web analytics
The Standard

Posts Tagged ‘asset sales’

Free houses?

Written By: - Date published: 9:22 am, February 17th, 2015 - 188 comments

National government state house sales Tamaki Housing Group

That may be what it takes to interest charities in becoming “social housing” providers.

Labour’s plan vs National’s plan

Written By: - Date published: 1:34 pm, January 28th, 2015 - 43 comments

sotn2015 cropped

The choice is clear.

Sale of social housing stock won’t save costs

Written By: - Date published: 2:00 pm, November 16th, 2014 - 20 comments

stargazer-square

Hamilton City Council currently has plans to sell of its remaining pensioner housing stock. It already sold off a block of them in 2012. Of those sold, only 12 out of 53 units are available for seniors to rent at affordable rates. This is because 27 were sold as there was no social service provider able to buy them. So now Council want to sell the rest.

Social housing providers

Written By: - Date published: 9:08 am, November 12th, 2014 - 46 comments

National government state house sales Tamaki Housing Group

Is Key planning to flog off state houses at half price to a liquor company?

NRT: Wealth transfer

Written By: - Date published: 8:49 am, November 5th, 2014 - 11 comments

5377401-isolated-illustration-of-a-house-being-squeezed-in-a-vice

John Key’s latest answer to the housing crisis: bigger subsidies for private landlords! Subsidies to private landlords simply result in rent increases. It doesn’t increase the housing supply. But ole JK just likes screwing over young first home buyers..

Housing policy shambles

Written By: - Date published: 7:43 am, November 5th, 2014 - 30 comments

National government state house sales Tamaki Housing Group

National’s sale of state housing assets and other aspects of housing policy is stupid at all levels. Which is probably why they are confused themselves about it.

Polity: Newsflash: Houses are assets

Written By: - Date published: 8:23 pm, November 3rd, 2014 - 33 comments

First state house in NZ, built 1937

Prime Minister John Key, in his capacity as Prime Minister, promised no asset sales this term in the run up to the last election. But now they are selling assets – state houses.

NZ Inc: Frightening the invisible horses of the market

Written By: - Date published: 12:15 pm, September 16th, 2014 - 15 comments

pearl clutching

The Herald is scathing of Labour’s NZ Inc policy, which defies all logic and reason by assuming that there are better ways to build our economy than flogging off profitable assets, built by New Zealanders, to foreign investors.

Polity: Buy low, sell high. Except National.

Written By: - Date published: 1:06 pm, March 24th, 2014 - 27 comments

polity_square_for_lynn

Rob at Polity points out National’s intensely unstrategic view about investments and asset sales. In a down market where all the indications said “buy,” National sold our assets for a pittance, and refused to invest in the Super Fund. The Super Fund has been making returns of 21%, far exceeding the Crown’s cost of borrowing. And National will only start investing in the Super Fund when equities are expensive again.  It is almost as if they wanted to waste taxpayers funds eh?

National – a party for wastrels

Written By: - Date published: 1:08 pm, January 24th, 2014 - 13 comments

Burning Money natonomics2

The Crown Financial Statements to the end of November 2013 show that the sale of Meridian and Air New Zealand added hundreds of millions of dollars to the cost of the asset sales programme. Combined with the cost of the Mighty River Power sale and ancillary costs such as the Rio Tinto payout, the total cost of the asset sales now stands at $440m. National just likes burning the money of the taxpayers for no productive purpose.

At least 225,000 Nats said “No” to asset sales

Written By: - Date published: 10:19 am, December 14th, 2013 - 88 comments

polity_square_for_lynn

Rob Salmond runs the Polity blog and has given us permission to syndicate his posts. Long time readers will remember him from the brilliant posts on 08wire.org during the 2008 campaign, so expect us to often find something of interest.

Like this post looking at who voted No on the referendum. That number of previously National voters must be scaring the National party at present.

Where our Assets have gone

Written By: - Date published: 3:24 pm, August 13th, 2013 - 133 comments

mighty_river08may13

Labour have OIA’d a Treasury list of where the money from Asset Sales has gone.  Hint: it’s mostly not schools, hospitals, or paying down debt like National said.

More pay for them; bigger bills for us

Written By: - Date published: 1:09 pm, April 4th, 2013 - 24 comments

Asset theft National disgrace Demo Auckland Dec 2012

Ryall has announced that Might River Power top brass will be receiving massive pay rises, in relation to the sale of the powercos. The directors have multiple positions, and questions have been raise about the past of one or two of them. They benefit; we pay.

Surplus power and asset sales

Written By: - Date published: 10:03 am, March 28th, 2013 - 55 comments

tiwai

Apparently Meridian Energy are saying that there is unlikely to be a renewal of the Tiwai Point power contract. This would massively disrupt the value of sales of shares in state owned power companies by this government. However news is being released just before Meridian appears before a select committee.  So I’m anticipating that it is a chicken little play to scare this weak-kneed government into an emergency wastage of taxpayers dollars – just like the Peter Jackson inspired Hobbit extortion.

Strategic blunder

Written By: - Date published: 8:20 am, March 6th, 2013 - 40 comments

the-stupid-it-burns

Amidst the froth of predatory “excitement” about the sale of our power generation assets, it was refreshing to read in The Herald yesterday a single lone voice who was thinking long term.

Kiwis at the front of the queue?

Written By: - Date published: 10:42 am, March 4th, 2013 - 140 comments

not-yours-to-sell

One of the promises that Key made about asset sales was that Kiwis would be “at the front of the queue”. So why will up to 30% of the current offering be heading overseas?

Selling NZ – in the news

Written By: - Date published: 8:05 am, December 29th, 2012 - 91 comments

keep our assets logo - greens version

There’s been a couple of stories in the news over the last 24 hours that could do with some scrutiny: Treasury warns of asset sales over-load; potential sale of Oceania Dairy to an overseas company to set up a milk factory in NZ.

2012: “celebrity” PM – collective action

Written By: - Date published: 10:00 am, December 23rd, 2012 - 46 comments

occupy nz

Individualism & “celebrity” PM, John Key were still strong in 2012.  But, there was opposition from some (often local) groups working collaboratively:  Occupy, Glen Innes protesters, MUNZ, Asset Sales referendum, AAAP advocacy activism, manufacturing inquiry, NZLP democratisation, TS nest of vipers. And 2013?

Marriage Equality and other bills

Written By: - Date published: 9:55 pm, August 29th, 2012 - 51 comments

NZparliament

It’s Members Night in Parliament and the Marriage Equality Bill has passed its first reading. Future Asset Sales have not been entrenched however and National are currently arguing against raising the minimum wage.

Asset Sales to pay for nearly 1.5 years of roads

Written By: - Date published: 4:06 pm, August 29th, 2012 - 8 comments

key petrol highway road

Gerry Brownlee has announced $12.3 billion of road spending over the next 3 years. Asset sales will pay for less than half of it. Does it really make sense to lose control of our strategic assets – with all the income they bring in – for just over 1 year’s worth of roads?

$3 Billion

Written By: - Date published: 6:47 pm, July 31st, 2012 - 21 comments

gerrymania

The government have $3 billion for the Christchurch rebuild burning a hole in their pockets. But at the same time they’re claiming governmental poverty is why we need to sell our productive assets… And there’s 30,000 people nearby wanting proper houses to live in.

The cost of asset sales

Written By: - Date published: 5:29 pm, July 24th, 2012 - 25 comments

money-toilet

Loyalty Scheme:   $360 million.
Brokerage Fees:   $90 million.
Advertising/PR:   $30 million.
Iwi Settlements:   $unknown.
Lost Revenue:   $100 million/year.

Asset sale delay likely

Written By: - Date published: 7:15 am, July 17th, 2012 - 62 comments

not for sale dam

Even John Key is now admitting that the asset sale program is facing a serious legal challenge, and that delays in the sales are likely.  Any such delay would have several implications…

1600 dead, power prices 2/3 higher than Oz/US: Market working – Ryall

Written By: - Date published: 2:28 pm, June 19th, 2012 - 81 comments

electric power lines

Independent energy analyst Molly Melhuish is putting out some facts that Tony Ryall will not find comfortable: we pay on average 28.1c per kWh from private companies and 24.79c per kWh from state owned companies. Why is the asset sales process being rushed through parliament, before Treasury can analyse Molly Melhuish’s research?

Asset sales: What’s the rush?

Written By: - Date published: 3:13 pm, June 13th, 2012 - 49 comments

asset-sales-car-1200

The Asset Sales Bill will be back in Parliament for its second reading tomorrow.

It’s a further abrogation of due procress, as it comes back 5 weeks early, curtailing proper scrutiny.

Asset sales: still bad

Written By: - Date published: 8:33 am, May 27th, 2012 - 16 comments

not for sale dam

Adding to the canon of reasons and commentators on why you don’t sell your assets (particularly to pay for your maintenance) is an excellent article on The Guardian. It is an article exhorting the countries of the Arab Spring to resist Western countries pressure to implement neo-liberal economics in the name of ‘freedom’. It cites […]

Spin v reality

Written By: - Date published: 6:45 pm, May 21st, 2012 - 12 comments

spin

National have become a very adept PR machine. While not adept at running the country, they’ve become great at running statistics. John Key was pushing things a little too far with his lines that unemployment rising to 6.7% showed an improved economy and that Europe electing anti-austerity leaders showed their austerity policies were right, but […]

Another asset sale lie

Written By: - Date published: 8:10 am, April 14th, 2012 - 99 comments

not for sale v2

The Nats promised to sell no more than 49% of any given state owned assert.  Now they’re trying to get cute with semantics and effectively remove all limits.  

Unfortunately for them their previous promises are on record and very clear.   Hey Peter Dunne – are you going to vote for this latest lie?

Maori Party to quit Govt?

Written By: - Date published: 2:04 pm, January 31st, 2012 - 86 comments

turia key knife

News in on the Herald says the Maori party are talking the talk over National’s latest insult to Maori.

Will they quit the Government?  Or will the smell of those limo seats  mean another backdown in a couple of weeks?

Emerson on privatisation

Written By: - Date published: 7:27 am, January 11th, 2012 - 24 comments

emerson-privatisation

And so it begins

Written By: - Date published: 10:47 pm, December 15th, 2011 - 218 comments

Mighty-River-Power

Mighty River Power is first on the block, to be sold in the third quarter of next year (weather conditions permitting).

Recent Comments

Recent Posts

1 2 3 7

  • Latest Air NZ plan carries on regional snub
    Christchurch Labour Members of Parliament have secured a meeting with Air New Zealand boss Christopher Luxon following the airline’s decision to cut its Christchurch to Tokyo summer flights.  They are also calling on the Minister of Transport Simon Bridges to… ...
    9 hours ago
  • Carmel Sepuloni back in Social Development role
    Andrew Little has reinstated Carmel Sepuloni as Labour’s Social Development spokesperson following the sentencing of her mother in the New Plymouth District Court today. “It has been a tough time for Carmel, but we both agreed it was appropriate she… ...
    10 hours ago
  • Government taking Kiwis for April Fools
    Many Kiwis will be wondering if the joke is on them when a raft of Government changes come into effect tomorrow, Labour Leader Andrew Little says. “First is ACC and National’s unwillingness to end its rort of Kiwi businesses which… ...
    12 hours ago
  • Time to show RMA housing affordability plans
    Labour is challenging the Government to reveal its plans to make housing more affordable through amending the Resource Management Act, Labour’s Housing spokesperson Phil Twyford says. “Labour remains willing to consider the proposals on housing affordability on their merits and… ...
    13 hours ago
  • John Key now admits no broad support for RMA changes
    John Key has now been forced to admit that he never had the broad political support to gut the Resource Management Act, says Labour’s Environment spokesperson Megan Woods. “Cornerstone legislation such as the RMA should never be changed without genuine… ...
    2 days ago
  • National’s changes leave student bodies in chaos
    The chaos created by National’s scrapping of compulsory student association membership may force the 86-year old Union of Students Association to fold, Labour’s Tertiary Education spokesperson David Cunliffe says. “National’s 2011 Voluntary Student Membership Act has left student associations with… ...
    2 days ago
  • Tragedy must be impetus for better training
    The Police Minister needs to explain why unsworn and inadequately trained custody officers were put in a situation of caring for a medically unwell prisoner on a busy Saturday night, Labour’s Police spokesperson Kelvin Davis says. Commenting on an IPCA… ...
    4 days ago
  • Government must be more transparent on investor state clauses
    The Government must be more transparent around the draft investor state dispute settlements in the TPPA, says David Parker, Labour’s Export Growth and Trade spokesperson. “Labour is pro trade, and is proud of the FTA we negotiated with China, which… ...
    5 days ago
  • Protect university staff and student voices
    The Green Party believes ensuring student and staff representation on university councils is important. National recently passed a law reducing the size of university governance councils while increasing the proportion of the members nominated by, guess who… Steven Joyce. The… ...
    GreensBy Gareth Hughes MP
    5 days ago
  • C’mon Nick what’s the truth on the RMA
     “Nick Smith has got to fess up and tell us what is happening to his much vaunted RMA reform, Labour’s Environment spokesperson Megan Woods says.  “With just a day and a half to go before the polls open in Northland,… ...
    5 days ago
  • SSC salaries sink National’s spending spin
    Massive pay rises at the State Services Commission prove National’s claims of clamping down on spending in the public sector are simply fantasy, Labour’s State Services spokesman Kris Faafoi says. “Salaries in this one department are almost $70,000 more than… ...
    5 days ago
  • We can fix Christchurch and keep our assets
    The Christchurch City Council is seeking public feedback on its proposed 10 year plan for Council revenue and spending. This is probably one of the most significant 10 year plans ever to be written by a local council because of… ...
    GreensBy Eugenie Sage MP
    6 days ago
  • Epidemic of serious assaults in our prisons
    Labour wants stab proof vests and pepper spray for all corrections officers to keep them safe from the epidemic of serious prison assaults that are occurring around the country’s jails, says Labour’s Corrections Spokesperson Kelvin Davis.  “There have been five… ...
    6 days ago
  • Listen to the locals Hekia!
    Minister Hekia Parata needs to understand what consultation is, Port Hills MP Ruth Dyson says. “It means you have to listen to what people say in their submissions and then be able to demonstrate you have considered their views when… ...
    6 days ago
  • Thanking our caregivers
    Let’s celebrate and thank our caregivers. This week is caregivers’ week. It’s a chance to acknowledge the thousands of women, and occasional other person, who are caring for the elderly and disabled in our country. They hold people’s lives in… ...
    GreensBy Jan Logie MP
    6 days ago
  • Mana Post shop the best outcome for community
    Labour MP for Mana Kris Faafoi has welcomed the move to place the services from the Mana Post shop to a local small business. “This is the best outcome for the community we could ask for. All the vital services… ...
    6 days ago
  • Labour looks to put the tea back into entitlements
    Labour is moving to restore the rights of Kiwis to take tea and rest breaks, Leader Andrew Little says. “Within months of the Government’s Employment Relations Amendment Bill becoming law we are already seeing some of our largest companies, including… ...
    7 days ago
  • Desperate money grab to keep Ruataniwha afloat
    The Hawke’s Bay Regional Investment Company’s decision to borrow $4 million to keep the Ruataniwha project afloat is a case of throwing ratepayer’s good money after bad, says Labour’s Water spokesperson Meka Whaitiri and Napier MP Stuart Nash.   “This bridging… ...
    1 week ago
  • Roundup: UN finds it “probably” causes cancer
    At last the UN has spoken out against the widely-used weedkiller Roundup. The UN’s International Agency for Research on Cancer has identified glyphosate, the principle ingredient in Roundup, as a probable carcinogen. They also include as probable carcinogens the insecticides… ...
    GreensBy Steffan Browning MP
    1 week ago
  • World water day: eight rivers in one day
    Our photo journey started by the Waioweka (also known as Waioeka) River which flows from Te Urewera to Opotiki, and is surrounded by beautiful forest. The water looked great! Kopeopeo Canal It contrasted greatly with the Kopeopeo Canal near Whakatane,… ...
    GreensBy Catherine Delahunty MP
    1 week ago
  • We all benefit when education meets everyone’s needs
    As Dyslexia week comes to a close,  Dyslexia NZ have reminded us that around 10% of our citizens are dyslexic and are entitled to better support. One of their strongest arguments is that failure to provide identification and support for… ...
    GreensBy Catherine Delahunty MP
    1 week ago
  • Big change starts small
    Today marks Race Relations Day in New Zealand. Race Relations Day coincides with the International Day for the Elimination of Racial Discrimination.  The United Nations General Assembly chose this day as it marks the day in 1960 when 69 peaceful… ...
    GreensBy Denise Roche MP
    1 week ago
  • Israel, Palestine and the question of statehood
    The knife-edge election in Israel complicates the Middle East situation, even more than usual. The Prime Minister-elect, Binyamin Netanyahu, is moving to form a government. Netanyahu has indicated that, during his term, a Palestinian state would not be established. That… ...
    GreensBy Kennedy Graham MP
    2 weeks ago
  • Christchurch transport goes backwards
    The Green Party has a vision of a liveable, accessible Christchurch with a sense of identity and strong connected communities. Instead, 2013 census figures released by Statistics New Zealand reveal a fractured community, and tell a story of frustrated Christchurch commuters… ...
    GreensBy Eugenie Sage MP
    2 weeks ago
  • Super Fund should divest $140 million in high risk coal
    The Green Party is calling on the New Zealand Super Fund to divest their $140 million investment in coal companies that are vulnerable to becoming financially stranded according to a damning new report from Oxford University. The Smith School of… ...
    GreensBy Russel Norman MP
    2 weeks ago
  • Learn to count with Mark Osborne: 0 + 1 = ?
    The adage about the first casualty of war being truth is one that might often be applied to the political battle for hearts and minds, and of course votes. A rather unfortunate example of this has been arriving in the… ...
    GreensBy David Clendon MP
    2 weeks ago
  • Is it still a safety net when the holes are this big?
    Over the last few weeks I’ve been wondering how safe our income support system is for people, especially those with cognitive or learning disabilities. I’ve been trying to support a young man who was severely injured in a workplace accident… ...
    GreensBy Jan Logie MP
    2 weeks ago
  • Pasifika – protecting the Pacific needed now more than ever.
    Over the weekend thousands of Aucklanders flocked to celebrate our city’s diverse Pacific communities and cultures at the annual Pasifika festival and the Greens were there to join them. The Pasifika festival has been held every year for 23… ...
    GreensBy Denise Roche MP
    2 weeks ago
  • Sounds Stakeholders Seek a Sustainable Future
    It was heartening to see a large number of people who care about the Marlborough Sounds come together at the Marlborough Marine Futures’ forum in Picton on March 8. Fellow Green MP Steffan Browning, who lives in Marlborough, and I… ...
    GreensBy Eugenie Sage MP
    3 weeks ago

Removed at the request of The Daily Blog.
Public service advertisements by The Standard

Current CO2 level in the atmosphere