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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 | 18-07
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    Labour | 17-07
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    Labour | 17-07
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    Labour | 16-07
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    Greens | 16-07
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    Greens | 16-07
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    Labour | 16-07
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    Labour | 16-07
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    Labour | 16-07
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    Greens | 15-07
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    Greens | 15-07
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    Greens | 15-07
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    Mana | 15-07
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    Greens | 15-07
  • MANA announces its general seat candidates in Tamaki
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    Mana | 14-07
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    Mana | 14-07
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    Greens | 14-07
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    Greens | 13-07
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    Greens | 12-07
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    John Key has left many with the impression he will repeal marriage equality if elected into Parliament again, said the Green Party today. Reports have emerged that at a meeting with Pacific church leaders in Mangere, on Tuesday, many attendees...
    Greens | 11-07
  • Basin Flyover decision victory for common sense
    MIL OSI – Source: Green Party – Headline: Basin Flyover decision victory for common sense Tuesday, 22 Jul 2014 | Press Release “Both popular and expert opinion opposed the flyover. The proposal was expensive, unnecessary and would have undermined the...
    The Daily Blog | 22-07
  • CPAG Newsletter July 2014
    MIL OSI – Source: Child Poverty Action Group – Headline: CPAG Newsletter July 2014 22 July 2014 New child poverty data nothing to celebrate New data released by the Ministry of Social Development  indicates people living below the poverty line are worse...
    The Daily Blog | 22-07
  • Hotel ordered to pay $80,000 in outstanding wages
    MIL OSI – Source: Unite Union – Headline: Hotel ordered to pay $80,000 in outstanding wages An Auckland hotel has been ordered by the Employment Relations Authority to pay nearly $80,000 in outstanding wages to two employees. Filipino couple Abraham...
    The Daily Blog | 22-07
  • Rising interest rate and dollar driving manufacturing exports back to Globa...
    MIL OSI – Source: CTU – Headline: Rising interest rate and dollar driving manufacturing exports back to Global Financial Crisis levels The Council of Trade Unions is calling on the Reserve Bank not to raise interest rates on Thursday. “Another...
    The Daily Blog | 22-07
  • Israel/Gaza: Attacks on medical facilities and civilians add to war crime a...
    MIL OSI – Source: Amnesty International NZ – Headline: Israel/Gaza: Attacks on medical facilities and civilians add to war crime allegations The continuing bombardment of civilian homes in several areas of the Gaza Strip, as well as the Israeli shelling...
    The Daily Blog | 22-07
  • Central African Republic: Brazzaville talks should not lead to amnesties fo...
    MIL OSI – Source: Amnesty International NZ – Headline: Central African Republic: Brazzaville talks should not lead to amnesties for war crimes Amnesty International called on delegates to the Central African Republic (CAR) National Reconciliation talks due to take place...
    The Daily Blog | 22-07
  • Russia increases stranglehold on dissent as five more NGOs named ‘foreign...
    MIL OSI – Source: Amnesty International NZ – Headline: Russia increases stranglehold on dissent as five more NGOs named ‘foreign agents’ The Russian Ministry of Justice today registered four more Russian human rights organizations and one environmental group as “foreign...
    The Daily Blog | 22-07
  • Nigeria: World Bank panel turns its back on forcibly evicted community
    MIL OSI – Source: Amnesty International NZ – Headline: Nigeria: World Bank panel turns its back on forcibly evicted community The decision by a World Bank Inspection Panel to refuse to investigate a complaint about forced evictions linked to a...
    The Daily Blog | 22-07
  • National out of touch with the regions
    MIL OSI – Source: Labour Party – Headline: National out of touch with the regions John Key is out of touch with regional New Zealand if he believes tinkering with council regulations will restore opportunities to small towns, Labour Leader...
    The Daily Blog | 22-07
  • Flyover rejection a victory for sustainable transport
    MIL OSI – Source: Labour Party – Headline: Flyover rejection a victory for sustainable transport The rejection of the proposed Basin Reserve flyover by a Board of Inquiry is a victory for sustainable transport in Wellington and paves the way...
    The Daily Blog | 22-07
  • Loss Leading could destroy Kiwi lamb’s reputation
    MIL OSI – Source: Labour Party – Headline: Loss Leading could destroy Kiwi lamb’s reputation Meat companies that supply supermarkets and sell New Zealand lamb as a loss leader in the United Kingdom should lose their access to this valuable...
    The Daily Blog | 22-07
  • Labour will revive the regions with new fund
    MIL OSI – Source: Labour Party – Headline: Labour will revive the regions with new fund The next Labour Government will co-develop Regional Growth Plans for every region of New Zealand and will invest at least $200 million in a...
    The Daily Blog | 22-07
  • Speech to Local Government New Zealand
    MIL OSI – Source: Labour Party – Headline: Speech to Local Government New Zealand Speech to the Local Government New Zealand Conference 2014 Introduction Early in my time as an MP I went for a long walk on a windswept...
    The Daily Blog | 22-07
  • GUEST BLOG: Chris Perley – Confessions of an ex-Public Servant watching t...
    Back in the 16th century, good Queen Bess said to her Privy Council of advisors something along the lines of: “I want your free, frank advice, without consideration of fear or favour.”  In other words, tell me what you think,...
    The Daily Blog | 22-07
  • The rise of the Internet/Mana phenomenon
    Commentators seem surprised at the popularity of the Mana/Internet phenomenon. The ultimate ‘odd coupling’ is doing reasonably well in the polls at over 2% support, and Right Wing pundits are guessing that the Party might even reach 5% by the...
    The Daily Blog | 22-07
  • Which Party Would (not) Walk Away from a Crap TPPA?
    Trick question.  Any TPPA would be crap. But a future government will try to sell it to us anyway. It is clear that there won’t be any deal until well after the election and the new government is installed. So...
    The Daily Blog | 22-07
  • Te wiki – Maori Language Week
    Maori Language Week has become an entrenched feature of New Zealand.  New Zealanders have come to accept that for one week a year the normal institutions of the white settler society will make some attempt to engage their stakeholders using the...
    The Daily Blog | 22-07
  • A brief word on Cunliffe saying sorry for a 3 day holiday
    I’m not sure who the bloody hell is advising Cunliffe to apologise about a 3 day holiday, but it’s stupid. If you want to know what angry white reactionary NZ thinks about anything, go to a stuff.co.nz poll. Here’s their...
    The Daily Blog | 22-07
  • Seven Sharp – The day public broadcasting died
    I rarely watch Seven Sharp because it’s bullshit and sums up all that is wrong with current affairs in NZ, but even I can’t believe that Seven Sharp have stooped to being an apologist for Cameron Slater on this evenings show. This...
    The Daily Blog | 22-07
  • ….except Israel
    ….except Israel...
    The Daily Blog | 22-07
  • NZIFF Review: The Dark Horse – 6 stars
    This year’s opening New Zealand International Film Festival offering was a couple of nights ago, and I still feel this incredible NZ movie reverberating inside me. The Dark Horse is heartbreaking, heartwarming and terribly raw. Director James Napier Robertson has...
    The Daily Blog | 22-07
  • TDB New Zealand International Film Festival 2014 picks
    NZIFF is here, our picks this season are… The Dark Horse Boyhood Leviathan Is the man who is tall happy?  Hot Air Maps to the Stars Snowpiercer Toons for Tots InRealLife Print The Legend E-Team The Internet’s Own Boy: The...
    The Daily Blog | 22-07
  • A tale of two men: Cunliffe’s apology for rape culture vs Key’s dismiss...
    The manner in which Cunliffe has sought to address rape culture vs Key’s dismissal of it yesterday is a remarkable contrast as stark as the bias over Cunliffe’s holiday vs Key’s holiday. Key takes weeks off to pose for selfies...
    The Daily Blog | 21-07
  • MANA Pasifika Says NO To Discrimination
    MIL OSI – Source: Mana Movement – Headline: MANA Pasifika Says NO To Discrimination  Posted on July 20, 2014 by admin in James Papali’i’Vice Chairperson of MANA Pasifika James Papali’i  feels for Ms Tupou and her children after they were...
    The Daily Blog | 21-07
  • MANA Movement policy release – Economic Justice – John Minto
    MIL OSI – Source: Mana Movement – Headline: MANA Movement policy release – Economic Justice – John Minto  Posted on July 20, 2014 by admin in John Minto, Press ReleasesAddress notes from Mana Economic Justice Spokesperson and co-vice President John...
    The Daily Blog | 21-07
  • New President for MANA Movement
    MIL OSI – Source: Mana Movement – Headline: New President for MANA Movement  Posted on July 20, 2014 by admin in Lisa McNab, NewsLisa McNab, MANA President, and Annette Sykes, outgoing MANA President and candidate for Waiariki Lisa McNab was officially...
    The Daily Blog | 21-07
  • Flood relief for National voters first
    MIL OSI – Source: Mana Movement – Headline: Flood relief for National voters first Posted on July 18, 2014 by admin in Hone Harawira, Press Releases“The flooding in Tai Tokerau has hammered the north and impacted hundreds of families right...
    The Daily Blog | 21-07
  • Te Reo Māori a doorway to opportunity
    MIL OSI – Source: Labour Party – Headline: Te Reo Māori a doorway to opportunity A Labour Government will ensure more of our children have the opportunity to learn te reo Māori by encouraging the learning and use of it...
    The Daily Blog | 21-07
  • GUEST BLOG: Joe Trinder – National Party thugs destroying Internet MANA b...
    Last Saturday morning the volunteer brigade of Internet Mana  went out in the freezing cold to deploy Internet Mana billboards. They braved the cold weather of that icy cold morning only to have National party thugs destroy the billboards and...
    The Daily Blog | 21-07
  • Amnesty International: War crimes against innocent civilians – Why is his...
    27 December 2008, 11:30. Israeli Defence Forces (IDF) commence military airstrikes on a list of 603 targets believed to house suspected Hamas operatives in the Gaza Strip. In just three weeks, the devastating Operation ‘Cast Lead’ claimed approximately nine Israeli...
    The Daily Blog | 21-07
  • Rape Culture is not blah blah blah
    To some of our politicians and commentators, ‘rape culture’ has already become blah blah blah. A meaningless and overstated slogan to roll their eyes at and derisively joke about and deny. It’s something the ‘left’ takes seriously, and something the...
    The Daily Blog | 21-07
  • Hot Air: Alister Barry presents the cold, hard facts about New Zealand’s ...
    IF YOU SEE only one film in the 2014 NZ International Film Festival see Alister Barry’s feature-length documentary, Hot Air. This chilling exposé of the strategy and tactics adopted by New Zealand’s largest industries to ensure that no effective action to combat...
    The Daily Blog | 21-07
  • CTU resolution on Palestine
    Further to Unite’s position on Palestine, this is the Council of Trade Union position on Palestine… Preamble: Over 170 Palestinian political parties, unions and other organizations including the Palestinian General Federation of Trade Unions issued a call in July 2005...
    The Daily Blog | 21-07
  • Stop Israeli State Terror – Rally and March this Saturday 26th July, Aote...
    The humanitarian crisis in Gaza is getting much worse and the world is marching in unprecedented numbers. New Zealanders spoke out strongly last Saturday with a march of 5,000 people in Auckland (see picture below) – the biggest march ever...
    The Daily Blog | 21-07
  • Cafe chef awarded $50,000 for unfair dismissal
    MIL OSI – Source: Unite Union – Headline: Cafe chef awarded $50,000 for unfair dismissal A former chef at an Auckland cafe has been awarded more than $50,000 in unpaid wages and compensation for unjustified dismissal. The Employment Relations Authority...
    The Daily Blog | 21-07
  • NZ needs to assist UN with aid for Gaza
    MIL OSI – Source: Green Party – Headline: NZ needs to assist UN with aid for Gaza Monday, 21 Jul 2014 | Press Release The New Zealand Government should support the United Nation’s efforts to raise money to assist humanitarian...
    The Daily Blog | 21-07
  • Road fix needed now, not later
    MIL OSI – Source: Labour Party – Headline: Road fix needed now, not later Northland’s roading system is in chaos and needs fixing fast, Labour List MP Kelvin Davis says.  “According to NZTA’s 10 year funding data every area of...
    The Daily Blog | 20-07
  • KiwiSaver innovations needed to build wealth
    MIL OSI – Source: Labour Party – Headline: KiwiSaver innovations needed to build wealth The innovative changes to KiwiSaver suggested by the Financial Services Council today will be seriously considered by Labour as part of plans to make KiwiSaver universal,...
    The Daily Blog | 20-07
  • Internet MANA Auckland road show at Kelston – what the media are missing
    The Town Hall in Kelston yesterday was packed well before the start time of 2pm. What many welded to Wellington in the Press Gallery don’t understand about Internet MANA is that its energy and flaxroot mobilisation is far larger than...
    The Daily Blog | 20-07
  • Greens announce 20 hours free ECE for two year olds
    MIL OSI – Source: Green Party – Headline: Greens announce 20 hours free ECE for two year olds Monday, 21 Jul 2014 | Press Release This is an investment in families and our kids’ education and in reducing poverty. The...
    The Daily Blog | 20-07
  • Jeremy Wells’ Mike Hosking rant on Radio Hauraki: Today,
    Jeremy Wells’ Mike Hosking on Radio Hauraki...
    The Daily Blog | 20-07
  • Apocalypse Now
    For a brief moment, the nations of the world seemed united in a peaceful pursuit. The  World Cup finale in Brazil captured the imagination of a global TV audience. Within days, catastrophe exploded into the headlines, sending shards of outrage,...
    The Daily Blog | 20-07
  • Palestinians suffer from media’s use of derogatory labels
    Why, in our news media, is an Israeli with a gun a “soldier”, but a Palestinian with a gun a “militant”, or even a “terrorist”? The terminology is clearly prejudicial to the Palestinian cause, because New Zealanders are more likely...
    The Daily Blog | 20-07
  • Another example of media bias – Key’s holiday vs Cunliffe’s holiday a...
    Another, sad, tired example of media bias in terms of holidays this time. I pointed out in the weekend the extreme bias being exhibited by the media… The current level of negative bias being exhibited by the conservative corporate media...
    The Daily Blog | 20-07
  • MANA answers the call to have Apartheid Israeli Embassy kicked out of NZ
    Last week I asked “which NZ political Party will have the courage to call for the Apartheid Israel embassy to close?“, MANA have answered that challenge and have stepped forward as being the political party with that courage… The Mana...
    The Daily Blog | 20-07
  • Pulitzer Prize-winning journalist Glenn Greenwald to speak at September 15t...
      So Pulitzer Prize-winning journalist Glenn Greenwald will speak at Kim Dotcom’s Auckland Townhall event . Dear oh dear, how will the mainstream media journalists handle this news? All week they’ve been screaming how unfair it is that they will have...
    The Daily Blog | 20-07
  • New Zealanders will never get justice over spying saga
    MIL OSI – Source: Green Party – Headline: New Zealanders will never get justice over spying saga Thursday, 17 Jul 2014 | Press Release “How can someone go to Court on the issue when a person doesn’t even know if...
    The Daily Blog | 19-07
  • National issues mineral mining permits in Maui’s sanctuary
    MIL OSI – Source: Green Party – Headline: National issues mineral mining permits in Maui’s sanctuary Thursday, 17 Jul 2014 | Press Release The Government has issued mineral mining permits in one third of the endangered Maui’s dolphin sanctuary, the...
    The Daily Blog | 19-07
  • Casino workers fight outsourcing – picket 1-3pm Friday
    MIL OSI – Source: Unite Union – Headline: Casino workers fight outsourcing – picket 1-3pm Friday 17Jul On Friday the 18th of July, Unite will be picketing SkyCity Casino urging them not to outsource the Cleaning Services department. This proposal...
    The Daily Blog | 19-07
  • #PIZZAHURT! Rally for fair redundancy pay for Pizza Hut workers 3.30pm Thur...
    MIL OSI – Source: Unite Union – Headline: #PIZZAHURT! Rally for fair redundancy pay for Pizza Hut workers 3.30pm Thursday RALLY FOR JUSTICE FOR THE PIZZA HUT CALL CENTRE WORKERS We deserve fair redundancy pay. 330pm, 666 Great South Road,...
    The Daily Blog | 19-07
  • Fairer Deal For Parents on Benefits – Christine Rankin
    Conservative Party Leader Colin Craig is backing a campaign seeking to reform the way Work And Income treats shared care parents. Mr Craig confirmed his party's stance in an email to Fifty Fifty campaigner Duncan Eddy last night, stating: "I...
    Scoop politics | 22-07
  • Kmart stamps out bullies with partnership
    23 July 2014 – Kmart has helped stamp out bullying quite literally, with active team members from stores across the country pounding the pavement on a ‘Big Walk’ for charity organisation Foundation for Youth Development (FYD), as part of Kmart...
    Scoop politics | 22-07
  • More momentum needed to achieve Smokefree 2025 goal
    New research published in the New Zealand Medical Journal by ASPIRE 2025 researchers suggests the Government’s goal to achieve a Smokefree New Zealand by 2025 may be failing to gather the political momentum needed to ensure it is achieved. Analysis...
    Scoop politics | 22-07
  • Fight for 26 weeks paid parental leave to go on
    The coalition to support 26 weeks paid parental leave says that public demand for six months leave with a new baby is not going away, and the group will continue to push for government to do more to support better...
    Scoop politics | 22-07
  • Don’t Apologise for Putting Family First, Mr Cunliffe
    Family First NZ says Labour leader David Cunliffe should not be apologising for putting his family first and having some holiday time with them. “All parents need some rest and recharging time, they need family time, and most importantly they...
    Scoop politics | 22-07
  • Referral to the Police – Wayne Walford
    On 21 July 2014, the Electoral Commission referred Wayne Walford, National Party candidate for Napier, to Police for displaying election advertising on a signwritten vehicle promoting his candidacy and the National Party....
    Scoop politics | 22-07
  • RSA condemns downing of flight MH17
    The Royal New Zealand RSA has today denounced the downing of flight MH17, in the Donetsk region of Ukraine, as an act of terror....
    Scoop politics | 22-07
  • EDS joins Trans-Tasman Resources High Court appeal
    “EDS has today filed a notice to join (in opposition) Trans-Tasman Resources (TTR) appeal against the decision to reject its marine consent application to mine ironsands in the South Taranaki Bight,” says EDS Executive Director Gary Taylor....
    Scoop politics | 22-07
  • Over 1100 dead Kiwis
    Research presented to the NZ Defence Force today shows that an average of 16 service personnel have died away from the front line every year since 1945. Add those from the front line and the figure is 18....
    Scoop politics | 22-07
  • Petition to repeal carer legislation presented at parliament
    Today Rachel Noble, Chief Executive of the Disabled Persons Assembly presented a petition, with thousands signatures, to parliament demanding the repeal of the New Zealand Public Health and Disability Amendment Act (No 2) 2013....
    Scoop politics | 22-07
  • Claudette Hauiti to step aside at election
    National Party President Peter Goodfellow confirms that he has received notification from List MP Claudette Hauiti that she plans to step aside at the 20 September election....
    Scoop politics | 22-07
  • LGNZ welcomes Prime Minister to local government conference
    Local Government New Zealand (LGNZ) was pleased to host the Prime Rt Hon John Key at the 2014 LGNZ Conference today in Nelson. The Prime Minister addressed the audience of 550 delegates including mayors, chairs, chief executives, councillors and senior...
    Scoop politics | 22-07
  • Students Challenge Parliament to Protect Student Voice
    Student representatives on Victoria University of Wellington Council. LEFT: Elected-at-large student representative David Alsop. RIGHT: VUWSA President Sonya Clark....
    Scoop politics | 22-07
  • Flockton basin residents deserve fairness
    It is blindingly obvious that the land in the Flockton basin has dropped because of the earthquake causing increased flooding and flood vulnerability says Labour’s Christchurch Central Candidate Tony Milne....
    Scoop politics | 22-07
  • LGNZ welcomes Labour’s announcement on regional development
    Local Government New Zealand (LGNZ) has welcomed today’s announcements from Leader of the Opposition David Cunliffe on regional development. The Hon Cunliffe launched Labour’s regional development policy to more than 550 delegates at the annual 2014...
    Scoop politics | 22-07
  • Standing Orders Committee: Review of Standing Orders
    The Standing Orders Committee has presented its report on the Review of Standing Orders. The committee reviews the Standing Orders, procedures, and practices of the House and usually reports towards the end of each parliamentary term....
    Scoop politics | 21-07
  • Stop Israeli State Terror – Rally on 26th July, Aotea Square
    The humanitarian crisis in Gaza is getting much worse and the world is marching in unprecedented numbers. New Zealanders spoke out strongly last Saturday with a march of 5,000 people in Auckland (see picture below) – the biggest march ever...
    Scoop politics | 21-07
  • Human Rights Commission welcomes The Way Forward report
    EEO Commissioner Dr Jackie Blue has welcomed The Way Forward report on an integrated system for Intimate Partner Violence, Child Abuse and Neglect. “The Way Forward report is truly a way forward. We’re not starting from scratch, all the jigsaw...
    Scoop politics | 21-07
  • Young people to face MPs in UNICEF NZ Election Debate
    The UNICEF New Zealand Youth vs MPs Election Debate takes place today (22 July) at the Beehive Theatrette providing a unique platform for young people to debate issues of importance ahead of the 2014 general election. UNICEF NZ will also...
    Scoop politics | 21-07
  • Taskforce Welcomed to Curb Excess Local Government Control
    The Taxpayers’ Union is welcoming Prime Minister John Key’s announcement at the LGNZ conference in Nelson to establish a 'Rules Reduction Taskforce'.Taxpayers’ Union Executive Director, Jordan Williams, says:...
    Scoop politics | 21-07
  • LGNZ releases election manifesto
    LGNZ releases election manifesto focusing on the need for strengthening New Zealand’s communities and economies...
    Scoop politics | 21-07
  • Local government celebrates outstanding performance at LGNZ
    Local Government New Zealand (LGNZ) is pleased to announce the winners of the inaugural LGNZ EXCELLENCE Awards, designed to recognise and celebrate the leadership role local government plays within communities. The Awards were presented at a prestigious dinner...
    Scoop politics | 21-07
  • Cocktails for Industry Officials, Squalor for Pigs
    When members of the pork industry meet at their annual conference at Auckland’s Novotel Hotel today, animal advocates are expecting urgent action to address cruelty issues on factory farms. Animal advocacy group SAFE says pork industry officials...
    Scoop politics | 21-07
  • Forest & Bird to mark On the Block campaign at Parliament
    Independent conservation organisation Forest & Bird will hold a photo opportunity at Parliament at noon today to highlight the, unprecedented rights sell-off to frack, log, drill and mine New Zealand’s public conservation land....
    Scoop politics | 21-07
  • NZCCSS calls for government to raise care workers’ wages
    The New Zealand Council of Christian Social Services (NZCCSS) is joining the call for the government to increase funding to the aged care sector to enable fair wages to be paid to workers caring for New Zealand’s older people. “The...
    Scoop politics | 21-07
  • CTU Urges Reserve Bank Not to Raise Interest Rates
    The Council of Trade Unions is calling on the Reserve Bank not to raise interest rates on Thursday. “Another rise in interest rates will raise the dollar further, striking another blow at high value manufacturing industries who are exporting or...
    Scoop politics | 21-07
  • ACT announces Jamie Whyte as Pakuranga candidate
    Dr Whyte was elected ACT Leader in February. Since then he has been travelling around the country meeting New Zealanders and talking about ACT’s key messages of low, flat tax, cutting green tape, getting tough on crime, and “one country,...
    Scoop politics | 21-07
  • Whyte calls on Craig to name his flat tax rate
    ACT Leader Jamie Whyte has hit out at Colin Craig for failing to name his party's suggested flat tax rate. "Page 9 of The Press today is an advertisement for Colin Craig’s Conservative Party and their policy of having two...
    Scoop politics | 21-07
  • The Letter 21 July 2014
    All tax and spend ; Do not add up ; Bad economics ; We have moved to the left ; Being in government was a mistake...
    Scoop politics | 21-07
  • Aggressive phone scam targets Inland Revenue customers
    Inland Revenue is warning its customers to beware of aggressive telephone scammers who are targeting people for money and threatening actions such as deportation and prison if not paid....
    Scoop politics | 21-07
  • A talk on wealth, a rant on inequality, & NZ’s latest stats
    I'm giving a talk in Wellington tomorrow night on wealth in New Zealand: how much of it there is, how it's distributed, and why we should be talking more about it. It's at 5.30 at Connolly Hall in Thorndon, and...
    Scoop politics | 21-07
  • Growing Up in New Zealand Report exploring vulnerability
    The Chief Executive of the Families Commission says the Growing Up in New Zealand (GUiNZ) report released today is the first step towards developing a greater understanding of vulnerability in the New Zealand context....
    Scoop politics | 21-07
  • Christopher Giddens Struck off
    The New Zealand Lawyers and Conveyancers Disciplinary Tribunal has ordered that Christopher Giddens be struck from the Roll of Barristers and Solicitors....
    Scoop politics | 21-07
  • Downing of MH17 shows the Ukraine crisis is a global issue
    The downing of Malaysian airlines’ flight MH17 clearly shows the Ukraine crisis is not a local or regional affair, it is a global issue and the world community needs to help the Ukraine, University of Canterbury Ukrainian expert Associate Professor...
    Scoop politics | 21-07
  • NZEI supports Green party’s commitment to quality ECE
    NZEI Te Riu Roa is welcoming the Green Party’s plans to boost the quality of early childhood education by restoring funding for centres with 100 percent qualified staff....
    Scoop politics | 21-07
  • NZ First Tax Policy Breaches the China FTA Peters Signed
    Reacting to New Zealand First leader Winston Peters’ policy announcement to introduce a capital gains tax on foreign owned homes and assets, Jordan Williams, Executive Director of the Taxpayers’ Union says:...
    Scoop politics | 21-07
  • Interview with Metiria Turei
    We believe that the Green Party and Labour can work together. After the election, we will look at our shared goals and where we can work together to achieve positive goals for New Zealand....
    Scoop politics | 21-07
  • NZ First GST Policy Not Thought Through
    Reacting to New Zealand First leader Winston Peters’ policy announcement to remove GST on food, Jordan Williams, Executive Director of the Taxpayers’ Union says:...
    Scoop politics | 21-07
  • KASM to fight seabed mining decision appeal
    Kiwis Against Seabed Mining (KASM) today notified the High Court of its intention to join the EPA in opposing an appeal by Trans Tasman Resources against the EPA’s decision to refuse consent for the country’s first seabed mining proposal....
    Scoop politics | 21-07
  • MANA Policy Statement- Economic Justice
    A just economy is one where everybody is able to afford the cost of living and enjoy a decent quality of life. In a just economy, tax rates are fair. Those who earn more pay a higher proportion of their...
    Scoop politics | 21-07
  • Waitangi Tribunal Releases Its Report on the MV Rena
    In its interim report released today, the Waitangi Tribunal has found that the Crown’s conduct in response to the grounding of the MV Rena on Otaiti (Astrolabe) reef breached the principles of the Treaty of Waitangi....
    Scoop politics | 21-07
  • Wairoa District Council Should Not Be Gagging Staff
    Reacting to the Dominion Post article that the Wairoa District Council has removed council staff members' personal submissions on the Council's annual plan, Taxpayers' Union Executive Director, Jordan Williams, says: “Staff making personal submissions...
    Scoop politics | 21-07
  • Xero CEO shares ideas on transforming local economies
    Xero CEO shares ideas on transforming New Zealand’s local economies Cloud-based accounting software firm Xero could be based anywhere in the world but Chief Executive Rod Drury keeps the company’s head office in Wellington....
    Scoop politics | 21-07
  • ‘Pay Up or Lose Licence’ Message Is Getting Through
    Coromandel MP Scott Simpson says fine dodgers are finally paying up since the introduction of strict new rules for traffic offenders. Scott Simpson MP says ‘People who get caught breaking traffic rules now have two choices - pay up or...
    Scoop politics | 21-07
  • Petition for new nurse graduates
    Today the New Zealand Nurses Organisation is launching a petition aimed at achieving a nurse entry to practice (NEtP) position for every new grad nurse. New Zealand is facing a significant nursing shortage over the next decade. We need to...
    Scoop politics | 21-07
  • Local government discusses how we can spread wealth
    Opportunities and risks arising from New Zealand’s changing regions were explored today at the Local Government New Zealand conference in Nelson. Shamubeel Eaqub, Principal Economist at the New Zealand Institute of Economic Research, delivered...
    Scoop politics | 20-07
  • FTC Calls for Rational Dialogue Regarding Gaza
    The Free Thinking Coalition (FTC) urges New Zealanders who are engaged in dialogue regarding the situation in Israel and Palestine to think rationally about issues confronting the Middle East....
    Scoop politics | 20-07
  • Craig says Peters should Come Clean
    Conservative Party Leader Colin Craig says "Winston Peters should come clean and declare where he is standing, who he will work with, and what his bottom lines are."...
    Scoop politics | 20-07
  • Democrats for Social Credit announces Party List
    Democrats for Social Credit Party Leader, Stephnie de Ruyter, today announced the line up of the Party’s candidates and list rankings for the forthcoming election. The party will field thirty electorate candidates and four list only candidates....
    Scoop politics | 20-07
  • Economic Growth And Jobs Are Key Priorities
    A new report highlights the major concerns for Mayors and Chairs A report, based on the findings of a recent survey, identifies what Mayors and Chairs of local authorities think are the major issues facing their communities and organisations. Commissioned...
    Scoop politics | 20-07
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