web analytics
The Standard

Goldman Sachs. Global Inc?

Written By: - Date published: 10:33 am, November 29th, 2012 - 66 comments
Categories: capitalism - Tags:

Interesting piece in today’s Glasgow Herald on the appointment of Mark Carney as the new governor of The Bank of England. It’s what you might call ‘out of step’. For most of this week, UK press commentary on his appointment has been fairly gushing. But then, the UK Tories love him. The UK Labour Party loves him. Everybody loves him. He’s a lovely man – lovely enough to accept responsiblity for Canada being fairly succesful in negotiating the initial phases of the global financial collapse. The fact that Canadian banks were subject to regulations that barred them from speculating in the same manner as others is, in case you were wondering, beside the point.

Mark Carney’s ‘the biz’ you see. So the former Goldman Sachs advisor to the Russian Government in the 90’s (and we all know how well that worked out) and current chair of the G20’s  ‘Financial Stability Forum’ is now ‘the Guv’ of the Bank of England.

Don’t those tentacles do a fair bit of snaggling in the ebbs and flows of financial currents? From the US Treasury and Federal Reserve to the European Central Bank and the World Bank. From elected and unelected Prime Ministerial positions in Greece and Italy to prominant positions of national  influence in such places as Ireland, Canada and now the UK (plus how many other ‘under the radar’ appointments and influences?) And all, it seems, acting in one way or another (and it must be said, with the quiet acquiescence of  elected politicians) to feed the insatiable maw that is Goldman Sachs.

Oh, for a sperm whale.

66 comments on “Goldman Sachs. Global Inc?”

  1. Pascal's bookie 1

    “Oh, for a sperm whale”

    heh.

    I’d settle for a Roosevelt at this rate.

  2. King Kong 3

    I was recruited by Goldman Sachs when I was only 11 years old. I recieved extensive training and have been a sleeper agent untill yesterday.

    My cell chief, John Key, contacted me and gave me orders to start taking deposits from innocent members of the public and lending to others at a higher interest rate than I am borrowing for.

    I simply can’t carry out such a monstrous act and am now on the run. I know they will find me and can only imagine the horror of what they will do to me when they do.

    Tell my wife I love her.

    • AAMC 3.1

      And if it wasn’t for the escalating suicide rates in Greece, that might be humorous.

      • King Kong 3.1.1

        Deleted.

        [RL: Nah… humour fail.]

      • Gosman 3.1.2

        Pretty sure noone forced the Greeks to do anything they weren’t wanting to do prior to the recent problems.

        Why do many leftists treat sovereign nation states as if they are infants who are incapable of taking responsibility for their bad decisions?

        • vto 3.1.2.1

          said from a bank bailed out

          • Gosman 3.1.2.1.1

            Considering I’ve never argued for bank bailouts I fail to see why this is relevant.

            • vto 3.1.2.1.1.1

              I am trying to do anonymous blogging. Answering your point with no reference to the past or future of the author.

        • AAMC 3.1.2.2

          That’s exactly right Gosman, what were the Germans thinking with all that predatory lending.

        • thatguynz 3.1.2.3

          It doesn’t really matter whether Greece were forced to or did so of their own volition.  The fact remains that there were two sides to the “secret” deal that enabled Greece to satisfy the Euro entry conditions.
           
          http://www.bloomberg.com/news/2012-03-06/goldman-secret-greece-loan-shows-two-sinners-as-client-unravels.html

        • Tracey 3.1.2.4

          you mean like bailing out banks when they manage their businesses badly? Is that what you mean by taking responsibility for bad decisions. It’s not a “leftist” policy as such, it’s a capitalist policy.

        • AAMC 3.1.2.5

          And why do “Rightists” treat corporate monopolists as benign actors disseminating perfect information to which ‘the market’ can act rationally and efficiently allocate resources?

          It’s not the ineffective Left standing in the way of a free market utopia, it’s the corporate central planners who’ve captured government. The last thing these guys want is a free market.

          I’ve had some very productive discussions with pure Austrians Gosman, none of them defend cronyism and corporate welfare the way you do.

    • KJT 3.2

      “taking deposits from innocent members of the public and lending to others at a higher interest rate than I am borrowing for”.

      If that was actually what companies such as ‘Goldman Sacks everyone’, really did, we would not have too great a problem with them. In fact they would then serve a, somewhat, useful purpose.

      http://www.independent.co.uk/voices/commentators/johann-hari/johann-hari-how-goldman-gambled-on-starvation-2016088.html

      Instead off stuffing the world economy with gambling, expanding monied wealth beyound the ability to pay, losing pension funds, starving millions and then expecting those not involved, such as Greece’s poor, to pay the costs of bailing them out.

    • Tracey 3.3

      I can believe you’ve slept alot.

  3. euboulia 4

    I know a guy who works for Goldman. “Amoral” would be putting it mildly.

    • Gosman 4.1

      And I knew a guy who ran a left wing NGO in NZ who was a complete A-hole and nutter. That doesn’t mean all people who work for left wing NGO’s are like that or that the NGO it self was flawed.

      • euboulia 4.1.1

        You don’t understand. All of Goldman is like this.

        • Populuxe1 4.1.1.1

          So you have personally met and psychologically analysed every single person  who works for Goldman Sachs, or are you just making sweeping assumptions about hundreds of people you know nothing about to suit your own prejudices?

          • RedLogix 4.1.1.1.1

            Then again there is the thought that anyone who can stomach working for them, or is capable of that level of self-deception, is probably worth making some sweeping assumptions about.

            • Colonial Viper 4.1.1.1.1.1

              GS doesn’t have the nickname “Vampire Squid” for nothing.

              For other insights, this is a great blog to read.

              http://www.theibanker.com/

            • Populuxe1 4.1.1.1.1.2

              Which is equivalent to a right-winger comparing everyone on the left want’s to bring about a bloody armed revolution with all the delightful trappings Stalin had to offer.

              • RedLogix

                It’s probably worth committing a Godwin here and point out that if some had been a member of the Gestapo, no-one would be all that impressed if they bleated “But I knew nothing about the Jews”.

                Note carefully I’m not drawing a moral equivalence between the Gestapo and Goldman Sachs. But I am saying that if you work for an organisation that has been widely condemned for it’s predatory and entrenched amoral practises … pleading ignorance is not much of a defense, no matter how nice a person you are.

                • Populuxe1

                  But the Gestapo were only one part of the Nazi apparatus. It was revulsion among the officer class of the Wehrmacht at mass killings of Jews in Ukraine that inspired the assassination attempt on Hitler’s life. However way you cut it, it’s still a generalisation.

                  • RedLogix

                    No. It’s a moral choice.

                    A few years ago I turned down a very well paid offer from a head-hunter who wanted me to work for an Australian coal mine. The job had my name all over it, the location was great and the conditions brilliant.

                    But I turned it down because if I ever worked for a coal company I’d never, ever be able to say anything about global warming ever again.

                    That’s what moral choice is really about pop … putting the truth ahead of your own personal interests. Anyone who works for GoldmanSachs is merely putting their own personal salary and career ahead of doing the right thing. They may be perfectly decent, hard-working people… but their loyalty to something that is not any of these things brands them as collaborators.

          • Draco T Bastard 4.1.1.1.2

            http://www.marketplace.org/topics/business/daily-pulse/murders-acquisitions-traders-are-psycho-study

            That’s the result of a study from the University of St Gallen in Switzerland, Der Spiegel reports. Researchers ran tests on 28 traders, and found that stockbrokers’ behavior is more reckless and manipulative than that of psychopaths.

  4. Gosman 5

    This smacks of the old Jew baiting tricks that used to go on in the first half of last century, although now it has morphed into the ‘Evil Goldman Sachs’ Investment bank rather than the Jewish money lenders.

    You are aware that Goldman Sachs isn’t like a big fraternity house which holds regular reunion’s for former alumni aren’t you?

    Are you also aware that the people you link to Goldman Sachs are also likely to have worked for other financial institutions as well?

    • thatguynz 5.1

      Very simple question Gos – do you fundamentally agree with Goldman Sachs’ business practices?

      • Gosman 5.1.1

        Not all of them. However we are discussing a large multi-national organisation with a huge range of business areas that it deals with. It would be like stating you think the NZ State sector is fundamentally wrong because of the actions of MSD around the Kiosk security lapse.

        • thatguynz 5.1.1.1

          “It would be like stating you think the NZ State sector is fundamentally wrong because of the actions of MSD around the Kiosk security lapse.”

          Erm, no it wouldn’t.  It would be like stating that I think that MSD is fundamentally wrong because of the actions of MSD around the Kiosk security lapse.
           
          Just by virtue of being a large multi-national does not diminish the accountability of the hierarchy nor of the corporation as a whole.  GS are centrally controlled – irrespective of where in the world they operate.  William D. Cohen’s “Money and Power” offers a fairly good insight into the history of GS and how they operate internally.

          • Tracey 5.1.1.1.1

            “Just by virtue of being a large multi-national does not diminish the accountability of the hierarchy nor of the corporation as a whole” – and yet they suffer few consequences.

    • muzza 5.2

      How much tax do the banks pay on the sales of their toxic instruments, for using them to manipulate markets and destroy nations Gosman?

      GS is not the issue, its those who own GS, and all the major banks which are!

      • Gosman 5.2.1

        Your first point is more errant nonsense. I have yet to see any country that was fundamentally sound being brought to it’s knees by dodgy trading by investment banks.

        Your second point actually has some validity.

        • thatguynz 5.2.1.1

          “I have yet to see any country that was fundamentally sound being brought to it’s knees by dodgy trading by investment banks.”


          I thought that was Hank Paulson’s precise reason for bailing out the investment banks etc?  That the fall in liquidity and subsequent institutional failures would in essence trigger a domino effect that would bring world finances to its knees.  Not that I agree with it of course but that was the justification that he used..

          • Gosman 5.2.1.1.1

            These evil bankers are intent on destoying nations by destroying themselves first are they? Gosh, they aren’t that clever then.

            • Macro 5.2.1.1.1.1

              No they are not Gos in fact they are usually very unclever! Shifty, Unscrupulous, Duplicitous, maybe all of those, but clever. – NO.

            • thatguynz 5.2.1.1.1.2

              Is that what I said?  Nice attempt at diversion Gos – I notice you don’t  address the point the point that I ACTUALLY raised.

            • Tracey 5.2.1.1.1.3

              Why do you assume they are clever enough to not let their greed make them foolish? Look at the people caught in the latest scam in Aussie, business folks all… Mayors etc…

            • Colonial Viper 5.2.1.1.1.4

              These evil bankers are intent on destoying nations by destroying themselves first are they? Gosh, they aren’t that clever then.

              *SIGH*

              Let’s review Banksterism 101 shall we.

              1- The failure of a bank due to fraud is not necessarily the failure of the fraud. Bank executives and CEOs usually walk away keeping all their recent bonuses and pay, as well as getting a golden parachute.

              2- The bankruptcy of a bank’s clients due to bad banking and derivative advice from the bank is not necessarily the failure of the bank. Indeed, these investment banks often set themselves up on the other side of the trade. As their clients lose money, they make bigger and bigger profits.

        • Macro 5.2.1.2

          You need to open your eyes a bit more Gos.

    • AAMC 5.3

      “the Conservative technocrats currently steering or who have steered post-crash fiscal policy in Greece, Germany, Italy, Belgium, France, and now the UK, all hail from Goldman Sachs. In fact, the head of the European Central Bank itself, Mario Draghi, was the former managing director of Goldman Sachs International.

      And here in the United States, after Treasury Secretary and former Goldman CEO Henry Paulsen did his job in 2008 securing Goldman’s multi-billion dollar bailout, he was replaced in the new Obama administration with Tim Geithner who worked very closely with Goldman Sachs as head of the New York Fed and made sure Goldman received more than $14 billion from the bailout of failed insurance giant AIG. “

      • Gosman 5.3.1

        Goldman Sach’s paid back all the TARP funds they received plus interest. The US Federal Government made money off them.

        • thatguynz 5.3.1.1

          True but unless I’m very much mistaken, their payout from AIG (at 100c in the dollar) wasn’t a TARP bailout to GS.  It was payment from the govt to AIG to enable them to honour their debt obligations to GS.

        • AAMC 5.3.1.2

          doing quite nicely outta that discount window, QE1,2 & 3, ZIRP. Not great proponents of your ‘Free Market” these monopolistic corporate welfare recipients you’re defending Gosman.

          The point of that quote was to illustrate how far they’ve infiltrated global governance, this merger of State and Corporation would have to be bordering on Socialism / Corporat Central Planning wouldn’t it Gosman, and you’re defending it?

          • Gosman 5.3.1.2.1

            I’ve stated in the past that I am against the concepts behind QE on the whole. One of the reasons is because it enables players like GS to benefit massively. However QE is a Government/Monetary policy decision not Goldman Sachs’. You can hardly blame GS for profiting off State stupidity.

            GS haven’t infiltrated anything. Former employees of the organisations have gone on to other roles. The fact they used to work for an organisation is largely irrelevant unless you provide a current link between them.

            • Tracey 5.3.1.2.1.1

              Do you believe that the Board/Chair of GS doesn’t have the ear of policy makers in various countries? Like in the USA for example?

            • AAMC 5.3.1.2.1.2

              The architects of this Government Monetary policy? Ex bankers! Those who lobbied to repeal Glass–Steagall, Bankers. Those who crashed the economy with a ponzi scheme of sub prime debt and financial instruments necessitating TARP, QE, ZIRP, bankers.

            • AAMC 5.3.1.2.1.3

              the entire banking / monetary establishment of Europe is now run by Goldman alumni, I take your point about them only being ex employees, if there were only a few spots filled by them I’d be prepared to accept it.

              But however you view it, it’s impossible to proclaim that the culture of Goldman Sac’s via these appointments hasn’t infiltrated the establishment. And as precedent has showed via TARP, ex Goldman staff tend to act in Goldman’s interests and definitely act in the interests of our monetary overlords, bot in the interests of the citizenry.

  5. Ennui in Requiem 6

    Thats right Gos…here in Purgatory we don’t see bankers at all: Satan decided that to fast track their disappearance into eternal brimstone and fiery torment. A few of the devils who prod us are Goldman Sachs execs…..their job is to bore us senseless, prodding us out of sheer frustration because Satan (in a concession to God) has banned usury, and they cant charge us any interest. Drives them into an absolute fury, especially as Lucifer runs an inflationary fiscal policy.

    PS Lucifer just went by saying something like “not a drop of blood”….he had some Venetian Jewish fellow in tow….the man in question I am assured is the great grand daddy of all GS bankers.

    • Tracey 6.1

      By the sounds of it they dont know they’re dead, just at a corporate dinner

      • Ennui in Requiem 6.1.1

        They soon realize when the Gucci shoes melt and the Armani suits immolate………the bit which causes them real pain is the realization that the wealth they “accumulated” in life is not transportable in death. We then taunt them about the pointlessness of their vile former life.

  6. vto 7

    The fact this conversation is even going on indicates the situation is one of extremity and out of the ordinary.

    The entire banking system has wormed and worked its way into becoming an integral part of each and every economy. Was having exactly this conversation just today when assessing how risk and return (margins etc) in two separate business models in the same sector of the economy can be so apparently different, even when accounting for their differences (the real ones)….

    … the conclusion come to pretty quickly was that the two models were each predicated on the basis of bank’s lending practices. i.e. the banking and financial systems have become so embedded that they distort the realities. Our current ‘reality’ involves the necessity of considering the payment system for the product as much as the actual use of the product.

    Now this of course, with some good thought, is ludicrous. Money is just a means of exchange, but by the century-plus long actions of the banking sector, money has become just as much the actual transaction. And this is the achilles heal, the fundamental flaw, the sign of breakdown, indicator of end-game, etc etc.

    The exchange is the exchange. Money just facilitates the exchange and is a very very minor minor component. Or should be. But is it? No way – for example, property invstment is integral with banking. How much of our housing sector involves payments to banks, in various forms?

    It is insidious. It is a ghastly poison that now runs in our veins.

    Getting rid of it will be like draining the veins.

    • RedLogix 7.1

      It was once pointed out to me that all of the world’s major religions either prohibit usury altogether, or stipulate a very low interest rate. Indeed of all the things they could say about economics, placing strict limitations on the charging of interest is about the one thing on this theme they all have in common.

      For all that economics likes to parade about as a ‘science'; it would have done an awful lot better if had paid a lot more attention to this ancient and almost universal piece of wisdom.

      • vto 7.1.1

        Exactly redlogix.

        By means of interest, usury, the banking system has wormed its way to being paid a mind-bogglingly large portion of the economy’s output. It is completely and utterly out of whack.

        The payment of interest for the use of capital / money serves no good or useful purpose for manwomankind.

        Of course that is hard for some in our current society to understand given its ingrained nature (e.g. “money in the bank earns interest blah blah always been like that” ” how do you earn money from your money then?” People who promote these lines always have no understanding of the system they have been embedded in. Sad but true, and a direct result of the banking system being kept from our education system, among others).

        Your point redlogix highlights a wisdom of the ages. It also highlights how far we in the west are out of sync with this issue.

        Ban interest. It is the only way.

        • Draco T Bastard 7.1.1.1

          ” how do you earn money from your money then?”

          And the same people who do that will also castigate an unemployed person for not working even if they want to and say nothing against the person who has ten times the income from interest as the unemployed person and yet does less work.

          Ban interest. It is the only way.

          And stop private banks from creating money.

          • vto 7.1.1.1.1

            Here is an estimate measure that should scare the undies off anyone with loose undies…

            I reckon at least 10% of a person’s working life (and probably closer to 20%) would go to paying banks.

            10-20% of a persons working life. For no good purpose.

            What a waste.

            • RedLogix 7.1.1.1.1.1

              You might want to have another read of this old post of mine:

              http://thestandard.org.nz/i-owe-my-soul%E2%80%A6-to-the-company-store/

              The main takeaway is the graph of Keen’s model. It demonstrates mathematically exactly how usury inevitably undermines society and the economy that is built upon it.

              The ancients had worked this out empirically; the were after all the masters of intelligent observation.

              • vto

                That is exactly what I was hopelessly trying to say. Good post and worthy of repetitive repitition given its dramatic effect on all of our daily lives, right now today.

                Maybe John Key would also like to posit an opinion on such a major problem component of our economy and challenge to our society? Could one of our esteemed named journalists ask him perhap?

  7. KhandallaMan 8

    Bill
    I don’t like the hint of global-conspiracy in your story.

    At other times in history and in different continents people ascribed a grand-plan to the presence of one race or religion in particular trades or professions.  

    Don’t go down that path.  It leads to a very ugly place. 

    Let the RWNJs on Kiwiblog maintain their ascendancy on conspiracy stories: e.g. Global warming; Moon landing, Obama’s birth cert; Helen’s UN job et al….

    • vto 8.1

      Mr Kandallala, humans have conspired since day dot. To conspire is to act in one of our base manners. In fact, it is one of the reasons we have ended up where we are on the planet.

      Don’t get sucked in by the “oh you’re just a conspiracy theorist” bullshit.

      Tell me you have never been subjected to a conspiracy…. In fact, I challenge anyone to claim they have never conducted a conspiracy or been subjected to one.

    • Colonial Viper 8.2

      Get a grip and look at the facts, no matter how painful they may be. Which includes a massive globalised financialisation of the world economy, generally at the expense of the productive real economy. Wall St versus main St.

      Don’t go down that path. It leads to a very ugly place.

      The ugly place is actually right here right now. It’s ALL OF US who are getting destroyed by this scam, entire sovereign countries and peoples RIGHT NOW.

      Here’s the Banker’s Guide to Owning it All

      https://www.youtube.com/watch?v=OuIHSWRAz5Y&feature=g-all

      And here’s Max Keiser explaining it a little bit more

      https://www.youtube.com/watch?v=XliTvxqTtsE

  8. Rogue Trooper 9

    Yes it was never gonna be just the “money”

  9. JEHR 10

    See: http://neweconomicperspectives.org/2012/11/mark-carney-vs-andy-haldane-the-bank-of-canada-governor-is-wrong-on-too-big-to-fail-and-wrong-on-canadas-banking-system.html

    Under Mark Carney, Canada’s banking system was bailed out to the tune of $114 which works out to more on a per capita basis than the TARP. It is just that our government lied to us about it:

    Also see: http://www.policyalternatives.ca/sites/default/files/uploads/publications/National%20Office/2012/04/Big%20Banks%20Big%20Secret.pdf

    And Mark Carney lied about not wanting to be Governor of the Bank of England:

    See: http://www.bloomberg.com/news/2012-08-09/carney-says-yes-to-never-considering-bank-of-england-chief-job.html

    Maybe he deserves to go from the frying pan into the fire!

  10. Johnm 11

    “The People vs. Goldman Sachs
    A Senate committee has laid out the evidence. Now the Justice Department should bring criminal charges ”

    http://www.informationclearinghouse.info/article28124.htm

    http://www.rollingstone.com/politics/news/the-great-american-bubble-machine-20100405

  11. muzza 12

    What, the justice departments which are controlled by the same influences that controlls GS..

    An out of court settlement and another fine equalting to single digit % of the fraud value, will be as much as might happen here!

Recent Comments

Recent Posts

  • Worker safety top of mind tomorrow and beyond
    Workers’ Memorial Day, commemorated tomorrow, is both a time to reflect and to encourage a better safety culture in all workplaces, says Labour’s spokesperson for Labour Issues Iain Lees-Galloway.“On Worker’s Memorial Day, working people across New Zealand will remember those… ...
    14 hours ago
  • Communities forced to stomach water woes
    Confirmation by Health Minister Jonathan Coleman that he is to wind up a water quality improvement scheme will leave thousands of Kiwis with no alternative but to continue boiling their drinking water, Labour’s Health spokesperson Annette King says. The Drinking… ...
    19 hours ago
  • Labour calls for immediate humanitarian aid for Nepal
    The Government should act immediately to help with earthquake relief efforts in Nepal, Labour’s Foreign Affairs spokesperson David Shearer says. “The Nepalese Government is appealing for international assistance following yesterday’s massive quake. The full impact is only now being realised… ...
    19 hours ago
  • New holiday reflects significance of Anzac Day
    Anzac Day now has the full recognition that other public holidays have long enjoyed, reflecting the growing significance it has to our sense of identity and pride as a nation, Labour MP David Clark says.“The importance of the 100th Gallipoli… ...
    19 hours ago
  • Housing crisis hurting export growth
    If Steven Joyce wants to revive his failing export growth target he needs to make sure the Government gets to grips with the housing crisis, says David Parker, Labour’s Export Growth and Trade spokesperson. “Our exporters are struggling to compete… ...
    4 days ago
  • Gallipoli’s lesson: never forget, never repeat
     A special monument to one of our greatest war heroes should be a priority for the new Pukeahu National War Memorial Park, Labour Leader Andrew Little says.  “This will honour the spirit of Lieutenant Colonel William Malone, who led 760… ...
    4 days ago
  • Minister for who? Women, or Team Key?
    Louise Upston yesterday broke her silence on John Key’s repeated unwanted touching of a woman who works at his local café, to jump to the defence of her Boss. Upston repeated Key’s apology but, according to media reports “she refused… ...
    GreensBy Jan Logie MP
    4 days ago
  • Taxpayer bucks backing US billionaire
    Kiwis will be horrified to know they are backing a Team Oracle subsidiary owned by a US billionaire, Labour’s Sports and Recreation spokesperson Trevor Mallard says. It has been revealed today that a Warkworth boat building company, which is wholly… ...
    5 days ago
  • English’s sins of omission: ‘Nothing left to be done’ on housing
    When Bill English said ‘there is nothing left to be done’ on the Auckland housing crisis he had overlooked a few things – a few things, Labour’s Housing spokesperson Phil Twyford says.  “He’s right if you ignore: ...
    5 days ago
  • Climate change now hurts Kiwis
    Kiwis have twice been given timely and grave warnings on how climate change will hit them in their hip pockets this week, says Climate Change spokesperson Megan Woods.  “The first is the closure of the Sanford mussel plant and the… ...
    5 days ago
  • Clean, green and chocolate!
    Like many people I absolutely love chocolate! But until recently I hadn’t given much thought to how it was grown and produced. Fair trade and ethical food production are core Green Party principles, so yesterday Steffan Browning and I were… ...
    GreensBy Mojo Mathers MP
    5 days ago
  • National admits loan shark law not up to it
    National has admitted new laws to crack down on loan sharks, truck shops and dodgy credit merchants aren’t up to the task of protecting vulnerable consumers, Labour’s Commerce spokesperson Kris Faafoi says. “Paul Goldsmith has acknowledged the laws might just… ...
    5 days ago
  • Power and the Prime Minister
    I’d like to acknowledge the young woman* who has publically told her story. It was a very brave thing to do. She kept her story very simple and focussed on her experience of what happened. It told of unwanted attention… ...
    GreensBy Jan Logie MP
    5 days ago
  • Extra holiday offers time to reflect
    The Mondayisation of Anzac Day provides New Zealanders with an opportunity to spend more time with their families and their communities, Dunedin North Labour MP David Clark says. “This is the first time legislation I introduced, to have Anzac and… ...
    5 days ago
  • More angst and anguish for red zone locals
    Local residents will be bitterly disappointed by the Government’s cherry picking of the Supreme Court’s decision regarding compensation for red zoned property owners, Labour Canterbury Earthquake Recovery spokesperson and Port Hills MP Ruth Dyson says. “Home owners have taken all… ...
    6 days ago
  • Australia shows why we need a sovereign wealth fund now
    Australia has not managed its great mining boom well, says HSBC’s chief economist for Australia and New Zealand, Paul Bloxham. When times are good, governments need to save for the bad times that will inevitably follow, and this can be… ...
    GreensBy Russel Norman MP
    6 days ago
  • Pure Water- pure rip off
    New Zealanders’ rights to fresh water must be protected before commercial allocations are given, but the Government is allowing resources to be taken, says Kelvin Davis MP for Te Tai Tokerau.  “The Government needs to resolve the issue of water… ...
    6 days ago
  • Cabinet paper reveals weak case for Iraq deployment
    A heavily redacted copy of a Cabinet paper on New Zealand’s military deployment to Iraq reveals how weak the case is for military involvement in that conflict, says Labour’s Defence spokesperson Phil Goff.  The paper warns that given the failure… ...
    6 days ago
  • Malaysia’s booty is Kiwis’ lost homeownership dream
    It’s unsurprising the Auckland property market is so overheated when Malaysians are being told they can live large on Kiwi’s hard-earned rent money, Labour’s Housing spokesperson Phil Twyford says. “A Malaysian property website lists nearly 4000 New Zealand houses and… ...
    6 days ago
  • Ministry’s food safety resources slashed to the bone
    The Ministry for Primary Industries’ failure to monitor toxic and illegal chemicals in red meat is a dereliction of duty, Labour’s Primary Industries and Food Safety spokesperson Damien O’Connor says. “MPI compliance officer Gary Orr today admitted National’s much-vaunted super… ...
    6 days ago
  • Ministry must protect organic food industry
    The Ministry for Primary Industries must take urgent action to protect New Zealand’s $150 million organic food and beverage industry by establishing a certification regime, Labour’s Primary Industries spokesperson Damien O’Connor says. “Despite working with Organics Aotearoa on the issue… ...
    7 days ago
  • Tony Abbott, indigenous rights, and refugees
    This week, Tony Abbott has visited Aotearoa New Zealand, bringing with him his racist policies against indigenous Australians and his appalling record on refugee detention camps. Abbott has launched a policy “to close” remote aboriginal communities, which is about as… ...
    GreensBy Catherine Delahunty MP
    7 days ago
  • PM’s housing outburst bizarre
    Labour’s Housing spokesperson Phil Twyford has described the Prime Minister’s latest comments on the Auckland housing crisis as bizarre. “John Key is deep in denial. He must be one of the only people left who are not concerned about the risk… ...
    1 week ago
  • Deflation: Another economic headache linked to housing crisis
    National’s housing crisis is causing even further damage with the second consecutive quarter of deflation a genuine concern the Reserve Bank can do little about, as it focusses on Auckland house prices, says Labour’s Finance spokesperson Grant Robertson. “This is… ...
    1 week ago
  • Pot calling the kettle black over fossil fuel subsidies.
    Over the weekend alongside nine other countries the New Zealand Government has endorsed a statement that supports eliminating inefficient subsidies on fossil fuels. Fossil fuel subsidies are a big driver of increasing emissions. Good on the Government for working internationally… ...
    GreensBy Gareth Hughes MP
    1 week ago
  • At last – a common sense plan for Christchurch
    The Common Sense Plan for Christchurch released by The People’s Choice today is a welcome relief from the shallow debate about rates rises versus asset sales, Labour’s Christchurch MPs say. "Local residents – who have spent weeks trawling through the… ...
    1 week ago
  • National must lead by example on climate change
    The National Government must meet its own climate change obligations before it preaches to the rest of the world, Labour's Climate Change spokesperson Megan Woods says. "Calls today by Climate Change Minister Tim Groser for an end to fossil fuel… ...
    1 week ago
  • Biosecurity rethink a long time
    The Government has opened New Zealand’s borders to biosecurity risks and its rethinking of bag screening at airports is an admission of failure, Labour’s Primary Industries spokesperson Damien O’Connor says. Nathan Guy today announced a review of biosecurity systems in… ...
    2 weeks ago
  • Chinese rail workers must be paid minimum wage
    KiwiRail must immediately stop further Chinese engineers from working here until they can guarantee they are being paid the New Zealand minimum wage, Labour’s MP for Hutt South Trevor Mallard says. The Ministry of Business, Innovation and Employment today released… ...
    2 weeks ago
  • Better consultation needed on Christchurch asset sales
    The Christchurch City Council (CCC) should be promoting wide and genuine public consultation on its draft ten year budget and plan given the serious implications for the city’s future of its proposed asset sales, outlined in the plan. Instead, it… ...
    GreensBy Eugenie Sage MP
    2 weeks ago
  • ‘Healthy Families’ a good start but not enough to tackle obesity relate...
    Today the Government is making a the meal out of the launch of its ‘Healthy Families’ package to promote ‘healthier decisions’ and ‘changing mindsets’ over nutrition, physical activity and obesity. Great! The programme is based on a successful model from… ...
    GreensBy Kevin Hague MP
    2 weeks ago
  • ‘Healthy Families’ a good start but not enough to tackle obesity relate...
    Today the Government is making a the meal out of the launch of its ‘Healthy Families’ package to promote ‘healthier decisions’ and ‘changing mindsets’ over nutrition, physical activity and obesity. Great! The programme is based on a successful model from… ...
    GreensBy Kevin Hague MP
    2 weeks ago
  • No more sweet talk on obesity
    The Government should be looking at broader measures to combat obesity rather than re-hashing pre-announced initiatives, Labour’s Health spokesperson Annette King says.  “While it is encouraging to see the Government finally waking from its slumber and restoring a focus on… ...
    2 weeks ago
  • Government two-faced on zero-hour contracts
    The Government should look to ban zero-hour contracts in its own back yard before getting too high and mighty about other employers using them, Labour’s Health spokesperson Annette King says. “Information collated by Labour shows at least three district health… ...
    2 weeks ago
  • Scrutiny of battlefield deaths should continue
    As New Zealand troops head to Iraq under a shroud of secrecy, the Government is pushing ahead with legislation to remove independent scrutiny of incidents where Kiwi soldiers are killed in hostile action overseas, Labour’s Defence spokesperson Phil Goff says.… ...
    2 weeks ago
  • Damp-free homes a right for tenants
    Labour is urging tenants to use a little known rule which gives them the right to live in damp-free rental homes. Otago University researchers have today highlighted the Housing Improvement Regulations 1947 as a way tenants can force landlords to… ...
    2 weeks ago
  • National must take action on speculators
    The Government must take action on property speculators who are damaging the housing market and shutting families and young people out of the home ownership dream, Labour Leader Andrew Little says.  “There are a number of options the Government could… ...
    2 weeks ago
  • Milk price halves: A $7b economic black hole
    Global milk prices have halved since the peak last year, creating an economic black hole of almost $7 billion that will suck in regions reliant on dairy, crucial industries and the Government’s books, says Labour’s Finance Spokesperson Grant Robertson. “The… ...
    2 weeks ago
  • Kitchen plan set to swallow up health boards’ funds
    The financial impacts of implementing a proposal to outsource hospital food, forced on them by a crown-owned company which is now facing an auditor-general’s inquiry, are being felt by district health boards across the country, Labour’s Health spokesperson Annette King… ...
    2 weeks ago
  • Reserve Bank scathing of Government
    The Reserve Bank’s most scathing critique to date of National’s inability to handle the housing crisis shows the Bank is sick of having to pick up the pieces, Labour Leader Andrew Little says.  “John Key continues to deny there is… ...
    2 weeks ago
  • Time for McDonald’s to upsize work hours
    Labour is calling on McDonald’s to have more respect for their workers and offer them more guaranteed work hours. McDonald’s is proposing to guarantee its workers 80 per cent of their rostered hours, Labour’s spokesperson for Labour Issues Iain Lees-Galloway… ...
    2 weeks ago
  • Brownlee misses the boat on asbestos
    Gerry Brownlee has once again missed an opportunity to improve the lives of Cantabrians post-earthquakes, Labour’s Canterbury Earthquake Recovery spokesperson Ruth Dyson says. A new report from the Royal Society of New Zealand and the Prime Minister’s Chief Science Adviser,… ...
    2 weeks ago
  • Government must come clean on troop deployment and protections
    New Zealanders deserve more than to hear about their troops’ deployment overseas from Australian media, Opposition Leader Andrew Little says. “News from Australia that Kiwi troops are on their way to Iraq this week is another example of the culture… ...
    2 weeks ago
  • Cancer prevention calls gain momentum
    Research showing bowel cancer treatment sucks up more public health dollars than other cancers once again highlights the need for a national screening programme, Labour’s Health spokesperson Annette King says. A study by Otago University, which found colon cancer is… ...
    2 weeks ago
  • Burger King shows zero-hour contracts not needed
    The abandonment of zero-hour contracts by Burger King is further evidence good employers do not need to use them, Labour’s spokesperson on Labour Issues Iain Lees-Galloway says. "Congratulations to the Unite Union and Burger King for settling an employment agreement… ...
    2 weeks ago
  • Kiwis deserve more than reheats
    The Government looks set to rely on regurgitated announcements for this year’s Budget if today’s speech is anything to go by, Labour Leader Andrew Little says. “National has been building up to this Budget for seven long years, promising a… ...
    2 weeks ago
  • Landlords not cashing in on insulation schemes
    The fact so few landlords have taken up the generous taxpayer subsidy for retrofitting shows it is time to legislate minimum standards, says Labour’s Associate Housing spokesperson Poto Williams. “Many landlords aren’t using Government insulation schemes because they don’t want… ...
    2 weeks ago
  • Zero excuses, end zero hour contracts now
    It’s time Workplace Relations Minister Michael Woodhouse cut the weasel words and banned zero hour contracts, Labour Leader Andrew Little says. “Michael Woodhouse today acknowledged zero hour contracts are unfair. ...
    2 weeks ago
  • We’ve reached Peak Key with ‘artificial target’
    John Key’s attempt to redefine his cornerstone promise of two election campaigns as an artificial target suggests his other promises are works of fiction, says Labour’s Finance spokesperson Grant Robertson. “For seven years and two election campaigns, John Key has… ...
    2 weeks ago
  • Top 10 need to know facts on climate change
    All the numbers and stats around climate change can be confusing, so we’ve put together a handy list of the top 10 numbers about climate change that we should all know- and then do something about. You can sign up here to… ...
    GreensBy Frog
    3 weeks ago

Public service advertisements by The Standard

Current CO2 level in the atmosphere