web analytics

Research-based opinions

Written By: - Date published: 11:12 am, October 11th, 2012 - 62 comments
Categories: Economy, monetary policy - Tags:

Bill English on quantitative easing: “There are big risks with it and it is just barmy to suggest that in an economy growing at all that you would do it”. So, are the countries that are using QE to push up our currency growing? EU: -0.3% (14 of the 27 member states are growing), US: 2.1%, Switzerland: 0.6%, Japan: 3.3%. So, yes, countries use QE while growing – and it lets their businesses undercut ours.

62 comments on “Research-based opinions”

  1. Un. fucking. believable.

    The only reason these countries have an expending money supply is because of QE and the financial speculation the bankers still foist upon the European populations. There is rampant unemployment in Ireland, England, France, Spain, Italy, Portugal, Greece to name a few. Please, please, please stop spouting this crap.

    The worlds biggest economy is imploding right in front of our eyes!

  2. Pete 2

    The Economist explains quantative easing (2 minute video)

    With an RBNZ OCR of 2.5% I think there is still some juice in the tank before Q.E. would need to go ahead. It may be enough to direct the Governor of the Reserve Bank to take a desirable exchange rate level into acoount in a new policy target agreement.

    • Bill 2.1

      Thanks for that Pete. Seems the answer to my question (Comment 3) is that nobody anywhere has a fucking clue when it comes to the efficacy or effect of quantitative easing – it’s a ‘shot in the dark’ that economists reckon should be tried because they are flush out of ideas. Great.

      • Draco T Bastard 2.1.1

        Most economics is a shot in the dark – that’s because most economics isn’t based upon reality.

  3. Bill 3

    I don’t pretend to understand mystifying jargon such as ‘quantitative easing’. But I came across this and was wondering if somebody more ‘in the know’ would care to comment, clarify or otherwise explain.

    In the U.S., a third round of excess money printing — called Quantitative Easing — began recently in which banks are directly profiting by unloading their toxic mortgages on the Federal Reserve’s balance sheet (another backdoor bailout paid by taxpayers).

    http://www.zcommunications.org/capitalisms-two-step-survival-plan-austerity-and-structural-reform-by-shamus-cooke

    • I rely on Investopedia a lot for the first simple definition of a term I don’t understand.
      In the paragraph you quoted they discuss a money printing round (that is essentially what QE is) in order to by dollar for dollar all the fraudulent mortgage and other asset backed derivatives from banks. That means that all these banks are going to have billions of dollars available which were not in existence before.

      The problem is that those derivatives are essentially worthless and will never be traded again and the money brought into existence to cover the fraud is going to dilute the money supply just like counterfeit money would.
      It means that as people catch on they will loose trust in the system and where that leads is anyone’s guess.

    • Bunji 3.2

      Actually what the Greens are sensibly suggesting wouldn’t in fact be quantitative easing (see comments in James’ article). But that’s by-the-by…

      There are very different things you can do with that money you (virtually) print (it’s not like you’d actually waste the paper making bills…). It seems to be the current trend to use it to bail out the banks, thus protecting the 1%’s money, and keeping fluidity in our broken banking system. It could also be shared out equally among the population (inflationary, but net good for the masses, bad for the asset rich); or just used for the government’s expenses (saves taxing or borrowing); or the Green’s suggestion: rebuilding the Government’s savings, which wouldn’t be inflationary at all, as the money wouldn’t be spent – not unless there was another natural disaster, in which case we might be quite keen on the idea…

    • Lightly 3.3

      the Fed is buying mortgage-backed securities to push down the interest rates on those securities, which, in turn, means more available and affordable mortgages. In the US, as opposed to here, the housing bubble did burst and now it’s nearly impossible for young families to get into home ownership because no-one will lend. The bad results are multi-faceted – less social stability, less work in construction, lower quality housing stock…. – the Fed is trying to get the mortgage market functioning at reasonable levels again.

  4. Can I recommend a long soujourn in Greece, Spain, Italy, Portugal, Ireland – even the UK?

    These countries’ economies are in a process of COLLAPSE.

    Growth is dead.

    http://www.3news.co.nz/Oil-supply-could-end-economic-growth—expert/tabid/1160/articleID/271417/Default.aspx

    • Add to that list Hungary, Roumania, Latvia and any number of other European countries…. and did I forget France?!

      • travellerev 4.1.1

        And dare I say it, Germany is on the way out too!

        [lprent: Use double quotes on hrefs. ]

        • Jackal 4.1.1.1

          What a bullshit link travellerev… Germany doesn’t have debt to GDP of 300%. Stop all the baseless scare mongering eh!

          • travellerev 4.1.1.1.1

            Folks, this is the original page the link I gave here is linked too. These guys are well respected investment advisers and know what the fuck they are talking about. The Euro is collapsing and Every European Country is holding on to every other European country while they are drowning in a sea of red ink, the Fiat system is crumbling under $1.5 quadrillion in toxic derivatives. That is 20x global GDP!

            [lprent: That doesn’t look like a link on anything like the subject. It looks like some speculation on a attack on Iran? WTF? I crossed it out. ]

            • travellerev 4.1.1.1.1.1

              People make mistakes Iprent. I have  about a 130 tabs open on average most days when I do my reading. Why the aggression? Here is the site I wanted to link too. You could have just pointed it out without the WTF. I’m sorry the financial info I bring gets up your nerves but the reality is what it is.

              Here is another link people might be interested in:

              The 25 most dangerous reporting units in the Financial world from the Huffington post.

              The best financial reporters are : No 1 Max Keiser with Stacey Herbert and second Zero Hedge which is a group of traders publishing under the guise of Tyler Durden. They make their money in the current market and I put it to you that in order to do so you have to know bloody well what your doing and what the hell is going on in the financial world!

              [lprent: I look at links because others look at links and some of the daftest debates happen around daft links. That is why the comment back end shows the link right next to the link text so I can check them out, or fix them like the missing link in the other comment. ]

              • Zorr

                130 tabs open, huh?

                That doesn’t actually lend any strength to your argument as it actually suggests that you, at best, are skim reading and, at worst, skim “skim reading”…

                I would much rather just get on with living and surviving in whatever world I find myself in than attempting to stay up to date with all the crookedness and crony capitalism in the world. I can affect my local community and attempt to influence beyond that – but everything starts at home.

                You don’t fix your town in NZ by focusing on Wall St. It is enough to know that there are sharks in the water that have smelt blood.

                • Kotahi Tāne Huna

                  130 tabs, and all saying the same thing: what Ev wants to hear.

                  • Murray Olsen

                    What they actually say isn’t that important. Ev hears what Ev wants to hear.

                    • Says the guy who bans anyone with a different opinion from a communal facebook page. How many is it these day Murray? 50- 100.

                    • Colonial Viper

                      I have only one thing to say: a kerosene fire cannot appreciably weaken structural steel at any real distance from the base of the fire.

                      And even at its hottest, an open air kerosene fire can only cause relatively slight weakening of structural steel.

                    • McFlock

                      That’s two things.
                             
                      And both are irrelevant to the point of surrealism. 

                    • Colonial Viper

                      Ah sorry counting power was down.

            • higherstandard 4.1.1.1.1.2

              Clark and Dawes on Europe’s finances.

          • Robin Westenra 4.1.1.1.2

            I think Travellerev is probably right.

            You need to take into account TOTAL debt. It is private and corporate debt that is going to be the killer.

            • Colonial Viper 4.1.1.1.2.1

              corporate debt is private debt.

              What you want is private debt + public debt + SHADOW BANKING DEBT

          • Robin Westenra 4.1.1.1.3

            Scare-mongering?!

            Would you rather tell lies than let the truth be known?!

            • Jackal 4.1.1.1.3.1

              There’s a pretty big PROBABLY there Robin Westenra. Personally I don’t like lies and I don’t like scaremongering. Just to let you know why travellerev’s link is entirely wrong, you don’t get to count TOTAL debt in a percentage of GDP because there are lots of different types of debt. Some debts have no bearing on a countries GDP.

              There’s also a rather large European Stability Mechanism that is about to fully kick in to help them through their debt crisis. This is funded by European countries. They have only pledged and used around 40% so far. This is money the Europeans are using to help Europe through the debt crisis, meaning interest will be paid back to European countries to ensure further stability in the future.

              travellerev your link proves nothing… It’s simply more baseless bullshit!

              • Yeah about that European Stabilisation Mechanism. It got down graded the day it got established and here are some of the rules it operates under:

                http://www.youtube.com/watch?v=gls3pO-94b4

                • Colonial Viper

                  Bejeeezus dudes. The ESM had fuck all actual money in it. Just member country commitments (i.e. IOUs) for money which was never, ever going to eventuate in reality.

                  Wake up you’ve all been had.

                  Why do you think every time they launch one of these stability funds, the debt markets stabilise happy for all of 72 hours? Before it all tanks once more. That’s how long it takes for people to figure out that once again, the Emperor has no clothes.

          • Colonial Viper 4.1.1.1.4

            Jackal said:

            What a bullshit link travellerev… Germany doesn’t have debt to GDP of 300%. Stop all the baseless scare mongering eh!

            You so missed the point. Which is:

            Who has Germany made bad loans to. Using the money of their nation, the profits of their companies, and the savings of their citizens. And how much do they add up to.

        • travellerev 4.1.1.2

          I always did and then for some reason it didn’t work any more and I started using single quotes and that seemed to work for awhile but yeah sweet as I’ll use double quotes again.

    • Wheezing&Easing 4.2

      Nonsense. I was biking around there 2007-08 looking at budget tourism, economic status etc and they were not in a state of collapse. Mostly looking poorer than NZ and certainly the bumptious Oz tourists but not collapse. Hysteria hits NZ.

  5. Bill 5

    Okay. So thanks for the comments above. The choice then, is – a) to channel money to speculaters who lost a lot of money in order that they can continue to spectulate and in the vain hope they lend money to productive sector businesses. Or b) to channel money directly into the ‘really existing’ productive sector via either business activity/loans (or government spending programmes) or to the money spending public via debt forgiveness or whatever other mechanism.

    But then I guess if some form of option b) was pursued the argument might run that with banks being hung out to dry, option b) would collapse in on itself….which is why option a) is always pursued.

    So why not simply nationalise the banking and financial sectors and kill several birds with one stone?

    • Murray Olsen 5.1

      Good question, Bill. I don’t know of any good answers to it.

    • Draco T Bastard 5.2

      Because then the banksters will lose power and wealth while the population becomes better off proving that capitalism is bad for society once and for all.

  6. alwyn 6

    I haven’t bothered to check all the countries you list but I did look at Japan on the OECD link you provided. The claim that Japan had GROWN by 3.3% seemed totally fanciful.
    The figures on our so-helpful link are, from the expenditure approach and in trillions of yen.
    2006 506.687
    2007 512.975
    2008 501.209
    2009 471.139
    2010 481.773
    2011 468.496 (est)
    I would love to see how you turned this series into 3.3% growth. It looks to be a pretty steady decline to me.

    • Jackal 7.1

      You say in your post that the Greens have put global warming, globalisation and Peak Oil on the back burner… What do you base this accusation on Robin Westenra, your own ignorance perhaps?

      You also say that the US, Switzerland and Japan are on the verge of financial collapse. What are you basing this statement on, because if you’re going to claim the end is nigh, you had better have something better than assumptions.

  7. Wheezing&Easing 8

    Look at The Economist p27 Oct 6th 2012 and educate yourselves …. and there is a useful though sometimes bizarre article by Andrew Geddis in The Pundit. Debunking Economics by Oz economist Steve Keen is a handy resource too for these times. And one can always return to the wise words of that clever mathematician and speculator Maynard Keynes who knew a thing or two about public finance and international currency movements.

  8. Murray Olsen 9

    What Russel Norman is proposing does not fit the model used by Obama in the US and A to keep the banks viable, but don’t let the facts get in the way of a good rave, especially when you can find links to Randian worship sites. That’s the main problem with thinking you can research this stuff off the internet without having any background with which to analyse it. It’s the same attitude that leads to cult-like belief in chemtrails and HAARP for control of the weather, while denying at the same time that AGW is possible. In the end, it has far more to do with religion than politics, economics, or science.

    • Says the guy who never ever has to prove his point of view with a single link. How is it in good old Oz M university treating you well? Seems you have plenty of time online to troll.
       

      • Murray Olsen 9.1.1

        Points of view are just that – points of view. They can neither be proven or disproven. In that sense they are just like accusations of trolling, or believing that Russel Norman is the equal of Mugabe.
        And the university treats me very well, thankyou. They still have good policies in Australia for people with terminal diseases. Would you like a link about that to guide your personal attacks more accurately?

        • Murray Olsen 9.1.1.1

          Seeing as Ev brought up the topic of banning people from a communal facebook page, I’d like to state that a moderator banned her for abusive behaviour. Several other people have been banned for similar things, and the moderators ban people who insist on publishing stuff to do with conspiracy theories, a large number of which seem to be antisemitic. I am no longer even a member of that page and did not ban Ev, although I fully supported the action.

        • Draco T Bastard 9.1.1.2

          Points of view are just that – points of view. They can neither be proven or disproven.

          That’s a load bollocks. Anything that is contravened by reality is inherently dis-proven.

          https://theconversation.edu.au/no-youre-not-entitled-to-your-opinion-9978

          • Murray Olsen 9.1.1.2.1

            I disagree. The knowledge that a person may rely on to develop a particular point of view, or the way they manipulate that knowledge, may be wrong, but a point of view such as, e.g. “I do not believe everything I see on conspiracy sites is correct” is neither provable nor disprovable. If I claim that the WTC broke all the laws of physics, that is put forward as a statement of fact, and can be put to a truth test. If I ask a question as to how the Biot-Savart Law was broken, for example, that is a question and has no truth value. An answer to it would have. Apart from one quick calculation which I did which showed that the rate of progress of the collapse of the two main towers could only be considered freefall if gravity had 1/3 of its actual strength, I have made no statements about any of the stuff Ev posted in many, many places. However, daring to ask any question of any conspiracy theorist is usually replied to with some statement such as “Feel free to remain asleep and believe everything your government tells you”, and then goes downhill from there.
            I hope this sheds some light on the matter and is not a further load (of) bollocks.

            • Draco T Bastard 9.1.1.2.1.1

              The knowledge that a person may rely on to develop a particular point of view, or the way they manipulate that knowledge, may be wrong, but a point of view such as, e.g. “I do not believe everything I see on conspiracy sites is correct” is neither provable nor disprovable.

              Actually, that statement could be dis-proven. Difficult, yes, but not impossible. There’s two possibilities about it:

              1.) The person is outright lying or
              2.) The person actually believes that they don’t when they actually do

              Both conditions could be tested with some accuracy.

          • travellerev 9.1.1.2.2

            It was you Murray and I was not abusive you where just like you are here. A troll with little more than abusive one liners with little or no substance other than accusational suggestions not supported by anything other than your vitriol and you didn’t like it when I called your bluff.
            The others were not banned for their rudeness either. They were banned because they had the audacity to confront you and to put links to the events to 9/11 on the page.

            Time will show you up for the nasty little troll you are here too.

            • Murray Olsen 9.1.1.2.2.1

              Telling me that you eat little boys like me for breakfast is hardly calling a non-existent bluff. Neither is chanting that I know nothing about the scientific method when I refuse to accept youtube as a reputable source.
              Moreover, a question about which of the laws of physics was actually broken (all of them leaves plenty of opportunity to give a specific example) at the WTC is hardly an accusational suggestion. 
              I’m here because I’m a socialist and think socialism offers a worthwhile future for our country. I make comments now and then. Mostly I read and learn. I haven’t been able to work out why you’re here when you think the Greens are channeling Mugabe and seem to mostly cut and paste stuff from US libertarian/Randian websites. But I suppose time will tell, as you say.

              • ROFL. That tells me all I need to know about how you feel about yourself.

                This is the conversation as it really was:

                You said: Has anybody told you what a lovely lady you are (or words to that extend)? (Sarcasm dripping here)

                And I said: I’m not here to be a lovely lady and while that might have worked when I was an itty bitty girl it doesn’t now. Now I eat guys like you for breakfast.

                That was it. No warning nothing. Banned, and not just banned, blocked and all my comments deleted. 

                That’s how scared you where of having someone call your bluff. You’re a narrow minded vitriolic troll, little boy. ROFL!!!

                And while you’re at it you might take a lesson from Iprent and his team as moderators. I think in the 6 years I’ve been commenting here only once has someone let his personal feelings get in the way of their job: Moderating!

                And rest assured I have gotten up their noses often.

                You on the other hand challenge people constantly and when they don’t surrender to your venality you ban them. That is not what a Moderators job is that is what an immature asshole like you pretending to be one does.

                • Murray Olsen

                  Given that I didn’t ban you, did you stop to think you get up other people’s noses as well? As for the rest of your post, there’s about as much fact in it as in your blog. Have a nice day.

  9. higherstandard 10

    QE explained superbly by Clark and Dawes.

  10. lefty 11

    Improving the economic well being for the majority of New Zealanders comes down to needing to change power relationships before anything worthwhile can be achieved.

    As things stand, any advantages from deploying QE, or any other economic mechanism, would quickly be harvested for the benefit of the already overpriviliged and to the detriment of the rest of us.

    • Draco T Bastard 11.1

      It definitely has to be done correctly but I think it can be done in such a way so as to correct for those power imbalances that you mentioned.

  11. Poission 12

    leaving aside QE ,the trading nations,Brazil,and Korea both cut interest rates today,Singapore yesterday (where they use a weighted currency similar to the TWI and change bands accordingly) in addition they capped property loans to stop the housing bubble.

  12. xtasy 13

    Rate of GDP based debt is all relative to national wealth and assets, so Japan manages. Germany has some fair debt too, but they manage. Other countries have high debt, and they managed for decades. This is an ideology driven agenda to suck the blood out of the poorest countries and people to the last drop, nothing else. Greece is dying due to bloody AUSTERITY. Spain is heading the same way, next will be Italy. NZ is a fake economy of small scaly wannabe activity. It is a game for currency gamblers. OK there is real exports and so, but little economic activity inside, except real estate bubble. The migrants love it. Wonder why tens of thousands of poms and Asians move here? Nothing else, not for economic contribution, for REFUGE! Fuck that, put a high tax on migrant investment for a start, NZ is top destination, no matter what. Bring in capital gains tax. But lower company tax and give tax holidays to investors to bring REAL investments here. More can be done, but Kiwis are too DUMB to ever get it right. Some dream of one extreme, the others of the other, so it is a never ending rat race to nowhere. I look forward to my one way ticket out of this DUMP!

  13. xtasy 14

    You do not need “excessive” nor “obsessive” growth either, as some leading economies have managed for years with low growth, but given the wealth basis they have, a single per centage of growth is more than many countries would even achieve in a few years.

    It is a relativity game, pollies love it. I went back to Europe the first time after 10 years in 1992, and I was SHOCKED about how BACKWARD NZ was. I missed 10 years, losing out on low pay, while others in my family did ok and built their own homes, supported by cheap loans and advantageous tax rules by the government there.

    I went back there for a few years and was a total idiot to come back here 7 years ago. I heard this BS about high growth and full employment, thinking that is the way to go and get my own home here. What a fucking dumb mistake, the biggest mistake I made in my whole life. Fucked up now, no hope of anything but a low wage shit society, full of hatred, envy, bene bashing (even if you are sick) and worse.

    I could live more comfy on a benefit in most of Europe, despite of the cuts there, but the idiots here think things are so bad, that people there starve. It is the injustice and radical change that drives people on the streets there. Wait another year or two here, it will be much worse here. I get this all the time from Kiwis, oooh, it is worse there, but it is BULLSHIT. NZ is behind, will always be, never will change, as the elite here run things, and all you get is a choice between bigger and lesser evil, Nats or Labour, both known liars and manipulators.

    You are truly screwed, you could do better as a people, but most have NO guts, NO interest, ONLY think of NUMBER ONE, are words and empty spaces re protests, are cowards, useless, ignorant and have no right to live in such a rich country as this. That is why I would welcome another people and nation to take this land to make more use of it than this hopeless, corrupt government and elite of rotten anglo saxon extraction, that only use it for their own purpose and benefit, but really RUIN it!

    Sorry, I had enough of all this SHITE!

    • Draco T Bastard 14.1

      NZ is behind, will always be, never will change, as the elite here run things, and all you get is a choice between bigger and lesser evil, Nats or Labour, both known liars and manipulators.

      No, NZ won’t always be behind as the Nats and Labour won’t always be the controlling party in government. I’m hoping that, over time, the government won’t be the controlling influence at all.

Links to post

Recent Comments

Recent Posts

  • EY: TPP stamp duties on foreigners may have to apply to Kiwis
    The Government’s claim that a TPP-enabled tax on foreign buyers would amount to a ban has been exposed as folly by tax experts, who say that in most cases a tax would apply to Kiwi buyers too, says Labour’s Trade ...
    14 hours ago
  • Project 300 short on facts
    A Minister’s pet scheme to employ 300 disabled people in Christchurch seems to be short on facts, says Labour’s Disability Issues spokesperson Poto Williams.  “Nicky Wagner cannot provide solid evidence to show that her much vaunted Project 300 has actually ...
    15 hours ago
  • Who are they going to call?
    A cry for help from New Zealand’s longest-running crisis line highlights chronic underfunding of the sector by the Government, Labour’s Health spokesperson Annette King says. “Lifeline is THE go-to helpline for people in crisis, taking up to 180,000 calls each ...
    21 hours ago
  • Five months too long for homeless to wait
    New figures revealing homeless people registered with Work and Income are waiting an average of 155 days to be housed shows the Government is totally overwhelmed by the housing crisis, Labour’s Social Development spokesperson Carmel Sepuloni says. “What’s worse is ...
    1 day ago
  • Minister in cloud cuckoo land
    Hekia Parata needs a very big reality check if she truly believes every parent has the choice of sending their child to a private school, Labour’s Education spokesperson Chris Hipkins says. Questioned in the House today about plans to pump ...
    2 days ago
  • Convention centre failure means years of uncertainty for CBD
    The failure of Gerry Brownlee’s planned convention centre deal leaves Christchurch facing uncertainty about when activity will be restored to the CBD, says Labour’s Canterbury spokesperson Megan Woods. “As one of the CBD’s major anchor projects, the convention centre complex ...
    2 days ago
  • PCE proves water quality still deteriorating
    The PCE State of the Environment Report shows that river water quality is continuing to get worse across large parts of New Zealand, says Labour’s Environment and Water spokesperson David Parker. “Water quality has deteriorated in Canterbury, Central Otago, Auckland, ...
    2 days ago
  • Families with new babies victims of today’s veto
    Families with new babies are the victims of an historical “first” for the New Zealand Parliament today. “For the first time ever, a Bill will have a third reading debate and no vote will be taken at the end because ...
    2 days ago
  • Crime on the rise…again!
    The Police Minister’s contention that Police have enough resources to meet the expectations of New Zealand communities is not reflected in the Police’s own statistics, says Labour’s Police spokesperson Stuart Nash.  “Yet again, reported burglaries have increased in every region ...
    2 days ago
  • Private schools beneficiaries of extra cash
    Plans to give more taxpayer money to private schools at a time when state schools are struggling to make ends meet says everything about the National Government’s twisted priorities, Labour’s Education spokesperson Chris Hipkins says. “Not only did this year’s ...
    3 days ago
  • Inequality getting worse under National
    Inequality is getting worse under National with almost 60 per cent of the wealth in this country concentrated in the hands of the top 10 per cent according to Statistics NZ figures released today, says Labour’s Finance spokesperson Grant Robertson. ...
    3 days ago
  • Government freezes elderly out of insulation subsidy
    Government cuts to the Warm Up New Zealand insulation subsidy means it will now only be available for rental properties and could leave many elderly homeowners cold this winter, Opposition Leader Andrew Little says. “In this year’s Budget the Government ...
    3 days ago
  • Shewan report delivers rebuke to National
    John Shewan’s report into foreign trusts is a rebuke to John Key and the National Party who have protected an industry that has damaged New Zealand’s reputation, says Labour’s Finance spokesperson Grant Robertson. “Three years ago the Inland Revenue Department ...
    4 days ago
  • Auckland Airport rail analysis must be made public
    The Government should publicly release its detailed analysis of rail to Auckland Airport before it closes off options, so the public can have an informed debate, says Labour’s Auckland Issues spokesperson Phil Twyford. The Transport Agency today said it is ...
    4 days ago
  • Minister approved OIO consent despite death and investigations
    Louise Upston must say if she knew Intueri was being prosecuted for the death of a student and under a funding investigation when she approved its overseas investment consent to buy another education provider, says Labour’s Land Information and Associate ...
    5 days ago
  • Brexit vote costs NZ effective EU voice
    Despite being extremely close the result of the referendum in Britain reflects the majority voice, Labour’s Foreign Affairs spokesperson David Shearer says. “While we respect the decision to leave the EU, it goes without saying the move will usher in ...
    6 days ago
  • Pasifika Education Centre doomed
    The Pasifika Education Centre appears doomed to close down this December, says Labour’s Pacific Island Affairs spokesperson Su’a William Sio  “In a written question I asked the Minister whether he would put a bid in for more money. His answer ...
    7 days ago
  • Onetai Station review a shameful whitewash
    A report released today on the Overseas Investment Office’s (OIO) good character test is a whitewash that does nothing to improve New Zealand’s overseas investment regime, says Labour’s Land Information spokesperson David Cunliffe. “The review of the good character test ...
    7 days ago
  • We need a national strategy to end homelessness now
    Long before I entered Parliament, housing and homelessness were issues dear to my heart. I know from personal experience just how hard it is to find an affordable home in Auckland. In my maiden speech, I talked about how when ...
    GreensBy Marama Davidson
    7 days ago
  • Capital feels a chill economic wind
      Wellington is on the cusp of recession with a sharp fall in economic confidence in the latest Westpac McDermott Miller confidence survey, says Labour’s Regional Development spokesperson David Clark.  “Economic confidence amongst Wellingtonians has dropped 12% in the past ...
    7 days ago
  • Dive school rort took six years to dredge up
    News that yet another private training establishment (PTE) has rorted the Government’s tertiary funding system since 2009 shows that Steven Joyce has no control of the sector, says Labour’s Associate Education (Tertiary) spokesperson David Cunliffe. “Like Agribusiness Training and Taratahi, ...
    1 week ago
  • National’s housing crisis hitting renters hard
    National’s ongoing housing crisis is causing massive rental increases, with Auckland renters being hit the hardest, says Labour’s Housing spokesperson Phil Twyford. ...
    1 week ago
  • A Day with the PSA
    This week, along with Labour MP Kris Faafoi, I accepted an invitation to spend a day working alongside the good folk at the Public Service Association in Wellington. As the Workplace Relations and Safety spokesperson for the Greens, I was ...
    GreensBy Denise Roche
    1 week ago
  • A Day with the PSA
    This week, along with Labour MP Kris Faafoi, I accepted an invitation to spend a day working alongside the good folk at the Public Service Association in Wellington. As the Workplace Relations and Safety spokesperson for the Greens, I was ...
    GreensBy Denise Roche
    1 week ago
  • Government holds Northland back
    New information shows Northland remains the most economically depressed region in New Zealand, says Labour’s Regional Development spokesperson David Clark. “The latest Westpac McDermott Miller regional survey found that more Northlanders believe their local economy will deteriorate this year than ...
    1 week ago
  • Rebstock report into MFAT leaks a disgrace
    An Ombudsman’s report on the Paul Rebstock investigation into MFAT leaks shows the two diplomats at the centre of the case were treated disgracefully, says Labour’s State Services spokesperson Kris Faafoi.  “The Ombudsman says one of the diplomats Derek Leask ...
    1 week ago
  • More families forced to turn to food banks for meals
    Increasing numbers of families are having to go to food banks just to put a meal on the table, according to a new report that should shame the Government into action, says Labour’s Social Development spokesperson Carmel Sepuloni. ...
    1 week ago
  • We have a housing emergency in New Zealand
    Auckland, New Zealand, where house prices have risen 20 percent in the last year alone We have a housing emergency in New Zealand.  Like many people we are ashamed and angry that in a wealthy country like ours, we have ...
    GreensBy Eugenie Sage
    1 week ago
  • We have a housing emergency in New Zealand
    Auckland, New Zealand, where house prices have risen 20 percent in the last year alone We have a housing emergency in New Zealand.  Like many people we are ashamed and angry that in a wealthy country like ours, we have ...
    GreensBy Eugenie Sage
    1 week ago
  • Aussie reforms signal trouble ahead for school funding plan
    Plans by the Government to return to bulk funding are likely to see increased class sizes and schools most in need missing out on much-needed resources, Labour’s Acting Education spokesperson Grant Robertson says. “The signaled return to bulk funding is ...
    1 week ago
  • Toxic Sites – the down low on the go slow
    In  2011, I negotiated an agreement with the National Government to advance work on cleaning up contaminated sites across the country. This included establishing a National Register of the ten worst sites where the creators of the problem could not ...
    GreensBy Catherine Delahunty
    1 week ago
  • Aucklanders face new motorway tax of up to $2500 a year
    The Government wants to tax Aucklanders thousands of dollars a year just to use the motorway network, says Labour’s Auckland Issues spokesperson Phil Twyford. “Officials estimate the average city commute is 11.8km. This means for the average Aucklander commuting five ...
    1 week ago
  • 15 corrupt bank managers identified in student fraud
    New information show 15 bank managers in India have been identified by Immigration New Zealand as presenting fraudulent documents on behalf of foreign students studying here, Labour’s Immigration spokesperson Iain Lees-Galloway says. “Documents obtained by Labour under the Official Information ...
    1 week ago
  • National leaves Kiwi savers the most vulnerable in OECD
    News last week that Israel’s Finance Minister will insure savers’ bank deposits means New Zealand will be left as the only country in the OECD that has no deposit insurance to protect savers’ funds should a bank fail. Most Kiwis ...
    GreensBy James Shaw
    1 week ago
  • Comprehensive plan for future of work needed
    A Massey University study showing many New Zealanders are unaware of the increasing role of automation in their workplace, highlights the need for a comprehensive plan for the future of work, says Grant Robertson, Chair of Labour’s Future of Work ...
    1 week ago
  • Another National Government failure: 90 day work trials
    On Friday last week, the Treasury released a report by MOTU economic consultants into the effectiveness of the controversial 90-day work trial legislation. The report found that there was “no evidence that the policy affected the number of hires by ...
    GreensBy Denise Roche
    1 week ago
  • Iraq mission extension case not made
    The Prime Minister has not made the case for extending the Iraq deployment another 18 months nor the expansion of their mission, says Opposition Leader Andrew Little.  “Labour originally opposed the deployment because the Iraqi Army’s track record was poor, ...
    2 weeks ago
  • Denial is a long river
    William Rolleston from Federated Farmers made the absurd claim on RNZ on Saturday that “we actually have very clean rivers”. This statement doesn’t represent the many farmers who know water quality is in big trouble and are working to clean ...
    GreensBy Catherine Delahunty
    2 weeks ago
  • Denial is a long river
    William Rolleston from Federated Farmers made the absurd claim on RNZ on Saturday that “we actually have very clean rivers”. This statement doesn’t represent the many farmers who know water quality is in big trouble and are working to clean ...
    GreensBy Catherine Delahunty
    2 weeks ago
  • Melanoma deaths could be avoided by an early access scheme
      The tragic death of Dunedin’s Graeme Dore from advanced Melanoma underlines the cruelty of this Government in promising a treatment but delaying for months, says Labour’s Health Spokesperson Annette King.  “Graeme was diagnosed with Melanoma last year. He used ...
    2 weeks ago
  • Assessing the Defence White Paper
    The Government’s recently released Defence White Paper has raised questions again about New Zealand’s defence priorities, and in particular the level and nature of public funding on defensive capabilities. The Green Party has a longstanding belief that priority must be ...
    GreensBy Kennedy Graham
    2 weeks ago
  • Kiwis’ confidence drops again: Economy needs a boost
    Westpac’s consumer confidence survey has fallen for the seventh time in nine quarters, with middle income households ‘increasingly worried about where the economy is heading over the next few years’, says Labour’s Finance spokesperson Grant Robertson. “This survey is a ...
    2 weeks ago
  • Relocation grant simply kicks can down the road
    The response by state house tenants and social agencies to the Government’s rushed plan to shift families out of Auckland tells us what we already knew – this is no answer to the chronic housing shortage, Opposition Leader Andrew Little ...
    2 weeks ago
  • Peace hīkoi to Parihaka
    On Friday a Green crew walked with the peace hīkoi from Ōkato to Parihaka. Some of us were from Parliament and some were party members from Taranaki and further afield. It was a cloudy but gentle day and at one ...
    GreensBy Catherine Delahunty
    2 weeks ago
  • Children’s Commissioner right to worry about CYF transition
    The Government must listen to the Children’s Commissioner’s concerns that young people under CYF care could be ‘negatively impacted’ as the new agency’s reforms become reality, says Labour’s Children’s spokesperson Jacinda Ardern. “Dr Russell Wills has used the second annual ...
    2 weeks ago
  • Bill English exaggerates PPL costs to justify veto
    The Finance Minister has used trumped-up costings to justify a financial veto against parents having 26 weeks paid parental leave, says Labour MP Sue Moroney. “Bill English’s assertion on RNZ yesterday that the measure would cost an extra $280 million ...
    2 weeks ago
  • Government must refund overcharged motorists
    Labour is calling on the Government to refund motor registration fees to three-quarters of a million Kiwi motorists whose vehicles were wrongly classified under National’s shambolic ACC motor vehicle risk rating system, Labour’s ACC spokesperson Sue Moroney says.“Minister Kaye’s ridiculous ...
    2 weeks ago
  • 90-day work trials an unfair failure which must change
    A new Treasury report shows the Government’s 90-day trials haven’t helped businesses and are inherently unfair, Labour’s Workplace Relations spokesperson Iain Lees-Galloway says. “The Motu report found that 90-day trial periods had no impact on overall employment and did not ...
    2 weeks ago
  • Massey East houses a start but Nick Smith should think bigger
    The Massey East 196-home development is a start but the Government must think bigger if it is to end the housing crisis, Labour’s Housing spokesperson Phil Twyford says. “It is great the Government is finally realising it needs to build ...
    2 weeks ago
  • More changes needed to ensure fewer cases like Teina Pora’s
    Teina Pora spent 21 years behind bars for a crime he didn’t commit, shafted by a Police investigation that prioritised an investigator’s hunch over the pursuit of credible evidence. Yesterday’s announcement that the government is to pay him $2.5m in ...
    GreensBy David Clendon
    2 weeks ago

Public service advertisements by The Standard

Current CO2 level in the atmosphere