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How much is $50,000,000?

Written By: - Date published: 8:48 am, April 17th, 2010 - 93 comments
Categories: john key - Tags: ,

From time to time you hear mention of John Key’s personal fortune of $50M. If you say fiftymilliondollars quickly enough it doesn’t sound that much, especially in the context of politics where most budgets come in factors of millions anyway. But as a personal fortune, that amount of money needs some context to really appreciate just how much it is. As John’s a man of the people, in touch with the struggles and needs of everyday Kiwis, I got to wondering what sort of everyday costs that sort of cash would buy you.

Housing
With $50M John could buy 125 average kiwi homes at $400k a piece. That means John could buy enough houses that if he visited a different one of his homes every week, it’d take him nearly two and a half years before he would have seen all the houses he owned.

Cars
Being an everyday kind of bloke, let’s assume John has simple tastes in cars and would go for the trusty Toyota Corolla. With $50M John could buy himself 1190 Corollas at $42,000 each. That means if he used a different one of his cars every single day of his life starting from today, it would be July 2013 before he’d tried them all.

Groceries
If a typical Kiwi family of four watches its pennies, as we’re supposed to do, and spends $250 per week on groceries, John’s $50M means he could buy a week’s groceries for 200,000 families. Or he could buy all the groceries for an entire year for 3846 families.

Whiteware
I’m struggling to buy a new washing machine at the moment, if you look around you can get one for about $600. For $50M John could buy a little over 83 thousand washing machines. So even if John had some kind of germ phobia that compelled him to wash his shirt, pants, socks and undies all in separate machines, he could use a different washing machine for each of those garments every day for the next 57 years.

Savings
Savings really make sense when you’ve got $50M. The simple interest on that much money at a meagre 5% would be $2.5 million per annum. Of course John isn’t silly with his own money so he’d get more than 5% and the interest would be compounded so let’s round it up to a conservative $3 million per annum. That means John’s little nest egg would be earning him $8,219 in interest every day, or $342 for every hour of every day and night.

Average Income
Let’s say the average income is $50,000 per annum. Just the interest John makes on his personal fortune is equivalent to the entire year’s gross earnings of 60 average Kiwis. Of course the principle of $50M is equivalent to an entire year’s gross earnings of another thousand average Kiwis.

Charity
You know those ‘Dollar a Day’ ads that ask for people to donate $30 a month to help save the life of a child? Well at that rate and with $50M, John could provide the money to keep 2,739 of those kids alive for 50 years each.

I could go on, but yeah… sure is a lot of money for one ordinary everyday Kiwi to have all to themselves. Makes me wonder if John could even begin to comprehend what it feels like to worry about the power bill. Somehow I get the feeling that when your personal fortune is making you more than $8,000 a day just in interest, you might be pretty relaxed about a global recession and soaring unemployment.

93 comments on “How much is $50,000,000?”

  1. I think Key’s sunny, relaxed outlook has more to do with the absence of a credible opposition party than his ability to buy 83,000 washing machines.

    • Eric C. 1.1

      Agreed, but here’s what makes me wonder. Key was reported to have $50 million when he returned from overseas to run for National. That was in 2001. It is 9 years later and he still only has $50 million. Sure there was a crash and all that, but the $50 million was the story before and after the crash and a lot of those losses from a year or so ago have been recouped.

      So, where is his money? What is it in and is he really that bad with his money that he can’t make more over a 9 year period?

      Good on him if he did, but there is something very fishy about the story of his wealth.

      • So, where is his money? What is it in and is he really that bad with his money that he can’t make more over a 9 year period?

        1. Most of Key’s wealth is in his property holdings and his blind trust.
        2. When I worked in the finance industry a perpetual topic of conversation was the amount of money you’d need to retire on, if you could put it in very low risk investments and still make enough of a return post inflation to live in luxury for life. $20 million was the amount that most people agreed upon, Key has more than double that, but if I were in his position that’s what I’d have done with my cash. Also, for the past four years he’s been leader of the opposition and then PM, so presumably he’s been fairly busy with things other than growing his personal wealth.

        • Eric C. 1.1.1.1

          No if you add up the value of his properties, the ones we know of any way, you’d be lucky to reach $20 million. So, most of his money is not in property. Nice try though.

          • Danyl Mclauchlan 1.1.1.1.1

            Speaking of nice tries, try reading to the end of the sentence:

            “Most of Key’s wealth is in his property holdings and his blind trust.”

            • Eric C. 1.1.1.1.1.1

              Oh, I see. Sorry. But still $50 million in 2001 and $50 million in 2010?

              He must be spending a hell of a lot on those 6-8 weeks of annual leave to keep it at that level, because working for the nation doesn’t cost him anything.

              What’s your source for the amount in his blind trust?

              • ghostwhowalksnz

                It seems that only his NZ investments are in the blind trust. I would say he would many US stocks and would actively manage them, he has the contacts to advise him

    • ghostwhowalksnz 1.2

      Here we go again! From his ivory tower Danyl sees only sunshine from Keys government and clouds for the opposition.
      You should get out of the ‘beltway’ more often – no not to the vineyards of Martinborough or the beaches of Nelson

  2. john 2

    I know Christianity isn’t cool anymore, but the only people Jesus really got angry and physical with were the money changers in the Temple,he was onto something, like John Key made his money as a money trader, which I’m sure is manipulation without producing anything of value to society at all. These sorts of people are the biggest bludgers of all time. And they think they’re fantastic for doing it that way, believe me!

    • tsmithfield 2.1

      John, they are just providing a service for those that have a need. Anything wrong with that?

      • Stacktwo 2.1.1

        That is exactly the excuse given by loan-sharks, slum-lords and drug pushers.

        • M 2.1.1.1

          how about dairy owners? electricians? aren’t they just providing a service for those that have a need? are they like slum-owners and drug-pushers too, because they charge for the service people want and they provide?

          and who, exactly, should be providing loans to people who need them, completely free of charge (therefore not accepting a wage or salary for their occupation), and wearing the the risk (and corresponding financial burden) that they’ll never pay the loan back?

      • Draco T Bastard 2.1.2

        When it produces nothing of value? Yes.

  3. tsmithfield 3

    An article based entirely around naked envy and the tall poppy syndrome. Perhaps it would be better if we tried to emulate successful NZers rather than trying to knock them back down all the time.

    “Makes me wonder if John could even begin to comprehend what it feels like to worry about the power bill.”

    Well, given his well publicized background, he probably does have some idea.

    • MikeG 3.1

      It’s not often I agree with tsmithfield, but I do this time. I think that the post says more about the author than the subject.

    • Michael Foxglove 3.2

      tsmith – If you really think the market creates a good indication of “success” then there’s probably no point trying to argue with you.

      A genuine question for you: At any given time, how many of the four million people in New Zealand could make $50m by speculating on the money of others? I think, maybe ten. The rest of us need to be concerned with real production, offering services, and community work in order for those ten people to speculate on our money.

      You see, real wealth requires production and services. Those who produce nothing are worth nothing to our economy. Key has done nothing create real wealth, and is surely even in the eyes of classical economist, a failure.

      • TightyRighty 3.2.1

        You see Michele, Real wealth needs the infrastructure to create it. When the banks lend money to start up business, they are really speculating with other peoples money. When the government gives out money to whatever, it is speculating with other peoples money. your mortgage? that’s the bank speculating with other peoples money. Now while many mortgage managers won’t make $50,000,000 with their DCA, the theory is the same. So to create real wealth, someone has to speculate, somewhere, sometime. Probably using other peoples money. I know the left are economically illiterate, but really, to let it manifest itself into envy? that is just sad and ignorant.

        • Draco T Bastard 3.2.1.1

          Actually, it’s that the right are economically delusional. The bank, just like Jonkey, isn’t making any wealth either.

          • TightyRighty 3.2.1.1.1

            I’m sure all those hard working people who have scrimped and saved and then entered into a partnership to buy a house with a bank mortgage would think they are creating wealth. but DTB, you ideology is always right, depsite the fact that most die hard lefties have little wealth. hmmmm what a conundrum.

    • Eric C. 3.3

      That’s if you buy those stories about his background.

      I don’t, but even if you do, his family was not your usual family on a benefit. His parents were well educated and came from wealthy backgrounds. When the family fell on hard times, the taxpayer was there with housing and generous benefits, much more generous than today. His mum got back on her feet and worked hard and his older sisters would have worked too. I’m sure his mother had a very rough life, but little John Key would not have suffered for much.

      It’s wonderful that he was so lucky, but let’s get over this Oliver Twist version of Key’s childhood.

      • This is true , he was not what one would call on his bare bum. Although he was from a refuge family there were members of his family who were wealthy and no doubt helped. The fact is that he was an only son in a Jewish family . Jewish tradition favours the son especially the only son. everything would have been done for him ,In fact the family would have revolved around him. What I would like to know is just how long he lived in a State house. Mazel Tov!

    • tsmithfield, that would be the talkback cliche response.
      i’m not talking about tall poppies, i’m talking about excessive private wealth of absurd proportions, and what that does for a person’s ability to empathize with and truly represent the interests of ordinary kiwis.

  4. ianmac 4

    tsmithfield: What a funny position to take in saying being rich equates to being successful. There are a few very rich people who see being rich is an opportunity to contribute to those in need. Gareth Morgan springs to mind. There are others who buy very expensive houses, buy positions, and exude materialism.
    There are other people who are very successful as human beings and are very poor.
    Then the question of how wealth has been obtained. Personally I despise the wealth of people like Key, Fay, Ritchwhite, or that sad chap who buys women and uses his money to try and destroy Winston Peters.
    Tall poppies? More like noxious weeds!

  5. Perhaps it would be better if we tried to emulate successful NZers rather than trying to knock them back down all the time.

    Im in need of a few successful NZers to emulate. Maybe you could list some i could try to be more like ?…cheers

  6. Michael Foxglove 6

    Nice post Sprout. Makes it very clear exactly how disconnected someone like Key must be from everyday jokers. No wonder he’s so “relaxed” about all the problems Kiwis are facing.

  7. Stacktwo 7

    I have to disagree with tsmithfield. The issue of the widening gap between rich and poor is one of the major issues of our time. And a larger issue in NZ than in most places – What are we? 23rd in 30 OECD countries in terms of inequality?

    Key’s $50,000,000 came from somewhere, for what? It is not naked envy that makes us look askance at the completely unjustified rewards that people like Key amass for pulling financial strings. It is the obscenity of someone having sucked so much out of ordinary working families coming back to New Zealand to bash beneficiaries.

    This is not a tall poppy. This is a tall poisonous weed.

  8. deemac 8

    @tsmithfield: I’d love to know what “service” currency speculators provide!
    Except possibly to the obscenely rich to become even richer.

    • Marty G 8.1

      liquidity and efficient allocation of capital they would say. But then you just have to point out that they and their speculating mates are the cause of nearly every national and international economic disaster in the last few hundred years.

  9. ianmac 9

    Just read in John O’Farrell’s book that 8 year-old James Harold Wilson had been photographed by his dad standing on the steps of Number 10 Downing Street.
    On his becoming PM reporters asked of the photo of the 8-yearold Wilson, was that when he had decided to become PM?
    “Well no,” said the PM.
    So the Press printed that it was then, because it made a good story. Wilson was happy to let it run. Connections anyone?

  10. Shona 10

    Oi ! PollyWog here’s a short list of great kiwis /innovators , many of them world beaters, for you to emulate and start developing some real knowledge of this country’s people before youu slag us off again.
    Sam Neil, Edmund Hillary, Apriana Ngata, Princess Te Puea, Ray Avery, Chris Laidlaw,Jim Salinger, Mat Rata, Kiri Te Kanawa,Sir Archibald McIndoe. Sir Ernest Rutherford, William Pickering, Alan MacDiamard, John Clarke, Janet Frame, Beatrice Tinsley, Brian Barrat-Boyes,Whina Cooper, Ian AthField,Charles Upham,Tamati Waka Nene, Keith Park, Jane Campion, Sonja Davies.

    • pollywog 10.1

      Slow ya roll there Shona…besides the fact i wasn’t talking to you, no ones slaggin’ you off ya silly moo.

      I know of the achievements of most of them and its not a bad list. I was more intereseted in hearing who TS thought i should strive to emulate…but thanx anyway

    • ianmac 10.2

      Well done Shona! Great list. And certainly all those are to be admired for their successes. Makes us proud.
      But you have accidently put a nail in John Key’s coffin. He would not fit into that list as one to be admired because he was a maker of money out of money, rather than an artist, writer, scientist, musician, mountaineer etc.

      • prism 10.2.1

        TS “An article based entirely around naked envy and the tall poppy syndrome. Perhaps it would be better if we tried to emulate successful NZers rather than trying to knock them back down all the time.”

        I think that TS was talking about being successful as in making a lot of money and having lots of property. The sort of success that is recognisable to National Party eyes.

        Doesn’t really matter what you do, when sprayed with gold all look alike. Just don’t spoil it by not understanding how to maneouvre round the law when you are moving the money in your direction or the golden shower could get chipped (though unlikely to be lost completely).

  11. It’s interesting to compare Key with another state house boy of a similar age – Stephen Tindall. Through the Warehouse chain, Tindall has created thousands of NZ jobs, directly & indirectly & has established the Tindall Trust to advance environmental & socially desirable programmes.
    The National Party has put out the lie that Key donates his PM’s salary to charity, but when asked who the charities were, all Key could say was that he once gave $30k to the National Party. The National Party may be a basket case, but it’s not (yet) a charity.
    Nothing wrong with being ambitioius, but to accumulate $50M in a personal fortune smacks of pathalogical greed.

  12. prism 12

    Key and his like carefully accumulating pots of money probably fits into a theory of natural forces at work. Everything uses something else – if we could be more like bees getting pollen and honey from tall poppies we would have a type of virtuous circle.

    But the model is more of predatory insects like fleas and leeches sucking off the body of society. Leeches have been found to have uses that can provide a positive service to people, under proper controls. So the conclusion could be that to get useful outcomes for us all we need to tightly control these financial entrepreneurs as they follow their natural bent. Recent financial market meltdown an example of not doing that.

    Hear Goldman Sachs now on the carpet – but I guess their carpet is shag pile! Past interesting item on Bear Stearns refusal to co-operate with Poulson’s mortgage and hedge fund bidding “we didn’t think we could sell deals that someone was shorting on the other side”. (deepcapture.com 20/1/10)

  13. Marty G 13

    The average full time wage is about $48K. But what you really want to look at is the median income of all adults – $28K.

    Key’s interest at your rough estimate is over 100 times that and the wealth he owns is worth another 1500 median incomes

    by the way, the median income has decreased under Key

  14. sean14 14

    “Makes me wonder if John could even begin to comprehend what it feels like to worry about the power bill.”

    If that’s your criteria for being Prime Minister, you just have been disappointed in Helen Clark, too.

  15. Nick C 15

    Wow this post is kind of creepy. Envy much?

    • Marty G 15.1

      It’s not envious to be angry that one person has so much when most people have so little. It’s disgust at the economic system that created it and its disgust at those who have exploited it and its disgust at Key for failing to do anything for the underclass he used to talk about.

      ‘envy’ is one of the right’s lines like ‘pc’ that they use for want of an argument.

      • sean14 15.1.1

        Will you post on the alternative economic system you would prefer?

        • Marty G 15.1.1.1

          sean14. we’ve posted endlessly about taming capitalism and non-capitalist solutions. Personally, I like anarcho-syndicalism as the basis for the means of production ultimately but starting with more co-ops. I like the Georgist model of land ownership. I think there’s real opportunities even now for deepening democracy and making it more genuinely multi-tier.

          Where I differ from someone like Bill, whose a very good commentator who keeps us honest, is that I see those as desirable but a long way off and a lot of intermediate steps need to be taken along the way.

          • Bill 15.1.1.1.1

            Oi!

            Hope you’re not implying that I subscribe to a ‘spontaneous raising of the conciousness of the masses’ messianic type of politics there Marty.

            Just in case, here’s my rant….

            Incrementalism is the only non-godly way forward ( if I can put it that way), but each incremental step should be fully inclusive…and no reason why that can’t happen right now… as well as be informed by the long term goal(s).

            Fact is, I don’t see any arriving or any destination as such. All I want to see is common movement…vital movement, not a trudge or a regimented march…towards an ever changing horizon.

            My beef is that currently, most of us are deliberately ( and meekly!) sidelined in this stepping forward process; this so-called incremental change… which often means that as a stepping forward is taken, a stepping on is also undertaken….just to keep us in our proper place; that incrementalism is less of a movement forward than a sly shuffle to the side in a bid to preserve the status quo.

            Democracy is either demanded or its not ( presently not). Visions and goals will hopefully always change (notice how under capitalism the goals and aspirations are static variations on an unrealisable theme that just happen to deliver power and control back to those who control the processes while nothing of note changes?). The nature of the process determines the shape of ongoing results. A non-democratic process will yield a non-democratic result. Or put another way, a process that largely excludes us will yield a result that largely excludes us.

            And what is the point in that for any of us?

            Demand democracy now…right now, in all spheres of our lives…and we get both processes and results that are increasingly inclusive and dynamic…real incrementalism!

            Or don’t demand democracy right now and watch our future quietly sicken and fall beneath the twin wheels of climate change and peak oil….not to mention increasingly dictatorial systems of governance as those with privilege seek to hang on to it regardless.

            rant ends

          • sean14 15.1.1.1.2

            Cheers Marty, although I rarely agree with what is written on The Standard I was genuinely asking for info, so thanks.

        • Bill 15.1.1.2

          Here you go sean14. Enjoy the read. Would be really interested in hearing your take on it when you’re done.

          http://www.zcommunications.org/zparecon/pareconlac.htm

  16. Bill 16

    The 50 Million Dollar Man is an emotional cripple…or have you all forgotten? And the 50 million still doesn’t suffice as compensation it seems…now he needs to be PM, now he needs more $$$, now he needs ???

    So he’s welcome to his millions.

    What is unconscionable is the material deficits that are the life long lot of however many people because of the mal-distribution of market driven capitalism. By focusing on individuals and their personal wealth rather than the systems they benefit from, they can acquire a mystique and a power in some peoples’ eyes ( Wow! How’d he get so rich! He must be awesome man! Fuck, wish I could do what he’s done!) while bullshit jealousies can get aroused in others. All pretty pointless at best. Counter productive at worst.

    The fact that John Key isn’t an every day ordinary Kiwi is only superficially to do with his money. The money comes as a result of his much more important drive to deal with and compensate for his deficit on the humanity front. Our economic and political systems aid and abet him and others like him to do this in a generally destructive fashion. He and they don’t just get rich in a vacuum. Not that you’d know when the focus is personal.

    If the focus is to be personal, then ffs focus on aspects of the individual that will not and can not generate respect or lead to people seeking to emulate or achieve what you highlight.

    John is sociopathic.

    Read the hagiography from the pre-election Herald if you have doubts and get this man removed from levers of power by all means. But banging on about his wealth when every bugger and their dog wants to get rich just won’t achieve anything on that front.

  17. prism 17

    Nick C and sean 14
    Important things are being discussed on this blog and I guess that might seem a bit creepy to you. Trying to understand anything involves lots of creepy thinking.

  18. Bored 18

    My creepy thinking is that we take the $50 million of behalf of John and deliver a cycleway which we will in gratitude name after him.

  19. Shona 19

    Thanks for that Bill. I Googled sociopath and got this.
    Feel free to tick the traits.
    Profile of the Sociopath.
    • Glibness and Superficial Charm
    • Manipulative and Conning
    They never recognize the rights of others and see their self-serving behaviors as permissible. They appear to be charming, yet are covertly hostile and domineering, seeing their victim as merely an instrument to be used. They may dominate and humiliate their victims.
    • Grandiose Sense of Self
    Feels entitled to certain things as “their right.”
    • Pathological Lying
    Has no problem lying coolly and easily and it is almost impossible for them to be truthful on a consistent basis. Can create, and get caught up in, a complex belief about their own powers and abilities. Extremely convincing and even able to pass lie detector tests.
    • Lack of Remorse, Shame or Guilt
    A deep seated rage, which is split off and repressed, is at their core. Does not see others around them as people, but only as targets and opportunities. Instead of friends, they have victims and accomplices who end up as victims. The end always justifies the means and they let nothing stand in their way.
    • Shallow Emotions
    When they show what seems to be warmth, joy, love and compassion it is more feigned than experienced and serves an ulterior motive. Outraged by insignificant matters, yet remaining unmoved and cold by what would upset a normal person. Since they are not genuine, neither are their promises.
    • Incapacity for Love
    • Need for Stimulation
    Living on the edge. Verbal outbursts and physical punishments are normal. Promiscuity and gambling are common.
    • Callousness/Lack of Empathy
    Unable to empathize with the pain of their victims, having only contempt for others’ feelings of distress and readily taking advantage of them.
    • Poor Behavioral Controls/Impulsive Nature
    Rage and abuse, alternating with small expressions of love and approval produce an addictive cycle for abuser and abused, as well as creating hopelessness in the victim. Believe they are all-powerful, all-knowing, entitled to every wish, no sense of personal boundaries, no concern for their impact on others.
    • Early Behavior Problems/Juvenile Delinquency
    Usually has a history of behavioral and academic difficulties, yet “gets by” by conning others. Problems in making and keeping friends; aberrant behaviors such as cruelty to people or animals, stealing, etc.
    • Irresponsibility/Unreliability
    Not concerned about wrecking others’ lives and dreams. Oblivious or indifferent to the devastation they cause. Does not accept blame themselves, but blames others, even for acts they obviously committed.
    • Promiscuous Sexual Behavior/Infidelity
    Promiscuity, child sexual abuse, rape and sexual acting out of all sorts.
    • Lack of Realistic Life Plan/Parasitic Lifestyle
    Tends to move around a lot or makes all encompassing promises for the future, poor work ethic but exploits others effectively.
    • Criminal or Entrepreneurial Versatility
    Changes their image as needed to avoid prosecution. Changes life story readily.
    ________________________________________
    Other Related Qualities:
    1. Contemptuous of those who seek to understand them
    2. Does not perceive that anything is wrong with them
    3. Authoritarian
    4. Secretive
    5. Paranoid
    6. Only rarely in difficulty with the law, but seeks out situations where their tyrannical behavior will be tolerated, condoned, or admired
    7. Conventional appearance
    8. Goal of enslavement of their victim(s)
    9. Exercises despotic control over every aspect of the victim’s life
    10. Has an emotional need to justify their crimes and therefore needs their victim’s affirmation (respect, gratitude and love)
    11. Ultimate goal is the creation of a willing victim
    12. Incapable of real human attachment to another
    13. Unable to feel remorse or guilt
    14. Extreme narcissism and grandiose
    15. May state readily that their goal is to rule the world

    • hmmmmmmmm 19.1

      If you’re trying to suggest that Key, or indeed anyone in parliament, is a sociopath or displays true sociopathic tendencies you’ve moved this post and commentary from being a bit of foolish ranting to trueky demented idiocy.

      [lprent: g - you've been getting comments back on the site again because some of them have been interesting and you've been using different pseudonyms. Then you screw up by making comments that are obviously meant to be mistaken as someone else. You're starting to piss me off. I guess I'll just have to move you to spam - like I did with your last two comments.... ]

      • Bill 19.1.1

        I truly suggest you read the hagliography the Herald printed before the election.

        There was not one example of him helping anyone. Not one example of him engaging with society in any meaningful remotely selfless way. Not one example of anyone he looked to as a role model, example or mentor.

        It was all ‘wee boy John’, self contained and self sufficient, propelling himself ever upward in the impersonal cut throat world of international finance and speculation before parachuting down to be ruler of NZ.

        There was not one hint of humanity in the thousands of words printed. Nothing. I commented as much at the time.

    • Bill 19.2

      Ran out of ticks. Don’t know whether to piss myself laughing or shit my pants in fear.

    • Draco T Bastard 19.3

      You posted that without reading it didn’t you? I mean, if you had read it you would have been able to supply the ticks yourself. Just an example:

      Pathological Lying
      Has no problem lying coolly and easily and it is almost impossible for them to be truthful on a consistent basis. Can create, and get caught up in, a complex belief about their own powers and abilities. Extremely convincing and even able to pass lie detector tests.

      When he said he wanted wages to drop he was telling the truth. When he said he was talking about Australia and/or joking he was lying. Then there was the 100,000 shares in rail. He only came clean on that one when he realised that the reporter already knew he had 100,000. Before that he kept up the lie that he only had 50,000.

      • Bill 19.3.1

        No. I read it. And like I said, I ran out of ticks.

        I only had a 20kg sack of them and when they were gone, that was it.

        • Draco T Bastard 19.3.1.1

          I wasn’t replying to you but to Shona.

          • Bill 19.3.1.1.1

            a-hem. That would have been my number 14 getting in the way there I guess.

          • Shona 19.3.1.1.2

            DracoT B, I did read it and was gobsmacked at how many of the traits listed described our PM. Until today I had no idea of how to define /describe a sociopath. That’s why I read the Standard,it’s so frequently illuminating. Cheers!

    • ianmac 19.4

      Though John did show deep genuine emotion on Election Night as he marched into the hall flanked by bodyguards, (No 5?) and laughed hysterically at the cleverness of his win. Unless that is part of No 14?

    • aj 19.5

      Shona 1:16pm

      You are describing Tiger Woods

  20. Nemesis 20

    So funny to see you guys get bothered and obsessed about Key’s wealth.

    John Key didn’t make his money off the taxpayer. Same can’t be said about Helen Clark (worth at least $5 million) and Phil Goff (worth a couple of mill).

    When it comes to understanding the needs of ordinary New Zealanders I would rather have somebody who has earned their money through hard work, has a family and raises kids, and is able to engage with ordinary people than somebody who has been a career politician getting fat off the state all their lives.

    I see John Key at the supermarket shopping a lot. Doubt Goff ever does that except for photo ops.

    • Draco T Bastard 20.1

      John Key didn’t make his money off the taxpayer.

      It seems that Jonkey had his hand in the 1987 crash that badly affected NZ as well as the latest GFC (he was in charge of derivatives at Merryl Lynch in the correct time period). On top of that he hasn’t produced anything of value at all, ever – he’s only ever destroyed.

      I would rather someone who understands how to create wealth rather than someone who got very well rewarded for making someone else richer at everyone else’s expense.

  21. Gooner 21

    Helen Clark is a multi millionaire.

    I don’t see your green envious concern about that.

    • Draco T Bastard 21.1

      I hold all millionaires in the same contempt because they’ve all used the same exploitation to get there. HC does have a redeeming factor though – when in government she actually tried to help the society to be better while Jonkey and the rest of NACT are doing their damnedest to make things worse.

  22. tsmithfield 22

    Just a couple of points to respond to a number of similar criticisms of my earlier post.

    Firstly, currency traders actually do a valuable service. Some people like to hedge their positions (exporters for instance who want the certainty of a fixed exchange rate). Hedgers want certainty, not necesarilly the optimal return. On the other side of those trades are the speculators, who like to try and make money by predicting the direction currencies are likely to go. So, without the speculators it would be difficult for exporters to hedge. In fact, it is possible for those on both sides of the trade to be happy. So, it is incorrect to assume that speculators are lower than leeches.

    Secondly, being successful in your chosen career is certainly a fair measure of success. If that makes you incredibly rich in the process, then so be it. Of course, taking opportunities to do good with what you have is even better. But, you are making big assumptions assuming that JK isn’t doing that also. For instance, it has been well known that he donates a good part of his salary as PM.

    • the sprout 22.1

      the depth of your false consciousness is touching

    • Pascal's bookie 22.2

      “For instance, it has been well known that he donates a good part of his salary as PM.”

      Good on him if he does. But it’s far from well known. In fact every time that comes up someone asks for a cite to anything even suggesting that it’s true. The best anyone has come up with a is a promise, at about the same time he was promising north of fifty bucks a week to the average wage earner.

      Seeing your claiming ‘knowledge’, (though strangely in the past tense; what the fuck is that all about?), be a good chap and provide the clincher.

    • Pascal's bookie 22.3

      On the great and glorious bankers who are not leachers oh no, not them. I see the great survivors Goldman Sachs are getting sued, presumably out of nothing more than envy and spite. I see also that the architecture is having to be redone around just what these great and good are allowed to do, again presumably out of nothing but mean hearted jealousy.

      • tsmithfield 22.3.1

        Here is an excellent article on the Goldman situ.

        http://seekingalpha.com/article/199196-goldman-the-sec-and-the-new-face-of-wall-street

        As I understand it, the issue is lack of disclosure, rather than the use of specific instruments. Of course, disclosure is an important consideration in many contracts.

        • Pascal's bookie 22.3.1.1

          No shit there were some disclosure issues.

          Holy jeebus on his angry stick mate. ‘Not so much the instruments as a lack of disclosure’. That’s like saying Jonny McStabby’s problem with the law is not so much the sticking the knife in someone’s throat, but the failure to gain consent. Or that I didn’t kill ‘im, it was the blood loss m’lud.

          They were selling shit they knew stone cold was rotten. The guy that was providing them the shit to sell, was betting against it being any good. They knew this. They then sold it as good.

          What’s excellent about that picerno piece?

          If you ain’t reading Felix Salmon on this, you should be.

          http://blogs.reuters.com/felix-salmon/2010/04/16/goldmans-reputation-in-tatters/

          While you’re there, check out the pitchbook Goldman was selling the toxic with. No mention there of anything much that investors might need to know.

          And watch him dissect GS latest spin:

          http://blogs.reuters.com/felix-salmon/2010/04/16/parsing-the-new-goldman-statement/

          If the word “Paulson’ isn’t included in the section about “extensive disclosure’, then I don’t think the disclosure can be considered to be extensive. The point here is that neither IKB (which really wasn’t that sophisticated) nor ACA was told by Goldman that this synthetic transaction — which, yes, necessarily includes a short side — was actually architected by that short side. Paulson stacked the deck by giving ACA a pool of toxic assets to choose from, without revealing that they were short. Goldman knew what Paulson was doing, and was complicit in the silence. That’s not “extensive disclosure’, chaps.

          seriously though, Salmon is the shizzle on this stuff. Bookmark him, he’ll make you smarter.

    • ghostwhowalksnz 22.4

      Ive heard this many times that he ‘donates’ a good portion of his income as PM.

      Yet we have no actual figures on where it goes, except of course his annual donation of $30,000 to the coffers of the National party. ( which is publically released every year) Of course Hhelen donated to the labour party every year too, but I bet she didnt big note that and her other donations

  23. Lucy 23

    I read somewhere that Key’s mother was a labour supporter so she knew what hard times were. Apparently they used to argue politics. So whatever his mother’s struggle didn’t rub off on him.

    I would advise everyone to go look at a film on PBS called “The Warning”. You can watch it online at the link below.

    http://www.pbs.org/wgbh/pages/frontline/warning/

    It is about derivatives one of Mr keys main areas of expertise. They go right back to the Bankers Trust fraud of 1993 when Key was head of the NZ branch. Bankers trust were sucessfully sued by Proctor and Gamble for fraud in selling them derivatives. Yes back in 1993 derivatives were toxic and this is our great financial mistros claim to fame, his expertise in an area that has bought the worlds economy to its knees.

    While Key was on the foreign exchange committee of the Federal reserve of New York there was a letter sent ( you can see it on the Feds Website) to congress co-signed by the committe on which Key served, advising them not to regulate derivatives. Non regulated or Over The Counter (OTC) derivatives had already collapsed a large financial institution “Long Term Capital Managment” and could have taken the US economy down because no one new about the problem. Why didn’t they know. Becuase there was no regulation of OTC derivatives. They were a completely dark market.

    So why after an obvious near collapse of the worlds economy in the late 90s did Keys “Foreign Exchange Committee” recomend the timebomb be left to tick away. It must have been clear to even those who don’t understand derivatives that large investments ( at that stage about 40 trillion) affecting and endangering the whole financial system should be regulated so that danger to the worlds economy can be seen comming.

    If key has done nothing criminal (that we know of ) he is guilty of incredibly bad judgement and he like most of the bankers is not paying the price. The millions in America now living on the streets who we never see on TV are paying for his bad judjment or at the very least his silence when his committee urged the US congress to pass the “Commodities Futures Modernisation Act” which prevented regulation of derivatives and allowing the problem to grow to insurmountable levels approx 600 trillion or 10 times the size of the world markets.

    • tsmithfield 23.1

      Lucy, just a couple of points.

      Firstly, it wasn’t the use of derivatives that caused the crash. The use of derivatives may have sped-up and exacerbated it. However, it was not the cause. The cause was the incredible amount of over-leveraging that has occurred in both public and private sectors to keep the western lifestyle alive and well. Guess how they’re fixing it. More over-leveraging. Guess how that is going to end in a few years from now. And the next bubble will eventually burst whether there are derivatives or not. Remember, there wasn’t the degree of sophistication in derivates in the crash that triggered the great depression.

      Secondly, derivatives are not inherently good or evil. I am not familiar with the type of derivatives you refer to. However, I do trade in options which are derivatives of shares. These options (call and put options) can be used as inexpensive insurance for mum and dad investors to protect their share investments (e.g. through put options), or as low risk ways to generate extra income from their shares (e.g. covered calls). On the other hand, speculators get plenty of leverage to generate good profits if we get it right (not so easy to do).

      So, on one side of the trade there is often someone wanting to get cheap insurance to protect their investments, or make some low-risk money on existing shares. On the other side of the trade are speculators betting in the opposite direction. You see, every one can be happy. Except of course the speculators who get it wrong.

      • the sprout 23.1.1

        what caused the crash was a lack of regulation and an excess of greed

        • tsmithfield 23.1.1.1

          Here is a hint at what was at the root cause of the crash:

          http://seekingalpha.com/article/198348-another-month-another-huge-deficit

          Now the right-hand end of that graph is very scary. But what I want you to look at is the rest of the graph. How often since the early seventies has the US actually been running a surplus? Imagine that scenario multiplied across multitudes of other economies. Similar behaviour with private citizens using the “increase in value” of their houses as cash machines to fund life-styles they couldn’t really afford. This sort of behaviour over many years has left economies incredibly vulnerable. Sure, opportunists might be motivated by greed to take advantage of the situation. However, if the situation had never developed, they wouldn’t have had the opportunity in the first place.

          Heres another hint. All that “money” tied up in derivatives, shares etc never actually existed in the first place, and still doesn’t exist other than in peoples brains. I’ll demonstrate what I mean using shares as an example. Say the current price of shares for a given company is $5.00 and there are $10,000, 000 of them. Does that mean we can calculate the worth of the company by multiplying $5 by $10,000,000? No. Because most of it is speculative value only. If all those shares were dumped on the market at once, the value would crash back down to their actual intrinsic worth.

          Welcome to the world of fiat currencies and speculation and imaginary value.

          • Draco T Bastard 23.1.1.1.1

            And yet he still thinks that the economy as it’s run is viable…

            • tsmithfield 23.1.1.1.1.1

              Can’t change the economy. All we can do is adapt to it.

              • Draco T Bastard

                Yes, actually, we can and should change the economy to one that’s based upon reality rather than having one that’s based upon the delusional rantings of the neo-libs and the conservatives.

              • exactly. markets are there to serve people, not the other way around.

  24. Jimmie 24

    For all the lefties envies here, instead of moaning about John Key’s personal wealth , how about bettering yourselves, getting off your benefits and using some initiative to help you and your families to get off the poverty line.
    Frek why do lefties always expect others to do things for them. Work hard for due reward that is how things should work in the real world. And the state should grab as little tax off your hard work as is necessary.
    The socialist fantasy of the ‘people’ working so that mother state can benefit all is a myth that was exposed in the failed USSR and Eastern Europe.
    If you are poor and destitute stop looking for handouts and start looking for how you can better your self. If all kiwis did that the country would be at the top of OECD not at the bottom. Get a dictionary and learn what ‘individual initiative’ means.

    • WillieMaley 24.1

      Mindboggling in your ignorance there Jimmie.

    • Draco T Bastard 24.3

      One thing that I learned from a multi-millionaire who became one after spending his life working hard is that working hard will never make you rich. His advice, get a lot of others working hard for you and then you’ll become rich.

      The USSR was, according to scholars, communist for somewhere between 30 and 50 days. It failed because it became a state capitalist.

      It’s very difficult to take the initiative when the resources you need to do so aren’t available (as they’re tied up by the already wealthy).

  25. Lucy 25

    “what caused the crash was a lack of regulation and an excess of greed”

    Yes the lack of regulation was the problem and Key’s Foreign Exchange Committe” supported not regulating derivatives.

    Brooksley Born who headed the Commodities Futures Trading Committee” says at the end of the movie that derivatives are the problem. She topped her very large law class at Stanford and worked in derivatives law for 20 years before she became head of the CFTC. You might like to watch the movie. Its a little on the basic side and pussyfoots around the really big players but a pretty good movie made by the very respectable PBS Frontline.

    • tsmithfield 25.1

      Lucy, derivatives may have contributed to and exacerbated the problem. But they did not cause it. The boulder was balanced on the edge. Derivatives helped give the boulder a push.

  26. It is an obscene amount of money and far more than any individual ever needs. We should stop “celebrating” the wealthy and celebrate instead those whose intention is to ensure that all of our inhabitants have an adequate amount so that they can have a reasonable quality of life.

  27. Pete 27

    I can’t believe you lot. Why not do some work and save something for yourselves rather than both complaining someone else is doing it and hoping they are so you can help yourselves to it.

    What a bunch of self-serving wankers.

    [lprent: You mean work like I've been doing for the last couple of days moving this site to a new server.

    By the look of your comment you just look like another stupid freeloading troll because you are incapable of participating in the debate. Looks like you simply don't have the requisite intelligence to do so. So you leave useless comments like this one. Face it - you're an ignorant luser. ]

  28. Lucy 28

    tsmithfield

    The whole financial system ia a mess I know. However this is what has bought us to the Brink. I see the whole thing as deliberate.

    You are entitled to your opinion but the corruption that has gone on in the OTC derivatives markets is a big problem. Our PM was involved in that which says a lot about his suitability to be PM. He is not respectable and not suitable to be PM. Thats how I see it. The New Zealand Herald has either purposly or mistakenly mislead the public about the attack on the NZ dollar 20 years ago and have no intention of looking at or correcting their article that is obviously wrong about where Key was during that attack on our dollar.

    I spoke with one guy at the Herald about the obvious mistake in their article re the Key timeline and the Guys response was . Why don’t you leave him alone ( Key ) that was 20 years ago. Clearing up the real facts of the case as incorrectly outined in their article giving Key the all clear was pretty obviously something that made the guy I spoke to at the Herald extremely angry. Seems they are only interested in labour or NZ First corruption. We are not allowed to challenge their incorrect story about John Key.
    I wonder if you can take news organisations to court for refusing to look into articles that can be shown not to be correct. It would be good if you could make them address it and print the findings on the front page.
    Theres a new law for the Labour party. Make the news papers address important inaccuricies then publish corrections on the front page.

    Unfortunately there are big salaries ( and not so big ) in television, Newspapers and talkback radio. I guess the corporations who own the news and advertisers here are grateful to Key for the tax breaks.

    How to influence the news. Pay your political pawns big money. Our media personalities know who own them and give them that great lifestyle, those a nice pay packets. And like everyone else they need a job.

  29. tsmithfield 29

    Lucy, as I said, I can’t really comment on these specific derivatives. However, another practice that has been argued has been a major cause of market crashes is “naked short selling”. This involves large institutions selling shares they don’t actually own, forcing down share prices, then buying back the shares at a lower price. Thus, this practice is being considered for regulation. However, research suggests that regulating this practice won’t prevent crashes.

    http://seekingalpha.com/article/193018-short-selling-rules-when-will-analysis-replace-rhetoric

    The issue is that businesses that are the target of these sorts of practices are generally in terminal decline anyway. Short selling merely speeds up the inevitable.

    The practice of naked short selling, for example, would not work too well with a healthy business because it would just create buying opportunities for other buyers. Thus, the price would probably end up going higher, (after a brief decline) and the short seller would end up having to buy most of the shares back at a higher price.

  30. MollyByGolly 30

    “Whiteware
    “I’m struggling to buy a new washing machine at the moment, if you look around you can get one for about $600.”

    Don’t worry Sprout, the budget will announce tax cuts. At $50 a week, it will only take you 12 weeks to pay for your new washer :-)

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    Greens | 31-10
  • ANZ needs to look after its workers after another super profit
    The ANZ bank needs to acknowledge the super profits it makes are coming at the expense of its workers, the Green Party said today.Australia and New Zealand Banking Group Limited (ANZ) 2014 full year results show a lift in performance...
    Greens | 31-10
  • James Shaw’s maiden speech
    Tena Koe, Mr Speaker. I would like to take this opportunity to speak a little of the past, the present and the future. The privilege to serve in this Parliament was given to me by all those who gave their...
    Greens | 31-10
  • Feed the kids members bill
    Education is the best route out of poverty. But hungry kids can't learn and are left trapped in the poverty cycle. Let's break that cycle lunchbox by lunchbox. We can feed the country's hungry kids, if we work together.I have...
    Greens | 31-10
  • Feed the kids members bill
    Education is the best route out of poverty. But hungry kids can't learn and are left trapped in the poverty cycle. Let's break that cycle lunchbox by lunchbox. We can feed the country's hungry kids, if we work together.I have...
    Greens | 31-10
  • National’s “Auckland housing boom” a fizzer
    Falling Auckland consent numbers show the Government’s housing policy is going backwards contrary to wild claims by Building and Housing Minister Nick Smith that we are on the cusp of a massive construction boom, says Labour’s Housing spokesperson Phil Twyford. ...
    Labour | 31-10
  • Job losses major blow to Bay community
    Job losses at Wattie’s Hastings plant will hit families and the community hard, Hawke’s Bay-based Labour MP Stuart Nash and MP for Ikaroa-Rawhiti Meka Whaitiri say. “I know a number of the Wattie’s staff and these job losses will be...
    Labour | 31-10
  • Local job losses major blow to Bay community
    Job losses at Wattie’s Hastings plant will hit families and the community hard, Hawke’s Bay-based Labour MP Stuart Nash and MP for Ikaroa-Rawhiti Meka Whaitiri say. “I know a number of the Wattie’s staff and these job losses will be...
    Labour | 31-10
  • Zero tolerance for forestry accidents a must
    The Government must adopt a zero tolerance approach to workplace accidents in the forestry sector to stop people being killed, Labour’s Forestry spokesperson Chris Hipkins says. “It is time for the Government and the forestry sector to put an end...
    Labour | 30-10
  • Return to less holidays on the cards?
    John Key needs to lay his cards on the table regarding the Government’s intentions around holiday pay and annual leave entitlements, Labour’s Acting Deputy Leader Annette King says. “A day after National pushed through laws that take away the legal...
    Labour | 30-10
  • Forest Safety report first step in making our forests safe to work in
    Our forests are a very dangerous place to work. Between 2008 and 2013 there have been 32 fatalities and more than a thousand serious harm incidents in this industry. The Council of Trade Unions and First union have been doing...
    Greens | 30-10
  • Catherine Delahunty Speaks on the Employment Relations Amendment Bill
    Kia ora, Mr Assistant Speaker. He mihi nui ki te Whare Paremata. Welcome to the glorious 19th century, dressed up in the not-so-new flexibility-speak. At the final moment of this bill, let us drop the charade. The Government has a...
    Greens | 30-10
  • Ruataniwha Feds refuse to present a balanced view
    A bid to sell the Ruataniwha water project to Hawkes Bay farmers has turned in to an incredibly one sided affair, says Labours spokesperson on Water Meka Whaitiri.  “It’s being promoted as ‘Ruataniwha it’s now or never’ and it promises...
    Labour | 30-10
  • Worker’s rights dealt severe blow with Bill’s passing
    The passing of the Employment Relations Amendment Bill is another blow to workers' rights in New Zealand, the Green Party said today.This afternoon, National's Employment Relations Amendment Bill passed with the support of Act and United Future."This bill will force...
    Greens | 30-10
  • Barriers to reporting sex crimes must go
    Both the Government and police need to take action to ensure that, in future, sexual abuse victims know they will be taken seriously, Labour’s Associate Police spokesperson Kelvin Davis says. “The young women involved in the Roast Busters case, and...
    Labour | 30-10
  • Te Wakaputanga – What we did not learn at school
    This week saw the 179th anniversary of the signing of Te Wakaputanga, the Declaration of Independence of the United Tribes of Niu Tireni. Most of us did not learn about this fundamentally critical document at school, we barely learned about...
    Greens | 30-10
  • NZ goes backwards on gender equality
    It is no coincidence that in the same week New Zealand is singled out for going backwards on child poverty under National,  we’ve also dropped in global rankings for gender equality. In one year New Zealand has dropped from 7th...
    Greens | 30-10
  • Kevin Hague questions the Minister of Health on management of Katherine Ric...
    Is he satisfied that all conflicts of interest that arose by the head of Food and Grocery Council Katherine Rich being a member of the Health Promotion Agency were managed in accordance with the provisions of the Crown Entities Act...
    Greens | 30-10
  • Bennett parks numbers on social housing
    Social Housing Minister Paula Bennett admitted today that well over 1000 families have been subsidised through the accommodation supplement to stay in the Ranui campground, somewhere she has previously described as not the right place for children to be growing...
    Labour | 30-10
  • 50,000 sign petition against anti-worker law
    More than 50,000 Kiwis have signed Labour’s petition against the Government’s scrapping of tea break entitlements, Labour’s Acting Deputy Leader Annette King says. “That’s the equivalent of five people signing our petition every minute for a week. It shows the...
    Labour | 30-10
  • Address in Reply Debate – Dr Kennedy Graham on UN Security Council- 2...
    In the Speech from the Throne last week the Prime Minister identified the usual domestic goals for his Government. I counted 17. They are not my subject today. I wish instead to focus on matters beyond our shores. In the...
    Greens | 30-10
  • Climate change harming ocean health
    New Zealand is responsible for one of the largest areas of sea in the world – an area 14 times the size of our land area. The National Government is promising new marine protected areas legislation with a discussion document...
    Greens | 30-10
  • Key misled public over Jason Ede
    Information contained in a new chapter of the book Key: Portrait of a Prime Minister, that Jason Ede stopped working for the National Party on the night the book Dirty Politics was released, shows Mr Key and senior ministers hid...
    Greens | 29-10
  • Greenpeace report highlights better path for NZ agriculture
    A Greenpeace International report highlights a better way forward for New Zealand agriculture than the GE and chemical mutation technologies supported by Federated Farmers, and the National Government through its research funding packages, the Green Party said today. "This report...
    Greens | 29-10
  • BNZ post record profits while leaving savers vulnerable
    A small part of the $850 million record profit posted by the Bank of New Zealand (BNZ) today needs to be set aside to protect savers' deposits in the future, said Green Party Co-leader Dr Russel Norman today.Dr Norman was...
    Greens | 29-10
  • RBNZ U-turn shows monetary settings were wrong
    The Reserve Bank's U-turn on interest rates today shows monetary policy settings were wrong and New Zealanders have suffered unnecessarily through the loss of jobs and having to pay higher interest rates, the Green Party said today.Reserve Bank Governor Graeme...
    Greens | 29-10
  • Ports must take responsibility for shameful death toll
    Port companies must step up and take responsibility for a shameful toll of seven deaths and 133 serious accidents in the past three years, Labour MP Iain Lees-Galloway says. The frightening figures – released by the Rail, Maritime and Transport...
    Labour | 29-10
  • Please help me get my Feed the Kids Bill to Select Committee
    Last week I took over the Feed the Kids Bill that Hone Harawira had introduced to Parliament. If passed, my Bill will provide government-funded breakfast and lunch in all decile 1 and 2 schools. Hungry kids can’t learn and are...
    Greens | 29-10
  • TVNZ Outsourcing Pasifika and Maori Programmes
    I’ve always been a big fan of our state broadcaster and I’ve particularly liked their range of current events programmes. But after Friday’s announcement that TVNZ will be sacking up to 40 staff by contracting out the Pacific and Maori...
    Greens | 29-10
  • Labour urges iwi leaders to meet with National
    Labour’s Māori Caucus has called on iwi leaders and national Māori organisations to seek urgent meetings with the National Government to directly express their concerns about employment law changes which will harm Māori workers. In an open letter sent today...
    Labour | 29-10
  • ACC’s reputation needs fix, not glitz
    Restoring public trust and confidence in ACC will take a lot more than a new communications strategy or social media blitz, says Labour’s ACC spokesperson Iain Lees-Galloway. “Under National, ACC has come to be perceived as insensitive, difficult to deal...
    Labour | 29-10
  • Lessons to be learned from police investigation
    The outcome of the so-called Roast Busters case should not put victims off reporting sexual crimes, Labour’s Acting Deputy Leader Annette King says. “This case has been mishandled from the start. Within days of police initially saying no charges had...
    Labour | 29-10
  • Anti-worker legislation is anti-Pacifica
    The Minister for Pacific Peoples, Peseta Sam Lotu-Iiga, will go down in history as being part of a Government that harmed his own people through anti-worker legislation, says Labour’s Pacific Island Affairs spokesperson Su’a William Sio.  “Pacific people are among...
    Labour | 29-10
  • Five-year tax holiday for overseas tax dodgers
    National has just gifted a five-year tax holiday for foreign companies dodging their tax payments, says Revenue spokesperson David Clark. “Todd McClay has pretended he is doing something about overseas companies dodging their tax duties by joining an international initiative...
    Labour | 29-10
  • Traffic Jam Tax must be given the red light
    Auckland Council’s proposed Traffic Jam Tax could cost some households thousands of dollars a year just to use roads they had already paid for with their taxes and must be rejected, says Labour’s transport and Auckland Issues spokesperson Phil Twyford....
    Labour | 29-10
  • National has chance to show leadership on limos
    The National Party has the opportunity to show leadership by transitioning our vehicle fleet towards renewable electricity when a new contract to supply Government limousines for VIPs goes to tender next month, the Green Party said today. "This is a...
    Greens | 29-10
  • The Māori Party can’t have it both ways over labour laws
    The Māori Party has to fess up over its voting record on the Employment Relations Amendment Bill, says Labour’s Māori Caucus.  “It’s simply not good enough to oppose the bill at the same time  as they helped speed up its progress through...
    Labour | 29-10
  • Equal pay and the aged care sector
    Today the High Court upheld the historic ruling by the Employment Court that our Equal Pay Act could be used to consider work of equal value cases; the government has been telling the UN and ILO that it could for...
    Greens | 29-10
  • Court case perfect opportunity for Government to improve gender pay gap
    If the Government wants to halt New Zealand’s slump in international rankings on the gender pay gap it should act on the court finding that women deserve equal wages, Labour’s Women’s Affairs spokesperson Sue Moroney says. “The World Economic Forum’s...
    Labour | 28-10
  • All Auckland transport options should be considered
    All options for meeting Auckland's transport needs should be considered, including reprioritising the transport budget away from wasteful spending on motorways, the Green Party said today.Auckland mayor Len Brown is today releasing a transport report by the Independent Advisory Board,...
    Greens | 28-10
  • Another report highlights Govt failure on child poverty
    An international report measuring the impact of the Global Financial Crisis (GFC) on child poverty rates, showing children in New Zealand have done worse than children in other countries, is further proof the Government needs to urgently take additional steps...
    Greens | 28-10
  • Address and Reply Debate Part 55: Inequality and Disability
    I rise on behalf of the Green Party to talk about inequality and disability.The recent census showed that nearly one in four New Zealanders lives with a disability—up from one in five in the previous census. These figures include some...
    Greens | 28-10
  • Address and Reply Debate Part 55: Inequality and Disability
    I rise on behalf of the Green Party to talk about inequality and disability.The recent census showed that nearly one in four New Zealanders lives with a disability—up from one in five in the previous census. These figures include some...
    Greens | 28-10
  • Child poverty: No more wake-up calls
    A new report which shows the National Government has made no inroads whatsoever into child poverty should do more than just set alarm bells ringing, Labour’s Acting Deputy Leader Annette King says. “UNICEF’s  latest Innocenti Report Card highlights the fact...
    Labour | 28-10
  • Eugenie Sage speaks in the 2014 Address in Reply Debate
    I congratulate you, Assistant Speaker Mallard, as Assistant Speaker and look forward to your knowledge, your fairness, and your light touch in being a referee of proceedings in this House. I congratulate also the other Assistant Speaker, Lindsay Tisch; the...
    Greens | 28-10
  • James Shaw’s Maiden Speech
    Tena Koe, Mr Speaker. I would like to take this opportunity to speak a little of the past, the present and the future. The privilege to serve in this Parliament was given to me by all those who gave their...
    Greens | 28-10
  • Govt airs real views on public broadcasting
    An admission by the Government that it is happy to experiment with Pacific and Maori audiences shows just how weak its vision for public broadcasting in New Zealand is, Labour’s Broadcasting spokesperson Kris Faafoi says. “National today admitted it doesn’t...
    Labour | 28-10
  • Does Judith Collins have a get out of jail card?
    Former justice minister Judith Collins appears to have been gifted a get out of jail free card based on the Prime Minister’s answers in Parliament today, Labour’s Acting Deputy Leader Annette King says. “Judith Collins claimed in an Official Information...
    Labour | 28-10
  • The Final Fifth: The Last Great Task for Progressive New Zealand.
    MOST OF NEW ZEALAND’S social problems are concentrated among those living at the margins of what is otherwise a relatively wealthy society. Recently released international data on child poverty has exposed an acutely stressed social strata encompassing roughly 20 percent...
    The Daily Blog | 31-10
  • Myth Busting Rape Boasters
    In just one week a case that galvanised a nation into discussing rape culture is now being reframed as mischievous teen hi-jinx. One year ago the Roast Busters case came to the attention of the media and the public. This...
    The Daily Blog | 31-10
  • Workers rights weakened by new laws – fightback needed
    The government’s changes to the employment laws are designed to weaken workers bargaining power – at both the individual and collective level.   30-day rule The old law required an employer with a collective agreement in place to employ new...
    The Daily Blog | 31-10
  • GUEST BLOG: Simon Buckingham – Where are Labour Candidates on disability?
    For the few people who know me (hello Mum), I am proudly New Zealand’s first Autistic Spectrum Lawyer, as well as being the very bottom Candidate on the Labour Party List. (64 out of 64). Being honoured like this is...
    The Daily Blog | 31-10
  • GUEST BLOG: Blockade the Budget
    The ‘Independent’ Police Conduct Authority’s report into the policing of student protests in 2012 is a whitewash The report released by the Independent Police Conduct Authority into the policing of student protests in 2012 is a whitewash riddled with inaccuracies....
    The Daily Blog | 30-10
  • When National claim new anti worker laws provide ‘flexibility’ they mea...
    And so it comes to pass. The first law National ram through as part of their victory march are new anti worker laws they pretend will generate ‘flexibility’. The new law denigrate the unions ability to protect workers and provide...
    The Daily Blog | 30-10
  • City Transport: A Taxing Matter
    This week the prospect of paying tolls on Auckland motorways became a hot topic. (See Mathew Dearnaley:Motorway tolling could hit some hard, NZ Herald, 30 Oct 2014.) As we might expect, the kneejerk response has been quite negative. But, as with...
    The Daily Blog | 30-10
  • Open Letter to Amy Adams: Please Reopen The Review Into Sexual Violence Cou...
    Ms Amy Adams, Justice and Courts Minister, Right now in this country it seems that although rape is illegal, it is not being prevented by the agents who uphold the law. It almost feels like rape is only illegal on paper,...
    The Daily Blog | 30-10
  • MEDIA WATCH: Does ‘No-Surprises’ Also Apply To TVNZ News?
    When you stand back and look at NZ media outlets, most of them have at least one or two people who attempt to hold the government to account: John Campbell on TV3, Guyon Espiner and others at Radio NZ, David...
    The Daily Blog | 30-10
  • Things That Make You Go Hmmmmmmm
    Every so often in politics, a public figure comes out with something so absurd and so outlandish … that it really does just make you go “Hmmmmmmmmmm”. We’re accustomed to this from certain quarters – by mid point through the...
    The Daily Blog | 30-10
  • Poverty & inequality don’t need protest marches – they need a riot:...
    The global level of inequality continues to skyrocket… Number of billionaires doubled since financial crisis The number of billionaires has doubled since the start of the financial crisis, according to a major new report from anti-poverty campaigners. According to Oxfam,...
    The Daily Blog | 30-10
  • If Key knows who Rawshark is…
    I’m sorry, what? John Key ‘given Rawshark’s name’The Prime Minister believes he knows who hacked Whale Oil blogger Cameron Slater’s computer and produced the source material for Nicky Hager’s Dirty Politics, according to a new edition of a recently published...
    The Daily Blog | 30-10
  • Child Poverty stats in NZ
    Child Poverty stats in NZ...
    The Daily Blog | 30-10
  • Crimes Act + Police Investigation = WTF
    Just to frame the farce that is the Roastbuster’s investigation and conclusion – here are the parts of the Crime Act http://www.legislation.govt.nz/act/public/1961/0043/latest/whole.html#DLM329057  the Roastbusters are proven to have violated – that the police (and some suspects!) themselves acknowledge occurred: Crimes...
    The Daily Blog | 29-10
  • Publishing Journalists’ Home Addresses Is A Tactic Of The Right, Not The ...
    I think I’m starting to get rather annoyed with the conduct of some pro-MANA people over this ongoing Parliamentary Services crew complement issue. Yes, we get that there are legitimate issues to be raised with how some political reporters in...
    The Daily Blog | 29-10
  • Aucklanders caught between a tarseal-addicted government and a weak mayor
    Len Brown’s proposal for motorway tolls to reduce congestion and provide funding for better public transport is a weak response to a critical issue. The $12 billion dollar shortfall on transport funding he talks about is mainly for projected new...
    The Daily Blog | 29-10
  • A Very Weird Story: Deconstructing Darren Aronofsky’s Noah.
    NOAH is a curious movie. Conceived as a biblical epic, it’s target audience was originally the millions of Americans who regard the Bible as God’s inerrant word. With the sin-filled works of Hollywood forbidden to these true-believers, Christian movie-makers have developed...
    The Daily Blog | 29-10
  • You Can Get Away With Rape In New Zealand
    Jessie Hume with last years petition against rape     The police have sent a strong message today.  In fact they’ve been sending a strong message for a while; a message that our government supports. “You can literally get away...
    The Daily Blog | 29-10
  • Roast Buster case – no charges. In the immortal words of NWA…
    Roast Busters case: No prosecutions Police are to make an announcement this afternoon on Operation Clover, the investigation into the “Roast Busters” allegations. The Herald understands the victim has been told that the alleged offenders will not be prosecuted due...
    The Daily Blog | 29-10
  • Key’s flag change distraction to cost $26million!
    No. Way. Bid to change NZ flag to cost millions The cost of holding two referendums and consulting on a change of flag has been estimated to be just under $26 million. Look. We all appreciate that the sleepy hobbits...
    The Daily Blog | 29-10
  • Why NZ Herald’s Labour Party crocodile tears are so audacious
    The front page the NZ Herald would use if they thought they could get away with it No one can take the recent columns by NZ Herald seriously… John Armstrong: Shadow lingers on National John Roughan: Labour’s leadership vote matters...
    The Daily Blog | 28-10
  • The beginning of the end of Cameron Slater?
    Slater postings on man bizarre, court told A businessman has changed his appearance and had to install extra security at his home after Whale Oil blogger Cameron Slater posted his business and personal documents online, he says. Mr Slater has...
    The Daily Blog | 28-10
  • We are a milk power republic and Fonterra our unelected senate
    Wow. Just wow… Deputy mayor says he’ll be sacked South Taranaki deputy mayor Alex Ballantyne says he expects to be sacked because he has spoken out about the impact gasses coming from dumped Fonterra dairy products have had on his...
    The Daily Blog | 28-10
  • MEDIA WATCH: “…But *actually* this is about ethics in political-game jo...
    Yesterday, a piece of mine on the recent revelations about Hone Harawira employing several gentlemen either accused or convicted of sex offences was published on The Daily Blog. Predictably, given the fierce loyalty which Hone inspires in his party faithful and...
    The Daily Blog | 28-10
  • Privilege cheque
    There was no race problem in my childhood. Living in central Wellington I was well-insulated from what was going on not so far away. This was the 60s and 70s, where the teachers enjoyed free love in the staff room...
    The Daily Blog | 28-10
  • A brief word on Key’s claim that it will be raining carnage
    Isis will ‘rain carnage on the world’ – John Key Left unchecked Isis would “rain carnage on the world”, Prime Minister John Key says, but he has yet to make a decision on whether New Zealand troops will join a...
    The Daily Blog | 28-10
  • Meanwhile…
    ...
    The Daily Blog | 27-10
  • How does Andrew Little win Labour Leadership and unify the caucus?
    Audrey Young’s excellent column on how the Caucus vote  is shaping up shows how Andrew Little becomes the next leader of the Labour Party. She identifies the factions as the following… Andrew Little 6: Andrew Little, David Cunliffe, Iain Lees Galloway,...
    The Daily Blog | 27-10
  • GUEST BLOG: Joe Trinder – Right of response to Curwen
    You have asked that Hone Harawira deserves to explain what happened, how would he explain when his next door neighbour is an alleged sex offender. What explanation can Hone offer he wasn’t involved, Hone had no idea this offending was...
    The Daily Blog | 27-10
  • MEDIA WATCH: That Hella-Weird Feeling When You Defend Tova O’Brien
    Oh dear. Yesterday morning I blogged that Hone deserved a chance to explain what exactly had happened as applies his office’s Parliamentary Services crew complement – and, importantly, that we deserve to be able to judge him on the strength of...
    The Daily Blog | 27-10
  • Canadian Green MP warns against harsh anti-terror measures
    Canada’s Green Party has provided a welcome counterpoint to Prime Minister Harper’s call for tougher anti-terrorism laws in the wake of a soldier outside the Canadian Parliament. On October 22, while she was still locked in her parliamentary office, Green...
    The Daily Blog | 27-10
  • When is an asset sale not an asset sale? When it robs from the poor and ste...
    National have turned state housing on its head. At no time during the 2014 election did the Key Government even hint that they were going to privatise 30% of the Housing NZ stock of state homes. Not once. Key even...
    The Daily Blog | 27-10
  • Housing; broken promises, families in cars, and ideological idiocy (Part To...
    . . Continued from: Housing; broken promises, families in cars, and ideological idiocy (Part Rua) . Bill English comes clean on National’s intentions for HNZ privatisation . On 14 October, in a report on The Daily Blog, I wrote, In...
    The Daily Blog | 27-10
  • The Questions Have Been Asked – They Deserve An Answer
    A few days ago, allegations that had been percolating for some time about Hone Harawira employing three either accused or convicted sex offenders on his Parliamentary pay-roll came to light. (one imprisoned before working for MANA; one who found himself convicted and...
    The Daily Blog | 26-10
  • I have seen one future, and it is bleak
    . . Back in  March 2012, I wrote this story regarding a march to support striking workers at Ports of Auckland. It appears there was some prescience about some of my observations at the time… . | | 18 March...
    The Daily Blog | 26-10
  • US air strike war Key wants us in has killed a civilian a day so far
      The US air strike war that John Key wants us to join has killed a civilian a day so far. From the Washington Post... The United States launched its first airstrikes on militants in Syria on Sept. 23, and has continued...
    The Daily Blog | 26-10
  • The instant Jihad syndrome
    My favourite new term is ‘self-radicalised’ – it suggests the reasons for terrorism are totally divorced from the actions of the West. This need to suddenly ramp up terror laws because of lone wolf, self-radicalised Jihadists seems convenient and counter-productive....
    The Daily Blog | 25-10
  • We have nothing to fear from Ebola but fear itself
    I suspect most Americans perceive Ebola like this   I can’t work out if the fear being spread within the media about Ebola is deliberate or just ignorance. Yes Ebola is a terrible plague that kills a large percentage of...
    The Daily Blog | 25-10
  • GUEST BLOG: Anjum Rahman – “Meritocracy? I wish.”
    I’d like to start by linking to a post I had published at another site in support of Nanaia Mahuta for the Labour Party leadership election.  She has a reasonable chance, given that she already has the endorsement of Te...
    The Daily Blog | 25-10
  • Chocolate milk shortage and creepy Santa? Let’s talk about real news
    Child poverty is still a scarily serious problem in this country and house prices are soaring through the roof to the point where it is simply impossible for the average New Zealander to buy a home. There is also little...
    The Daily Blog | 25-10
  • It’s time to celebrate Kiwi schools and teachers
    Some would have you believe that New Zealand’s schools are in a state of collapse, that your children are not being educated well and that things are going to hell in a hand basket.  That there is no innovation, no...
    The Daily Blog | 25-10
  • Ideological Blitzkrieg – Privatization of state housing, more charter sch...
    Pundits in pundit land will tell you that this Government is boring, that Key is the great pragmatist and that it is his ability to create elegant solutions that keeps him the firm favourite in many Kiwi eyes. This ability...
    The Daily Blog | 24-10
  • Hegemony rules but resistance is fertile
    The Prime Minister is a puppet. Not just our current Prime Minister, but given the forces of multinational globalisation, the role of any head of state, is less as independent actor, and more as a puppet of international trends and...
    The Daily Blog | 24-10
  • An open Letter to Sir Bob Jones: demanding a ‘liveable wage’ is not “...
    How out of touch with reality is Sir Bob Jones? You know, that white dude who invested in privatised SOEs after the selling off of our assets in the eighties and made a ludicrous and disgusting amount of money and is...
    The Daily Blog | 24-10
  • My insecurity about the Security Council
    As I write this (on 24 October) it is international UN Day. Of course, you all knew that already, right? Well, the day celebrates the entry into force of the UN Charter in 1945. With the ratification of this founding...
    The Daily Blog | 24-10
  • GUEST BLOG: Catherine Delahunty – Back in That House
    Parliament opened this week and I still find it a very odd place. Most of the people are reasonably courteous and friendly, but the rituals are archaic and the rules around issues like the swearing in oath are oppressive and...
    The Daily Blog | 23-10
  • Marae Investigates No More
    TVNZ yesterday announced the closure of their Māori and Pacific programmes department. That means they’ve chosen to stop making Fresh, Tagata Pasifika, Waka Huia and Marae Investigates to let independent producers get their hands on these lucrative contracts. This is...
    The Daily Blog | 23-10
  • BLOGWATCH: An Un-Civil War in Labour, eh?
    Earlier today, my attention was directed to an entry that’s just recently appeared on the Slightly Left of Centre blog. It purports to contain the ‘inside word’ from a highly placed NZF source – which is funny, because I’m pretty sure...
    The Daily Blog | 23-10
  • Santanomics 101
    Santanomics could mean a number of things. It could be the study and practice of giving. Or it could mean the study and practice of rampant end-of-year commercialism. However, for me today it is the economics of erectingAuckland’s giant Santa...
    The Daily Blog | 23-10
  • SkyCity boss misleads public over workers lost shifts
    SkyCity CEO Nigel Morrison has defended the employment practices at his company in an “Opinion” piece entitled “Human Capital key to corporate success” in the NZ Herald on Thursday. A number of his claims are misleading, contain only partial truths...
    The Daily Blog | 23-10
  • Patrick Gower interviews Social Housing Minister
    Bennett says National could sell off “thousands” of state houses but Housing NZ will still be the “dominant force” in providing social housing in NZ....
    Scoop politics | 01-11
  • The Nation: Lisa Owen interviews Mike Moore & Chris Liddell
    Lisa Owen interviews NZ Ambassador to the US Mike Moore and corporate high-flyer Chris Liddell about the US midterm elections....
    Scoop politics | 01-11
  • David Parker event – the future of work, Sun 2 Nov
    Labour leadership candidate David Parker, an experienced lawyer and businessman as well as a former senior government cabinet minister in the Helen Clark Government, will join three prominent New Zealanders in a panel discussion on Sunday to address...
    Scoop politics | 31-10
  • Roast Busters: Turn Indignation into Action
    People raged about the Roast Buster case. The indignation was justified – it was horrible. “Where were their parents!?” Fair question. I am sure the Roast Busters’ parents and the victims’ parents all wish they had been more proactive in...
    Scoop politics | 31-10
  • Stats NZ only have themselves to blame for postponement
    The Public Service Association (PSA) says Statistics NZ only have themselves to blame for the indefinite postponement of the release of the Food Price Index: November 2014....
    Scoop politics | 31-10
  • NZ Diversity Survey – benchmarking workplace diversity
    AUT University’s New Zealand Work Research Institute (NZWRI) has released a report on diversity in New Zealand workplaces....
    Scoop politics | 31-10
  • Māori Language (Te Reo Māori) Bill
    Tutehounuku Korako, Chair of the Māori Affairs Committee, is inviting further public submissions on this bill. The closing date for submissions is Friday, 5 December 2014....
    Scoop politics | 31-10
  • ERA amendments a mixed bag
    The Employment Relations Amendment Act has the potential to put vulnerable workers in a more precarious position, says Equal Opportunities Commissioner, Dr Jackie Blue. However, the commissioner says the right for all to request flexible work hours is...
    Scoop politics | 31-10
  • Sensible Sentencing calls for appeal of judicial activivism
    The Sensible Sentencing Trust is appalled that Justice Jill Mallon has today refused to apply the Life without Parole (LWOP) provisions of the Three Strikes law as enacted by Parliament....
    Scoop politics | 31-10
  • Global Rally against ISIS – for Kobanê – for Humanity, Nov 1
    The New Zealand Kurdish Community will march in solidarity with Kurdistan as part of the “GLOBAL RALLY AGAINST ISIS – FOR KOBANÊ – FOR HUMANITY” on 1 November 2014, 2pm....
    Scoop politics | 31-10
  • Does ‘No-Surprises’ Also Apply To TVNZ News?
    When you stand back and look at NZ media outlets, most of them have at least one or two people who attempt to hold the government to account: John Campbell on TV3, Guyon Espiner and others at Radio NZ, David...
    Scoop politics | 31-10
  • Safer roads are better for everyone
    Recent pedestrian versus vehicle incidents highlight the real issues being addressed by delegates as the 2Walk and Cycle conference concludes....
    Scoop politics | 31-10
  • Law change creates more flexible labour market
    The Employment Relations Amendment Act, passed yesterday, will bring new flexibility to the labour market and will reduce the ability of unions to organise and to recruit....
    Scoop politics | 30-10
  • Bumper ANZ profits mean no excuse for insecure hours
    A big rise in profits at New Zealand's largest bank needs to be reflected in a better pay offer and more security around hours of work, the bank workers’ union said today....
    Scoop politics | 30-10
  • Count down to lowered alcohol limit
    With just a month to go until a new lower alcohol limit for adult drivers comes into effect, Police and road safety agencies are reminding drivers of the impending change....
    Scoop politics | 30-10
  • WorkSafe Supports Forestry Review Findings
    WorkSafe NZ says the Independent Forestry Safety Review has clearly identified the problems facing an industry in which ten workers were killed last year. “The Review’s analysis matches our own view and leaves no doubt about the need for comprehensive,...
    Scoop politics | 30-10
  • CTU welcomes forestry review recommendations
    The CTU is welcoming the today's release of the independent forestry safety review panel findings. "These recommendations must be implemented to ensure that everything possible is done to make forestry safer." CTU President, Helen Kelly said....
    Scoop politics | 30-10
  • Activists will confront animal abusers
    Today animal rights activists will confront a group of wealth advisers who want to build the biggest egg factory-farm in New Zealand....
    Scoop politics | 30-10
  • Turia: Women’s Refuge Conference 2014
    This is a milestone moment in my life. This will be my last official address as Co-leader of the Maori Party. On Saturday night at our Hui-a-Tau, I will be standing down from that role and enabling a new co-leader,...
    Scoop politics | 30-10
  • Rodeo Code of Welfare ‘Sick Joke’
    Animal advocacy organisation SAFE says the revised Code of Welfare for Rodeos just released is nothing but a sick joke. “Rodeo animals are goaded, tormented and forced to endure needless suffering and gross mistreatment, all for the sake of so-called...
    Scoop politics | 30-10
  • Conservative Party applauds binding referenda on flag
    The Conservative Party are congratulating the Government on the decision to hold two binding referendums to decide the fate of New Zealand’s flag – and believes it will pave the way for binding referenda to form part of New Zealand...
    Scoop politics | 30-10
  • Walk the Talk – Opposing violence against women
    Soroptimist International of Auckland have organised a walk on 22 November from Silo Park at the Wynyard Quarter through the Viaduct and back to Silo Park, to show their opposition to violence against women. This event hopes to raise awareness...
    Scoop politics | 30-10
  • Recommendations on the Design of Pecuniary Penalties
    The Law Commission has reviewed the use of pecuniary penalties as a regulatory tool. Pecuniary penalties are financial penalties that policymakers are increasingly opting to use in place of criminal sanctions in order to punish and deter misconduct in...
    Scoop politics | 30-10
  • Every worker will be affected by employment law changes
    Every worker will feel the effects of the government’s new employment laws and should join a union if they want to maintain and increase their wages and conditions, says New Zealand’s largest private sector union, the EPMU....
    Scoop politics | 30-10
  • Shameful attack on all workers
    The Government has passed the Employment Relations Amendment Act slashing the rights of all Kiwi workers. “These changes are shameful. New Zealand now has some of the worst employment protections in the OECD. It is embarrassing that a country which...
    Scoop politics | 30-10
  • Unnecessary law changes more to do with ideology
    The government’s employment law changes are simply ideological and are at odds with its approach in the related areas of health and safety and immigration law, FIRST Union said tonight....
    Scoop politics | 30-10
  • CTU Runanga calls on iwi leaders
    Maori workers are calling on iwi leaders to speak out against the employment law changes expected to go through today. “Iwi leaders have previously spoken out when workers in Aotearoa have been under attack, we believe they should do so...
    Scoop politics | 30-10
  • Educating children not the best solution to alcohol harm
    Alcohol Healthwatch says we need to look beyond educating children and young people to address deeply embedded attitudes and behaviours concerning alcohol....
    Scoop politics | 30-10
  • New code of welfare for rodeos released
    New standards to strengthen the animal welfare requirements for rodeos have been issued today by the Minister for Primary Industries, Nathan Guy....
    Scoop politics | 30-10
  • IPCA report riddle with inaccuracies, say students
    A report by the Independent Police Conduct Authority into the policing of student protests in 2012 is riddled with inaccuracies, say students who laid the original complaint with the IPCA....
    Scoop politics | 30-10
  • CT v The Queen – indecency convictions quashed
    This summary is provided to assist in the understanding of the Court’s judgment. It does not comprise part of the reasons for that judgment. The full judgment with reasons is the only authoritative document. The full text of the judgment...
    Scoop politics | 30-10
  • Rameka v The Queen – murder convictions quashed
    This summary is provided to assist in the understanding of the Court’s judgment. It does not comprise part of the reasons for that judgment. The full judgment with reasons is the only authoritative document. The full text of the judgment...
    Scoop politics | 30-10
  • Auckland Council Out of Control
    Responding to the NZ Herald article that some Auckland households will face a rates rise of up to 9.6 per cent next year, Taxpayers’ Union Executive Director Jordan Williams says: “Len Brown’s pledge to cap rates rises at 2.5 per...
    Scoop politics | 30-10
  • Stats NZ staff escalate action with ‘no more meetings’ rule
    Statistics NZ staff have voted to escalate their ongoing industrial action in an effort to get Stats NZ back to the bargaining table with a reasonable offer. The staff, who are members of the Public Service Association (PSA), have been...
    Scoop politics | 29-10
  • Rape Crisis calls for changes to criminal justice system
    Wellington Rape Crisis has added its voice to the public outcry following the announcement that there will be no charges in the teen rape gang case. Butterworth says the decision not to lay charges will not have been a surprise...
    Scoop politics | 29-10
  • Police action justified in Blockade the Budget demonstration
    Police actions in dealing with a demonstration in Central Auckland known as Blockade the Budget on 1 June 2012 were justified and appropriate, an Independent Police Conduct Authority report released today found....
    Scoop politics | 29-10
  • NZDF Joins with Australia to Commemorate WWI Centenary
    A contingent of New Zealand Defence Force (NZDF) personnel will join their Australian counterparts at Australia’s first major commemoration of the First World War centenary in Albany, Western Australia this weekend....
    Scoop politics | 29-10
  • Reserve Bank should reduce interest rate
    “The Reserve Bank should be reducing its policy interest rate, the OCR”, says CTU Economist Bill Rosenberg in response to the Bank’s announcement today that it is not increasing it....
    Scoop politics | 29-10
  • 2015 Stout Fellow will write about Māori & Criminal Justice
    Kim Workman, founder and advocate for the Robson Hanan Trust, which administers the Rethinking Crime and Punishment and Justspeak initiatives, has been awarded the 2015 John David Stout Fellowship at Victoria University....
    Scoop politics | 29-10
  • What John Key thought about ‘dirty politics’
    On September 20, John Key swept to victory to become one of New Zealand’s most successful and popular Prime Ministers. Rocked by scandal, the 2014 election campaign was one of the most brutal – and riveting – in recent history....
    Scoop politics | 29-10
  • Trade Deal Threatens Farmers and Food Businesses
    The secret Trans Pacific Partnership negotiations are a direct threat to food businesses and farmers, and a moratorium on the release of GE crops must be enshrined in law before the TPP is signed....
    Scoop politics | 29-10
  • CTU announces election of new Secretary
    The contested election for the position of CTU Secretary has been won by Sam Huggard. Sam officially takes office on Monday 1 December 2014. Sam has worked in the union movement and brings a wealth of experience and a commitment...
    Scoop politics | 29-10
  • Kim Workman awarded 2015 J.D. Stout Fellowship
    The Victoria University of Wellington 2015 J.D. Stout Fellowship, funded by the Stout Trust, has been awarded to justice reform advocate Kim Workman. Mr Workman (Ngati Kahungungu ki Wairarapa, Rangitaane) is well known for his work on criminal justice,...
    Scoop politics | 29-10
  • TPPA causing concern
    Concern over the secretive Trans-Pacific Partnership Agreement (TPPA) negotiations is being expressed in two public meetings over the next week; one at a presentation on 5th November by former councillor Robin Gwynn to the Napier City Council, the...
    Scoop politics | 29-10
  • Kiwis rally to demand justice for ‘Roast Buster’ survivors
    Over 1,500 kiwis have rallied to demand justice after the announcement of the NZ Police decision not to lay charges in the ‘Roast Busters’ saga....
    Scoop politics | 29-10
  • New employment law will hurt the most vulnerable NZers
    The Public Service Association (PSA) says changes to the Employment Relations Act, expected to be passed in Parliament tonight, will hurt vulnerable workers and their families more than anyone....
    Scoop politics | 29-10
  • Consultation to close on proposed place names
    The New Zealand Geographic Board (NZGB) Ngā Pou Taunaha o Aotearoa today advised that only one month remains before public consultation closes for 18 name proposals for geographic features and places around Te Ika ā Māui (the North Island)....
    Scoop politics | 29-10
  • Operation Clover – Statement from Police Commissioner
    I have taken a close interest in this investigation and I am confident police have conducted a thorough and professional enquiry in what has been a challenging and complex case. The Operation Clover team has ensured that victims have been...
    Scoop politics | 29-10
  • Better policy would have protected children from recession
    Child Poverty Action Group says an international report released by UNICEF today shows good policy can protect and improve child well-being, even during a recession....
    Scoop politics | 29-10
  • Outcome of Operation Clover investigation
    Police have completed a multi-agency investigation, Operation Clover, into the activities of a group calling themselves “The Roast Busters”. The 12 month enquiry focused on incidents involving allegations of sexual offending against a number of girls...
    Scoop politics | 29-10
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