If we can’t afford to buy the assets back, we should at least make clear we will regulate them severely and take the profit out of electricity companies…
New Zealand-registered shell companies are being used for big-numbers money laundering. The government has repeatedly said it will tighten company registration to prevent this, but the bill languishes down the order list. National’s big on regulating the behaviour of beneficiaries, but slack when it comes to money-launderers.
The Christchurch earthquake was a shallow high magnitude earthquake close to a urban population centre. That is the disaster scenario for planners. It is a disaster, but not a major disaster. The enforcement of building regulations ensured that the city took damage, but survived largely intact.
The recent global recession represented a spectacular failure of unfettered capitalism. We never felt the full force and completeness of that failure because the worst was averted – or rather just delayed – by vast injections of Government bailout money. America has learned its lesson, yesterday passing the strictest restrictions on banks and Wall Street since the Great Depression.
Supermarkets are squeezing producers while marking up the prices of fruit and vegetables by up to 500%. The worst side of capitalism in action. Support your local farmers’ market, and the Green’s call for a supermarket code of conduct.
The recent recession represented a spectacular failure of unfettered capitalism. One of the main causes in America was a picking apart of financial regulations. This allowed the “innovative” products and practices that brought the system down. Perhaps America has learned the lesson. A new Democratic proposal outlines “the biggest overhaul of regulations since the New Deal”.