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Prepare for another delay on that brighter future

Written By: - Date published: 8:12 am, January 19th, 2012 - 89 comments
Categories: Economy - Tags:

NZIER: economy flat-lining
Consumer confidence: down 11 points
Employment confidence: negative
International tourism: down another 3.3%
2012 growth in NZ: cut in half since Budget
World growth: slashed from 3.6% to 2.5%
Chance of NZ recession: 20% and rising
PM and Finance Minister: MIA

89 comments on “Prepare for another delay on that brighter future”

  1. Colonial Viper 1

    1) I’m amazed they are factoring in world growth at 2.5%. That seems high. It must rely completely on the BRICS countries. And China in particular has serious problems there. If the number was based on OECD countries only I suspect it would be 2% or less. Australia is now seriously slowing down.8How do countries (and individuals) pay back debt costing them between 3% pa (NZ) and 7% pa (Greece) relying on 2% pa growth?

    That’s right, they can’t. The world’s debt based private money system is going down the tubes.

    2) Never mind Key and English; Peter Dunne is in power and will save the day.

  2. vto 2

    Look, you silly eggs, listening to the World Bank’s projections on world growth is like listening to a real estate agent’s view on the housing market.

    The World Bank is in the business of growth. Without it they cannot survive so of course they are gong to spruik the situation. As always, follow the money.

    They have no credibility.

    btw, imo there aint no growth at the moment. Anywhere. They deceive.

    • Colonial Viper 2.1

      Yep. And both the World bank and the IMF are technically insolvent themselves. As are many of their member contributing/funding states.

      • Janice 2.1.1

        Yes and we have just borrowed from overseas banks (I presume as we haven’t much spare money ourselves from government accounts) $87 million to pay our “share” to the IMF to help bail out Greece. Presumably this money will then be paid back by Greece to the overseas banks and we will be stuck with the interest payments. Nice way to keep the money go round going and spread the rot.

      • Fotran 2.1.2

        CV

        Yes, they are insolvent, but I bet they have enough money left to pay themselves

    • King Kong 2.2

      Must take a fair bit of time and money monitoring the economic indicators and researching the growth potentials for every country in the world VTO.

      I trust that you carried out at least a little bit of research rather than just plucking that statement out of your arse.

      Maybe just a hint of irony with the references to credibility?

      • Colonial Viper 2.2.1

        Go back to primary school mate. We’re trying to have a serious conversation here.

      • vto 2.2.2

        Follow the money Little Kong. Surely you can see the conflict inherent in the World Bank commenting on world finances. I mean, would you believe everything a real estate agent would tell you about a house and the market if you were considering the purchase of the house being sold by that agent?

        It is a very simple matter and principle that has been applicable to near all human actions ever since humans sarted actioning.

    • Jenny 2.3

      World debt at over 200 times the size of total world GDP, is the biggest financial bubble of all time.

      The only question is, when will it burst?

      Meanwhile, back in Godzone, in the public discourse on the economy, at least one mainstream political party is putting all hope on “growing the pie”.

      How can Paul Shearer believe in this myth? When all his advisers, if they are worth their salt, will be giving him the real picture.

  3. dan hansen 3

    “World debt at over 200 times the size of total world GDP, is the biggest financial bubble of all time”

    The fact you believe that is a good example of how economically ilterate some of the left are…

    • Colonial Viper 3.1

      She’s counting unrealised derivative liabilities as well as other off balance sheet liabilities.

      I personally think her estimate is a tad high but by less than an order of magnitude. The point remains the same. The world has now accumulated more debt than future economic production and labour can ever pay back.

      And one of the oldest rule of finance: debts which cannot be paid back. Will not be paid back.

      • dan hansen 3.1.1

        No shes not – she has taken the true figure of 200%, mis read it and written 200x (see below link under 3rd chart)

        …and not had the ability or underlying sense to figure out its no way that its 200 x.

        http://www.zerohedge.com/article/total-global-debt-has-double-over-200-trillion-2020-preserve-economic-growth

        As an aside i highly doubt the unreleased derivatives at 200x global GDP – i suspect its more in the order of 10x…

        EDIT: shock horror the answer (deviatives as % of GDP) is roughly 10x not 200x http://www.wilmott.com/blogs/satyajitdas/index.cfm/2011/1/24/Derivative-Regulation-Dances–Part-1

        • Colonial Viper 3.1.1.1

          The true figure is NOT 2x global GDP!!!

          Sorry mate I already noted that she has used too high a number. But your wilmott link uses a 2008/09 numbers which do not include the full impact of QE and other shadow banking system loans from the Fed.

          And it doesn’t take into account the hyper-rehypothecation scam.

          In other words, whether you argue that total potential liabilities sit at 10x, 20x or 30x global GDP, you are merely arguing whether the Titanic is sinking in one hour, two hours or three.

          • vto 3.1.1.1.1

            Wha’s the “the hyper-rehypothecation scam”?

            • Colonial Viper 3.1.1.1.1.1

              http://www.zerohedge.com/news/kyle-bass-rehypothecation-and-other-keynesian-endgame-scenarios

              Imagine you get a mortgage to buy a home. Your home is treated as collateral by the bank. If you default on your mortgage payments the bank can hypothetically take possession of your house and make good on their loan to you.

              Now imagine if the collateral that your house represents was then used as collateral itself by the bank, to secure loans and leverage for itself. After all, both your promises to pay the bank back its loan over time backed by the underlying collateral of the house can be considered safe assets which the bank can choose to leverage off (get credit from) other financial institutions with.

              Now imagine if those other financial institutions, having been promised your house as collateral if your bank ever goes bad on that credit they have been given, decides to use that promised collateral as collateral themselves to gain further leverage into the financial system.

              And so on.

              The end effect is tens of millions of dollars worth of debt and potential derivative liabilites, hypothetically secured by a collateral chain which ends up back at your $400K house.

              Here’s the bad news. When things go wrong, and everyone suddenly becomes very interested in collecting down the chain for their collateral. But finds that there is fuck all there to offset total realised liabilities because the leverage on a single piece of collateral – your home – as become as near to infinite as makes no difference.

          • mik e 3.1.1.1.2

            The derivative food and commodity market is due to collapse soon like every other economic bubble has burst.

        • Jenny 3.1.1.2

          ….she has taken the true figure of 200%, mis read it and written 200x (see below link under 3rd chart)

          dan hansen

          Oops, I meant to type 20x.

          I was suffering from shock.

          My only excuse is that my mind had boggled at reading this figure, and in my panic my fingers typed the conflated figure.

          Sorry for that, my weakness is, that occasionally I suffer from panic attacks. And this time I was deeply shocked and truly alarmed at the enormity of the problem.

          Thank you Dan for correcting my error.

          My apologies to everyone.

    • prism 3.2

      dan hansen
      “World debt at over 200 times the size of total world GDP, is the biggest financial bubble of all time”
      The fact you believe that is a good example of how economically ilterate some of the left are…”

      And the fact that you are just questioning and deriding the figures produced is a good example of how uninterested you are in how bad the real figures and real situation is through malicious and unscrupulous manipulation of the financial system. You don’t care though. You will still be arguing about the level of disaster – whether it’s a grade one or ten – when it arrives in its full entirety to wipe out most of the personal prosperity relying on this system.

  4. Jenny 4

    As the world economy contracts. Instead of aspirational talk about growing the pie. Shearer should be preparing our side for the coming recession.

    No more bail outs for the rich.

    Bailing out all our children in poverty already.

    Removing GST off all food.

    Reversing the Nats increase in GST.

    Bring in a FTA to catch the financial speculators who are running our economy over a cliff.

    Increase the top tax take for those living in absolute overabundance while many are facing absolute ruin.

    • John D 4.1

      There was an interesting interview on Stratos a while back with the President (or PM?) of Iceland. When they defaulted they didn’t bail out the banks and all the private investors took a haircut.

      The main thing is that they got the IMF off their back, and are still living as a free country (unlike Greece and Italy who have their puppet leaders installed by the banks)

      I think there are some laws around non-government bailouts of banks in NZ. Mind you it didn’t stop SCF or those dodgy finance companies.

      • Colonial Viper 4.1.1

        You”re facts on the NZ situation are a bit out. Labour introduced legislation backstopping the banks in the immediate aftermath of the GFC.

        Problem was that National mismanaged the process and cost the tax payer over a billion dollars by backstopping SCF speculators and scammers.

      • Jenny 4.1.2

        The reason democracy in Greece and Italy has been suspended, is because the people were calling on their respective democratically elected leaders to do an Iceland as well.

        In Greece the bankers (and the CIA) also spread threats and rumours of an armed military coup if the bankers didn’t get their way.

    • Draco T Bastard 4.2

      Shearer should be preparing our side for the coming recession.

      This is what Shearer and all politicians should be looking at. Won’t happen though as they’re all too tied into the delusional growth meme needed to maintain capitalism.

      • Colonial Viper 4.2.1

        And its not a coming “recession”. The term indicates a regular down business cycle expected to pick up again in a year or two.

        This is our entry into a Great Depression. For tens of millions of Americans and millions of Irish, Greeks and Spanish its already started.

        And since asset/debt deflation driven Depressions tend to continue on for 10-20 years (we are about 4 years into that now), by the time we have a chance of coming out of it – energy depletion will be severe.

        My pick – there will be no net economic growth per capita for a generational time span.

        Our economic world is no longer driven by business cycles. A major secular change is playing out before our eyes. I ask you – what does a world economy labouring under peak oil look like. And I answer you in turn: just look around.

  5. blue leopard 5

    Draco T Bastard,

    Is there an alternative to the delusional growth meme? I’d like to know more. Any good links you recommend?

    • Draco T Bastard 5.1

      Try reading the link I posted but generally speaking we’d need:

      1.) Zero population growth
      2.) A good estimation of the carrying capacity of the country (How much resources per time period we actually have available)
      3.) No interest rates (They’re the main driver of growth)
      4.) Democratically distributed resources

      • John D 5.1.1

        Don’t we already have zero population growth? (Excluding immigration)

        I thought NZ was one of the few western countries where we are breeding at replacement rate. Most European countries are breeding at less than replacement rate.

        • Colonial Viper 5.1.1.1

          Why do you exclude immigrants. Do they not use land water and food. Seriously you should check out the Stats projections out to 2028 and 2031.

          • John D 5.1.1.1.1

            “Why do I exclude immigrants”. Because I am referring to the birthrate.
            I am referring to the replacement rate of the current population.

            Sure, we can stop immigration and maintain a steady state economy. Go for it.

    • Colonial Viper 5.2

      http://steadystate.org/

      Static state economy. Impossible in a debt based capitalist system where continuous interest charges on money lent into existence demands ongoing growth to pay it back. Without growth in such a system – massive debt burdens arise and loans become unrepayable.

      • Peter 5.2.1

        Not quite. I think too many people assume that the debt-based / interest-bearing money system is axiomatic, and that some giant revolution is necessary to change it. It’s not – we lend money at interest and create debt simply because for 400 years, it worked!

        Each year, more energy was extracted from the earth than the year before, allowing the debts, with very few exceptions, to be repaid, or at least serviced acceptably. As the world’s energy supply runs down, back to renewable levels, the financial system, or the “tertiary economy” to borrow a term, will adapt.

        That adaptation will happen, it’s just whether it happens in a humane way or not that is my key question.

  6. All bodes well for the future of the Labour/Green ponzi savings scam doesn’t it?

  7. Bill 7

    I sometimes wonder what ‘brighter future’ it is that people envisage under a continuation of trade dictated by market principles. There is no brighter future down that particular route, is there?

    Correct me if I’m wrong, but the market’s profit motive trumps environmental concerns such as climate collapse and whatever other negative environmental consequences economic growth ‘gifts’ to us.

    And as workers and consumers the economic chains that bind us to this screeching train wreck of an economic system are gouging and debilitating us. The days of supposed personal advancement through a general increase in material well being are gone. Now-a-days, success is reasonably viewed as an ability to tread water.

    Should we really lament this possible slow passing of such a state of affairs? Is it in any way useful or empowering to hark on about the supposed financial mis-management of a hopeless situation and yearn for a brighter future from what is, as said above, a screeching train wreck?

    Surely any ‘brighter future’ comes after the wreckage has come to rest…although I can’t see how ‘brighter’ flows from societies that have been laid to waste.

    Perhaps more realistically, a brighter future comes through seeking and formulating strategies whereby we can, individually and collectively, extracate ourselves from this tumbling morass. And realistically, that cannot involve any forlorn appeal to existing centers of authority and power. Their continuation is, afterall, necessarily and inexorably bound to the status quo or some slight variation there of. So much so, that where once power was secured by keeping people mollified through increased materialism, power will be secured through increasingly repressive means. And the same screeching, tumbling economic wreckage will continue to unfold, all the while ejecting ever greater numbers of us from it’s confines (even as we cling ever tighter and fearfully to it’s edges) into a wider, unresourced and unorganised world of uncertainties and insecurities.

    So there it is. Maybe we should simply place our faith in a new configuration of the same powers espousing essentially the same values and holding the same goals as the ones we are increasingly disenchanted with and wait for the ‘good times’ to roll again?

    • Colonial Viper 7.1

      The down side of the future is a potential return to an oppressive feudalism.

      There is still a chance for Greer’s “eco-tecnic future” to come about.

      Correct me if I’m wrong, but the market’s profit motive trumps environmental concerns such as climate collapse and whatever other negative environmental consequences economic growth ‘gifts’ to us.

      Its worse when major shareholders are foreign, ten thousand miles away, and who will never see the waterways which are clogged up with pollution and our communities falling into poverty because of capital extraction and expatriation.

      • prism 7.1.1

        The Nigerians set themselves on fire spectacularly trying to siphon off a bit of the oil natural resource their area produces, in lieu of any worthwhile monetary value returning to them. At present we in NZ are not reduced to that dangerous expediency but farmers are having stock regularly siphoned off their large holdings, and some of these are owned by overseas interests.

        There are probably no go areas on some farms where there is marijuana growing and man traps to protect it. Just not as much publicity about farm problems as comes when people are killed and injured on the roads, safer news to report.

      • Bill 7.1.2

        I don’t buy into the ‘foreign shareholders bad’ argument. I mean, are you suggesting (for example) that NZ owned paper mills gave a flying monkey’s about the state of the rivers any more or less than if they had been owned by foreigners?

        People are people. And people seeking returns from market driven modes of production and distribution are bound by the same market rules, regardless of their or their businesses location.

        Have any business types anywhere, bar a damned few, given much of a toss about people falling into poverty? Isn’t it the disparity between the wealthy and the poor that motivates some in the first place and that retrospectively justifies their actions in many cases? (The supposed necessity of their activities/actions given the threat of potential poverty?)

        • Peter 7.1.2.1

          There is actually a strong case to be made for foreign owners actually improving on kiwi management, due to either having more capital to improve on business practices, or simply, just caring more.

          The large dairy farm in the Maniototo at Patearoa is a case in point. Since being bought by Harvard University’s endowment fund, it has seriously improved its environmental performance.

          • insider 7.1.2.1.1

            US companies IME like to do things the same way. If US law says X is the standard then that becomes the standard globally. Seems to be a risk management issue around litigation. That can bring a range of improved standards quickly into our market that we’d take years to develop. On the negative side it can be very burdensome in terms of compliance cost to impose global systems locally just because of scale issues – hammer to crack nut.

            • Bill 7.1.2.1.1.1

              If US law says X is the standard then that becomes the standard globally.

              Uh-huh. So no US firm would deny the right of workers to bargain collectively?
              No US firm would tacitly support the killing of unionists?
              No US firm would attempt to circumvent any country’s environmental legislation?
              No US firm would knowingly produce any harmful product anywhere or distribute said product anywhere?
              No US firm would conspire to overthrow any country’s democratically elected government?
              And so on?

              ‘Cause them’s all comprised of law abiding ‘good guys’?

  8. randal 8

    yes nz is still an areaof recent settlement and the coupon clippers dont give a stuff as long as the limo is there to take them out to the ritz for morning tea.
    in the immortal words of alfred e neuman….yetccccch.

  9. prism 9

    Lunchtime quote from World Bank economist Luke Riordan? that the ‘contagion’ from the European economic difficulties could lead to recession. No mention of the USA – everything that’s bad in our world economy now is connected only with Europe if you listen to the commontaters – potato heads all.

    • Colonial Viper 9.1

      Japan is going under before long. Europe this year – Japan year after next?

      • prism 9.1.1

        Surely not Japan – they are well known savers and if we only saved we and our economy would be marching into a bright future together?

        • Colonial Viper 9.1.1.1

          Quite correct. And that savings mentality is why the Japanese govt can still afford to operate at a debt to GDP level of 200%.

          HOWEVER they are now in a situation where approximately 49% of every tax dollar they obtain is spent in debt servicing.

          If Japan’s rate of borrowing goes up from 2% to 4%…its sayonara.

  10. james 111 10

    Yes its tough times all right ,and im sure everyone is glad we have a fiscally prudent Government in control. One that knows how to pull us out of the bad times . Versus one that just wastefully Consumes money as fast as it comes in. I think most people would back a Government with people in its ranks with considerable business skills , versus a would be government that is full of Teachers ,accademics ,and ex union delegates

    • vto 10.1

      What business skills does John Key have? I don’t recall he has ever owned a business, let alone created one from scratch. None.

      Bill English? None.

      Gerry Brownlee? School teacher. None.

      Nick Smith? None.

      David Carter? Well, considerable inherited wealth and capital movement skills I suppose, but they are very different from business skills.

      Steven Joyce? Perhaps, although look at what that led to…. dodgy taxpayer favouritism loan to the people who bought his business. Not good.

      What experience have these people got in “pulling themselves out of the bad times”? Perhaps you could be more specific. Or just continue to waste time and space.

      • John D 10.1.1

        If they were successful in business they wouldn’t be in politics

      • insider 10.1.2

        ” John Key have? I don’t recall he has ever owned a business, let alone created one from scratch.”

        So you have to start or own a business is the rule of business man definitions? So all those CEOs/GMs/MDs etc are basically irrelevant is what you are saying…not qualified as a ‘Businessman”. BTW KEy owns a vineyard, so miraculously now passes your test.

        “David Carter? Well, considerable inherited wealth and capital movement skills I suppose, but they are very different from business skills. ”

        Carter started his own company to do with artificial insemination/embryo transplant in cattle. Last I heard farming was a business too. Maybe do some research rather than doing off the top of your head?

        “Steven Joyce? Perhaps,… ”

        Perhaps? he started it. He owned it. He ran it. What will it take to get a qualification from the VTO school of Business?

        • Draco T Bastard 10.1.2.1

          So all those CEOs/GMs/MDs etc are basically irrelevant is what you are saying…

          Yep but for different reasons. Those CEOs, GMs and MDs are no better connected to reality than is National and Act.

        • felix 10.1.2.2

          “So all those CEOs/GMs/MDs etc are basically irrelevant is what you are saying…not qualified as a ‘Businessman”.”

          Yes, in this context. Most are entirely unconnected with running or owning the business they work for.

          “BTW KEy owns a vineyard, so miraculously now passes your test.”

          Really insider? How on earth could you possibly know what Key owns?

          • Colonial Viper 10.1.2.2.1

            A businessman puts his own money on the line.

            Whereas Key made his fortune gambling with other people’s money.

            John Key is roughly as much a businessman as an able card dealer at the casino.

            And now, Key’s just a capitalist owner. If he does own shares in a vineyard – so what. He doesn’t do any of the hiring and firing, he doesn’t have to get up in the middle of the night to check on the frost, he doesn’t have to negotiate contracts with the big wineries.

            He simply owns, while actual workers get on with doing all of that boring tedious stuff.

          • Jum 10.1.2.2.2

            Felix,

            ‘“BTW KEy owns a vineyard, so miraculously now passes your test.”

            Really insider? How on earth could you possibly know what Key owns?’

            LOLZ.

            His name is ‘insider’ Felix. Nod, nod, wink, wink.
            Key “I have a blind trust”. (crosses fingers behind his back and the nose grows ever longer…)

          • Hami Shearlie 10.1.2.2.3

            Maybe this information should be passed on to John-John – he claims not to know what he owns! Now at least we know that SOMEONE knows!

          • insider 10.1.2.2.4

            Because I read it right here in the Standard… proof of your hotline to the beehive mayhap?
            http://thestandard.org.nz/amazing-coincidences/#comment-273824 http://thestandard.org.nz/open-mike-19122011/#comment-419303

            • felix 10.1.2.2.4.1

              Irony is completely wasted on you isn’t it?

              • Jum

                Felix,
                And while I was checking insider’s wee links to say The Standard informed him I discovered a piece about John Key’s blind trust, the ‘something Cow’ with his wife and himself owning thousands of shares. At the bottom of the form it stated all shareholders had voted not to have an auditor. How can you vote to not have an auditor if you don’t know you have shares.

                Interesting too, is that the vote on having your business audited or not does not have to be notified to the Companies Office now.

      • mik e 10.1.3

        Conmankey
        Double Dipstick
        Bully brownoselee
        Philandering smith

    • Colonial Viper 10.2

      One that knows how to pull us out of the bad times . Versus one that just wastefully Consumes money as fast as it comes in.

      You are a silly billy.

      Money can’t be destroyed (unless you pay back a bank loan). Money either circulates or it is hoarded (usually by the few and the wealthy).

      If money circulates the normal activities of commerce, business and living can be conducted easily and quickly.

      If money is hoarded out of the community into the hands of a few – communities starve. Because in our capitalist system very little activity can occur without the exchange of money.

    • Draco T Bastard 10.3

      Wow, you really are living in Lala Land. That “fiscally prudent” government has increased debt by about $18b over the last couple of years, hasn’t increased the nations income any (in fact I wouldn’t be surprised if it had gone down) and is building roads with B/C ratio of less than one when the figures they were using were more favourable which Peak Oil has now shown as complete twaddle.

      • Colonial Viper 10.3.1

        But its all the GFC’s fault! Nothing that a free market worshipping Govt can do against the wisdom of the markets!

        Amazing Key and English have done so well when Cullen left such a mess of deficits and debt for the incoming National Government!!!

        lol

      • prism 10.3.2

        It seems strange that the NACTS are basing our continuing economic activity on repairing the bad results of disasters such as Canterbury. The rehashed methanol plant will employ about 120 full time employees as contractors while they are checking, repairing and preparing for opening. Then there will be a core of full time employees quite small I think and the rest contractors.

        Then there is road laning to be done before March, paid for by whom? It is all useful activity for feeding into national economic indicators. Has any economist come up with planned destruction as a means of keeping a tired economy in growth mode?

        • Colonial Viper 10.3.2.1

          I hear Libya has about US$100 billion of post-’liberation’ infrastructure repairs needed. That must be good for someone’s economy.

    • Jum 10.4

      james 111

      Your stupidity leaves me breathless.

      You are so LOL.

    • mik e 10.5

      jim anderton was the most successful businessman in parliament for years jturd.
      Labour has a much better record at running the economy jturd.
      Bills English the worst finance minister in the history of this country
      Double dipping double downgrade dipstick!

  11. randal 11

    the nashnil gubmint is not there for the good of the country.
    they are there to loot the states assets and anything else they can get away with.

  12. John D 12

    Why don’t we get rid of the ETS while we are at it? That is the biggest rip-off ever invented.

    A massive transfer of wealth from the citizens to corporations.

  13. John D 13

    This is where it gets crazy

    http://eureferendum.blogspot.com/2012/01/beyond-surreal.html

    The UK govt has to find 19billion pounds to fund the IMF. It has to borrow that and add it to its nearly 1 trillion pounds of debt.

    As the article says, beyond surreal.

  14. Jum 14

    So, the IMF is going to give money to needy governments, but first it has to extract the money from needy governments – fascinating.

    Also, corrupt, greedy, unnecessary…

    • mik e 14.1

      Then it imposes austerity on govts who,s taxes then decline needing an even bigger payout.
      Most of these countries are in the EU and can’t lower their exchange rate print money etc so they only have the austerity option.

    • Colonial Viper 14.2

      They’re not interested in extracting money from those indebted countries. Remember, the IMF and the World Bank are just operational tools of TPTB.

      Their job now is to facilitate sovereign asset stripping for their masters, allowing the global top 0.01% to take ownership of Greek assets for cents on the dollar.

      PS add the BIS and the CME to the list

      • Colonial Viper 14.2.1

        NB TPTB are aware that printed fiat dollars are ultimately worthless in an energy and physical resource constrained environment.

        Only hard assets count. Ports, energy companies, road, rail, productive land.

  15. randal 15

    germany 1920′s.
    ldc’s 1980′s.
    nothings changed.

  16. tsmithfield 16

    We are already in a much brighter future than most of the world.

    • Hami Shearlie 16.1

      Yep, it’s brighter here alright -but only from loss of ozone – all we get from the brighter future here is skin cancer and sunburn!!!

  17. james 111 17

    Do you believe that the Maritime union has got good support from the Labour Party on this issue seeing they donated $18500 to the Labour Party for the Election.
    Havent heard anything from Shearer yet

    • felix 17.1

      What what what???

      You mean the Labour Party isn’t just a political mouthpiece for it’s big donors?

      What kind of fucking politics do you call THAT?!?!

    • lprent 17.2

      You have an interesting view of the world. That the only reason to give money to political parties is to extract support from them? After watching The Good Wife recently, I’d have to call that as being so very American (or National party)….

      Tell me, do you apply the same viewpoint to donating to charities as well? Because that is the closest thing I know of to how most on the left (and many on the right here) view contributions to political parties.

  18. After reading all above I must say Im still rather confused on financial matters/ .So perhaps some one in the know would tell me how an American Firm of accountants can downgrade a vast country just by adding a plus or minus sign. Therfore creating mass unemployment. Its well beyond me,and who the hell are Standards and Poor?

    • Colonial Viper 18.1

      Standards and Poor, Fitch and Moody’s are part of the hired muscle in the bankster sovereign takeover scam.

      First the banksters get you, your country and your companies into debt and needing more debt. The price that debt comes at is determined by the mates of the Banksters, the credit ratings agencies (named above).

      You keep those mates sweet, and you can access further debt cheaply. You piss them off for any reason (or sometimes no reason) and they will make sure the other way you can access additional funds it by giving up an arm and a leg.

      At a given time, when TPTB decide they want to take over your country and your life, their mates the Credit Ratings Agencies will make it so hard for you to get additional funding, that your only way out is to get all your shit repossessed by your creditrs (the big banksters) at cents in the dollar. If you look at Greece, hard assets are what TPTB want these days. Ports, airports, roads, farm land, property, electricity infrastructure, virgin daughters, a people in intergenerational indentured servitude forever more.

      NB many pension funds and investment funds have rules stipulating that they can only invest in “AAA” rated investment assets. So TPTB paid the ratings agencies to give AAA ratings to a whole lot of toxic false assets which were then bought up by these pension funds, university endowment funds etc.

      Of course, the AAA ratings were a farce, and the banksters offloaded their toxic false assets on to the unsuspecting, at top dollar just in time before they blew up. Our pension funds get wrecked, while the banksters make a billion.

  19. foreign waka 19

    Consider this – The Fed is an independent corporation. It has been so since the 70′s. Their product is the US $, yes the currency itself is a commodity and traded as such. The American President has absolutely no influence over the nations financial future. To make sure that the recent loss of value of the US$ is regained in the world market the biggest impediment has to be removed: the Euro. Very successful until recently, even so much so that no one wanted to invest in the product of the Fed, hence the value kept dropping. Actual production value is not existent anymore in the States as all is contracted out to India and China so someone has to buy those bonds. China did and effectively has now the US economy by the short and curlies. This in turn has wider repercussion in the World Economy at large. Never in human history have people been so powerless as right now. So the question is whether the kids of the “greed is good” generation will and can make a difference. Because nothing short of a radical change is needed – in many ways.

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    Labour | 11-04
  • Is Judith Collins unapologising
    Judith Collins appears to have retracted her apology for failing to disclose her meeting with her husband’s fellow company directors and a senior Chinese border control official just weeks after being ticked off by John Key for not doing so, Labour...
    Labour | 11-04
  • Media Advisory
    There have been a few minor changes to the MANA AGM agenda. Moana Jackson is unable to attend due to family commitments. Speaking in his place on Saturday morning MANA is pleased to welcome Georgina Beyer and Willie Jackson. MANA...
    Mana | 10-04
  • Rest in peace Rubin ‘Hurricane’ Carter – despite the disgusting polic...
    Rest in peace Rubin ‘Hurricane’ Carter – despite the disgusting police racism and injustice you were undefeated...
    The Daily Blog | 20-04
  • Maori Party wine and dine invite
    Maori Party wine and dine invite...
    The Daily Blog | 20-04
  • For Simon Bridges – here’s the forest you forget
    For Simon Bridges – here’s the forest you forget...
    The Daily Blog | 20-04
  • Never forget the GCSB lies
    Never forget the GCSB lies...
    The Daily Blog | 20-04
  • The Empire strikes back
    The Empire strikes back...
    The Daily Blog | 20-04
  • God bless capitalism
    God bless capitalism...
    The Daily Blog | 20-04
  • Drone killings erode social constraint on using violence
    The drone killing of an (unnamed) New Zealander in Yemen should prompt us to look at the ethics of this practice. We’re told from birth that murder is wrong. Yet drone killings (as conducted by the Obama administration) convey the...
    The Daily Blog | 20-04
  • Labour’s first 100 days – where the messaging needs to be
    ‘The first 100 days’, an expression coined by President Roosevelt in 1933, is generally used to describe the successes and accomplishments of a government at the time when their power is greatest. During the 2008 election campaign, John Key issued...
    The Daily Blog | 20-04
  • Pharrell: a new brand of feminism?
    I think most people heard about how the song Blurred Lines featuring and co-written by Pharrell and performed by Robin Thicke (who has adeptly just been named “Sexist of the Year”) really pissed a lot of people off last year. ...
    The Daily Blog | 20-04
  • Why Easter holidays should always be mandatory and retail free
    The moaning from retailers that they can’t open the cash registers and worship the consumer culture of consumption over Easter bores me immensely because I’ve always believed that public holidays should be mandatory. It’s not that I really care about...
    The Daily Blog | 19-04
  • Why punish the parents of the disabled?
    Parents who have adult children with disabilities saw a glimmer of hope when the promise for payment for caring for their children was given. But like most things, the complicated and relentless bureaucracy of the whole process shows a completely...
    The Daily Blog | 19-04
  • Our government: still no idea
    Happy Easter everyone, bad weather aside. A previous post of mine was called “The Government with no ideas”.  Unsurprisingly, the theme of the piece was of a current government thoroughly absent of any creative ideas or solutions to assist more...
    The Daily Blog | 18-04
  • 12 things Forbes has to say about NZs about to burst economic bubble
    Forbes is not known for their socialist or left wing activism, so when they predict a grim economic failure, we should should collectively poo ourselves a little. National often get given this perception that somehow they are better economic mangers....
    The Daily Blog | 18-04
  • That Sinking Feeling: Labour’s urgent need for persuasive words and coura...
    THE LATEST ROY MORGAN POLL has Labour on 28.5 percent (down 3.5 percent) and the Greens on 11.5 percent (down 1.5 percent). At 40 percent, the combined vote of the two main centre-left parties has fallen 5 percentage points since...
    The Daily Blog | 18-04
  • Why the Labour movement should support a Universal Basic Income
    The Mana movement’s support of the idea of a universal basic income is a welcome development. It could become one of the litmus issues that define the party and prove extremely popular. If Mana are in a position to do...
    The Daily Blog | 18-04
  • Legal high and cannabis regulation
    I marched through Henderson last month with my fellow Westies to express our concern about the impact of so called “legal highs” on our community. Some people chanted loudly calling for banning, some expressing anger at the parliamentarians who voted...
    The Daily Blog | 18-04
  • Know your Tory fellow travellers and ideologues: John Bishop, Taxpayers Uni...
    . . On 19 March, I reported on the Board members of the so-called “Taxpayers Union”. With one exception, every single member of the Taxpayers Union Board was a current (or recent) card-carrying member or supporter of the National and/or...
    The Daily Blog | 17-04
  • GUEST BLOG: Daniel Bruce – Internet Party: What Seems Ridiculous To The O...
    Imagine you’re a 18-21 year old, from a working class family. You’ve never had a landline phone at home, because your parents can’t afford the fixed monthly bills, so everyone in your familiy has a pre-pay mobile phone. Because of the same tight...
    The Daily Blog | 17-04
  • Greens to push for housing standards in MOU with Government
    Source: Green Party – Press Release/Statement: Headline: Greens to push for housing standards in MOU with Government Tuesday, 28 Aug 2012 | Press Release We don’t need any more official reports. We know the problem and we have the plans....
    The Daily Blog | 17-04
  • Mighty River squanders $3.8m preparing for sale
    Source: Green Party – Press Release/Statement: Headline: Mighty River squanders $3.8m preparing for sale Tuesday, 28 Aug 2012 | Press Release New Zealanders do not want asset sales and they do not want the Government wasting millions of dollars on...
    The Daily Blog | 17-04
  • Government’s economic agenda on shaky ground
    Source: Green Party – Press Release/Statement: Headline: Government’s economic agenda on shaky ground Monday, 27 Aug 2012 | Press Release Instead of betting on a boom and bust industry and selling off assets the government needs to invest in a...
    The Daily Blog | 17-04
  • National’s tax cuts haven’t cut tax avoidance
    Source: Green Party – Press Release/Statement: Headline: National’s tax cuts haven’t cut tax avoidance Sunday, 26 Aug 2012 | Press Release It is not fair that many rich New Zealanders are cheating on their tax. National’s 2010 tax cuts, that...
    The Daily Blog | 17-04
  • Waitangi Tribunal report adds to crisis in asset sales agenda
    Source: Green Party – Press Release/Statement: Headline: Waitangi Tribunal report adds to crisis in asset sales agenda Friday, 24 Aug 2012 | Press Release In its rush to sell our assets, National has found itself in a crisis of its...
    The Daily Blog | 17-04
  • Privacy across all departments needs checking
    Source: Green Party – Press Release/Statement: Headline: Privacy across all departments needs checking Friday, 24 Aug 2012 | Press Release “People don’t have a choice about giving their information to the state so the Government has an absolute duty to...
    The Daily Blog | 17-04
  • Reports show Government role in driving ACC dysfunction
    Source: Green Party – Press Release/Statement: Headline: Reports show Government role in driving ACC dysfunction Thursday, 23 Aug 2012 | Press Release Restoring public trust and confidence is an essential goal and will require very major change starting from the...
    The Daily Blog | 17-04
  • Government must front up on full costs of asset sales
    Source: Green Party – Press Release/Statement: Headline: Government must front up on full costs of asset sales Thursday, 23 Aug 2012 | Press Release It’s time for the Government to front up over just how much these asset sales are...
    The Daily Blog | 17-04
  • New report: middle NZ worse off, inequality grows
    Source: Green Party – Press Release/Statement: Headline: New report: middle NZ worse off, inequality grows Thursday, 23 Aug 2012 | Press Release Our society has never been as unequal as it is today. New research from the Ministry of Social...
    The Daily Blog | 17-04
  • Government to delay addressing climate change indefinitely
    Source: Green Party – Press Release/Statement: Headline: Government to delay addressing climate change indefinitely Thursday, 23 Aug 2012 | Press Release “It would be a shock for any other Government to introduce such a self-defeatist piece of legislation but unfortunately...
    The Daily Blog | 17-04
  • Time to deliver on 26 weeks Paid Parental Leave
    Source: Labour Party – Press Release/Statement: Headline: Time to deliver on 26 weeks Paid Parental Leave Today marks two years since Labour MP Sue Moroney’s Bill extending paid parental leave to 26 weeks was drawn from the members’ ballot. “It’s...
    The Daily Blog | 17-04
  • Taxpayers robbed of $130m in Genesis sale
    Source: Labour Party – Press Release/Statement: Headline: Taxpayers robbed of $130m in Genesis sale Kiwi taxpayers have been robbed of $130 million by the Government in its final failed asset sale, says Labour’s SOEs spokesperson Clayton Cosgrove. “National set the...
    The Daily Blog | 17-04
  • Service for victims of sexual violence pushed out in cold
    Source: Green Party – Press Release/Statement: Headline: Service for victims of sexual violence pushed out in cold Thursday, 17 Apr 2014 | Press Release Christchurch cannot afford to lose this agency The Green Party is calling on Housing New Zealand...
    The Daily Blog | 17-04
  • Resignation rates among cops soar
    Source: Labour Party – Press Release/Statement: Headline: Resignation rates among cops soar The number of frontline officers quitting the police force is at a four-year high, with more than 350 walking off the job in the past year, Labour’s Police...
    The Daily Blog | 17-04
  • Work visa problems need monitoring
    Source: Labour Party – Press Release/Statement: Headline: Work visa problems need monitoring The Government is handing out temporary work visas to migrants to work in jobs that could easily be filled by unemployed Kiwi workers in the Christchurch rebuild, says...
    The Daily Blog | 17-04
  • Legal high ban worthy of wider pick-up
    Source: Labour Party – Press Release/Statement: Headline: Legal high ban worthy of wider pick-up Auckland Council’s ban on using legal highs in a public place is an excellent idea that should be replicated around New Zealand, says Labour’s Associate Health...
    The Daily Blog | 17-04
  • Smith sells state P-houses to first home buyers
    Source: Labour Party – Press Release/Statement: Headline: Smith sells state P-houses to first home buyers Nick Smith must reassure worried first home buyers that any Housing NZ houses sold under his First Home policy will be tested for P contamination...
    The Daily Blog | 17-04
  • Brazil: Human rights under threat ahead of the World Cup
    Source: Amnesty International NZ – Press Release/Statement: Headline: Brazil: Human rights under threat ahead of the World Cup     Protests in Brazil:Brazil Franciscan friar kneels in front of Brazilian riot police officers asking for calm during confrontation with Landless...
    The Daily Blog | 16-04
  • Brazil: Human rights under threat ahead of the World Cup
    Source: Amnesty International NZ – Press Release/Statement: Headline: Brazil: Human rights under threat ahead of the World Cup     Protests in Brazil:Brazil Franciscan friar kneels in front of Brazilian riot police officers asking for calm during confrontation with Landless...
    The Daily Blog | 16-04
  • Libya: Trial of former al-Gaddafi officials by video link a farce
    Source: Amnesty International NZ – Press Release/Statement: Headline: Libya: Trial of former al-Gaddafi officials by video link a farce     Saif al-Islam al-Gaddafi will face the courts on 14 April. © IMED LAMLOUM/AFP/Getty Images         Read...
    The Daily Blog | 16-04
  • Libya: Trial of former al-Gaddafi officials by video link a farce
    Source: Amnesty International NZ – Press Release/Statement: Headline: Libya: Trial of former al-Gaddafi officials by video link a farce     Saif al-Islam al-Gaddafi will face the courts on 14 April. © IMED LAMLOUM/AFP/Getty Images         Read...
    The Daily Blog | 16-04
  • Algeria: Pre-election clampdown exposes ‘gaping holes’ in human rights ...
    Source: Amnesty International NZ – Press Release/Statement: Headline: Algeria: Pre-election clampdown exposes ‘gaping holes’ in human rights record     Freedom of expression, association and assembly are under threat ahead of elections in Algeria. © FAROUK BATICHE/AFP/Getty Images    ...
    The Daily Blog | 16-04
  • Algeria: Pre-election clampdown exposes ‘gaping holes’ in human rights ...
    Source: Amnesty International NZ – Press Release/Statement: Headline: Algeria: Pre-election clampdown exposes ‘gaping holes’ in human rights record     Freedom of expression, association and assembly are under threat ahead of elections in Algeria. © FAROUK BATICHE/AFP/Getty Images    ...
    The Daily Blog | 16-04
  • Viet Nam: Prisoners of conscience released but dozens remain jailed
    Source: Amnesty International NZ – Press Release/Statement: Headline: Viet Nam: Prisoners of conscience released but dozens remain jailed     Vietnamese activist Nguyen Tien Trung was one of the prisoners of conscience released this week. © Private      ...
    The Daily Blog | 16-04
  • Viet Nam: Prisoners of conscience released but dozens remain jailed
    Source: Amnesty International NZ – Press Release/Statement: Headline: Viet Nam: Prisoners of conscience released but dozens remain jailed     Vietnamese activist Nguyen Tien Trung was one of the prisoners of conscience released this week. © Private      ...
    The Daily Blog | 16-04
  • PM’s China visit assisted Oravida, not Fonterra
    Source: Labour Party – Press Release/Statement: Headline: PM’s China visit assisted Oravida, not Fonterra Questions must now be asked whether it was Fonterra or Oravida who really benefited from the Prime Minister’s recent visit to China, Labour’s Primary Industries spokesperson...
    The Daily Blog | 16-04
  • New Zealand’s use of ozone depleting gases increases
    Source: Green Party – Press Release/Statement: Headline: New Zealand’s use of ozone depleting gases increases A new Government report highlights that the amount of ozone depleting gases New Zealand is using is increasing, the Green Party said today. The report...
    The Daily Blog | 16-04
  • The issues behind the possible MANA-Internet Party Alliance
      Last weekend Kim Dotcom spoke at MANAs AGM to discuss the possibility of the Internet Party and MANA Party working together to defeat John Key this election. As someone who knows both Hone and Kim, I have a unique...
    The Daily Blog | 16-04
  • Manufacturing Upgrade
    Source: Labour Party – Press Release/Statement: Headline: Manufacturing Upgrade   Labour is determined to support and grow our manufacturing sector. These policies grew out of the findings of the 2013 Parliamentary Inquiry into Manufacturing.   – The claims and opinions...
    The Daily Blog | 16-04
  • Get work on 29th and the ANZAC spirit deserts the TPPA
      Groser and co would have been spitting tacks last week as the ANZAC spirit deserted the TPPA negotiations. Australia has done a deal directly with Japan which undercuts the demand for Japan to opening all agriculture in the TPPA....
    The Daily Blog | 16-04
  • No fracking solution to climate change
    Some British tabloids and oil lobbyists have jumped on comments made by an Intergovernmental Panel on Climate Change author that fracking could play a role in addressing climate change as an argument for it here in Aotearoa, so is fracking...
    The Daily Blog | 16-04
  • At Last: A Manufacturing Policy
    Source: First Union – Press Release/Statement: Headline: At Last: A Manufacturing Policy Date of Release:  Thursday, April 17, 2014 Body:  FIRST Union congratulates Labour on the release of its Manufacturing policy today. The union represents workers in the wood, food and...
    The Daily Blog | 16-04
  • ACT Speech: Three Strikes For Burglary, Three Years Jail
    Last year there were more than 52,000 reported burglaries. According to the Treasury, for every 10 reported burglaries, there are another 12 that go unreported. This means there were more than 120,000 burglaries last year – or over 2000 a...
    Scoop politics | 21-04
  • Derek Leask: Media Advisory Re: Nigel Fyfe MOJ Appointment
    Derek Leask yesterday 20 April 2014 made the following observations in response to a media enquiry about the recently announced appointment of Mr Nigel Fyfe, currently Deputy Secretary at the Ministry of Justice (Legal and Operational Services and Legal...
    Scoop politics | 21-04
  • Oceans In The Spotlight At Election Year Oceans Forum
    The marine environment will be in the spotlight at an ‘Election Year Oceans Forum’ at Kelly Tarlton’s SEALIFE Aquarium on April 27 from 10.30-12.30. A panel of non-governmental advocates and scientists will outline challenges facing our seas, and MPs from...
    Scoop politics | 21-04
  • Himalayan Trust responds to Everest avalanche
    The Himalayan Trust has launched an appeal to help the families of the Sherpa climbers impacted by the recent tragedy on Eve rest, Nepal....
    Scoop politics | 21-04
  • Himalayan Trust responds to Everest avalanche
    The Himalayan Trust has launched an appeal to help the families of the Sherpa climbers impacted by the recent tragedy on Eve rest, Nepal....
    Scoop politics | 21-04
  • Tariana Turia: Labour doesn’t deserve our vote
    Maori Party Co-leader Tariana Turia told TVNZ’s Q+A programme that Labour doesn’t deserve the Maori vote. ‘I don’t believe they deserve our vote any more....
    Scoop politics | 20-04
  • Family Court Consumers Group appalled at legal rort
    Family Court Consumers Group appalled at Lawyer for Child's "1 meeting in 10 years" taxpayer funded legal rort...
    Scoop politics | 19-04
  • Manufacturing Matters to New Zealand – 17 April
    The Labour Party announcement today recognises the simple truth that the manufacturing sector really matters to New Zealand’s economy as a whole, based on the part manufacturing plays in the growth of the added value element in the tradable sector,...
    Scoop politics | 19-04
  • Young Kiwi to Represent New Zealand at Premier Youth Forum
    Young Kiwi to Represent New Zealand at Premier Youth Forum FOR IMMEDIATE RELEASE Commonwealth Youth New Zealand Executive Director, Aaron Hape, has been selected to represent New Zealand at 33Fifty, the Commonwealth Youth Leadership Programme,...
    Scoop politics | 19-04
  • Lisa Owen interviews Green Party co-leader Metiria Turei
    Greens propose new ministerial disclosure regime based on British rules, requiring quarterly declarations of ministers' meetings, travel and hospitality....
    Scoop politics | 19-04
  • Politicians Should Maintain Workers’ Easter Break
    Family First NZ is rejecting calls for any liberalisation of Easter trading laws and says that workers deserve a break to spend time with their families. “This is not an issue about choice as has been argued. For many workers,...
    Scoop politics | 19-04
  • Lisa Owen interviews experts on Antacrtica
    Lisa Owen interviews Chuck Kennicutt and Gary Wilson on Antarctica Headlines: Top Antarctic scientists warns New Zealand "not ready" for worst as ice shelves and sea ice in Antarctica retreat and the climate changes Gary Wilson: "Can...
    Scoop politics | 19-04
  • Beyond the State – NZ State Houses from Modest to Modern
    As part of the our 'Active Hand of Government' series for 2014, we present Bill McKay, Senior Lecturer, School of Architecture and Planning, speaking to his new publication....
    Scoop politics | 19-04
  • Global unions applaud NZ ‘slave ships’ progress
    Global unions the ITF (International Transport Workers' Federation) and IUF (International Union of Food, Agricultural and Hospitality Workers) today applauded the steps forward made in preventing often shocking abuse of crews on fishing vessels in New Zealand...
    Scoop politics | 17-04
  • Families before commerce at Easter
    Families before commerce at Easter The retail workers’ union has hit back at critics of New Zealand's modest Easter trading restrictions. "Some things are more important than going to the mall, and for just three and a half days each...
    Scoop politics | 17-04
  • Easter trading laws archaic, in need of overhaul
    Press release: ACT New Zealand Easter trading laws are outdated and in need of a major overhaul, said ACT leader Jamie Whyte today....
    Scoop politics | 17-04
  • ALCP welcomes Campbell Live poll result
    The Aotearoa Legalise Cannabis Party welcomes last night's Campbell Live poll, saying it is an overdue reality check for public opinion on personal cannabis use....
    Scoop politics | 17-04
  • Q+A This Week 20/4/14
    Q+A This Week SUNDAY 20 APRIL, 9AM ON TV ONE The latest on the US-NZ relationship from the US military’s top man in the Pacific, Admiral Samuel J. Locklear . Deputy Political Editor Michael Parkin asks him whether we’re allies,...
    Scoop politics | 17-04
  • Community detention for pokie theft
    A 67-year-old former company director, convicted of stealing pokie machine profits, was today sentenced to six months community detention, 160 hours of community work and ordered to make reparation of $6,000....
    Scoop politics | 17-04
  • Waitangi National Trust Board Amendment Bill
    The Māori Affairs Committee is inviting public submissions on this bill. The closing date for submissions is Wednesday, 14 May 2014....
    Scoop politics | 17-04
  • Collaboration stops drugs from crossing borders
    Collaboration between Hong Kong and New Zealand Customs has stopped millions of dollars worth of drugs coming into New Zealand this year, with a number of seizures and arrests in both countries....
    Scoop politics | 17-04
  • Call for public enquiry into the future of farming
    Fish & Game NZ is calling for a public enquiry “to examine the future of agriculture in New Zealand”....
    Scoop politics | 17-04
  • Comment on Labour Policy Announcement by NZMEA President
    “This policy release from the Labour Party is so important that if it becomes government policy it would define a shift in New Zealand’s culture,” says Brian Willoughby President of the NZMEA and Managing Director of Plinius Audio and Contex...
    Scoop politics | 17-04
  • Manufacturing policy makes sense but….
    On the surface much of Labour's prescription for manufacturing is sound though questions remain over some of the detail not yet announced, the Employers and Manufacturers Association says....
    Scoop politics | 17-04
  • Where Are The 15,000 Jobs?
    “Paula Bennett is today proudly telling New Zealand that beneficiary numbers have decreased by 15,000 in the past year. There is no proud declaration that 15,000 jobs have been created in the same period,” says Auckland Action Against Poverty spokesperson,...
    Scoop politics | 17-04
  • Change of approach to government procurement needed
    The rail engineering industry has been totally let down by National’s lack of manufacturing policy, and Labour’s measures outlined today represent a marked shift in approach to supporting domestic industries, the RMTU said today....
    Scoop politics | 17-04
  • Depreciation Policy Shouldn’t Be Just for Pet Industries
    The Taxpayers’ Union is welcoming Labour’s announcement to beef up rates of depreciation in the manufacturing sector, but is questioning why David Cunliffe is picking winners rather than applying the policy across all sectors. Jordan Williams,...
    Scoop politics | 17-04
  • FIFA U-20 World Cup NZ 2015 Kick Off Times Announced
    An array of kick-off times to suit football fans of all ages has been confirmed for the FIFA U-20 World Cup New Zealand 2015. With 52 matches spread across the nation, the public will be able to enjoy a collection...
    Scoop politics | 17-04
  • “Legitimate purpose” provides no protection under 167 form
    On Radio New Zealand today, the Privacy Commissioner indicated that ACC could only request information that was "relevant" for a "legitimate purpose". His view was therefore that the ACC167 form is not a "blank cheque" or...
    Scoop politics | 17-04
  • State: still keeping you safe on the road this Easter
    The long-awaited Easter/ Anzac break is nearly upon us while the weather may have taken a turn for the worse in several parts of the country, many Kiwis will still be packing up their cars to take a road trip....
    Scoop politics | 17-04
  • Govt plan for community input into residential red zone
    Christchurch Mayor Lianne Dalziel has welcomed Prime Minister John Key’s announcement today of a community participation process for the public to have a say on the future use of the residential red zone....
    Scoop politics | 17-04
  • Governor-General to visit Turkey
    The Governor-General, Lt Gen The Rt Hon Sir Jerry Mateparae, is to visit Turkey next week to lead New Zealand’s representation at the annual Gallipoli commemorations....
    Scoop politics | 17-04
  • Actions of Police prior to death in custody were justified
    A report by the Independent Police Conduct Authority on the death of Adam Palmer while in Police custody found the actions of Police were justified during the arrest. The report also found that Police took all possible steps to try...
    Scoop politics | 17-04
  • New Electorate Boundaries Finalised
    New boundaries for the country’s 64 General and seven Māori electorates have been finalised – with an additional electorate created in Auckland. The 2014 Representation Commission has completed its statutory role of reviewing and redrawing electorate...
    Scoop politics | 17-04
  • Save The Children Welcomes Strengthening Children’s Rights
    Save the Children New Zealand welcomes a new treaty which allows children to complain directly to the UN Committee on the Rights of the Child about alleged violations of their rights....
    Scoop politics | 16-04
  • Labour takes manufacturing seriously
    Labour takes manufacturing seriously Manufacturing workers and employers will all benefit from economic policies announced today by the Labour Party leader, David Cunliffe. The Engineering, Printing and Manufacturing Union has welcomed the announcement...
    Scoop politics | 16-04
  • Manufacturing policy welcomed
    “Today’s announcement of Labour’s manufacturing policy is very welcome,” says CTU Economist Bill Rosenberg. “Just as many other developed countries are realising, having a strong manufacturing sector pays off in good jobs, retaining...
    Scoop politics | 16-04
  • Operation Unite – a Blitz on Drunken Violence
    New Zealand Police are hoping to reduce the number of victims from alcohol related crime by asking the public to say ‘Yeah, Nah’ more often this holiday weekend....
    Scoop politics | 16-04
  • Dunne Speaks
    Dunne Speaks 17 April 2014 There have been a number of harrowing cases presented this week about the impact of psychoactive substances on vulnerable young people. At one level, the tales are deeply disturbing. It is awful to see anyone...
    Scoop politics | 16-04
  • Research announcement welcomed
    A leading Māori researcher has welcomed the announcement of the 2014 Te Pūnaha Hihiko - Vision Mātauranga Capability Fund by Science and Innovation Minister Steven Joyce and Māori Affairs Minister Dr Pita Sharples....
    Scoop politics | 16-04
  • At Last: A Manufacturing Policy
    At Last: A Manufacturing Policy FIRST Union congratulates Labour on the release of its Manufacturing policy today. The union represents workers in the wood, food and textile manufacturing sectors. “In a week that has seen another manufacturing company,...
    Scoop politics | 16-04
  • Republic campaigners still positive after royal visit
    "Campaigners for a New Zealand Head of State are still feeling positive after ten days of royal events" says NZ Republic Chair, Savage. "Our polling before the visit showed increased support for a kiwi head of state. We have a...
    Scoop politics | 16-04
  • Selling homes to foreigners benefits New Zealanders
    Winston Peters has apparently convinced David Cunliffe that when foreigners buy New Zealand property they make New Zealanders worse off. Mr Cunliffe has announced his intention to adopt Winston Peters’ policy of banning foreigners from buying...
    Scoop politics | 16-04
  • Taxpayers’ Union Welcomes Key’s Rejection of ‘Fat Tax’
    The Taxpayers’ Union is welcoming Prime Minister John Key’s rejection of fat and sugar taxes ahead of this year's election. Jordan Williams, Executive Director of the Union, says:...
    Scoop politics | 16-04
  • Law Commission Paper on a New Crown Civil Proceedings Act
    The Law Commission has released A New Crown Civil Proceedings Act for New Zealand , its Issues Paper on reforming the Crown Proceedings Act 1950. The Issues Paper proposes a new statute to replace the Crown Proceedings Act 1950....
    Scoop politics | 16-04
  • Focus must now go on fishing industry jobs for NZ workers
    Maritime Union says focus must now go on fishing industry jobs for New Zealand workers...
    Scoop politics | 16-04
  • Make the choice to stay safe on the road
    With Easter and Anzac Day giving us two successive long weekends this year there will be a lot of happy families preparing for trips....
    Scoop politics | 16-04
  • Students Welcome Engagement with StudyLink
    The New Zealand Union of Students’ Associations (NZUSA) has welcomed the improved performance from StudyLink in 2014. There is no doubt that getting their loans and allowances processed on time makes it easier for students to concentrate on being...
    Scoop politics | 16-04
  • Deaf And Hard of Hearing New Zealanders Marginalised
    Deaf And Hard of Hearing New Zealanders Marginalised Imagine if you could not access vital news and information. What would you do?...
    Scoop politics | 16-04
  • Public lose interest in this council, 2016 to be a watershed
    The second term Auckland Council is proving to be an interesting one and very different to the inaugural 2010 – 2013 Governing Body. We are currently going through a budget round to lock in where council’s $3b expenditure is directed...
    Scoop politics | 16-04
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