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.
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Chris Trotter writes – IT’S A COMMONPLACE of political speeches, especially those delivered in acknowledgement of electoral victory: “We’ll govern for all New Zealanders.” On the face of it, the pledge is a strange one. Why would any political leader govern in ways that advantaged the huge ...
Bryce Edwards writes – The list of former National Party Ministers being given plum and important roles got longer this week with the appointment of former Deputy Prime Minister Paula Bennett as the chair of Pharmac. The Christopher Luxon-led Government has now made key appointments to Bill ...
TL;DR: These are the six things that stood out to me in news and commentary on Aotearoa-NZ’s political economy at 10:06am on Wednesday, May 1:The Lead: Business confidence fell across the board in April, falling in some areas to levels last seen during the lockdowns because of a collapse in ...
Over the past 36 hours, Christopher Luxon has been dong his best to portray the centre-right’s plummeting poll numbers as a mark of virtue. Allegedly, the negative verdicts are the result of hard economic times, and of a government bravely set out on a perilous rescue mission from which not ...
Auckland Transport have started rolling out new HOP card readers around the network and over the next three months, all of them on buses, at train stations and ferry wharves will be replaced. The change itself is not that remarkable, with the new readers looking similar to what is already ...
Completed reads for April: The Difference Engine, by William Gibson and Bruce Sterling Carnival of Saints, by George Herman The Snow Spider, by Jenny Nimmo Emlyn’s Moon, by Jenny Nimmo The Chestnut Soldier, by Jenny Nimmo Death Comes As the End, by Agatha Christie Lord of the Flies, by ...
On February 14, 2023 we announced our Rebuttal Update Project. This included an ask for feedback about the added "At a glance" section in the updated basic rebuttal versions. This weekly blog post series highlights this new section of one of the updated basic rebuttal versions and serves as a ...
Have a story to share about St Paul’s, but today just picturesPopular novels written at this desk by a young man who managed to bootstrap himself out of father’s imprisonment and his own young life in a workhouse Read more ...
The list of former National Party Ministers being given plum and important roles got longer this week with the appointment of former Deputy Prime Minister Paula Bennett as the chair of Pharmac. The Christopher Luxon-led Government has now made key appointments to Bill English, Simon Bridges, Steven Joyce, Roger Sowry, ...
Newsroom has a story today about National's (fortunately failed) effort to disestablish the newly-created Inspector-General of Defence. The creation of this agency was the key recommendation of the Inquiry into Operation Burnham, and a vital means of restoring credibility and social licence to an agency which had been caught lying ...
Holding On To The Present:The moment a political movement arises that attacks the whole idea of social progress, and announces its intention to wind back the hands of History’s clock, then democracy, along with its unwritten rules, is in mortal danger.IT’S A COMMONPLACE of political speeches, especially those delivered in ...
Stuck In The Middle With You:As Christopher Luxon feels the hot breath of Act’s and NZ First’s extremists on the back of his neck and, as he reckons with the damage their policies are already inflicting upon a country he’s described as “fragile”, is there not some merit in reaching out ...
The unpopular coalition government is currently rushing to repeal section 7AA of the Oranga Tamariki Act. The clause is Oranga Tamariki's Treaty clause, and was inserted after its systematic stealing of Māori children became a public scandal and resulted in physical resistance to further abductions. The clause created clear obligations ...
Buzz from the Beehive The government’s official website – which Point of Order monitors daily – not for the first time has nothing much to say today about political happenings that are grabbing media headlines. It makes no mention of the latest 1News-Verian poll, for example. This shows National down ...
It Takes A Train To Cry:Surely, there is nothing lonelier in all this world than the long wail of a distant steam locomotive on a cold Winter’s night.AS A CHILD, I would lie awake in my grandfather’s house and listen to the traffic. The big wooden house was only a ...
Packing A Punch: The election of the present government, including in its ranks politicians dedicated to reasserting the rights of the legislature in shaping and determining the future of Māori and Pakeha in New Zealand, should have alerted the judiciary – including its anomalous appendage, the Waitangi Tribunal – that its ...
Dead Woman Walking: New Zealand’s media industry had been moving steadily towards disaster for all the years Melissa Lee had been National’s media and communications policy spokesperson, and yet, when the crisis finally broke, on her watch, she had nothing intelligent to offer. Christopher Luxon is a patient man - but he’s not ...
Chris Trotter writes – New Zealand politics is remarkably easy-going: dangerously so, one might even say. With the notable exception of John Key’s flat ruling-out of the NZ First Party in 2008, all parties capable of clearing MMP’s five-percent threshold, or winning one or more electorate seats, tend ...
Bryce Edwards writes – Polling shows that Wellington Mayor Tory Whanau has the lowest approval rating of any mayor in the country. Siting at -12 per cent, the proportion of constituents who disapprove of her performance outweighs those who give her the thumbs up. This negative rating is ...
Luxon will no doubt put a brave face on it, but there is no escaping the pressure this latest poll will put on him and the government. Photo: Lynn Grieveson / The KākāTL;DR: These are the six things that stood out to me in news and commentary on Aotearoa-NZ’s political ...
This is a re-post from The Climate Brink by Andrew Dessler In the wake of any unusual weather event, someone inevitably asks, “Did climate change cause this?” In the most literal sense, that answer is almost always no. Climate change is never the sole cause of hurricanes, heat waves, droughts, or ...
Something odd happened yesterday, and I’d love to know if there’s more to it. If there was something which preempted what happened, or if it was simply a throwaway line in response to a journalist.Yesterday David Seymour was asked at a press conference what the process would be if the ...
Hi,From time to time, I want to bring Webworm into the real world. We did it last year with the Jurassic Park event in New Zealand — which was a lot of fun!And so on Saturday May 11th, in Los Angeles, I am hosting a lil’ Webworm pop-up! I’ve been ...
Education Minister Erica Standford yesterday unveiled a fundamental reform of the way our school pupils are taught. She would not exactly say so, but she is all but dismantling the so-called “inquiry” “feel good” method of teaching, which has ruled in our classrooms since a major review of the New ...
Exactly where are we seriously going with this government and its policies? That is, apart from following what may as well be a Truss-Lite approach on the purported economic “plan“, and Victorian-era regression when it comes to social policy.Oh it’ll work this time of course, we’re basically assured, “the ...
Hey Uncle Dave, When the Poms joined the EEC, I wasn't one of those defeatists who said, Well, that’s it for the dairy job. And I was right, eh? The Chinese can’t get enough of our milk powder and eventually, the Poms came to their senses and backed up the ute ...
Polling shows that Wellington Mayor Tory Whanau has the lowest approval rating of any mayor in the country. Siting at -12 per cent, the proportion of constituents who disapprove of her performance outweighs those who give her the thumbs up. This negative rating is higher than for any other mayor ...
Buzz from the Beehive Pharmac has been given a financial transfusion and a new chair to oversee its spending in the pharmaceutical business. Associate Health Minister David Seymour described the funding for Pharmac as “its largest ever budget of $6.294 billion over four years, fixing a $1.774 billion fiscal cliff”. ...
Bryce Edwards writes – Many criticisms are being made of the Government’s Fast Track Approvals Bill, including by this writer. But as with everything in politics, every story has two sides, and both deserve attention. It’s important to understand what the Government is trying to achieve and its ...
TL;DR: Here’s my top 10 ‘pick ‘n’ mix of links to news, analysis and opinion articles as of 10:10am on Monday, April 29:Scoop: The children's ward at Rotorua Hospital will be missing a third of its beds as winter hits because Te Whatu Ora halted an upgrade partway through to ...
span class=”dropcap”>As hideous as David Seymour can be, it is worth keeping in mind occasionally that there are even worse political figures (and regimes) out there. Iran for instance, is about to execute the country’s leading hip hop musician Toomaj Salehi, for writing and performing raps that “corrupt” the nation’s ...
Yesterday marked 10 years since the first electric train carried passengers in Auckland so it’s a good time to look back at it and the impact it has had. A brief history The first proposals for rail electrification in Auckland came in the 1920’s alongside the plans for earlier ...
Right now, in Aotearoa-NZ, our ‘animal spirits’ are darkening towards a winter of discontent, thanks at least partly to a chorus of negative comments and actions from the Government Photo: Lynn Grieveson / The KākāTL;DR: These are the six things that stood out to me in news and commentary on ...
You make people evil to punish the paststuck inside a sequel with a rotating castThe following photos haven’t been generated with AI, or modified in any way. They are flesh and blood, human beings. On the left is Galatea Young, a young mum, and her daughter Fiadh who has Angelman ...
The Government is again adding to New Zealand’s growing unemployment, this time cutting jobs at the agencies responsible for urban development and growing much needed housing stock. ...
With Minister Karen Chhour indicating in the House today that she either doesn’t know or care about the frontline cuts she’s making to Oranga Tamariki, we risk seeing more and more of our children falling through the cracks. ...
The Labour Party is saddened to learn of the death of Sir Robert Martin, a globally renowned disability advocate who led the way for disability rights both in New Zealand and internationally. ...
Labour is calling for the Government to urgently rethink its coalition commitment to restart live animal exports, Labour animal welfare spokesperson Rachel Boyack said. ...
Today’s Financial Stability Report has once again highlighted that poverty and deep inequality are political choices - and this Government is choosing to make them worse. ...
The Green Party is calling on the Government to do more for our households in most need as unemployment rises and the cost of living crisis endures. ...
Unemployment is on the rise and it’s only going to get worse under this Government, Labour finance spokesperson Barbara Edmonds said. Stats NZ figures show the unemployment rate grew to 4.3 percent in the March quarter from 4 percent in the December quarter. “This is the second rise in unemployment ...
The New Zealand Labour Party welcomes the entering into force of the European Union and New Zealand free trade agreement. This agreement opens the door for a huge increase in trade opportunities with a market of 450 million people who are high value discerning consumers of New Zealand goods and ...
The National-led Government continues its fiscal jiggery pokery with its Pharmac announcement today, Labour Health spokesperson Ayesha Verrall says. “The government has increased Pharmac funding but conceded it will only make minimal increases in access to medicine”, said Ayesha Verrall “This is far from the bold promises made to fund ...
This afternoon’s interim Waitangi Tribunal report must be taken seriously as it affects our most vulnerable children, Labour children’s spokesperson Willow-Jean Prime. ...
Te Pāti Māori are demanding the New Zealand Government support an international independent investigation into mass graves that have been uncovered at two hospitals on the Gaza strip, following weeks of assault by Israeli troops. Among the 392 bodies that have been recovered, are children and elderly civilians. Many of ...
Our two-tiered system for veterans’ support is out of step with our closest partners, and all parties in Parliament should work together to fix it, Labour veterans’ affairs spokesperson Greg O’Connor said. ...
Stripping two Ministers of their portfolios just six months into the job shows Christopher Luxon’s management style is lacking, Labour Leader Chris Hipkins said. ...
Tonight’s court decision to overturn the summons of the Children’s Minister has enabled the Crown to continue making decisions about Māori without evidence, says Te Pāti Māori spokesperson for Children, Mariameno Kapa-Kingi. “The judicial system has this evening told the nation that this government can do whatever they want when ...
It appears Nicola Willis is about to pull the rug out from under the feet of local communities still dealing with the aftermath of last year’s severe weather, and local councils relying on funding to build back from these disasters. ...
The Government is making short-sighted changes to the Resource Management Act (RMA) that will take away environmental protection in favour of short-term profits, Labour’s environment spokesperson Rachel Brooking said today. ...
Labour welcomes the release of the report into the North Island weather events and looks forward to working with the Government to ensure that New Zealand is as prepared as it can be for the next natural disaster. ...
The Labour Party has called for the New Zealand Government to recognise Palestine, as a material step towards progressing the two-State solution needed to achieve a lasting peace in the region. ...
Some of our country’s most important work, stopping the sexual exploitation of children and violent extremism could go along with staff on the frontline at ports and airports. ...
The Government’s Fast Track Approvals Bill will give projects such as new coal mines a ‘get out of jail free’ card to wreak havoc on the environment, Labour Leader Chris Hipkins said today. ...
The government's decision to reintroduce Three Strikes is a destructive and ineffective piece of law-making that will only exacerbate an inherently biased and racist criminal justice system, said Te Pāti Māori Justice Spokesperson, Tākuta Ferris, today. During the time Three Strikes was in place in Aotearoa, Māori and Pasifika received ...
Cuts to frontline hospital staff are not only a broken election promise, it shows the reckless tax cuts have well and truly hit the frontline of the health system, says Labour Health spokesperson Ayesha Verrall. ...
The Green Party has joined the call for public submissions on the fast-track legislation to be extended after the Ombudsman forced the Government to release the list of organisations invited to apply just hours before submissions close. ...
New Zealand’s good work at reducing climate emissions for three years in a row will be undone by the National government’s lack of ambition and scrapping programmes that were making a difference, Labour Party climate spokesperson Megan Woods said today. ...
More essential jobs could be on the chopping block, this time Ministry of Education staff on the school lunches team are set to find out whether they're in line to lose their jobs. ...
Te Pāti Māori is disgusted at the confirmation that hundreds are set to lose their jobs at Oranga Tamariki, and the disestablishment of the Treaty Response Unit. “This act of absolute carelessness and out of touch decision making is committing tamariki to state abuse.” Said Te Pāti Māori Oranga Tamariki ...
The Government is trying to bring in a law that will allow Ministers to cut corners and kill off native species, Labour environment spokesperson Rachel Brooking said. ...
Cancelling urgently needed new Cook Strait ferries and hiking the cost of public transport for many Kiwis so that National can announce the prospect of another tunnel for Wellington is not making good choices, Labour Transport Spokesperson Tangi Utikere said. ...
A laundry list of additional costs for Tāmaki Makarau Auckland shows the Minister for the city is not delivering for the people who live there, says Labour Auckland Issues spokesperson Shanan Halbert. ...
Foreign Minister Winston Peters discussed the need for an immediate ceasefire in Gaza, and enhanced cooperation in the Pacific with German Foreign Minister Annalena Baerbock during her first official visit to New Zealand today. "New Zealand and Germany enjoy shared interests and values, including the rule of law, democracy, respect for the international system ...
The Minister Responsible for RMA Reform, Chris Bishop today released his decision on four recommendations referred to him by the Western Bay of Plenty District Council, opening the door to housing growth in the area. The Council’s Plan Change 92 allows more homes to be built in existing and new ...
Thank you, John McKinnon and the New Zealand China Council for the invitation to speak to you today. Thank you too, all members of the China Council. Your effort has played an essential role in helping to build, shape, and grow a balanced and resilient relationship between our two ...
The Government is modernising insurance law to better protect Kiwis and provide security in the event of a disaster, Commerce and Consumer Affairs Minister Andrew Bayly announced today. “These reforms are long overdue. New Zealand’s insurance law is complicated and dated, some of which is more than 100 years old. ...
The coalition Government is refreshing its approach to supporting pay equity claims as time-limited funding for the Pay Equity Taskforce comes to an end, Public Service Minister Nicola Willis says. “Three years ago, the then-government introduced changes to the Equal Pay Act to support pay equity bargaining. The changes were ...
Structured literacy will change the way New Zealand children learn to read - improving achievement and setting students up for success, Education Minister Erica Stanford says. “Being able to read and write is a fundamental life skill that too many young people are missing out on. Recent data shows that ...
Trade Minister Todd McClay says Canada’s refusal to comply in full with a CPTPP trade dispute ruling in our favour over dairy trade is cynical and New Zealand has no intention of backing down. Mr McClay said he has asked for urgent legal advice in respect of our ‘next move’ ...
The rights of our children and young people will be enhanced by changes the coalition Government will make to strengthen oversight of the Oranga Tamariki system, including restoring a single Children’s Commissioner. “The Government is committed to delivering better public services that care for our most at-risk young people and ...
The Government is making it easier for minor changes to be made to a building consent so building a home is easier and more affordable, Building and Construction Minister Chris Penk says. “The coalition Government is focused on making it easier and cheaper to build homes so we can ...
New Zealand lost a true legend when internationally renowned disability advocate Sir Robert Martin (KNZM) passed away at his home in Whanganui last night, Disabilities Issues Minister Louise Upston says. “Our Government’s thoughts are with his wife Lynda, family and community, those he has worked with, the disability community in ...
Good evening – Before discussing the challenges and opportunities facing New Zealand’s foreign policy, we’d like to first acknowledge the New Zealand Institute of International Affairs. You have contributed to debates about New Zealand foreign policy over a long period of time, and we thank you for hosting us. ...
From today, passengers travelling internationally from Auckland Airport will be able to keep laptops and liquids in their carry-on bags for security screening thanks to new technology, Transport Minister Simeon Brown says. “Creating a more efficient and seamless travel experience is important for holidaymakers and businesses, enabling faster movement through ...
People with an interest in the health of Northland’s marine ecosystems are invited to a public meeting to discuss how to deal with kina barrens, Oceans and Fisheries Minister Shane Jones says. Mr Jones will lead the discussion, which will take place on Friday, 10 May, at Awanui Hotel in ...
Kiwi exporters are $100 million better off today with the NZ EU FTA entering into force says Trade Minister Todd McClay. “This is all part of our plan to grow the economy. New Zealand's prosperity depends on international trade, making up 60 per cent of the country’s total economic activity. ...
There are heartening signs that the extractive sector is once again becoming an attractive prospect for investors and a source of economic prosperity for New Zealand, Resources Minister Shane Jones says. “The beginnings of a resurgence in extractive industries are apparent in media reports of the sector in the past ...
The return of the historic Ō-Rākau battle site to the descendants of those who fought there moved one step closer today with the first reading of Te Pire mō Ō-Rākau, Te Pae o Maumahara / The Ō-Rākau Remembrance Bill. The Bill will entrust the 9.7-hectare battle site, five kilometres west ...
Energy Minister Simeon Brown has announced 25 new high-speed EV charging hubs along key routes between major urban centres and outlined the Government’s plan to supercharge New Zealand’s EV infrastructure. The hubs will each have several chargers and be capable of charging at least four – and up to 10 ...
The coalition Government will not proceed with the previous Government’s plans to regulate residential property managers, Housing Minister Chris Bishop says. “I have written to the Chairperson of the Social Services and Community Committee to inform him that the Government does not intend to support the Residential Property Managers Bill ...
The Government has announced an independent review into the disability support system funded by the Ministry of Disabled People – Whaikaha. Disability Issues Minister Louise Upston says the review will look at what can be done to strengthen the long-term sustainability of Disability Support Services to provide disabled people and ...
Justice Minister Paul Goldsmith has attended the Universal Periodic Review in Geneva and outlined the Government’s plan to restore law and order. “Speaking to the United Nations Human Rights Council provided us with an opportunity to present New Zealand’s human rights progress, priorities, and challenges, while responding to issues and ...
The Government and Rotorua Lakes Council are committed to working closely together to end the use of contracted emergency housing motels in Rotorua. Associate Minister of Housing (Social Housing) Tama Potaka says the Government remains committed to ending the long-term use of contracted emergency housing motels in Rotorua by the ...
Trade Minister Todd McClay heads overseas today for high-level trade talks in the Gulf region, and a key OECD meeting in Paris. Mr McClay will travel to Riyadh to meet with counterparts from Saudi Arabia and the Gulf Cooperation Council (GCC). “New Zealand’s goods and services exports to the Gulf region ...
Education Minister Erica Stanford has outlined six education priorities to deliver a world-leading education system that sets Kiwi kids up for future success. “I’m putting ambition, achievement and outcomes at the heart of our education system. I want every child to be inspired and engaged in their learning so they ...
The new NZ Transport Agency (NZTA) App is a secure ‘one stop shop’ to provide the services drivers need, Transport Minister Simeon Brown and Digitising Government Minister Judith Collins say. “The NZTA App will enable an easier way for Kiwis to pay for Vehicle Registration and Road User Charges (RUC). ...
Whānau with tamariki growing up in emergency housing motels will be prioritised for social housing starting this week, says Associate Housing Minister Tama Potaka. “Giving these whānau a better opportunity to build healthy stable lives for themselves and future generations is an essential part of the Government’s goal of reducing ...
Racing Minister Winston Peters has paid tribute to an icon of the industry with the recent passing of Dave O’Sullivan (OBE). “Our sympathies are with the O’Sullivan family with the sad news of Dave O’Sullivan’s recent passing,” Mr Peters says. “His contribution to racing, initially as a jockey and then ...
Assalaamu alaikum, greetings to you all. Eid Mubarak, everyone! I want to extend my warmest wishes to you and everyone celebrating this joyous occasion. It is a pleasure to be here. I have enjoyed Eid celebrations at Parliament before, but this is my first time joining you as the Minister ...
Associate Health Minister David Seymour has announced Pharmac’s largest ever budget of $6.294 billion over four years, fixing a $1.774 billion fiscal cliff. “Access to medicines is a crucial part of many Kiwis’ lives. We’ve committed to a budget allocation of $1.774 billion over four years so Kiwis are ...
Hon Paula Bennett has been appointed as member and chair of the Pharmac board, Associate Health Minister David Seymour announced today. "Pharmac is a critical part of New Zealand's health system and plays a significant role in ensuring that Kiwis have the best possible access to medicines,” says Mr Seymour. ...
Hundreds of New Zealand families affected by Fetal Alcohol Spectrum Disorder (FASD) will benefit from a new Government focus on prevention and treatment, says Health Minister Dr Shane Reti. “We know FASD is a leading cause of preventable intellectual and neurodevelopmental disability in New Zealand,” Dr Reti says. “Every day, ...
Regional Development Minister Shane Jones today attended the official opening of Kaikohe’s new $14.7 million sports complex. “The completion of the Kaikohe Multi Sports Complex is a fantastic achievement for the Far North,” Mr Jones says. “This facility not only fulfils a long-held dream for local athletes, but also creates ...
Foreign Minister Winston Peters’ engagements in Türkiye this week underlined the importance of diplomacy to meet growing global challenges. “Returning to the Gallipoli Peninsula to represent New Zealand at Anzac commemorations was a sombre reminder of the critical importance of diplomacy for de-escalating conflicts and easing tensions,” Mr Peters ...
Ambassador Millar, Burgemeester, Vandepitte, Excellencies, military representatives, distinguished guests, ladies and gentlemen – good morning and welcome to this sacred Anzac Day dawn service. It is an honour to be here on behalf of the Government and people of New Zealand at Buttes New British Cemetery, Polygon Wood – a deeply ...
Distinguished guests - It is an honour to return once again to this site which, as the resting place for so many of our war-dead, has become a sacred place for generations of New Zealanders. Our presence here and at the other special spaces of Gallipoli is made ...
Mai ia tawhiti pamamao, te moana nui a Kiwa, kua tae whakaiti mai matou, ki to koutou papa whenua. No koutou te tapuwae, no matou te tapuwae, kua honoa pumautia. Ko nga toa kua hinga nei, o te Waipounamu, o te Ika a Maui, he okioki tahi me o ...
Paul Goldsmith will take on responsibility for the Media and Communications portfolio, while Louise Upston will pick up the Disability Issues portfolio, Prime Minister Christopher Luxon announced today. “Our Government is relentlessly focused on getting New Zealand back on track. As issues change in prominence, I plan to adjust Ministerial ...
Recreational catch limits will be reduced in areas of Fiordland and the Chatham Islands to help keep those fisheries healthy and sustainable, Oceans and Fisheries Minister Shane Jones says. The lower recreational daily catch limits for a range of finfish and shellfish species caught in the Fiordland Marine Area and ...
Energy Minister Simeon Brown has welcomed an important milestone in New Zealand’s hydrogen future, with the opening of the country’s first network of hydrogen refuelling stations in Wiri. “I want to congratulate the team at Hiringa Energy and its partners K one W one (K1W1), Mitsui & Co New Zealand ...
The coalition Government is delivering on its commitment to improve resource management laws and give greater certainty to consent applicants, with a Bill to amend the Resource Management Act (RMA) expected to be introduced to Parliament next month. RMA Reform Minister Chris Bishop has today outlined the first RMA Amendment ...
Overseas models for regulating the oil and gas sector, including their decommissioning regimes, are being carefully scrutinised as a potential template for New Zealand’s own sector, Resources Minister Shane Jones says. The Coalition Government is focused on rebuilding investor confidence in New Zealand’s energy sector as it looks to strengthen ...
New Zealand Food Safety is monitoring overseas recalls of Indian packaged spice products manufactured by MDH and Everest due to concerns over a cancer-causing pesticide. ...
By Stephen Wright and Stefan Armbruster of BenarNews Fiji’s ranking in a global press freedom index has jumped into the top tier of countries with free or mostly free media after its government last year repealed a draconian law that threatened journalists with prison for doing their jobs. Fiji’s improvement ...
We might be in Invercargill but all anyone can talk about is Gore. Specifically, Salford Street. That’s where three-year-old Lachlan Jones lived, south of the centre of town, between the A&P Showgrounds and the Mataura River. Roughly 1.2 km away from the single level home he lived in with his ...
MONDAY I lined up the latest round of civil servants from city hall against the wall, and signalled for the firing squad to drop their rifles. I stepped up onto a wooden crate to look at the office workers in the eye. But that didn’t feel right, so I found ...
Keen hiker and second-year MSc student Liam Hewson wears two hats when he’s in the great outdoors. “The scientist in me appreciates nature and goes, ‘Oh, there’s that thing and there’s another thing,’ but then the tramper and the outdoorsy person in me thinks, ‘Cool bush.’” Born and bred in ...
After a long and illustrious career as a goal kicker, Dan Carter’s favourite way to unwind is… kicking goals. Why can’t he get enough of it? And what it’s like to watch him do it for an hour straight? A semicircle of people wielding cameras and phones has formed in ...
Dame Susan Devoy takes us through her life in television, including late night ER debriefs, her proudest CTI moment and the show she watches in secret. Quite aside from her four world champion squash titles, Dame Susan Devoy will likely go down in history as one of the best Celebrity ...
Hera Lindsay Bird reveals the best places in Ōtepoti to score more for your apocalypse-prep book hoard.Sometimes I get the feeling I’ve been killed in a car crash, and this second half of my life is just the brain unspooling itself, like one of those episodes of a hospital ...
ThreeNow’s new murder mystery series takes us on a dark, damp journey into the Australian wilderness.This is an excerpt from our weekly pop culture newsletter Rec Room. Sign up here. High Country is ThreeNow’s new Australian eight-part crime drama, set in a remote part of the Victorian highlands. It tells ...
Introducing a new way to read The Spinoff every weekend. After nearly 10 years of being an online magazine, we’re finally embracing the weekend liftout. Despite our best efforts to convince you otherwise, writers and editors at The Spinoff don’t work weekend. It is through the sheer power of technology ...
Tip one: let yourself be nurtured by this big old man. Tip two: don’t ask him to adopt you. So, you’ve arrived at your first session with a new therapist. He tells you to make yourself comfortable and you opt for the tweed armchair, hoping it makes you look like ...
I didn’t know books could open you back up; that there were books that stayed with you, where reading was like a chemical event. I knew nothing.The Sunday Essay is made possible thanks to the support of Creative New Zealand.Not too long ago, I was listening to the American ...
Former Olympic swimmer James Magnussen has already started training for the Enhanced games, though says he won’t start taking performance enhancing substances until about nine months out from the competition. The Australian world champion was the first athlete to be announced by Enhanced, but he says the organisation has had ...
Everyone thinks he’s dead. Every day they expect his body to be washed up along the coast. Most likely up Karitane way, the way the tide’s running. But nobody’ll be too surprised if his body’s never found. Even in death he wouldn’t have wished for such attention. He would have ...
Council members voted 21 to 4 in favour of Ahluwalia returning to the Laucala campus following a much-awaited meeting in Vanuatu this week. It comes as USP and its two unions — the Association of the University of the South Pacific Staff (AUSPS) and the Administration and Support Staff Union ...
Source: The Conversation (Au and NZ) – By Nicola Henry, Professor & Australian Research Council Future Fellow, Social and Global Studies Centre, RMIT University Shutterstock Following an emergency meeting of the National Cabinet this week, Prime Minister Anthony Albanese has announced a raft of measures to tackle the problem ...
Analysis - A poll showing the opposition is more popular than the government raises questions, politicians go through their 'trial by pay rise' and a Green MP loses her cool in the debating chamber. ...
The entire stretch of Tokomaru Bay on the East Coast will be subject to a joint customary marine title for two hapū, and extending up to four miles out to sea. A High Court judge has found the two groups, who during the case settled a dispute over boundaries for ...
Source: The Conversation (Au and NZ) – By James Hall, Lecturer, Media & Cultural Studies, Edith Cowan University A longstanding feud between TikTok and Universal Music Group seems to have finally reached an end, with both parties signing a deal that will see Universal-backed music returned to the social media ...
Source: The Conversation (Au and NZ) – By Siobhan O’Dean, Postdoctoral Research Associate, The Matilda Centre for Research in Mental Health and Substance Use, University of Sydney After several highly publicised alleged murders of women in Australia, the Albanese government this week pledged more than A$925 million over five years ...
Political parties have now fully disclosed the donations they received last year - with National getting more than double the cash of any other party. ...
A Pacific regionalism expert has called out New Zealand's Foreign Affairs Minister Winston Peters for withholding information from the public on AUKUS military pact. ...
Source: The Conversation (Au and NZ) – By Richard de Grijs, Professor of Astrophysics, Macquarie University Bruno Scramgnon/Pexels All systems are “go” for tonight’s launch of China’s next step in a carefully planned lunar exploration program. Placed on top of a powerful Long March 5 rocket, the Chang’e 6 ...
National returned a massive donation the day after a Newsroom story linked the donors to a property being investigated for operating unlawfully as a migrant workers’ hostel. The party’s 2023 donation filings, released on Friday, show it returned a $200,000 donation from Buen Holdings on August 23. That was the ...
Pacific Media Watch New Zealand has slumped to an unprecedented 19th place in the annual Reporters Without Borders World Press Freedom Index survey released today on World Press Freedom Day — May 3. This was a drop of six places from 13th last year when it slipped out of its ...
Source: The Conversation (Au and NZ) – By Joshua Black, Political Historian and Administrator Officer, Australian Historical Association, Australian National University Australia has had its fair share of public record-keeping controversies in recent years. Some have been mere farce, as in the case of two formerly government-owned filing cabinets (containing ...
Heavenly Culture, World Peace, Restoration of Light (HWPL), a United Nations-affiliated organization dedicated to fostering peace through civilian-led initiatives, has issued a statement in response to the escalating conflict between Israel and Iran. ...
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No charges to be laid.
‘
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.