web analytics
The Standard
Advertising

‘Playing fair’ makes us losers in currency wars

Written By: - Date published: 6:29 am, November 12th, 2010 - 49 comments
Categories: capitalism, Economy, monetary policy, overseas investment - Tags: , ,

The US Government has begun ‘quantative easing’, which is effectively creating new money out of thin air, to inflate away the value of its debt and lower its currency to make its industries more competitive. It’s not the only country playing this ‘beggar thy neighbour’ game. Nearly all the major currencies are engaged in the ‘Currency Wars’ and we’re in the cross-fire doing nothing.

China and Japan have been trying to hold their currencies down for years – it was key to the economic development of them both. Since the global economic crisis began the US and the UK have joined in along with a few other countries. Together these countries, and the 20-odd countries that have their currencies pegged to the US dollar, represent a huge portion of the world economy. With all these currencies being pushed down, the handful of floating currencies that aren’t taking the same measures are finding themselves pushed to catastrophic heights (on a side note, I see the Aussie unemployment rate is rising again, undoubtedly linked to their currency being at parity with the US dollar).

New Zealand, the first and last neoliberal puritian, is one of the few ‘good guys’ leaving it to the market to set our exchange rates with intervention. And we’re getting royally screwed as a result.

Hickey explains the consequences:

A world of a permanently weak US dollar and the refusal of China and its neighbours to let their currencies rise vs the US dollar essentially sentences New Zealand to being a farm and tourist destination, and a foreign owned one at that as foreign investors look to spend their newly minted US dollar on hard assets in stable, food-rich democracies with proper legal systems.

Any manufacturer trying to sell to Asia, America or Europe would have no hope. Any that remain would have to focus on exporting to Australia, assuming of course the Australians leave their hands off and allow their currency to rise even further above US dollar parity than ours.

Some would argue that the world wouldn’t end if New Zealand had no manufacturing base exporting outside of Australia.

However, I think this would be a mistake. Manufacturing implies factories employing lowly paid manual workers, but in a modern sense manufacturing actually refers to higher wage jobs that will keep our youngest and brightest from leaving the country permanently.

The idea that we shouldn’t be a manufacturing country is nuts but it was a cornerstone of the neoliberal revolution. In the age of peak oil, having our own manufacturing base is going to be all the more important.

The Hobbit was a perfect example. Fisher and Paykel Healthcare and the other companies in the TIN 100 technology companies that produce NZ$5 billion in exports annually, just behind Tourism and Dairy as one of our biggest export industries.

These are the jobs and businesses we need. Can we really build incomes and repay our debts with the promise jobs on dairy farms pumping out commodity products or more jobs in cafes and hostels cleaning up after Australian tourists?

So what should we do?

There are plenty of ways New Zealand’s government and its Reserve Bank can try to stop our currency and high wages jobs from being stomped on by the elephants.

It could move much faster to reduce consumption and improve savings, reducing the need to borrow or sell assets in a way that pushes up our currency.

Introducing a capital gains tax or land tax would make a good start. Such a move to improve our national savings rate would also allow lower interest rates, which would encourage investment in exporting businesses.

We should be taxing things that can’t be shifted (like land) and things that are undesirable (speculation, pollution) and taking tax off things that are desirable (work and savings).

The government could impose limited forms of capital controls to discourage big lumps of freshly minted US dollars (or their proxies) from entering the country. Big farm and property sales to foreigners could be banned or limited. Other asset sales to foreign interests could be discouraged or blocked.

Selling your productive base is stupid. Your just giving someone else your profit stream forever in exchange for a bit of cash in hand. It should be a measure of last resort but we’ve been indoctrinated with this belief that foreign investment is vital.

New Zealand’s savings institutions, particularly the ones with government mandates or subsidies (the NZ Super Fund and the KiwiSavers funds), should be encouraged or forced to invest in New Zealand.

I agree. If we want a prosperious economy we can’t keep on borrowing the capital from overseas. We have to save and invest in ourselves.

Foreign investments in New Zealand government or corporate bonds could be taxed.

Government companies could be directed to buy goods and services from New Zealand companies.

It’s insane that SOEs are forced to make decisions purely on their own costs and benefits and ignore the wider impact on the government and the country. Kiwirail wasn’t permitted by Steven Joyce to build the new railcars itself and keep the work and tax revneu in New Zealand, instead it’s going for slightly cheaper railcars from abroad.

The IRD could be much more aggressive in forcing foreign owned companies to pay their fair share of taxes. Its success in forcing the Australian-owned banks to pay a fair tax rate sharply reduced our current account deficit.

Allowing Google to make $150 million of revenues in New Zealand and to pay just $7,726 in tax here last financial year would be a good place to start.

Can’t see that happening with National. If Google threatened to up and leave tomorrow, National would give them some of our dosh and change whatever law they want.

In a world where it’s every country for itself, New Zealand needs to look after itself.

All of these suggestions are interventions in the free market and they are specifically designed to put New Zealand interests first. The neoliberals scream that we shouldn’t pick winners (something even Fran O’Sullivan now disagrees with). We’re meant to play fair and leave it to the markets. Well, countries don’t become economic powers by playing fair and that is becoming truer by the day as the major economies retreat from free-market ideology and try to protect their own economies first. ‘Playing fair’ while everyone else is ‘cheating’ is a recipe for distaster.

49 comments on “‘Playing fair’ makes us losers in currency wars”

  1. joe90 1

    A bizarre animation explains the US-Sino currency battle.

  2. Good comment. The “invisible hand of the market” has been used to make the wealthiest even more wealthy to the cost of the rest of us.

    David Cunliffe has a keen understanding of the issue and is advocating for both short term action to knock the top of the currency value spike and longer term change so that the currency can be valued down. His comments are at http://blog.labour.org.nz/index.php/2010/11/11/currency-intervention-two-clips/

    • smhead 2.1

      Cunliffe doesn’t understand shit. NZ is far too small to take on the US currency. The US currency becomes more irrelevant every time they devalue. Every time the US prints more money its relative value against the rest of the world goes down, and commodity prices in US dollars go up. That’s how the market works and Cunliffe’s too much of an opportunist asshole to either understand it or accept it.

      If the NZ government chucked taxpayer’s money at the currency it would only make speculators very rich. Speculators have far more money than the NZ government and if they know that the NZ government will intervene and game with them, they will come a-playing and they will win.

      The main reason why the NZD is appreciating against the US, Euro and GBP is because the outlook for our economy is so much better than theirs.

      • Jim Nald 2.1.1

        Yes, that is right. NZ can’t do anything at all. We should not, at all cost, do anything.
        Just learn to take it, call it ‘rebalancing’ if you will. If you are exporting and can’t handle it, the positive way forward is simple. Just close shop. Do something else. Or, for goodness sake, shut up. Even better, just leave NZ. If you friends, family and workmates haven’t done it, then tell them to just leave. And those who are crying out in pain can just do the same. Just bloody get a one-way ticket to Oz and don’t come back. Just go, for goodness sake. Just go somewhere else. The free market has served us very well. And will continue to serve us even better. The message for the NZ economy and you all is clear: put up, shut up, close up or piss off.

      • Bright Red 2.1.2

        New Zealand managed a fixed exchange rate for most of its history. Including its most successful years.

        Since the currency has floated, the economy has experienced long periods of recession and bubbles.

        captcha: ‘floats’ (get out of my head, captcha)

        • insider 2.1.2.1

          But there wasn’t the ability to instantly trade and transfer money then. We also had captive markets for much of our produce. The world is very different today so the strategies probably need to change too.

        • JayMal 2.1.2.2

          Yeah smart guy… thats one of the main reasons the country was practically bankrupt in 1984 and forced the Lange government into a raft of changes which are still hurting us. Artificially maintaining a cross rate with the USD is a shitty idea. Can’t be sustained unless you want absolutely massive debt or can artificially control your cost (as in China).

          Anyone else aware of how much the Aussies lost trying to intervene in recent weeks and keep their dollar down? That was a success wasn’t it! Sure we’d all be over the moon if the NACT gifted currency traders a few billion dollars for no purpose.

          Only way to control the currency is to control the economy. Other thing to do is float Fonterra, stop bloody dairy futures traders using the NZD as a proxy for dairy commodity prices.

      • Bored 2.1.3

        The main reason why the NZD is appreciating against the US, Euro and GBP is because the outlook for our economy is so much better than theirs. So true. Ignoring the fatuity of the rest of your comments about Cunliffe you have a valid outlook. I see the larger picture as far more concerning. The US robber baron corporatism and financial larcenists have met their nemisis, a culture of several thousand years of shared understanding in such concepts as worth, value, price and cost. The Chinese are far too grounded in reality to allow some jumped up finance leader in Wall Street to make up rates and print valueless paper. They will respond in their own way, more in line with Sun Tsu than Smith.

        Unfortunately for ourselves we wont get much opportunity to take advantage of our comparitively (with the US) stronger economy. We may along with the rest of the world become collateral damage, at some stage soon we will have to choose which “empire” we will belong to. The world is not a happy place.

        • dave brown 2.1.3.1

          NZ capitalism has already chosen which side it is on with a free trade agreement with China. China is the rising imperialism. China props up the dairy industry. Haier has taken over F&P. China’s expansion acccounts for half of global growth.
          The US is hanging onto hegemony only by its military expenditure and feverish deployment. A token agreement for military cooperation with the declining US imperialism means nothing except NZers getting killed trying to defend the indefensible in the coming interimperialist wars. The FTA of the Pacific will collapse just as the FTA of the Americas died a few years ago because the US economy is technically bankrupt.
          The wild card in all this gloomy future is the Chinese working class that has the numbers and the tradition to challenge its own bosses as well as the US ruling class. US, Aust and NZ workers should form alliances with Chinese workers for the nationalisation of industry under workers control, so that the dynamic growth of China becomes the basis for global socialism and not a Third World War.
          NZ workers should be demanding land nationalisation, the nationalisation of the banks, and of all major corporates under workers control. Working farmers and iwi would not be expropriated as they would have rights protected to work land and benefit from the labour expended on it. What would go for good is the speculative rent that goes into the pockets of parasites who privately own a limited resource at the expense of the rest of us.
          The Labour Party is never going to stand up for a socialist Aotearoa, so it will need a new socialist party to lead this fight.

          • Colonial Viper 2.1.3.1.1

            Core banking functions should be treated as a utility needed by all to live – which it is – and taken out of private hands.

            The private sector can still do all the speculative financial stuff but the utility aspects of the financial system must be split away.

            • insider 2.1.3.1.1.1

              it’s not a core utility. Firstly you can always use cash for transactions and your mattress as a vault, secondly there are so many providers of financial services and so many ways to transact, there’s no need to mandate such a thing. Mandating would remove flexibility in how people choose to transact.

              • Draco T Bastard

                There’s only one way to transact today – electronically.

                • Nick C

                  Well of course you can use cash its just becoming less and less common. Thats because people are voting with their wallets and they generally trust banks to handle their money. Sometimes they make mistakes, but are overall a good thing for society. Its only crazies like you who would seriously consider hiding money under a matress if that were a viable way to conduct business and talk as if banks have some sort of sinister plot to control our economy.

      • Colonial Viper 2.1.4

        smh you just opened you rmouth and declared your ignorance. Cheers mate.

        The main reason why the NZD is appreciating against the US, Euro and GBP is because the outlook for our economy is so much better than theirs.

        To be clear, its because the NZD is highly speculated upon (it has nothing to do with the state of our real economy), and we are also one of the stable countries in the world where foreign money can still earn a lot more interest than in US treasuries (again, it has nothing to do with the state of our real economy).

      • Bunji 2.1.5

        Taking on the speculators is indeed a mug’s game, but there are other measures. For example, if we print money our currency will go down, like anyone else’s (as you essentially dilute wealth).

        But I’m sure your understanding of currencies and economics is far better than Cunliffe’s and his time as a management consultant, his Masters of Public Administration from Harvard and his post-graduate diploma in Economics mean nothing compared to your vast knowledge.

        The outlook for our economy isn’t exactly rosy, and it’s certainly not better than the Asian countries we’re appreciating against just as rapidly.

        Good post Marty.

        • Herodotus 2.1.5.1

          And Muldoon was on the Chair of the board of the IMF and World bank, and did he play on that with his omniscient view. So what the plebs at the mercy of some academic, and economics is no more than a specialist degree in history. They can tell you why something did happen but are crap weather forecasters !!!! Keep smiling and follow the clip
          http://www.youtube.com/watch?v=eZQyVUTcpM4

        • nzfp 2.1.5.2

          Hey Bunji:

          if we print money our currency will go down

          It is too simplistic to say that. I would ask you to prove this assertion – in doing so it will demonstrate that it is not a given.

          There are many factors which determine the health and stability of a nations economy.

          With regard to money alone, the factors include (but are not limited to) the following:

          1. The state of the government and consequently the law – without a stable government or enforceable laws, a FIAT (FIAT meaning, “by law”) money supply cannot be supported by the government – consequently it is likely to fail and loses its value on the world stage. This is regardless of the quantity of the money.

          2. The type of money – if the money is gold or silver or platinum or any other commodity or basket of commodities, it can manipulated. this has happened many many times and is research able. The commodity the money is based on can be manipulated in the market – consequently the “value” of the money can be lowered or raised. Irrespective of the quantity of the money. However an non convertible FIAT paper currency which will not be sold to speculators is much harder to manipulate – see this comment.

          3. The quantity of money – the amount of money (or credit) circulating in an economy will have a direct affect on the international and local value of the money. However more money does not instantly mean an increase in CPI (consumer price index) or price inflation. The American economies – such as Pennsylvania – who were experimenting with Government issued FIAT paper currencies found that an increase in money led to an industry boom which initially lowered prices before stability. However at a certain point – only found by trial and error – the price index rose as the economy reached a maximum capacity for industry, i.e. zero unemployment etc… At this point a continued increase in money supply led to price inflation and a lowering of the currency value. However, if the new money is spent on creating goods and services such as national infrastructure – while there is monetary inflation or an increase in money supply, there is not price inflation as the new money is soaked up by new products and services – until the economy reaches its industrial capacity.

          There is a great article on the related topics of fiscial and trade deficits by Chinese economist Henry C. K. Liu titled “The fighting twins”. Liu states:

          In monetary economics, the trade deficit and the fiscal deficit are referred to as the “Twin Deficits” as if they were genetically related twins merely because they both contribute to increases in the public debt. Yet these two deficits are genetically opposite and can act like fighting twins to neutralize each other in their adverse economic effects.

          A fiscal deficit is created by government spending in excess of revenue in the domestic economy. The external penalty of a persistent fiscal deficit is the devaluation of the exchange rate of the domestic currency in foreign trade.

          A trade deficit is created by excess imports over exports in foreign trade. One of the curative measures for a persistent trade deficit has been conventionally identified in trade economics as a devaluation of the domestic currency against those of its trading partners, or in multilateral trade, against a reserve currency. Currency devaluation is expected to make exports less costly and more competitive in price. It is also expected to make imports more costly in local currency terms.

          Therefore, there is logic in viewing a fiscal deficit as a solution to a trade deficit through its function in devaluing the domestic currency.

      • nzfp 2.1.6

        NZ is far too small to take on the US currency

        Malaysia did it and we could do exactly the same as Malaysia. American economist Professor Michael Hudson explains it best in a recent interview on Democracy Now: “New $600B Fed Stimulus Fuels Fears of US Currency War (November 05, 2010)” where he states:

        JUAN GONZALEZ: Well, in terms of how countries can respond, one of the things that obviously a lot of the Asian countries did during the financial crisis in late 1990s was currency controls—in essence, trying to prevent foreign capital from either leaving or entering the country. Is that something that you envision something this country is beginning to do?

        MICHAEL HUDSON: Yes, there is only one country that did that, and that was Malaysia under Prime Minister Tun Mohamad Mahathir. He would not sell the domestic currency to the foreign speculators, so George Soros and the others who sold the currency short, hoping that the central bank would use all of its money just to defend its currency and then be emptied out, they couldn’t cover their position, so they were squeezed.

  3. Pascal's bookie 3

    http://www.ritholtz.com/blog/2010/11/quantitative-mining-debasing-gold/

    Forget QE, the Gold Miners are doing QM Quantitative Mining. These irresponsible Miners are “printing gold” by scraping it out of the ground as fast as they can. They are debasing it as a store of value, and are no better than central bankers with their fiat currencies and printing presses.

    Silver, not Gold should be the reserve currency of the world!

    • Colonial Viper 3.1

      Its important that we never go back to a gold standard. The rarity of gold means that it can be even more easily manipulated by a few large holders of the metal and the money supply to society increased – or shrunk – rapidly and drastically at will.

      A silver standard is far better if we ever wanted to go back to a metals based currency.

      • joe90 3.1.1

        Or rare earth metals, a major component in the manufacture of clean energy products such as wind turbines and hybrid cars and key to the production of electronic equipment including iPods, flat-screen televisions and even some military equipment. And China controls 90 percent of rare earth metals production

    • nzfp 3.2

      Hey PB,

      Forget QE, the Gold Miners are doing QM Quantitative Mining. These irresponsible Miners are “printing gold” by scraping it out of the ground as fast as they can.

      This has happened. There have been periods of time when the quantity of gold has been increased so much so that it caused price instability. This happened in Europe during the Spanish destruction, rape and pillage of Central and South America.

      The end result was the export of vast quantity of Central and South American gold, harvested with indigenous slave labour, to Europe. The cost of the slave labour is never costed into the commodity price of gold – the price is artificial.

      The massive increase in “monetized” gold quantity drastically reduced the commodity price of gold and consequently the value of the monetized gold coins which in turn caused price inflation throughout Europe – it had the exact same affect as QE.

      It is not just the type of money – but the quantity of money and what that money is spent on that defines the economy.

      Gold is a commodity and like all commodities can and is manipulated by the giant banks – just as FIAT paper currencies are currently being manipulated.

      The gold standard of the US was manipulated in the 1800’s by the UK in an attempt to rape the American economy in the exact same way the FED is attempting to rape ours today. However the discovery of new gold fields in California and other places allowed the US to infuse new monetized gold into the economy to offset the amount of gold being drained by the UK – in effect, the new gold fields allowed for the QE of gold into the economy.

      However, had the US implemented a strict Greenback government issued FIAT paper currency and not made it convertible into gold, the private non government corporation, the Bank of England (BoE) would not have been able to manipulate the US economy and drain the US of its gold reserves.

      The history of money is clearly explained in the book “The Lost Science of Money” by american economist and head of the American Monetary Institue (AMI) “Stephen Zarlenga”.

      While highly critical of Austrian and English economists, Zarlenga is impressed with Austrian economist Murray Rothbard, and in particular his attack on Fractional Reserve Banking.

      • Colonial Viper 3.2.1

        It is not just the type of money – but the quantity of money and what that money is spent on that defines the economy.

        And the type of money is really irrelevant too. All you need is a currency which you can pay your taxes with, which people will accept as their salaries and which shops will take. The issuance and control of the quantity (‘supply’) of that in the economy is then crucial.

        The ancient Roman empire found that cheap minted copper coins could act as the commercial basis for an entire empire. A form of money created without an associated debt, owed to no one, and which efficiently allows the transactions of real economy commerce to occur.

  4. Herodotus 4

    \”New Zealand managed a fixed exchange rate for most of its history. Including its most successful years\”. BR there was the post war (ii and Korea) boom we also were bankrupt with Muldoon trying every form of intervention to readdress the issue he would/could not face. This resulted in the 84 Lab govt and Douglaus into their reforms that unfortunately were required (Many here may argure re Douglaus but many are too young or dont want to see what NZ was facing in the early 80\’s we were at a crossroad and Lab in 84 allowed us to continue on.
    Also by reducing consumption (Currently in place ) we then face higher unemployment. When the bubble bursts there are consequences, the bigger the bubble the bigger the mess, unless the govt manages this change opotentially reduce the adverse effects and pre-mpt favourable outcomes both earlier and to magnify them.
    Sorry MS we had currency intervention when Lab held the strings- nothing resulted except we then gave a platform for currency speculation to occur. If we enter the market at predetermined levels those speculators will carry off their winnings at the cost of Res Bank and NZ Ltd. D.C is still reacting no plan.
    Personnally we still have not addressed the property situation yet (By default it is still going its own way). Note: Yet we are 10k new houses short (This alone accounts for $500m in GST) + tax, employment PAYE etc.

  5. nzfp 5

    American economist Professor Michael Hudson during a recent interview on Democracy Now: “New $600B Fed Stimulus Fuels Fears of US Currency War (November 05, 2010)” describes the currency war with clarity. Hudson mentions Australia and from that we can infer the affect on New Zealand. Hudson states:

    MICHAEL HUDSON: Well, the object of warfare is to take over a country’s land, raw materials and assets, and grab them. And in the past, that used to be done militarily by invading them. But today you can do it financially simply by creating credit, which is what the Federal Reserve has done. It’s created $600 billion. It hasn’t gone into the economy. The head of the Fed is known as “Helicopter Ben” because he talks about dropping money into the economy. But if you see helicopters, they’re probably not your friends. Don’t go out and wait for them to drop the money, because the money is all going electronically into the banks. And the Fed has said, we want to give the banks so much money that they will lend it out so you can begin to bid up prices on real estate again and pull the banks out of the real estate negative equity that it’s in. So the purpose, according to the Fed, is to raise the price of real estate, to inflate asset prices. But that’s not happening. The actual banks have lent less today than they did in 2007. So the money is going abroad. And it’s going abroad not really to buy foreign companies so much, but to speculate in currency.

    Now, the Fed and the Congress, two weeks ago, said, “We want China to raise its currency by 20 percent.” This would create billions and billions of dollars of bonanza for Wall Street banks, and it would enable them to earn their way out of debt by essentially looting the China central bank, the Brazilian central bank, the Turkish central bank and the other central banks, because you can now borrow money in America at one percent. So you’d put down, let’s say, a billion dollars of your own—a million dollars of your own money, borrow $99 million of the bank’s money—that’s $100 million. You would buy Chinese currency, RMB, for $100 million. You then say, “Raise your currency by 20 percent,” which is what the Fed has asked them to do. That means that your million dollars now has turned into a $20 million gain, because $100 million is now worth $120 million. You’ve made a 200 percent profit. And for Wall Street, they deal in billions, not millions. And so, this would enable the banks to make up their money by buying out, essentially, foreign currency. They’re doing the same in Australia. It’s currency gamble.

    • Colonial Viper 5.1

      If we think a property/asset bubble is bad wait until the international value of our currencies pop. No economic activity – from your grocery shopping to buying a car – will be untouched.

      • nzfp 5.1.1

        At that point we will replace the bank credit with RBNZ dollars which cannot be sold abroad – rebuild our infrastructure, health, education, energy systems, telecommunications with our own QE from our own publicly owned central bank, spending our own interest free non-debt money, on our own people, citizens and nation!

        Captcha:stuff – stuff that English and Cunliffe and Key and Brash and Douglas and Richards et al know (it’s certain they know) – and yet for some “conspiratorial” reason they choose not to implement.

        • Colonial Viper 5.1.1.1

          Step by step I think does it…the private banks can choose to cripple our economy overnight if they feel under threat, simply by not renewing loans, not giving out new loans, and raising the interest charge on existing debt. Massive economic crisis ensues and the Government changes. Plutocracy in action.

          By the way, China has raised the equivalent of our core funding ratio up to 18% to control the massive liquidity in their economy.

          That is unprecedented.

          • Draco T Bastard 5.1.1.1.1

            the private banks can choose to cripple our economy overnight if they feel under threat,…

            At which point the government winds them up and appropriates all their assets with no compensation.

            simply by not renewing loans, not giving out new loans,

            Which the government then maintains with interest free money.

            At which point the people will have the power rather than the banks and democracy ensues.

  6. nzfp 6

    Hey Marty,
    Bernard Hickey is really ticking all the right boxes – finally an economist with a voice expressing common sense on economic matters in the corporate – widely read *sigh* – media.

    Go Bernard!

    • insider 6.1

      He’s not an economist he’s a journalist. I like him and his willingness to put himself out there, but IMO he seems to have got increasingly reactionary, saying he doesn’t like how things are panning out in various areas and demanding something be done.

      Remember in his theoretically core journalistic expertise area of housing he has been calling the market wrong for a while. So why think he has great insights to offer on macroeconomics and international currency issues?

      • nzfp 6.1.1

        So why think he has great insights to offer on macroeconomics and international currency issues?

        Maybe – and I’m speculating here – he’s changed his sources. His article reads like he’s been reading/listening/watching – Nobel laureate American economist Joseph Stiglitz, as well as American economist Professor Michael Hudson or Dean Baker or Steve Keen or many other economists who haven’t subscribed to neo-liberalism.

        Maybe just maybe…

        • insider 6.1.1.1

          There’s no doubt he’s had a seachange in his view. But changing your sources doesn’t make you more credible or authoritative. It just means you are quoting someone different.

      • Draco T Bastard 6.1.2

        Getting things wrong may have caused him to actually learn something.

        • insider 6.1.2.1

          I don;t read his blog too closely but not sure he has recanted from the view and come out with a reason as to why the market is different from his prediction. I think he still thinks ‘the housing crash is coming’ and history will prove him right

          • Draco T Bastard 6.1.2.1.1

            If we go into a double dip recession, which I believe is still possible, then he could end up being right in the medium term but I’m just saying that getting it wrong in the short term could have caused him to question and then research the underlying assumptions. He certainly has changed his tune about the “free-market”.

  7. M 7

    Marty, seriously impressed with this – Hickey is looking fresher these days as though a weight has been lifted off his shoulders.

    Joe90, cool YT can’t wait to forward it.

    • Colonial Viper 7.1

      Yeah Hickey has channeled the fear that his kids are going to grow up and simply leave as economic migrants to foreign lands into a motivation to do something about NZ so that they will not need to.

      • Jim Nald 7.1.1

        The choice seems to be getting clearer for us and our future generations as Jonkey & Double Dipton clutch on to the miracles of the free market:

        Be a tenant (or renter) in your own country, or take off and live overseas.

  8. Nick C 8

    So the Chinese want to discount their currency, making it cheaper for us to buy goods from them. It builds their industries, and gives them jobs; but those things are only a means to an end, the end being higher standards of living. Because they are producing more goods for us at a cheaper price, its us who gets the living standards benefits not them.

    Why should we object to them giving us foriegn aid? We’ve given them quite a bit.

    • Colonial Viper 8.1

      Because they are producing more goods for us at a cheaper price, its us who gets the living standards benefits not them.

      People can only buy cheap goods if they still have jobs. And if all that is left in our economy is are low numbers of cheap low paid jobs, cheap goods aren’t going to help our standard of living that much, are they?

      Why should we object to them giving us foriegn aid? We’ve given them quite a bit.

      Does being bent over a barrel = being given aid? Some might think so.

      Basically if we are willing to see more unemployed in our neighbourhoods, more industries closing down or shipped overseas, the lack of good jobs onshore telling young NZers they should go to Oz ASAP then we should definitely continue down this track of continuing to have access to cheap shite in our stores even as the economic foundations of our society deteriorates.

      In other words we are choosing to destroy our own economy and job market in order for those who still have money to have cheap overseas holidays and cheap TVs.

      PS what foreign aid have we ever given to China???

      • Nick C 8.1.1

        “Does being bent over a barrel = being given aid?”

        Does being sold cheap goods = being bent over a barrel?

        “People can only buy cheap goods if they still have jobs.”

        This bizzare situation where we all lose our jobs to the chinese is impossible. What do you think the chinese want in return for selling us all these cheap goods? Green pieces of paper with the number ’20’ and pictures of the Queen on them? No, what they want is what those pieces of paper can buy. So the chinese sell us goods, get paid in $NZ, and then use those $NZ in NZ (they are pretty useless elsewhere in the world) to buy things like Dairy products, tourism, movie tickets for the movies we produce, thus creating jobs.

        The only difference that their artificially low dollar makes is that we now have to produce relativly fewer movies/dairy products for every import we get from them. So we do less work for the same amount of goods.

    • nzfp 8.2

      Hey Nick C,

      … they are producing more goods for us at a cheaper price, its us who gets the living standards benefits not them …

      Hey, you’ve just described the USA. Except the USA has a world reserve currency and we don’t – look how great this Alan Greenspan economic model is doing.

      Oh check out what Alan Greenspan thinks of his economic model with this wee gem smuggled out of the Jekyll Island Federal reserve 100 year anniversary convention.

      Captcha:inadequate – Alan Greenspan was an inadequate economist.

  9. alloverrover 9

    “In the age of peak oil, having our own manufacturing base is going to be all the more important.”

    You are on to it Marty. Jeff Rubin former chief economist CIBC Global Markets and one of the few economists who “gets” peak oil summaries it thus..

    “In tomorrow’s economy, distance will cost money. Globalization was the product of cheap energy. De-globalization is the economic face of triple-digit oil prices.”

    ” The whole notion of sourcing supply from halfway around the world to save on labor costs will no longer make any commercial sense. From making our own steel to building our own furniture to growing our own food, the soaring cost of oil-fired transport will bring production back home to the local markets it once served.”
    http://www.jeffrubinssmallerworld.com/2009/10/30/deglobalization/

    Problem … while this may be true for USA and Canada who have massive large internal markets, NZ on the other hand is a tiny market and is as far as you can get from our trading partners (other than Aussie). When the oil crunch comes as soon as 2012, prices spike and we face a series of oil-restrained recessions can NZ’s tourism and trading economy keep afloat ? Seems to me we will have no alternative but to do more of everything locally – including manufacturing

    more on this theme at http://oilshockhorrorprobe.blogspot.com/

Links to post

Important links

Recent Comments

Recent Posts

  • Labour leadership contest comments
    I personally would love to see a strong left guy in Labour showing everybody who's boss. However Andrew is going too far in saying that he will overturn democratic elected policy, who is advising this guy? You don't enter a...
    Topical | 01-11
  • October ’14 – NZ blogs sitemeter ranking
    Image Credit: A Pretty Healthy Life PLEASE NOTE: Sitemeter is still playing up but far fewer blogs are effected. I have done a manual work around but it was still impossible to get the stats for a the blogs that I list below....
    Open Parachute | 01-11
  • Repost: Life isn’t fair. But it should be.
    (Originally posted at On The Left.) I was not an angelic child. My mother has retconned her memory of my early years since I became an adult, and my grandmother delicately phrases it as “you were a little troubled”. The...
    Boots Theory | 01-11
  • Hard workers have nothing to fear from Ebola
    A guest post from TV and radio current affairs host Mike Hosking...
    Imperator Fish | 31-10
  • The problem with our economy is too many tea breaks?
    ...
    Pundit | 31-10
  • The Final Fifth: The Last Great Task For Progressive New Zealand.
    "For mercy has a human heart, pity a human face" - William Blake MOST OF NEW ZEALAND’S social problems are concentrated among those living at the margins of what is otherwise a relatively wealthy society. Recently released international data on child poverty...
    Bowalley Road | 31-10
  • Campbell Live on Trains and Motorway tolls
    Campbell Live have been doing some great stories on transport and urban issues in the last few years and have easily been one of the best media organisations on the subjects. This week contained quite a few transport segments including...
    Transport Blog | 31-10
  • Thieving Bastards Steal Big Red Umbrella! Read All About It!
    View from the bach at Leigh Our house in Herne Bay was burgled some years ago. We were woken in the middle of the night by crashing sounds from downstairs.  It requires a really brave person to investigate strange noises...
    Brian Edwards | 31-10
  • Saturday playlist: songs about work
    Every Saturday we’re going to post a couple of music videos, probably on a particular theme, unless we run out of ideas and it just turns into Stephanie spamming us with professional wrestling soundtracks and Nicki Minaj. So, in that...
    On the Left | 31-10
  • Housing; broken promises, families in cars, and ideological idiocy (Part To...
    . . Continued from: Housing; broken promises, families in cars, and ideological idiocy (Part Rua) . Bill English comes clean on National’s intentions for HNZ privatisation . On 14 October, in a report on The Daily Blog, I wrote, In...
    Frankly Speaking | 31-10
  • The Greens are wacky?
    It is a bit like a game of pin the tail on the donkey, the National Government and their supporters are desperately attempting to stick the wacky label on the Greens again, but it is becoming harder to make it...
    Local Bodies | 31-10
  • Novopay Exemplifies National’s Governance
    This National led Government is strong on ideology, weak on process and reluctant to accept responsibility. The Novapay debacle exemplifies all of these well.When questioned about Novopay, National Ministers will never accept full responsibility. Initially the Government blamed Labour because they...
    Local Bodies | 31-10
  • 2014 SkS Weekly News Roundup #44B
    5 ideas for protecting New York from the next Sandy Climate scientists aren’t too alarmist. They’re too conservative Direct Action is like a dodgy laundry powder that never gets the climate clean Emissions trading will be back in the game...
    Skeptical Science | 31-10
  • Stuart’s 100 #47: The Forgotten Triangle
    48: The Forgotten Triangle What if the forgotten triangle behind Shortland Street was more than a parking lot? Continuing the series on forgotten or underutilised spaces within the city, the steeply rising wedge of land between Shortland Street, Albert Park...
    Transport Blog | 31-10
  • World News Brief, Friday October 31
    Top of the AgendaTensions Flare in Jerusalem...
    Pundit | 31-10
  • Guest post: Plain English is radical
    @aaronincognito is an anonymous soulless bureaucrat who blogs at fundamentallyuseless.wordpress.com. Despite all the ups and downs of the past few months, there has been one constant in left wing politics: jargon. Regardless of whether Nicky Hager, Judith Collins, or Eminem...
    On the Left | 31-10
  • Long past time
    The Dominion-Post reports that the government is considering wiping past convictions for homosexuality. Good. As a guest-poster to On The Left has recently explained, living with a criminal conviction isn't easy; employers and agencies will simply dump applications from people...
    No Right Turn | 31-10
  • Define Instruments Expands into South Africa
    It’s always great to see companies grow – and Define Instruments recently took their first big leap. The team has followed existing international sales by setting up a South African office. It’s the first of many new overseas offices we hope to...
    Lance Wiggs | 31-10
  • MacLennan on fixing the OIA
    Journalist and lawyer Catriona MacLennan has some suggestions on Fixing Official Information Act Abuses . She identifies three problems with the law: lack of resources to enforce the law; deliberate flouting of the act; and inadequate understanding of the legislation...
    No Right Turn | 31-10
  • All work and no play makes Jack a dull boy
    It's Halloween! Time for a jolly pumpkin to remind everyone that there is chocolate nearby The weather is terrible, and while it can't rain all the time, I suspect there may be an absence of ghosts and ghouls. Whatever shall...
    No Right Turn | 31-10
  • Indistinguishable from totalitarianism
    SF author Charles Stross has a lovely alternate-history thought experiment which demonstrates quite neatly how British surveillance is indistinguishable in practice from totalitarianism. And if you're in any doubt, you've only got to read today's news:The Government is facing calls...
    No Right Turn | 31-10
  • Rate my minister
    Tertiary education minister Steven Joyce wants to introduce a new ranking system, Rate My Qualification, where employers rate tertiary education courses and then students can look up the results. Well perhaps employers should be able rate other things too, such as their ministers....
    Tertiary Education Union | 31-10
  • To the field experiments!
    In the wake of the Stanford / Dartmouth schnozzle this week, this political science article caught my eye: The way your brain reacts to a single disgusting image can be used to predict whether you lean to the left or...
    Polity | 30-10
  • NZ cranks finally publish an NZ temperature series – but their paper’s ...
    You can’t teach old dogs new tricks, it seems — certainly not if they’re gnawing a much loved old bone at the time. The lads from the NZ Climate Science Coalition — yes, the same boys who tried to sue...
    Hot Topic | 30-10
  • West Auckland Network with new interchanges
    Last week Auckland Transport began consultation on the new network for West Auckland. I and many readers were highly critical of it as it seemed to ignore much of the network design philosophy and elements AT are implementing elsewhere and...
    Transport Blog | 30-10
  • This ‘boom’ might save the world – 10 quick facts about r...
    As the world's leading climate scientists finalise the latest and most comprehensive report on climate change and ways to tackle it, a key question is: What is new? What has changed since the release of the UN climate panel's last Assessment Report (AR4) in...
    Greenpeace NZ blog | 30-10
  • A lack of commitment
    New Zealand has finally joined the Open Government Partnership. A requirement of membership is to submit an action plan about how you will improve open government over the next two years. So what's in ours? Sweet fuck-all:Our Action Plan will...
    No Right Turn | 30-10
  • Smartphones are meant to bend
    You’ve no doubt heard of the issues surrounding the newly released iPhone 6, but do […] The post Smartphones are meant to bend appeared first on Connected....
    Potentia | 30-10
  • Tea Party takes on “President Obola”
    OK, so this happened: Theatricality is one of the best ways to shake the sleepwalking public awake. One brave liberty advocate made a bold statement when he donned a Hazmat suit and an Obama mask, and took to the president’s...
    Polity | 30-10
  • CTU welcomes forestry review recommendations
    The CTU is welcoming the today's release of the independent forestry safety review panel findings. "These recommendations must be implemented to ensure that everything possible is done to make forestry safer." CTU President, Helen Kelly said.  Photo:  ...
    CTU | 30-10
  • Herald vs Hosking-in-Herald on teabreaks
    The New Zealand Herald editorial today is distinctly unimpressed with the government’s decision to remove mandated tea breaks for workers: It is a pity that almost the first legislative act of the Government's new term is an act abolishing mandatory...
    Polity | 30-10
  • Forest Safety report first step in making our forests safe to work in
    Our forests are a very dangerous place to work. Between 2008 and 2013 there have been 32 fatalities and more than a thousand serious harm incidents in this industry. The Council of Trade Unions and First union have been doing...
    frogblog | 30-10
  • Ghost Dancing?
    Ghost Dancing circa 1890: With the buffalo effectively exterminated, the material basis for the Native American cultures of the Great Plains was destroyed. The Ghost Dance, it was believed, would reconstitute the basis for an independent indigenous existence. Has the...
    Bowalley Road | 30-10
  • I have seen one future, and it is bleak
    . . Way back in March, 2012,  I wrote this story regarding a march to support striking workers at Ports of Auckland. It appears there was some prescience about some of my observations at the time… . | | 18...
    Frankly Speaking | 30-10
  • WINZ: Bureaucratic Befuddlement and Confustication
    Yeah, I know. Confusticate isn’t a word, unless you’re quoting Urban Dictionary. Definition: This word is the coalescing of the English words “confuse” and “complicate”. It refers to anything of, or relating to the process of being both confused and...
    On the Left | 30-10
  • The idiot
    Here’s why this Steffan Browning/Ebola/Homeopathy thing is a really big deal for the Green Party. (a) Historically they’ve been stereotyped by their opponents as a bunch of nutters (b) The main focus of the party for the past five years –...
    DimPost | 30-10
  • The idiot
    Here’s why this Steffan Browning/Ebola/Homeopathy thing is a really big deal for the Green Party. (a) Historically they’ve been stereotyped by their opponents as a bunch of nutters (b) The main focus of the party for the past five years –...
    DimPost | 30-10
  • Climate change and New Zealand cities
    Environmentalists sometimes have an uneasy relationship with cities. Because they concentrate a lot of people and economic activity in relatively small places, they also concentrate a lot of negative environmental effects. All that concrete, all that energy being consumed, the...
    Transport Blog | 30-10
  • Got a mystery? Just ask John!
    Tuesday, November 24, 2009John Key has learned the identity of the entertainer guilty of an indecency charge through the grapevine of people circumventing the suppression order....
    Pundit | 30-10
  • Shameful attack on all workers
    The Government has passed the Employment Relations Amendment Act slashing the rights of all Kiwi workers. “These changes are shameful. New Zealand now has some of the worst employment protections in the OECD....
    CTU | 30-10
  • Blocked
    It is safe to say before the election last month I was fairly prolific in the blogosphere as we headed to an election. Was it because there was a glimmer of hope for we on this side of the coin?...
    My Thinks | 30-10
  • Blend with the Bruntletts Group Ride
    While Vancourerites Chris and Melissa Bruntlett are here for their Auckland Conversation talk, Generation Zero, Frocks on Bikes and TransportBlog have organised a slow, family friendly ride around the city centre. The map is below. The ride is designed to be self-directed so...
    Transport Blog | 30-10
  • New research quantifies what’s causing sea level to rise
    There have been a number of studies that have come out recently on ocean warming and sea-level rise. Collectively, they are helping scientists coalesce around an emerging understanding of climate change and its impact on the Earth. Most recently, a...
    Skeptical Science | 30-10
  • Rawshark – Is she Maori or Pakeha?
    Cameron Slater blamed someone for being behind the hacking of his emails and passing them on to Nicky Hager. And then he named someone he thought was Rawshark. John Key says someone told him who Rawshark is but he ain’t telling. @B3nRaching3r is...
    Te Putatara | 30-10
  • Employment law: it’s toasted
    In an early episode of Mad Men, when the company’s going for the Lucky Strike account, sleazebag antihero Don Draper asks the client exactly how cigarettes are made. They talk through the process, mentioning the tobacco is toasted – and...
    On the Left | 30-10
  • Owners of the wind
    Thirty-odd years ago in the Kingdom of Denmark lived some brave people who disliked nuclear power and loved renewable energy. Determined to keep their country clean and safe, they began building their own wind turbines. Today, thanks to these passionate...
    Greenpeace NZ blog | 30-10
  • Te Wakaputanga – What we did not learn at school
    This week saw the 179th anniversary of the signing of Te Wakaputanga, the Declaration of Independence of the United Tribes of Niu Tireni. Most of us did not learn about this fundamentally critical document at school, we barely learned about...
    frogblog | 30-10
  • NZ goes backwards on gender equality
    It is no coincidence that in the same week New Zealand is singled out for going backwards on child poverty under National,  we’ve also dropped in global rankings for gender equality. In one year New Zealand has dropped from 7th...
    frogblog | 30-10
  • TPPA Bulletin #58
    NATIONAL DAY OF ACTION 8 NOVEMBER 2014 Auckland, Hamilton, Raglan, Tauranga, Rotorua, Gisborne, New Plymouth, Napier, Palmerston North, Levin,Wellington, Nelson, Christchurch, Timaru, Dunedin,Invercargill. REGIONAL UPDATES Auckland (1:00 pm at Aotea Square): speakers include Robyn Malcolm (Actors Equity), Bunny McDiarmid (Greenpeace), Dayle Takitimu...
    NZ – Not for sale | 30-10
  • Seabed mining: drums in the deep
    Out on the Chatham Rise, the ridge jutting into the waters off Christchurch and extending out beyond the Chathams, Chatham Rock Phosphate has a mining permit and is now seeking EPA approval for its project to mine phosphate for fertiliser,...
    Pundit | 30-10
  • Contact’s big solar buy-back drop bad news for Kiwis with solar
    The Green Party are calling for a law change to establish an independent umpire to set fair and reasonable buy-back rates after Contact Energy announced, from today, new small scale solar and wind generators will receive 50 percent less for...
    Greens | 01-11
  • John Key’s asset sales outed by his own Minister
    National needs to come clean about the motivations behind selling state houses after Paula Bennett's asset sale admission, said the Green Party today.On Saturday, Paula Bennett, the Minister for Social Housing admitted, in a televised interview, that the sale of...
    Greens | 01-11
  • James Shaw speaks on the four Bills formerly known as the Accounting Infras...
    The assurance industry is a critical component of our economic framework. The idea that there is a trusted independent watchdog of the public interest underpins investor confidence and ensures financial probity on behalf of our country's leading institutions. New Zealand...
    Greens | 31-10
  • ANZ needs to look after its workers after another super profit
    The ANZ bank needs to acknowledge the super profits it makes are coming at the expense of its workers, the Green Party said today.Australia and New Zealand Banking Group Limited (ANZ) 2014 full year results show a lift in performance...
    Greens | 31-10
  • James Shaw’s maiden speech
    Tena Koe, Mr Speaker. I would like to take this opportunity to speak a little of the past, the present and the future. The privilege to serve in this Parliament was given to me by all those who gave their...
    Greens | 31-10
  • Feed the kids members bill
    Education is the best route out of poverty. But hungry kids can't learn and are left trapped in the poverty cycle. Let's break that cycle lunchbox by lunchbox. We can feed the country's hungry kids, if we work together.I have...
    Greens | 31-10
  • Feed the kids members bill
    Education is the best route out of poverty. But hungry kids can't learn and are left trapped in the poverty cycle. Let's break that cycle lunchbox by lunchbox. We can feed the country's hungry kids, if we work together.I have...
    Greens | 31-10
  • National’s “Auckland housing boom” a fizzer
    Falling Auckland consent numbers show the Government’s housing policy is going backwards contrary to wild claims by Building and Housing Minister Nick Smith that we are on the cusp of a massive construction boom, says Labour’s Housing spokesperson Phil Twyford. ...
    Labour | 31-10
  • Job losses major blow to Bay community
    Job losses at Wattie’s Hastings plant will hit families and the community hard, Hawke’s Bay-based Labour MP Stuart Nash and MP for Ikaroa-Rawhiti Meka Whaitiri say. “I know a number of the Wattie’s staff and these job losses will be...
    Labour | 31-10
  • Local job losses major blow to Bay community
    Job losses at Wattie’s Hastings plant will hit families and the community hard, Hawke’s Bay-based Labour MP Stuart Nash and MP for Ikaroa-Rawhiti Meka Whaitiri say. “I know a number of the Wattie’s staff and these job losses will be...
    Labour | 31-10
  • Zero tolerance for forestry accidents a must
    The Government must adopt a zero tolerance approach to workplace accidents in the forestry sector to stop people being killed, Labour’s Forestry spokesperson Chris Hipkins says. “It is time for the Government and the forestry sector to put an end...
    Labour | 30-10
  • Return to less holidays on the cards?
    John Key needs to lay his cards on the table regarding the Government’s intentions around holiday pay and annual leave entitlements, Labour’s Acting Deputy Leader Annette King says. “A day after National pushed through laws that take away the legal...
    Labour | 30-10
  • Forest Safety report first step in making our forests safe to work in
    Our forests are a very dangerous place to work. Between 2008 and 2013 there have been 32 fatalities and more than a thousand serious harm incidents in this industry. The Council of Trade Unions and First union have been doing...
    Greens | 30-10
  • Catherine Delahunty Speaks on the Employment Relations Amendment Bill
    Kia ora, Mr Assistant Speaker. He mihi nui ki te Whare Paremata. Welcome to the glorious 19th century, dressed up in the not-so-new flexibility-speak. At the final moment of this bill, let us drop the charade. The Government has a...
    Greens | 30-10
  • Ruataniwha Feds refuse to present a balanced view
    A bid to sell the Ruataniwha water project to Hawkes Bay farmers has turned in to an incredibly one sided affair, says Labours spokesperson on Water Meka Whaitiri.  “It’s being promoted as ‘Ruataniwha it’s now or never’ and it promises...
    Labour | 30-10
  • Worker’s rights dealt severe blow with Bill’s passing
    The passing of the Employment Relations Amendment Bill is another blow to workers' rights in New Zealand, the Green Party said today.This afternoon, National's Employment Relations Amendment Bill passed with the support of Act and United Future."This bill will force...
    Greens | 30-10
  • Barriers to reporting sex crimes must go
    Both the Government and police need to take action to ensure that, in future, sexual abuse victims know they will be taken seriously, Labour’s Associate Police spokesperson Kelvin Davis says. “The young women involved in the Roast Busters case, and...
    Labour | 30-10
  • Te Wakaputanga – What we did not learn at school
    This week saw the 179th anniversary of the signing of Te Wakaputanga, the Declaration of Independence of the United Tribes of Niu Tireni. Most of us did not learn about this fundamentally critical document at school, we barely learned about...
    Greens | 30-10
  • NZ goes backwards on gender equality
    It is no coincidence that in the same week New Zealand is singled out for going backwards on child poverty under National,  we’ve also dropped in global rankings for gender equality. In one year New Zealand has dropped from 7th...
    Greens | 30-10
  • Kevin Hague questions the Minister of Health on management of Katherine Ric...
    Is he satisfied that all conflicts of interest that arose by the head of Food and Grocery Council Katherine Rich being a member of the Health Promotion Agency were managed in accordance with the provisions of the Crown Entities Act...
    Greens | 30-10
  • Bennett parks numbers on social housing
    Social Housing Minister Paula Bennett admitted today that well over 1000 families have been subsidised through the accommodation supplement to stay in the Ranui campground, somewhere she has previously described as not the right place for children to be growing...
    Labour | 30-10
  • 50,000 sign petition against anti-worker law
    More than 50,000 Kiwis have signed Labour’s petition against the Government’s scrapping of tea break entitlements, Labour’s Acting Deputy Leader Annette King says. “That’s the equivalent of five people signing our petition every minute for a week. It shows the...
    Labour | 30-10
  • Address in Reply Debate – Dr Kennedy Graham on UN Security Council- 2...
    In the Speech from the Throne last week the Prime Minister identified the usual domestic goals for his Government. I counted 17. They are not my subject today. I wish instead to focus on matters beyond our shores. In the...
    Greens | 30-10
  • Climate change harming ocean health
    New Zealand is responsible for one of the largest areas of sea in the world – an area 14 times the size of our land area. The National Government is promising new marine protected areas legislation with a discussion document...
    Greens | 30-10
  • Key misled public over Jason Ede
    Information contained in a new chapter of the book Key: Portrait of a Prime Minister, that Jason Ede stopped working for the National Party on the night the book Dirty Politics was released, shows Mr Key and senior ministers hid...
    Greens | 29-10
  • Greenpeace report highlights better path for NZ agriculture
    A Greenpeace International report highlights a better way forward for New Zealand agriculture than the GE and chemical mutation technologies supported by Federated Farmers, and the National Government through its research funding packages, the Green Party said today. "This report...
    Greens | 29-10
  • BNZ post record profits while leaving savers vulnerable
    A small part of the $850 million record profit posted by the Bank of New Zealand (BNZ) today needs to be set aside to protect savers' deposits in the future, said Green Party Co-leader Dr Russel Norman today.Dr Norman was...
    Greens | 29-10
  • RBNZ U-turn shows monetary settings were wrong
    The Reserve Bank's U-turn on interest rates today shows monetary policy settings were wrong and New Zealanders have suffered unnecessarily through the loss of jobs and having to pay higher interest rates, the Green Party said today.Reserve Bank Governor Graeme...
    Greens | 29-10
  • Ports must take responsibility for shameful death toll
    Port companies must step up and take responsibility for a shameful toll of seven deaths and 133 serious accidents in the past three years, Labour MP Iain Lees-Galloway says. The frightening figures – released by the Rail, Maritime and Transport...
    Labour | 29-10
  • Please help me get my Feed the Kids Bill to Select Committee
    Last week I took over the Feed the Kids Bill that Hone Harawira had introduced to Parliament. If passed, my Bill will provide government-funded breakfast and lunch in all decile 1 and 2 schools. Hungry kids can’t learn and are...
    Greens | 29-10
  • TVNZ Outsourcing Pasifika and Maori Programmes
    I’ve always been a big fan of our state broadcaster and I’ve particularly liked their range of current events programmes. But after Friday’s announcement that TVNZ will be sacking up to 40 staff by contracting out the Pacific and Maori...
    Greens | 29-10
  • Labour urges iwi leaders to meet with National
    Labour’s Māori Caucus has called on iwi leaders and national Māori organisations to seek urgent meetings with the National Government to directly express their concerns about employment law changes which will harm Māori workers. In an open letter sent today...
    Labour | 29-10
  • ACC’s reputation needs fix, not glitz
    Restoring public trust and confidence in ACC will take a lot more than a new communications strategy or social media blitz, says Labour’s ACC spokesperson Iain Lees-Galloway. “Under National, ACC has come to be perceived as insensitive, difficult to deal...
    Labour | 29-10
  • Lessons to be learned from police investigation
    The outcome of the so-called Roast Busters case should not put victims off reporting sexual crimes, Labour’s Acting Deputy Leader Annette King says. “This case has been mishandled from the start. Within days of police initially saying no charges had...
    Labour | 29-10
  • Anti-worker legislation is anti-Pacifica
    The Minister for Pacific Peoples, Peseta Sam Lotu-Iiga, will go down in history as being part of a Government that harmed his own people through anti-worker legislation, says Labour’s Pacific Island Affairs spokesperson Su’a William Sio.  “Pacific people are among...
    Labour | 29-10
  • Five-year tax holiday for overseas tax dodgers
    National has just gifted a five-year tax holiday for foreign companies dodging their tax payments, says Revenue spokesperson David Clark. “Todd McClay has pretended he is doing something about overseas companies dodging their tax duties by joining an international initiative...
    Labour | 29-10
  • Traffic Jam Tax must be given the red light
    Auckland Council’s proposed Traffic Jam Tax could cost some households thousands of dollars a year just to use roads they had already paid for with their taxes and must be rejected, says Labour’s transport and Auckland Issues spokesperson Phil Twyford....
    Labour | 29-10
  • National has chance to show leadership on limos
    The National Party has the opportunity to show leadership by transitioning our vehicle fleet towards renewable electricity when a new contract to supply Government limousines for VIPs goes to tender next month, the Green Party said today. "This is a...
    Greens | 29-10
  • The Māori Party can’t have it both ways over labour laws
    The Māori Party has to fess up over its voting record on the Employment Relations Amendment Bill, says Labour’s Māori Caucus.  “It’s simply not good enough to oppose the bill at the same time  as they helped speed up its progress through...
    Labour | 29-10
  • Equal pay and the aged care sector
    Today the High Court upheld the historic ruling by the Employment Court that our Equal Pay Act could be used to consider work of equal value cases; the government has been telling the UN and ILO that it could for...
    Greens | 29-10
  • Court case perfect opportunity for Government to improve gender pay gap
    If the Government wants to halt New Zealand’s slump in international rankings on the gender pay gap it should act on the court finding that women deserve equal wages, Labour’s Women’s Affairs spokesperson Sue Moroney says. “The World Economic Forum’s...
    Labour | 28-10
  • All Auckland transport options should be considered
    All options for meeting Auckland's transport needs should be considered, including reprioritising the transport budget away from wasteful spending on motorways, the Green Party said today.Auckland mayor Len Brown is today releasing a transport report by the Independent Advisory Board,...
    Greens | 28-10
  • Another report highlights Govt failure on child poverty
    An international report measuring the impact of the Global Financial Crisis (GFC) on child poverty rates, showing children in New Zealand have done worse than children in other countries, is further proof the Government needs to urgently take additional steps...
    Greens | 28-10
  • Address and Reply Debate Part 55: Inequality and Disability
    I rise on behalf of the Green Party to talk about inequality and disability.The recent census showed that nearly one in four New Zealanders lives with a disability—up from one in five in the previous census. These figures include some...
    Greens | 28-10
  • Address and Reply Debate Part 55: Inequality and Disability
    I rise on behalf of the Green Party to talk about inequality and disability.The recent census showed that nearly one in four New Zealanders lives with a disability—up from one in five in the previous census. These figures include some...
    Greens | 28-10
  • Child poverty: No more wake-up calls
    A new report which shows the National Government has made no inroads whatsoever into child poverty should do more than just set alarm bells ringing, Labour’s Acting Deputy Leader Annette King says. “UNICEF’s  latest Innocenti Report Card highlights the fact...
    Labour | 28-10
  • Eugenie Sage speaks in the 2014 Address in Reply Debate
    I congratulate you, Assistant Speaker Mallard, as Assistant Speaker and look forward to your knowledge, your fairness, and your light touch in being a referee of proceedings in this House. I congratulate also the other Assistant Speaker, Lindsay Tisch; the...
    Greens | 28-10
  • James Shaw’s Maiden Speech
    Tena Koe, Mr Speaker. I would like to take this opportunity to speak a little of the past, the present and the future. The privilege to serve in this Parliament was given to me by all those who gave their...
    Greens | 28-10
  • Govt airs real views on public broadcasting
    An admission by the Government that it is happy to experiment with Pacific and Maori audiences shows just how weak its vision for public broadcasting in New Zealand is, Labour’s Broadcasting spokesperson Kris Faafoi says. “National today admitted it doesn’t...
    Labour | 28-10
  • Does Judith Collins have a get out of jail card?
    Former justice minister Judith Collins appears to have been gifted a get out of jail free card based on the Prime Minister’s answers in Parliament today, Labour’s Acting Deputy Leader Annette King says. “Judith Collins claimed in an Official Information...
    Labour | 28-10
  • The Final Fifth: The Last Great Task for Progressive New Zealand.
    MOST OF NEW ZEALAND’S social problems are concentrated among those living at the margins of what is otherwise a relatively wealthy society. Recently released international data on child poverty has exposed an acutely stressed social strata encompassing roughly 20 percent...
    The Daily Blog | 31-10
  • Myth Busting Rape Boasters
    In just one week a case that galvanised a nation into discussing rape culture is now being reframed as mischievous teen hi-jinx. One year ago the Roast Busters case came to the attention of the media and the public. This...
    The Daily Blog | 31-10
  • Workers rights weakened by new laws – fightback needed
    The government’s changes to the employment laws are designed to weaken workers bargaining power – at both the individual and collective level.   30-day rule The old law required an employer with a collective agreement in place to employ new...
    The Daily Blog | 31-10
  • GUEST BLOG: Simon Buckingham – Where are Labour Candidates on disability?
    For the few people who know me (hello Mum), I am proudly New Zealand’s first Autistic Spectrum Lawyer, as well as being the very bottom Candidate on the Labour Party List. (64 out of 64). Being honoured like this is...
    The Daily Blog | 31-10
  • GUEST BLOG: Blockade the Budget
    The ‘Independent’ Police Conduct Authority’s report into the policing of student protests in 2012 is a whitewash The report released by the Independent Police Conduct Authority into the policing of student protests in 2012 is a whitewash riddled with inaccuracies....
    The Daily Blog | 30-10
  • When National claim new anti worker laws provide ‘flexibility’ they mea...
    And so it comes to pass. The first law National ram through as part of their victory march are new anti worker laws they pretend will generate ‘flexibility’. The new law denigrate the unions ability to protect workers and provide...
    The Daily Blog | 30-10
  • City Transport: A Taxing Matter
    This week the prospect of paying tolls on Auckland motorways became a hot topic. (See Mathew Dearnaley:Motorway tolling could hit some hard, NZ Herald, 30 Oct 2014.) As we might expect, the kneejerk response has been quite negative. But, as with...
    The Daily Blog | 30-10
  • Open Letter to Amy Adams: Please Reopen The Review Into Sexual Violence Cou...
    Ms Amy Adams, Justice and Courts Minister, Right now in this country it seems that although rape is illegal, it is not being prevented by the agents who uphold the law. It almost feels like rape is only illegal on paper,...
    The Daily Blog | 30-10
  • MEDIA WATCH: Does ‘No-Surprises’ Also Apply To TVNZ News?
    When you stand back and look at NZ media outlets, most of them have at least one or two people who attempt to hold the government to account: John Campbell on TV3, Guyon Espiner and others at Radio NZ, David...
    The Daily Blog | 30-10
  • Things That Make You Go Hmmmmmmm
    Every so often in politics, a public figure comes out with something so absurd and so outlandish … that it really does just make you go “Hmmmmmmmmmm”. We’re accustomed to this from certain quarters – by mid point through the...
    The Daily Blog | 30-10
  • Poverty & inequality don’t need protest marches – they need a riot:...
    The global level of inequality continues to skyrocket… Number of billionaires doubled since financial crisis The number of billionaires has doubled since the start of the financial crisis, according to a major new report from anti-poverty campaigners. According to Oxfam,...
    The Daily Blog | 30-10
  • If Key knows who Rawshark is…
    I’m sorry, what? John Key ‘given Rawshark’s name’The Prime Minister believes he knows who hacked Whale Oil blogger Cameron Slater’s computer and produced the source material for Nicky Hager’s Dirty Politics, according to a new edition of a recently published...
    The Daily Blog | 30-10
  • Child Poverty stats in NZ
    Child Poverty stats in NZ...
    The Daily Blog | 30-10
  • Crimes Act + Police Investigation = WTF
    Just to frame the farce that is the Roastbuster’s investigation and conclusion – here are the parts of the Crime Act http://www.legislation.govt.nz/act/public/1961/0043/latest/whole.html#DLM329057  the Roastbusters are proven to have violated – that the police (and some suspects!) themselves acknowledge occurred: Crimes...
    The Daily Blog | 29-10
  • Publishing Journalists’ Home Addresses Is A Tactic Of The Right, Not The ...
    I think I’m starting to get rather annoyed with the conduct of some pro-MANA people over this ongoing Parliamentary Services crew complement issue. Yes, we get that there are legitimate issues to be raised with how some political reporters in...
    The Daily Blog | 29-10
  • Aucklanders caught between a tarseal-addicted government and a weak mayor
    Len Brown’s proposal for motorway tolls to reduce congestion and provide funding for better public transport is a weak response to a critical issue. The $12 billion dollar shortfall on transport funding he talks about is mainly for projected new...
    The Daily Blog | 29-10
  • A Very Weird Story: Deconstructing Darren Aronofsky’s Noah.
    NOAH is a curious movie. Conceived as a biblical epic, it’s target audience was originally the millions of Americans who regard the Bible as God’s inerrant word. With the sin-filled works of Hollywood forbidden to these true-believers, Christian movie-makers have developed...
    The Daily Blog | 29-10
  • You Can Get Away With Rape In New Zealand
    Jessie Hume with last years petition against rape     The police have sent a strong message today.  In fact they’ve been sending a strong message for a while; a message that our government supports. “You can literally get away...
    The Daily Blog | 29-10
  • Roast Buster case – no charges. In the immortal words of NWA…
    Roast Busters case: No prosecutions Police are to make an announcement this afternoon on Operation Clover, the investigation into the “Roast Busters” allegations. The Herald understands the victim has been told that the alleged offenders will not be prosecuted due...
    The Daily Blog | 29-10
  • Key’s flag change distraction to cost $26million!
    No. Way. Bid to change NZ flag to cost millions The cost of holding two referendums and consulting on a change of flag has been estimated to be just under $26 million. Look. We all appreciate that the sleepy hobbits...
    The Daily Blog | 29-10
  • Why NZ Herald’s Labour Party crocodile tears are so audacious
    The front page the NZ Herald would use if they thought they could get away with it No one can take the recent columns by NZ Herald seriously… John Armstrong: Shadow lingers on National John Roughan: Labour’s leadership vote matters...
    The Daily Blog | 28-10
  • The beginning of the end of Cameron Slater?
    Slater postings on man bizarre, court told A businessman has changed his appearance and had to install extra security at his home after Whale Oil blogger Cameron Slater posted his business and personal documents online, he says. Mr Slater has...
    The Daily Blog | 28-10
  • We are a milk power republic and Fonterra our unelected senate
    Wow. Just wow… Deputy mayor says he’ll be sacked South Taranaki deputy mayor Alex Ballantyne says he expects to be sacked because he has spoken out about the impact gasses coming from dumped Fonterra dairy products have had on his...
    The Daily Blog | 28-10
  • MEDIA WATCH: “…But *actually* this is about ethics in political-game jo...
    Yesterday, a piece of mine on the recent revelations about Hone Harawira employing several gentlemen either accused or convicted of sex offences was published on The Daily Blog. Predictably, given the fierce loyalty which Hone inspires in his party faithful and...
    The Daily Blog | 28-10
  • Privilege cheque
    There was no race problem in my childhood. Living in central Wellington I was well-insulated from what was going on not so far away. This was the 60s and 70s, where the teachers enjoyed free love in the staff room...
    The Daily Blog | 28-10
  • A brief word on Key’s claim that it will be raining carnage
    Isis will ‘rain carnage on the world’ – John Key Left unchecked Isis would “rain carnage on the world”, Prime Minister John Key says, but he has yet to make a decision on whether New Zealand troops will join a...
    The Daily Blog | 28-10
  • Meanwhile…
    ...
    The Daily Blog | 27-10
  • How does Andrew Little win Labour Leadership and unify the caucus?
    Audrey Young’s excellent column on how the Caucus vote  is shaping up shows how Andrew Little becomes the next leader of the Labour Party. She identifies the factions as the following… Andrew Little 6: Andrew Little, David Cunliffe, Iain Lees Galloway,...
    The Daily Blog | 27-10
  • GUEST BLOG: Joe Trinder – Right of response to Curwen
    You have asked that Hone Harawira deserves to explain what happened, how would he explain when his next door neighbour is an alleged sex offender. What explanation can Hone offer he wasn’t involved, Hone had no idea this offending was...
    The Daily Blog | 27-10
  • MEDIA WATCH: That Hella-Weird Feeling When You Defend Tova O’Brien
    Oh dear. Yesterday morning I blogged that Hone deserved a chance to explain what exactly had happened as applies his office’s Parliamentary Services crew complement – and, importantly, that we deserve to be able to judge him on the strength of...
    The Daily Blog | 27-10
  • Canadian Green MP warns against harsh anti-terror measures
    Canada’s Green Party has provided a welcome counterpoint to Prime Minister Harper’s call for tougher anti-terrorism laws in the wake of a soldier outside the Canadian Parliament. On October 22, while she was still locked in her parliamentary office, Green...
    The Daily Blog | 27-10
  • When is an asset sale not an asset sale? When it robs from the poor and ste...
    National have turned state housing on its head. At no time during the 2014 election did the Key Government even hint that they were going to privatise 30% of the Housing NZ stock of state homes. Not once. Key even...
    The Daily Blog | 27-10
  • Housing; broken promises, families in cars, and ideological idiocy (Part To...
    . . Continued from: Housing; broken promises, families in cars, and ideological idiocy (Part Rua) . Bill English comes clean on National’s intentions for HNZ privatisation . On 14 October, in a report on The Daily Blog, I wrote, In...
    The Daily Blog | 27-10
  • The Questions Have Been Asked – They Deserve An Answer
    A few days ago, allegations that had been percolating for some time about Hone Harawira employing three either accused or convicted sex offenders on his Parliamentary pay-roll came to light. (one imprisoned before working for MANA; one who found himself convicted and...
    The Daily Blog | 26-10
  • I have seen one future, and it is bleak
    . . Back in  March 2012, I wrote this story regarding a march to support striking workers at Ports of Auckland. It appears there was some prescience about some of my observations at the time… . | | 18 March...
    The Daily Blog | 26-10
  • US air strike war Key wants us in has killed a civilian a day so far
      The US air strike war that John Key wants us to join has killed a civilian a day so far. From the Washington Post... The United States launched its first airstrikes on militants in Syria on Sept. 23, and has continued...
    The Daily Blog | 26-10
  • The instant Jihad syndrome
    My favourite new term is ‘self-radicalised’ – it suggests the reasons for terrorism are totally divorced from the actions of the West. This need to suddenly ramp up terror laws because of lone wolf, self-radicalised Jihadists seems convenient and counter-productive....
    The Daily Blog | 25-10
  • We have nothing to fear from Ebola but fear itself
    I suspect most Americans perceive Ebola like this   I can’t work out if the fear being spread within the media about Ebola is deliberate or just ignorance. Yes Ebola is a terrible plague that kills a large percentage of...
    The Daily Blog | 25-10
  • GUEST BLOG: Anjum Rahman – “Meritocracy? I wish.”
    I’d like to start by linking to a post I had published at another site in support of Nanaia Mahuta for the Labour Party leadership election.  She has a reasonable chance, given that she already has the endorsement of Te...
    The Daily Blog | 25-10
  • Chocolate milk shortage and creepy Santa? Let’s talk about real news
    Child poverty is still a scarily serious problem in this country and house prices are soaring through the roof to the point where it is simply impossible for the average New Zealander to buy a home. There is also little...
    The Daily Blog | 25-10
  • It’s time to celebrate Kiwi schools and teachers
    Some would have you believe that New Zealand’s schools are in a state of collapse, that your children are not being educated well and that things are going to hell in a hand basket.  That there is no innovation, no...
    The Daily Blog | 25-10
  • Ideological Blitzkrieg – Privatization of state housing, more charter sch...
    Pundits in pundit land will tell you that this Government is boring, that Key is the great pragmatist and that it is his ability to create elegant solutions that keeps him the firm favourite in many Kiwi eyes. This ability...
    The Daily Blog | 24-10
  • Hegemony rules but resistance is fertile
    The Prime Minister is a puppet. Not just our current Prime Minister, but given the forces of multinational globalisation, the role of any head of state, is less as independent actor, and more as a puppet of international trends and...
    The Daily Blog | 24-10
  • An open Letter to Sir Bob Jones: demanding a ‘liveable wage’ is not “...
    How out of touch with reality is Sir Bob Jones? You know, that white dude who invested in privatised SOEs after the selling off of our assets in the eighties and made a ludicrous and disgusting amount of money and is...
    The Daily Blog | 24-10
  • My insecurity about the Security Council
    As I write this (on 24 October) it is international UN Day. Of course, you all knew that already, right? Well, the day celebrates the entry into force of the UN Charter in 1945. With the ratification of this founding...
    The Daily Blog | 24-10
  • GUEST BLOG: Catherine Delahunty – Back in That House
    Parliament opened this week and I still find it a very odd place. Most of the people are reasonably courteous and friendly, but the rituals are archaic and the rules around issues like the swearing in oath are oppressive and...
    The Daily Blog | 23-10
  • Marae Investigates No More
    TVNZ yesterday announced the closure of their Māori and Pacific programmes department. That means they’ve chosen to stop making Fresh, Tagata Pasifika, Waka Huia and Marae Investigates to let independent producers get their hands on these lucrative contracts. This is...
    The Daily Blog | 23-10
  • BLOGWATCH: An Un-Civil War in Labour, eh?
    Earlier today, my attention was directed to an entry that’s just recently appeared on the Slightly Left of Centre blog. It purports to contain the ‘inside word’ from a highly placed NZF source – which is funny, because I’m pretty sure...
    The Daily Blog | 23-10
  • Santanomics 101
    Santanomics could mean a number of things. It could be the study and practice of giving. Or it could mean the study and practice of rampant end-of-year commercialism. However, for me today it is the economics of erectingAuckland’s giant Santa...
    The Daily Blog | 23-10
  • SkyCity boss misleads public over workers lost shifts
    SkyCity CEO Nigel Morrison has defended the employment practices at his company in an “Opinion” piece entitled “Human Capital key to corporate success” in the NZ Herald on Thursday. A number of his claims are misleading, contain only partial truths...
    The Daily Blog | 23-10
  • Patrick Gower interviews Social Housing Minister
    Bennett says National could sell off “thousands” of state houses but Housing NZ will still be the “dominant force” in providing social housing in NZ....
    Scoop politics | 01-11
  • The Nation: Lisa Owen interviews Mike Moore & Chris Liddell
    Lisa Owen interviews NZ Ambassador to the US Mike Moore and corporate high-flyer Chris Liddell about the US midterm elections....
    Scoop politics | 01-11
  • David Parker event – the future of work, Sun 2 Nov
    Labour leadership candidate David Parker, an experienced lawyer and businessman as well as a former senior government cabinet minister in the Helen Clark Government, will join three prominent New Zealanders in a panel discussion on Sunday to address...
    Scoop politics | 31-10
  • Roast Busters: Turn Indignation into Action
    People raged about the Roast Buster case. The indignation was justified – it was horrible. “Where were their parents!?” Fair question. I am sure the Roast Busters’ parents and the victims’ parents all wish they had been more proactive in...
    Scoop politics | 31-10
  • Stats NZ only have themselves to blame for postponement
    The Public Service Association (PSA) says Statistics NZ only have themselves to blame for the indefinite postponement of the release of the Food Price Index: November 2014....
    Scoop politics | 31-10
  • NZ Diversity Survey – benchmarking workplace diversity
    AUT University’s New Zealand Work Research Institute (NZWRI) has released a report on diversity in New Zealand workplaces....
    Scoop politics | 31-10
  • Māori Language (Te Reo Māori) Bill
    Tutehounuku Korako, Chair of the Māori Affairs Committee, is inviting further public submissions on this bill. The closing date for submissions is Friday, 5 December 2014....
    Scoop politics | 31-10
  • ERA amendments a mixed bag
    The Employment Relations Amendment Act has the potential to put vulnerable workers in a more precarious position, says Equal Opportunities Commissioner, Dr Jackie Blue. However, the commissioner says the right for all to request flexible work hours is...
    Scoop politics | 31-10
  • Sensible Sentencing calls for appeal of judicial activivism
    The Sensible Sentencing Trust is appalled that Justice Jill Mallon has today refused to apply the Life without Parole (LWOP) provisions of the Three Strikes law as enacted by Parliament....
    Scoop politics | 31-10
  • Global Rally against ISIS – for Kobanê – for Humanity, Nov 1
    The New Zealand Kurdish Community will march in solidarity with Kurdistan as part of the “GLOBAL RALLY AGAINST ISIS – FOR KOBANÊ – FOR HUMANITY” on 1 November 2014, 2pm....
    Scoop politics | 31-10
  • Does ‘No-Surprises’ Also Apply To TVNZ News?
    When you stand back and look at NZ media outlets, most of them have at least one or two people who attempt to hold the government to account: John Campbell on TV3, Guyon Espiner and others at Radio NZ, David...
    Scoop politics | 31-10
  • Safer roads are better for everyone
    Recent pedestrian versus vehicle incidents highlight the real issues being addressed by delegates as the 2Walk and Cycle conference concludes....
    Scoop politics | 31-10
  • Law change creates more flexible labour market
    The Employment Relations Amendment Act, passed yesterday, will bring new flexibility to the labour market and will reduce the ability of unions to organise and to recruit....
    Scoop politics | 30-10
  • Bumper ANZ profits mean no excuse for insecure hours
    A big rise in profits at New Zealand's largest bank needs to be reflected in a better pay offer and more security around hours of work, the bank workers’ union said today....
    Scoop politics | 30-10
  • Count down to lowered alcohol limit
    With just a month to go until a new lower alcohol limit for adult drivers comes into effect, Police and road safety agencies are reminding drivers of the impending change....
    Scoop politics | 30-10
  • WorkSafe Supports Forestry Review Findings
    WorkSafe NZ says the Independent Forestry Safety Review has clearly identified the problems facing an industry in which ten workers were killed last year. “The Review’s analysis matches our own view and leaves no doubt about the need for comprehensive,...
    Scoop politics | 30-10
  • CTU welcomes forestry review recommendations
    The CTU is welcoming the today's release of the independent forestry safety review panel findings. "These recommendations must be implemented to ensure that everything possible is done to make forestry safer." CTU President, Helen Kelly said....
    Scoop politics | 30-10
  • Activists will confront animal abusers
    Today animal rights activists will confront a group of wealth advisers who want to build the biggest egg factory-farm in New Zealand....
    Scoop politics | 30-10
  • Turia: Women’s Refuge Conference 2014
    This is a milestone moment in my life. This will be my last official address as Co-leader of the Maori Party. On Saturday night at our Hui-a-Tau, I will be standing down from that role and enabling a new co-leader,...
    Scoop politics | 30-10
  • Rodeo Code of Welfare ‘Sick Joke’
    Animal advocacy organisation SAFE says the revised Code of Welfare for Rodeos just released is nothing but a sick joke. “Rodeo animals are goaded, tormented and forced to endure needless suffering and gross mistreatment, all for the sake of so-called...
    Scoop politics | 30-10
  • Conservative Party applauds binding referenda on flag
    The Conservative Party are congratulating the Government on the decision to hold two binding referendums to decide the fate of New Zealand’s flag – and believes it will pave the way for binding referenda to form part of New Zealand...
    Scoop politics | 30-10
  • Walk the Talk – Opposing violence against women
    Soroptimist International of Auckland have organised a walk on 22 November from Silo Park at the Wynyard Quarter through the Viaduct and back to Silo Park, to show their opposition to violence against women. This event hopes to raise awareness...
    Scoop politics | 30-10
  • Recommendations on the Design of Pecuniary Penalties
    The Law Commission has reviewed the use of pecuniary penalties as a regulatory tool. Pecuniary penalties are financial penalties that policymakers are increasingly opting to use in place of criminal sanctions in order to punish and deter misconduct in...
    Scoop politics | 30-10
  • Every worker will be affected by employment law changes
    Every worker will feel the effects of the government’s new employment laws and should join a union if they want to maintain and increase their wages and conditions, says New Zealand’s largest private sector union, the EPMU....
    Scoop politics | 30-10
  • Shameful attack on all workers
    The Government has passed the Employment Relations Amendment Act slashing the rights of all Kiwi workers. “These changes are shameful. New Zealand now has some of the worst employment protections in the OECD. It is embarrassing that a country which...
    Scoop politics | 30-10
  • Unnecessary law changes more to do with ideology
    The government’s employment law changes are simply ideological and are at odds with its approach in the related areas of health and safety and immigration law, FIRST Union said tonight....
    Scoop politics | 30-10
  • CTU Runanga calls on iwi leaders
    Maori workers are calling on iwi leaders to speak out against the employment law changes expected to go through today. “Iwi leaders have previously spoken out when workers in Aotearoa have been under attack, we believe they should do so...
    Scoop politics | 30-10
  • Educating children not the best solution to alcohol harm
    Alcohol Healthwatch says we need to look beyond educating children and young people to address deeply embedded attitudes and behaviours concerning alcohol....
    Scoop politics | 30-10
  • New code of welfare for rodeos released
    New standards to strengthen the animal welfare requirements for rodeos have been issued today by the Minister for Primary Industries, Nathan Guy....
    Scoop politics | 30-10
  • IPCA report riddle with inaccuracies, say students
    A report by the Independent Police Conduct Authority into the policing of student protests in 2012 is riddled with inaccuracies, say students who laid the original complaint with the IPCA....
    Scoop politics | 30-10
  • CT v The Queen – indecency convictions quashed
    This summary is provided to assist in the understanding of the Court’s judgment. It does not comprise part of the reasons for that judgment. The full judgment with reasons is the only authoritative document. The full text of the judgment...
    Scoop politics | 30-10
  • Rameka v The Queen – murder convictions quashed
    This summary is provided to assist in the understanding of the Court’s judgment. It does not comprise part of the reasons for that judgment. The full judgment with reasons is the only authoritative document. The full text of the judgment...
    Scoop politics | 30-10
  • Auckland Council Out of Control
    Responding to the NZ Herald article that some Auckland households will face a rates rise of up to 9.6 per cent next year, Taxpayers’ Union Executive Director Jordan Williams says: “Len Brown’s pledge to cap rates rises at 2.5 per...
    Scoop politics | 30-10
  • Stats NZ staff escalate action with ‘no more meetings’ rule
    Statistics NZ staff have voted to escalate their ongoing industrial action in an effort to get Stats NZ back to the bargaining table with a reasonable offer. The staff, who are members of the Public Service Association (PSA), have been...
    Scoop politics | 29-10
  • Rape Crisis calls for changes to criminal justice system
    Wellington Rape Crisis has added its voice to the public outcry following the announcement that there will be no charges in the teen rape gang case. Butterworth says the decision not to lay charges will not have been a surprise...
    Scoop politics | 29-10
  • Police action justified in Blockade the Budget demonstration
    Police actions in dealing with a demonstration in Central Auckland known as Blockade the Budget on 1 June 2012 were justified and appropriate, an Independent Police Conduct Authority report released today found....
    Scoop politics | 29-10
  • NZDF Joins with Australia to Commemorate WWI Centenary
    A contingent of New Zealand Defence Force (NZDF) personnel will join their Australian counterparts at Australia’s first major commemoration of the First World War centenary in Albany, Western Australia this weekend....
    Scoop politics | 29-10
  • Reserve Bank should reduce interest rate
    “The Reserve Bank should be reducing its policy interest rate, the OCR”, says CTU Economist Bill Rosenberg in response to the Bank’s announcement today that it is not increasing it....
    Scoop politics | 29-10
  • 2015 Stout Fellow will write about Māori & Criminal Justice
    Kim Workman, founder and advocate for the Robson Hanan Trust, which administers the Rethinking Crime and Punishment and Justspeak initiatives, has been awarded the 2015 John David Stout Fellowship at Victoria University....
    Scoop politics | 29-10
  • What John Key thought about ‘dirty politics’
    On September 20, John Key swept to victory to become one of New Zealand’s most successful and popular Prime Ministers. Rocked by scandal, the 2014 election campaign was one of the most brutal – and riveting – in recent history....
    Scoop politics | 29-10
  • Trade Deal Threatens Farmers and Food Businesses
    The secret Trans Pacific Partnership negotiations are a direct threat to food businesses and farmers, and a moratorium on the release of GE crops must be enshrined in law before the TPP is signed....
    Scoop politics | 29-10
  • CTU announces election of new Secretary
    The contested election for the position of CTU Secretary has been won by Sam Huggard. Sam officially takes office on Monday 1 December 2014. Sam has worked in the union movement and brings a wealth of experience and a commitment...
    Scoop politics | 29-10
  • Kim Workman awarded 2015 J.D. Stout Fellowship
    The Victoria University of Wellington 2015 J.D. Stout Fellowship, funded by the Stout Trust, has been awarded to justice reform advocate Kim Workman. Mr Workman (Ngati Kahungungu ki Wairarapa, Rangitaane) is well known for his work on criminal justice,...
    Scoop politics | 29-10
  • TPPA causing concern
    Concern over the secretive Trans-Pacific Partnership Agreement (TPPA) negotiations is being expressed in two public meetings over the next week; one at a presentation on 5th November by former councillor Robin Gwynn to the Napier City Council, the...
    Scoop politics | 29-10
  • Kiwis rally to demand justice for ‘Roast Buster’ survivors
    Over 1,500 kiwis have rallied to demand justice after the announcement of the NZ Police decision not to lay charges in the ‘Roast Busters’ saga....
    Scoop politics | 29-10
  • New employment law will hurt the most vulnerable NZers
    The Public Service Association (PSA) says changes to the Employment Relations Act, expected to be passed in Parliament tonight, will hurt vulnerable workers and their families more than anyone....
    Scoop politics | 29-10
  • Consultation to close on proposed place names
    The New Zealand Geographic Board (NZGB) Ngā Pou Taunaha o Aotearoa today advised that only one month remains before public consultation closes for 18 name proposals for geographic features and places around Te Ika ā Māui (the North Island)....
    Scoop politics | 29-10
  • Operation Clover – Statement from Police Commissioner
    I have taken a close interest in this investigation and I am confident police have conducted a thorough and professional enquiry in what has been a challenging and complex case. The Operation Clover team has ensured that victims have been...
    Scoop politics | 29-10
  • Better policy would have protected children from recession
    Child Poverty Action Group says an international report released by UNICEF today shows good policy can protect and improve child well-being, even during a recession....
    Scoop politics | 29-10
  • Outcome of Operation Clover investigation
    Police have completed a multi-agency investigation, Operation Clover, into the activities of a group calling themselves “The Roast Busters”. The 12 month enquiry focused on incidents involving allegations of sexual offending against a number of girls...
    Scoop politics | 29-10
Public service advertisements by The Standard

Current CO2 level in the atmosphere