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Pull the other one, John

Written By: - Date published: 8:16 am, March 13th, 2012 - 81 comments
Categories: debt / deficit, Economy, john key - Tags: ,

Key to Mike Hosking: “New Zealand either needs to borrow more or earn more, and I’m in the camp that we need to earn more”

sourced from stats infoshare and the PREFU if you want to see the long-run. Just makes Key’s look even worse.

81 comments on “Pull the other one, John”

  1. marsman 1

    Earn more by selling off high yielding State Assets? What a slimeball.
    Borrow more to afford tax cuts for the wealthy? What incompetent slimeballs.

    • Treetop 1.1

      “Earn more by selling off high yielding State Assets?”

      Under Muldoon there was “think big” when it came to state assets. Under Key it is “think small” when it comes to gaining revenue from high earning state asset dividends.

      Under both the deficit has grown and grown and grown.

      • shreddakj 1.1.1

        The only thing the Nats are thinking big about is how much money they can skim off the top of the NZ People and into their mates’ back pockets.

        • Marjorie Dawe 1.1.1.1

          Maybe we should start asking for evidence to show where the money is going.
          Remember those words “Show us the money”!!

  2. tsmithfield 2

    Well, looking at the graphs, we certainly don’t need to borrow more.

    • Kotahi Tane Huna 2.1

      Especially since we are borrowing the money from the people who got the tax cut we borrowed the money to pay for.

      In fact, since the combined wealth of the richest Kiwis increased by $7bn between 2010 and 2011, I don’t think we should even consider paying them back.

    • mik e 2.2

      Tsm Maybe we could raise taxes on those who don’t pay any.

  3. The record speaks for itself, National are liars, hypocrites and have no idea what they’re doing or where they’re going.

    • Tombstone 3.1

      They know what they’re doing alright and voters let them get away with it last election. Brand Key was all about focus on the man, not the policies and certainly not the appalling management of the economy. Voters fell for it hook, line and sinker and Key and his rich mates have been laughing all the way to the bank ever since. Key is a shocker and I agree with others, a liar and hypocrite. He says one thing then acts out another. I don’t want to see Kiwis becoming tenants in our own country but I’m dead keen to flog these farms off to my mates in China – even as individual packages if need be. Two faced liar.

      • Enough is Enough 3.1.1

        Key knows exactly what he is doing.

        He was brought into the National caucus in 2002 with Don Brash to do exactly this. Brash fell over but Key was given the job his promoters put him in Parliament to do.

        Don’t be fooled by the fact everyone is suffering. ‘Everyone’ was never somehing he was told he had to worry or care about.

        This has been a 10 year project that was always going to come to fruition in the Nat’s second term.

        They will not see a third term but that does not matter to them. By that time the 10 year project will be more or less completed. The state sector will have shrunk, the state assets will be in the hands of corporate investors, the benefit system would have been dismantled, ACC will be privatised, schools will be private in drag. The net wealth of the top 5% will have increased by at least 100% at the same time the people falling below the poverty line increases to levels not seen since the depression, possibly ever.

        This is the most dangerous government in New Zealand’s history. Yes worse than Douglas or Ruth. time to stand up and fight

        • shreddakj 3.1.1.1

          So it’s like the bastard child of Muldoon and Ruth Richardson? Slash and burn neoliberal economics combined with the funnelling of state funds into projects (like their private-monopoly-establishing fibre optic plan, the building of private prisons and private charter schools) that will put more money in the pockets of their rich mates. Does that just about sum it up? Actually it’s a lot worse than that I think but it’s probably a start.

        • starlight 3.1.1.2

          You are right it was a long term strategy,remember the ‘secret’ recordings,in it key and
          english say they will go easy in the first term,then in the second term they will lauch
          their offensive on nz and it is offensive,thats all that can be said about the irrepairable
          damage key and english are inflicting on nz.
          Did nz see any benefit from ruthless richardson,shitley,muldoon etc? no because
          the nats only know how to line their own pockets and have no desire to look after
          the bulk of nz’ers,they need to be in power though to get their ill gotten gains,that
          is why there are lies,secret plans,corruption and yes they have to haul the starstruck
          in,enter the ‘key’ brand,job done ,nz hi-jacked by the few at the detriment of the masses.
          Key expected to get ‘unbridled power’ he did not,though he is behaving as though
          he did.

        • Kevin 3.1.1.3

          You are exactly right in your prediction.The National Party is committed to cleaning out what remaining blue ribbon assets this country possesses, selling them to their crony mates, and bringing the country to it’s knee’s.

  4. Colonial Viper 4

    The more assets we sell, the more our GDP goes straight into foreign owners pockets.

  5. vto 5

    So, if Key said this ” “New Zealand either needs to borrow more or earn more, and I’m in the camp that we need to earn more”…..

    then I trust Hosking responded immediately with “Well if you don’t want to borrow then why have you borrowed more than any other government in NZ’s history? Are you not saying one thing and doing another Mr Key?”

    did he? did he? betcha he didn’t. Hosking is useless.

    • tc 5.1

      Key will not attend any forum where he’s asked tough questions, Hoskins is another shill like Holmes, woodham, smith, Williams it’s what ZB does best.

      Suck up to the govt and dog whistle on their behalf, Hoskins is all hot air and pomp very little substance just rant.

    • rosy 5.2

      He could have also responded with ‘best we keep our income earning assets in our own hands then, Mr Key’.

  6. Rob 6

    Of course we need to earn more, why are you so offended by this comment.

    • aj 6.1

      Because he is either a hypocrite, a liar, or stupid, or a combination of all three.
      He has presided over a government that has earned less and borrowed shit loads. Despite this, he campaigned since 2008 on earning more and borrowing less, and has repeated this mantra for over three years while doing the opposite.

      • Chris 6.1.1

        While borrowing has been horrendous the graph shows GDP has increased since National came to power.

        • Hayden 6.1.1.1

          It’s increased from 7950 to 7800?

          • Chris 6.1.1.1.1

            National weren’t in power at the start of 2008 Q3 – they took power in November 2008 so effectively 2009 Q1 before they had a chance to do anything.

            • Hayden 6.1.1.1.1.1

              That’s a fair cop, but you said “since National came to power” so let’s go for $7850 as a start point. :P

        • Blighty 6.1.1.2

          No it hasn’t.

          National came in in Q4 of 2008.

          GDP per capita then was $7,818. Latest it’s $7,781

          and you should look at the increase in the previous decade to see real growth.

    • Blighty 6.2

      I think the offensive bit is the bit about him claiming to be all about growth not borrowing and, by extension, that his opponents are for the opposite when he has borrowed more than any other pm and has the worst growth record.

      • Jim Nald 6.2.1

        Can we start to see a pattern here for his success in his previous career ?

        Fine for that job but wrong person for the PM’s job.

    • Draco T Bastard 6.3

      Because, while saying that we need to earn more, Key is selling off our assets that contributes to the earning, Borrowing the most in our history and giving those borrowings to the biggest bludgers – the rich.

  7. Koptahi Tane Huna 7

    Key isn’t “offensive”, he’s a clear and present danger to the country’s well-being, deserving of a harsh and direct response.

  8. tc 8

    The most galling aspect is he’s given many soapboxes to keep telling these porkys and lull the sheeple into their trap as we don’t have any serious intelligent independant journalists anymore just lackeys to their cause.

    As an oz colleague remarked…..can’t your media read and understand economic data ? WTF is going on over there……the great neo lib con and sell off assisted by MSM mates with compliant owners.

    • King Kong 8.1

      When you start calling the NZ electorate “sheeple” you show what really lies at the heart of your political thinking…People of NZ are morons who don’t know what is best for them. Because of this democracy is a waste of time so lets crack on with the totalitarialism that Socialism always decends into.

      • Enough is Enough 8.1.1

        King Kong

        there is a multi billion dollar industry called marketing. This industry is run by the very people and corporations that endeavour to extract as much wealth as possible from the poor who can’t in turn afford to participate in this industry.

        Marketing works. People will do what Marketers tell them to do. Only one small sector of society can afford to market though.

        So yes the public are sheep because they aren’t told the truth

      • mik e 8.1.2

        KK The missing link is back with heavy handed B/S
        Like unfettered capitalism also descends into totalitarianism KK just look at hisTory.
        A balance between the two is the best for sheeple.
        If the balance tilts to far to the right or leftr it seems to do the most damage

        • Rusty Shackleford 8.1.2.1

          “unfettered capitalism also descends into totalitarianism”
          Can you give an example? The fascist regimes were had economies firmly guided by the govt hand. They more resembled the ideal of Keynesian economics, hardly unfettered capitalism.

          • McFlock 8.1.2.1.1

            Rusty, you give me an example of unfettered capitalism (or real-world application approaching the ideal, to a level of error to your satisfaction) and I’ll give you a totalitarian result (or real-world application approaching the ideal).

            • Rusty Shackleford 8.1.2.1.1.1

              The US, post civil war up till the progressive era, was relatively free market. No central bank or monetary monopoly. Zero income tax and low taxes in general. GDP growth was robust during this time and bank panics, although frequent, were short lived. Wages grew faster in 1880 than at any other point in the proceeding century. Inflation was low, actually trending towards mild deflation. Prices for many consumer goods dropped precipitously and many more goods became available for working class people. I could go on.

              • McFlock

                Fair enough. And there was the little matter of massacres of Native Americans, and the not-infrequent murders of union organisers (or poor people in general, or ranchers vs farmers), not to mention expansion into the Philippines and Cuba.
                   
                And even then the market collapsed into the Great Depression, leading to a number of acts that might have been economically necessary but were judged to be unconstitutional.

                • Rusty Shackleford

                  Much of the conflict you highlight was committed by govt(remembering, I never said the period was perfectly free market, just more so than today).

                  The great depression was the puncturing of an inflationary boom caused by the fed which had been instituted a decade earlier. The GD was not caused by the relative prosperity of the back half of the 19th century.

                  • McFlock

                    Government at the behest of the capital that ran it. And most of it was organised by good old fashioned private enterprise: “you provide the pictures, and I’ll provide the war!”
                          
                           
                    Relative prosperity – if you were one of the rich white people. Funded primarily by slaughter of Native Americans and the terrorising of recently “liberated” slaves (gotta love the growth rate of the KKK).
                    Summary executions (aka “lynchings”) done at the local or even non-civic level – just folks getting together in a nice government-free way. As for the GD, not getting into that again – somewhat a digression from a digressive point. 
                       

                     

                    • Rusty Shackleford

                      And the problem of capital controlling govt has grown worse as govt power has increased.

                    • McFlock

                      But Rusty, it’s a feedback loop: Capital provides an advantage in government -> the advantage in government provides leverage for capital to require government intervention -> the intervention is in favour of the capital (i.e. the payoff for dallying in politics) -> more capital provides greater advantage in government and greater incentive to dally. 
                             
                      That’s the point – unfettered markets provide capitalists with an advantage to manipulate the government into serving their own interests. In the long run it’s more brutal and restrictive than a moderately-regulated market. 

                    • Rusty Shackleford

                      Fine, let’s scale back to only moderately regulated markets.

                    • McFlock

                      lol – IMO markets are already too lightly regulated…

                    • Rusty Shackleford

                      Let’s take a look at that.

                      What is involved in all transactions? Money. Who controls the money supply and issuance of currency? The government. Money being one side of all transactions, fully 50% of markets are completely govt controlled. And we haven’t even got onto taxes and regulations yet.

                    • McFlock

                      much lolz! Are businesses prohibited from providing their own fungible token means of exchange? Nope- discount or freebie coupons are an example, as are flight points.
                         
                      But government-issued money is more reliable (both in preserving value and in universal acceptance) in the marketplace than mcdollars or barter, so the vast majority of the population choose to use govt funds. There’s no law saying I have to use coin, is there? But the marketplace chooses to do so, because it’s more efficient than anything private enterprise comes up with.

                    • Rusty Shackleford

                      “Are businesses prohibited from providing their own fungible token means of exchange?”
                      Yes they are. Try paying your taxes with a New World coupon book (do they still make those?)

                      “But government-issued money is more reliable”
                      Sincerely, that is one of the dumbest things I have ever heard from someone who claims to be knowledgeable about economics. The value of the $NZ is guaranteed by law to be worth at least 1% percent less in 12 months than it is today. Often it exceeds that amount. The value of the $US IS 1% of what it was in 1929. Almost no other asset class performed that poorly.

                      “There’s no law saying I have to use coin, is there?”
                      http://en.wikipedia.org/wiki/Legal_tender

                      “But the marketplace chooses to do so”
                      The market place has nothing to do with it. Fiat currency is forced on the population by govt. Precious metals were the medium of exchange of choise for millennia. The idea of paper as money, backed by nothing, is a relatively recent invention.

                      Much lolz indeed.

                    • McFlock

                      Not being able to pay tax with coupons is sort of the point – private currency is not something anybody else has to accept. Legal tender, they do.
                          
                      And reliability of legal tender is more reliable than private currency  – even if it might not be perfect. I still have a couple of vouchers lying around from stores that no longer exist. Governments go under less often than businesses. Valueless is a hell of a lot worse than devalued. 
                                 
                      As a consumer, there’s no law saying I have to use legal tender. As a vendor, I have to accept it if offered, fair enough. But if my private means of exchange, say fly-bys points, were better than legal tender, my customers would only offer fly-bys points. That’s the market in action – I thought you’d know that?
                              
                      As for the evolution of currency, the measure of value is essentially arbitrary. It’s essentially a token of confidence and good faith. Back when money was based on precious metals, the economy was occasionally distorted by rapid changes in supply of those metals (e.g. silver taken to Spain from Central and South America, or Roman gold from Spain) but no change in production of anything else. The resulting inflation was basically the same as the credit crunch – money was no longer based on such a scarce resource, it devalued, and consumer confidence sunk proportionately.
                          
                      A means of exchange is not bartering by token. It is the item of transferable value, and the rest of the economy is benchmarked around it. I can go either way on the gold standard, but can see the point to having the value of the currency linked to a supply the government can control. And the key thing thing that the government has complete control over the supply of is the currency itself.
                       
                       

                    • Rusty Shackleford

                      “the measure of value is essentially arbitrary.”
                      This isn’t true. Value emerged out of what quantities of goods could be exchanged for other quantities of goods (and services). The ratios are extremely complex and ever changing. Try bartering for a dozen eggs if all you have to exchange is a tractor.

                      Gold (and other items) emerged as currency independently in disparate regions of the globe because that is what the market demanded. Nobody controlled it, other items could easily have substituted for gold. Fiat money isn’t analogous to this as it is controlled by an institution. If it gets devalued, people can’t easily move away from it into other exchange commodities. Gold they can.

                      “the economy was occasionally distorted by rapid changes in supply of those metals”
                      But, it’s constantly distorted by rapid changes in the supply of paper and electronic money. In far greater quantities. The Reserve Bank could create a trillion dollars before lunch if it wanted to. Try digging up that much gold.

                      “And the KEY thing thing that the government has complete control over the supply of is the currency itself.”
                      You really want him in charge of one side of all transactions that take place?

                    • McFlock

                      Value emerged out of what quantities of goods could be exchanged for other quantities of goods (and services). The ratios are extremely complex and ever changing.  

                       But whether a dollar buys a pound of gold or 1/1000th of an ounce is arbitrary. What counts is that it is a yardstick against which everything else is measured, not that it is nailed to the price of precious metals or a weight of salt.
                       

                      Fiat money isn’t analogous to this as it is controlled by an institution. If it gets devalued, people can’t easily move away from it into other exchange commodities. Gold they can.

                      Yeah, in order to move into another medium of exchange they’d either need a forex market or even maybe a gold trader at the local mall. Such things would never be seen /sarc

                      If fiat money were so hard to get away from, why is it that   in most warzones when the local currency is worthless black markets operate on cash like USD, Euros or RMB?
                      And fiat currency is electronically transferable around the planet. Gold isn’t.  

                      Historically, gold and silver rushes have been large enough to distort economies. If a government doesn’t want to distort the economy today, it slows the generation of money. In the old days, it would have had to spend a lot of money preventing people from digging it up themselves. E.g. the largely futile attempt to stop conflict diamonds entering the global market doubles as a way for the controllers of diamond supply to preserve the value of their commodity. But it simply doesn’t work.

                       
                      And if you knew the RBA, you’d know that it’s Bollard who controls the money supply in NZ. With specific objectives to maintain currency value – although I’d also tack in other economic benchmarks. And I’d sure as shit trust a politician (who can be kicked out after 3 years) rather than say a De Beer or a Zaharoff or a Hearst or any other upstanding crook businessman.
                       
                       

                    • Rusty Shackleford

                      “But whether a dollar buys a pound of gold or 1/1000th of an ounce is arbitrary. ”
                      It isn’t arbitrary. Money is a commodity. Just like gold, socks or beans. You can price commodities in quantities of other commodities. Try trading a basket of vegetables you grew to your neighbor for his car and see what he says about prices being “arbitrary”.

                      The peg of the dollar to gold is arbitrary, but I’m not advocating for that. The govt can continue to issue worthless scrip if it wants to. Just don’t stop free people from issuing their own currencies.

                      “…in order to move into another medium of exchange they’d either need a forex market or even maybe a gold trader at the local mall.”
                      There is a gold trader at my local mall. I’m not exactly sure what your point is.

                      “If fiat money were so hard to get away from, why is it that in most warzones when the local currency is worthless black markets operate on cash like USD, Euros or RMB?”
                      Because those currencies are simply less debased than the local currency. Still debased, just less so.

                      “Historically, gold and silver rushes have been large enough to distort economies.”
                      When? Historically, fiat money has and continues to distort economies.

                      “the largely futile attempt to stop conflict diamonds entering the global market”
                      Conflict diamonds are a politically supported ruse to keep the price of diamonds high. Diamonds aren’t actually that rare.

                      “And if you knew the RBA, you’d know that it’s Bollard who controls the money supply in NZ. With specific objectives to maintain currency value”
                      He is a paragon of Friedmanite economic theory. A mmonetarist through and through.

                      He doesn’t do a very good job of maintaining the value of the currency. He is mandated to devalue it by at least 1% a year. That is not stable pricing. It’s theft.

                      “I’d sure as shit trust a politician rather than say a De Beer or a Zaharoff”
                      I don’t trust any of them. I’d rather see the means of exchange decentralised.

                    • McFlock

                      The peg of the dollar to gold is arbitrary, but I’m not advocating for that. The govt can continue to issue worthless scrip if it wants to. Just don’t stop free people from issuing their own currencies.

                       
                      Governments don’t stop people from inventing or using other means of exchange (barter, fly-bys, other national currencies). They just ensure that there’s at least one means of exchange that is universal within their territory, thus enabling more efficient commerce.
                       

                      There is a gold trader at my local mall. I’m not exactly sure what your point is.

                      My point is that other means of exchange are already available, and yet almost everybody in NZ uses NZD. Not because they are forced to, but because it gives us the freedom to move from store to store to get the best deal. Similarly, in warzones etc people move to other currencies freely. There is choice to move to other means of exchange all the time. But the fact that a national currency is guaranteed to be accepted anywhere in the territory makes NZD the most efficient means of exchange, so people choose that.
                      Or should Countdown be forced to accept NW coupons?

                       
                       
                      “Historically, gold and silver rushes have been large enough to distort economies.”
                      When? Historically, fiat money has and continues to distort economies.

                      As opposed to “decentralised”  currencyspeculation within countries, not just internationally.
                       

                      Diamonds aren’t actually that rare.

                      My point exactly. So linking the value of means of exchange to any commodity means that preserving a relatively constant value of the means of exchange relies on the ability of your decentralised market being able to restrict the supply of that commodity (or maintain production levels, in the case of oil).

                        
                      He doesn’t do a very good job of maintaining the value of the currency. He is mandated to devalue it by at least 1% a year. That is not stable pricing. It’s theft.

                      But it’s more stable than currency values determined by a sharemarket equivalent.
                       

                      “I’d sure as shit trust a politician rather than say a De Beer or a Zaharoff”
                      I don’t trust any of them. I’d rather see the means of exchange decentralised.
                       

                      Of course, “free markets” naturally form oligarchies like Hearst and so on. Capital advantage breeds capital advantage.

                    • Rusty Shackleford

                      McFlock, the first man to call someone a right wing nut job when they don’t subscribe to his special little view of the world is also the first to vehemently defend neo-liberal policy when his special little view of the world is threatened.

                      “Capital advantage breeds capital advantage.”
                      Tell that to Kodak.

                    • McFlock

                      McFlock, the first man to call someone a right wing nut job when they don’t subscribe to his special little view of the world is also the first to vehemently defend neo-liberal policy when his special little view of the world is threatened.

                      Seriously?
                      Where did I defend that?
                               
                      And more to the point, is your position that inflation affects government money, but not your “decentralised” limited means of exchange?

                    • Rusty Shackleford

                      Central bank activism is monetarist/neo-liberal policy. The first governor to really get involved in economic cycles was none other than Don Brash.

                      “…inflation affects government money, but not your “decentralised” limited means of exchange?”
                      I never said that either. People are likely to flee from a private currency that is losing its value. Working people can’t really flee from the dollar because what are their alternatives? Some buy gold or other commodities or other currencies but most don’t have the knowledge or wherewithal. They just accept inflation as a matter of course when they don’t really have to.

                    • McFlock

                      Central bank activism as the only mechanism of economic management, and solely obsessed with NAIRU as an economic target is monetarist/neo-liberal policy. The first governor to really get involved in economic cycles was none other than Don Brash.

                       FIFY.
                       And Brash had to work to the description in the RBA – change that and you have a Reserve Bank that works in concert with the rest of the economy.
                       

                      “…inflation affects government money, but not your “decentralised” limited means of exchange?”
                      I never said that either. People are likely to flee from a private currency that is losing its value. Working people can’t really flee from the dollar because what are their alternatives? Some buy gold or other commodities or other currencies but most don’t have the knowledge or wherewithal. They just accept inflation as a matter of course when they don’t really have to.

                       People flee from a public currency when the cost of losing its value exceeds the benefit that universal tender gives them. But the public money supply is so stable that I can’t use my McD’s free burger coupon to pay for petrol. Maybe one day you’ll be right and government will fuck up so badly that I can (but that will probably be “run for the hills” time anyway).
                         
                      You really expect people who walk past gold-traders and currency exchanges in their local mall (but still lack the “knowledge or wherewithal” to use them) to have the “knowledge and wherewithal” to speculate on internal currency fluctuations like day-traders (who are hardly ever successful, anyway)? I’m not sure you’ve thought this through.
                            

                       

                    • Rusty Shackleford

                      Ermm, the RBA came in at the height of the neo-liberal reforms.

                      “change ‘that’ and you have a Reserve Bank that works in concert with the rest of the economy.”
                      What is ‘that’? The RBA? How will changing the RBA make the Reserve bank work “in concert with the rest of the economy’.

                      I can’t believe you’re actually defending central banking. You’re probably in the minority on this site, and certainly in the minority amongst anyone who has ever studied the issue who isn’t a corporatist shill. Central banking works diametrically opposed to free citizens and works directly for the rich and large companies.

                      I suppose I shouldn’t be surprised by internal inconsistencies from you at this point.

                      “the public money supply is so stable”
                      Stable compared to what? I wouldn’t call a 70% devaluation since 1970 stable. No other asset or commodity has performed that poorly.

                      And stop calling coupons an alternative to money. I honestly thought you were being facetious the first time you brought it up. Try issuing your own currency and see what happens to you. There is NO currency competition in NZ. If you issue paper money as a medium of exchange, even if it is backed by a corresponding asset, you will go to prison. End of.

                      “Maybe one day you’ll be right and government will fuck up so badly that I can (but that will probably be “run for the hills” time anyway).”
                      Erm, well yea. That is kind of my point.

                      “to speculate on internal currency fluctuations like day-traders”
                      Good job! You thrashed that straw man to pieces! I almost feel sorry for him.

                      Currency fluctuations are caused by central banking practices. ie fiat money. If we had gold as our currency people with savings would be richer today than they were a year ago. Simply through deflation. Not even looking at appreciation in the value of the commodity. People wouldn’t need to speculate. Speculation is a by product of the inflation endemic in the issuance of a monopoly fiat currency.

                    • McFlock

                      Rusty, if you can’t identify the subject of a pretty simple paragraph, I’m not surprised you’re a tory.
                                    
                      Firstly, the RBA did come in as part of 4Lab. That does not make it bad. So did nuclear free legislation. I’m sure Roger Douglas was nice to a small child around that time, too. What makes RBA of the late 80s a truly crap idea is that it was solely obsessed with inflation as a target, rather than including GDP and unemployment. Add targets for those two – as a start – and it becomes quite interesting in a good way.  Hence the “that” – change the description that the RB works to in the RBA, i.e. the fixation on inflation. Meaning as soon as the economy starts growing, we don’t have the RB trying to slow everything down because unemployment is falling.
                               
                      Your obsession with central banking is typical of a knee-jerk “govt bad, therefore central banking bad” response, rather than actually looking at the whole subject. I don’t see the inconsistency from what I ight have said previously, but feel free to provide a link.    

                            

                      “the public money supply is so stable”
                      Stable compared to what?

                       Again, your inability to understand English. Preceding sentence you failed to quote: “People flee from a public currency when the cost of losing its value exceeds the benefit that universal tender gives them.” So the the value the public money loses (its instability) is smaller than the economic benefit people gain from being able to use it everywhere in NZ. Unless of course you can find me a law in NZ that prohibits me from issuing a promisary note that can be redeemed at any time for a given quantity of gold or potatoes.
                       

                      I wouldn’t call a 70% devaluation since 1970 stable. No other asset or commodity has performed that poorly.

                       
                      Not one asset? In the world? How about those transrail shares bought in the 1990s? DotCom bubbles? Real estate bubbles?  Zimbabwe farmland? Enron shares? A 1975 mini cooper? A monohull oil tanker built at the same time?   
                          
                      And you assume that “decentralised” money isn’t equally vulnerable to inflation and speculative devaluation.

                      If you issue paper money as a medium of exchange, even if it is backed by a corresponding asset, you will go to prison. End of.

                      Source? I’ve not heard that one before. Coupons count, IMO, because they are tokens that are exchanged for goods or services. Like dollars.
                       

                      “Maybe one day you’ll be right and government will fuck up so badly that I can (but that will probably be “run for the hills” time anyway).”
                      Erm, well yea. That is kind of my point.

                      What, that if government cash screws up I WILL be able to use McD coupons instead of dollars? But that petrol stations simply choose to not accept McDs vouchers today because they aren’t allowed?
                       
                       

                      Currency fluctuations are caused by central banking practices. ie fiat money. If we had gold as our currency people with savings would be richer today than they were a year ago. Simply through deflation. Not even looking at appreciation in the value of the commodity. People wouldn’t need to speculate. Speculation is a by product of the inflation endemic in the issuance of a monopoly fiat currency.

                      So gold prices are guaranteed to go up forever? People who invested in property over the last few years experienced the opposite. People speculate about gold. Companies expanding mines into lower-yield areas are speculating that the new high prices will remain in place long enough for the more expensive mining practices to still make a profit.
                         
                      And when you talk about “decentralised” money, are you talking gold or just everyone issuing script promising to be of the value of a certain quantity of whatever-the-fuck?
                             

      • rosy 8.1.3

        Or we’ll just start taking their democracy off them in little bits – ECan, CERA, super-city set-up, employee rights. Clearly the party in power doesn’t think much of democracy.

  9. The Baron 9

    Graph 1. “hey what else happened since 2008, beyond this govt’s control, that could explain this??!”

    Graph 2. Didn’t the labour party essentially promise to borrow even more than this over the next five years, had they have won? Aren’t you one of the voices, Zetty, that have screamed any number of times for fiscal stimulus to drive wage growth? Where do you think that stimulus would have come from?

    Oh that’s right, the solution to both is the magical money tree that Phil Goff found!

    You’re a partisan, hypocritical hack Zetitic. This strategy of outrage on finances still doesn’t work because the electorate isn’t full of the idiot public that you take them to be.

    • shreddakj 9.1

      1. That global recession that our Dear Leader assured us we were “roaring” out of.
      2. They said they were going to borrow to maintain the economy, which they would have done. That’s called being honest. Nact are borrowing to pay for things which destabilise the economy, like tax cuts for the rich.

    • Bored 9.2

      As usual Baron does not actually address the real issues, so some questions:

      Graph 1. “hey what else happened since 2008, beyond this govt’s control, that could explain this??!” yes the financial crisis….to which a prudent government might have responded how? (Try cancel tax cuts, examine carefully bail out facilities to SFC etc perhaps).

      Graph 2. Didn’t the labour party essentially promise to borrow even more than this over the next five years, had they have won? As above, when an unexpected event occurs perhaps a little prudence would dictate a different course of action like cancelling planned spending or shoring up income? Not having promised unaffordable tax cuts would have helped perhaps?

      Baron in his usual pillock way has postulated a “Labour equivalent” for the time Nact have governed whilst completely ignoring the reality the graphs demonstrate. That I suggest is a complete disregard by Key and English for prudence and an extreme hurry to place the burden of debt on the citizens for the benefit of a very few of their wealthy supporters.

  10. Huey,duey,luey could manage this economy better,key is borrowing $380 mil a week,he got caught out by borrowing more than he needs,a probe here please, also a probe into the fact
    that he is a shareholder in the bank of america where he is borrowing the money from,if
    he is borrowing more than needed,who is getting the benefit of those surplus funds?

  11. Bill 11

    …I’m in the camp that we need to earn more”

    You do get it, that the ‘we’ camp John claims to be a party to isn’t any camp seeking solutions with regards NZ, don’t you?

    The ‘we’ who have to earn more money are Johnny Boy and his ‘rip, shit and bust’ mates. And they’re setting it up nicely. And will be doing just fine soon enough…

  12. Kevin 12

    By the way Hoskings is not that bright and Key finds it easy manipulating him.

  13. (A different) Nick K 13

    John Key made a lot of money, therefore he must be doing the right thing for the country. I trust him and his cheesy smile over statistics any day.

  14. Blue 14

    When you give massive tax cuts right as a global recession hits, one of two things can happen.

    1. The tax cuts have a huge stimulatory effect, larger than has ever been recorded previously, boosting confidence and leading to a mass wave of consumption and investment while everyone is simultaneously nervously eyeing the rest of world to see if economic collapse is imminent.

    2. The Government is starved of revenue as consumption falls, jobs are cut, and exports plunge, leaving the Government to borrow lots of money and spin some bullshit about how the recovery is going to happen any moment now and they will be able to pay off the debt.

    Spending a billion on bailing out South Canterbury Finance investors probably didn’t look like such a great move after the Christchurch earthquakes hit either.

    Oh, to have had Michael Cullen as Finance Minister for another term.

    • shreddakj 14.1

      “One of two things can happen”

      Both of those things happened, almost. Nact cut taxes and starved revenue even further. This had zero stimulatory effect on the economy though, so that part of your scenario 1 didn’t happen at all. Then the government had to borrow a truckload because they had castrated the revenue stream, and didn’t put any of the money into schemes that would stimulate the economy. So they did everything just about as bad as they possibly could have. The worst of all worlds.

  15. Mark 15

    Just a question.. how much did the massive tax cuts cost.. if we can call that a cost rather than a theft reduction.
    And on what income bands did the greatest “cost” occur..
    What have the taxpayers done with the extra money they have been “given” 

    • shreddakj 15.1

      If I recall correctly, the latest round of tax cuts are leaving the government’s coffers about 2 billion dollars a year out of pocket. If John Key’s net worth is anything to go by, they’ve been busily increasing their own personal empires.

  16. Rusty Shackleford 16

    Notice how there’s no correlation between govt spending and GDP? You could extrapolate that out for decades and this axiom would remain.

    • McFlock 16.1

      And how do you get government spending from either of those graphs, Rusty?

    • Bored 16.2

      Even for you Rusty that is quite possibly the most stupid statement I have seen for a while. And it does not even relate to information on the graphs.

    • Draco T Bastard 16.3

      Government deficit closely matches private surplus. I think that’s the most telling statistic about the delusional economic theory we use.

  17. Rusty Shackleford 17

    The govt doesn’t spend the money it borrows? Interesting.

  18. McFlock 18

    Debt = spending – income, where income < spending.
          
    If you, say, cut income but maintain constant spending, then debt increases.
            
    So if you cut taxes and your spending remains the same, your debt goes up. 
       
    There is insufficient data in the graphs supplied to speculate on government expenditure levels. But don’t let that get in the way of your economic catechism. Freedom of religion, and all that.

  19. law 19

    Long term trend is an interesting look… seems the growth in debt has been on a steady increase since 2007 despite massive surpluses

    http://upload.wikimedia.org/wikipedia/commons/0/0f/New_Zealand_overseas_debt_1993-2010.svg

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    Greens | 16-10
  • MPI still dragging the chain over causes of food bug
    The Ministry of Primary Industries’ release of Environmental Science and Research’s initial reports regarding the sources of a nasty stomach bug will be little comfort to the 127 people affected by it, Labour’s Food Safety spokesperson Damien O’Connor says. “This...
    Labour | 16-10
  • Treasury officials should try working without food
    The Green Party is challenging Treasury officials to work for a week without eating properly, in light of their advice to Government that a food in schools programme is not needed."Treasury's advice was that providing food for children in schools...
    Greens | 15-10
  • Councils need to better protect our drinking water
    Environment Canterbury (ECan) is proposing several variations to its regional land and water plan that will allow for increased nutrient and other pollution from irrigation and intensive agriculture on the Canterbury Plains. Commissioners are hearing submissions on Variation 1 to...
    Greens | 15-10
  • National needs to commit to making NZ workers safe
    The National Government must do more to help make New Zealand workplaces a safer place to work in, Green Party industrial relations spokesperson Denise Roche said today.Data released by Statistics New Zealand today showed that workers in the fishing and...
    Greens | 15-10
  • Key commits to deployment before consultation or analysis
    John Key’s offer to consult Opposition parties on whether to deploy New Zealand forces against ISIS looks increasingly like a PR exercise only, says Labour’s Defence spokesperson, Phil Goff. “The presence of New Zealand’s Chief of Defence Force at a...
    Labour | 15-10
  • National must end ideological opposition to raising income
    If John Key is serious about tackling child poverty he must approach it with an open mind, and overcome his ideological block to raising incomes as a solution, the Green Party said today.Papers released to Radio New Zealand today show...
    Greens | 14-10
  • Pentagon links climate change and terrorism
    Yesterday the Pentagon launched a plan to deal with a threat that “poses immediate risks to national security”; one that “will affect the Department of Defense’s ability to defend the nation”. It wasn’t referring to Ebola or ISIS. It was...
    Greens | 14-10
  • Four Nominees for Labour’s Leadership
    As at 5pm today four valid nominations had been received for the position of Labour Leader, as follows: Andrew Little(nominated by Poto Williams and Iain Lees-Galloway) Nanaia Mahuta(nominated by Louisa Wall and Su’a William Sio) David Parker(nominated by Damien O’Connor...
    Labour | 14-10
  • Green Party calls for consultation over terrorism law changes
    The Green Party has today written to the Prime Minister asking him to engage in wider consultation prior to changing any laws as a result of the recently announced terrorism law reviews, said the Green Party today. In a letter...
    Greens | 14-10
  • MPI must name product and supermarket chain
    The Ministry of Primary Industries must name the product responsible for severe gastroenteritis affecting people around the country, and the supermarket chain distributing it, Labour’s Food Safety spokesperson Damien O’Connor says. “The Ministry seems to be more concerned about protecting...
    Labour | 13-10
  • John Key dishonest about reasons for wanting to change terrorism law
    John Key is misleading the public to push through terrorism law changes under urgency, the Green Party said today. On Sunday, John Key stated that it is not illegal for someone to fight overseas for a terrorist group, such as...
    Greens | 12-10
  • Law changes shaping up to be worse than first thought
    The Prime Minister needs to be up front about exactly what changes he is planning to make to the Employment Relations  Amendment Bill, Labour's spokesperson on Labour Issues Andrew Little says.Interviewed on Q&A yesterday John Key said he did not...
    Labour | 12-10
  • Rapists, not Tinder, the threat to women
    Blame for rape and sexual assault should only ever be laid at the door of the perpetrator, not dating services or the actions of women themselves, Labour’s Associate Police spokesperson Kelvin Davis says. “Tinder is not the problem and women...
    Labour | 09-10
  • Safer Journeys For People Who Cycle
    You have a rare opportunity to tell the people who are making the decisions on cycling how to make it better. The Cycling Safety Panel is seeking feedback on their draft recommendations for improving the safety of cycling in New...
    Greens | 08-10
  • Subsidising more pollution will undermine water clean-up plan at Te Waihora...
    In 2010, NIWA found Canterbury’s Te Waihora/Lake Ellesmere had the worst nutrient status of 140 lakes around New Zealand that it measured. In 2011, the National Government committed to spending $15 million across the country through the Fresh Start for...
    Greens | 08-10
  • Adding value not herbicides
    The HT swedes, and other brassicas, might seem like a good idea to farmers struggling against weeds but like the GE road, is this the path we want our agriculture to be treading? The Federated Farmers President, Dr William Rolleston...
    Greens | 07-10
  • ‘Blame the Planner’ bizarre approach to child poverty
    The National Government is stooping to a bizarre new low in blaming "planning processes" for poverty and inequality, after spending six years doing nothing about either the housing market or child poverty, the Green Party said today. Finance Minister Bill...
    Greens | 07-10
  • Media Advisory
    MANA Leader, Hone Harawira will not be available to speak with media today regarding his release “Recount Just One Step To restoring Credibility”. He is however available for media comment tomorrow, Tuesday the 8th of October, all media arrangements are...
    Mana | 07-10
  • RECOUNT JUST ONE STEP TO RESTORING CREDIBILITY
    “I have applied for a judicial recount of the votes in the Tai Tokerau election because it is one step in trying to restore credibility to the electoral process in the north, and, I suspect, in all other Maori electorates...
    Mana | 07-10
  • MANA SEEKS TAI TOKERAU RECOUNT
    The MANA Movement is supporting Leader Hone Harawira’s application for a judicial re-count in the Te Tai Tokerau electorate for the 2014 general election. President Lisa McNab says there are a number of serious issues of concern regarding the ability...
    Mana | 07-10
  • Ideological Blitzkrieg – Privatization of state housing, more charter sch...
    Pundits in pundit land will tell you that this Government is boring, that Key is the great pragmatist and that it is his ability to create elegant solutions that keeps him the firm favourite in many Kiwi eyes. This ability...
    The Daily Blog | 24-10
  • Hegemony rules but resistance is fertile
    The Prime Minister is a puppet. Not just our current Prime Minister, but given the forces of multinational globalisation, the role of any head of state, is less as independent actor, and more as a puppet of international trends and...
    The Daily Blog | 24-10
  • An open Letter to Sir Bob Jones: demanding a ‘liveable wage’ is not “...
    How out of touch with reality is Sir Bob Jones? You know, that white dude who invested in privatised SOEs after the selling off of our assets in the eighties and made a ludicrous and disgusting amount of money and is...
    The Daily Blog | 24-10
  • My insecurity about the Security Council
    As I write this (on 24 October) it is international UN Day. Of course, you all knew that already, right? Well, the day celebrates the entry into force of the UN Charter in 1945. With the ratification of this founding...
    The Daily Blog | 24-10
  • GUEST BLOG: Catherine Delahunty – Back in That House
    Parliament opened this week and I still find it a very odd place. Most of the people are reasonably courteous and friendly, but the rituals are archaic and the rules around issues like the swearing in oath are oppressive and...
    The Daily Blog | 23-10
  • Marae Investigates No More
    TVNZ yesterday announced the closure of their Māori and Pacific programmes department. That means they’ve chosen to stop making Fresh, Tagata Pasifika, Waka Huia and Marae Investigates to let independent producers get their hands on these lucrative contracts. This is...
    The Daily Blog | 23-10
  • BLOGWATCH: An Un-Civil War in Labour, eh?
    Earlier today, my attention was directed to an entry that’s just recently appeared on the Slightly Left of Centre blog. It purports to contain the ‘inside word’ from a highly placed NZF source – which is funny, because I’m pretty sure...
    The Daily Blog | 23-10
  • Santanomics 101
    Santanomics could mean a number of things. It could be the study and practice of giving. Or it could mean the study and practice of rampant end-of-year commercialism. However, for me today it is the economics of erectingAuckland’s giant Santa...
    The Daily Blog | 23-10
  • SkyCity boss misleads public over workers lost shifts
    SkyCity CEO Nigel Morrison has defended the employment practices at his company in an “Opinion” piece entitled “Human Capital key to corporate success” in the NZ Herald on Thursday. A number of his claims are misleading, contain only partial truths...
    The Daily Blog | 23-10
  • 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
  • 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
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    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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