Financial terrorists strike Christchurch, thousands with wrecked dwellings held hostage, Terrorists demand $500 million ransom from the government. As the crisis unfolds the terrorists demands are expected to increase to $1 billion.
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John Balmforth AMI head, says they have enough to pay out on all their earthquake damage policy claims – estimated cost, $1 billion.
AMI has $600 million of reinsurance cover and about $500m in cash and investments which would be enough to cover all claims, but would leave the company financially strapped.
AMI chief executive John Balmforth:
“We have not had events of this magnitude before. But we had $600 million reinsurance for the first event and we have another tranche of $600 million we can draw down on and another tranche of $400 millon we can draw down on,” he said.
Bamforth said AMI “had no issues meeting its commitments” “There will be increases in premiums nationally. I think these will be across the board, that’s just going to be a flow-on effect,” Balmforth said AMI was backed by some of the largest international reinsurers based in Bermuda and other parts of the world. Claims would be met. “I’m completely confident we can cover this. I’ve had messages from reinsurers offering support and saying they are ready to assist.”
In my opinion, it is probable that an honest effort by AMI to meet their commitments without government help would seriously effect AMI’s position in the insurance market. By paying their bills like an honest citizen would by necessity entail serious downsizing by AMI, with a resulting loss in market share, even complete collapse.
But so be it. It is not their money, it was deposited with them by their policy holders for just such an event. So rather than pay back their policy holders with ‘their’ money AMI gets to keep it, and we the taxpayer pay out instead?
So, How does this work again?
The Government comes up with eye watering amounts of public money to allow a bankrupt private company to avoid it’s responsibilities and continue to be a major player in the insurance market, ensuring that this corporate will be around to reap the higher premiums that John Balmforth speaks of.
Tax paid Social Welfare to big companies and private investors, comes at the expense of the Social Insurance Policies that this money was supposed to provide for.
So when families are poorly housed and children get sick and their parents can’t afford the medical bills, and they get sicker. They can comfort their children, by relating to them the warm fuzzy fairy tale ending for AMI that Mum and Dad helped pay for.
“So darling the government propped up a bankrupt private insurance company, they did this by bankrupting the state, so despite your Mummy and Daddy and Grandma and Granddad paying taxes all their lives, that is the reason why you can’t get into the public hospital.”
With not even the flimsy excuse that AMI was part of the outrageous Deposit Guarantee scheme… What possible moral justification can the government give for this bailout?
I read 2 stories in Stuff’s Business section this morning on Tax Havens. The stories are not that prominent on the site, but they show a significant process that is part of the way the global financial/money system works to maintain and extend the wealth gap. The articles point to the way Tax Havens are an essential part of this system, Where the Rich… Get Richer:
BRITISH AUTHOR Nicholas Shaxson wants you to forget everything you think you know about tax havens. The author of Treasure Islands believes even calling them tax havens is a misnomer.
They should be called “obligation havens”, he says, because dodging tax is just one of many obligations the world’s rich and crooked avoid by using them.
…
But back to the the global financial crisis. Havens allowed toxic brews of subprime loans to be mixed, repackaged and sold away from the eyes of regulators, Shaxson said. They allowed companies to grow and take on vastly more risk than regulators realise because they could see only a part of the operations of multi-nationals such as Lehman Brothers.
Shaxson dismisses pro-haven cheerleaders who claim they keep politicians honest by capping the tax they can impose on their citizens. Tax havens are for the rich, the criminal and the powerful, and opposed to the interests of the rank and file of society, who can’t afford the lawyers, accountants and tax advisers to take advantage of them, he said.
This and the second article, on the NZ government’s opposition to a UN initiative to tackle tax haven abuse say that NZ is also being used as a tax haven by some of the wealthy in other countries.
Shaxson, who has become famous following the publication of Treasure Islands: Tax Havens and the Men Who Stole the World, said New Zealand is letting down the developing world.
He has also revealed that New Zealand has a growing reputation as an offshore haven itself. He predicts New Zealand will appear on the Tax Justice Network’s Financial Secrecy Index by 2013.
He has also revealed that New Zealand has a growing reputation as an offshore haven itself. He predicts New Zealand will appear on the Tax Justice Network’s Financial Secrecy Index by 2013.
Sounds like a nice little thing to pin on National / Key.
Lynn: the quote button is even more munted today, I can’t turn it off at all. It looks like you’ve changed how the enter key works – it used to insert a paragraph break (that could eventually stop the block quote), but now it only does line feeds and so can’t be used to break out of quote mode. I took your suggestion of selecting the text to be quoted and hitting the quote button, but it doesn’t work. Clicking the unquote button just unquotes the whole block.
Wikipedia – not necessarily the most reliable of sources – currently categorises NZ as a tax haven because it:
“…does not tax foreign income derived by NZ trusts settled by foreigners of which foreign residents are the beneficiaries. Nor does it tax the foreign income of new residents for four years. No capital gains tax.”
Should the tax reductions have been reversed because of the Christchurch earthquakes? No – it’s absurd to think that immediately an event occurs taxes are tweaked. At the very least it takes time to evaluate and implement significant monetary changes.
Should the tax reductions be reconsidered? Yes, this year’s budget is an appropriate time to announce any changes if they are thought necessary, but they are problematic, it’s unlikely the GST rate will be dropped back down, or taken off selected categories, so increasing taxes risks further stalling a struggling economy.
So you would rather wreck our public and social services then?
Tell me Peter, how many hospitals did National close between 1990-99 and how many did Labour close between 1999 and 2008?
Ill tell you. When labour put taxes up in 1999, the money went into HOSPITALS AND HEALTH CARE SERVICES. No hospital closed after 1999. But you are quite happy to have solo mother live on the street, and have American style health care so the rich can pay a few dollars less in tax.
And given that you have opposed wage increases for workers (I suppose you want wages to go back to 1999 levels like Don Brash does), you see a future of misery for people
But you are quite happy to have solo mother live on the street, and have American style health care so the rich can pay a few dollars less in tax.
Bullshit. I have never suggested anything like that.
* I support a fair welfare state.
* I have never mentioned an American style health system here, and have never supported an American style health system.
And given that you have opposed wage increases for workers
Bullshit again. I have never suggested anything like that. I have questioned why the amount of $15 per hour is being claimed to being some magical fix, I have never seen yet anyone justify that over any alternate amount. No data to support it.
Go and do some of your own research like you did the other day. There should be plenty on Union websites (try CTU for a start maybe). From memory the Unions want it pegged around 66% of the median wage which is more than $15.
$15 just happens to be the minimum wage in Oz, must have been suggested to close that gap 😀
Good on Ya Felix. I also see no point in replying to the repetitive time-wasting and frankly overly distractive slogans that are spewing from the right. Personally I want to concentrate on far more interesting events,
Like sharing the information that is already out there
Like getting every voter i know to not vote for any of the major parties
CERRA has a lot to answer for and I for one do not see the point in voting for people who voted against Democracy
I am beginning to believe NZ must sacrifice this election and send a very clear message to the troughers, shape up or piss off
I am fairly confident that the thousands and thousands of people who actually run the country will welcome the opportunity to do their job without seasoned MP’s constantly twisting the rules, changing the game-plan and generally shitting on NZ again and again and again
Pete, either we raise taxes to cover the shortfall in the budget now due to the earthquake, or we borrow the money.
If we borrow the money, we have to pay interest on it. The amount borrowed + the interest must be paid back at a future date, from taxes. So we either pay taxes on the principal now, or we pay taxes on the principal and interest over time.
Therefore refusing to raise taxes now, for this one-off event, will cost us more over time.
It would still require an increase in taxes so that the government can redirect our resources into fixing up that damaged by the disaster. As I’ve said, money is not a resource.
DTB,
I agree with you but to be honest I’d rather pay taxes towards helping the people in Christchurch and things Kiwi’s need than taxes to pay the banksters interest on money they created out of thin air.
It’s a tricky balancing act Lanthanide, with no guarantee that whatever is chose is the right mix. Taxing more runs the risk of stifling a recovery which runs the risk of lowering the tax take or keeping it low for longer.
It’s easy to say “we should raise taxes”, or “we should borrow more” (as Helen Kelly suggested on Q+A this morning), but those who make the decisions have a lot more complexities to consider.
And as Jon Johansson said on Q+A this morning this government is only pragmatic within its ideological straight jacket. The point being made that this government has ignored the complexities and is ruling out even temporary tax increases in favour of its ideologically based solutions.
There is very little evidence for the supply side nonsense you are peddling. Cuts run exactly the same risk you are talking about, so it’s a wash in that respect.
That point was reinforced in the discussion with English when he was talking about Treasury advice around the benefits of privatisation. Treas was saying that there is very little evidence that the private sector would run the companies any better, and Old Bill could only fall back on dogma.
It would be nice to think that this government was ‘considering the complexities’, but as the panel agreed on Q+A there are concerns that they are not, and little evidence that they are.
Don’t worry Jim Nald: The panel dealt to him afterwards. Good to see Helen Kelly on the panel and a ‘respectful’ Paul Holmes who didn’t interrupt her once.
I agree Anne. I nearly didn’t turn on the programme but figured there was not much else on for my morning cuppa! Holmes was much better by staying more in the background: I normally can’t stand his opinionated nonsense. Espiner asked harder questions than the usual patsy, but what was most interesting for me was English trotted out his usual ideological nonsense, but his eyes and general lack of enthusiasm suggested he no longer believed it.
but his eyes and general lack of enthusiasm suggested he no longer believed it.
Now that is interesting. Maybe he’s waking up to the fact that ideology doesn’t trump reality – it was his ideological plan that prevented NZ coming out of recession after all. Not that I’m holding my breath about it.
I dreaded checking out Q&A online and thought I might have needed to take some sedatives first (perhaps, like Holmes, who was administered some today before the cameras started rolling?) before viewing the Guyon-English interview: http://tvnz.co.nz/q-and-a-news/sunday-april-10-4108966/video
This lodge was in the news 3 years ago, there was a huge fuss over it Labour promised to do something about it, but then everything died down, and National got in, and people there still live in misery. And as rents skyrocket, and landlords get more choosy about what tenants they choose to house, and as Housing NZ wash there hands of more and more people, and start kicking more and more tenants out, squalid boarding houses, are going to grow and grow.
Housing Minister Phil Heatley said: “We’re there to help people who need a state house – not those who would like a state house.”
From the Herald article.
I am in a 2 bedroom State House, and I want a transfer, because although I need subsidised housing (on UB), I don’t need two bedrooms. But I am currently having a huge battle with HNZ over other issues, so a transfer is way down the list for me. Survival mode. Honestly any of the families in that article could have this place, if I had my way. But I am just managing to survive myself! I wish I could help one of those families. I wish even more, that the NACT government would do what it’s supposed and help all of them!
The National Government offer to bailout AMI to the tune of more than a Billion dollars. The privately owned company has had financial difficulty since the Christchurch Earthquake and improper re-insurance. In light of the South Canterbury Finance hash and despite the Treasury advising John Key that South Canterbury Finance was never compliant with the scheme…
Wendy Pye, NZ literacy entrepreneur, was on Chris Laidlaw on Radionz this morning. People like her should get listened to, she has been a business and educational plan success, has a good product doing good things around the world. that magic word ‘exporter’. Not ‘dairy producer’, but ‘advanced high-end products producer’.
She has an excellent take on NZ, business and the export market as she has been round long enough to have wide experience with successes and failures, and how to survive both. She is held at arms length by Min of Education though embraced by other achievement focussed governments. This seems to follow from what I see is a negative attitude amongst NZs to trying anything new, stepping out from the known. And one of the problems is that the bureaucrats and academics are concerned about dealing with private enterprise. I think they can’t differentiate between having Macdonalds sponsoring schools and successful, experienced non-religious or narrowly ideological companies focussed solely on educational tools.
I referred to NZ negativity in the waka controversy which idea suffered death from a thousand whiny criticisms from contributors here, ie I don’t like plastic, Maori can’t make good decisions about showing their culture. Wendy’s products appear to have received less than positive treatment probably with the same mindset. I thought also of Peter Snell, such a success but not embraced and drawn back to this country – he has been in Texas for years.
BTW Texas is planning a new wide-ranging project for literacy. Here at the bottom of the world we have tight-minded smug middle-class Ann Tolley whose low horizon is viewed from a entrenched trench, choosing National Standards as her lead initiative in schools. Yet Wendy Pye points out our good record in literacy, the problem being the large ‘tail’ of non-readers, prevented from obtaining worthwhile work and achieving prosperity by their lack of literacy, and that most of our jail inmates bear this disadvantage.
Yeah, but I found myself getting increasingly bored as Laidlaw and Pye started going on endlessly about the alleged ‘tall-poppy syndrome’ in this Country. The same old scolding of the New Zealand public for not treating entrepreneurs as some sort of Super-Heroes. Yawwwwnnnnn.
The Mainfreight genius talking on the Dimpost wants less bureaucracy and regulation. Isn’t that firm where sweet Jenny Shipley presides? Pollies from NACT get consolation so often with the old saying ‘When one door closes, another opens’ don’t they?
D..Damn
You may be tired of the tall poppy syndrome being mentioned but facing it becomes more relevant as we move through the decade and I think it is time for a change.
We need to be as supportive of our entrepreneurs and successful projects of all types that are beneficial to the country, as we are of sports people. They work hard to help themselves trying for personal success; sound, innovative businesses that achieve success help the country.
But nor should we forget the people who enable them to achieve that success. We shouldn’t enable entrepreneurs to succeed at the expense of their employees’ rights to fair pay and fair treatment for fair work.
I have always approved Mat McCartens opinions and I admire the way he overcame a bad speech impediment .However these days he seems to spend more time attacking the Labour Party and in particular Phil Goff. What the hell is he playing at? The enemy is the Tory Party.,The only conclusion I can come up with is that there is a personal vendeta going on with Phil,Goff.Get back on Board Matt its going to be hard enough to win the next election with out you attacking Labour at every opportunity .
The enemy is the Tory Party.
Seems that the purpose of having a Labour Party is to enable people on low to average wages to earn sufficient to have a full life, and bring in country-wide policies that are good for all. To get this requires that Labour wins, but merely winning is not enough for a left-wing party to achieve – the policies, the direction, the vision, the problem-solving need to follow.
So, if Labour get roughly their current level of support (low 30’s) could there be only one or two new list MPs? (plus several from “safe” electorate seats?)
It doesn’t look very inspiring – no noticeable new names apart from Andrew Little. If Labour lose, there’s going to be a big clear out for 2014 (Barker, Horomia, King, Mallard, Goff etc).
At the time of writing, The Poll on that page puts Lab/G/NZ1 combined vote of 387 higher than M/UF/ACT/Nat 316.
Ideally that would be indicative of the long term trend. Lets see what One News has to say tonight on their poll.
Actually, the Labour list looks to me like a reasonable mix of relative newbies (class of 2008) and experienced MPs. It looks like there is a gradual turn-over of new MPs, which is for the best, rather than a radical clean-out of ALL the old hands.
When are people going to start complaining about foreign banks deciding our economic future for us? Saturday, 9 April 2011, 2:26 pm Press Release: The Nation‘THE NATION’
GEORGE FRAZIS – Westpac New Zealand CEO Interviewed by DUNCAN GARNER
Duncan Let’s talk about the state of the economy in the wake of the AMI decision and how does the country afford this rescue package and the bail out of South Canterbury Finance for that matter? Well some say we can’t afford it and we can’t afford to keep bailing out bad business decisions, they say if we do we’ll go broke. So how close are we to going broke? The Chief Executive of Westpac New Zealand George Frazis is with me now.
There’s a small baby step each Kiwi can make for a real difference –
Walk away from foreign banks
And put money into locally owned banks like TSB Bank and Kiwibank
Go on. Do it now.
Open an account with http://www.tsbbank.co.nz or http://www.kiwibank.co.nz,
then move funds and mortgage into either.
I don’t think National have done anything to suggest they would try and privatise Kiwibank. Remember, this is a voter cautious, slow action or no action government. Any proposed asset sales are likely to clearly signposted pre election. If Labour have a strategy of vehemently opposing a modest number of partial asset sales it may reinforce the perception they are just exaggeration junkies.
Actually, vehement is not the best description, passion and enthusiasm may be wrongly inferred – going through the motions of loudly protesting for the sake of it may be more appropriate.
http://www.stuff.co.nz/national/politics/562746
2008 – and since then Key has had to categorically deny they’d sell while he is PM
“Mr English refers to the voters’ view of “that nice man John Key” and his appeal to “Labour-plus” voters – people who believed National would let them keep all Labour’s money, with more on top.
He also refers to needing to “sort out” Working for Families and suggests National will sell Kiwibank “eventually, but not now”.”
That is well worth the read and so very close to the truth. We’re expected to worship the businessmen whether they’re capable of what’s expected of them or not.
Paula Bennett on people having to go through a budgeting exercise before applying for a hardship grant:
“They could go online and fill out a budgeting form”
Right, like all Decile 1 households have a computer. What fucking planet is she on?
Two intrepid dudes encounter stray animals, torn apart roads and deserted settlements as they film their trip to measure the radiation from 30 km out to 1.5 km away from Fukushima.
“They’re banging porn stars and you’re getting the crabs”
“While the Republicans, the party of millionaires, is shutting the government down because they can’t have a tax-free world. As Paul Ryan says, ‘It’s not a budget it’s a cause’, like slavery…”
When will The Standard email me the bank account number so that I can make monthly cash donations?
Will be good to be provided with a pdf version of “best of the week’s” posts (maybe including comments from others) so that they can be printed on A3 or A4.
I would be willing to stand at street corners or outside supermarkets for a few hours on Fri-Sun and sell them (with money being deposited back into The Standard’s bank account) or to give away. The point is to encourage the wider dissemination of the issues raised by TS.
Whadyareckon?
Will be good to be provided with a pdf version of “best of the week’s” posts (maybe including comments from others) so that they can be printed on A3 or A4.
This has been commented on before – you’re quite welcome to put one together. I believe others already do pass out copies.
Guess I can just copy and paste or print out separate, selected pieces but
I’d prefer to have an official or endorsed pdf version for hard copies to be printed …
It’s amazing to think that I was born into a republican, conservative, christian, homeschooling family in the middle of the Bible Belt. How far I’ve come since then. After learning more about the world, and having to actually work for a living, I have rejected all of the economic philosophies that I was taught as part of that community. If there is one thing I have learned, it’s that the only true lazy, corrupt welfare queens living off of handouts are believers in conservative economics.
Yes Draco, scrolled down and read that particular comment and it wondered how many more peiople were coming to the same realisation in America.
Still, I think it’s going to take maybe 50% of Ameicans on food stamps before they’re angry enough to do something about it and figuratively eviserate the GOPlets.
You know M, it is amazing that in the wealthiest country in the world they appear to not understand the disaster of their own Health system. The strange story from the “pole-axed Rethuglican” that the British Health System was and example of failure because “his sister couldn’t get an epidural because they thought she was too fit.” Aha. There you have it if the Brit Health system don’t want to give you an epidural so the System is a complete failure. Huh?
I think NZ has one of the least expensive with the finest effectiveness in the World. (Unless you believe it when Tony Ryall that it is a disaster.)
Yes ianmac, NZ’s system isn’t perfect and there are medical disasters that make my blood boil but I’d rather have “socialist” health care than the bloated, corrupt and “loaded dice” system where every possible avenue is explored to turn down a legitimate insurance claim.
I also believe the epidural refusal was if not a complete fabrication then a definite stretching of the truth. Having had epidurals for both my kids as I had a 20-hour and a 12-hour labour there are few situations where a woman cannot have one provided there is time and I would hope that most obstetricians would not be so sadistic as to refuse one. Even if a woman is chided about having one she should go all out to have one if she wants it – screaming down the birthing ward would probably be enough to convince a reluctant doctor.
When my youngest was born she had a ABO incompatibilty problem and the treatment she received in neonatal was first class. I hate to imagine what parents in the US would pay for such treatment although I’m sure Tony and his mob are working overtime to bring about such a situation.
Well, I've been there, sitting in that same chairWhispering that same prayer half a million timesIt's a lie, though buried in disciplesOne page of the Bible isn't worth a lifeThere's nothing wrong with youIt's true, it's trueThere's something wrong with the villageWith the villageSomething wrong with the villageSongwriters: Andrew Jackson ...
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The decision to unilaterally repudiate the contract for new Cook Strait ferries is beginning to look like one of the stupidest decisions a New Zealand government ever made. While cancelling the ferries and their associated port infrastructure may have made this year's books look good, it means higher costs later, ...
Hi there! I’ve been overseas recently, looking after a situation with a family member. So apologies if there any less than focused posts! Vanuatu has just had a significant 7.3 earthquake. Two MFAT staff are unaccounted for with local fatalities.It’s always sad to hear of such things happening.I think of ...
Today is a special member's morning, scheduled to make up for the government's theft of member's days throughout the year. First up was the first reading of Greg Fleming's Crimes (Increased Penalties for Slavery Offences) Amendment Bill, which was passed unanimously. Currently the House is debating the third reading of ...
We're going backwardsIgnoring the realitiesGoing backwardsAre you counting all the casualties?We are not there yetWhere we need to beWe are still in debtTo our insanitiesSongwriter: Martin Gore Read more ...
Willis blamed Treasury for changing its productivity assumptions and Labour’s spending increases since Covid for the worsening Budget outlook. Photo: Getty ImagesMōrena. Long stories short, the six things that matter in Aotearoa’s political economy around housing, climate and poverty on Wednesday, December 18 in The Kākā’s Dawn Chorus podcast above ...
Today the Auckland Transport board meet for the last time this year. For those interested (and with time to spare), you can follow along via this MS Teams link from 10am. I’ve taken a quick look through the agenda items to see what I think the most interesting aspects are. ...
Hi,If you’re a New Zealander — you know who Mike King is. He is the face of New Zealand’s battle against mental health problems. He can be loud and brash. He raises, and is entrusted with, a lot of cash. Last year his “I Am Hope” charity reported a revenue ...
Probably about the only consolation available from yesterday’s unveiling of the Half-Yearly Economic and Fiscal Update (HYEFU) is that it could have been worse. Though Finance Minister Nicola Willis has tightened the screws on future government spending, she has resisted the calls from hard-line academics, fiscal purists and fiscal hawks ...
The right have a stupid saying that is only occasionally true:When is democracy not democracy? When it hasn’t been voted on.While not true in regards to branches of government such as the judiciary, it’s a philosophy that probably should apply to recently-elected local government councillors. Nevertheless, this concept seemed to ...
Long story short: the Government’s austerity policy has driven the economy into a deeper and longer recession that means it will have to borrow $20 billion more over the next four years than it expected just six months ago. Treasury’s latest forecasts show the National-ACT-NZ First Government’s fiscal strategy of ...
Come and join myself and CTU Chief Economist for a pop-up ‘Hoon’ webinar on the Government’s Half Yearly Economic and Fiscal Update (HYEFU) with paying subscribers to The Kākā for 30 minutes at 5 pm today.Jump on this link on YouTube Livestream to watch our chat. Don’t worry if ...
In 1998, in the wake of the Paremoremo Prison riot, the Department of Corrections established the "Behaviour Management Regime". Prisoners were locked in their cells for 22 or 23 hours a day, with no fresh air, no exercise, no social contact, no entertainment, and in some cases no clothes and ...
New data released by the Treasury shows that the economic policies of this Government have made things worse in the year since they took office, said NZCTU Economist Craig Renney. “Our fiscal indicators are all heading in the wrong direction – with higher levels of debt, a higher deficit, and ...
At the 2023 election, National basically ran on a platform of being better economic managers. So how'd that turn out for us? In just one year, they've fucked us for two full political terms: The government's books are set to remain deeply in the red for the near term ...
AUSTERITYText within this block will maintain its original spacing when publishedMy spreadsheet insists This pain leads straight to glory (File not found) Read more ...
The NZCTU Te Kauae Kaimahi are saying that the Government should do the right thing and deliver minimum wage increases that don’t see workers fall further behind, in response to today’s announcement that the minimum wage will only be increased by 1.5%, well short of forecast inflation. “With inflation forecast ...
Oh, I weptFor daysFilled my eyesWith silly tearsOh, yeaBut I don'tCare no moreI don't care ifMy eyes get soreSongwriters: Paul Rodgers / Paul Kossoff. Read more ...
This is a re-post from Yale Climate Connections by Bob HensonIn this aerial view, fingers of meltwater flow from the melting Isunnguata Sermia glacier descending from the Greenland Ice Sheet on July 11, 2024, near Kangerlussuaq, Greenland. According to the Programme for Monitoring of the Greenland Ice Sheet (PROMICE), the ...
In August, I wrote an article about David Seymour1 with a video of his testimony, to warn that there were grave dangers to his Ministry of Regulation:David Seymour's Ministry of Slush Hides Far Greater RisksWhy Seymour's exorbitant waste of taxpayers' money could be the least of concernThe money for Seymour ...
Willis is expected to have to reveal the bitter fiscal fruits of her austerity strategy in the HYEFU later today. Photo: Lynn Grieveson/TheKakaMōrena. Long stories short, the six things that matter in Aotearoa’s political economy around housing, climate and poverty on Tuesday, December 17 in The Kākā’s Dawn Chorus podcast ...
On Friday the government announced it would double the number of toll roads in New Zealand as well as make a few other changes to how toll roads are used in the country. The real issue though is not that tolling is being used but the suggestion it will make ...
The Prime Minister yesterday engaged in what looked like a pre-emptive strike designed to counter what is likely to be a series of depressing economic statistics expected before the end of the week. He opened his weekly post-Cabinet press conference with a recitation of the Government’s achievements. “It certainly has ...
This whooping cough story from south Auckland is a good example of the coalition government’s approach to social need – spend money on urging people to get vaccinated but only after you’ve cut the funding to where they could get vaccinated. This has been the case all year with public ...
And if there is a GodI know he likes to rockHe likes his loud guitarsHis spiders from MarsAnd if there is a GodI know he's watching meHe likes what he seesBut there's trouble on the breezeSongwriter: William Patrick Corgan Read more ...
Here’s a quick round up of today’s political news:1. MORE FOOD BANKS, CHARITIES, DOMESTIC VIOLENCE SHELTERS AND YOUTH SOCIAL SERVICES SET TO CLOSE OR SCALE BACK AROUND THE COUNTRY AS GOVT CUTS FUNDINGSome of Auckland's largest foodbanks are warning they may need to close or significantly reduce food parcels after ...
Iain Rennie, CNZMSecretary and Chief Executive to the TreasuryDear Secretary, Undue restrictions on restricted briefings This week, the Treasury barred representatives from four organisations, including the New Zealand Council of Trade Unions Te Kauae Kaimahi, from attending the restricted briefing for the Half-Year Economic and Fiscal Update. We had been ...
This is a guest post by Tim Adriaansen, a community, climate, and accessibility advocate.I won’t shut up about climate breakdown, and whenever possible I try to shift the focus of a climate conversation towards solutions. But you’ll almost never hear me give more than a passing nod to ...
A grassroots backlash has forced a backdown from Brown, but he is still eyeing up plenty of tolls for other new roads. And the pressure is on Willis to ramp up the Government’s austerity strategy. Photo: Getty ImagesMōrena. Long stories short, the six things that matter in Aotearoa’s political economy ...
Hi all,I'm pretty overwhelmed by all your messages and emails today; thank you so very much.As much as my newsletter this morning was about money, and we all need to earn money, it was mostly about world domination if I'm honest. 😉I really hate what’s happening to our country, and ...
A listing of 23 news and opinion articles we found interesting and shared on social media during the past week: Sun, December 8, 2024 thru Sat, December 14, 2024. Listing by Category Like last week's summary this one contains the list of articles twice: based on categories and based on ...
I started writing this morning about Hobson’s Pledge, examining the claims they and their supporters make, basically ripping into them. But I kept getting notifications coming through, and not good ones.Each time I looked up, there was another un-subscription message, and I felt a bit sicker at the thought of ...
Once, long before there was Harry and Meghan and Dodi and all those episodes of The Crown, they came to spend some time with us, Charles and Diana. Was there anyone in the world more glamorous than the Princess of Wales?Dazzled as everyone was by their company, the leader of ...
The collective right have a problem.The entire foundation for their world view is antiscientific. Their preferred economic strategies have been disproven. Their whole neoliberal model faces accusations of corporate corruption and worsening inequality. Climate change not only definitely exists, its rapid progression demands an immediate and expensive response in order ...
Just ten days ago, South Korea's president attempted a self-coup, declaring martial law and attempting to have opposition MPs murdered or arrested in an effort to seize unconstrained power. The attempt was rapidly defeated by the national assembly voting it down and the people flooding the streets to defend democracy. ...
Hi,“What I love about New Zealanders is that sometimes you use these expressions that as Americans we have no idea what those things mean!"I am watching a 30-something year old American ramble on about how different New Zealanders are to Americans. It’s his podcast, and this man is doing a ...
What Chris Penk has granted holocaust-denier and equal-opportunity-bigot Candace Owens is not “freedom of speech”. It’s not even really freedom of movement, though that technically is the right she has been granted. What he has given her is permission to perform. Freedom of SpeechIn New Zealand, the right to freedom ...
All those tears on your cheeksJust like deja vu flow nowWhen grandmother speaksSo tell me a story (I'll tell you a story)Spell it out, I can't hear (What do you want to hear?)Why you wear black in the morning?Why there's smoke in the air? Songwriter: Greg Johnson.Mōrena all ☀️Something a ...
2024 is now officially my best-ever year for short stories. My 1,850-word dark fantasy piece, As Our Power Lessens, has been accepted for the upcoming solstice edition of Eternal Haunted Summer (https://eternalhauntedsummer.com/), thereby making that six published short stories for the calendar year. As always, see the Bibliography page for ...
National has only been in power for a year, but everywhere you look, its choices are taking New Zealand a long way backwards. In no particular order, here are the National Government's Top 50 Greatest Misses of its first year in power. ...
The Government is quietly undertaking consultation on the dangerous Regulatory Standards Bill over the Christmas period to avoid too much attention. ...
The Government’s planned changes to the freedom of speech obligations of universities is little more than a front for stoking the political fires of disinformation and fear, placing teachers and students in the crosshairs. ...
The Ministry of Regulation’s report into Early Childhood Education (ECE) in Aotearoa raises serious concerns about the possibility of lowering qualification requirements, undermining quality and risking worse outcomes for tamariki, whānau, and kaiako. ...
A Bill to modernise the role of Justices of the Peace (JP), ensuring they remain active in their communities and connected with other JPs, has been put into the ballot. ...
Labour will continue to fight unsustainable and destructive projects that are able to leap-frog environment protection under National’s Fast-track Approvals Bill. ...
The Green Party has warned that a Green Government will revoke the consents of companies who override environmental protections as part of Fast-Track legislation being passed today. ...
The Green Party says the Half Year Economic and Fiscal Update shows how the Government is failing to address the massive social and infrastructure deficits our country faces. ...
The Government’s latest move to reduce the earnings of migrant workers will not only hurt migrants but it will drive down the wages of Kiwi workers. ...
Te Pāti Māori has this morning issued a stern warning to Fast-Track applicants with interests in mining, pledging to hold them accountable through retrospective liability and to immediately revoke Fast-Track consents under a future Te Pāti Māori government. This warning comes ahead of today’s third reading of the Fast-Track Approvals ...
The Government’s announcement today of a 1.5 per cent increase to minimum wage is another blow for workers, with inflation projected to exceed the increase, meaning it’s a real terms pay reduction for many. ...
All the Government has achieved from its announcement today is to continue to push responsibility back on councils for its own lack of action to help bring down skyrocketing rates. ...
The Government has used its final post-Cabinet press conference of the year to punch down on local government without offering any credible solutions to the issues our councils are facing. ...
The Government has failed to keep its promise to ‘super charge’ the EV network, delivering just 292 chargers - less than half of the 670 chargers needed to meet its target. ...
The Green Party is calling for the Government to stop subsidising the largest user of the country’s gas supplies, Methanex, following a report highlighting the multi-national’s disproportionate influence on energy prices in Aotearoa. ...
The Green Party is appalled with the Government’s new child poverty targets that are based on a new ‘persistent poverty’ measure that could be met even with an increase in child poverty. ...
New independent analysis has revealed that the Government’s Emissions Reduction Plan (ERP) will reduce emissions by a measly 1 per cent by 2030, failing to set us up for the future and meeting upcoming targets. ...
The loss of 27 kaimahi at Whakaata Māori and the end of its daily news bulletin is a sad day for Māori media and another step backwards for Te Tiriti o Waitangi justice. ...
Yesterday the Government passed cruel legislation through first reading to establish a new beneficiary sanction regime that will ultimately mean more households cannot afford the basic essentials. ...
Today's passing of the Government's Residential Tenancies Amendment Bill–which allows landlords to end tenancies with no reason–ignores the voice of the people and leaves renters in limbo ahead of the festive season. ...
After wasting a year, Nicola Willis has delivered a worse deal for the Cook Strait ferries that will end up being more expensive and take longer to arrive. ...
Green Party co-leader Chlöe Swarbrick has today launched a Member’s Bill to sanction Israel for its unlawful presence in the Occupied Palestinian Territory, as the All Out For Gaza rally reaches Parliament. ...
After years of advocacy, the Green Party is very happy to hear the Government has listened to our collective voices and announced the closure of the greyhound racing industry, by 1 August 2026. ...
In response to a new report from ERO, the Government has acknowledged the urgent need for consistency across the curriculum for Relationship and Sexuality Education (RSE) in schools. ...
The Green Party is appalled at the Government introducing legislation that will make it easier to penalise workers fighting for better pay and conditions. ...
Thank you for the invitation to speak with you tonight on behalf of the political party I belong to - which is New Zealand First. As we have heard before this evening the Kinleith Mill is proposing to reduce operations by focusing on pulp and discontinuing “lossmaking paper production”. They say that they are currently consulting on the plan to permanently shut ...
Auckland Central MP, Chlöe Swarbrick, has written to Mayor Wayne Brown requesting he stop the unnecessary delays on St James Theatre’s restoration. ...
Health Minister Dr Shane Reti says Health New Zealand will move swiftly to support dozens of internationally-trained doctors already in New Zealand on their journey to employment here, after a tripling of sought-after examination places. “The Medical Council has delivered great news for hardworking overseas doctors who want to contribute ...
Prime Minister Christopher Luxon has appointed Sarah Ottrey to the APEC Business Advisory Council (ABAC). “At my first APEC Summit in Lima, I experienced firsthand the role that ABAC plays in guaranteeing political leaders hear the voice of business,” Mr Luxon says. “New Zealand’s ABAC representatives are very well respected and ...
Prime Minister Christopher Luxon has announced four appointments to New Zealand’s intelligence oversight functions. The Honourable Robert Dobson KC has been appointed Chief Commissioner of Intelligence Warrants, and the Honourable Brendan Brown KC has been appointed as a Commissioner of Intelligence Warrants. The appointments of Hon Robert Dobson and Hon ...
Improvements in the average time it takes to process survey and title applications means housing developments can progress more quickly, Minister for Land Information Chris Penk says. “The government is resolutely focused on improving the building and construction pipeline,” Mr Penk says. “Applications to issue titles and subdivide land are ...
The Government’s measures to reduce airport wait times, and better transparency around flight disruptions is delivering encouraging early results for passengers ahead of the busy summer period, Transport Minister Simeon Brown says. “Improving the efficiency of air travel is a priority for the Government to give passengers a smoother, more reliable ...
The Government today announced the intended closure of the Apollo Hotel as Contracted Emergency Housing (CEH) in Rotorua, Associate Housing Minister Tama Potaka says. This follows a 30 per cent reduction in the number of households in CEH in Rotorua since National came into Government. “Our focus is on ending CEH in the Whakarewarewa area starting ...
The Government will reshape vocational education and training to return decision making to regions and enable greater industry input into work-based learning Tertiary Education and Skills Minister, Penny Simmonds says. “The redesigned system will better meet the needs of learners, industry, and the economy. It includes re-establishing regional polytechnics that ...
The Government is taking action to better manage synthetic refrigerants and reduce emissions caused by greenhouse gases found in heating and cooling products, Environment Minister Penny Simmonds says. “Regulations will be drafted to support a product stewardship scheme for synthetic refrigerants, Ms. Simmonds says. “Synthetic refrigerants are found in a ...
People travelling on State Highway 1 north of Hamilton will be relieved that remedial works and safety improvements on the Ngāruawāhia section of the Waikato Expressway were finished today, with all lanes now open to traffic, Transport Minister Simeon Brown says.“I would like to acknowledge the patience of road users ...
Tertiary Education and Skills Minister, Penny Simmonds, has announced a new appointment to the board of Education New Zealand (ENZ). Dr Erik Lithander has been appointed as a new member of the ENZ board for a three-year term until 30 January 2028. “I would like to welcome Dr Erik Lithander to the ...
The Government will have senior representatives at Waitangi Day events around the country, including at the Waitangi Treaty Grounds, but next year Prime Minister Christopher Luxon has chosen to take part in celebrations elsewhere. “It has always been my intention to celebrate Waitangi Day around the country with different ...
Two more criminal gangs will be subject to the raft of laws passed by the Coalition Government that give Police more powers to disrupt gang activity, and the intimidation they impose in our communities, Police Minister Mark Mitchell says. Following an Order passed by Cabinet, from 3 February 2025 the ...
Attorney-General Judith Collins today announced the appointment of Justice Christian Whata as a Judge of the Court of Appeal. Justice Whata’s appointment as a Judge of the Court of Appeal will take effect on 1 August 2025 and fill a vacancy created by the retirement of Hon Justice David Goddard on ...
The latest economic figures highlight the importance of the steps the Government has taken to restore respect for taxpayers’ money and drive economic growth, Finance Minister Nicola Willis says. Data released today by Stats NZ shows Gross Domestic Product fell 1 per cent in the September quarter. “Treasury and most ...
Tertiary Education and Skills Minister Penny Simmonds and Associate Minister of Education David Seymour today announced legislation changes to strengthen freedom of speech obligations on universities. “Freedom of speech is fundamental to the concept of academic freedom and there is concern that universities seem to be taking a more risk-averse ...
Police Minister, Mark Mitchell, and Internal Affairs Minister, Brooke van Velden, today launched a further Public Safety Network cellular service that alongside last year’s Cellular Roaming roll-out, puts globally-leading cellular communications capability into the hands of our emergency responders. The Public Safety Network’s new Cellular Priority service means Police, Wellington ...
State Highway 1 through the Mangamuka Gorge has officially reopened today, providing a critical link for Northlanders and offering much-needed relief ahead of the busy summer period, Transport Minister Simeon Brown says.“The Mangamuka Gorge is a vital route for Northland, carrying around 1,300 vehicles per day and connecting the Far ...
The Government has welcomed decisions by the NZ Transport Agency (NZTA) and Ashburton District Council confirming funding to boost resilience in the Canterbury region, with construction on a second Ashburton Bridge expected to begin in 2026, Transport Minister Simeon Brown says. “Delivering a second Ashburton Bridge to improve resilience and ...
The Government is backing the response into high pathogenic avian influenza (HPAI) in Otago, Biosecurity Minister Andrew Hoggard says. “Cabinet has approved new funding of $20 million to enable MPI to meet unbudgeted ongoing expenses associated with the H7N6 response including rigorous scientific testing of samples at the enhanced PC3 ...
Legislation that will repeal all advertising restrictions for broadcasters on Sundays and public holidays has passed through first reading in Parliament today, Media Minister Paul Goldsmith says. “As a growing share of audiences get their news and entertainment from streaming services, these restrictions have become increasingly redundant. New Zealand on ...
Today the House agreed to Brendan Horsley being appointed Inspector-General of Defence, Justice Minister Paul Goldsmith says. “Mr Horsley’s experience will be invaluable in overseeing the establishment of the new office and its support networks. “He is currently Inspector-General of Intelligence and Security, having held that role since June 2020. ...
Minister of Internal Affairs Brooke van Velden says the Government has agreed to the final regulations for the levy on insurance contracts that will fund Fire and Emergency New Zealand from July 2026. “Earlier this year the Government agreed to a 2.2 percent increase to the rate of levy. Fire ...
The Government is delivering regulatory relief for New Zealand businesses through changes to the Anti-Money Laundering and Countering Financing of Terrorism Act. “The Anti-Money Laundering and Countering Financing of Terrorism Amendment Bill, which was introduced today, is the second Bill – the other being the Statutes Amendment Bill - that ...
Transport Minister Simeon Brown has welcomed further progress on the Hawke’s Bay Expressway Road of National Significance (RoNS), with the NZ Transport Agency (NZTA) Board approving funding for the detailed design of Stage 1, paving the way for main works construction to begin in late 2025.“The Government is moving at ...
The Government today released a request for information (RFI) to seeking interest in partnerships to plant trees on Crown-owned land with low farming and conservation value (excluding National Parks) Forestry Minister Todd McClay announced. “Planting trees on Crown-owned land will drive economic growth by creating more forestry jobs in our regions, providing more wood ...
Court timeliness, access to justice, and improving the quality of existing regulation are the focus of a series of law changes introduced to Parliament today by Associate Minister of Justice Nicole McKee. The three Bills in the Regulatory Systems (Justice) Amendment Bill package each improve a different part of the ...
A total of 41 appointments and reappointments have been made to the 12 community trusts around New Zealand that serve their regions, Associate Finance Minister Shane Jones says. “These trusts, and the communities they serve from the Far North to the deep south, will benefit from the rich experience, knowledge, ...
The Government has confirmed how it will provide redress to survivors who were tortured at the Lake Alice Psychiatric Hospital Child and Adolescent Unit (the Lake Alice Unit). “The Royal Commission of Inquiry into Abuse in Care found that many of the 362 children who went through the Lake Alice Unit between 1972 and ...
It has been a busy, productive year in the House as the coalition Government works hard to get New Zealand back on track, Leader of the House Chris Bishop says. “This Government promised to rebuild the economy, restore law and order and reduce the cost of living. Our record this ...
“Accelerated silicosis is an emerging occupational disease caused by unsafe work such as engineered stone benchtops. I am running a standalone consultation on engineered stone to understand what the industry is currently doing to manage the risks, and whether further regulatory intervention is needed,” says Workplace Relations and Safety Minister ...
Mehemea he pai mō te tangata, mahia – if it’s good for the people, get on with it. Enhanced reporting on the public sector’s delivery of Treaty settlement commitments will help improve outcomes for Māori and all New Zealanders, Māori Crown Relations Minister Tama Potaka says. Compiled together for the ...
Mr Roger Holmes Miller and Ms Tarita Hutchinson have been appointed to the Charities Registration Board, Community and Voluntary Sector Minister Louise Upston says. “I would like to welcome the new members joining the Charities Registration Board. “The appointment of Ms Hutchinson and Mr Miller will strengthen the Board’s capacity ...
More building consent and code compliance applications are being processed within the statutory timeframe since the Government required councils to submit quarterly data, Building and Construction Minister Chris Penk says. “In the midst of a housing shortage we need to look at every step of the build process for efficiencies ...
Mental Health Minister Matt Doocey is proud to announce the first three recipients of the Government’s $10 million Mental Health and Addiction Community Sector Innovation Fund which will enable more Kiwis faster access to mental health and addiction support. “This fund is part of the Government’s commitment to investing in ...
New Zealand is providing Vanuatu assistance following yesterday's devastating earthquake, Foreign Minister Winston Peters says. "Vanuatu is a member of our Pacific family and we are supporting it in this time of acute need," Mr Peters says. "Our thoughts are with the people of Vanuatu, and we will be ...
The Government welcomes the Commerce Commission’s plan to reduce card fees for Kiwis by an estimated $260 million a year, Commerce and Consumer Affairs Minister Andrew Bayly says.“The Government is relentlessly focused on reducing the cost of living, so Kiwis can keep more of their hard-earned income and live a ...
Regulation Minister David Seymour has welcomed the Early Childhood Education (ECE) regulatory review report, the first major report from the Ministry for Regulation. The report makes 15 recommendations to modernise and simplify regulations across ECE so services can get on with what they do best – providing safe, high-quality care ...
The Government‘s Offshore Renewable Energy Bill to create a new regulatory regime that will enable firms to construct offshore wind generation has passed its first reading in Parliament, Energy Minister Simeon Brown says.“New Zealand currently does not have a regulatory regime for offshore renewable energy as the previous government failed ...
Legislation to enable new water service delivery models that will drive critical investment in infrastructure has passed its first reading in Parliament, marking a significant step towards the delivery of Local Water Done Well, Local Government Minister Simeon Brown and Commerce and Consumer Affairs Minister Andrew Bayly say.“Councils and voters ...
New Zealand is one step closer to reaping the benefits of gene technology with the passing of the first reading of the Gene Technology Bill, Science, Innovation and Technology Minister Judith Collins says. "This legislation will end New Zealand's near 30-year ban on gene technology outside the lab and is ...
Cosmic CatastropheThe year draws to a close.King Luxon has grown tired of the long eveningsListening to the dreary squabbling of his Triumvirate.He strolls up to the top floor of the PalaceTo consult with his Astronomer Royal.The Royal Telescope scans the skies,And King Luxon stares up into the heavensFrom the terrestrial ...
Spinoff editor Mad Chapman and books editor Claire Mabey debate Carl Shuker’s new novel about… an editor. Claire: Hello Mad, you just finished The Royal Free – overall impressions? Mad: Hi Claire, I literally just put the book down and I would have to say my immediate impression is ...
Christmas and its buildup are often lonely, hard and full of unreasonable expectations. Here’s how to make it to Jesus’s birthday and find the little bit of joy we all deserve. Have you found this year relentless? Has the latest Apple update “fucked up your life”? Have you lost two ...
Despite overwhelming public and corporate support, the government has stalled progress on a modern day slavery law. That puts us behind other countries – and makes Christmas a time of tragedy rather than joy, argues Shanti Mathias. Picture the scene on Christmas Day. Everyone replete with nice things to eat, ...
Asia Pacific Report “It looks like Hiroshima. It looks like Germany at the end of World War Two,” says an Israeli-American historian and professor of holocaust and genocide studies at Brown University about the horrifying reality of Gaza. Professor Omer Bartov, has described Israel’s ongoing war on Gaza as an ...
The New Zealand government coalition is tweaking university regulations to curb what it says is an increasingly “risk-averse approach” to free speech. The proposed changes will set clear expectations on how universities should approach freedom of speech issues. Each university will then have to adopt a “freedom of speech statement” ...
Report by Dr David Robie – Café Pacific. – COMMENTARY: By Caitlin Johnstone New York prosecutors have charged Luigi Mangione with “murder as an act of terrorism” in his alleged shooting of health insurance CEO Brian Thompson earlier this month. This news comes out at the same time as ...
Pacific Media Watch The union for Australian journalists has welcomed the delivery by the federal government of more than $150 million to support the sustainability of public interest journalism over the next four years. Combined with the announcement of the revamped News Bargaining Initiative, this could result in up to ...
MONDAY“Merry Xmas, and praise the Lord,” said Sheriff Luxon, and smiled for the camera. There was a flash of smoke when the shutter pressed down on the magnesium powder. The sheriff had arranged for a photographer from the Dodge Gazette to attend a ceremony where he handed out food parcels to ...
It’s a little under two months since the White Ferns shocked the cricketing world, deservedly taking home the T20 World Cup. Since then the trophy has had a tour around the country, five of the squad have played in the WBBL in Australia while most others have returned to domestic ...
Comment: If we say the word ‘dementia’, many will picture an older person struggling to remember the names of their loved ones, maybe a grandparent living out their final years in an aged care facility. Dementia can also occur in people younger than 65, but it can take time before ...
Piracy is a reality of modern life – but copyright law has struggled to play catch-up for as long as the entertainment industry has existed. As far back as 1988, the House of Lords criticised copyright law’s conflict with the reality of human behaviour in the context of burning cassette ...
As he makes a surprise return to Shortland Street, actor Craig Parker takes us through his life in television. Craig Parker has been a fixture on television in Aotearoa for nearly four decades. He had starring roles in iconic local series like Gloss, Mercy Peak and Diplomatic Immunity, featured in ...
The Ōtautahi musician shares the 10 tracks he loves to spin, including the folk classic that cured him of a ‘case of the give-ups’. When singer-songwriter Adam McGrath returns to Kumeu’s Auckland Folk Festival from January 24-27, he’s not planning on simply idling his way through – he wants the late ...
Alex Casey spends an afternoon on the job with River, the rescue dog on a mission to spread joy to Ōtautahi rest homes.Almost everyone says it is never enough time. But River the rescue dog, a jet black huntaway border collie cross, has to keep a tight pace to ...
Asia Pacific Report Fiji activists have recreated the nativity scene at a solidarity for Palestine gathering in Fiji’s capital Suva just days before Christmas. The Fiji Women’s Crisis Centre and Fijians for Palestine Solidarity Network recreated the scene at the FWCC compound — a baby Jesus figurine lies amidst the ...
By 1News Pacific correspondent Barbara Dreaver and 1News reporters A number of Kiwis have been successfully evacuated from Vanuatu after a devastating earthquake shook the Pacific island nation earlier this week. The death toll was still unclear, though at least 14 people were killed according to an earlier statement from ...
Source: The Conversation (Au and NZ) – By Richard Scully, Professor in Modern History, University of New England Bunker.Image courtesy of Michael Leunig, CC BY-NC-SA Michael Leunig – who died in the early hours of Thursday December 19, surrounded by “his children, loved ones, and sunflowers” – was the ...
The House - On Parliament's last day of the year, there was the rare occurrence of a personal (conscience) vote on selling booze over the Easter weekend. While it didn't have the numbers to pass, it was a chance to get a rare glimpse of the fact ...
A new poem by Holly Fletcher. bejeweled log i was dreaming about wasps / wee darlings that followed me / ducking under objects / that i was fated to pickup / my fingers seeking / and meeting with tiny proboscis’s / but instead / i wake up / roll sideways ...
Source: The Conversation (Au and NZ) – By Flora Hui, Research Fellow, Centre for Eye Research Australia and Honorary Fellow, Department of Surgery (Ophthalmology), The University of Melbourne Versta/Shutterstock Australians are exposed to some of the highest levels of solar ultraviolet (UV) radiation in the world. While we ...
Source: The Conversation (Au and NZ) – By Andrew Terry, Professor of Business Regulation, University of Sydney Michael von Aichberger/Shutterstock Even if you’ve no idea how the business model underpinning franchises works, there’s a good chance you’ve spent money at one. Franchising is essentially a strategy for cloning ...
If something big is going to happen in Ferndale, it’s going to happen at Christmas. This is an excerpt from our weekly pop culture newsletter Rec Room. Sign up here. If there’s one episode of Shortland Street you should watch each year, it’s the annual Christmas cliffhanger. The final episode of ...
Source: The Conversation (Au and NZ) – By William A. Stoltz, Lecturer and expert Associate, National Security College, Australian National University US President-elect Donald Trump has named most of the members of his proposed cabinet. However, he’s yet to reveal key appointees to America’s powerful cyber warfare and intelligence institutions. ...
Announcing the top 10 books of the the year at Unity Books’ stores in High St, Auckland, and Willis St, Wellington.AUCKLAND1 Intermezzo by Sally Rooney (Faber & Faber, $37) The phenomenal Irish writer is the unsurprising chart topper for 2024 with her fourth novel that, much like her first ...
The government has confirmed its plan to break up Te Pūkenga / New Zealand Institute of Skills and Technology and re-establish independent polytechnics. ...
Financial terrorists strike Christchurch, thousands with wrecked dwellings held hostage, Terrorists demand $500 million ransom from the government. As the crisis unfolds the terrorists demands are expected to increase to $1 billion.
No charges to be laid.
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John Balmforth AMI head, says they have enough to pay out on all their earthquake damage policy claims – estimated cost, $1 billion.
AMI has $600 million of reinsurance cover and about $500m in cash and investments which would be enough to cover all claims, but would leave the company financially strapped.
AMI chief executive John Balmforth:
“We have not had events of this magnitude before. But we had $600 million reinsurance for the first event and we have another tranche of $600 million we can draw down on and another tranche of $400 millon we can draw down on,” he said.
Bamforth said AMI “had no issues meeting its commitments” “There will be increases in premiums nationally. I think these will be across the board, that’s just going to be a flow-on effect,” Balmforth said AMI was backed by some of the largest international reinsurers based in Bermuda and other parts of the world. Claims would be met. “I’m completely confident we can cover this. I’ve had messages from reinsurers offering support and saying they are ready to assist.”
In my opinion, it is probable that an honest effort by AMI to meet their commitments without government help would seriously effect AMI’s position in the insurance market. By paying their bills like an honest citizen would by necessity entail serious downsizing by AMI, with a resulting loss in market share, even complete collapse.
But so be it. It is not their money, it was deposited with them by their policy holders for just such an event. So rather than pay back their policy holders with ‘their’ money AMI gets to keep it, and we the taxpayer pay out instead?
So, How does this work again?
The Government comes up with eye watering amounts of public money to allow a bankrupt private company to avoid it’s responsibilities and continue to be a major player in the insurance market, ensuring that this corporate will be around to reap the higher premiums that John Balmforth speaks of.
Tax paid Social Welfare to big companies and private investors, comes at the expense of the Social Insurance Policies that this money was supposed to provide for.
So when families are poorly housed and children get sick and their parents can’t afford the medical bills, and they get sicker. They can comfort their children, by relating to them the warm fuzzy fairy tale ending for AMI that Mum and Dad helped pay for.
“So darling the government propped up a bankrupt private insurance company, they did this by bankrupting the state, so despite your Mummy and Daddy and Grandma and Granddad paying taxes all their lives, that is the reason why you can’t get into the public hospital.”
With not even the flimsy excuse that AMI was part of the outrageous Deposit Guarantee scheme… What possible moral justification can the government give for this bailout?
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10717709
capcha – “damages”
I read 2 stories in Stuff’s Business section this morning on Tax Havens. The stories are not that prominent on the site, but they show a significant process that is part of the way the global financial/money system works to maintain and extend the wealth gap. The articles point to the way Tax Havens are an essential part of this system, Where the Rich… Get Richer:
This and the second article, on the NZ government’s opposition to a UN initiative to tackle tax haven abuse say that NZ is also being used as a tax haven by some of the wealthy in other countries.
press enter at end of the quoted block, back arrow or click to the end of the quoted block and click on the quote button again.
Wikipedia – not necessarily the most reliable of sources – currently categorises NZ as a tax haven because it:
“…does not tax foreign income derived by NZ trusts settled by foreigners of which foreign residents are the beneficiaries. Nor does it tax the foreign income of new residents for four years. No capital gains tax.”
Should the tax reductions have been reversed because of the Christchurch earthquakes? No – it’s absurd to think that immediately an event occurs taxes are tweaked. At the very least it takes time to evaluate and implement significant monetary changes.
Should the tax reductions be reconsidered? Yes, this year’s budget is an appropriate time to announce any changes if they are thought necessary, but they are problematic, it’s unlikely the GST rate will be dropped back down, or taken off selected categories, so increasing taxes risks further stalling a struggling economy.
So you would rather wreck our public and social services then?
Tell me Peter, how many hospitals did National close between 1990-99 and how many did Labour close between 1999 and 2008?
Ill tell you. When labour put taxes up in 1999, the money went into HOSPITALS AND HEALTH CARE SERVICES. No hospital closed after 1999. But you are quite happy to have solo mother live on the street, and have American style health care so the rich can pay a few dollars less in tax.
And given that you have opposed wage increases for workers (I suppose you want wages to go back to 1999 levels like Don Brash does), you see a future of misery for people
Bullshit. I have never suggested anything like that.
* I support a fair welfare state.
* I have never mentioned an American style health system here, and have never supported an American style health system.
Bullshit again. I have never suggested anything like that. I have questioned why the amount of $15 per hour is being claimed to being some magical fix, I have never seen yet anyone justify that over any alternate amount. No data to support it.
Why $15?
Go and do some of your own research like you did the other day. There should be plenty on Union websites (try CTU for a start maybe). From memory the Unions want it pegged around 66% of the median wage which is more than $15.
$15 just happens to be the minimum wage in Oz, must have been suggested to close that gap 😀
Actually Pete you’ve stated several times that you don’t believe in minimum standards of living except as determined by the market.
What usually happens now is you demand that I show evidence, then I post a link to you spewing some awful heartless bile, then you stop replying.
But it’s very boring so I don’t think I’ll bother anymore.
Good on Ya Felix. I also see no point in replying to the repetitive time-wasting and frankly overly distractive slogans that are spewing from the right. Personally I want to concentrate on far more interesting events,
Like sharing the information that is already out there
Like getting every voter i know to not vote for any of the major parties
CERRA has a lot to answer for and I for one do not see the point in voting for people who voted against Democracy
I am beginning to believe NZ must sacrifice this election and send a very clear message to the troughers, shape up or piss off
I am fairly confident that the thousands and thousands of people who actually run the country will welcome the opportunity to do their job without seasoned MP’s constantly twisting the rules, changing the game-plan and generally shitting on NZ again and again and again
You just keep making things up felix. It’s not achieving much, us it.
Pete, either we raise taxes to cover the shortfall in the budget now due to the earthquake, or we borrow the money.
If we borrow the money, we have to pay interest on it. The amount borrowed + the interest must be paid back at a future date, from taxes. So we either pay taxes on the principal now, or we pay taxes on the principal and interest over time.
Therefore refusing to raise taxes now, for this one-off event, will cost us more over time.
Or we take back our right to print our own money and tell the money masters f*&k off and say no to the sin of usury. Our work our wealth.
It would still require an increase in taxes so that the government can redirect our resources into fixing up that damaged by the disaster. As I’ve said, money is not a resource.
DTB,
I agree with you but to be honest I’d rather pay taxes towards helping the people in Christchurch and things Kiwi’s need than taxes to pay the banksters interest on money they created out of thin air.
So would I.
Me too.
It’s a tricky balancing act Lanthanide, with no guarantee that whatever is chose is the right mix. Taxing more runs the risk of stifling a recovery which runs the risk of lowering the tax take or keeping it low for longer.
It’s easy to say “we should raise taxes”, or “we should borrow more” (as Helen Kelly suggested on Q+A this morning), but those who make the decisions have a lot more complexities to consider.
And as Jon Johansson said on Q+A this morning this government is only pragmatic within its ideological straight jacket. The point being made that this government has ignored the complexities and is ruling out even temporary tax increases in favour of its ideologically based solutions.
There is very little evidence for the supply side nonsense you are peddling. Cuts run exactly the same risk you are talking about, so it’s a wash in that respect.
That point was reinforced in the discussion with English when he was talking about Treasury advice around the benefits of privatisation. Treas was saying that there is very little evidence that the private sector would run the companies any better, and Old Bill could only fall back on dogma.
It would be nice to think that this government was ‘considering the complexities’, but as the panel agreed on Q+A there are concerns that they are not, and little evidence that they are.
All the evidence over the last 50 years shows that too low taxes stifle the economy more than too high taxes do.
That is clearly put Lanthanide. I can’t see how the wishful thinkers about reduced taxes regularly here can pop up like corks again with their tripe.
Actually, it’s absurd not to. How else is the country going to pay to fix things up?
My friend tells me Double Dipstick has been mouthing more billshit bullshit claptrap craptrap on Q&A.
Don’t worry Jim Nald: The panel dealt to him afterwards. Good to see Helen Kelly on the panel and a ‘respectful’ Paul Holmes who didn’t interrupt her once.
Job well done. 🙂
I agree Anne. I nearly didn’t turn on the programme but figured there was not much else on for my morning cuppa! Holmes was much better by staying more in the background: I normally can’t stand his opinionated nonsense. Espiner asked harder questions than the usual patsy, but what was most interesting for me was English trotted out his usual ideological nonsense, but his eyes and general lack of enthusiasm suggested he no longer believed it.
Now that is interesting. Maybe he’s waking up to the fact that ideology doesn’t trump reality – it was his ideological plan that prevented NZ coming out of recession after all. Not that I’m holding my breath about it.
I dreaded checking out Q&A online and thought I might have needed to take some sedatives first (perhaps, like Holmes, who was administered some today before the cameras started rolling?) before viewing the Guyon-English interview:
http://tvnz.co.nz/q-and-a-news/sunday-april-10-4108966/video
And Holmes’ discussion with the panel:
http://tvnz.co.nz/q-and-a-news/sunday-april-10-4108966/video?vid=4109852
Helen Kelly is exceptionally outstanding.
The future of housing in Auckland
This lodge was in the news 3 years ago, there was a huge fuss over it Labour promised to do something about it, but then everything died down, and National got in, and people there still live in misery. And as rents skyrocket, and landlords get more choosy about what tenants they choose to house, and as Housing NZ wash there hands of more and more people, and start kicking more and more tenants out, squalid boarding houses, are going to grow and grow.
This will be the price of National’s prosperity.
Why is that lodge still standing? It should have been knocked down and the owners fined years ago.
From the Herald article.
I am in a 2 bedroom State House, and I want a transfer, because although I need subsidised housing (on UB), I don’t need two bedrooms. But I am currently having a huge battle with HNZ over other issues, so a transfer is way down the list for me. Survival mode. Honestly any of the families in that article could have this place, if I had my way. But I am just managing to survive myself! I wish I could help one of those families. I wish even more, that the NACT government would do what it’s supposed and help all of them!
RIP Sidney Lumet
Here is the unforgettable “we’re mad as hell and we’re not gonna take it anymore.”
I hope you’re with me on that.
The week that was
http://thejackalman.blogspot.com/2011/04/week-that-was.html
The National Government offer to bailout AMI to the tune of more than a Billion dollars. The privately owned company has had financial difficulty since the Christchurch Earthquake and improper re-insurance. In light of the South Canterbury Finance hash and despite the Treasury advising John Key that South Canterbury Finance was never compliant with the scheme…
Wendy Pye, NZ literacy entrepreneur, was on Chris Laidlaw on Radionz this morning. People like her should get listened to, she has been a business and educational plan success, has a good product doing good things around the world. that magic word ‘exporter’. Not ‘dairy producer’, but ‘advanced high-end products producer’.
She has an excellent take on NZ, business and the export market as she has been round long enough to have wide experience with successes and failures, and how to survive both. She is held at arms length by Min of Education though embraced by other achievement focussed governments. This seems to follow from what I see is a negative attitude amongst NZs to trying anything new, stepping out from the known. And one of the problems is that the bureaucrats and academics are concerned about dealing with private enterprise. I think they can’t differentiate between having Macdonalds sponsoring schools and successful, experienced non-religious or narrowly ideological companies focussed solely on educational tools.
I referred to NZ negativity in the waka controversy which idea suffered death from a thousand whiny criticisms from contributors here, ie I don’t like plastic, Maori can’t make good decisions about showing their culture. Wendy’s products appear to have received less than positive treatment probably with the same mindset. I thought also of Peter Snell, such a success but not embraced and drawn back to this country – he has been in Texas for years.
BTW Texas is planning a new wide-ranging project for literacy. Here at the bottom of the world we have tight-minded smug middle-class Ann Tolley whose low horizon is viewed from a entrenched trench, choosing National Standards as her lead initiative in schools. Yet Wendy Pye points out our good record in literacy, the problem being the large ‘tail’ of non-readers, prevented from obtaining worthwhile work and achieving prosperity by their lack of literacy, and that most of our jail inmates bear this disadvantage.
Yeah, but I found myself getting increasingly bored as Laidlaw and Pye started going on endlessly about the alleged ‘tall-poppy syndrome’ in this Country. The same old scolding of the New Zealand public for not treating entrepreneurs as some sort of Super-Heroes. Yawwwwnnnnn.
Danyl @ The dim post wonders if the reason our business leaders have difficulty with the “red tape” is because they’re stupid.
The Mainfreight genius talking on the Dimpost wants less bureaucracy and regulation. Isn’t that firm where sweet Jenny Shipley presides? Pollies from NACT get consolation so often with the old saying ‘When one door closes, another opens’ don’t they?
Yup, call it the “revolving door” of jobs or sinecure between NACTs, rich elites and big business.
D..Damn
You may be tired of the tall poppy syndrome being mentioned but facing it becomes more relevant as we move through the decade and I think it is time for a change.
We need to be as supportive of our entrepreneurs and successful projects of all types that are beneficial to the country, as we are of sports people. They work hard to help themselves trying for personal success; sound, innovative businesses that achieve success help the country.
But nor should we forget the people who enable them to achieve that success. We shouldn’t enable entrepreneurs to succeed at the expense of their employees’ rights to fair pay and fair treatment for fair work.
Anyone needing a laugh should look at Kiwiblog, if you can stand the stench.
There’s some cove keeps impersonating me and taking DPF to task. What a bloody cheek!
A new dawn in Egypt……..
http://www.reuters.com/article/2011/04/10/us-egypt-protest-idUSTRE73754M20110410
I have always approved Mat McCartens opinions and I admire the way he overcame a bad speech impediment .However these days he seems to spend more time attacking the Labour Party and in particular Phil Goff. What the hell is he playing at? The enemy is the Tory Party.,The only conclusion I can come up with is that there is a personal vendeta going on with Phil,Goff.Get back on Board Matt its going to be hard enough to win the next election with out you attacking Labour at every opportunity .
Hes attacking Labour because he sees whats wrong and how to fix it, maybe Labour need to start listening
Labour’s list has been announced:
http://www.stuff.co.nz/national/politics/4869855/Labours-party-list-for-November-election
So, if Labour get roughly their current level of support (low 30’s) could there be only one or two new list MPs? (plus several from “safe” electorate seats?)
It doesn’t look very inspiring – no noticeable new names apart from Andrew Little. If Labour lose, there’s going to be a big clear out for 2014 (Barker, Horomia, King, Mallard, Goff etc).
Oh well.
At the time of writing, The Poll on that page puts Lab/G/NZ1 combined vote of 387 higher than M/UF/ACT/Nat 316.
Ideally that would be indicative of the long term trend. Lets see what One News has to say tonight on their poll.
Actually, the Labour list looks to me like a reasonable mix of relative newbies (class of 2008) and experienced MPs. It looks like there is a gradual turn-over of new MPs, which is for the best, rather than a radical clean-out of ALL the old hands.
Cat and Dolphins playing together
When are people going to start complaining about foreign banks deciding our economic future for us?
Saturday, 9 April 2011, 2:26 pm
Press Release: The Nation ‘THE NATION’
GEORGE FRAZIS – Westpac New Zealand CEO
Interviewed by DUNCAN GARNER
Duncan Let’s talk about the state of the economy in the wake of the AMI decision and how does the country afford this rescue package and the bail out of South Canterbury Finance for that matter? Well some say we can’t afford it and we can’t afford to keep bailing out bad business decisions, they say if we do we’ll go broke. So how close are we to going broke? The Chief Executive of Westpac New Zealand George Frazis is with me now.
Hey Jum from Jim
There’s a small baby step each Kiwi can make for a real difference –
Walk away from foreign banks
And put money into locally owned banks like TSB Bank and Kiwibank
Go on. Do it now.
Open an account with http://www.tsbbank.co.nz or http://www.kiwibank.co.nz,
then move funds and mortgage into either.
Jim, if NACT is returned then I don’t think we’ll have Kiwibank.
Bugger. You’re right.
But we should move our money into locally owned banks while they are around anyway. If not now, when?
I don’t think National have done anything to suggest they would try and privatise Kiwibank. Remember, this is a voter cautious, slow action or no action government. Any proposed asset sales are likely to clearly signposted pre election. If Labour have a strategy of vehemently opposing a modest number of partial asset sales it may reinforce the perception they are just exaggeration junkies.
Actually, vehement is not the best description, passion and enthusiasm may be wrongly inferred – going through the motions of loudly protesting for the sake of it may be more appropriate.
http://www.stuff.co.nz/national/politics/562746
2008 – and since then Key has had to categorically deny they’d sell while he is PM
“Mr English refers to the voters’ view of “that nice man John Key” and his appeal to “Labour-plus” voters – people who believed National would let them keep all Labour’s money, with more on top.
He also refers to needing to “sort out” Working for Families and suggests National will sell Kiwibank “eventually, but not now”.”
Brian Goulds latest post on how we revere business leaders:
http://www.bryangould.net/id149.html
That is well worth the read and so very close to the truth. We’re expected to worship the businessmen whether they’re capable of what’s expected of them or not.
Paula Bennett on people having to go through a budgeting exercise before applying for a hardship grant:
“They could go online and fill out a budgeting form”
Right, like all Decile 1 households have a computer. What fucking planet is she on?
Salon: Right winger + hard time = compassion.
Some of the most eloquent advocates for prison reform are conservatives who find themselves behind bars
http://www.youtube.com/watch?v=mHWvbisFg0I&feature=player_embedded
Two intrepid dudes encounter stray animals, torn apart roads and deserted settlements as they film their trip to measure the radiation from 30 km out to 1.5 km away from Fukushima.
Bill Maher – Shine My Shoes Fuckface II
“They’re banging porn stars and you’re getting the crabs”
“While the Republicans, the party of millionaires, is shutting the government down because they can’t have a tax-free world. As Paul Ryan says, ‘It’s not a budget it’s a cause’, like slavery…”
Luvvit.
Hey Lynn
When will The Standard email me the bank account number so that I can make monthly cash donations?
Will be good to be provided with a pdf version of “best of the week’s” posts (maybe including comments from others) so that they can be printed on A3 or A4.
I would be willing to stand at street corners or outside supermarkets for a few hours on Fri-Sun and sell them (with money being deposited back into The Standard’s bank account) or to give away. The point is to encourage the wider dissemination of the issues raised by TS.
Whadyareckon?
This has been commented on before – you’re quite welcome to put one together. I believe others already do pass out copies.
Guess I can just copy and paste or print out separate, selected pieces but
I’d prefer to have an official or endorsed pdf version for hard copies to be printed …
Want to see pole-axed Rethuglican?
This guy could not find one good point to refute universal healthcare in the US:
Comment by dch3348
Says it all really.
Yes Draco, scrolled down and read that particular comment and it wondered how many more peiople were coming to the same realisation in America.
Still, I think it’s going to take maybe 50% of Ameicans on food stamps before they’re angry enough to do something about it and figuratively eviserate the GOPlets.
You know M, it is amazing that in the wealthiest country in the world they appear to not understand the disaster of their own Health system. The strange story from the “pole-axed Rethuglican” that the British Health System was and example of failure because “his sister couldn’t get an epidural because they thought she was too fit.” Aha. There you have it if the Brit Health system don’t want to give you an epidural so the System is a complete failure. Huh?
I think NZ has one of the least expensive with the finest effectiveness in the World. (Unless you believe it when Tony Ryall that it is a disaster.)
Yes ianmac, NZ’s system isn’t perfect and there are medical disasters that make my blood boil but I’d rather have “socialist” health care than the bloated, corrupt and “loaded dice” system where every possible avenue is explored to turn down a legitimate insurance claim.
I also believe the epidural refusal was if not a complete fabrication then a definite stretching of the truth. Having had epidurals for both my kids as I had a 20-hour and a 12-hour labour there are few situations where a woman cannot have one provided there is time and I would hope that most obstetricians would not be so sadistic as to refuse one. Even if a woman is chided about having one she should go all out to have one if she wants it – screaming down the birthing ward would probably be enough to convince a reluctant doctor.
When my youngest was born she had a ABO incompatibilty problem and the treatment she received in neonatal was first class. I hate to imagine what parents in the US would pay for such treatment although I’m sure Tony and his mob are working overtime to bring about such a situation.