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 ”

  • Comments are now closed

  1. Tracey 1
    11 October 2013 at 8:34 am

    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
      11 October 2013 at 11:04 am

      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
    11 October 2013 at 8:49 am

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

  3. Lanthanide 3
    11 October 2013 at 8:59 am

    “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
    11 October 2013 at 9:09 am

    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
      12 October 2013 at 12:30 am

      “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
    11 October 2013 at 9:35 am

    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
      11 October 2013 at 9:39 am

      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
      11 October 2013 at 10:09 am

      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
        11 October 2013 at 11:35 am

        😆 😈

      • McFlock 5.2.2
        11 October 2013 at 12:46 pm

        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.

      • Matthew Whitehead 5.2.3
        11 October 2013 at 10:37 pm

        Self-fulfilling prophecies are the easiest type to fool the voters with. 😉

    • fender 5.3
      11 October 2013 at 11:37 am

      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
        11 October 2013 at 12:16 pm

        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
          11 October 2013 at 3:43 pm

          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
            11 October 2013 at 4:01 pm

            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
              11 October 2013 at 4:56 pm

              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 …
                11 October 2013 at 5:20 pm

                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 …
                  11 October 2013 at 5:39 pm

                  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 …
                11 October 2013 at 5:40 pm

                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 …
                  11 October 2013 at 6:25 pm

                  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 …
                  11 October 2013 at 6:30 pm

                  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 …
                    11 October 2013 at 9:10 pm

                    %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 …
                11 October 2013 at 5:54 pm

                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
      11 October 2013 at 12:19 pm

      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
        11 October 2013 at 3:03 pm

        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
          11 October 2013 at 3:25 pm

          how is that in any way relevant to SGs comment?

          why cant you make even a single decent argument?

        • McFlock 5.4.1.2
          11 October 2013 at 3:28 pm

          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
    11 October 2013 at 9:38 am

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

    • Chris 6.1
      11 October 2013 at 10:06 am

      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
      11 October 2013 at 10:13 am

      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
    11 October 2013 at 10:12 am

    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
      12 October 2013 at 12:41 am

      “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
    11 October 2013 at 11:12 am

    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
      11 October 2013 at 2:04 pm

      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
        11 October 2013 at 3:18 pm

        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
    11 October 2013 at 11:34 am

    “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
      11 October 2013 at 11:45 am

      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
      11 October 2013 at 11:57 am

      Your usual useless contribution.

    • bad12 9.3
      11 October 2013 at 12:01 pm

      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
        11 October 2013 at 12:15 pm

        “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
          11 October 2013 at 1:24 pm

          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
          12 October 2013 at 12:04 pm

          one generator to spin them all

      • Puckish Rogue 9.3.2
        11 October 2013 at 1:59 pm

        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
          11 October 2013 at 3:13 pm

          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
          11 October 2013 at 5:42 pm

          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
          11 October 2013 at 8:25 pm

          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
      11 October 2013 at 2:42 pm

      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
        11 October 2013 at 3:10 pm

        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
          11 October 2013 at 3:16 pm

          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
            11 October 2013 at 3:20 pm

            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
            11 October 2013 at 3:30 pm

            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
              11 October 2013 at 3:54 pm

              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 …
                11 October 2013 at 4:13 pm

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

                Different strokes for different folks, eh?

                • framu …
                  11 October 2013 at 4:16 pm

                  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
              11 October 2013 at 9:09 pm

              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
            12 October 2013 at 12:54 am

            “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
          11 October 2013 at 9:00 pm

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

  10. tricldrown 10
    11 October 2013 at 12:13 pm

    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
      11 October 2013 at 4:41 pm

      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
        12 October 2013 at 1:12 am

        😆 😆 😆 😆 😆 😆 😆

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

      • Chooky 10.1.2
        12 October 2013 at 12:09 pm

        …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
      13 October 2013 at 9:02 am

      + 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
    11 October 2013 at 12:43 pm

    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
      11 October 2013 at 1:05 pm

      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
      11 October 2013 at 2:29 pm

      …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
    11 October 2013 at 1:23 pm

    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
      11 October 2013 at 1:53 pm

      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
        11 October 2013 at 2:09 pm

        Can’t seem to open this.

      • Draco T Bastard 12.1.2
        11 October 2013 at 2:26 pm

        NFI what happened there. Just submitted it as normal.

        • lprent 12.1.2.1
          11 October 2013 at 2:49 pm

          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
            11 October 2013 at 3:08 pm

            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
            11 October 2013 at 3:38 pm

            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
        11 October 2013 at 2:34 pm

        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
          11 October 2013 at 2:43 pm

          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
            11 October 2013 at 3:37 pm

            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
              11 October 2013 at 5:53 pm

              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 …
                11 October 2013 at 9:31 pm

                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
    11 October 2013 at 3:46 pm

    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
      11 October 2013 at 4:44 pm

      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
        12 October 2013 at 1:27 am

        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?

        😆 😆 😆 😆 😆

  14. tricldrown 14
    11 October 2013 at 3:55 pm

    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
      11 October 2013 at 4:08 pm

      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
        12 October 2013 at 1:31 am

        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
    12 October 2013 at 11:02 am

    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
    12 October 2013 at 11:02 am

    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??

Recent Comments

Recent Posts

  • Patterson promoting NZ’s wool sector at International Congress
    Associate Agriculture Minister Mark Patterson is speaking at the International Wool Textile Organisation Congress in Adelaide, promoting New Zealand wool, and outlining the coalition Government’s support for the revitalisation the sector.    "New Zealand’s wool exports reached $400 million in the year to 30 June 2023, and the coalition Government ...
    BeehiveBy beehive.govt.nz
    9 hours ago

  • Removing red tape to help early learners thrive
    The Government is making legislative changes to make it easier for new early learning services to be established, and for existing services to operate, Associate Education Minister David Seymour says. The changes involve repealing the network approval provisions that apply when someone wants to establish a new early learning service, ...
    BeehiveBy beehive.govt.nz
    12 hours ago

  • McClay reaffirms strong NZ-China trade relationship
    Trade, Agriculture and Forestry Minister Todd McClay has concluded productive discussions with ministerial counterparts in Beijing today, in support of the New Zealand-China trade and economic relationship. “My meeting with Commerce Minister Wang Wentao reaffirmed the complementary nature of the bilateral trade relationship, with our Free Trade Agreement at its ...
    BeehiveBy beehive.govt.nz
    18 hours ago

  • Prime Minister Luxon acknowledges legacy of Singapore Prime Minister Lee
    Prime Minister Christopher Luxon today paid tribute to Singapore’s outgoing Prime Minister Lee Hsien Loong.   Meeting in Singapore today immediately before Prime Minister Lee announced he was stepping down, Prime Minister Luxon warmly acknowledged his counterpart’s almost twenty years as leader, and the enduring legacy he has left for Singapore and South East ...
    BeehiveBy beehive.govt.nz
    1 day ago

  • PMs Luxon and Lee deepen Singapore-NZ ties
    Prime Minister Christopher Luxon held a bilateral meeting today with Singapore Prime Minister Lee Hsien Loong. While in Singapore as part of his visit to South East Asia this week, Prime Minister Luxon also met with Singapore President Tharman Shanmugaratnam and will meet with Deputy Prime Minister Lawrence Wong.  During today’s meeting, Prime Minister Luxon ...
    BeehiveBy beehive.govt.nz
    1 day ago

  • Antarctica New Zealand Board appointments
    Foreign Minister Winston Peters has made further appointments to the Board of Antarctica New Zealand as part of a continued effort to ensure the Scott Base Redevelopment project is delivered in a cost-effective and efficient manner.  The Minister has appointed Neville Harris as a new member of the Board. Mr ...
    BeehiveBy beehive.govt.nz
    1 day ago

  • Finance Minister travels to Washington DC
    Finance Minister Nicola Willis will travel to the United States on Tuesday to attend a meeting of the Five Finance Ministers group, with counterparts from Australia, the United States, Canada, and the United Kingdom.  “I am looking forward to meeting with our Five Finance partners on how we can work ...
    BeehiveBy beehive.govt.nz
    1 day ago

  • Pet bonds a win/win for renters and landlords
    The coalition Government has today announced purrfect and pawsitive changes to the Residential Tenancies Act to give tenants with pets greater choice when looking for a rental property, says Housing Minister Chris Bishop. “Pets are important members of many Kiwi families. It’s estimated that around 64 per cent of New ...
    BeehiveBy beehive.govt.nz
    1 day ago

  • Long Tunnel for SH1 Wellington being considered
    State Highway 1 (SH1) through Wellington City is heavily congested at peak times and while planning continues on the duplicate Mt Victoria Tunnel and Basin Reserve project, the Government has also asked NZ Transport Agency (NZTA) to consider and provide advice on a Long Tunnel option, Transport Minister Simeon Brown ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • New Zealand condemns Iranian strikes
    Prime Minister Christopher Luxon and Foreign Minister Winston Peters have condemned Iran’s shocking and illegal strikes against Israel.    “These attacks are a major challenge to peace and stability in a region already under enormous pressure," Mr Luxon says.    "We are deeply concerned that miscalculation on any side could ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Huge interest in Government’s infrastructure plans
    Hundreds of people in little over a week have turned out in Northland to hear Regional Development Minister Shane Jones speak about plans for boosting the regional economy through infrastructure. About 200 people from the infrastructure and associated sectors attended an event headlined by Mr Jones in Whangarei today. Last ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Health Minister thanks outgoing Health New Zealand Chair
    Health Minister Dr Shane Reti has today thanked outgoing Health New Zealand – Te Whatu Ora Chair Dame Karen Poutasi for her service on the Board.   “Dame Karen tendered her resignation as Chair and as a member of the Board today,” says Dr Reti.  “I have asked her to ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Roads of National Significance planning underway
    The NZ Transport Agency (NZTA) has signalled their proposed delivery approach for the Government’s 15 Roads of National Significance (RoNS), with the release of the State Highway Investment Proposal (SHIP) today, Transport Minister Simeon Brown says.  “Boosting economic growth and productivity is a key part of the Government’s plan to ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Navigating an unstable global environment
    New Zealand is renewing its connections with a world facing urgent challenges by pursuing an active, energetic foreign policy, Foreign Minister Winston Peters says.   “Our country faces the most unstable global environment in decades,” Mr Peters says at the conclusion of two weeks of engagements in Egypt, Europe and the United States.    “We cannot afford to sit back in splendid ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • NZ welcomes Australian Governor-General
    Prime Minister Christopher Luxon has announced the Australian Governor-General, His Excellency General The Honourable David Hurley and his wife Her Excellency Mrs Linda Hurley, will make a State visit to New Zealand from Tuesday 16 April to Thursday 18 April. The visit reciprocates the State visit of former Governor-General Dame Patsy Reddy ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Pseudoephedrine back on shelves for Winter
    Associate Health Minister David Seymour has announced that Medsafe has approved 11 cold and flu medicines containing pseudoephedrine. Pharmaceutical suppliers have indicated they may be able to supply the first products in June. “This is much earlier than the original expectation of medicines being available by 2025. The Government recognised ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • NZ and the US: an ever closer partnership
    New Zealand and the United States have recommitted to their strategic partnership in Washington DC today, pledging to work ever more closely together in support of shared values and interests, Foreign Minister Winston Peters says.    “The strategic environment that New Zealand and the United States face is considerably more ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Joint US and NZ declaration
    April 11, 2024 Joint Declaration by United States Secretary of State the Honorable Antony J. Blinken and New Zealand Minister of Foreign Affairs the Right Honourable Winston Peters We met today in Washington, D.C. to recommit to the historic partnership between our two countries and the principles that underpin it—rule ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • NZ and US to undertake further practical Pacific cooperation
    Foreign Minister Winston Peters has announced further New Zealand cooperation with the United States in the Pacific Islands region through $16.4 million in funding for initiatives in digital connectivity and oceans and fisheries research.   “New Zealand can achieve more in the Pacific if we work together more urgently and ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Government redress for Te Korowai o Wainuiārua
    The Government is continuing the bipartisan effort to restore its relationship with iwi as the Te Korowai o Wainuiārua Claims Settlement Bill passed its first reading in Parliament today, says Treaty Negotiations Minister Paul Goldsmith. “Historical grievances of Te Korowai o Wainuiārua relate to 19th century warfare, land purchased or taken ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Focus on outstanding minerals permit applications
    New Zealand Petroleum and Minerals is working to resolve almost 150 outstanding minerals permit applications by the end of the financial year, enabling valuable mining activity and signalling to the sector that New Zealand is open for business, Resources Minister Shane Jones says.  “While there are no set timeframes for ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Applications open for NZ-Ireland Research Call
    The New Zealand and Irish governments have today announced that applications for the 2024 New Zealand-Ireland Joint Research Call on Agriculture and Climate Change are now open. This is the third research call in the three-year Joint Research Initiative pilot launched in 2022 by the Ministry for Primary Industries and Ireland’s ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Tenancy rules changes to improve rental market
    The coalition Government has today announced changes to the Residential Tenancies Act to encourage landlords back to the rental property market, says Housing Minister Chris Bishop. “The previous Government waged a war on landlords. Many landlords told us this caused them to exit the rental market altogether. It caused worse ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Boosting NZ’s trade and agricultural relationship with China
    Trade and Agriculture Minister Todd McClay will visit China next week, to strengthen relationships, support Kiwi exporters and promote New Zealand businesses on the world stage. “China is one of New Zealand’s most significant trade and economic relationships and remains an important destination for New Zealand’s products, accounting for nearly 22 per cent of our good and ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Freshwater farm plan systems to be improved
    The coalition Government intends to improve freshwater farm plans so that they are more cost-effective and practical for farmers, Associate Environment Minister Andrew Hoggard and Agriculture Minister Todd McClay have announced. “A fit-for-purpose freshwater farm plan system will enable farmers and growers to find the right solutions for their farm ...
    BeehiveBy beehive.govt.nz
    6 days ago

  • New Fast Track Projects advisory group named
    The coalition Government has today announced the expert advisory group who will provide independent recommendations to Ministers on projects to be included in the Fast Track Approvals Bill, say RMA Reform Minister Chris Bishop and Regional Development Minister Shane Jones. “Our Fast Track Approval process will make it easier and ...
    BeehiveBy beehive.govt.nz
    6 days ago

  • Pacific and Gaza focus of UN talks
    Foreign Minister Winston Peters says his official talks with the United Nations Secretary-General Antonio Guterres in New York today focused on a shared commitment to partnering with the Pacific Islands region and a common concern about the humanitarian catastrophe in Gaza.    “Small states in the Pacific rely on collective ...
    BeehiveBy beehive.govt.nz
    7 days ago

  • Government honours Taranaki Maunga deal
    The Government is honouring commitments made to Taranaki iwi with the Te Pire Whakatupua mō Te Kāhui Tupua/Taranaki Maunga Collective Redress Bill passing its first reading Parliament today, Treaty Negotiations Minister Paul Goldsmith says. “This Bill addresses the commitment the Crown made to the eight iwi of Taranaki to negotiate ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Enhanced partnership to reduce agricultural emissions
    The Government and four further companies are together committing an additional $18 million towards AgriZeroNZ to boost New Zealand’s efforts to reduce agricultural emissions. Agriculture Minister Todd McClay says the strength of the New Zealand economy relies on us getting effective and affordable emission reduction solutions for New Zealand. “The ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • 110km/h limit proposed for Kāpiti Expressway
    Transport Minister Simeon Brown has welcomed news the NZ Transport Agency (NZTA) will begin consultation this month on raising speed limits for the Kāpiti Expressway to 110km/h. “Boosting economic growth and productivity is a key part of the Government’s plan to rebuild the economy and this proposal supports that outcome ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • New Zealand Biosecurity Awards – Winners announced
    Two New Zealanders who’ve used their unique skills to help fight the exotic caulerpa seaweed are this year’s Biosecurity Awards Supreme Winners, says Biosecurity Minister Andrew Hoggard. “Strong biosecurity is vital and underpins the whole New Zealand economy and our native flora and fauna. These awards celebrate all those in ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Attendance action plan to lift student attendance rates
    The Government is taking action to address the truancy crisis and raise attendance by delivering the attendance action plan, Associate Education Minister David Seymour announced today.   New Zealand attendance rates are low by national and international standards. Regular attendance, defined as being in school over 90 per cent of the ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • World must act to halt Gaza catastrophe – Peters
    Foreign Minister Winston Peters has told the United Nations General Assembly (UNGA) in New York today that an immediate ceasefire is needed in Gaza to halt the ongoing humanitarian catastrophe.    “Palestinian civilians continue to bear the brunt of Israel’s military actions,” Mr Peters said in his speech to a ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Speech to United Nations General Assembly: 66th plenary meeting, 78th session
    Mr President,   The situation in Gaza is an utter catastrophe.   New Zealand condemns Hamas for its heinous terrorist attacks on 7 October and since, including its barbaric violations of women and children. All of us here must demand that Hamas release all remaining hostages immediately.   At the ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Government woolshed roadshow kicks off
    Today the Government Agriculture Ministers started their national woolshed roadshow, kicking off in the Wairarapa. Agriculture Minister Todd McClay said it has been a tough time for farmers over the past few years. The sector has faced high domestic inflation rates, high interest rates, adverse weather events, and increasing farm ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • PM heads to Singapore, Thailand, and Philippines
    Prime Minister Christopher Luxon will travel to Singapore, Thailand and the Philippines this week (April 14-20), along with a senior business delegation, signalling the Government’s commitment to deepen New Zealand’s international engagement, especially our relationships in South East Asia. “South East Asia is a region that is more crucial than ever to ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Prime Minister launches Government Targets
    Prime Minister Christopher Luxon has announced further steps to get New Zealand back on track, launching nine ambitious Government Targets to help improve the lives of New Zealanders. “Our Government has a plan that is focused on three key promises we made to New Zealanders – to rebuild the economy, ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Natural hydrogen resource should be free of Treaty claims entanglement
    Natural hydrogen could be a game-changing new source of energy for New Zealand but it is essential it is treated as a critical development that benefits all New Zealanders, Resources Minister Shane Jones says. Mr Jones is seeking to give regulatory certainty for those keen to develop natural, or geological, ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Government responds to unsustainable net migration
    ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • New Zealand on stage at global Space Symposium
    Space Minister Judith Collins will speak at the Space Symposium in the United States next week, promoting New Zealand’s rapidly growing place in the sector as we work to rebuild the economy. “As one of the largest global space events, attended by more than 10,000 business and government representatives from ...
    BeehiveBy beehive.govt.nz
    1 week ago

Page generated in The Standard by Wordpress at 2024-04-16T09:09:51+00:00