Polity: ROPS – Roads of Political Significance

131 comments on “Polity: ROPS – Roads of Political Significance ”

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1. kiwigunner 1

   30 June 2014 at 9:13 am

   So we sold our assets for … new roads (and to provide money for the governments electioneering).
   • Chooky 1.1

     30 June 2014 at 10:30 am

     @kiwigunner..

     yes and to provide money for NACT mates huge private property development dreams and planning for a massive immigration population increase…( from where?…China, Israel, USA?)

     …Gisborne a super city anyone?…Auckland another Shanghai?

     …these politicians need to get a grip and listen to what New Zealanders want….and it is not massive amounts of money spent on new motorways!

     ….doesnt do much for New Zealand’s tourist industry ( a multi billion dollar earner?)…this does not seem to have been factored in…tourists love NZ the way it is ( just the way they love the Greek Islands) …they come here to get away from motorways and population and meet real New Zealanders and real New Zealand culture…….German and French tourists love NZ’s rustic roads and say they are in good repair if you drive within the speed limit

     ….money should be spent on public transport, rail, and making our roads safe for cyclists all around New Zealand
   • You_Fool 1.2

     30 June 2014 at 11:03 am

     and here I was thinking we sold them to pay down government debt… I guess that goes on the list of porkies
     • blue leopard 1.2.1

       30 June 2014 at 11:19 am

       +1 You_Fool

       Whilst roads are technically ‘assets’ they are not revenue generating assets – nor do they provide strong social benefits such as schools or hospitals (which are some of the many other things Nats said they were going to spend the proceeds of asset sales on – more lies).

       I can’t think of anything much more irresponsible and foolish than selling revenue generating assets for ones that neither provide revenue nor direct social benefits and require continual upkeep to boot.

       Selling revenue generating assets to build roads is like selling a business to buy a car – and ending up with no income and jobless – which is where increasing amounts of people in this country are heading if National get into government again.
   • Tracey 1.3

     30 June 2014 at 11:30 am

     I recall that Key said he had a mandate for asset sales because he campaigned on it. He also campaigned that money from those assets would go to Health, Schools and reducing debt. Do roads count int hat because you need them to get rushed to hospital or actually get to school?

     So, to clarify. The mandate to sell overrides the referendum, but the mandate to put it into education and health and debt reduction was optional?
2. mickysavage 2

   30 June 2014 at 9:15 am

   Another aspect is that the Government has been running down local road spend share of the NLTF and the financial assistance rate for local roads for years. More Local Authority money has been needed to pay for local roads. This is a partial return but in a hand picked number of projects that are remarkably evenly spread around the country. The sense of political game playing is strong here …
3. Jono 3

   30 June 2014 at 9:22 am

   I did some environmental planning work on one if these projects three years ago. There is no way it wasn’t being built until 2020; I am usually involved about three to four years before the machines start, not a decade. The idea that these projects are being brought forward for the good of the community is an absolute crock.
4. BM 4

   30 June 2014 at 9:22 am

   Pork barreling?, that’s ridiculous, as is shown by this map.
   Notice the color?

   http://upload.wikimedia.org/wikipedia/commons/e/ee/New_Zealand_electorates_2011_election_%28insets%29.svg
   • mickysavage 4.1

     30 June 2014 at 9:33 am

     MMP BM. Every vote is worth the same no matter what electorate they are cast in.
     • BM 4.1.1

       30 June 2014 at 9:41 am

       But the argument is that these roading projects are outrageous pork barrel operations because the vast majority of the projects are in National held regional areas.

       As shown by the maps there’s very few areas outside the main cities where labour hold an electoral seat.
   • lprent 4.2

     30 June 2014 at 9:40 am

     Did you notice the word marginal around there somewhere?

     National doesn’t have as good a grip on some of those provincial electorates as they’d like. Have a look at the 2002 one in particular.

     1. http://upload.wikimedia.org/wikipedia/en/8/8b/NewZealandElectorates1999-Labeled.png
     2. http://upload.wikimedia.org/wikipedia/en/9/97/NewZealandElectorates2002-Labeled.png
     3. http://upload.wikimedia.org/wikipedia/en/a/a0/New_Zealand_general_election%2C_2005_-_electorate_results.png
     4. http://upload.wikimedia.org/wikipedia/commons/thumb/2/28/New_Zealand_election_2008_electorate_results.svg/778px-New_Zealand_election_2008_electorate_results.svg.png

     It is a standard Muldoon trick to spread roading money into the marginals when National is on the downward spiral. He did it in 1981 and 1984 to make a lot of gravel roads get their tarseal. Of course afterwards the tarseal wasn’t maintained all that well….
     • BM 4.2.1

       30 June 2014 at 10:00 am

       Good point, there were a few more regional seats held by labour when Helen was in power and they may one day swing back.

       The thing is though roading is very popular with the average voter, people love driving their cars.
       You go out on the weekend and and amount of traffic is unreal, I’d say Saturday, Sunday are some of the busiest days on road

       I realize a lot on here consider cars evil and everyone should be using public transport but the vast majority of people like their cars and like good roads to drive on.

       Population want new fancy roads and as a politician you’d be mad not to tap into that.
       • framu 4.2.1.1

         30 June 2014 at 11:14 am

         Do you consider any ulterior motives when a mate whos refused to help, in fact made it harder for you all of a sudden hands you the exact same thing?

         its not about the roads in and of themselves – the roads down west coast are quite likely in need of some major upgrading – its about the roads in COMBINATION with the timing of the spending – announced just before an election, slated to start just after

         it doesnt have to be an impractical or un-needed investment in order to be pork barreling
       • Tracey 4.2.1.2

         30 June 2014 at 11:31 am

         There you go again speaking for the average voter BM. BUT can you address the following for me;

         I recall that Key said he had a mandate for asset sales because he campaigned on it. He also campaigned that money from those assets would go to Health, Schools and reducing debt.

         So, to clarify. The mandate to sell overrides the referendum, but the mandate to put it into education and health and debt reduction was optional?
         • srylands 4.2.1.2.1

           30 June 2014 at 11:36 am

           Tracey you are completely mistaken. The intent was made quite clear in 2011.

           https://www.national.org.nz/news/news/media-releases/detail/2011/10/30/new-future-fund-for-modern-infrastructure

           “National will use the proceeds from the mixed-ownership model to set up a Future Investment Fund of up to $7 billion to pay for new infrastructure without extra borrowing, National Party finance spokesman Bill English says.”

           “”Through the Fund the public can be assured the proceeds of mixed ownership are not being lost. They will be used to buy new assets for New Zealanders, and to upgrade and modernise our existing assets, reducing the Government’s borrowing from foreign lenders by $5-$7 billion.”
           • One Anonymous Bloke 4.2.1.2.1.1

             30 June 2014 at 11:52 am

             S Rylands, are you ignorant, mendacious, blinded by feeble failed ideology or a combination of all three?

             Hon BILL ENGLISH (Minister of Finance) :

             The Government has been clear that the proceeds of the share offer programme will be used to buy a variety of new public assets and will help the Government avoid having to borrow to procure those assets. The Future Investment Fund was outlined in Budget 2012 and further details were provided in Budget 2013. The purpose of that fund is to ensure complete transparency about the spending of the proceeds from asset sales. The Budget confirmed another $1.5 billion of these proceeds will be invested in schools, Christchurch hospitals, KiwiRail, and irrigation projects. However, the share offer proceeds are only a proportion of the Government’s overall new capital spending.

             Hansard. Volume:691;Page:11416

             Lying trash Prime Minister:

             They are to free up capital on behalf of taxpayers to fund public assets like schools and hospitals and growth-promoting investments such as infrastructure and broadband;

             Hansard. Volume:673;Page:19724

             Press releases count for nothing.
       • lprent 4.2.1.3

         30 June 2014 at 1:56 pm

         Have a look at my new post. The underlying problem is that most of the roads in most rural areas are economic roads. However National have been pulling money from those to fund what appear to be land speculator roads.

         Meanwhile in urban places like Auckland we’re starved of the economic benefits that good public transport brings (like massively reducing congestion) because National is building roads that a small minority of people use to get away to their rapidly appreciating beach batches on long weekends.

         It is no wonder that they’re trying to make it look like they build things other than “Roads of Significance to National MP’s investments”
       • Draco T Bastard 4.2.1.4

         30 June 2014 at 5:07 pm

         Population want new fancy roads and as a politician you’d be mad not to tap into that.

         Part of a politicians job is to inform people when they can’t have what they want.

         And, yes, putting in more roads in the face of the evidence of Climate Change is mad – completely fucken insane in fact.
5. dv 5

   30 June 2014 at 9:26 am

   So in 2030 the Natconserves are campaigning to sell the nz road.
   So that they can build more power stations.
6. hoom 6

   30 June 2014 at 9:27 am

   Spending like they are drunk.

   Hell no we can’t afford $250 mil to avoid causing unnecessary harm to the kids of beneficiaries if their benefit is cut…

   And not a dollar to spare for Auckland public transport until 2020 except the stuff Labour funded when they were in Govt.

   On RNZ this morning Espiner pinged Key on the fact they sold revenue generating assets to pay for non-revenue stuff like bridges.
   Donkey responded with BS that if they didn’t use that money they’d need to borrow.
   Espiner failed to follow that up with the point that the loss of revenue from sold assets is higher than the interest on the same amount of borrowing X-/

   Also Labor made the very valid point that Joyce had stripped over 300 Mil out of regional roading funding previously due to funding the hell out of the Roads of Significance to National.
   • BM 6.1

     30 June 2014 at 9:33 am

     I never got this revenue generating assets angle.

     If you consider a power generation plant a asset because of the “revenue” it produces then income tax,gst and all the other taxes are assets as well.
     • hoom 6.1.1

       30 June 2014 at 9:39 am

       Its really simple: If you own shares in a profit making company, when it pays Dividends you get money you can spend on stuff.

       If you sell your shares then you don’t get the dividends anymore.

       The State owned assets that have been sold off have been paying out Dividends higher than what you’d pay for the Interest on the equivalent value loan.

       After loss of Dividends the Govt is poorer & has to cut more spending to balance the books than if it’d kept the assets & been paying some more interest on loans while still spending the same amount.
       • BM 6.1.1.1

         30 June 2014 at 9:46 am

         Yeah but NZ owned the power generators so the revenue gained is just another tax.
         If we were getting free power, sure I would consider the power generators an asset but in the reality they’re just another way the government taxes the population.

         You could easily introduce some other tax somewhere else to compensate the the “revenue” lost
         • Hayden 6.1.1.1.1

           30 June 2014 at 10:02 am

           So now we’re still getting taxed, except 49% of that “tax” goes to the private owners. I don’t see how that’s an improvement.
           • BM 6.1.1.1.1.1

             30 June 2014 at 10:15 am

             But you could pay off loans quicker with the money raised(Less tax revenue spent paying off interest) or you could use the money raised to promote growth and increase the tax take because the economy is grown.

             Also the government receives tax on the dividends of the other 49%
             • KJT …

               30 June 2014 at 10:23 am

               Except we now have to borrow offshore to pay for the profits of the private owners.

               Less money in the economy overall, but that doesn’t matter because Nationals bribers/sorry, funders are getting rich at new Zealanders expense.
         • hoom 6.1.1.1.2

           30 June 2014 at 10:04 am

           If we were getting free power, sure I would consider the power generators an asset

           Well the sensibleness of the Market model for electricity generation/retail is a completely different topic.

           Back in the pre-market days we had amongst the very cheapest electricity, highest % renewable & most reliable in the world.

           Certainly selling off those assets does 0 to help fix the broken electricity Market.
         • freedom 6.1.1.1.3

           30 June 2014 at 10:17 am

           “You could easily introduce some other tax somewhere else to compensate the the “revenue” lost”

           Except for the fact that 49 % of the revenue which came from those earnings, which is now going to the private shareholders, is no longer available for the Government to tax.
           http://i.imgur.com/WcrJgGR.jpg

           edit: hang on, there is another option and then BM can be correct. The Government creates a Power Company Private Shareholders Tax of 99% based on gross turnover. I have a sneaking suspicion he won’t like the idea though.
         • Tracey 6.1.1.1.4

           30 June 2014 at 11:33 am

           so you favour an increase in taxation to recoup the lost dividends?
           • Draco T Bastard 6.1.1.1.4.1

             30 June 2014 at 5:23 pm

             I’m all for it. I suggest raising taxes on shares paid out as dividends from power generators to 100%.
     • KJT 6.1.2

       30 June 2014 at 9:57 am

       This is how I know BM is not “rich”.

       The “rich” know that you stay rich by owning income earning assets.

       Selling of positive income earning assets to pay the grocery bill, is not a strategy to stay wealthy, for countries as well as individuals.

       The benefits of State power to all the businesses/people in the country, either as cheaper power, or as an offset to taxes that would otherwise be required, is infinitely more than the money made from a one off privatisation.

       RWNJ’s never seem to realise that a ledger has two sides. Despite their obsession with money.
       • Tracey 6.1.2.1

         30 June 2014 at 11:34 am

         BM is like many National voters. He is not rich, he wants to be rich. He is the proverbial donkey with the carrot dangling in front. National has convinced he and many others that if they keep being donkeys for long enough they will reach the carrot. he is being duped, and not only duped, he is a willing mouthpiece disseminating their myths to get the other donkeys in line. Sad really.
       • Draco T Bastard 6.1.2.2

         30 June 2014 at 5:29 pm

         RWNJ’s never seem to realise that a ledger has two sides. Despite their obsession with money.

         The ones at the top, like Blinglish and John key, do. The ones at the bottom like BM are too stupid to realise anything.
     • framu 6.1.3

       30 June 2014 at 11:17 am

       “all the other taxes are assets as well.”

       ahh – not really – using your analogy they would be revenue – the tax payer would be the asset.

       If nat could sell us to a private company to ‘manage’ our tax paying ability im sure they would
       • Draco T Bastard 6.1.3.1

         30 June 2014 at 5:32 pm

         They are. That’s what selling our power generating assets was about. It has the same effect of selling the NZ taxpayers to the rich.
7. fisiani 7

   30 June 2014 at 9:33 am

   If National do or don’t spend money on vital infrastructure they will be abused here routinely.
   Would you rather own a dam or 14 safe roads plus schools and hospitals? Every time National spends the money raised from mixed ownership sales there will be cries of grief on here. Typical kneejerk attempts to cry foul.
   National is working for New Zealand.
   • vto 7.1

     30 June 2014 at 9:41 am

     National would have had more money for spending on these things if they had not sold the power companies you stupid egg. Typical far-right thinking – backwards conservatives trying to look forwards – useless.

     And combine that with looming 19% power rises? 19%? Eh? When the costs have not risen at all? Fisi-shit-for-brains.

     National and the cult of Key – sucking the life out of New Zealanders.
   • hoom 7.2

     30 June 2014 at 9:44 am

     National is working for its rich buddies & big overseas companies.

     If you own a profitable dam you can use the profits to pay for roads, schools & hospitals.
     If you sell a profitable dam you can one-off pay for some roads, schools & hospitals but your rich buddy that you gave a tax cut to gets to bank the profits.
     • fisiani 7.2.1

       30 June 2014 at 10:01 am

       Actually we still own half the dams. Actually 51%. We get the dividends and the roads hospitals and schools. Christchurch is being rebuilt.
       • KJT 7.2.1.1

         30 June 2014 at 10:07 am

         Have you been to Christchurch?

         Brisbane a few months after the floods?

         Christchurch is being re-built. Yeah right!
         • infused 7.2.1.1.1

           30 June 2014 at 11:06 am

           It’s a 10 year build, at least. This ain’t happening over night son.
           • KJT 7.2.1.1.1.1

             30 June 2014 at 11:59 am

             How many new buildings in Christchurch? so far?
         • Andrew 7.2.1.1.2

           30 June 2014 at 11:45 am

           Wow, Brisbane got flooded, Christchurch got flattened by 2 large earthquakes. Yip pretty much the same thing really. Seriously!
           • KJT 7.2.1.1.2.1

             30 June 2014 at 12:00 pm

             Tax levy for Brisbane. Happened about the same time. No sign of it now.

             Christchurch. Well?
             • Andrew …

               30 June 2014 at 12:04 pm

               Are you seriously suggesting that Christchurch would have been cleaned up at the same rate (or even faster than it is now) as Brisbane if there had been a tax levy imposed?
               • KJT …

                 30 June 2014 at 12:51 pm

                 I am saying how they did it.

                 Instead of National waiting for, whatever.

                 The parts of Brisbane that were flooded were rather a mess actually.

                 http://en.wikipedia.org/wiki/2010%E2%80%9311_Queensland_floods
                 “Three-quarters of the state of Queensland was declared a disaster zone.[5] Communities along the Fitzroy and Burnett Rivers were particularly hard hit, while the Condamine, Ballone and Mary Rivers recorded substantial flooding. An unexpected flash flood caused by a thunder storm raced through Toowoomba’s central business district. Water from the same storm devastated communities in the Lockyer Valley. A few days later thousands of houses in Ipswich and Brisbane were inundated as the Brisbane River rose and Wivenhoe Dam used a considerable proportion of its flood mitigation capacity”.

                 “Prime Minister Julia Gillard announced that the government would impose a flood levy on people across Australia, to fund reconstruction works”.[150]
                 • hoom …

                   30 June 2014 at 1:23 pm

                   I would happily have paid a bit of extra tax via an Earthquake levy to help out.
   • cogito 7.3

     30 June 2014 at 10:08 am

     The only thing National is working for is National, to get National…. more specifically National’s Idol Key back into power.

     Kiwis would do well to reflect on what Key has actually done over the last six years feathering the nests of the rich, rather than allow themselves to be bought off by the half-promise of some small tainted sugar lump down the track…..

     Doesn’t get much worse 🙁
   • Tracey 7.4

     30 June 2014 at 11:35 am

     what happened tot he mandate for asset sales that stated the money goes to Health, Education and Debt repayment Fisi?
     • srylands 7.4.1

       30 June 2014 at 11:38 am

       Can you provide the reference from 2011 campaign that precluded all use of the proceeds of MOM for any purposes other than those you state? It was always to buy assets consistent with the proper role of Government which is why the FIF was set up.
       • Tracey 7.4.1.1

         30 June 2014 at 12:06 pm

         You have a point Slylands. He did change it from education, health and debt pay down to infrastructure investment. BUT he used the phrase “asset sales” before and after the election publically, a phrase which never actually appeared in their manifesto. tricky aye?

         “Although asset sales have been one of the most controversial and polarising political issues over the past three years, the term appears nowhere in the National Party’s 2011 election manifesto.Instead of asset sales, National’s 2011 manifesto talks of extending the “successful mixed-ownership model” in order to provide capital for the Future Investment Fund. ”

         It’s quite heard to keep up with his lies, even for such an ardent supporter as you I suspect.. For example in 2008 he said

         ““Now they’re highly profitable companies, the Crown’s dividend stream from Mighty River and Genesis are large so on both motivations we don’t have a debt problem and they’re acting highly effectively as companies. There is no motivation to sell assets; actually we’re about creating assets not selling assets.”

         He also promised no job cuts from the public service and then oversaw 2500 job cuts.

         And no tax rises. And put GST up. So what he says and what he does aren’t always the same making the former unreliable and a bit of a crapshoot (as his American friends would say)

         Perhaps you could do the electorate a BIG favour during this campaign and keep a note of the things he says publicly and which ones the voters can trust will happen after the election and which ones won’t.
   • Shrubbery 7.5

     30 June 2014 at 1:08 pm

     Well, that’s a ridiculous false dichotomy – why can’t we own both a dam and 14 safe roads and hospitals and schools? We certainly would have had the money for it if National hadn’t cut taxes for the wealthy.
   • Draco T Bastard 7.6

     30 June 2014 at 5:34 pm

     Would you rather own a dam or 14 safe roads plus schools and hospitals?

     It’s not an either/or question you duplicitous arsehole.

     The option that most of us wanted and that we could afford was to have both the power generators and better roads and schools.
8. Linz 8

   30 June 2014 at 9:34 am

   Nothing new. The 1981 Springbok tour was a trip through all the provincial marginal seats.
9. cogito 9

   30 June 2014 at 9:57 am

   Aren’t Road User Charges and fuel excise going up tomorrow? Coincidence? Take from the many now and promise to give back to a selected few down the track?

   What a scam.
10. srylands 10

    30 June 2014 at 10:02 am

    “On RNZ this morning Espiner pinged Key on the fact they sold revenue generating assets to pay for non-revenue stuff like bridges.”

    That is what Governments are supposed to do. Government has no business owning commercial businesses.

    But if you have a problem with the bridges generating no revenue the answer is to sell the bridges to commercial owners and charge tolls. That would deal with your objection?

    Privatise all transport infrastructure and fit all vehicles with GPS devices to enable charging for all roads. New roads can then be built according to demand. If some roads do require a subsidy, that can be done transparently. And most of that would be in the regions.

    BTW your point about returns on the powercos being greater than borrowing costs is unlikely to be true over the long term when adjusted for risk. Did you max out your home equity facility over the last two years to invest in the NZ stockmarket? Your returns would have exceeded your borrowing costs. No? Exactly because you are risk adverse. But you are happy for the Government to take risks with taxpayers money, especially when most of the taxes are paid by higher income earners.
    • KJT 10.1

      30 June 2014 at 10:16 am

      “Government has no business owning commercial businesses”.

      A typical right wing nut job slogan unsupported by facts.

      What is supported by facts, is that privatised essential infrastructure always costs more in the long term, as NZ, UK and USA have found out the hard way.

      Ask why Singapore is able to have such low taxes?
      .
      • srylands 10.1.1

        30 June 2014 at 11:01 am

        “Ask why Singapore is able to have such low taxes?”

        For a start, Singapore spends about 8% of GDP per person on each welfare recipient. i.e there is a tiny social welfare net. You want to cut benefits here by 80%?

        http://www.economist.com/news/asia/21580531-asias-emerging-welfare-states-spread-themselves-thinly-widefare

        “What is supported by facts, is that privatised essential infrastructure always costs more in the long term”,

        Can you provide any empirical evidence for this?
        • KJT 10.1.1.1

          1 July 2014 at 3:43 pm

          Have provided ample evidence, on here and elsewhere, as have many others, but as you are incapable of comprehending anything which conflicts with your religious beliefs…………….

          Singapore is run as a giant SOE. See below on Temesek.
    • bad12 10.2

      30 June 2014 at 10:16 am

      SSlands, stop stating as fact that ”Governments have no business owning commercial businesses” that is simply your opinion and a fucked up bullshit opinion at that,

      Consider this for a moment, in a magic wonderland that doesn’t include dull wankers like you exhibit as, A Government owned, Lock ,Stock, and River Polluting Pipes the whole of Fonterror the Dairy Production Company the profits of which it used instead of the taxation of your wages or salary to fund Government services, so instead of looking at a tax rate of 36% you would be looking at one of 10 or 15%,

      That of course is putting aside your ability to rort the tax system for the moment…
      • srylands 10.2.1

        30 June 2014 at 10:39 am

        Sorry that was too convoluted for me to understand what you mean.

        Except the last sentence which is a rude, false, and baseless smear.

        Do you mean Fonterra? Something about milk funding government?

        Sorry no idea how that is relevant to my post.
        • srylands 10.2.1.1

          30 June 2014 at 10:51 am

          OK I see where you are going. The Government should own most of the economy (farmers, banks, supermarkets, tourism?, airlines,) and extract dividends that would fund most of the Government.

          Nice. Can you point to any global success stories using that model? Britain in the 1970s? Argentina in the 1980s? France in the 1980s?
          • Tracey 10.2.1.1.1

            30 June 2014 at 11:41 am

            Banking panics and systemic banking crises
            18th century

            Crisis of 1763, started in Amsterdam, begun by the collapse of Leendert Pieter de Neufville, spread to Germany and Scandinavia
Crisis of 1772–1773 in London and Amsterdam, begun by the collapse of the bankers Neal, James, Fordyce and Down.
Panic of 1792, New York
Panic of 1796–1797, Britain and United States


            19th century

            Panic of 1819, a U.S. recession with bank failures; culmination of U.S.'s first boom-to-bust economic cycle
Panic of 1825, a pervasive British recession in which many banks failed, nearly including the Bank of England
Panic of 1837, a U.S. recession with bank failures, followed by a 5-year depression
Panic of 1847, United Kingdom
Panic of 1857, a U.S. recession with bank failures
Panic of 1866, Europe
Panic of 1873, a U.S. recession with bank failures, followed by a 4-year depression
Panic of 1884, United States and Europe
Panic of 1890, mainly affecting the United Kingdom and Argentina
Panic of 1893, a U.S. recession with bank failures
Australian banking crisis of 1893
Panic of 1896, acute U.S. recession


            20th century

            Panic of 1901, a U.S. economic recession that started a fight for financial control of the Northern Pacific Railway
Panic of 1907, a U.S. economic recession with bank failures
Shōwa Financial Crisis, a 1927 Japanese financial panic that resulted in mass bank failures across the Empire of Japan.
Great Depression, the worst systemic banking crisis of the 20th century
Secondary banking crisis of 1973–1975 in the UK
Japanese asset price bubble (1986–2003)
Savings and loan crisis of the 1980s and 1990s in the U.S.
Finnish banking crisis of 1990s
Swedish banking crisis (1990s)
Venezuelan banking crisis of 1994
1997 Asian financial crisis
1998 collapse of Long-Term Capital Management
1998 Russian financial crisis
Argentine economic crisis (1999–2002)
1998–99 Ecuador banking crisis


            21st century

            2002 Uruguay banking crisis
Late-2000s financial crisis, including:

            Subprime mortgage crisis in the U.S. starting in 2007
            2008 United Kingdom bank rescue package
            2009 United Kingdom bank rescue package
            2008–2009 Belgian financial crisis
            2008–2012 Icelandic financial crisis
            2008–2009 Russian financial crisis
            2008–2009 Ukrainian financial crisis
            2008–2012 Spanish financial crisis
            2008–2011 Irish banking crisis

            Venezuelan banking crisis of 2009–10

      • srylands 10.2.2

        30 June 2014 at 10:44 am

        “stop stating as fact that ”Governments have no business owning commercial businesses” that is simply your opinion and a fucked up bullshit opinion at that,”

        and BTW you are well aware that this is not simply my opinion. Privatisaion on a large scale leads to prosperity, and more so for the poor. I suggest you revisit the excellent work of Roger Kerr (RIP) and Bill Megginson.

        https://rogerkerr.wordpress.com/category/series-the-truth-about-privatisation/
        • dv 10.2.2.1

          30 June 2014 at 10:56 am

          So how much has the private sector GFC cost the world?
          And
          BNZ
          Transrail
          SFC
          Comalco
          etc
        • bad12 10.2.2.2

          30 June 2014 at 10:58 am

          i suggest you fuck off SSlands, preferably a quick pass out of this world into the one now occupied by Roger(spit)Kerr,

          Despite years of ”privatization” the poor in this country are arguably as poor as they were prior to those privatizations and most here at the Standard considering benefit cuts etc would have a more than valid argument that the poor are worse off now than prior to those acts of privatization…
          • srylands 10.2.2.2.1

            30 June 2014 at 11:10 am

            You are just totally rude. So what passes for intelligent debate here is wishing death on commentators you disagree with?

            You should be ashamed.

            And who is “SSlands”?
            • bad12 10.2.2.2.1.1

              30 June 2014 at 11:19 am

              No, No, SSLands, not ”commentors”, just ”A” commentor in the form of you, i have just checked in the mirror and there is no shame evident, you score a fail as usual,

              It is obvious to all even you who SSLands is,

              And, to get back to the debate, your and Cur’s view of the Government being involved in business is ”opinion” said opinion around here, as if you havn’t noticed having all the value of spit,

              Your further assertion that a Government selling its businesses leads to reduced poverty is patently untrue and thus deserving only of my and other’s spit…
              • srylands …

                30 June 2014 at 12:16 pm

                Wishing death on political opponents has now come to New Zealand in the form of you. I’ll make sure I spread the word.
                • bad12 …

                  30 June 2014 at 12:33 pm

                  Stop it SSLands, too many Laugh out Loud moments which you are providing loads of this morning are just not good for my heart health,

                  Ah the ”inflation model” is now not only being applied to the economy by the ”Wing-nuts” it appears now that the ”inflation model” will be applied to speech/comment as well,

                  Scer–atch ”opponents” from your current whining SSLands, my previous comment was entirely personal-centric, as in applying to You as the ”opponent”,

                  You do understand the singular and the plural SSLands, i would hate to have to sit here wasting my pixels in an effort at educating that which is not able to be,

                  The above short paragraph is your hint for the day as to why you are treated here with such derision, spat at in other words…
                  • Colonial Viper …

                    30 June 2014 at 1:31 pm

                    Shitlands…what more need be said lol
            • framu 10.2.2.2.1.2

              30 June 2014 at 11:26 am

              your pretty fucking rude too mate – you just hide behind language to do it

              your a text book example of the passive aggressive..
              “im going to keep saying dumb and offensive things and avoid anything i cant answer till everyones gotten so annoyed that they start telling me to get fucked so i can call them rude” routine – you do it all the time
              • One Anonymous Bloke …

                30 June 2014 at 11:59 am

                Not to mention when S Rylands’ mask slips completely off and he reveals his feral hatreds and foul yap.
              • srylands …

                30 June 2014 at 12:18 pm

                Really? I say the same dumb things in other fora. Nobody at Kiwiblog has wished death on me.
                • One Anonymous Bloke …

                  30 June 2014 at 12:22 pm

                  I’d just like to take this opportunity to state that I do not wish death on you, S Rylands.

                  The destruction of your entire life’s work will be just fine.
                • srylands …

                  30 June 2014 at 12:23 pm

                  and BTW stating (the obvious) that privatisation is a sensible policy, pursued the world over, is hardly a cause for death threats. Get a grip.

                  As for Roger Kerr, I suggest you read some of his obituaries. I could link to dozens, many of them from some of the world’s most respected economists. He was much admired.
                  • One Anonymous Bloke …

                    30 June 2014 at 12:31 pm

                    Inhabitants of echo chamber in self-serving circle-jerk.
                  • KJT …

                    30 June 2014 at 1:09 pm

                    A policy that has failed to give the promised reductions in costs, and gain in efficiency the world over.

                    http://www.tribunemagazine.org/2013/11/now-we-see-the-true-cost-of-privatisation/
                    “The annual energy price rises are appalling. Three of the Big Six energy companies have already announced price hikes of around 10 per cent, with the other three expected to follow shortly. However, we cannot sell off vital public assets and then complain when private companies act like private companies. The popular capitalism of the 1980s has turned into a nightmare for the vast majority of ordinary families”.

                    Of course, following overseas fuckups is SOP for RWNJ’s.
                  • framu …

                    30 June 2014 at 1:18 pm

                    its your attitude dick head – not the words used
        • framu 10.2.2.3

          30 June 2014 at 11:28 am

          HA HA HA – you linked to roger kerr!!!!!!!

          yeah hes TOTALLY trustworthy and not biased at all on the subject
          • One Anonymous Bloke 10.2.2.3.1

            30 June 2014 at 12:03 pm

            😆

            S Rylands the “policy” merchant, sucking on the public teat, quotes a cadaver who rotted while he was alive.
            • srylands 10.2.2.3.1.1

              30 June 2014 at 12:34 pm

              “S Rylands [sic] the “policy” merchant, sucking on the public teat, [cut]”

              Really? on what basis do you conclude that?

              According to your mate Bad12 I am a tax accountant. No public teat there.

              According to your other mate Colonial Viper, I have never even been to New Zealand. So definitely no public teat there.

              I suggest you go consult your cabal to get your insults consistent.
              • One Anonymous Bloke …

                30 June 2014 at 12:39 pm

                That’s not a denial.
              • KJT …

                30 June 2014 at 2:14 pm

                A “Tax accountant” is not dependant on the State! LOL.
        • Tracey 10.2.2.4

          30 June 2014 at 11:40 am

          systemic banking crises

          Banking panics and systemic banking crises
          18th century

          Crisis of 1763, started in Amsterdam, begun by the collapse of Leendert Pieter de Neufville, spread to Germany and Scandinavia
Crisis of 1772–1773 in London and Amsterdam, begun by the collapse of the bankers Neal, James, Fordyce and Down.
Panic of 1792, New York
Panic of 1796–1797, Britain and United States


          19th century

          Panic of 1819, a U.S. recession with bank failures; culmination of U.S.'s first boom-to-bust economic cycle
Panic of 1825, a pervasive British recession in which many banks failed, nearly including the Bank of England
Panic of 1837, a U.S. recession with bank failures, followed by a 5-year depression
Panic of 1847, United Kingdom
Panic of 1857, a U.S. recession with bank failures
Panic of 1866, Europe
Panic of 1873, a U.S. recession with bank failures, followed by a 4-year depression
Panic of 1884, United States and Europe
Panic of 1890, mainly affecting the United Kingdom and Argentina
Panic of 1893, a U.S. recession with bank failures
Australian banking crisis of 1893
Panic of 1896, acute U.S. recession


          20th century

          Panic of 1901, a U.S. economic recession that started a fight for financial control of the Northern Pacific Railway
Panic of 1907, a U.S. economic recession with bank failures
Shōwa Financial Crisis, a 1927 Japanese financial panic that resulted in mass bank failures across the Empire of Japan.
Great Depression, the worst systemic banking crisis of the 20th century
Secondary banking crisis of 1973–1975 in the UK
Japanese asset price bubble (1986–2003)
Savings and loan crisis of the 1980s and 1990s in the U.S.
Finnish banking crisis of 1990s
Swedish banking crisis (1990s)
Venezuelan banking crisis of 1994
1997 Asian financial crisis
1998 collapse of Long-Term Capital Management
1998 Russian financial crisis
Argentine economic crisis (1999–2002)
1998–99 Ecuador banking crisis


          21st century

          2002 Uruguay banking crisis
Late-2000s financial crisis, including:

          Subprime mortgage crisis in the U.S. starting in 2007
          2008 United Kingdom bank rescue package
          2009 United Kingdom bank rescue package
          2008–2009 Belgian financial crisis
          2008–2012 Icelandic financial crisis
          2008–2009 Russian financial crisis
          2008–2009 Ukrainian financial crisis
          2008–2012 Spanish financial crisis
          2008–2011 Irish banking crisis

          Venezuelan banking crisis of 2009–10

        • Tracey 10.2.2.5

          30 June 2014 at 12:09 pm

          ” Privatisaion on a large scale leads to prosperity, and more so for the poor.”

          But free trade does not lead to greater prosperity…

          ” Trade does not raise income inequality.
          Ian Fletcher

          When the theory of comparative advantage promises gains from free trade, these gains are only promised to the economy as a whole, not to any particular individuals or groups thereof. So it is entirely possible that even if the economy as a whole gets bigger thanks to freer trade, many (or even most) of the people in it may lose income. This is not a trivial problem: it has been estimated that freeing up trade reshuffles five dollars of income between different groups of people domestically for every one dollar of net gain it brings to the economy as a whole.xvii Free trade squeezes the wages of ordinary Americans largely because it expands the world’s effective supply of labor, which can move from rice paddy to factory overnight, faster than its supply of capital, which takes decades to accumulate at prevailing savings rates. As a result, free trade strengthens the bargaining position of capital relative to labor. This is especially true when combined with growing global capital mobility and the entry into capitalism of large formerly socialist nations such as India and China.

          As a result, people who draw most of their income from returns on capital (the rich) gain, while people who get most of their income from labor (the rest of us) lose. The underlying mechanism of this analysis has long been part of mainstream economics in the form of the so-called Stolper-Samuelson theorem.xviii This theorem says that freer trade raises returns to the abundant input to production (in America, capital) and lowers returns to the scarce one (in America, labor). Because America has more capital per person, and fewer workers per dollar of capital, than the rest of the world, free trade tends to hurt American workers. For extremely skilled jobs, like investment banking, it may be easy to substitute a foreigner, but foreign labor (some yuppie in London) is just as expensive as American labor, so there is no impact on American wages. For jobs that cannot be performed remotely, such as waiting tables, it is impossible to substitute a foreign worker, so again there is no direct impact. The occupations that suffer most are those whose products are easily tradable and can be produced by cheap labor abroad. This is why unskilled manufacturing jobs were the first to get hurt in the U.S.: there is a huge pool of labor abroad capable of doing this work, and manufactured goods can be packed up and shipped around the globe. Because low-paid workers are concentrated in these occupations, free trade hurts them more.xx

          There is another problem. Suppose that opening up a nation to freer trade means that it starts exporting more airplanes and importing more clothes than before. (This is roughly the situation the U.S. has been in.) Because the nation gets to expand an industry better suited to its comparative advantage and contract one less suited, it becomes more productive, and its GDP goes up, just like the theory says. So far, so good. But here is the rub: suppose that a million dollars’ worth of clothes production requires one white-collar worker and nine blue-collar workers, while a million dollars of airplane production requires three whitecollar workers and seven blue-collar workers. This means that for every million dollars’ change in what gets produced, there is a demand for two more white-collar workers and two fewer blue-collar workers. Because demand for white-collar workers goes up and demand for blue-collar workers goes down, the wages of white-collar workers will go up and those of blue-collar workers will go down. But most workers are blue-collar workers – so free trade has lowered wages for most workers in the economy!

          It follows from the above problems that free trade, even if it performs as free traders say in other respects (it does not), could still leave most Americans with lower incomes. And even if it expands our economy overall, it could still increase poverty. Taking an approximate mean of available estimates, we can attribute perhaps twenty-five percent of America’s three-decade rise in income inequality to freer trade.xxi It was estimated in 2006 that the increase in inequality due to freer trade cost the average household earning the median income more than $2,000.xxii”
        • thatguynz 10.2.2.6

          30 June 2014 at 12:33 pm

          “excellent work of Roger Kerr (RIP)”

          Surely you jest?
        • Draco T Bastard 10.2.2.7

          1 July 2014 at 2:32 pm

          Privatisaion on a large scale leads to prosperity, and more so for the poor.

          No it doesn’t – it leads to feudalism and then bloody revolution. Piketty with his data spanning across centuries has just proved that’s exactly where we’re going as the many get poorer while the rich get richer.

          The prosperity that we had last century was because the government stepped in and prevented the exploitation that is inherent in pure privatisation. One of those steps was by the simple expedient of owning a hell of a lot such as telecommunications and power and hospitals. Another step was by funding huge blue sky research tat the private sector wouldn’t, and still doesn’t, do.
    • vto 10.3

      30 June 2014 at 10:26 am

      srylands
      “That is what Governments are supposed to do. Government has no business owning commercial businesses”

      You still have your head in the Warehouse clouds don’t you. You still think all manner of human activity can be treated the same as the manufacture of plastic buckets ffs.

      These baseline thoughts of yours are extreme and lack a great deal of understanding of human community and its history.

      On the particular point – the provision of electricity is NOT a commercial business. Given that people need it to warm themselves in winter and cook food, and are banned by law from burning wood to do the same thing, it is far from a commercial business. It is an item of infrastructure required for base human survival.

      Your thinking is truly shocking in its shallowness.
      • srylands 10.3.1

        30 June 2014 at 10:35 am

        “the provision of electricity is NOT a commercial business.”

        You may wish it was not but the reality is it is (mostly) supplied by commercial companies. That is not going to change.
        • dimebag russell 10.3.1.1

          30 June 2014 at 11:25 am

          why not?
          • Tracey 10.3.1.1.1

            30 June 2014 at 12:14 pm

            because only the rich have a right to water and electricity.
        • Colonial Viper 10.3.1.2

          30 June 2014 at 1:43 pm

          You may wish it was not but the reality is it is (mostly) supplied by commercial companies. That is not going to change.

          Time to rebuild the culture of public, non profit utilities.
          • srylands 10.3.1.2.1

            30 June 2014 at 2:44 pm

            You seem stuck in the 1970s. It is NOT going to happen. In fact I can’t think of anywhere in the world you could go to find it. You could go back to China and have a look?
            • vto 10.3.1.2.1.1

              30 June 2014 at 3:03 pm

              Oh you mean the 1970s when there was full employment and easy access to the necessities of life like electricity and affordable housing?

              The 1970s before the 80s, 90s and 2000’s, when it has just become harder and harder to provide for oneself and family?

              Are you ignorant in that assessment or just being obtuse?
              • Draco T Bastard …

                1 July 2014 at 2:45 pm

                Are you ignorant in that assessment or just being obtuse?

                SSLands, like all RWNJs, is being willfully blind to the real outcomes of his preferred policies.
        • vto 10.3.1.3

          30 June 2014 at 3:00 pm

          Srylands “You may wish it was not but the reality is it is (mostly) supplied by commercial companies. That is not going to change.”

          You posted that in response to my detailed reasons why power companies should not be commercial companies. I never said that they aren’t commercial companies, I said they should not be commercial companies, like plastic bucket makers are.

          Now srylands, see if you can answer the true point – namely the reasons why power supply should be treated as a base human survival infrastructure item rather than a commercial company, and stop being such an unclever dick.

          You sound like gosman and john with your simpleton ideas
    • hoom 10.4

      30 June 2014 at 10:29 am

      That is what Governments are supposed to do. Government has no business owning commercial businesses.

      Tell that to Singapore.
      Hint: http://en.wikipedia.org/wiki/Temasek_Holdings & http://en.wikipedia.org/wiki/Government_of_Singapore_Investment_Corporation
      The ownership of commercial businesses is absolutely key to the success of Singapore.

      returns on the powercos being greater than borrowing costs is unlikely to be true over the long term when adjusted for risk

      What risk? The NZ Powercos have pre-built, mostly renewable generation for which they don’t need to pay for fuel & a Market designed to generate competition in who can raise prices fastest.
      • freedom 10.4.1

        30 June 2014 at 10:33 am

        Singapore…mmm….sounds vaguely familiar
        Is that not the very country that John Key has repeatedly said he wants NZ to emulate?

        btw, that popping sound is srylands’s braincell exploding
    • One Anonymous Bloke 10.5

      30 June 2014 at 10:52 am

      Commercial businesses, no. Public utilities, yes.

      Trash the SOE model, it was ideologically driven garbage from the beginning.
    • framu 10.6

      30 June 2014 at 11:22 am

      ok – ive asked you this before – now im challenging you to provide an answer –

      thats right, “glove slap in the face i will see you on the morrow at dawn with the pistols”

      If all the roads were privatised – how do you change suppliers if you dont like the service you receive from the company that own the road outside your house?
      • One Anonymous Bloke 10.6.1

        30 June 2014 at 12:06 pm

        With a jackhammer and three or four handy mates.
        • framu 10.6.1.1

          30 June 2014 at 1:19 pm

          how much do you want to wager that SSlands wont take the challenge?
    • Draco T Bastard 10.7

      30 June 2014 at 6:05 pm

      Government has no business owning commercial businesses.

      Why? They’re better at it than private businesses and the society is better off because of it. Seems that having the government own commercial businesses is a great idea.

      But you are happy for the Government to take risks with taxpayers money,

      But there was no risk in the power generating assets as the government cannot let them fail. Same as the government couldn’t let rail fail and so had to buy it back after private businesses ran it into the ground.
11. Brendon Harre 11

    30 June 2014 at 10:29 am

    I have a different take on this roads announcement. I think Key spent $200 million on regional roads strategically spread across the country so he could scare regional voters that if they do not vote National then they would not get any new roads because the Green party hates roads. He knows that some of those projects do not make sense and the ones that do make sense NZTA would have completed quickly anyway.

    What this adds up to is John Key spent $200 million to pick a fight with the Greens….
    • BM 11.1

      30 June 2014 at 10:42 am

      I do agree in a way.

      Wouldn’t say it’s picking a fight but starting a fight between Labour and the Greens.

      Greens are going to no doubt come out say these roading projects are shit and they wouldn’t happen if the greens are in power.
      Labour has to either act neutral where Key can play the tail wagging the dog card or Labour has to disagree with the greens and then Key can play the dysfunctional/infighting card.

      Clever politics.
      • KJT 11.1.1

        30 June 2014 at 11:54 am

        Actually, the Greens have been saying that upgrading local roads is more helpful than more highways for giant trucks. Which are economically and environmentally inefficient, compared to the alternatives..
      • Tracey 11.1.2

        30 June 2014 at 12:10 pm

        which would be fine if it were a game instead of our money and our children’s futures
        • BM 11.1.2.1

          30 June 2014 at 12:25 pm

          At least we end up with something useful that every one gets to use, unlike that POS train set that Cullen brought at a grossly inflated price.

          KiwiRail was bought for $665 million. That figure then turned out to be $690m, plus other spending commitments, and ongoing preferential treatment for Toll’s trucking business at the expense of New Zealand- owned competitors (so much for supporting local business). This failed policy has already cost the taxpayer about a billion dollars.

          KiwiRail has been subsequently valued at $369m. This was an upfront loss to the taxpayer of $321m – a loss of almost a million dollars a day for a year after the purchase. Put another way, $320m of taxpayers’ money was spent for value that never existed.

          http://www.stuff.co.nz/dominion-post/comment/2850079/KiwiRail-mired-in-Labour-ideology
          • Tracey 11.1.2.1.1

            30 June 2014 at 12:53 pm

            Yet you conveniently leave out Prebble the Mastermind of ACT who remembers the very day he began thinking and which was, unfortunately a long time after he sold our rail so cheaply and so badly

            http://www.converge.org.nz/watchdog/31/09.html
          • KJT 11.1.2.1.2

            30 June 2014 at 2:20 pm

            Leaving out the cost to NZ business, including farming, mining and forestry of, Not having rail, of course.

            Considerably more than 300 million dollars.

            Another RWNJ who cannot conceive of two sides to a ledger.

            Though I may agree that Labour should have just let the share value collapse and nationalised the rails.
12. Delia 12

    30 June 2014 at 10:41 am

    I am glad you raised the issue of the Southern Link road in Nelson which I have been actively opposing for 14 years now. Nick Smith is happy to roll a nasty road through the only Labour area in Nelson. Well that figures. Nick Smith only represents the blue areas of Nelson.
13. dimebag russell 13

    30 June 2014 at 10:52 am

    oh well.
    the national party is on the road to nowhere so their desperate floundering is indicative of the lack of substance and proper planning in everything they do except lining their own pockets.
    • fisiani 13.1

      30 June 2014 at 11:27 am

      Do you really believe that the National party is floundering? Lining their own pockets…..do you realise how ridiculous that is? The National party is aiming for 50% support. That would be the highest vote ever recorded under MMP. If that is floundering then give me more. Labour is aiming for 30% ie more than it got last time.
      These roading improvements are popular and provide employment. They are opposed by the Greens. The Greens hate roads. Labour are tied to the hip with the Greens. The Greens are unpopular in the regions. The Greens actually get their support in the very ungreen centres of cities. Aro Valley is a good example. If the Greens get in then the roads will not be built. If you want roads then you need to Vote National to stop the Greens..Current support for National is approximately 50% but the goal is to raise it well above 50% by getting the complacent supporters to turn out. This roading announcement is almost as popular as giving free doctors visits and prescriptions to under 13’s.
      • joe90 13.1.1

        30 June 2014 at 11:36 am

        Promising faster pron was a fizzer so they had to do something fizzy.
      • blue leopard 13.1.2

        30 June 2014 at 11:48 am

        National + their friends are on something under 50% and the Labour + their friends are on something over 42+% support – you know it, we all know it so why spread untruths on the matter by comparing National’s results to only one left wing party?

        Do you feel the need to deceive people to shore up National’s floundering support?

        It certainly looks that way from where I am sitting.

        As for the Greens – it might be difficult for you to grasp – but the Greens have policies that think ahead – i.e. they don’t hate roads they want to move toward more sustainable forms of transport which tends to make them less supportive of pouring money into roads because we need that money for developing other ways of moving about and transporting things.

        As for attitudes toward Greens in the regions – I really don’t know whether what you say is true or not – probably it is a stretch of the truth. But whether support exists or not in the regions for the Greens says nothing about how valid/advantageous Green policies are, it says more about how long it takes for perceptions/attitudes to shift. It takes a lot of time for people to shift their attitudes – in this case it is about shifting one’s thinking to incorporate environmental concerns into political/financial decisions. One thing is for sure – the Greens support is increasing – so it would seem that this shift is finally starting to take effect. How scary that must be for people who make a living by externalizing the costs of the environmental damage they create.
      • cogito 13.1.3

        30 June 2014 at 11:49 am

        @fisiani

        What utter rubbish. If you actually believe what you wrote, you are a very sad and brainwashed specimen who hasn’t developed beyond parrot status.
        • One Anonymous Bloke 13.1.3.1

          30 June 2014 at 12:11 pm

          Fisiani is a recidivist tr*ll who authors fire-and-forget flame bait commingled with blatant lies, then makes no attempt to engage in anything resembling reasoned debate.

          A study in irrelevance and vacuity.
      • dimebag russell 13.1.4

        30 June 2014 at 11:52 am

        they just like you fishy.
        you think because you can get in your car and turn on the throb that you are free and you are going somewhere.
        nuh you just going back to where you cane from.
        under a a rock.
      • Tracey 13.1.5

        30 June 2014 at 12:13 pm

        I agree support for National is high but you are misreading the polls if you think they say 50% would vote for national tomorrow, or even today. It is only 50% if you discount undecideds which are pretty high right now.

        Colin Craig, Hairdo and Unclecousin will be on national’s hip… we know hairdo will go to highest bidder, and stay even when he is shafted. Unclecousin is really just the bastard son of national so that’s a shoe-in… and then there is

        I want to legally hit my children, make my wife have a child, stop gay people getting married or having civil unions, halt chemtrails from planes, find out if the moon landing was a conspiracy, have no sex education or anti rape education in schools, ….
        • fender 13.1.5.1

          30 June 2014 at 1:11 pm

          ….and make every school a charter school, as Unclecousin insisted over the weekend,…
          • Tracey 13.1.5.1.1

            30 June 2014 at 1:21 pm

            “School boards should be allowed to opt out of control by the Ministry of Education, and be bulk-funded according to the number of students they can attract, he said.

            School boards that wished to stay under Ministry of Education direction could choose to do so, Mr Whyte said.

            “However, I expect that a large portion would choose to be free. And that we would see dramatic improvements in the performance of schools, especially those teaching children from poor families.”

            The party also wanted to slash the number of bureaucrats working in the Ministry of Education, and give the saved money to schools.”

            The problem is they want to take taxpayer money but not be accountable for it. Teachers without training in teaching, and no obligation to publish their annual test results… Private schools do not have to post its annual test/exam results in tables as public schools do.
14. dv 14

    30 June 2014 at 12:43 pm

    Oops
    http://www.stuff.co.nz/national/politics/10215096/Govt-fixes-bridge-then-replaces-it

    bridge undergoing $100,000 repairs will be replaced as part of the government’s roading package.
15. mickysavage 15

    30 June 2014 at 12:45 pm

    And the details are starting to come through.

    The Government has just finished spending $100k to strengthen and “future proof” the Motu Bridge between Gisborne and Opotiki and now it is going to tear it down and replace it with a new bridge.

    According to Stuff and local councillor Manu Caddie (http://www.stuff.co.nz/national/politics/10215096/Govt-fixes-bridge-then-replaces-it)

    “The project should not have been a priority, he said.

    The bridge had only 900 vehicle movements a day and its being one-way was not a major inconvenience.

    “They’ve just spent 100 grand to future proof it for 25 years,” Caddie said.

    “Even the local industry people here are saying that it’s not an issue for them, they don’t ever have to wait on that bridge and there’s never been an accident on it so they’d rather see the money going into other priorities.”

    The $3m to $5m cost to replace the bridge, with construction due to start next year, was a “massive investment while there’s other more pressing priorities in the region”.

    “I’d be surprised if it gets many votes because I think locals would say that SH35 [around the East Cape], the condition of that road is a much higher priority.”

    Projects on that road, which the Government also announced it would build more slow vehicle bays on, had been under way for 10 years, Caddie said.

    Gisborne District Council and the NZ Transport Agency were in the process of identifying which local projects should be prioritised before putting those decisions out for consultation.

    “And this decision has undermined that process,” he said.”
    • fender 15.1

      30 June 2014 at 1:05 pm

      Like “Average as” says in the comments:

      “This wont be an issue as its National wasting money. #60billionborrowed”
16. Sabine 16

    30 June 2014 at 2:48 pm

    Gerry Brownlee…..would that be the same Brownlee of the We are not going to re-build CHCH unless we are forced to?

    Because if it is, we need not worry about roads of any significance anywhere, the man so far has got nothing to show for.

    Really

    However anyone talking up the fact that Taxes are up under National? Fuel Tax going up from 1st of July….maybe all this road talk is just to drown out the moans from the peeps at the gaspump.
17. philj 17

    1 July 2014 at 11:18 am

    xox
    I see corners smoothed out on some main roads on North Island highways at significant costs. Its like we can’t drive around a bend? A lot of what I see looks like a cosy deal between the Road Transport Association( Ken Shirley) ,
    Downers construction, Fulton Hogan and The NZTA. A grandiose make work scheme for the Governments corporate backers. Corporate Fascism , the corporates tell the government what to do. Sky Convention centre, Rio Tinto, Warner Bros, Fletchers, Fonterra etc. The Bankers are the worst. Keep our banking profits in NZ by boosting Kiwibank and tell the bankers in Oz that we have woken up.
18. Gosman 18

    1 July 2014 at 11:24 am

    Not used to pork barrel politics of this size??? Is this because they normally expect it to be bigger like interest free student loans?
    • One Anonymous Bloke 18.1

      1 July 2014 at 11:35 am

      No, Gosman, that’s just a clue, a little reality-hint nagging at the low-quality right wing brain, that students loans must be scrapped completely because they’re yet another example of low-quality right wing policy failure, just like building the same bridge twice.
19. Craig 19

    4 July 2014 at 9:24 am

    Popped into a Russell Norman election meeting last night. He suggested a better name might be “roads of National Party significance.” 🙂

Links to post

1. Provincial councils not happy over roads. - The Standard: posted on 30 June 2014 at 1:40 pm

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