web analytics
The Standard
Advertising

One day older and deeper in debt

Written By: - Date published: 7:15 am, March 21st, 2013 - 103 comments
Categories: debt / deficit, exports, jobs, monetary policy, overseas investment - Tags:

There’s this almost puritan kind of myth that we’ve got so much international debt as punishment for our spendthrift ways. We ‘live beyond our means’, apparently. But it’s not true. If ‘our means’ is the money we make in exports, then most of the time, they exceed what we spend on imports. Yet, we run a $10 billion deficit as a country. Why? Because of the profit outflow.

We hear about the current account deficit all the time and most of us conflate it with the trade balance (ie exports minus imports) but the trade balance is just one part of the current account deficit – the other big part is the income balance. That’s how much overseas investors make in profits on the debt Kiwis owe them and the assets they own in New Zealand minus the profits New Zealanders’ loans and investments overseas make.

The trade balance is usually in surplus – we export more than we import (although not at the moment). It’s this second part – the income balance – that causes the current account deficit to be so massive.

Here’s the latest figures, breaking down how we racked up $10.5 billion in deficit last year:

current account balance 2012

As you can see, we exported more goods than we imported, imported more goods than we exported and ended up with a small trade deficit. But that’s dwarfed by the nearly $10 billion that was the net outflow of dividends and interest (the ‘current transfers’ is overseas aid, other donations, remittances, and people taking their money with them when they leave the country).

The irony is that to fund the deficit we have to borrow more from overseas or sell our assets to foreigners. And that just means a greater outflow of profits the next year. On and on, worse and worse each  year.

Now, let’s go right back and look from the start of the neoliberal era to the present. Remembering that for quarter of a century, the Right has blamed our international debts on us ‘living beyond our means’.

current account balance 1987 to 2012

We’ve actually exported $17 billion more worth of stuff in the last 25 years than we’ve imported. But it’s a pittance compared to the net $189 billion we’ve sent offshore in interest and dividends. That $163 billion figure at the end – allowing for currency fluctuations and asset value changes – that’s pretty much the net $150 billion that we owe the rest of the world in the form of debt and overseas ownership of New Zealand assets.

You can see the cycle, we borrow from overseas or let foreigners buy our assets, then we have to pay them interest and dividends, and we pay for those by selling more assets or taking on more debt… and so on.

Now, part of the solution is exporting more and importing less – that’s half of why we need a lower dollar, the other half is to create and protect Kiwi jobs.

Other steps to improve the trade balance include government favouring Kiwi businesses for big contracts (note National sent the rail rolling stock, Novopay, ultrafast broadband cable, and Mighty River website contracts overseas), investing in R&D, and importing less oil – the rising cost of crude means that we spend $8 billion importing the same amount of oil that cost us half as much in 2005.

But more important is reducing or at least stemming the growth of our debt pile with the rest of the world.

Start by looking at the banks. The foreign banks are the biggest owners of New Zealand debt and the biggest cause of the balance on income deficit. They make their money by inflating our housing market. Bring in rules to stop the foreign banks lending so much money into the housing market and not only will you make housing more affordable, you’ll reduce our current account deficit and international debt.

The next biggest source of international debt is foreign ownership of New Zealand assets. Although smaller than our debt via the banks, the rate of return is higher for the foreigner investors. Tackle this by preventing foreign ownership of strategic assets, by not selling our public assets, by putting in rules about overseas landlords for residential property and generally insuring that foreign investment is real investment in new capital wealth – not just buying what we already have.

(The other sector of foreign debt is the government sector – actually, we usually lend more to the rest of the world than we borrow thanks to the Reserve Banks big overseas reserves, but that’s gone negative under National, too).

If we don’t do something, if we keep on just letting foreign capital buy up more of New Zealand and pay for the pleasure by sending a larger and larger share of our GDP overseas each year, then our net international debt is forecast to grow from an eye-watering $150 billion this year to a disastrous $200 billion in four years.

Where does that road end? It ends when our debt pile gets so big that our overseas creditors fear we won’t be able to make our payments and they stampede for the exits – our businesses are suddenly left high and dry unable to get refinancing, the government has to pay much higher interest rates on its debt, and the currency suddenly plunges sending shockwaves through the economy.

Better to manage things and avoid hitting the wall like Greece did, by using the kind of policies I’ve mentioned above. Of course, those are the policies that the Greens, Labour, NZF, and Mana espouse, and which National has rejected in favour of sticking its head in the sand and letting the wealth flow out of our country at the rate of $10 billion a year.

103 comments on “One day older and deeper in debt”

  1. IrishBill 1

    Crikey. I was aware expatriated profits were big (like decent percentage of GDP big) but that’s astounding. On the other hand it’s a simpler policy fix than a massive trade deficit would be.

    • lprent 1.1

      It is freaky… Much of that is just from interest on housing mortgages – pretty unproductive for the country. And easier to contain.

      • Lanthanide 1.1.1

        Government should reduce OCR by 1% and introduce 1% tax on residential mortgages instead. Keep the money in NZ.

        • Draco T Bastard 1.1.1.1

          Nope, the government should stop the private banks from printing money and take over that function themselves. Make loans out to businesses and individuals at 0% and dump the OCR altogether.

          As soon as the government takes the privilege of printing money off of the private banks then we can do something about the economy. Leaving it as is will continue our path to debt slavery.

  2. ad 2

    So how many on this site have Kiwibank accounts?

    • Colonial Viper 2.1

      I used to have a PostBank account until some shit of a government sold it off.

      • SpaceMonkey 2.1.1

        I have my savings (minor) in wholly-owned NZ banks and my borrowing (also minor) with an Australian bank. But my real savings are in physical precious metals – gold and silver. Have been a gold and silver bug since the GFC when I first realised how much of a racket the global financial scam was.

    • every loyal Kiwi should have a kiwibank account. the government should give westpac the flick and use its own(ours actually) bank.

      • Colonial Viper 2.2.1

        Cullen could have done that.

        • Alanz 2.2.1.1

          Looking forward to Shearer doing that.

          I opened my Kiwibank account in the first week it was established. Foundation member, I am, and that is printed on my card.

        • Pete 2.2.1.2

          I imagine there were some rules under the Public Finance Act he had to stick to. Westpac probably made the better offer.

          • Colonial Viper 2.2.1.2.1

            Ah ha. But what was the better offer for the country?

            I imagine there were some rules under the Public Finance Act he had to stick to

            The Westminster powers of a sitting Government come in handy at that point.

      • aj 2.2.2

        Or a Co-operative Bank account
        Or a TSB account
        Or a SBS account
        Or a Credit Union account.

        • Ed 2.2.2.1

          There is also Heartland Bank. I don’t know which of those is wholly New Zealand owned, although I suspect Credit Unions would be. This uncertainty is a good reason to keep Kiwibank wholly owned – it is clear to everyone that it is not putting money in the hands of overseas shareholders..

    • Saccharomyces 2.3

      My home loan is with Kiwibank…… why? Because they gave me the best deal.

      • geoff 2.3.1

        Yeah they give you good deal as long as you at least 20% deposit. Good luck to the average first-home-buyer getting that much money together.

    • lprent 2.4

      Kiwibank? Me personally, this site, our household account, and I think Lyn has at least one because I send stuff there when she pays for my airflights or whatever..

      I also have an account with a ANZ (damnit) for my apartments mortgage. I originally fled to the National bank to escape the irritating and fee ridden clutches of the ANZ many years ago and now they have gobbled me up again. At some stage I will summon the time to move again when and if they irritate me again.

      • Pete 2.4.1

        They got me young. When I was five years old I had a school banking (do they still do that?) account with the post office. Which was a two minute walk from my small suburban school. And then a couple of years later someone closed down that post office and I was given a different passbook – not one with the colourful design of kids flying kites over some blocky city, but a boring grey one that simply said “Postbank”. Then they got bought out by ANZ. By that stage it was too much of a hassle to change banks.

        I do have a Kiwibank account in my name. It was originally a flat account.

      • McFlock 2.4.2

        just when you thought you were out, anz pulled you back in…

        Kiwibank myself.

    • r0b 2.5

      I’m with KiwiBank.

    • karol 2.6

      I have been looking at opening a KB account – sorted out the specific account that suited me – am planning to do it in the next week.

    • Tiresias 2.7

      I’ve banked with KiwiBank since its day one.

      As at today I have something over $150,000 on on-line call, 32-day and 90-day notice accounts there but the week-end’s events in Cyprus have made me seriously consider the wisdom of maintaining so much in one jurisdiction, let alone one bank. Indeed, given the present exchange rate this might be a good time to park some in a US$ account in New York. If it’s good enough for our Great Leader it should be good enough for me.

      • SpaceMonkey 2.7.1

        I wouldn’t go near the US dollar… it’s on a hiding to nowhere. Personally, I maintain as little fiat currency as possible, I invest what I can into gold and silver. If I was to store cash in a non-NZ currency, I’d look for a currency whose central bank is not quantitatively easing it into oblivion.

        • Tiresias 2.7.1.1

          I avoid precious metals – they need a functioning market and if the excrement really hits the fan…

          So my primary investment is a chunk of good land far from the madding crowd from which I supply my own milk, cheese, beef, mutton, lamb, veges, chooks and eggs, with my own spring above the house which was still running before last week-end’s rain, and enough solar power to keep the freezers chilled if nothing else.

          I cook and heat my home and water with wood from the forests around me in which there are deer and pigs and possoms gallore (and rabbits too, alas), gather oysters on the beach nearby and have snapper, blue cod, green-lipped mussels and salmon as short row down the bay.

          Oh yes , and I’ve a rifle for the deer and pigs and a shot-gun for the possums and rabbits, and plenty of ammunition for both.

          There’s supposed to be gold in them thar hills, too, but I’ve never bothered to look for it.

          • SpaceMonkey 2.7.1.1.1

            You are where I would want to be when the SHTF… I’ve always considered land (as opposed to real estate) as the number one investment – provided you can get it without the assistance of a bank and that’s out of reach of most people these days. I like your set up.

            I should qualify that my investment in precious metals is really a hedge, not an investment. Which is why I distinguish the physical from the paper. It is a response to loss of confidence in fiat currency and paper precious metals (especially gold and silver) are being gamed even more than other ETFs – TPTB are desperately trying to keep the illusion going that the US dollar and other QE currencies are actually worth something now.

            I will convert it back when things settle down but if that’s not in my lifetime, I’ll leave a map for my children with an ‘X’ for where I’ve buried my hoard! Lol… :)

            • Tiresias 2.7.1.1.1.1

              I must admit that, just sometimes, it would be really, really nice just to be able to send out for a pizza.

          • North 2.7.1.1.2

            Do you ever Tire’ of the Good Life ?

    • Kevin Welsh 2.8

      Yep, Kiwibank here. Joined the first day as a Foundation Member. Do all my banking through them.

    • The Al1en 2.9

      I have one. I started it when I took out my 100% first time buyer mortgage, and I’d never dream of changing banks… Until the nats privatise it.

    • infused 2.10

      Nope.

      Don’t give me the loyal crap. They need to drop their fees. It’s nice to be able to actually walk in to a bank and deal with issues there and then.

      Also, kiwibank didn’t give me a mortgage, TSB did.

  3. Dem Young Sconies 3

    I’d be happy to see the total of foreign debt & capital nationalised without compensation. The cabal of vulture capitalists shouldn’t be rewarded for their theft.

    • Colonial Viper 3.1

      There’d be an immediate capital strike against NZ. Say bye bye to fuel, pharmaceuticals, farm exports.

      • Dem Young Sconies 3.1.1

        We have plenty of our own oil for fuel.
        We can source generic pharmaceuticals.
        With the stress on the environment, and animal welfare issues, we shouldn’t even be farming ruminants in NZ anyway. We can make do with just supplying the local market, and countries that aren’t controlled the the world bankster elite.

        • tinfoilhat 3.1.1.1

          Look I’m as green as you get, but your post is just silly and delusional……… or are you a RWNJ troll doing a very poor parody post ?

        • Colonial Viper 3.1.1.2

          We can source generic pharmaceuticals.

          Yes NZ can manufacture one or to two dozen of the most commonly used drugs, several of them by violating international patents (hey in for a penny…), but that leaves pharmacy shelves 95% empty.

          • geoff 3.1.1.2.1

            Does this mean you’ve recently changed your tune a bit regarding this, CV?

          • Draco T Bastard 3.1.1.2.2

            Oh, noes, we might have to do some R&D.

            • Colonial Viper 3.1.1.2.2.1

              And what do patients who need their medications daily do for the 5-10 years before that R&D outputs?

              Any other glib solutions?

              • Draco T Bastard

                As I said below, I doubt if we’d actually lose all that you assume we would.

          • geoff 3.1.1.2.3

            No I’m getting you confused with DTB

            • Colonial Viper 3.1.1.2.3.1

              no probs mate

              I think a dramatic “Great Leap Forwards” style exercise is to be avoided for the moment, in favour of a planned, strategic import substitution programme.

      • Draco T Bastard 3.1.2

        That’s ok, we don’t need them.

        Pharmaceuticals we can, and do, make here.
        Fuel, meh – that’s what we have electricity for and we also have our own oil wells. Sure, it’s only 44000 bbl/day rather than the 150000 we use but it’d work out.
        I’m sure the farm exports wouldn’t decrease either – they’d just change destinations.

        I don’t think we’d lose as much connection to the rest of the world as you think we would.

        • geoff 3.1.2.1

          Didn’t Iceland tell the IMF to fuck off? The icelandic bloke that Kim Hill interviewed last week didn’t give the impression that Icelanders were starving in the street. It’s all scaremongering that
          the powers that be use to try and keep nations under control. There’s just no way that business, financial or otherwise, would ignore the trade potential of 4 million westernised consumers.

          Speaking of finance….it looks like the karma might finally be catching up with the likes of Jamie Dimon and J P Morgan. http://www.huffingtonpost.com/lynn-parramore/jamie-dimons-ultra-americ_b_2915429.html

          Bring on the global debt jubilee.

          • Tiresias 3.1.2.1.1

            Sorry but the Iceland-economic-miracle-sans-IMF is fiction. Educate yourself.

            http://icelandicecon.blogspot.fr/2013/01/the-economic-truth-on-iceland.html

            “So there you have it. The cosy picture drawn of the economic miracle of Iceland has serious stains on it. Despite the fact that the economy has, partially, rebounded to its pre-crisis level, the underlying foundations are so termite-infested that the slightest wind could blow the whole economy to kingdom come! That applies especially to the problem of abolishing the capital controls.”

            • Draco T Bastard 3.1.2.1.1.1

              IMF Says Bailouts Iceland-Style Hold Lessons in Crisis Times

              Iceland refused to protect creditors in its banks, which failed in 2008 after their debts bloated to 10 times the size of the economy. The island’s subsequent decision to shield itself from a capital outflow by restricting currency movements allowed the government to ward off a speculative attack, cauterizing the economy’s hemorrhaging. That helped the authorities focus on supporting households and businesses.

              “The fact that Iceland managed to preserve the social welfare system in the face of a very sizeable fiscal consolidation is one of the major achievements under the program and of the Icelandic government,” Zakharova said. The program benefited from “strong implementation, reflecting ownership on the part of the authorities,” she said.

              It seems that the IMF disagrees with, from what I can make out, is a RWNJ think tank.

              • Tiresias

                I’m not denying Iceland did much better for its people than, say, Greece or Argentina, but believing there’s an easy, pain-free way out of such a mess that only punishes the guilty is a delusion.

                • geoff

                  I never said Iceland had a pain-free transition. I was pointing out that they haven’t been shut out of the global economy in the way that say North Korea has been.

                  If anything, Iceland hasn’t gone far enough. What you appear to be advocating for is crony capitalism. It is absolutely possible to punish the guilty more effectively than has been done so dar and it is slowly beginning to occur in the US because it has become politically untenable to ignore the crimes.

                  • Tiresias

                    ” What you appear to be advocating for is crony capitalism.”

                    What on earth have I written that makes you think that?

                • Draco T Bastard

                  I never said there was a pain free way out of the mess that the banksters have left us in but I do believe that we do need to look for a way out and getting rid of foreign owners/investors and telling the banks where to get off is a good start.

                  • Colonial Viper

                    For it to be not wholly disruptive it’ll have to be a decades long project. And they’ll make sure that the government responsible doesn’t survive in power that long.

                    • Draco T Bastard

                      That’s why you put it to referendum. Governments may change, the people won’t.

      • SpaceMonkey 3.1.3

        Worse than that… I suspect the banksters would engineer a coup or a crisis to overthrow the Government. They might have tolerated our anti-nuclear stand but renationalisation of capital would send TPTB into apoplectic fits and see NZ reduced to rubble like Libya or Iraq. All in the name of democracy, of course.

        • Colonial Viper 3.1.3.1

          They got rid of Salvador Allende, Chile. TPTB then installed a neoliberal, banker friendly leader by the name of Augusto Pinochet.

          • Colonial Viper 3.1.3.1.1

            From wikipedia

            Financial conglomerates became major beneficiaries of the liberalized economy and the flood of foreign bank loans. Large foreign banks reinstated the credit cycle, as the Junta saw that the basic state obligations, such as resuming payment of principal and interest installments, were honored. International lending organizations such as the World Bank, the International Monetary Fund, and the Inter-American Development Bank lent vast sums anew.[43] Many foreign multinational corporations such as International Telephone and Telegraph (ITT), Dow Chemical, and Firestone, all expropriated by Allende, returned to Chile

    • Tiresias 3.2

      Or you could make yourself even happier by migrating to North Korea and living the experience of a citizen in an International pariah.

  4. bad12 4

    10 Billion and rising, for the last quarter the current account deficit widened from 2.5 billion to 2.7 billion so on that track it will soon be an annual 11 billion,

    Government ‘contracts out’ some 30 billion dollars of ‘work’ annually, much of this also goes to overseas company’s,

    Labour have said that they will look at all this 30 billion dollars of spending to see which of it can be spent here in New Zealand,

    Obviously we as a country are now tied into being sucked dry like the host of a leech by various international trade agreements so the Government cannot simply proclaim that all it’s spending will favor New Zealand owned and operated companies,

    Such trade agreements tho do not preclude a silent and unspoken bias by any Government toward having it’s contracted ‘work’ carried out only by New Zealand companies,

    Interestingly or not, Chinese buyers of our diary products have at the latest auction pushed the price of milk powders up from 4 thousand dollars a tonne to 5 thousand dollars a tonne thus going some way to ‘saving’ those farmers who have been hard hit from the drought losing up to 20% of production and as an incidental once contracts are settled helping to at least stabilize the current account deficit…

  5. Lan 5

    Why its annoying to hear the Gibbs, Fay, Richwhites etc (tho latter two seem quite quiet these days) making smart remarks about the New Zealand economy that they plundered in the 80s! And now with the energy “companies” government is doing it all again .. not to mention the sale of our best land and housing stock. Nuts.

    • Tim 5.1

      Yea, Messrs Fay and Richwhite are rather amusing. (As in trying to feign horror at Crafar farms potentially going offshore and doing a deal, considering their history).

  6. vto 6

    http://www.youtube.com/watch?v=jIfu2A0ezq0

    I owe my sole to the company store ….

    • Lightly 6.1

      I believe it’s ‘soul’, but in New Zealand’s case, the soles of our shoes is more accurate.

      • vto 6.1.1

        Yes of course, brain wobble… It is also “another day older” not “one day older”.

        16 tons and whadda ya get..

        another day older and deeper in debt..

        Johnny Cash does a good version too. “St Peter don’t you call me ’cause I can’t gooooo ….. I owe my soul to the company storeeeee…”

  7. DH 7

    Good commentary Anthony James but you must be joking when you say Labour have policies to fix it. I’ve yet to see one.

    For what it’s worth some $100billion or so of our overseas debt is owed by the Australian owned banks. We don’t owe it, the banks do. We just owe the banks via mortgages but that’s domestic debt, not foreign debt.

    One of the most effective means of managing away much of that overseas debt is to cut the banks adrift and force them to wind down their capital base paying back their overseas borrowing. We can do that by greatly expanding Kiwibank. It needs a large injection of capital and if the Govt is going to put an SOE on the sharemarket it should be Kiwibank. Not to sell it but to expand it; issue more shares to the NZ public.

    • bad12 7.1

      Australian owned banks??? your kidding are you not, your belief in the ‘fairy tale’ of New Zeland banks being owned by our close mates from Aussie makes me smile,

      As our bnaks are nominally owned by the Australian Banks the Australian Banks are all owned by the bigger fish in the pond namely the International Banking Cartels,

      Mostly you wont find the names of the big US banks on the share registers of those Aussie banks, such shareholdings are all held in Nominee companies and it is the name of the nominee companies which appear on the share register,

      Keeps a hell of a lot of us believing in the ‘fairy tale’…

  8. DH 8

    “Good commentary Anthony…..”

    Damn, where’s the edit function. I meant James, not Anthony…. duh!

  9. Harriet 9

    Someone who is adding to the total wealth of this country is not depriving you of anything.

    But someone who is consuming the nation’s wealth, without contributing anything to it, is.
    Yet our tax system penalizes those who are producing wealth in order to subsidize those who are only consuming it.

    Tax reform is overdue, national debt or no national debt. :cool:

    • Draco T Bastard 9.2

      Someone who is adding to the total wealth of this country is not depriving you of anything.

      Foreign investors aren’t adding anything to this country.

    • Colonial Viper 9.3

      Yet our tax system penalizes those who are producing wealth in order to subsidize those who are only consuming it.

      What do you mean by wealth? Do you mean “money”?

      You do know that all wealth originates from the resources of nature, right?

      • DH 9.3.1

        “What do you mean by wealth? Do you mean “money”?”

        Money is just a medium of exchange; a convenient means of storing value that’s portable. If a nation increases it’s collective wealth then it must follow you’d need more money in circulation to cover it. We’re only in trouble because we’re not increasing wealth, rather inflating the value of assets. Money isn’t the problem, they’ve just allowed too much of it to be created.

        If the Reserve Bank had been told to include asset inflation in their low-inflation targets we probably wouldn’t be in this mess. From a monetarist perspective there’s no difference between consumer inflation and asset inflation. They’re both monetary in origin so it’s a total mystery why they’ve ignored asset inflation.

    • Colonial Viper 9.4

      Tax reform is overdue, national debt or no national debt. :cool:

      Also, do you believe in the provision of a commons of goods for society? And how do you believe that commons of goods be paid for?

    • bad12 9.5

      Harriet, the pathetic ‘contributes’ argument has been round and round so often that i cannot be bothered to raise the arguments with you that show it, (the contributes/doesn’t contribute argument), is a load of bovine defecation,

      Needless to say your argument only holds the slightest bit of credibility where the individual does not contribute over the period of a life-time,(how many million of the New Zealand people do you know in that category,

      You are of course free to pack your s**t and find a country to reside in where the State contributes mostly ZERO to the individual and the individual is solely responsible for their own means of existence,

      Vanuatu springs to mind as the closest destination, Somalia if you hanker for the African sunshine…

  10. Draco T Bastard 10

    The next biggest source of international debt is foreign ownership of New Zealand assets. Although smaller than our debt via the banks, the rate of return is higher for the foreigner investors. Tackle this by preventing foreign ownership of strategic assets, by not selling our public assets, by putting in rules about overseas landlords for residential property and generally insuring that foreign investment is real investment in new capital wealth – not just buying what we already have.

    Don’t need any of that, just need to ban foreign ownership. As your figures show, we don’t need, and have never needed, foreign investment. The people who say we do are lying even if they don’t realise it as we have enough resources (both physical and human) in the country to support ourselves. This is true of every country.

    So, who benefits from investment? The rich of other countries who have so much accumulated money that they can’t invest in their own countries any more as there isn’t enough wealth in that country to absorb the money.

    If we don’t do something, if we keep on just letting foreign capital buy up more of New Zealand and pay for the pleasure by sending a larger and larger share of our GDP overseas each year, then our net international debt is forecast to grow from an eye-watering $150 billion this year to a disastrous $200 billion in four years.

    What you describe here is The Road to Serfdom and it’s the exact opposite of what Hayek said. The road to serfdom isn’t from socialism but from capitalism.

  11. AmaKiwi 11

    For the past 30 years we have NEVER had a year with a positive balance of payments. NEVER. Greece boasts precisely the same record.

    They fiddle while Rome burns (or NZ drowns). 30 years of National AND Labour governments and NONE has taken steps to keep us from serfdom.

    Since the politicians are too timid / compromised / short-sighted to sort it out, it’s time for the people to take back our government. 30 YEARS of inaction!

  12. Peter 12

    “The foreign banks are the biggest owners of New Zealand debt and the biggest cause of the balance on income deficit. They make their money by inflating our housing market.”

    Can someone please explain why they are allowed to?

    Excellent article!

    • Draco T Bastard 12.2

      Can someone please explain why they are allowed to?

      Mostly, as far as I can make out, it’s because people don’t realise that the banks are printing money at such a rate as to cause that inflation. It’s not so much that we’re allowing them to as that we just don’t know that they’re doing it and that they’re doing it only for their own benefit.

  13. ghostrider888 13

    however, according to the sage Joyce, in the Dec quarter, “New Zealanders received record returns from OFFSHORE investments (of which they re-invested locally 7%, from memory)” Well, that IS helpful…

  14. Plan B 14

    So we are left with the idea that somewher out there in the great big world, outside of New Zealand there is a great big chest filled to the brim with New Zealand dollars and that when we want to buy a house, our banks go and get some money out of the chest and lend it to us and that our interest payments have to go offshore to the people who have the chest filled to the brim with New Zealand dollars.
    The funny thing is that we as a country sell nothing in New Zealand dollars, nor can we spend New Zealand dollars outside of New Zealand. In fact there is noone in the world who actually wants New Zealand dollars except us.
    So there is no chest filled with New Zealand dollars at all is there.
    All we have is banks running a scam whereby when they type the loan into existence on a computer they pretend that the money is owed to someone in another country. It sounds so silly that no one would believe it so they don’t. Trouble is it is basically a true story

  15. infused 15

    “Bring in rules to stop the foreign banks lending so much money into the housing market and not only will you make housing more affordable, you’ll reduce our current account deficit and international debt.”

    How would housing become more affordable?

  16. prism 16

    James
    This is good stuff. But I don’t understand one part under a small table.
    “As you can see, we exported more goods than we imported, imported more goods than we exported and ended up with a small trade deficit. ”

    It appears from the table that we imported more services than we exported and…. Is this correct?

    I

    • prism 16.1

      I wonder if my question can be addressed?   Possibly there are some other confused people out there besides myself.  Or do you have to be one of the favoured to get a  response?

  17. prism 17

    Now we’re told that our banks can, if they foul up too much, take a portion of our savings and we are told that the answer to our country’s woes is to save more! Government here not content with facilitating dodgy financial businesses that in going bust have destroyed good people’s lifetime accretion of savings, the government now introduces a new tax and almost justifies the saying that “All tax is theft”.

    Our own Reserve Bank thinks it is right to take what are privately owned cash assets and give them to the business we are dealing with. And now we are told that it all underlines another verity, that there is no such thing as a safe investment. As the whole deal is man-made why isn’t there action to ensure reasonable safeguards?

    • Colonial Viper 17.1

      So if the highly paid bank CEOs and boards fuck up and lose a tonne of money in the markets, we the savers get to bail them out.

      Yeah that sounds fair.

      • Tiresias 17.1.1

        Yeah, fair like an understanding that we’ll tolerate muggers as long as they only take 10% of the money in our wallets, but if we start objecting they’ll take it all.

        • prism 17.1.1.1

          Tiresias
          Well Terry Pratchett wrote that into his Discworld story of Ankh-Morpork.  The Patrician set up a guild to control the unfortunate habits that we have. so there is one for thieves, and there is one for killings, each with their own set of proscriptions, rules and expectations.   This business with the OBR or whatever it’s called is sort of similar.   An attempt to codify the customary practices really.  Fact over-ruling fiction eh!

    • Colonial Viper 17.2

      Anat Admati’s new book “The Bankers New Clothes” focusses on these issues exactly.

      http://www.youtube.com/watch?v=WdU5ik-fzZs

  18. aerobubble 18

    We’re an export nation, ergo we would accumulate wealth unless another process was imposed to extract wealth. The question is, how do we let wealth leak out so easily? Whose in charge? Govt.

    Govt is too easily lobbied because it has no upper chamber. Loopholes, oversights, tax regimes, all pander to exporting our wealth.

    • Draco T Bastard 18.1

      Govt is too easily lobbied because it has no upper chamber.

      /facepalm

      That has got to be the most nonsensical thing I’ve seen in a long time – and I’ve been having long chats with Tribeless. The lobbyists will obviously lobby both houses.

      As I’ve told you before – having two houses only produces worse government as which ever party has dominance of one house can, and will, prevent anything that they don’t like going through and if one party dominates both houses it just becomes another rubber stamp. Just look at the US and the trouble the republicans have been causing over the budget for the last few years.

      Some people won’t learn from history and, apparently, some can’t learn from what’s going on in front of their nose.

      • Colonial Viper 18.1.1

        Exactly. Two houses and getting rid of the Queen and having a formal constitution etc. – all beside the point and all with their own potential risks and additional unseen complications.

Links to post

Important links

Recent Comments

Recent Posts

  • October ’14 – NZ blogs sitemeter ranking
    Image Credit: A Pretty Healthy Life PLEASE NOTE: Sitemeter is still playing up but far fewer blogs are effected. I have done a manual work around but it was still impossible to get the stats for a the blogs that I list below....
    Open Parachute | 01-11
  • Repost: Life isn’t fair. But it should be.
    (Originally posted at On The Left.) I was not an angelic child. My mother has retconned her memory of my early years since I became an adult, and my grandmother delicately phrases it as “you were a little troubled”. The...
    Boots Theory | 01-11
  • Hard workers have nothing to fear from Ebola
    A guest post from TV and radio current affairs host Mike Hosking...
    Imperator Fish | 31-10
  • The problem with our economy is too many tea breaks?
    ...
    Pundit | 31-10
  • The Final Fifth: The Last Great Task For Progressive New Zealand.
    "For mercy has a human heart, pity a human face" - William Blake 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...
    Bowalley Road | 31-10
  • Campbell Live on Trains and Motorway tolls
    Campbell Live have been doing some great stories on transport and urban issues in the last few years and have easily been one of the best media organisations on the subjects. This week contained quite a few transport segments including...
    Transport Blog | 31-10
  • Thieving Bastards Steal Big Red Umbrella! Read All About It!
    View from the bach at Leigh Our house in Herne Bay was burgled some years ago. We were woken in the middle of the night by crashing sounds from downstairs.  It requires a really brave person to investigate strange noises...
    Brian Edwards | 31-10
  • Saturday playlist: songs about work
    Every Saturday we’re going to post a couple of music videos, probably on a particular theme, unless we run out of ideas and it just turns into Stephanie spamming us with professional wrestling soundtracks and Nicki Minaj. So, in that...
    On the Left | 31-10
  • 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...
    Frankly Speaking | 31-10
  • The Greens are wacky?
    It is a bit like a game of pin the tail on the donkey, the National Government and their supporters are desperately attempting to stick the wacky label on the Greens again, but it is becoming harder to make it...
    Local Bodies | 31-10
  • Novopay Exemplifies National’s Governance
    This National led Government is strong on ideology, weak on process and reluctant to accept responsibility. The Novapay debacle exemplifies all of these well.When questioned about Novopay, National Ministers will never accept full responsibility. Initially the Government blamed Labour because they...
    Local Bodies | 31-10
  • 2014 SkS Weekly News Roundup #44B
    5 ideas for protecting New York from the next Sandy Climate scientists aren’t too alarmist. They’re too conservative Direct Action is like a dodgy laundry powder that never gets the climate clean Emissions trading will be back in the game...
    Skeptical Science | 31-10
  • Stuart’s 100 #47: The Forgotten Triangle
    48: The Forgotten Triangle What if the forgotten triangle behind Shortland Street was more than a parking lot? Continuing the series on forgotten or underutilised spaces within the city, the steeply rising wedge of land between Shortland Street, Albert Park...
    Transport Blog | 31-10
  • World News Brief, Friday October 31
    Top of the AgendaTensions Flare in Jerusalem...
    Pundit | 31-10
  • Guest post: Plain English is radical
    @aaronincognito is an anonymous soulless bureaucrat who blogs at fundamentallyuseless.wordpress.com. Despite all the ups and downs of the past few months, there has been one constant in left wing politics: jargon. Regardless of whether Nicky Hager, Judith Collins, or Eminem...
    On the Left | 31-10
  • Long past time
    The Dominion-Post reports that the government is considering wiping past convictions for homosexuality. Good. As a guest-poster to On The Left has recently explained, living with a criminal conviction isn't easy; employers and agencies will simply dump applications from people...
    No Right Turn | 31-10
  • Define Instruments Expands into South Africa
    It’s always great to see companies grow – and Define Instruments recently took their first big leap. The team has followed existing international sales by setting up a South African office. It’s the first of many new overseas offices we hope to...
    Lance Wiggs | 31-10
  • MacLennan on fixing the OIA
    Journalist and lawyer Catriona MacLennan has some suggestions on Fixing Official Information Act Abuses . She identifies three problems with the law: lack of resources to enforce the law; deliberate flouting of the act; and inadequate understanding of the legislation...
    No Right Turn | 31-10
  • All work and no play makes Jack a dull boy
    It's Halloween! Time for a jolly pumpkin to remind everyone that there is chocolate nearby The weather is terrible, and while it can't rain all the time, I suspect there may be an absence of ghosts and ghouls. Whatever shall...
    No Right Turn | 31-10
  • Indistinguishable from totalitarianism
    SF author Charles Stross has a lovely alternate-history thought experiment which demonstrates quite neatly how British surveillance is indistinguishable in practice from totalitarianism. And if you're in any doubt, you've only got to read today's news:The Government is facing calls...
    No Right Turn | 31-10
  • Rate my minister
    Tertiary education minister Steven Joyce wants to introduce a new ranking system, Rate My Qualification, where employers rate tertiary education courses and then students can look up the results. Well perhaps employers should be able rate other things too, such as their ministers....
    Tertiary Education Union | 31-10
  • To the field experiments!
    In the wake of the Stanford / Dartmouth schnozzle this week, this political science article caught my eye: The way your brain reacts to a single disgusting image can be used to predict whether you lean to the left or...
    Polity | 30-10
  • NZ cranks finally publish an NZ temperature series – but their paper’s ...
    You can’t teach old dogs new tricks, it seems — certainly not if they’re gnawing a much loved old bone at the time. The lads from the NZ Climate Science Coalition — yes, the same boys who tried to sue...
    Hot Topic | 30-10
  • West Auckland Network with new interchanges
    Last week Auckland Transport began consultation on the new network for West Auckland. I and many readers were highly critical of it as it seemed to ignore much of the network design philosophy and elements AT are implementing elsewhere and...
    Transport Blog | 30-10
  • This ‘boom’ might save the world – 10 quick facts about r...
    As the world's leading climate scientists finalise the latest and most comprehensive report on climate change and ways to tackle it, a key question is: What is new? What has changed since the release of the UN climate panel's last Assessment Report (AR4) in...
    Greenpeace NZ blog | 30-10
  • A lack of commitment
    New Zealand has finally joined the Open Government Partnership. A requirement of membership is to submit an action plan about how you will improve open government over the next two years. So what's in ours? Sweet fuck-all:Our Action Plan will...
    No Right Turn | 30-10
  • Smartphones are meant to bend
    You’ve no doubt heard of the issues surrounding the newly released iPhone 6, but do […] The post Smartphones are meant to bend appeared first on Connected....
    Potentia | 30-10
  • Tea Party takes on “President Obola”
    OK, so this happened: Theatricality is one of the best ways to shake the sleepwalking public awake. One brave liberty advocate made a bold statement when he donned a Hazmat suit and an Obama mask, and took to the president’s...
    Polity | 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.  Photo:  ...
    CTU | 30-10
  • Herald vs Hosking-in-Herald on teabreaks
    The New Zealand Herald editorial today is distinctly unimpressed with the government’s decision to remove mandated tea breaks for workers: It is a pity that almost the first legislative act of the Government's new term is an act abolishing mandatory...
    Polity | 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...
    frogblog | 30-10
  • Ghost Dancing?
    Ghost Dancing circa 1890: With the buffalo effectively exterminated, the material basis for the Native American cultures of the Great Plains was destroyed. The Ghost Dance, it was believed, would reconstitute the basis for an independent indigenous existence. Has the...
    Bowalley Road | 30-10
  • I have seen one future, and it is bleak
    . . Way 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...
    Frankly Speaking | 30-10
  • WINZ: Bureaucratic Befuddlement and Confustication
    Yeah, I know. Confusticate isn’t a word, unless you’re quoting Urban Dictionary. Definition: This word is the coalescing of the English words “confuse” and “complicate”. It refers to anything of, or relating to the process of being both confused and...
    On the Left | 30-10
  • The idiot
    Here’s why this Steffan Browning/Ebola/Homeopathy thing is a really big deal for the Green Party. (a) Historically they’ve been stereotyped by their opponents as a bunch of nutters (b) The main focus of the party for the past five years –...
    DimPost | 30-10
  • The idiot
    Here’s why this Steffan Browning/Ebola/Homeopathy thing is a really big deal for the Green Party. (a) Historically they’ve been stereotyped by their opponents as a bunch of nutters (b) The main focus of the party for the past five years –...
    DimPost | 30-10
  • Climate change and New Zealand cities
    Environmentalists sometimes have an uneasy relationship with cities. Because they concentrate a lot of people and economic activity in relatively small places, they also concentrate a lot of negative environmental effects. All that concrete, all that energy being consumed, the...
    Transport Blog | 30-10
  • Got a mystery? Just ask John!
    Tuesday, November 24, 2009John Key has learned the identity of the entertainer guilty of an indecency charge through the grapevine of people circumventing the suppression order....
    Pundit | 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....
    CTU | 30-10
  • Blocked
    It is safe to say before the election last month I was fairly prolific in the blogosphere as we headed to an election. Was it because there was a glimmer of hope for we on this side of the coin?...
    My Thinks | 30-10
  • Blend with the Bruntletts Group Ride
    While Vancourerites Chris and Melissa Bruntlett are here for their Auckland Conversation talk, Generation Zero, Frocks on Bikes and TransportBlog have organised a slow, family friendly ride around the city centre. The map is below. The ride is designed to be self-directed so...
    Transport Blog | 30-10
  • New research quantifies what’s causing sea level to rise
    There have been a number of studies that have come out recently on ocean warming and sea-level rise. Collectively, they are helping scientists coalesce around an emerging understanding of climate change and its impact on the Earth. Most recently, a...
    Skeptical Science | 30-10
  • Rawshark – Is she Maori or Pakeha?
    Cameron Slater blamed someone for being behind the hacking of his emails and passing them on to Nicky Hager. And then he named someone he thought was Rawshark. John Key says someone told him who Rawshark is but he ain’t telling. @B3nRaching3r is...
    Te Putatara | 30-10
  • Employment law: it’s toasted
    In an early episode of Mad Men, when the company’s going for the Lucky Strike account, sleazebag antihero Don Draper asks the client exactly how cigarettes are made. They talk through the process, mentioning the tobacco is toasted – and...
    On the Left | 30-10
  • Owners of the wind
    Thirty-odd years ago in the Kingdom of Denmark lived some brave people who disliked nuclear power and loved renewable energy. Determined to keep their country clean and safe, they began building their own wind turbines. Today, thanks to these passionate...
    Greenpeace NZ blog | 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...
    frogblog | 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...
    frogblog | 30-10
  • TPPA Bulletin #58
    NATIONAL DAY OF ACTION 8 NOVEMBER 2014 Auckland, Hamilton, Raglan, Tauranga, Rotorua, Gisborne, New Plymouth, Napier, Palmerston North, Levin,Wellington, Nelson, Christchurch, Timaru, Dunedin,Invercargill. REGIONAL UPDATES Auckland (1:00 pm at Aotea Square): speakers include Robyn Malcolm (Actors Equity), Bunny McDiarmid (Greenpeace), Dayle Takitimu...
    NZ – Not for sale | 30-10
  • Seabed mining: drums in the deep
    Out on the Chatham Rise, the ridge jutting into the waters off Christchurch and extending out beyond the Chathams, Chatham Rock Phosphate has a mining permit and is now seeking EPA approval for its project to mine phosphate for fertiliser,...
    Pundit | 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 again...
    CTU | 30-10
  • Contact’s big solar buy-back drop bad news for Kiwis with solar
    The Green Party are calling for a law change to establish an independent umpire to set fair and reasonable buy-back rates after Contact Energy announced, from today, new small scale solar and wind generators will receive 50 percent less for...
    Greens | 01-11
  • John Key’s asset sales outed by his own Minister
    National needs to come clean about the motivations behind selling state houses after Paula Bennett's asset sale admission, said the Green Party today.On Saturday, Paula Bennett, the Minister for Social Housing admitted, in a televised interview, that the sale of...
    Greens | 01-11
  • James Shaw speaks on the four Bills formerly known as the Accounting Infras...
    The assurance industry is a critical component of our economic framework. The idea that there is a trusted independent watchdog of the public interest underpins investor confidence and ensures financial probity on behalf of our country's leading institutions. New Zealand...
    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
  • 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
  • False birth registration brings home detention
    A Whangarei woman who attempted to register the birth of a fictitious child to claim a sole parent benefit was sentenced to six months home detention in the Whangarei District Court today....
    Scoop politics | 29-10
  • Family of Robert Ellis demand a proper investigation
    The family of a New Zealander killed in Indonesia are growing increasingly concerned at the lack of information they’ve received, and the handling of the investigation into his murder....
    Scoop politics | 29-10
Public service advertisements by The Standard

Current CO2 level in the atmosphere