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Sovereign debt

Written By: - Date published: 10:55 am, March 10th, 2010 - 41 comments
Categories: Economy, International - Tags: , , ,

The world’s economy has not truly recovered from the recession, it has just been artificially reanimated by vast injections of Government bailout money. Capitalism has been rescued by good old fashioned Socialist Big Government, and the bill is being sent to we the taxpayers. What if we decided not to pay? The people of Iceland just said “No”.

The background is complicated (Wikipedia has a good summary). When Iceland’s economy collapsed in 2008-2009 their three main commercial banks failed. 400,000 “Icebank” customers in the UK and the Netherlands were bailed out by their governments under a deposit insurance scheme, and Iceland ended up 3.8bn euros in debt to those countries. With a population a little over 300,000 that’s about 12,000 euros (over NZD 23,000) per person.

Understandably this is a huge political issue in Iceland. The attitude of the average citizen is – why should we pay for the stupid, and often criminal mistakes of financial speculators. (“Public outrage has been brought to a peak by the fact that there are now 43 cases of alleged criminal activity under investigation in connection with the country’s scandal-hit financial institutions”). So in a referendum on March 6th, 93% percent of voters opted not to repay. This is an international bombshell:

British fury after Iceland blocks £2.3bn repayment

Iceland’s president stunned his nation yesterday by refusing to sign off on a plan to repay £2.3bn owed to the British taxpayer, reigniting a major diplomatic row with London and leaving Gordon Brown and Alistair Darling mortally embarrassed at the latest twist in the saga of Reykjavik’s banking meltdown.

Where the people of Iceland have led, will others follow?

On Saturday Icelanders became the world’s first rebels against the idea of clearing up after the mess made by a reckless private bank. This popular insurrection has been watched anxiously by the governments in Greece, Ireland, eastern Europe and even Britain concerned that this defiance could become contagious.

This highlights the fundamental weakness of the world economy. Once nations start defaulting on “sovereign debt”, the whole house of cards could come tumbling down. Most commentators pick Greece as the next crisis point:

The Greek prime minister George Papandreou is embarking on a whirlwind tour of western capitals to drum up support for his crisis-stricken country. Beginning today in Berlin, where he will meet the German chancellor Angela Merkel, before travelling on to Paris and Washington DC for talks with presidents Sarkozy and Obama, Papandreou’s diplomatic offensive will determine whether Greece can secure help from its fellow eurozone members or whether the IMF will eventually be called in. What’s at stake is no longer just Greece’s creditworthiness, but also Europe’s credibility.

Whether the inevitable is temporarily delayed by another round of bailouts or not, eventually the bill will arrive, and people will be faced with the same decisions faced by Iceland. If Greece defaults, the consequences are huge:

Greek tragedy may be dress rehearsal for bigger crisis

In December I noted that if Greece was left to default on its bonds (without a bailout) this would lead to skyrocketing interest rates on Irish, Italian, Spanish and Portuguese debt followed by a nightmare domino-effect sovereign debt collapse/national bankruptcies across the entire eurozone. Carl Heinz Daube, the head of German’s debt agency Finanzagentur told the Euromoney bond congress in London that “if one member of the eurozone were to step out for any reason, this would be a collapse of the entire system.”

What Daube failed to mention, however, is an even more serious issue: Greece, by any means, only represents the tip of the iceberg of what is a much wider sovereign debt crisis that could soon catch fire across most of mainland Europe, Britain and the United States. So, with or without a bailout of bankrupt Greece, the same fate could soon befall other too-large-to-bail nations.

Another example:

It began in Athens. It is spreading to Lisbon and Madrid. But it would be a grave mistake to assume that the sovereign debt crisis that is unfolding will remain confined to the weaker eurozone economies. For this is more than just a Mediterranean problem with a farmyard acronym. It is a fiscal crisis of the western world. Its ramifications are far more profound than most investors currently appreciate.

Will the people of Greece see Iceland as a precedent and a role model? If Greece defaults, brace yourselves for a “sovereign debt crisis that could soon catch fire across most of mainland Europe, Britain and the United States”. The next crash will make the recent recession look like child’s play.

41 comments on “Sovereign debt”

  1. SPC 1

    Debt default is to some extent dependent on the ability to finance ones continuing deficit.

    It’s hard to borrow to finance a deficit as large as that of Greece, if one has defaulted on past debt (which is why Greece is waiting for a EU rescue package, which is a precedent for Portugal and Spain and possibly Italy – which is why Germany is reluctant).

    Lenders can of course determine to charge a tariff on loans to nations that default and transfer the tariff pool into a kitty to repay those lenders whose loans were defaulted on. This only requires co-ordination and global agreement.

    If there is a global economic threat from debt default – then all the more reason to develop a global plan to prevent it, or cope with it. That said a global FTT makes a lot of sense and that has yet to occur either.

  2. tsmithfield 2

    Smaller economies like Greece, Iceland etc can probably be contained. If the worst comes to the worst, they are able to go to the IMF for help. The big worry is economies like Spain that are in a similar situation. Europe is looking at setting up its own equivalent of the IMF to help member countries that are in trouble.

    http://www.economist.com/blogs/freeexchange/2010/03/european_monetary_fund

    Sovereign nations with their own currencies can always print more of their own currency and devalue the debt. That is why the US or UK are highly unlikely to default on their debts. Of course, that has the disadvantage of being highly inflationary within their own economies.

    Euro member countries are not in this position because they trade in the Euro which is a currency they can’t print to devalue their debts. Thus, it seems likely that something like the IMF will emerge to increase financial stability in Europe.

    • prism 2.1

      Very informative ts thanks. Thinking back, in the background of the rise of Germany’s Nazis was the heavy debt burden and out of control inflation they had after WW1. The Nazi party presented a strong way out of the morass to the struggling populace. I hope that other nasties don’t arise in the wake of this crap.

      • HHK 2.1.1

        The Weimar Republic largely had inflation under control, and the economy was stabilizing and the support for the extremist parties (both left and right) was falling off. That is, until the ’29 market crash hit Germany.

        • prism 2.1.1.1

          Wow is that so. My history is hazy about post-WW1 – I’ve got to set some time aside to read up books I’ve bought about it. Didn’t know they were on top of it at that time. The knowledge of what happened after the great crash must have been a big factor in deciding to bail out some of the important financiers to prevent that sort of meltdown.

  3. vto 3

    This is the start of the second bottom of the ‘W’ depression that many saw coming.

    Buy gold and hang on tight folks… The people are revolting.

    I get pissed off too (taxpayer) when other people (politicians) get me into debt that was not requested or mandated.

    I suspect the banking bailout will be seen as a doddle when compared to trying to control this situation.

    • I remember when an ounce of weed cost the same as an ounce of gold. Weed price has stayed relatively the same, gold has skyrocketed. Maybe i should have bought gold instead, but then i probably wouldn’t be so enlightened 🙂

      • vto 3.1.1

        ha ha polly. Still, both are tradeable commodities which is all gold is about when paper and political currencies go soggy in the downpour …

        • Draco T Bastard 3.1.1.1

          Money: An abstract representation of perceived value.

          The rush to buy gold is to try and make that illusion of value concrete.

          • vto 3.1.1.1.1

            Draco, value is not a perception or illusion. Value is, I would have thought, a way of measuring an exchange. The illusion you talk of just manifests itself as soon as an intermediate method of transacting that exchange is brought into the picture, whether gold or paper or weed, rather than direct barter. And that is just because of the many variables that can affect that method of exchange.

            Various methods of exchange have various characteristics – national currencies can vary depending on politics, gold has characters which tend to withstand political heatwaves, weed just ends up going up in smoke, etc.

            anyways, I’m sure I aint saying anything new here

            • Draco T Bastard 3.1.1.1.1.1

              value is not a perception

              Of course it is. How much is a glass of water worth? To someone in Auckland the answer is not a hell of a lot. To that same person in the middle of the Sahara it’s priceless. The glass of water hasn’t changed – only the persons perception of that glass of water.

              It’s this changeable perception combined with the abstraction that is money that turns it into illusion. The rush to buy gold in economic downturns is an attempt to turn that illusion of wealth into solid reality.

              gold has characters which tend to withstand political heatwaves,

              Yes, it’s solid. Not of much use though which is why so much of it is locked away in vaults. Doing so keeps it scarce and it’s money price high when, in reality, it isn’t worth that much.

              • vto

                Maybe we talking past each other. By perception you mean more that value is subjective. A person’s perception of the value of a glass of water in Auckland may be different to a person’s perception in the Sahara but they are both real.

                My original point was that gold is useful for facilitating trades when paper and political currencies are being flushed down the dunny… for reasons associated with gold’s particular characteristics.

                If you had $10k in NZD under the mattress how useful will that be when a loaf of bread costs $100? Whereas, if instead you had todays equivalent of $10k in gold when you went to buy that loaf of bread how many micromilligrams of gold shavings do you think it would take to get the baker to part with his precious loaf?

                Sheesh, even potatoes would be a better trading tool than paper currency then. Bag of spuds for a loaf of bread = same ‘cost’ as today.

              • Puddleglum

                Underpinning our concept of what is real is the linked concept of stability – i.e., the real persists (the old philosophical saw had it that to be real was to be extended in space and time – i.e., to persist over space and time). Something that is one thing one moment (or one place) and something else the next undermines that criterion for reality. When value can shift so rapidly for unpredictable reasons people will increasingly feel that value itself is illusory (some of the odd objects that get traded on Trade Me for extraordinary prices come into this category).

                One of the consequences of market capitalism is the undermining of the stability of valuations (‘creative destruction’ has rather a lot more to do with destruction than creation, actually). This is why many of us have vague but increasingly potent experiences of unreality and confusion, but that’s another argument (hint: to establish and maintain personhood similarly requires stability along certain developmental dimensions. Market capitalism undermines those dimensions as well – don’t you just love it?.)

                The notion that value is subjective yet real aligns with Hayek’s repeated claim that liberalism is the only viable non-coercive political ideology because human valuation is so diverse (i.e., we all, as individuals, value different things so there is no common end-state that we are likely to agree upon – hence, collectivism is inevitably coercive. Value is ‘real’, as it were, but only within each individual. Between individuals it is negotiable – or exchangeable).

                Markets supposedly settle the problem of how to ‘regulate’ this diversity of valuation. Personally, I think Hayek was simply mistaken in this central claim. Stable valuation across and within generations is probably what human culture evolved to achieve. The evidence suggests it did so very well for many tens of millenia.

                Sadly, what market capitalism actually does is undermine the reality of value by highlighting it’s lack of stability and accentuating that instability. That’s not quite right. It’s lack of stability, as I’ve just claimed, is not inherent to value (for most of human history, cultures have been remarkable vehicles for creating stable valuation, as I’ve just said). The current instability in valuation is simply a result of the structures and processes that pass under the name of modern market capitalism (the fact that market ideology is often just cover for old-fashioned corruption and power simply compounds the instability – i.e., value can’t even be properly understood using market concepts because the ‘markets’ are often thoroughly distorted by private power).

                The problem, of course, is that humans are actual ‘real’ beings. We persist, physically and biologically. Unfortunately, our persistence ‘as persons’ (as distinct from ‘as human beings’) rests on the assumption of stable and predictable valuations (as persons, we are ‘Moral Animals’). That’s the ‘material’ out of which those things we call persons (i.e., each other) are made. Take away that stability in valuation and … but how far down the rabbit hole do you want to go?

                The more market, the less ‘humanity’. Almost the exact opposite of Hayek’s conclusion.

  4. Some areas in the USA have become economically depressed when their ability to keep trading in their traditional manufactures has been wrecked by international trading changes and have filed for a sort of bankruptcy. This happened some years ago, and the case has been made for the right of political entities to be able to access the same rights to cut their losses as private businesses have and use often.

    • vto 4.1

      I agree with the general idea prism. The push for this ‘bankruptcy’ though will come from the people not the politicians. The people will simply start to stop paying their taxes. Thn it gets interesting… as the only way to enforce tax payment is through physical sanction (you know, throw people in jail, take away their property) and the jack-boots of the state can only stretch so far.

      As far as I am concerned the lenders who demand repaymnt are just as complicit as the borrowers who now cannot repay.

      It is just like the finance companies in NZ. The investors got greedy for the extra 2% per annum and plied them with money unthinkingly. Then the investors all act like lemmings and charge over the cliff in fright demanding their money back while they drag the finance company with them to the rocks below.

      Then the finance companies get all hot and bothered and start demanding the impossible from their borrowers. Witness Allied Farmers Rob Alloway getting all high and mighty recently. Only thing is, the Alloway bozos had already slungshot their borrowers to the rocks below before them due to the lemmings which hed the charge.

      The investors and the finance companies and the borrowers all went into the happy-times-business together with eyes wide open. Now the financial climate has COMPLETELY CHANGED via many different routes, and due to the actions of all involved (investors, finance companies, borrowers). And also due to the swings of the world that are completely unrelated to investors, finance companies, and borrowers. The investors need to get real that the method of their repayment was premised on certain financial conditions which now no longer exist. it has all changed.

      And so it goes for the sovereign debt issue. The debt was issued and repayment expected on the premise of certain financial conditions existing. The creditors will now not be repaid in the same manner because that base premise has gone up in smoke. There gonna be some biffo over it though methinks.

      enough 2c.

  5. blinded by the right 5

    I’m confused. So are Government stimulus packages (being bailout money) good? Or bad?

    Opinions seem to differ…

    • r0b 5.1

      No time to chat right now bbtr, but in short form, in my opinion…

      Government stimulus to the real productive economy / “Main Street” (especially counter cyclical Keynsian) is good.

      Government bailout to failed financial institutions / “Wall Street” is bad. Let them fail. Yes there is plenty of short term pain but it’s probably the only way to a healthy and sustainable economy long term.

      • Bright Red 5.1.1

        oh a subtle answer… don’t you understand, r0b… either everything governments do is always good or its always bad 🙂

        • Rob 5.1.1.1

          Well there has been no subtlety to date in regards to this subject , especially with the Govt’s decision here to be restrained. Its been pretty black or white. The NZ Govt have been accused of do nothing. If you actually look at how stimulous money has been distributed in Aus and USA, it has been a completely untargeted joke. The reality of these programmes were short sighted attempts to subsidise consumer spending, for example in Wisconsin they were giving rebates on snow ploughs to keep the local manufacturers competitive. This is whatt happens when Govt officials make spending decisions with a completely unmanaged open cheque book.

          The fact is this is not the end of it by any means. Whatever previous models people are rolling out here as a case study for action is flawed thinking.

          • prism 5.1.1.1.1

            Governments can do strange things with finance completely counter to the attitude and sermons they present to citizens.
            I’m thinking of an interview I heard from the lips of the financial controller revitalising the Iraqi economy. After the Iraq war was supposed to be over the USA organised a container of banknotes, I presume Iraqi but maybe USA dollars, and handed them out to various ‘businessmen’. It was Iraqi money that had been frozen as part of sanctions I think. Goes against all the homilies about good business practice and governance.
            Is this right – that’s what I remember but it does sound fantastic.

  6. ghostwhowalksnz 6

    The referendum wasnt about not paying , merely the terms of the repayment.

    The people of Iceland seemed to think they were refusing as well

  7. Draco T Bastard 7

    When you loan someone money you’re taking the chance that you’re not going to get it back. This is what allows you to charge interest. Part of the cause of the latest bubble was the belief that governments would bail everybody out by borrowing (which they did) and that governments never default. Once governments start defaulting then the entire fiasco falls down as there suddenly isn’t any guarantees behind it.

    Under normal circumstances, loaning out money, especially on non-productive asset’s such as houses, should be a fast track to poverty but the rules got written by the people wanting to become rich the easy way and so all the rules support that position.

  8. tc 8

    Spot on r0b……the wall street mob should’ve been left to rot, they and their cohorts created the crises and all the bailout’s done is prop up a broken system for the cycle to commence again…..seen all those bonuses being paid out already again, no recession for the wealthy bankers.

    So now the inflationary impact of all that gov’t dosh is feeding through, manufacturing capacity outside China’s a shadow of it’s former self, consumerism’s created massive trade imbalances and we’re running out of oil to move the products around the globe.

    All of this and a gov’t that thinks intensive farming/mining/cycleways is the cure all but that’s what a banker would think isn’t it…..how’s that brighter future coming along eh?

    • I recall listening to an interesting ecomomist (details now forgotten sorry) who advocated the paying down of debts owed by ordinary people rather than the bailing out of the corporates. The pay down could help people get back on their feet but only enough would be paid to stop the lender from slipping into insolvency. The corporate shares would still be worthless.

      Instead backing up Wall Street has put the bsatards back on their feet ready to wreck more havoc.

      • poverty ahead 8.1.1

        mickey, you cannot be naive enough to think they did not plan it that way surely.
        i mean if they give money to the people how can they starve them again and again and again.

        no fishing rods for us folks, just stand in line and buy your mcfillet

  9. Bored 9

    Lovely to see people agreeing with one another above about what has happened. Its actually more tragic, its the inversion of the “golden rule”. That normally goes, “he who has the gold makes the rules”!

    The tragic bit is that the rule makers with the gold (Wall St etc) went bust….and somehow managed to get those in whose name gold could be created in (us, the taxpayer) to magic them up more gold. They then set off making the rules and ruling us again…..so the Icelandic revolt is really an overt uprising against giving those who have money power (the banks). Hold on to your seats ladies and gentlemen, turbulence coming up (worldwide).

  10. Rob 10

    There is also a real depth of feeling in the US about how badly the stimulous was done and how much it cost and how little improvement they have seen. They are now having to fund a massive debt as well as cope with a major economic reshuffle.

    The answer to this issue was not to throw money at everything, we are going to have naturally go through the pain and there will be more to come and there is no more money to buy the way out. All that has happened is a delay.

  11. Sounds like as good an excuse as any for a world war. Nothing distracts the punters like a bit of blood letting, not to mention it’s great for the economy and the politicians.

    How about 20/12/2012 for a start date ?

  12. Bill 12

    Big elephant under the carpet missing from the post. Le Monde Diplomatique has a short piece that drags the elephant into plain view. I still wonder if Johnny Boy and his mates have dabbled in similar dodgy shit with our money hoping for a big pay day.

    States rescued the banks in country after country, neither asking nor getting anything in return. The banks are now using their newfound strength against the state, threatening to reveal the accounting tricks the banks themselves had recommended to hide some of the debt. After all, interest rates on loans are higher when the financial reputation of the state is in question.

    So Goldman Sachs first helped Greece to borrow billions of euros in secret, and then told it how to get round the European restrictions on public debt. The bill for this groundbreaking financial advice was subsequently added to the huge Greek deficit (1). And the winners and losers? Lloyd Craig Blankfein, CEO and chairman of Goldman Sachs, received a $9m bonus; Greek civil servants will lose the equivalent of a month’s salary each year.

    http://mondediplo.com/2010/03/01banks

    • Boonly possibelred 12.1

      You are onto it Bill, its as said before the “golden rule”…..the only possible answer is to ensure that fractional banking is severely regulated, and the creation of money the affair of local sovereign government through their own Reserve Bank.

  13. poverty ahead 13

    at 2:33 approximately in this video is a very scarey number that i do not recall being announced by our leaders$9 billion USD
    and it is an interest bearing loan, god knows at what rate

    • Bill 13.1

      So…sometime in 2008, the Central Bank of NZ borrowed or entered into some sort of liquidity swap to the tune of US$3000 for every man, woman and child in this country. And they then lent that US$9 billion to banks and financial institutions within NZ because of something to do with bringing down interest rates in US$ markets?

      And we will all pay interest on the US$3000 repayments.

      That’s what Bernanke said. That’s not a swap in any way that I understand the term. That’s a swap with a purchase thrown in on top from what I can understand.

      Does somebody want to tell me this is all normal practice and not dodgy; that it isn’t essentially you and me throwing a whole heap of money at banks and their markets for no good reason other than that the banks said it would be a good idea?

      • because 13.1.1

        that is all the bail outs were. money given to banks, not money loaned for debts. the world is bankrupt people, the sooner it acknowledges that the better

        • Draco T Bastard 13.1.1.1

          the world is bankrupt people,

          Well, the banks are anyway, financially and morally, and that’s why they’re trying to get us to pay them more money even though it’s their delusional financial actions that have brought us to this point.

      • vto 13.1.2

        Hang on. hang on… Bernanke said these swaps involved money from the USA going to NZ and money from NZ going to the USA (he used Britain as an example). So, if NZ gets charged interest for the USD, then surely so too does the USA get charged interest for the NZD…

        and our interest rates are higher so we should surely come out ahead?

        I mean, that is what he said, that Bernanke fulla …

        • Bill 13.1.2.1

          But how quick or how long do you think it will take the US to repay NZ and visa versa?

          And what level of difficulty are or have been encountered in recovering the $US9 billion that the NZ reserve bank loaned to private financial institutions? Chunks of that money could have found their way to any one of a number of bottomless black pits…which will add to any tax payer burden of repayment to the US.

          It’s just a have that injects tax payer money into a banking system addicted to gambling from what I can see.

    • Draco T Bastard 13.2

      It was mentioned in the news at the time but not in that much detail. I remember thinking that there was something missing from the deal – it appears to be the interest charged for the “swap”.

      • because 13.2.1

        the rest of the videos on those hearings are chilling in the [willing] ignorance of exactly
        where USD$12 trillion dollars has gone
        this is an immense sum of money but you’d think they were talking about chump change

        captcha: scraps
        – awesome roflmfho

  14. BLiP 14

    Interesting release from Wikileaks in relation to the loan agreement.

    We think it unwise, however, to encourage the perception that this arrangement
    would, in effect, return a profit to the Governments of the United Kingdom and the
    Netherlands for the monies expended to repay depositors in those countries at the
    expense of the Icelandic taxpayer. The last communication from the British and
    Dutch negotiators proposed that Iceland pay a margin (in effect, a profit element)
    of 2.75 percentage points above the cost of the funds expended for this purpose
    for the last four years of the six-year loan.

  15. Quoth the Raven 15

    Sort of related: The Keynesian Project Is Psychotic

    What households need is less debt, not more. Only a psychotic believes Americans can afford more debt, that they need more houses (how about the 19 million we already have which are empty?), that inflation is benign (local government junk fees, tuition, medical costs, garbage collection, sales taxes, vehicle registration fees, etc., are rising at double-digit rates) and that the “solution” to the Great Recession is a massively pernicious and destructive ZIRP/QE policy.

    and a good piece on sovereign debt.: The Global Debt Crisis

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    18 hours ago
  • An anti-fluoride trick: Impressing the naive with citations
    One way to make an article look impressive is to use citations – the more you use, the more impressive. Well, so some people think. Some of the over 140 references in Geoff Pain’s article. These references impress some people ...
    18 hours ago
  • Hard News: Reimagining Journalism
    Five o'clock on a Sunday is not generally thinking time for me, but yesterday was different. That was the kick-off for Reimagining Journalism, a WORD Christchurch panel discussion I chaired with Cate Brett, Paula Penfold, Duncan Greive, Morgan Godfery and ...
    19 hours ago
  • Hard News: Reimagining Journalism
    Five o'clock on a Sunday is not generally thinking time for me, but yesterday was different. That was the kick-off for Reimagining Journalism, a WORD Christchurch panel discussion I chaired with Cate Brett, Paula Penfold, Duncan Greive, Morgan Godfery and ...
    19 hours ago
  • HOP in detail
    As mentioned this morning, at Auckland Transport’s board meeting today there is an interesting paper giving an overview of the HOP system, which AT say is the third largest financial transaction system in the country. Here are some of the figures ...
    19 hours ago
  • HOP in detail
    As mentioned this morning, at Auckland Transport’s board meeting today there is an interesting paper giving an overview of the HOP system, which AT say is the third largest financial transaction system in the country. Here are some of the figures ...
    19 hours ago
  • ‘It’s sort of about the end of the world’: The Veils’ Finn Andrews talks Total Depravity
    The Veils’ frontman gives us a track-by-track insight into the band’s just-released new album, Total Depravity. Photo: Supplied This is part of a regular series called Verse Chorus Verse which sees local artists break down the stories behind ...
    19 hours ago
  • Why I don’t fear the robot apocalypse
    Being in Christchurch made me realise how reliant I am on Google Maps whenever I’m out of the tiny patch of Wellington I’m familiar with. Maps doesn’t really work in Christrchurch – every time I tried to use it the ...
    DimPostBy danylmc
    21 hours ago
  • Absolutely Fabulous-ly Ugh
    The white boomer rebel is a farce.     Fox Searchlight Pictures/BBC Films The Absolutely Fabulous movie has been out for three weeks, and is now entering the end of its cinema run. Thank God. I have the ...
    21 hours ago
  • Profits, Dividends or Customers?
    The Herald made a valiant attempt to explain last Friday how Air New Zealand had managed to produce a record $663 million profit.  They quoted the Chief Executive, Christopher Luxon, as attributing the result to the tourist boom, the fall ...
    Bryan GouldBy Bryan Gould
    22 hours ago
  • From Student Farce To American Tragedy.
    The Governor: "With his wing-collars up and his undergrad gown on, he looks like a cross between Dracula and Batman". Paul Gourlie wasn’t interested in the votes of the student “activists” who wore badges and carried placards. The votes ...
    22 hours ago
  • What’s going on at NZ Fashion Week?
    Underdressed and overrated, The Wireless sent Lucy Zee to rub shoulders with the most stylish attendees of New Zealand Fashion Week. Presented and produced by Lucy Zee. Video shot and edited by Eddy Fifield. This content is brought to ...
    23 hours ago
  • Even worse
    I spent the weekend in Christchurch at the (excellent) Word festival, and someone reminded me of poetry – although technically song lyrics – even worse than McGongall’s: I don’t want to see a ghost It’s a sight that I fear ...
    DimPostBy danylmc
    24 hours ago
  • Even worse
    I spent the weekend in Christchurch at the (excellent) Word festival, and someone reminded me of poetry – although technically song lyrics – even worse than McGongall’s: I don’t want to see a ghost It’s a sight that I fear ...
    DimPostBy danylmc
    24 hours ago
  • August 16 AT Board Meeting
    Today the Auckland Transport Board have their latest meeting and I’ve taken a look through the reports to pull out the interesting bits. Firstly and surprisingly the agenda for the closed session is surprisingly bare. The only non-regular item is Tamaki ...
    1 day ago
  • 2016 SkS Weekly Digest #35
    SkS Highlights... Toon of the Week... Quote of the Week... Graphic of the Week... Rebuttal Article Update... He Said What?... SkS in the News... SkS Spotlights... Coming Soon on SkS... Poster of the Week... SkS Week in Review... 97 ...
    2 days ago
  • Sunday reading 28 August 2016
    ‘Sir George Grey Special Collections, Auckland Libraries, AWNS-19410723-34-27’ Hi y’all and welcome to Sunday Reading. Here’s a collection of stuff I found interesting over the week. Please add your links in the comments below. Whoops, we forgot to build housing. During ...
    Transport BlogBy Kent Lundberg
    2 days ago
  • Sunday reading 28 August 2016
    ‘Sir George Grey Special Collections, Auckland Libraries, AWNS-19410723-34-27’ Hi y’all and welcome to Sunday Reading. Here’s a collection of stuff I found interesting over the week. Please add your links in the comments below. Whoops, we forgot to build housing. During ...
    Transport BlogBy Kent Lundberg
    2 days ago
  • 2016 SkS Weekly News Roundup #35
    A chronological listing of the news articles posted on the Skeptical Science Facebook page during the past week. Sun Aug 21, 2016 91,000 Electric Cars Sold In Europe In 1st Half Of 2016 by James Ayre, Clean Technica, Aug ...
    3 days ago
  • Guest Post: Rail Safety Week – A HSEQ Perspective
    This is a guest post from Harriet.  Recently we have had Rail Safety Week, the aim was to increase awareness of level crossings and their danger. Unfortunately we have had many deaths and injuries, with countless more near misses over ...
    Transport BlogBy Guest Post
    3 days ago
  • A wheely suitcase in Europe #6: San Sebastian to Gijon
    After four nights in San Sebastian, Basque we journeyed further west to Gijon, Asturias. Again we decided to use BlaBlaCar, mainly because the alternative rail and bus journeys were slower and more expensive respectively. The route we took is illustrated below, which as you ...
    Transport BlogBy Stu Donovan
    3 days ago
  • PFLP statement on Bilal Kayed hunger strike victory
    Support from the Palestinian people and international solidarity were key to this victory The following statement was released by the PFLP on Wednesday: The Popular Front for the Liberation of Palestine announced the suspension of the hunger strike of Comrade ...
    RedlineBy Admin
    4 days ago
  • Report Shows Whopping $8.8 Trillion Climate Tab Being Left for Next Generation
    This is a re-post from Common Dreams by Lauren McCauley "We do not inherit the Earth from our ancestors, we borrow it from our children," is an oft-quoted proverb, frequently used to explain the importance of environmental preservation. Unsaid, however, is ...
    4 days ago
  • Glasgow Celtic fans defy UEFA, step up support for Palestinians
    Taken from The Electronic Intifada (see our links section): Glasgow Celtic fans have launched a fundraiser to match any fine that Europe’s ruling football body, UEFA, will give the Scottish club for an expression of Palestine solidarity at a recent ...
    RedlineBy Admin
    4 days ago
  • Fixing our broken economy
    Globally, the “neo-liberal” consensus is rapidly vanishing (I use quotation marks because there are some in Aotearoa who deny such a thing as neo-liberalism exists). Regardless of the debate around its meaning, neo-liberal is a useful descriptor for the general ...
    frogblogBy Julie Anne Genter
    4 days ago
  • Legal Beagle: It’s Carter/Docherty Day; or three short – and wholly unrelated – things
    I’m big on making sure voters know how to make the best use of their votes at elections, so last week I went along to the Transparency International Mayoral Forum.After short-opening statements, the candidates were asked about governance, and avoiding ...
    4 days ago
  • A national day to commemorate NZ land wars
    It’s fantastic that the government has agreed to a hold a national day commemorating the New Zealand land wars. Announced at Kingi Tūheitia’s 10th koroneihana celebrations, alongside the return of Rangiriri Pā to the Kingitanga, the news marked a significant ...
    frogblogBy Marama Davidson
    4 days ago
  • A national day to commemorate NZ land wars
    It’s fantastic that the government has agreed to a hold a national day commemorating the New Zealand land wars. Announced at Kingi Tūheitia’s 10th koroneihana celebrations, alongside the return of Rangiriri Pā to the Kingitanga, the news marked a significant ...
    frogblogBy Marama Davidson
    4 days ago
  • Just because it’s been done before doesn’t make it right
    Back in March I wrote this post in which I expressed scepticism about Auckland Transport's rationale for having a by-law that prohibits the display of election advertising anywhere that is visible from a road, except for the 9 weeks before an ...
    PunditBy Andrew Geddis
    4 days ago
  • National Poetry Day
    I discussed this celebration with friends at lunch and somehow none of them had heard of 19th Century Scottish poet William Topaz McGongall, widely celebrated as the worst poet of all time: he seems roughly cognate to Tommy Wiseau. Here ...
    DimPostBy danylmc
    4 days ago
  • National Poetry Day
    I discussed this celebration with friends at lunch and somehow none of them had heard of 19th Century Scottish poet William Topaz McGongall, widely celebrated as the worst poet of all time: he seems roughly cognate to Tommy Wiseau. Here ...
    DimPostBy danylmc
    4 days ago
  • Sailing to the Arctic with the people who call it home
    The courageous Inuit community of Clyde River is standing up to protect their Arctic home from devastating seismic blasting.The circumpolar Arctic is home to four million people representing a diversity of cultures. As northerners, they share many connections, but in ...
    4 days ago
  • Why fixing your phone is one of the most empowering things you can do
    Like most people, I don’t go anywhere without my phone. In the morning, its shrill alarm rouses me from sleep. During the day it bobs between my ear, my hand, and my pocket. At night, I hunt for Pokémon before ...
    4 days ago
  • Microbeads: How did companies respond?
    Remember THIS video?Back in July, Greenpeace East Asia ranked 30 global companies to see how they measured in terms of their commitment to phasing out microbeads – the tiny terrors that are often found in shower gels and facial scrubs, ...
    4 days ago
  • Does your cafeteria serve ocean destruction?
    Every time you eat in a restaurant, hospital, airport, a university cafeteria, or at even at a rock concert, it is likely that you are eating food provided by a large foodservice company. Sea of Distress, a brand new Greenpeace ...
    4 days ago
  • My Arctic Home
    I live in Kangiqtugaapik (Clyde River) in the Canadian Arctic. Most people have never heard of my town. It's 450km north of the Arctic Circle with a population of roughly 1,000. We are isolated from much of the world, but ...
    4 days ago
  • Up Front: I Swear, It’s True
    There is a persistent myth among the kind of people I desperately try to avoid that swearing is a sign of low intelligence. Frequent swearing shows a lack of imagination and vocabulary.Fuck that noise.Research shows what people I would choose ...
    4 days ago
  • Up Front: I Swear, It’s True
    There is a persistent myth among the kind of people I desperately try to avoid that swearing is a sign of low intelligence. Frequent swearing shows a lack of imagination and vocabulary.Fuck that noise.Research shows what people I would choose ...
    4 days ago
  • One less objection to Skypath
    Some great news yesterday that the main objector to Skypath, the Northcote Residents Association (NRA), has withdrawn their appeal against the project. That leaves just the Northcote Point Historic Preservation Society (NPHPS) – made up of many of the same people ...
    4 days ago
  • A Political King.
    Birds Of A Feather: If Edward VIII had been a less enamoured sex-slave to Wallis Simpson and a more convinced fascist, it is entirely possible that he could have completely upended the British constitution. Royal words, and deeds, still matter ...
    4 days ago
  • Polity: Key peddles cynical “interest rate avenger” fantasy
    This week in Parliament, John Key repeated one of the lines that looks to be central to its election campaign in 2017. As we’ll see, that word “lines” probably has one too many n’s in it. Anyway, here it is:Rt ...
    4 days ago
  • Hard News: Friday Music: The Gaffer Departs
    My friend Simon Grigg this week announced something I've known for a while – that he's stepping down from his role as creative director at Audioculture. It is, literally, to spend more time with his family: Simon and his wife ...
    4 days ago
  • Places to go, people to be
    Nothing from me today - I'm off to Christchurch for Phoenix, their annual larp convention. Normal bloggage will resume Monday, once I've caught up. ...
    No Right TurnBy Idiot/Savant
    4 days ago
  • Is There Something Wrong With Aussie Sport?
    Is There Something Wrong with Aussie Sport? The news that Australian Olympians returning from Rio have been given a hard time by the Australian media and public for the alleged paucity of their medal haul will, sadly, have come as ...
    Bryan GouldBy Bryan Gould
    4 days ago
  • The Pencilsword: I can’t draw horses
    ...
    4 days ago
  • New Zealand – we’re in the sh*t
    . . “…We should always measure a Government’s environmental rhetoric against its environmental record.” – John Key, 7 September 2008 . . ref . In September 2008, one month before the general election, National’s leader addressed the party’s “Bluegreen* Forum“, ...
    Frankly SpeakingBy Frank Macskasy
    4 days ago
  • Housing is popular
    I’ve written several blog posts talking about challenges facing local democracy and consultation processes. This is an important issue. Harvard economists Daron Acemoglu and James Robinson make a convincing argument that inclusive political institutions, such as broad electoral franchises and ...
    Transport BlogBy Peter Nunns
    4 days ago
  • Increasing cycling and walking in New Zealand cities
    This is a post from Caroline Shaw and Marie Russell who are researchers at the University of Otago Wellington Having high levels of walking and cycling for transport in our urban centres is a crucial component of having a sustainable, people-oriented, 21st century transport ...
    4 days ago
  • Movement or Moment.
    Barring some disaster, Hillary Clinton will win the US presidential election in November. That poses an interesting question for the US Left, because the defensive support for her offered by Sanders supporters and other progressives in the face of the ...
    KiwipoliticoBy Pablo
    4 days ago
  • Global warming is melting the Greenland Ice Sheet, fast
    A new study measures the loss of ice from one of world’s largest ice sheets. They find an ice loss that has accelerated in the past few years, and their measurements confirm prior estimates. As humans emit heat-trapping gases, we ...
    5 days ago
  • Weekly Reading: White rappers, Gawker and the Uber killer
    Our weekly recap highlighting the best feature stories from around the internet.   G-Eazy. Photo: AFP White Rappers, Clear of a Black Planet – by Jon Caramanica, The NY Times “But now we have arrived in the ...
    5 days ago
  • Cooking 4 Change at the Auckland City Mission
    On Tuesday evening I participated in the launch of the ‘Cooking 4 Change’ recipe book, which Metiria and I both contributed our favourite recipes to. Along with Dick Frizzell, Trelise Cooper, Tiki Taane, Erin Simpson, Jono & Ben, Colin Mathura-Jeffree, a couple ...
    frogblogBy James Shaw
    5 days ago
  • An improved design for the Tamaki/Ngapipi mess
    My post yesterday about the hot mess that is the proposed Tamaki-Ngapipi intersection resulted in a lot of discussion, especially around the design and the role consultants play. Reader George who is also an engineer decided he could come up ...
    5 days ago
  • Electrons!
    Earlier this year Key is said to have asked his Ministers to come up with some new policy ideas, to deflect the criticism that they were a tired, exhausted, intellectually bankrupt government spinning its wheels and going nowhere. Maggie Barry’s ‘Predator ...
    DimPostBy danylmc
    5 days ago
  • Rally in the rain shows love for humanities
    Tertiary Update Vol 19 No 30 Hundreds of people who work and study at the University of Otago rallied under umbrellas yesterday to say they love humanities. The university is planning to cut staff from five humanities departments Local TEU ...
    5 days ago

  • Disability sector is in a ‘slow burning crisis’
    Disability advocates say the sector is in crisis and broken, Labour’s Health spokesperson Annette King says.  “A roundtable at Parliament organised by the Labour Party, heard today how National has left disability services chronically underfunded. ...
    15 hours ago
  • NZ fisheries depend on the environment – they should protect it
    The attitude of the fishing industry and the National Government to our oceans, and the life within it, still amazes me. Like many New Zealanders, I find it perplexing that an industry which depends entirely on the long-term health of ...
    GreensBy Eugenie Sage
    15 hours ago
  • Bigger is not always better with local government reform
    I have written previously about the overwhelming opposition expressed by local councils and community members to the latest Local Government reforms.  The Select Committee heard more submissions this week, specifically about some of the unintended consequences that may arise from ...
    GreensBy Jan Logie
    16 hours ago
  • Labour calls for state of emergency on homelessness
    Labour’s housing spokesperson Phil Twyford is calling on the Government to declare a state of emergency over the nation’s homelessness crisis. “There are 42,000 people homeless and living in severe housing stress while the National Government behaves like a possum ...
    2 days ago
  • Labour calls for state of emergency on homelessness
    Labour’s housing spokesperson Phil Twyford is calling on the Government to declare a state of emergency over the nation’s homelessness crisis. “There are 42,000 people homeless and living in severe housing stress while the National Government behaves like a possum ...
    2 days ago
  • Government must review state sector retirement investment
    The State Sector Retirement Savings Scheme has no business investing in companies which manufacture cluster bombs, anti-personnel mines and nuclear weapons, Labour MP and Parliamentarians for Global Action executive member Su’a William Sio says. “I endorse the call made by the ...
    3 days ago
  • Councils shouldn’t rush into Easter Trading
    City and district councils must ensure they don’t rush into trading on Easter Sunday ahead of local body elections next month, Labour’s Pacific Islands Affairs spokesperson Su’a William Sio says. “This decision must be taken seriously and only after extensive ...
    3 days ago
  • Minister can’t wash hands of illegal KiwiSaver investments
    The Minister responsible for appointing default KiwiSaver providers should take responsibility for ensuring they act legally, Labour’s Finance spokesperson Grant Robertson says. “The National Government has now had confirmed what they were told more than a week ago – that ...
    3 days ago
  • Fixing our broken economy
    Globally, the “neo-liberal” consensus is rapidly vanishing (I use quotation marks because there are some in Aotearoa who deny such a thing as neo-liberalism exists). Regardless of the debate around its meaning, neo-liberal is a useful descriptor for the general ...
    GreensBy Julie Anne Genter
    4 days ago
  • Fixing our broken economy
    Globally, the “neo-liberal” consensus is rapidly vanishing (I use quotation marks because there are some in Aotearoa who deny such a thing as neo-liberalism exists). Regardless of the debate around its meaning, neo-liberal is a useful descriptor for the general ...
    GreensBy Julie Anne Genter
    4 days ago
  • Government railroading Maori Land Bill through
    Maori Development Minister Te Ururoa Flavell seems determined to railroad his Te Ture Whenua Maori Bill through despite the large number of submitters in opposition to the bill, says MP Meka Whaitiri, whose Ikaroa-Rāwhiti electorate contains nearly 30 per cent ...
    4 days ago
  • A national day to commemorate NZ land wars
    It’s fantastic that the government has agreed to a hold a national day commemorating the New Zealand land wars. Announced at Kingi Tūheitia’s 10th koroneihana celebrations, alongside the return of Rangiriri Pā to the Kingitanga, the news marked a significant ...
    GreensBy Marama Davidson
    4 days ago
  • A national day to commemorate NZ land wars
    It’s fantastic that the government has agreed to a hold a national day commemorating the New Zealand land wars. Announced at Kingi Tūheitia’s 10th koroneihana celebrations, alongside the return of Rangiriri Pā to the Kingitanga, the news marked a significant ...
    GreensBy Marama Davidson
    4 days ago
  • Government turns a blind eye to struggling sole parents
    Social Development Minister Anne Tolley’s claims that her Government’s work with sole parents is her biggest success are in tatters after a major increase in homelessness amongst that group, says Labour’s Social Development spokesperson Carmel Sepuloni. “Anne Tolley is seriously ...
    4 days ago
  • Time has come for state apology on abuse
    Labour is today calling on the Government to issue an apology for historic abuse in state institutions. Speaking after the launch of Elizabeth Stanley’s book “The Road to Hell; state violence against Children in Post-war New Zealand”, Labour’s Justice spokesperson ...
    4 days ago
  • It’s OK to have a few slaves, just not too many? Minimum wage loophole hasn’t gone away
    New Zealand still needs legislation to ensure adult New Zealanders are not exploited by being taken on as contractors for less than the equivalent of the minimum wage, says Labour list MP David Parker.  “My Minimum Wage (Contractor Remuneration) Amendment ...
    4 days ago
  • Lessons from the Future of Work Commission: Building Wealth from the Ground Up
    Good morning, and thank you for attending today’s Future of Work Seminar here in Wellington. I want to particularly acknowledge Beth Houston who has spent many hours pulling together the programme for today’s event, and to Olivier and the staff ...
    4 days ago
  • Cooking 4 Change at the Auckland City Mission
    On Tuesday evening I participated in the launch of the ‘Cooking 4 Change’ recipe book, which Metiria and I both contributed our favourite recipes to. Along with Dick Frizzell, Trelise Cooper, Tiki Taane, Erin Simpson, Jono & Ben, Colin Mathura-Jeffree, a couple ...
    GreensBy James Shaw
    5 days ago
  • Cooking 4 Change at the Auckland City Mission
    On Tuesday evening I participated in the launch of the ‘Cooking 4 Change’ recipe book, which Metiria and I both contributed our favourite recipes to. Along with Dick Frizzell, Trelise Cooper, Tiki Taane, Erin Simpson, Jono & Ben, Colin Mathura-Jeffree, a couple ...
    GreensBy James Shaw
    5 days ago
  • Backbencher Matt’s Bill is a Doocey
    The latest National Member’s Bill pulled from the ballot is yet another waste of Parliament’s time and shows the Government’s contempt for the House and the public with much more important issues needing debate, says Labour’s Shadow Leader of the ...
    5 days ago
  • Gun laws creaking under the strain
     Questions have to be asked  after surprising revelations at the Law and Order Select Committee about the police and their ability to manage the gun problem in New Zealand, says Labour’s Police spokesperson Stuart Nash.  “The lack of resources is ...
    5 days ago
  • Most homeless are working poor – Otago Uni
    The finding by Otago University researcher Dr Kate Amore that most homeless people are in work or study is one of the most shocking aspects of the housing crisis, says Labour’s Housing spokesperson Phil Twyford. “Social service agencies report many ...
    5 days ago
  • Māori seats entrenched by Tirikatene Bill
    National and the Māori Party need to support my member’s Bill which is designed to entrench the Māori electorate seats in Parliament, Labour’s Te Tai Tonga MP Rino Tirikatene says. “Under the Electoral Act the provisions establishing the general electorates ...
    5 days ago
  • Trade dumping bill could hurt NZ industries
    The Commerce Select Committee is currently hearing submissions on the Trade (Anti-dumping and Countervailing Duties) Amendment Bill. This bill worries me. I flagged some major concerns during its first reading.   I am now reading submissions from NZ Steel, ...
    GreensBy Mojo Mathers
    6 days ago
  • Just 8 per cent of work visas for skills shortages
    Just 16,000 – or 8 per cent – of the 209,000 work visas issued last year were for occupations for which there is an identified skills shortage, says Labour Immigration spokesperson Iain Lees-Galloway. “The overwhelming majority of the record number ...
    6 days ago
  • Hard won agreement shouldn’t be thrown away
    The Government should ignore talk across the Tasman about doing away with the labelling of GM free products, says Labour’s Health spokesperson Annette King. “Labelling of genetically modified products was a hard won agreement in 2001 by Australian and the ...
    6 days ago
  • National’s privatisation Trojan horse
     The National government is using the need to modernise the school system as a Trojan horse for privatisation and an end to free public education as we know it, Labour’s Education spokesperson Chris Hipkins says.  “There is no doubt that ...
    6 days ago
  • Shameless land-banking ads show need for crackdown
    The fact that more than 300 sections are shamelessly being advertised on Trade Me as land-banking opportunities during a housing crisis shows the need for a crackdown on property speculators, Leader of the Opposition Andrew Little says. “Of the 328 ...
    6 days ago
  • Standard and Poor’s warning of housing crisis impact on banks
    The National Government’s failure to address the housing crisis is leading to dire warnings from ratings agency Standard and Poor’s about the impact on the strength of the economy and New Zealand banks, says Labour’s Finance spokesperson Grant Robertson. “Standard ...
    6 days ago
  • Ihumatao needs action not sympathy
    The Petition of Save Our Unique Landscape (SOUL) calling on Parliament to revoke Special Housing Area 62 in order to protect the Ihumatao Peninsula and Stonefields, has fallen on deaf ears, says the Labour MP for Mangere Su’a William Sio.  ...
    6 days ago
  • Another delay to justice system reform for victims of sexual violence
    I believe most, if not all, New Zealanders would expect our court system to uphold the dignity of complainants, hold perpetrators to account for crimes including sexual and domestic violence and uphold the crucial right to a fair trial. Yet ...
    GreensBy Jan Logie
    6 days ago
  • Another delay to justice system reform for victims of sexual violence
    I believe most, if not all, New Zealanders would expect our court system to uphold the dignity of complainants, hold perpetrators to account for crimes including sexual and domestic violence and uphold the crucial right to a fair trial. Yet ...
    GreensBy Jan Logie
    6 days ago
  • Student visa fraud & exploitation must stop
    The Government must act immediately to end fraud and exploitation of international students that threatens to damage New Zealand’s reputation, Leader of the Opposition Andrew Little says. ...
    7 days ago
  • Government needs to show leadership in reviewing monetary policy
    The Reserve Bank’s struggles to meet its inflation target, the rising exchange rate and the continued housing crisis shows current monetary policy needs to be reviewed - with amendments to the policy targets agreement a bare minimum, says Labour’s Finance ...
    7 days ago
  • Local democracy under threat
    The National Government is in the process of gutting our local democracy through it’s Local Government Act 2002 Amendment Bill (No 2). We’ve been hearing submissions from councils, and a few community members, all around the country who are deeply ...
    GreensBy Jan Logie
    7 days ago
  • Local democracy under threat
    The National Government is in the process of gutting our local democracy through it’s Local Government Act 2002 Amendment Bill (No 2). We’ve been hearing submissions from councils, and a few community members, all around the country who are deeply ...
    GreensBy Jan Logie
    7 days ago
  • Slash and burn of special education support
    Slashing the support for school age children with special needs is no way to fund earlier intervention, Labour’s Education Spokesperson Chris Hipkins says.  “National’s latest plan to slash funding for children with special needs over the age of 7 in ...
    1 week ago
  • National’s Pasifika MPs must have free vote
      Pacific people will not take kindly to the Government whipping their Pacific MPs to vote in favour of a  Bill that will allow Sunday trading  at Easter, says Labour’s Pacific Island Affairs spokesperson Su’a William Sio.  “We are seeing ...
    1 week ago
  • Maritime Crimes Bill – balancing security and free speech
    Parliament is currently considering the Maritime Crimes Amendment Bill, which would bring New Zealand up to date with current international rules about maritime security. The debate around the Bill reflects two valid issues: legitimate counter-terrorism measures and the right to ...
    GreensBy Kennedy Graham
    2 weeks ago
  • Rio Olympics captioning – setting the record straight
    In the House on Thursday, my colleague, Labour Party spokesperson on Disability Issues, Poto Williams asked a great question. After which the Minister, Nicky Wagner, stood up and finally publicly acknowledged the National Foundation for the Deaf for funding the ...
    GreensBy Mojo Mathers
    2 weeks ago
  • Rio Olympics captioning – setting the record straight
    In the House on Thursday, my colleague, Labour Party spokesperson on Disability Issues, Poto Williams asked a great question. After which the Minister, Nicky Wagner, stood up and finally publicly acknowledged the National Foundation for the Deaf for funding the ...
    GreensBy Mojo Mathers
    2 weeks ago
  • Teachers’ low wages at the centre of shortages
      Figures that show teachers’ wages have grown the slowest of all occupations is at the heart of the current teacher shortage, says Labour’s Education Spokesperson Chris Hipkins.  In the latest Labour Cost Index, education professionals saw their wages grow ...
    2 weeks ago
  • Government’s Tax Law undermines common law principles
    A tax amendment being snuck in under the radar allows changes to tax issues to be driven through by the Government without Parliamentary scrutiny, says Labour’s Revenue spokesman Stuart Nash. “The amendment allows any part of the Tax Administration Act ...
    2 weeks ago
  • Government slippery about caption funding
      The Government has refused to apologise for taking the credit for funding Olympic Games captioning when the National Foundation for the Deaf  was responsible, says Labour’s spokesperson on Disability Issues Poto Williams.  “This shameful act of grandstanding by Ministers ...
    2 weeks ago
  • Default KiwiSaver investments should be reviewed
    The investments of the default KiwiSaver providers should be reviewed to make sure they are in line with New Zealanders’ values and expectations, says Labour’s Finance spokesperson Grant Robertson. “Most New Zealanders would be appalled that their KiwiSaver funds are ...
    2 weeks ago
  • New ministry should look after all children
    The Government has today shunned well founded pleas by experts not to call its new agency the Ministry for Vulnerable Children, Labour’s Spokesperson for Children Jacinda Ardern says.  “Well respected organisations and individuals such as Children's Commissioner Judge Andrew Becroft ...
    2 weeks ago
  • Triclosan – nasty chemical will be reassessed
    Last week my campaign for this chemical to be reassessed by the Environmental Protection Authority (EPA) took another step forward. After many months of waiting, the EPA have agreed that triclosan needs to be reassessed. Triclosan is an ingredient in many ...
    GreensBy Catherine Delahunty
    2 weeks ago
  • Triclosan – nasty chemical will be reassessed
    Last week my campaign for this chemical to be reassessed by the Environmental Protection Authority (EPA) took another step forward. After many months of waiting, the EPA have agreed that triclosan needs to be reassessed. Triclosan is an ingredient in many ...
    GreensBy Catherine Delahunty
    2 weeks ago
  • Ratification okay but we need action
    Today’s decision to ratify the Paris agreement on Climate Change by the end of the year is all well and good but where is the plan, says Labour’s Climate Change spokesperson Megan Woods.  “The Government’s failure to plan is planning ...
    2 weeks ago
  • Stats changes can’t hide unemployment reality
    Today’s minor drop in unemployment numbers is nothing to celebrate given the changes made to the official numbers that cut thousands of people looking for work out of the jobless rate, says Labour’s Employment spokesperson Grant Robertson. “Making any comparisons ...
    2 weeks ago

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