web analytics

Pinning hopes on China

Written By: - Date published: 9:35 am, March 9th, 2014 - 33 comments
Categories: China, economy - Tags:

Our export-led economy is a rock-star according to those on the right. Australia kept us going, and now, despite the EU still spluttering, we can fly because China will buy all our milk powder.  Which we can keep making more of without destroying our ‘clean green’ country somehow.

But there’s a potential flaw in putting all your eggs in one China basket, as a number of BBC stories have been revealing.

First came Robert Peston looking at the level of debt and subsidies that sustains Chinese growth since the GFC and the West buying fewer Chinese goods.

Over the past few years, China has built a new skyscraper every five days, more than 30 airports, metros in 25 cities, the three longest bridges in the world, more than 6,000 miles of high speed railway lines, 26,000 miles of motorway, and both commercial and residential property developments on a mind-boggling scale.

There’s unsustainable growth which has Chinese debt at a reputed 200% of GDP, and investment at an unheard of 50% of GDP. It’s building massive ghost cities.  The Chinese Banking sector has rapidly expanded from $10 trillion to $25 trillion in a few years – the increase is the size of the entire US commercial banking sector, built up over centuries.

The wheels must surely fall off at some point, but in the meantime, China must grow as the promise from above is wealth instead of democracy and a say.  Should that wealth fail…

Next comes Linda Yeuh, looking at the massive shadow banking sector – accounting for 20% of banking in China is unofficial (non-bank) lending – often at interest rates of up to 100%.

Even local government is borrowing as central government promised growth and infrastructure, but didn’t provide the funds to local government to fulfil it.

If you think our fall-out from Finance Companies was bad, it’ll be but a grain of sand compared to what China might be loading up.

And now, we have the first time China is letting a major company default on a Chinese bond. A solar panel firm can’t pay its interest on a 1 billion yuan bond.

Where are they headed, and will they take us with them if we’re depending on them for our exports and recovery?

33 comments on “Pinning hopes on China”

  1. Bob Square Pants 1

    Shows how much you know then.

    The govt stopped subsidizing panels. Hence the company going under. More will follow. If it shows anything, it’s that Green technology can’t stand on its own two feet.

    This is where all our panels come from, so that kinda fucks the Greens solar argument.

    This has been in the works for some time. Glad you are finally catching up.

  2. adam 2

    Gotta love China – so this is going to be economic warfare 101? Or a real fubar realisation that capitalism is really a screwed up system? Maybe we can all grin and start again, once China fall’s over and scuttles the whole damn lot.

    • Tim 2.1

      “Maybe we can all grin and start again” ……
      Not a question of maybe! Unsustainable debt built on unsustainable growth (or maybe that’s the other way round). Either way, 3 finger salute – or as that Clinton lady once put it – we want to push the ‘reset’ button (in relation to Russia).
      Btw ….. it’s becoming fashionable for some to be concerned with income inequality. For those fashionistas – they at least have a basic understanding of mathematics and haven’t yet lost sight of the realities of people living together in a (dare I say it!) collective, or a community, or a city, or a “nation” even”.
      “Them Natives are getting restless” and it’s either mutually assured destruction, or the realisation that debt was built on a firm foundation of solid bullshit anyway.
      …. wooden wanna be in THEIR shoes – DERP!
      (Or maybe they’re hoping to take it with them into a Colin Craig style ‘afterlife’. All it would take is for the STUFF website to come out with the headline “Scientists say Second Life is Real”).
      Bah ….. Baaaaaahaahhhaa, Baaahaahah!

  3. geoff 3

    Where are they headed, and will they take us with them if we’re depending on them for our exports and recovery?

    Who do you mean by ‘us’ and ‘we’re’?

  4. RedLogix 5

    As long as the CCP retains it’s totalitarian grip on China it will continue to print credit and expand at 7% pa. They are in excess of 20% of the world economy now, by around 2030 they will account for about 60 – 70 % of global GDP.

    They still have around 800m peasants. China can add a fresh 20m skilled workforce into their economy each and every year for the next 40 years.

    And as long as China is allowed to fix it’s currency at a fraction of it’s real value (and ask yourself why this is when every other trading nation must float) this effectively unlimited slave labour force will destroy every other job in the world. Already it is getting hard to buy some categories of things that are not made in China.

    They have been very clever in allowing their shadow banking system to grow so very rapidly, but at the same time no one bank is large enough to damage the entire system. A few weeks ago the shadow bank system collapsed in one large city – the local govt just bailed it out and hardly anyone outside of China noticed.

    Chinese capital is on a massive spending spree throughout the world, buying up real-estate, resources and productive capacity. They’ve learnt well from the capitalist west that it’s smart to export the dirtiest, filthiest jobs out from your homeland and under the guise of various FTA’s will export millions of workers offshore. It’s the most massive economic colonisation program in all history. Absolutely the China is suffering dire environmental blowback in the homeland at present – but this is only a temporary phase. A growing and increasingly sophisticated middle-class will not tolerate environmental degradation indefinitely.

    At the same time their military budget is now $200b and ramping up rapidly. They will overmatch the USA by 2020.

    Within 20 years China will be the dominant player in the world. That fact is indisputable anyone who imagines that they will somehow stall or collapse is deluding themselves. The open question is going to be exactly how that dominance plays out.

    • Colonial Viper 5.1

      It’s not that the things you’ve said are not true, RL, it’s that you’ve not mentioned the pressures of certain very tough constraints that China is now running up against.

      China has massive demographic problems, social/political unrest, economic imbalances (eg services vs manufacturing sector imbalance), graft and environmental degradation.

      For instance, the consequences of the one child policy means that China’s population over 60 is going to massively increase over the next 30 years. IMO that alone will sink the more optimistic growth projections for China.

      • RedLogix 5.1.1

        China has massive demographic problems, social/political unrest, economic imbalances (eg services vs manufacturing sector imbalance), graft and environmental degradation.

        The point is that the CCP has the capacity to solve them. These people are not afraid of thinking big and planning for the long-term because they have the certainty that they will be around for the long-haul.

        Contrast this with Washington which is now effectively a dead-locked zombie. It is no longer controversial to suggest that the Western experiment with party political democracy has failed. At the same time a one-party totalitarian regime in China is proving wildly successful, in the face of considerable odds. This is an irony very few people in the West are willing to say out loud.

        Given this track-record I’m willing to place odds on the CCP overcoming the challenges you list as well. They are real, they are massive – but China has the capacity to respond where the rest of the world does not.

        • Colonial Viper 5.1.1.1

          Yeah, there is that. You could see it around the time of the Beijing Olympics. Smog free skies needed for the Opening Ceremony? No problem, we’ll just close all local industry, furnaces and coal fired power plants down for the entire week before.

  5. Colonial Viper 6

    Ben, I agree that massive Chinese credit creation and an over-reliance on the Chinese manufacturing industry (which for instance cannot produce trains which match the quality of what NZ WAS capable of making) is a real problem for this small country of ours.

    But as far as I can see, no NZ political party has been willing to make that very simple statement – that we need to re-localise and re-onshore NZ industries, and that we cannot continue to rely on “export driven growth” as if it was still the resource rich 1960’s and 1970’s. Markets like China, the EU, the USA and even now Australia are slowing (and perhaps possibly on the verge of another crash).

    Resource and energy depletion is real. Climate change is real. The dominance of banks and large financial institutions over even sovereign states is real. New economic ideas are needed. And whom within our political landscape is proposing them?

    I want to understand why all our political parties seem content with trying to hoodwink the electorate with yet another few years of business as usual ‘pretend and extend’?

    • RedLogix 6.1

      (which for instance cannot produce trains which match the quality of what NZ WAS capable of making)

      When the Chinese want to do quality they are perfectly capable of it. Another decade and we will no longer mention these things.

      When I was a boy all Japanese cars were “Jap Crap”. No-one says that anymore.

      And whom within our political landscape is proposing them?

      No-one is allowed to. Look at the way Cunliffe who looks like a very modest threat to the status-quo is being cut down.

      • marty mars 6.1.1

        “When the Chinese want to do quality they are perfectly capable of it.”

        The space program supports this statement – if it needed support that is, which I think it didn’t, even though I offered support for it – go figure.

      • Draco T Bastard 6.1.2

        When I was a boy all Japanese cars were “Jap Crap”. No-one says that anymore.

        Yep, I remember that. Didn’t take long for them to be the best car makers in the world. China will go the same way.

        No-one is allowed to.

        And that is the big problem with politics in Western countries – you’re not allowed to question the orthodoxy that enriches the few at everyone else’s expense and regularly crashes the economy.

        • Colonial Viper 6.1.2.1

          The inevitable conclusion is that trying to work through mainstream political parties can only be a vanishingly small fraction of what the Left does. Building mass movements, popular organisations and logistics enabling protests and peaceful resistance will be the key.

        • Populuxe1 6.1.2.2

          Um, try questioning the orthodoxy in China that enriches the top members of the CCP and leaves millions of people in dire poverty or virtual slavery.

      • Colonial Viper 6.1.3

        BTW KiwiRail engineers and consultants were over in China monitoring the build of that rolling stock. Obviously, whatever they were doing, it wasn’t enough.

        When the Chinese want to do quality they are perfectly capable of it. Another decade and we will no longer mention these things.

        In the 1960’s the Japanese became fanatical about implementing quality control initiatives e.g. Deming process control approaches.

        Today Chinese manufacturing has learnt an even more valuable lesson: western consumers and western countries are happy to hand over large sums of money for junk.

        NZ has proven that insight yet again.

      • Murray Olsen 6.1.4

        Very true, RL. I have a friend in India who gets stuff made in China. I mentioned the problem of quality to him and he told me that, when you negotiate the deal, you also negotiate the quality. If you’re willing to pay, you get top of the line stuff. My son in law, a Chinese factory owner, claims to only make the highest quality, but then I’ve never done business with him.

        Makes me wonder exactly how the asbestos train negotiations proceeded. I would have loved to be a fly on the wall.

  6. Draco T Bastard 7

    The real problem is that we keep pinning our hopes on export rather than building up our own economy. Produce everything we need here in NZ and we’re not susceptible to outside economic disasters.

  7. I have been predicting the demise of China as the result of the demise of the US for about 8 years now.

    The US Consumers until recently spend about $ 7 trillion annually. The Chinese about $1 trillion.

    The US is collapsing at a staggering but entirely predictable speed with shops closing by the thousands. Chinese billionaires and corrupt party officials are leaving the country and are buying huge amounts of real estate globally to get their loot out of China.
    In London for example entire condo buildings are build and marketed exclusively to the Chinese.

    Chinese companies are channel stuffing to keep the pretense up and they keep building entire cities where nobody lives to keep their economy going and they are printing a cob smacking $ 250 billion or so a month. It is unsustainable and ridiculous. Without the US as their biggest customer and the rest of the worlds economies tanking as the result of banker fraud and fiat currencies there is no way the <ahref=”http://www.washingtonsblog.com/2014/03/chinese-economy-crashing.html”>Chinese can keep this going. Nobody can!

    • RedLogix 8.1

      No. Everyone who is predicting the demise of China is applying the kind of thinking that is applicable in the West.

      China is completely different. The CCP can do whatever it wants – politically and economically.

      • travellerev 8.1.1

        They can do anything they want but they cannot break the laws of nature or practice Witchcraft/Magic.

        Contrary to the West people there do actually get arrested for corruption and convicted to death too. Apparently this worries the überrich and apparatchiks alike to the point where they actually leave en masse with their stolen loot. A billion angry people can be pushed only so far even by what you apparently think is of Godlike strength but in fact of course is merely a very small group of elitist scumbags.

  8. dave 9

    we are 400 percent of GDP in Debt. private debt is a basket case and Shonkey is making sure the government books are looted as well 1984 all over again I just have a feeling inside when labour and green get to see the books there going to be cooked to the Max by billy bob English

    • Yep, let’s start with the $112 billion in CDF and other derivatives!

    • aerobubble 9.2

      Key is a banker, Key knows inflation wipes out debt, it therefore follows that the world needs a massive round of inflation to wipe the debt back to something manageable. If anything Key hasn’t gone far enough and used debt to build infrastructure, swimming pools, etc, etc. As after the bout of global inflation its will be much more expense to build.

      Inevitably the cycle turns and we need a high spending high taxing government. How else are a generation of right wing idiots supposed to claim governments should not tax and spend unless we have a bout of it from time to time to make it a realistic proposition. And when is the best time, well NOW! in a debt binge waiting on massive inflationary reset.

  9. Ad 10

    Ben what did you make of Laim Dann’s much more positive article on the same topic today.

    Personally China looks like New Zealand’s substitute for an economic development policy. And seems to be working almost as well.

Recent Comments

Recent Posts

  • Nick Smith: There is NO crisis
    MyThinks has been fielding many questions about Nick Smith. “What’s happening with housing?” “Does Nick Smith know anything about any of his policy areas?” “Why does he look so shifty when he’s telling us what we should think?” These are… ...
    My ThinksBy boonman
    8 hours ago
  • Tracking the 2°C Limit – April 2016
    April is starting to come down off the shockingly high anomalies of the first couple of months of this year. GISS is clocking in a still strong warm anomaly of 1.11°C. This is by far the hottest April in the… ...
    10 hours ago
  • Fanshawe St Bus Stop improvements
    Occasionally it is small projects that can have a lot of impact on people’s PT experience. With the ever growing number of people working near Victoria Park, an upgrade to the bus stops on Fanshawe St along with improvements to the… ...
    11 hours ago
  • Fanshawe St Bus Stop improvements
    Occasionally it is small projects that can have a lot of impact on people’s PT experience. With the ever growing number of people working near Victoria Park, an upgrade to the bus stops on Fanshawe St along with improvements to the… ...
    11 hours ago
  • An abuse of the Speaker’s chair
    Last week NewsHub revealed leaked MPI reports which showed that MPI had been turning a blind eye to widespread criminal behaviour in the fishing industry. Today was the first day of Parliament since those revelations, and given their seriousness, it… ...
    No Right TurnBy Idiot/Savant
    12 hours ago
  • An abuse of the Speaker’s chair
    Last week NewsHub revealed leaked MPI reports which showed that MPI had been turning a blind eye to widespread criminal behaviour in the fishing industry. Today was the first day of Parliament since those revelations, and given their seriousness, it… ...
    No Right TurnBy Idiot/Savant
    12 hours ago
  • Punakaiki Fund invests in Populate
    Crosspost from Punakaiki Fund. New Investment: Populate One of our core motivations at Punakaiki Fund is being able to help and watch companies create a large number of sustainable new jobs. And one of the best people around at hiring… ...
    Lance WiggsBy Lance Wiggs
    12 hours ago
  • A piece of gratis media advice for Hilary Clinton
      Here’s some free media advice for Hilary Clinton now just trailing Donald Trump in the polls: Stop smiling and waving to “people you recognise” in the crowd. It’s insulting to everyone else, looks (and may well be) dishonest… ...
    13 hours ago
  • A piece of gratis media advice for Hilary Clinton
      Here’s some free media advice for Hilary Clinton now just trailing Donald Trump in the polls: Stop smiling and waving to “people you recognise” in the crowd. It’s insulting to everyone else, looks (and may well be) dishonest… ...
    13 hours ago
  • The Nuit Debout revolt in France: let the gems sparkle. . .
    by Denis Godard The movement of occupation of squares in France is [over] two weeks old. [1] Its evolution is difficult to predict, because it is open to many unforeseen events, even though its roots are deep. At this point… ...
    RedlineBy Admin
    13 hours ago
  • Open Government: Unilateral
    Back in April, State Services Minister Paula Bennett announced in an answer to a Parlaimentary written question that we were consulting the Open Government Secretariat about an extension to the deadline for submitting our action plan:While New Zealand's second Open… ...
    No Right TurnBy Idiot/Savant
    13 hours ago
  • Open Government: Unilateral
    Back in April, State Services Minister Paula Bennett announced in an answer to a Parlaimentary written question that we were consulting the Open Government Secretariat about an extension to the deadline for submitting our action plan:While New Zealand's second Open… ...
    No Right TurnBy Idiot/Savant
    13 hours ago
  • What I’m looking for in Budget 2016 – A better start for our tamariki
    Ensuring the best start for our tamariki is a priority for me in everything I do. And so in Budget 2016, my first budget as an MP, I looking for the Government to make a real investment in the wellbeing… ...
    frogblogBy Marama Davidson
    13 hours ago
  • Free the Wicklow 2
    Protests around the imprisonment of these two activists are taking place around Ireland and also in Britain.  Anyone fancy organising something at the Irish embassy in Wellington  There is also an Irish consulate in Auckland. ...
    RedlineBy Admin
    13 hours ago
  • DIY Touring The World: New Zealand
    New Zealand has a small population, few places to play and not much money for touring bands - but you can’t beat the beautiful landscapes, hidden gem venues and fantastic audiences. Music impresario Ian Jorgensen has been touring bands… ...
    13 hours ago
  • We are all socialists now
    A mass government house-building programme is a favourite policy of the left for solving the Auckland housing crisis. Use cheap government capital, build affordable, energy-efficient homes, mass produce them to get efficiencies of scale, and get people back into owning… ...
    No Right TurnBy Idiot/Savant
    13 hours ago
  • We are all socialists now
    A mass government house-building programme is a favourite policy of the left for solving the Auckland housing crisis. Use cheap government capital, build affordable, energy-efficient homes, mass produce them to get efficiencies of scale, and get people back into owning… ...
    No Right TurnBy Idiot/Savant
    13 hours ago
  • Protected: Tributes to Dame Margaret Sparrow
    This post is password protected. You must visit the website and enter the password to continue reading.Filed under: Uncategorized ...
    ALRANZBy ALRANZ
    13 hours ago
  • New Zealand and New Zealand
    There’s a 2009 sci-fi novel by China Miéville called The City and the City. The action takes place in two separate cities which overlap each other geographically, but the denizens of each city is compelled to ‘Unsee’ things they see happening in… ...
    DimPostBy danylmc
    14 hours ago
  • New Zealand and New Zealand
    There’s a 2009 sci-fi novel by China Miéville called The City and the City. The action takes place in two separate cities which overlap each other geographically, but the denizens of each city is compelled to ‘Unsee’ things they see happening in… ...
    DimPostBy danylmc
    14 hours ago
  • Breaking free from fossil fuels – the risk we take is not taking action
    Last week, #BreakFree2016 wrapped up across the globe. Greenpeace joined with many inspiring organisations in a global wave of peaceful actions that lasted for 12 days and took place across six continents to target the world’s most dangerous fossil fuel projects.In places… ...
    14 hours ago
  • More odious debt
    The media over the last few days has been full of stories about WINZ and odious debt. But the worst one is this:A woman with eight children living in emergency housing is facing a debt to Work and Income of… ...
    No Right TurnBy Idiot/Savant
    15 hours ago
  • More odious debt
    The media over the last few days has been full of stories about WINZ and odious debt. But the worst one is this:A woman with eight children living in emergency housing is facing a debt to Work and Income of… ...
    No Right TurnBy Idiot/Savant
    15 hours ago
  • Additional Harbour Crossing ill-considered and over-rushed.
    We are increasingly concerned that Auckland is in the middle of very poor process where by far the nation’s biggest ever infrastructure project is being forced along and at ill-considered speed without anything like the level of public participation nor detailed… ...
    Transport BlogBy Patrick Reynolds
    16 hours ago
  • Additional Harbour Crossing ill-considered and over-rushed.
    We are increasingly concerned that Auckland is in the middle of very poor process where by far the nation’s biggest ever infrastructure project is being forced along and at ill-considered speed without anything like the level of public participation nor detailed… ...
    Transport BlogBy Patrick Reynolds
    16 hours ago
  • Tinder and 3nder are officially at war
    Your right to swipe for threesomes is under threat.    Some clean-cut millennials enjoying the 3nder afterglow. 1232RF Those for whom three is the magic sex-number should know that one's right to swipe one's way into a six-limb circus is… ...
    16 hours ago
  • Some big news, for me
    Two pieces of news that are kind of a big deal, for me. Firstly, I’m ditching my landline! I’m not a student and I’m not in a low income band, so make of that what you will. Secondly, after 10… ...
    GrumpollieBy Andrew
    16 hours ago
  • Start as you mean to go on
    The GCSB has a new director: His family tease him by calling him Johnny English. He has a 3000-strong record collection – not classical, but some “out there” 1980s indie rock. Andrew Hampton is also a government fix-it man –… ...
    DimPostBy danylmc
    16 hours ago
  • Start as you mean to go on
    The GCSB has a new director: His family tease him by calling him Johnny English. He has a 3000-strong record collection – not classical, but some “out there” 1980s indie rock. Andrew Hampton is also a government fix-it man –… ...
    DimPostBy danylmc
    16 hours ago
  • Polity: Mike’s minute: Mike’s maths!
    Today, media ubiquity Mike Hosking took to nzherald.co.nz to vent his frustration at Labour for suggesting that it would re-convene the same Tax Working Group first used by National. He was clearly very upset.For Mike, Auckland’s housing crisis is a… ...
    17 hours ago
  • Polity: Mike’s minute: Mike’s maths!
    Today, media ubiquity Mike Hosking took to nzherald.co.nz to vent his frustration at Labour for suggesting that it would re-convene the same Tax Working Group first used by National. He was clearly very upset.For Mike, Auckland’s housing crisis is a… ...
    17 hours ago
  • Denise Roche: What I’m looking for in Budget 2016 Pt II
    Aotearoa’s new New Zealanders,  come to our country in vulnerable position: – often away from the culture, communities and families they know, sometimes in neighbourhoods without familiar faces and often encountering barriers to employment. With net migration at 50,000+ a… ...
    frogblogBy Denise Roche
    17 hours ago
  • Helter smelter deja vu: Tiwai Point uncertainty stalls NZ renewables
    Simon Johnson looks at how New Zealand Aluminium Smelter Limited is behind the Meridian/Genesis deal keeping the Huntly Thermal Power Station burning coal as the threat of closing the Tiwai Point smelter is stalling the construction of consented renewable energy… ...
    Hot TopicBy Mr February
    18 hours ago
  • Helter smelter deja vu: Tiwai Point uncertainty stalls NZ renewables
    Simon Johnson looks at how New Zealand Aluminium Smelter Limited is behind the Meridian/Genesis deal keeping the Huntly Thermal Power Station burning coal as the threat of closing the Tiwai Point smelter is stalling the construction of consented renewable energy… ...
    Hot TopicBy Mr February
    18 hours ago
  • Equal Pay and Budget 2016
    The last few years we’ve seen equal pay for women flagged as an undefined risk in the budget. This year we should expect to see this, as well as budgeted money to deliver equal pay to caregivers and funding for,… ...
    frogblogBy Jan Logie
    19 hours ago
  • Equal Pay and Budget 2016
    The last few years we’ve seen equal pay for women flagged as an undefined risk in the budget. This year we should expect to see this, as well as budgeted money to deliver equal pay to caregivers and funding for,… ...
    frogblogBy Jan Logie
    19 hours ago
  • Hard News: This. Is. Crazy.
    It's eight days since the Prime Minister airily assured Guyon Espiner on Morning Report that "in my experience with Work and Income", homeless people could go along to their local office and get sorted with some emergency housing.We now know… ...
    19 hours ago
  • Hard News: This. Is. Crazy.
    It's eight days since the Prime Minister airily assured Guyon Espiner on Morning Report that "in my experience with Work and Income", homeless people could go along to their local office and get sorted with some emergency housing.We now know… ...
    19 hours ago
  • A great Budget would
    A great Budget would embrace the challenge of our polluted rivers and move the money away from justifying the status quo water rules into cleaning up waterways. A great Budget would take the Ministry for the Environment freshwater budget and… ...
    frogblogBy Catherine Delahunty
    19 hours ago
  • Smarter, Better, Cleaner, Stronger
    This Thursday Bill English will deliver his eighth Budget. Will it continue the trend of previous National budgets, making tertiary education less affordable, putting only token funds into innovation, and subsidising polluters? Budgets aren’t what they used to be. Once… ...
    frogblogBy Gareth Hughes
    19 hours ago
  • What we are expected to believe
    In recent months I have become increasingly concerned at the state of bullshit in this country. Bullshit, as Harry Frankfurt famously wrote, is distinguished not by its intentionally negative truth value (those are lies) but its absence of intentional truth… ...
    20 hours ago
  • The end of Auckland’s old growth model
    The New Zealand Council for Infrastructure Development’s public shark-jumping exercise the other week got me thinking. While their flagship policy of a new megabillion eastern tunnel project is a bit mad, their report does a reasonable job of diagnosing one… ...
    Transport BlogBy Peter Nunns
    21 hours ago
  • The end of Auckland’s old growth model
    The New Zealand Council for Infrastructure Development’s public shark-jumping exercise the other week got me thinking. While their flagship policy of a new megabillion eastern tunnel project is a bit mad, their report does a reasonable job of diagnosing one… ...
    Transport BlogBy Peter Nunns
    21 hours ago
  • Why are whistleblowers being prosecuted as spies?
    Whistleblowers are a ‘check’ on government, corporate or organisational secrecy and malfeasance. I recently read Tim Shipman’s preview of the Chilcot report into the origins of the Tony Blair-led UK engagement in the US’s invasion of Iraq, which looked at… ...
    The PaepaeBy Peter Aranyi
    21 hours ago
  • Spend and Tax
    As a general rule, New Zealanders want more public spending. Surveys (such as the 2014 Election Survey) show consistent support for increases in spending, particularly in the areas of health, education, housing, law enforcement, public transport and the environment (in… ...
    Briefing PapersBy Brian Easton
    22 hours ago
  • The birth place of the artist
    It may not be the best reason to fund the arts. It’s certainly not the only one. But travelling to the small city of Rovereto, at the feet of the Italian dolomites, reminded me of the lasting influence that a… ...
    Bat bean beamBy Giovanni Tiso
    1 day ago
  • Gordon Campbell on the rise of the far right, and battle bots
    In his victory speech at the Cannes film festival this week, the British film director Ken Loach warned that the rise of far right parties in Europe was being fuelled by the economic policies of austerity, and manifested in a… ...
    1 day ago
  • Why Corrections prevented Tony Robertson from getting treatment in prison
    Tony Robertson was sentenced to eight years in prison for indecently assaulting a five year old girl in 2005. He was considered a high risk prisoner and the parole board declined to release him on four separate occasions.  He was… ...
    PunditBy Roger Brooking
    1 day ago
  • Have We a Housing Policy?
    The Prime Minister’s announcement that there is nothing new about homelessness is both an example of his strengths in reassuring the public that there is never really a problem and the weaknesses of the government’s policy approach..read more ...
    PunditBy Brian Easton
    1 day ago
  • Have We a Housing Policy?
    The Prime Minister’s announcement that there is nothing new about homelessness is both an example of his strengths in reassuring the public that there is never really a problem and the weaknesses of the government’s policy approach..read more ...
    PunditBy Brian Easton
    1 day ago
  • Climate denial arguments fail a blind test
    As we saw in the recent legal ruling against Peabody coal, arguments and myths that are based in denial of the reality of human-caused global warming rarely withstand scientific scrutiny. In a new study published in Global Environmental Change, a team led by Stephen Lewandowsky… ...
    1 day ago
  • Palmerston North librarians gather to support UCOL colleagues
    At 5pm today at the UCOL Library, representatives of library staff from the City Library, Massey, Te Wānanga o Aotearoa, and local schools will meet in a show of support for UCOL Library staff whose jobs are threatened. “We all… ...
    1 day ago
  • Accountability for Iraq?
    Six years after it was established, the Chilcot Inquiry into the UK's involvement in the Iraq war is finally about to report back. And from the sound of it, its going to pin the blame squarely where it belongs: on… ...
    No Right TurnBy Idiot/Savant
    1 day ago
  • Accountability for Iraq?
    Six years after it was established, the Chilcot Inquiry into the UK's involvement in the Iraq war is finally about to report back. And from the sound of it, its going to pin the blame squarely where it belongs: on… ...
    No Right TurnBy Idiot/Savant
    1 day ago
  • Not Quite But Getting There
    It seems that Labour might have finally gotten the memo about getting it’s A into G but perhaps not quite digested the content. Still it’s a start. The last month has seen a steady stream of both Labour and Little… ...
    2 days ago
  • Climate change: The latest inventory
    The annual inventory report [PDF] of our greenhouse gas emissions was released on Friday. The headline data: emissions are still increasing: There's been another "recalculation" in the last 12 months, making year-to-year comparisons difficult. Naurally, this seems to have shifted… ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • Climate change: The latest inventory
    The annual inventory report [PDF] of our greenhouse gas emissions was released on Friday. The headline data: emissions are still increasing: There's been another "recalculation" in the last 12 months, making year-to-year comparisons difficult. Naurally, this seems to have shifted… ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • Australia lets kiwi detainees literally rot
    What are our "closest friends" Australia doing to kiwis awaiting deportation? Letting them literally rot away in prison due to substandard medical care:A New Zealander held at an Australian immigration detention centre will find out today if his leg has… ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • Australia lets kiwi detainees literally rot
    What are our "closest friends" Australia doing to kiwis awaiting deportation? Letting them literally rot away in prison due to substandard medical care:A New Zealander held at an Australian immigration detention centre will find out today if his leg has… ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • CRL already impacting land use on city fringe
    The City Rail Link will be one of the most transformational projects Auckland has ever seen. Perhaps nowhere else will see experience that transformation more than the inner west of the isthmus which effectively gets picked up and moved much closer to… ...
    2 days ago
  • CRL already impacting land use on city fringe
    The City Rail Link will be one of the most transformational projects Auckland has ever seen. Perhaps nowhere else will see experience that transformation more than the inner west of the isthmus which effectively gets picked up and moved much closer to… ...
    2 days ago
  • National should give us our $13,000 back
    We all know that National works for the rich and screw over ordinary New Zealanders to funnel wealth upwards into the pockets of its rich mates. But how bad have they been? $13,000 bad:Yesterday, Mr Little said that since National… ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • National should give us our $13,000 back
    We all know that National works for the rich and screw over ordinary New Zealanders to funnel wealth upwards into the pockets of its rich mates. But how bad have they been? $13,000 bad:Yesterday, Mr Little said that since National… ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • Access: The Universal Basic Income and its implications for citizenship
    The suggestion about a possible Universal Basic Income (UBI) was only one of numerous suggestions to come out of Labour’s Future of Work initiative. This a wide-ranging policy discussion that the Party’s economic development spokesman, Wellington Central MP Grant Robertson,… ...
    2 days ago
  • Access: The Universal Basic Income and its implications for citizenship
    The suggestion about a possible Universal Basic Income (UBI) was only one of numerous suggestions to come out of Labour’s Future of Work initiative. This a wide-ranging policy discussion that the Party’s economic development spokesman, Wellington Central MP Grant Robertson,… ...
    2 days ago
  • Review: The Block Party
    Did New Zealand’s 'premier urban music' event live up to the hype?   Photo: Nicole Semitara Hunt ‘Old school’ was the name of the game on Friday night at The Block Party, where several thousand converged on ASB… ...
    2 days ago
  • Hard News: The media awards are dead – long live the media awards!
    Friday's Canon Media Awards was the most interesting instance of the long-running national ceremony in a long time, maybe ever. There were notable insurgencies – The SpinOff took two awards from 11 first-time nominations, Radio NZ's The Wireless won Website… ...
    2 days ago
  • Hard News: The media awards are dead – long live the media awards!
    Friday's Canon Media Awards was the most interesting instance of the long-running national ceremony in a long time, maybe ever. There were notable insurgencies – The SpinOff took two awards from 11 first-time nominations, Radio NZ's The Wireless won Website… ...
    2 days ago
  • New research confirms water fluoridation does not cause bone cancers
    The most common type of bone cancer is Osteosarcoma. Image credit:  Osteosarcoma This time for Texas. A new study confirms what other researchers have found elsewhere. It is reported in this recent paper: Archer, N. P., Napier, T. S., & Villanacci, J. F. (2016).&hellip; ...
    2 days ago
  • Redline on the Labour Party
    No-one on the anti-capitalist left in this country today puts forward a case that Labour is on the side of the working class.  There are certainly people who call themselves ‘socialist’ who do, but they are essentially liberals with vested… ...
    RedlineBy Admin
    2 days ago
  • Selfie-takers think they’re the greatest
    Science says otherwise.  “People often perceive themselves as more attractive and likable than others [perceive them to be].” This is the cutting conclusion from a new study that has found you're probably not as great as you think you… ...
    2 days ago
  • UCOL cutting the staff who lifted student results
    UCOL needs to halt its proposed cuts to student support services now that it knows those services are improving student outcomes. On Friday, in an email to all staff, UCOL released its provisional 2015 Educational Performance Indicator (EPI) results which… ...
    2 days ago
  • Another Road Only Harbour Crossing on the Cards?
    The absence of rail as well as walking and cycling options to the North Shore has been considered an oversight by many probably ever since the Harbour Bridge was first approved for construction over 60 years ago. While Skypath will… ...
    2 days ago
  • Leaked UK Briefing Shows NZ-EU Trade Deal is a Sham
    Press Release – New Zealand First Party Rt Hon Winston Peters New Zealand First Leader Member of Parliament for Northland 23 MAY 2016 Leaked UK Briefing Shows NZ-EU Trade Deal is a Sham The Prime Ministers EU trade deal… ...
    Its our futureBy ScoopBlogPush
    2 days ago
  • Gordon Campbell on bank scandals and air crashes
    Libor. It stands for the London Interbank Offered rate. Back in 2012, Libor became synonymous with a scandal involving the dodgy manipulation of how interest rates were fixed – during the years before and after the Global Financial Crisis –… ...
    2 days ago

  • Key’s “brain fart” on tax cuts news to English
    John Key didn’t tell his own Finance Minister he was about to go on radio and announce he wanted $3b of tax cuts, just days after Bill English ruled them out, says Labour’s Finance spokesperson Grant Robertson. “In Parliament today… ...
    12 hours ago
  • What I’m looking for in Budget 2016 – A better start for our tamariki
    Ensuring the best start for our tamariki is a priority for me in everything I do. And so in Budget 2016, my first budget as an MP, I looking for the Government to make a real investment in the wellbeing… ...
    GreensBy Marama Davidson
    13 hours ago
  • What I’m looking for in Budget 2016 – A better start for our tamariki
    Ensuring the best start for our tamariki is a priority for me in everything I do. And so in Budget 2016, my first budget as an MP, I looking for the Government to make a real investment in the wellbeing… ...
    GreensBy Marama Davidson
    13 hours ago
  • Denise Roche: What I’m looking for in Budget 2016 Pt II
    Aotearoa’s new New Zealanders,  come to our country in vulnerable position: – often away from the culture, communities and families they know, sometimes in neighbourhoods without familiar faces and often encountering barriers to employment. With net migration at 50,000+ a… ...
    GreensBy Denise Roche
    17 hours ago
  • Equal Pay and Budget 2016
    The last few years we’ve seen equal pay for women flagged as an undefined risk in the budget. This year we should expect to see this, as well as budgeted money to deliver equal pay to caregivers and funding for,… ...
    GreensBy Jan Logie
    19 hours ago
  • Equal Pay and Budget 2016
    The last few years we’ve seen equal pay for women flagged as an undefined risk in the budget. This year we should expect to see this, as well as budgeted money to deliver equal pay to caregivers and funding for,… ...
    GreensBy Jan Logie
    19 hours ago
  • A great Budget would
    A great Budget would embrace the challenge of our polluted rivers and move the money away from justifying the status quo water rules into cleaning up waterways. A great Budget would take the Ministry for the Environment freshwater budget and… ...
    GreensBy Catherine Delahunty
    19 hours ago
  • Budget building materials policy backfires
    On the eve of this year’s Budget official figures show Nick Smith’s Budget 2014 centrepiece to reduce the cost of building materials has backfired, says Labour’s Housing spokesperson Phil Twyford. “Ministry of Business, Innovation and Employment officials have spent the… ...
    19 hours ago
  • Smarter, Better, Cleaner, Stronger
    This Thursday Bill English will deliver his eighth Budget. Will it continue the trend of previous National budgets, making tertiary education less affordable, putting only token funds into innovation, and subsidising polluters? Budgets aren’t what they used to be. Once… ...
    GreensBy Gareth Hughes
    19 hours ago
  • Govt must come clean on tax cuts in Budget
    National is making a mockery of the Budget process by dangling the promise of tax cuts but failing to include them in the Budget, says Labour’s Finance spokesperson Grant Robertson. “National’s tax cut promises have turned into a farce. One… ...
    2 days ago
  • Grant Robertson Pre-Budget Speech
    Today I want to talk about success. As we know success can come in many different forms, from the fact you all made it here at such an early hour on a Monday, for which I am very grateful, to… ...
    2 days ago
  • Budget must deliver for middle New Zealand
    The Government must ensure next week’s Budget stops the squeeze on middle New Zealand and delivers shared prosperity for all New Zealanders, Leader of the Opposition Andrew Little says. The call follows new research commissioned by Labour that shows working… ...
    3 days ago
  • Our housing emergency – why we have to act
    Marama and Metiria at Homes Not Cars launch On Thursday, Metiria Turei announced the Green Party’s plan to start addressing the emergency housing crisis facing our country. Too many people are without homes right now – homeless. It is the… ...
    GreensBy Marama Davidson
    4 days ago
  • Will funding boost for sexual violence services go to the right places?
    This week the Government announced $46million for sexual violence services. This announcement was a result of decades of work by advocates and everyone who submitted to the Select Committee inquiry into funding for sexual violence services that I initiated with… ...
    GreensBy Jan Logie
    4 days ago
  • Will funding boost for sexual violence services go to the right places?
    This week the Government announced $46million for sexual violence services. This announcement was a result of decades of work by advocates and everyone who submitted to the Select Committee inquiry into funding for sexual violence services that I initiated with… ...
    GreensBy Jan Logie
    4 days ago
  • Denise Roche – What I’m looking for in this year’s Budget
    Two of the things I’ll be looking for in the Budget next week are more funding for refugees and for our arts and culture sector. More funding for refugees I’m a strong supporter of the #DoubleTheQuota campaign and its goals… ...
    GreensBy Denise Roche
    5 days ago
  • Denise Roche – What I’m looking for in this year’s Budget
    Two of the things I’ll be looking for in the Budget next week are more funding for refugees and for our arts and culture sector. More funding for refugees I’m a strong supporter of the #DoubleTheQuota campaign and its goals… ...
    GreensBy Denise Roche
    5 days ago
  • Car rego victims must get a refund
    Motorists who have been overcharged for their car registration should get a refund, says Labour’s Transport spokesperson Sue Moroney.  “Minister Nikki Kaye’s ‘faulty risk’ rating scheme has blown up in her face with over 170 different models of car having… ...
    5 days ago
  • Council statement shows they just don’t get it
    The Auckland Council’s statement today shows they don’t understand the problems created by the urban growth boundary, says Labour’s housing spokesperson Phil Twyford.  “I have been the first to defend the Auckland City Council when Bill English has been blaming… ...
    5 days ago
  • Inspecting electronic devices a potential privacy threat
    Labour is expressing concern for New Zealanders’ privacy rights as the Government signals Customs will have the power to inspect electronic devices coming across the border, says Labour’s Customs Spokesperson Rino Tirikatene. “We agree that customs officers should have the… ...
    5 days ago
  • The Price of Water
    This week I hosted a public meeting at EIT in Hawkes Bay to discuss how we might put a price on the commercial use of water, so that water may be valued and treated more sustainably. I invited a… ...
    GreensBy Catherine Delahunty
    5 days ago
  • Caption It NZ!
    Today I received a petition from the NZ Captioning Working Group urging the government to legislate for accessibility via closed captioning for deaf and hard of hearing New Zealanders. It was timely because today is the fifth Global Accessibility Awareness&hellip; ...
    GreensBy Mojo Mathers
    5 days ago
  • Older Kiwis to miss out on electives
    The Government is not doing enough elective surgery to keep up with New Zealand’s ageing population, says Labour’s Health spokesperson Annette King.  “It’s damning that the targeted national intervention rate for cataract and knee and hip surgery is the same… ...
    6 days ago
  • Most principals say their college is underfunded
    The Government must substantially increase funding for secondary schools in next week’s Budget after a new survey found 86 per cent of principals consider their college under-resourced, Labour’s Education spokesperson Chris Hipkins says. “Just 14 per cent of secondary principals… ...
    6 days ago
  • Bill English and Nick Smith on different pages
    The Government’s support for Labour’s policy to remove the Auckland urban growth boundary is good news, but National needs to clarify its position, Labour’s Housing and Auckland Issues spokesperson Phil Twyford says. “The Acting Prime Minister has acknowledged our position… ...
    6 days ago
  • Bill English and Nick Smith on different pages
    The Government’s support for Labour’s policy to remove the Auckland urban growth boundary is good news, but National needs to clarify its position, Labour’s Housing and Auckland Issues spokesperson Phil Twyford says. “The Acting Prime Minister has acknowledged our position… ...
    6 days ago
  • Labour calls for independent inquiry into illegal fish dumping
    The Labour Party is reiterating its call for an independent inquiry into New Zealand’s fishing industry after two reports revealed the Ministry for Primary Industries turned a blind eye to widespread fish dumping in New Zealand waters, says Labour’s Fisheries… ...
    6 days ago
  • Mt Karangahake and Newcrest Mining
    On Wednesday and Sunday of last week the local residents of the Karangahake mountain in the Karangahake gorge of Hauraki/Coromandel peacefully protested against a gold mining drill rig on private land adjacent to the DOC land. The drilling rig was… ...
    GreensBy Catherine Delahunty
    6 days ago
  • Robbing Aucklanders to pay Rio Tinto
    New Zealand’s national electricity grid stretches the length of the country and contains some 11,803 kilometres of high-voltage lines and 178 substations. It wouldn’t make sense for competing power companies to duplicate and build their own expensive electricity transmission system… ...
    GreensBy Gareth Hughes
    7 days ago
  • Government should abolish Auckland urban growth boundary
    The Government should rule out any possibility of an urban growth boundary in Auckland Council’s Unitary Plan if it is serious about fixing the housing crisis, says Labour’s Housing spokesperson Phil Twyford. “Over 25 years the urban growth boundary hasn’t… ...
    7 days ago
  • Kiwis don’t want iPads for Land deals
     It is outrageous that schools are relying on money and iPads from foreign land investors to meet the learning needs of their students, says Labour’s Education spokesperson Chris Hipkins.  “Several OIO land applications by offshore investors have claimed that without… ...
    7 days ago
  • Homelessness – National has failed all of us
    A young South Auckland Māori woman recently tried to get hold of me around midnight. I missed her call. The woman wanted me to know the sharp reality facing too many families looking for a stable place to live. Things… ...
    GreensBy Marama Davidson
    1 week ago
  • Moko case should never have been manslaughter deal
    Confirmation again yesterday that the manslaughter charge in the Moko Rangitoheriri case was a deal done by the Crown Prosecution Service is justifiably the cause of outrage, says Labour’s Children’s spokesperson Jacinda Ardern.“This should never have been a case where… ...
    1 week ago
  • Overseas investor funds school’s digital devices
    The Government must address the inequality laptops and tablets in classrooms are causing after a Queenstown school was forced to use a donation from an overseas investor to get their students digital devices, Labour’s Education spokesperson Chris Hipkins. “Documents obtained… ...
    1 week ago
  • Child Youth and Family Review and Domestic Violence
    This Government has consistently failed to recognise the links between Child Youth and Family Services (CYFS) and intimate partner violence. For me, the recent review of CYFS has highlighted this misunderstanding of the dynamics of domestic violence and its impacts… ...
    GreensBy Jan Logie
    1 week ago
  • Child Youth and Family Review and Domestic Violence
    This Government has consistently failed to recognise the links between Child Youth and Family Services (CYFS) and intimate partner violence. For me, the recent review of CYFS has highlighted this misunderstanding of the dynamics of domestic violence and its impacts… ...
    GreensBy Jan Logie
    1 week ago
  • Canterbury rebuild: How wood is a better choice for the new city
    It was interesting to attend the ForestWood Conference in Auckland recently and learn about the extent of innovation in the wood processing and manufacturing sector. The forestry sector may be New Zealand’s third largest export earner, but raw logs make… ...
    GreensBy Eugenie Sage
    1 week ago
  • Canterbury rebuild: How wood is a better choice for the new city
    It was interesting to attend the ForestWood Conference in Auckland recently and learn about the extent of innovation in the wood processing and manufacturing sector. The forestry sector may be New Zealand’s third largest export earner, but raw logs make… ...
    GreensBy Eugenie Sage
    1 week ago
  • Key plucks $3b out of thin air – reckless and irresponsible
    John Key refuses to give up on his dream of tax cuts to the wealthy, despite being shot down by Bill English, and is resorting to plucking numbers out of thin air, says Labour’s Finance spokesperson Grant Robertson. “On radio… ...
    1 week ago
  • John Key woefully out of touch on homelessness
    John Key is completely out of touch if he thinks desperate South Auckland families forced to live in cars can simply go to Work and Income for help, Opposition Leader Andrew Little says. “Many of these families are working and… ...
    1 week ago
  • Under-reporting shows need to review quota system
    The Government must launch an independent review into New Zealand’s 30-year-old Quota Management System following a new report suggesting gross under-reporting of catch in the New Zealand fishing industry, Labour’s Environment spokesperson David Parker says.  “The Auckland University report found… ...
    1 week ago
  • Investigations into tertiary institutions overdue
    A Tertiary Education Commission investigation into the Tai Poutini Polytechnic is overdue and should have been launched last year, Labour’s Associate Education (Tertiary) spokesperson David Cunliffe says. “Labour has been calling for an inquiry into potential rorts at Tai Poutini… ...
    2 weeks ago
  • Investigations into tertiary institutions overdue
    A Tertiary Education Commission investigation into the Tai Poutini Polytechnic is overdue and should have been launched last year, Labour’s Associate Education (Tertiary) spokesperson David Cunliffe says. “Labour has been calling for an inquiry into potential rorts at Tai Poutini… ...
    2 weeks ago
  • Where is the fair share for most New Zealanders?
    Most New Zealanders reading the news that chief executive pay has risen 12 per cent in the last year will be wondering when they are going to get their fair share, Labour’s Finance spokesperson Grant Robertson says. “More and more… ...
    2 weeks ago
  • Where is the fair share for most New Zealanders?
    Most New Zealanders reading the news that chief executive pay has risen 12 per cent in the last year will be wondering when they are going to get their fair share, Labour’s Finance spokesperson Grant Robertson says. “More and more… ...
    2 weeks ago
  • Mega media merger is bad news
    Some people call newspapers “tomorrow’s fish and chips” but this week’s news around a mega media merger is not an issue we should discard. Media giants Fairfax and APN News & Media announced they were in discussions to merge their… ...
    GreensBy Gareth Hughes
    2 weeks ago
  • Mega media merger is bad news
    Some people call newspapers “tomorrow’s fish and chips” but this week’s news around a mega media merger is not an issue we should discard. Media giants Fairfax and APN News & Media announced they were in discussions to merge their… ...
    GreensBy Gareth Hughes
    2 weeks ago
  • National puts Easter trading in the too hard basket
    All Labour MPs will vote against National’s move to leave Easter trading laws up to councils, Labour’s Workplace Relations spokesperson Iain-Lees Galloway says.  “Despite this being a conscience vote, Labour MPs are united in their opposition to the Government’s moves… ...
    2 weeks ago
  • National puts Easter trading in the too hard basket
    All Labour MPs will vote against National’s move to leave Easter trading laws up to councils, Labour’s Workplace Relations spokesperson Iain-Lees Galloway says.  “Despite this being a conscience vote, Labour MPs are united in their opposition to the Government’s moves… ...
    2 weeks ago
  • Law Commission speaks up for domestic violence survivors
    I want to give kudos to the Minister for Justice for getting the Law Commission to review options for how our justice system responds when victims of domestic violence kill their partners. This is a relatively discrete piece of work… ...
    GreensBy Jan Logie
    2 weeks ago

Public service advertisements by The Standard

Current CO2 level in the atmosphere