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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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    The Daily Blog | 23-10
  • Marae Investigates No More
    TVNZ yesterday announced the closure of their Māori and Pacific programmes department. That means they’ve chosen to stop making Fresh, Tagata Pasifika, Waka Huia and Marae Investigates to let independent producers get their hands on these lucrative contracts. This is...
    The Daily Blog | 23-10
  • BLOGWATCH: An Un-Civil War in Labour, eh?
    Earlier today, my attention was directed to an entry that’s just recently appeared on the Slightly Left of Centre blog. It purports to contain the ‘inside word’ from a highly placed NZF source – which is funny, because I’m pretty sure...
    The Daily Blog | 23-10
  • Santanomics 101
    Santanomics could mean a number of things. It could be the study and practice of giving. Or it could mean the study and practice of rampant end-of-year commercialism. However, for me today it is the economics of erectingAuckland’s giant Santa...
    The Daily Blog | 23-10
  • SkyCity boss misleads public over workers lost shifts
    SkyCity CEO Nigel Morrison has defended the employment practices at his company in an “Opinion” piece entitled “Human Capital key to corporate success” in the NZ Herald on Thursday. A number of his claims are misleading, contain only partial truths...
    The Daily Blog | 23-10
  • Review: Perfect Place
    I went to a Perfect Place on Tuesday night, and what a delight it was. The marshmallows sweetly (and forcefully) handed out pre-show, set the tone for the next hour. Walking up the stairs at The Basement was a complete...
    The Daily Blog | 23-10
  • 5AA Australia – NZ on UN Security Council + Dirty Politics Lingers On
    5AA Australia: Selwyn Manning and Peter Godfrey deliver their weekly bulletin Across The Ditch. General round up of over night talkback issues: Thongs, Jandals and flip-flops… ISSUE 1: New Zealand has been successful in its campaign to become a non...
    The Daily Blog | 22-10
  • When I mean me, I mean my office & when I call whaleoil I mean not as m...
    This. Is. Ludicrous. Green Party co-leader Russel Norman put the first of what are likely to be many questions about Mr Key’s relationship with Slater, asking him how many times he had phoned or texted the blogger since 2008. “None...
    The Daily Blog | 22-10
  • A brief word on describing the Government as ‘boring and bland’
    The narrative being sown is that this Government will be a boring and bland third term. Boring and bland. Since the election, Key has announced he is privatising 30% of state houses without reinvesting any of that money back into housing society’s most...
    The Daily Blog | 22-10
  • More Latté Than Lager: Reflections on Grant Robertson’s Campaign Launch.
    BIKERS? SERIOUSLY! Had Grant Robertson’s campaign launch been organised by Phil Goff? Was this a pitch for the votes of what few Waitakere Men remain in the Labour Party? Was I even at the right place? Well, yes, I was....
    The Daily Blog | 22-10
  • About Curwen Ares Rolinson
    Curwen Ares Rolinson – Curwen Ares Rolinson is a firebrand young nationalist presently engaged in acts of political resistance deep behind enemy lines amidst the leafy boughs of Epsom. He is affiliated with the New Zealand First Party; although his...
    The Daily Blog | 21-10
  • About Kelly Ellis
    Kelly Ellis.Kelly Ellis – As a child, Kelly Ellis didn’t so much fall into the cracks, but willfully wriggled her way into them. Ejected from Onslow College – a big job in the 70s – Kelly worked in car factories,...
    The Daily Blog | 21-10
  • About Kate Davis
    Kate Davis.Kate Davis – Having completed her BA in English and Politics, Kate is now starting her MA. Kate works as a volunteer advocate at Auckland Action Against Poverty and previously worked for the New Zealand Prostitutes Collective. Kate writes...
    The Daily Blog | 21-10
  • Parker does a Shearer – oh for a Labour Leader who can challenge msm fals...
    Sigh. It seems David Parker has done a Shearer… Like a cult and too red – Parker on LabourLabour leadership contender David Parker says Labour borders on feeling like “a cult” and must look at its branding – including its...
    The Daily Blog | 21-10
  • A brief word on the hundreds of millions NZ is spending on the secret intel...
    The enormity of the mass surveillance state NZ Government’s have built carries a huge price tag… Kiwis pay $103m ‘membership fee’ for spyingThe $103 million taxpayer funding of New Zealand’s intelligence agencies is effectively a membership fee for joining the...
    The Daily Blog | 21-10
  • Where. Is. Jason. Ede?
    Where. Is. Jason. Ede?...
    The Daily Blog | 21-10
  • Labour’s Din of Inequity
    Watching Labour’s leadership candidates on Q+A on Sunday, I noticed the ongoing use of terms like “opportunity” and “aspiration”, and “party of the workers”. What do these mean? We glean much from Labour, and from the media about Labour, but not...
    The Daily Blog | 21-10
  • “Blue-Greenwash” fails the test when it comes to endangered dolphins
    National’s pre-election promises saw some wins for the environment – perhaps as the party sought to appease its “Blue-Green” voters and broaden its popular appeal. Some of the ecological gains were a long time in the making, overdue even– such...
    The Daily Blog | 21-10
  • Reasons not to be cheerful, Part #272b
    Why don’t you get back into bed? The next few years — the rest of this century — are not going to be pretty. There is an obvious disconnect between any remaining political ambition to fix climate change and the...
    The Daily Blog | 21-10
  • OIA protocols and official advice ignored to hide Child Poverty
    It might not seem so now, but child poverty was a major election issue. What a pity we did not have the full debate. In that debate it would have been very helpful to have seen the Ministry of Social...
    The Daily Blog | 20-10
  • Previewing the 4 candidates for Leader of the Labour Party
    The extraordinary outbursts by Shearer last week highlights just how toxic that Caucus is. Shearer was on every major media platform as the ABC attack dog tearing into Cunliffe in the hope of diminishing Cunliffe’s support of Little by tearing...
    The Daily Blog | 19-10
  • GUEST BLOG: Kate Davis – the sudden explosion of ‘left’ blogs
    Time to Teach or more people will suffer from P.A.I.D. Political And Intellectual Dysmorphia.I was on the Twitter and a guy followed me so of course I did the polite thing and followed him back. He wrote a blog so...
    The Daily Blog | 19-10
  • Ego vs Eco
    Ego vs Eco...
    The Daily Blog | 19-10
  • We can’t let the Roastbuster case slip away
    Those of us (like me) left with hope that the police would aggressively follow through on the large amount of evidence on offer to them (let’s not forget they forgot they even had some at one point) in the Roastbusters...
    The Daily Blog | 19-10
  • Food, shelter and medicine instead of bombs and bullets
    The on-going conflict across the Middle East – due in large part to the US-led invasions of Afghanistan and Iraq – has created another humanitarian crisis of biblical proportion. The essentials of life are desperately needed in Iraq and Syria...
    The Daily Blog | 19-10
  • The politics of electorate accommodations
    National’s electorate accommodations with ACT and United Future were a big factor in it winning re-election. Interestingly, there is another electorate accommodation scenario whereby the centre-left could have come out on top, even with the same distribution of party votes....
    The Daily Blog | 19-10
  • Why you should join the TPPA Action on 8 November
    On 8 November 2014, thousands of Kiwis will take part in the International Day of Action to protest the Trans-Pacific Partnership Agreement (TPPA). The rally cry for us is TPPA – Corporate Trap, Kiwis Fight Back. Why should you join...
    The Daily Blog | 19-10
  • GUEST BLOG – Patrick O’Dea: no new coal mines
    Green Party and Mana Party policy is “NO NEW COAL MINES!” Auckland Coal Action is trying to put this policy into action on the ground. ACA after a hard fought two year campaign waged alongside local residents and Iwi, in...
    The Daily Blog | 19-10
  • Comparing Police action – Hager raid vs Roast Buster case
    This satire had the NZ Police contact TDB and threaten us with 6months in prison for using their logo.   The plight of Nicky Hager and the draconian Police actions against him has generated over  $53 000 in donations so...
    The Daily Blog | 18-10
  • Malala Yousafzai, White Saviour Complexes and Local Resistance
    Last week, Malala Yousafzai was the co-recipient of the Nobel Peace Prize. Since her exposure to the worldwide spotlight, her spirit, wisdom and strength have touched the hearts of people everywhere. However, there have been cynics who have argued that...
    The Daily Blog | 18-10
  • Jason Ede is back – but no media can interview him?
    Well, well, well. Jason Ede, the main figure connected to John Key’s office and the Dirty Politics black ops is back with a company with deep ties to the National Party. One thing you can say about the right –...
    The Daily Blog | 18-10
  • GUEST BLOG: Curwen Rolinson – Leadership Transitions In Other Parties: A ...
    As cannot have escaped anyone’s attention by now, the country is presently in the grips of an election and campaign that will help determine the fate of the nation for years to come. It’s gripping stuff – with clear divides...
    The Daily Blog | 17-10
  • SkyCity worker says she faces losing her house
    SkyCity worker Carolyn Alpine told the company annual shareholder’s meeting today that she faced the prospect of losing her house because the company had cut her shifts from two a week to one without consultation. The solo mother, has worked...
    The Daily Blog | 17-10
  • Greg O’Connor’s latest push to arm cops & 5 reasons not to
    I was wondering at what point within a 3rd term of National that Police Cheerleader Greg O’Connor would start trying to demand cops be armed. O’Connor must have thought to himself, ‘if bloody Key can get us and the GCSB vast new...
    The Daily Blog | 16-10
  • You can’t have crisis without ISIS
    So the new scary bogeyman ISIS might have chemical weapons that the US secretly found in Iraq, but America didn’t want to expose this find because the WMDs were actually built and made by the US and Europe, the two powers...
    The Daily Blog | 16-10
  • NZ WINS UN SPIN THE BOTTLE! Privately sucking up to America for a decade me...
    Oh, we are loved! Little old NZ, the 53rd state of America after Israel and Australia, gets to sit at the adults table for the special dinner party that is the UN Security Council. How delightful, a decade of privately...
    The Daily Blog | 16-10
  • MEDIA BLOG – Myles Thomas – A World Without Advertising
    Non-commercial broadcasting and media. It’s a solution for all manner of problems ailing our tender nation… voter engagement, unaccountable governance, apathy, stupefaction, public education, science in schools, arts appreciation, cultural cringe… But no-one could’ve guessed that non-commercial media might solve...
    The Daily Blog | 16-10
  • March against war – 2pm Saturday 25th October
    March against war – 2pm Saturday 25th October...
    The Daily Blog | 16-10
  • Whack a mole as US govt foreign policy
    Whack-A-Mole was a popular arcade game from my youth.  It consisted of a waist high cabinet with holes in the top. Plastic moles seemingly randomly pop out of these holes. The purpose of the game was to hit as many...
    The Daily Blog | 16-10
  • In Paean of Debt
    This week is ‘Money Week’. It’s an opportunity to promote to the middle classes, and anyone else who will listen, the virtues of wise ‘investment’. The aims are to promote the mystical (and indeed mythical) virtues of saving for the...
    The Daily Blog | 16-10
  • The last 48 hours – Poverty denial, war denial and unapologetic abuse of ...
    The bewildering speed of events that simply end in Key shrugging and proclaiming he doesn’t really give a shit is coming think and fast as the Government suddenly appreciate the full spectrum dominance they now enjoy. Here is Radio NZ...
    The Daily Blog | 16-10
  • GUEST BLOG: Pat O’Dea – Mana 2.0 Rebooted
    Internationally the news is that Evo Morales of Bolivia won big with Left Wing policies But what are the chances that the Left will make a resurgence in this country? As the internecine struggles between the Left and the Right...
    The Daily Blog | 15-10
  • The Blomfield IPCA letter – Has Dirty Politics leaked into the NZ Police ...
    It’s difficult to know what to make of the IPCA letter to Matthew Blomfield over Slater’s continued insistence that the hard drive taken from Matthew wasn’t stolen.  Slater has selectively cherry picked the Police referring back to his claim that Blomfeild perjured...
    The Daily Blog | 15-10
  • ​Media release: Rail and Maritime Transport Union – Auckland move for K...
    The Rail and Maritime Transport Union is questioning a KiwiRail proposal to progressively relocate its Zero Harm personnel from Wellington to Auckland. “The purpose of the Zero Harm team is to drive KiwiRail’s performance in health and safety.  Rail is a...
    The Daily Blog | 15-10
  • Amnesty International – Friend request from an IS militant
    There’s always that one person, that one Facebook friend, usually a musician or event promoter, who, when you so foolishly accept their friend request, will completely inundate your news feed with copious event invitations and promotions. The person who, despite...
    The Daily Blog | 15-10
  • NZ should follow the UK and recognize the Palestinian state
    Over the past two weeks, the United Kingdom and Sweden have made headlines through their decisions to recognize the state of Palestine. They are hardly the first nations to do so. Indeed, 134 countries have, in various ways, given formal...
    The Daily Blog | 15-10
  • The Discordant Chimes of Freedom: Why Labour has yet to be forgiven.
    WHY DOES THE ELECTORATE routinely punish Labour and the Greens for their alleged “political correctness” but not National? It just doesn’t seem fair. Consider, for example, the Crimes (Substituted Section 59) Amendment Act 2007 – the so-called “anti-smacking legislation” –...
    The Daily Blog | 15-10
  • Hosking or Henry – Which right wing crypto fascist clown do you want to w...
    So Mediaworks are finally going to make some actual money from their eye watering contract with Paul Henry by launching a new multi-platform Breakfast show over TV, Radio and internet. This is great news for Campbell Live who have dodged...
    The Daily Blog | 14-10
  • Families need more money to reduce child poverty
    Prime Minister John Key is mistaken to rule out extending the In Work Tax Credit to all poor children (The Nation 11th Oct) and Child Poverty Action Group challenges government advisors to come up with a more cost effective way...
    The Daily Blog | 14-10
  • GUEST BLOG: Kelly Ellis – Don’t shit on my dream
    Once were dreamers. A large man, walks down the road and, even from 200 yards there’s light showing between his big arms and bigger body. It’s as if he’s put tennis balls under his arms. Two parking wardens walk out...
    The Daily Blog | 14-10
  • Pike River Families Group Press Release
    The Families can now but hope that Solid Energy will consider closely the response of the Families’ expert mining advisers, Bob Stevenson and Dave Creedy, and the independent legal advice by Hugh Rennie QC as to why re-entry to the...
    Scoop politics | 24-10
  • On The Nation this weekend
    This weekend on The Nation… with dairy prices falling, China growing its agriculture sector, and the environmental costs piling up, we ask the Fonterra chief executive Theo Spierings if New Zealand is too dependent on milk powder and if we’ve...
    Scoop politics | 24-10
  • NZ Government Urged to Do More to Fight Ebola
    As Ebola continues to tear through West Africa, Save the Children NZ is urging the government to do more in the fight against the deadly virus....
    Scoop politics | 24-10
  • Korero Mai Ki Ahau – Saturday 25 & Sunday 26 October 2014
    Broadcast on Waatea 603AM Saturday 12.00 - 12.30pm Sunday 12.00 - 12.30pm Both shows repeated 5.00pm – 6.00pm On Sunday...
    Scoop politics | 24-10
  • Putting whānau foremost in Family Dispute Resolution
    Dispute resolution company, FairWay Resolution, has developed a uniquely New Zealand approach to family dispute resolution (FDR) that is underpinned by the cultural needs and values of the parties to a family dispute. In support of its role as a...
    Scoop politics | 24-10
  • Anglican Family Care staff to rally industrial action rises
    Public Service Association (PSA) members working at Anglican Family Care (AFC) in Dunedin will hold two rallies in Dunedin next week as they seek a fair pay offer, following a week of low-key industrial action....
    Scoop politics | 23-10
  • Flying Visit for Adventuring Kiwi Socialpreneur
    12 Months on, this former Alexandra barista is changing lives in Buenos Aires Slums with free lunches, music, art, drama and toothbrushes...
    Scoop politics | 23-10
  • March in Solidarity with Kurdistan Against ISIS Attacks
    The New Zealand Kurdish Community will march in solidarity with Kurdistan in light of the heinous genocidal attacks in Kobanê by ISIS. We will begin with silent demonstrations then commence marching. We will start from Britomart, Queen Street (outside Dick...
    Scoop politics | 23-10
  • No Problem for Henare & Jones, But “No Way” for Harawira
    “Just before the election I broke the story about the gutting of Maori Television’s News and Current Affairs department by MTS’ new CEO Paora Maxwell. I pointed out that Carol Hirschfeld and Julian Wilcox, two of the country’s most experienced...
    Scoop politics | 23-10
  • Corruption: Positive developments for NZ but more to be done
    Global anti-corruption group Transparency International today released a report on OECD Anti-Bribery Convention enforcement and called for New Zealand to implement draft legislation to ratify the United Nations Convention against Corruption....
    Scoop politics | 23-10
  • Government to Blame as Much as Council for Marryatt Payout
    The Taxpayers' Union is calling on the Government to fix the employment law regime that has forced Christchurch ratepayers to fork out $800,000 to former Council boss Tony Marryatt....
    Scoop politics | 23-10
  • Unanimously Call for Commissioner to Arm Police Full Time
    In the wake of a series of recent armed offender incidents, delegates to the Police Association Annual Conference today called unanimously on the Commissioner to arm Police full time....
    Scoop politics | 23-10
  • Bank gets behind NZ wildlife icon with sizable donation
    It will be easier than ever this summer for holiday-markers to dip into their pockets to support the yellow-eyed penguin....
    Scoop politics | 23-10
  • WorkSafe report raises concerns about asbestos
    The union representing construction workers in the Canterbury rebuild is surprised at WorkSafe’s conclusion that no action needs to be taken against EQC and Fletcher EQR over asbestos exposure in Canterbury homes. “This report was an opportunity...
    Scoop politics | 23-10
  • Union accuses SkyCity CEO of misleading public
    Unite Union has accused SkyCity CEO Nigel Morrison of misleading the public over the cut in hours for a staff member who raised the issue at the company's AGM....
    Scoop politics | 23-10
  • Last Hurrah on the Taxpayer
    Responding to the NZ Herald report that Hone Harawira spent up $54,000 on the taxpayer in his last three months as an MP, Taxpayers’ Union Executive Director Jordan Williams says: “It is absolutely disgraceful that an MP managed to rack...
    Scoop politics | 23-10
  • Press statement in relation to search of Nicky Hager’s home
    On 2 October 2014, Nicky Hager's home in Wellington was searched by police. Mr Hager asserted that documents kept at his house were protected by privilege, including because they contained information that might identify confidential sources....
    Scoop politics | 22-10
  • The Sam Simon arrives into Auckland for new campaign
    This morning Sea Shepherd ship, the Sam Simon, arrived into Auckland harbour after its journey from Melbourne. The ship and its 25 crew from around the globe have come to New Zealand to source supplies and prepare for the upcoming...
    Scoop politics | 22-10
  • Low inflation – time for meaningful wage increases
    With inflation low, now is a good time for workers to negotiate for pay increases that outstrip price rises and deliver real increases in wages and salaries. “For too many people, real pay increases have been missing for several years...
    Scoop politics | 22-10
  • Auckland Rates Rises Out of Control
    Responding to the NZ Herald report that Auckland ratepayers will face an average of a 29 percent rates increase, Taxpayers’ Union Executive Director Jordan Williams says: “These rate rises show that Len Brown's spending is out of control.”...
    Scoop politics | 22-10
  • Protest at New Plymouth Oil and Gas Expo
    About 30 protesters from Climate Justice Taranaki, Frack-free Kapiti, Te Uru Pounamu Action Group, Oil Free Wellington, Frack-free Manawatu and the east coast protested yesterday outside New Plymouth's biennial Oil and Gas Expo at the TSB Stadium....
    Scoop politics | 22-10
  • FMA warns consumers about cold-calling investment offers
    The Financial Markets Authority (FMA) is warning New Zealand consumers and investors to be wary of cold-calls asking them to buy shares or put their money into offshore firms....
    Scoop politics | 22-10
  • Comprehensive plan needed to end child poverty
    Child Poverty Action Group says it is vital the newly re-elected National government takes a planned and comprehensive approach to reducing child poverty in New Zealand....
    Scoop politics | 22-10
  • Metiria Gets Feed the Kids
    Yesterday the Speaker of the House advised that he had accepted my request to transfer my Feed the Kids (Education (Breakfast and Lunch Programmes in Schools) Amendment) Bill to Metiria Turei of the Green Party....
    Scoop politics | 22-10
  • DIA undercover investigation leads to jailing
    An undercover Internal Affairs investigation has led to a Hastings man being jailed for three and half years....
    Scoop politics | 22-10
  • Call on Minister McCully to pursue the case of Balibo Five
    Media Information: Call on Minister McCully to pursue the case of journalist Gary Cunningham and the Balibo Five...
    Scoop politics | 22-10
  • Australia and NZ actions on press freedoms alarming
    Global support for investigative journalism in Australia and New Zealand is a welcome response to law changes and a police raid, says the Pacific Freedom Forum...
    Scoop politics | 22-10
  • Call for release of French journalists in West Papua
    West Papua Action Auckland, the EPMU Print and Media Council and the NZ Media Freedom Network call on the Minister of Foreign Affairs to speak out in support of the two French TV journalists whose trial has just begun in...
    Scoop politics | 21-10
  • Court of Appeal: Dotcom v 20th Century Fox Film Corporation
    A The appeal is dismissed. B The 20 August 2014 order of the High Court dealing with confidentiality and the 29 August 2014 order of this Court dealing with confidentiality are set aside. C The confidentiality orders set out in...
    Scoop politics | 21-10
  • Glassons Blasted For Glamourising Animal Cruelty
    Clothing brand Glassons have found themselves embroiled in another controversy after launching a new advert featuring a girl riding a bull. Animal advocacy organisation SAFE have asked them to remove the ad immediately as it glamourises animal cruelty....
    Scoop politics | 21-10
  • Smuggling honey into New Zealand isn’t sweet
    Smuggling honey into New Zealand isn’t sweet Federated Farmers Bee Industry Group applauds the tough line taken by Ministry for Primary Industries (MPI) Border Staff at Auckland Airport. In deporting the couple found trying to smuggle bee products...
    Scoop politics | 21-10
  • Taxpayers’ Union Responds to Joyce on Corporate Welfare
    Responding to Economic Development Minister Steven Joyce’s defence of corporate welfare , Jim Rose, the author of Monopoly Money , a Taxpayers Union report on corporate welfare since 2008, says:...
    Scoop politics | 21-10
  • Speech from the Throne brings welcome focus on children
    Today’s speech from the Throne confirms the Government’s focus on children, youth and their families in the areas of health, education, youth employment, poverty alleviation and Whānau Ora; now the challenge is to ensure every child in New Zealand...
    Scoop politics | 21-10
  • John’s Job Fairs no fix for unemployment and poverty
    “John Key has clearly been looking to the US for his latest bright idea on dealing with employment issues,” says Auckland Action Against Poverty coordinator Sue Bradford. “Job fairs where the desperately unemployed queue in their corporate best to compete...
    Scoop politics | 21-10
  • Speech From the Throne Foreshadows More Corporate Welfare
    Responding to the Governor General’s Speech from the Throne, which outlined that the Government’s intentions for the next Parliamentary term would include further Business Growth Agenda initiatives, Taxpayers’ Union Executive Director Jordan...
    Scoop politics | 21-10
  • Green MP to speak at panel on Rainbow Mental Health
    Hamilton, New Zealand: Recently re-elected Green Party MP Jan Logie will be a guest speaker at a panel on the mental health of Gay, Lesbian, Bisexual, Trangender, Takataapui and Intersex people taking place on November 1st as part of the...
    Scoop politics | 20-10
  • Evidence Supports GE Moratorium
    Federated Farmers spokesman Graham Smith's call for a 'rethink' on release of GeneticallyEngineered organisms is misguided, and instead it is time for a formal moratorium on GMOs in the environment.(1)...
    Scoop politics | 20-10
  • Chatham Rise mining could have impact on whales and dolphins
    Wellington, 21 October 2014--Mining phosphate on the Chatham Rise, off the east coast of New Zealand’s south island, could potentially have many impacts on marine mammals like whales and dolphins, the Environmental Protection Agency was told today....
    Scoop politics | 20-10
  • Council endorses Nanaia Mahuta as the next Labour leader
    Te Kaunihera Māori, the Māori Council of the New Zealand Labour Party, have passed a resolution to endorse the Hon Nanaia Mahuta as the next leader of the Labour Party...
    Scoop politics | 20-10
  • Kaumatua to organise petition to end Maori seats
    Ngapuhi kaumatua David Rankin has announced that he will be organising a nationwide petition to seek support from Maori voters to end the Maori seats. “These seats are patronising”, he says. “They imply we need a special status, and that...
    Scoop politics | 20-10
  • Announcing a New Voice for The Left
    Josh Forman is pleased to announce the creation of a new force on the Left of politics in New Zealand....
    Scoop politics | 20-10
  • Public services held back by poor workplace culture
    A new report by Victoria University’s Centre for Labour, Employment and Work shows that public servants are working significant unpaid overtime to ensure the public services New Zealanders value are able to continue....
    Scoop politics | 20-10
  • iPredict New Zealand Weekly Economic & Political Update
    Andrew Little’s probability of being the next leader of the Labour Party has reached 70% and Jacinda Ardern is favourite to become his deputy, according to the combined wisdom of the 8000+ registered traders on New Zealand’s predictions market, iPredict....
    Scoop politics | 20-10
  • Prison Drug Treatment Unit marks a milestone
    Christchurch Men’s Prison’s Drug Treatment Unit (DTU) celebrated the completion of its 50th six month Drug and Alcohol Programme today, with the graduation of a further twelve offenders....
    Scoop politics | 20-10
  • Security Council seat a chance for NZ to empower women
    The UN Women National Committee Aotearoa New Zealand (UN Women NCANZ) welcomes New Zealand winning a seat on the United Nations Security Council and is calling on New Zealand to use its position to proactively promote effective implementation of the...
    Scoop politics | 20-10
  • Waipareira and ACC sign Partnership
    Waipareira and The Accident Compensation Corporation (ACC) have signed a Memorandum of Understanding at Whanau Centre, Henderson – marking a special day for the West Auckland Urban Maori organisation....
    Scoop politics | 20-10
  • Humanitarian aid desperately needed in Iraq and Syria
    Global Peace and Justice Auckland is calling on the government to provide humanitarian funding for non-aligned NGOs (non-governmental organisations) in the Middle East rather than give any support whatever for the US-led military campaign in the area....
    Scoop politics | 19-10
  • Court Judicial Decision: Dotcom v The USA: 17 October 2014
    The United States of America is seeking the extradition of Messrs Dotcom, Batato, Ortmann and Van Der Kolk. The matter has been before the Courts on numerous occasions, and no further recitation of the facts is needed....
    Scoop politics | 19-10
  • Marshall Island poet speaks at UN climate summit
    “The fossil fuel industry is the biggest threat to our very existence as Pacific Islanders. We stand to lose our homes, our communities and our culture. But we are fighting back. This coming Friday thirty Pacific Climate Warriors, joined by...
    Scoop politics | 19-10
  • Many tourist car accidents preventable
    Simple steps could dramatically reduce the number of accidents involving tourists, says the car review website dogandlemon.com ....
    Scoop politics | 19-10
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