Written By: - Date published: 11:50 am, April 11th, 2011 - 36 comments
Get ready for another petrol increase this week. Last week, the Dubai crude benchmark, which most of New Zealand’s imports are priced of, shot up over 4% in NZD terms. Unless that rise reverses right away, petrol will have to rise past $2.25 a litre. We’re now pay $160m a week for oil imports – $2b a year more than a year ago.
Written By: - Date published: 7:24 am, February 11th, 2011 - 15 comments
The Government, desperate for some kind of tangible achievement on the trade front, is pushing us into the Trans-Pacific Partnership. We cannot allow the TPP to go ahead. It would sacrifice our sovereignty to the wishes of multi-nationals, allowing them to sue New Zealand if we put restrictions on foreign investment.
Written By: - Date published: 7:00 am, December 24th, 2010 - 93 comments
Say you run a large company. Say the manager of a division in your company chose do a deal that improves the division’s own profitability instead of one that would have made the division less profitable but the company as a whole more profitable. You would be angry. So why are the people who run our SOEs required to act like that?
Written By: - Date published: 12:00 pm, December 18th, 2010 - 23 comments
Over at No Right Turn, I/S has picked up on some Aussie research that shows Free Trade Agreements aren’t the huge money spinners they’re sold as. Because FTAs create different rules for different trading partners, exporters have to meet complicated ‘rules of origin’ to prove they quality for the lower tariffs. The cost can eat up the supposed benefits.
Written By: - Date published: 12:37 pm, November 20th, 2010 - 25 comments
John Armstrong’s straight-faced piss-take of John Key’s holiday very important diplomatic mission to Japan last week is very very funny. Without a hint of irony, Armstrong reveals how Key achieved nothing, talked big only to be put in his place by the big boys, and filled in his diary that was devoid of important meetings with pissant PR.
Written By: - Date published: 10:00 pm, November 16th, 2010 - 23 comments
Judged by his own terms, what has John Key actually achieved on trade? He talked big about Japan’s trade barriers – no-one paid him any attention. Russian FTA talks were announced – it’ll be worth just $27 million. Key’s meeting with ‘good mate’ Obama – actually sitting “pretty much next to” him during a play. And still no White House invite.
Written By: - Date published: 4:29 pm, November 14th, 2010 - 23 comments
Economist Jeff Rubin explains that the peak oil crisis is the underlying cause of the global economic crisis and why the economy isn’t shaking itself out of recession as in the past. In the age of peak oil, trade advantages will be overwhelmed by transport costs. The winners will be self-sufficient countries with their own agricultural and manufacturing bases.
Written By: - Date published: 11:30 am, November 6th, 2010 - 12 comments
Over at Dimpost, Danyl makes a pertinent observation: “Reiteration that we are ‘very good friends’. Zero development on trade or defense issues. I’m not even sure why she’s here.” There was nothing solid. The ‘Wellington Declaration is, in John Armstrong’s words, featherlight – a big name for less substance than a normal visit. More style over substance.
Written By: - Date published: 10:00 am, October 23rd, 2010 - 36 comments
There was a time when New Zealand gave overseas aid to developing countries like Singapore. But we stopped moving forwards after the neoliberal revolution. Today New Zealand is still reliant on low value added commodity trading for its sustenance. One which is struggling to pay its bills after a lengthy period of selling off its economic sovereignty.
Written By: - Date published: 2:00 pm, October 20th, 2010 - 54 comments
I’m generally a fan of Gareth Morgan, but boy his facts are wrong in yesterday’s Herald, leading him to really bad conclusions. Basically, Morgan argues that we have to let foreigners buy our assets because we use that money to buy more imports than we export, which we won’t be able to do if we block asset sales. Why is that a bad thing?
Written By: - Date published: 2:09 pm, June 19th, 2010 - 49 comments
The police won’t lay charges against the security guard who assaulted Russel Norman. Fair enough I guess. They’re out of here today. Probably too minor to justify a prosecution. That doesn’t make what happened OK. A thug for a foreign power violated the rights of one of our MPs on the grounds of our Parliament. A display of contempt for our sovereignty. And our democracy.
Written By: - Date published: 12:20 pm, April 18th, 2010 - 7 comments
Journos. Obama didn’t meet Key before dinner on a big stage in front of the media because it was just practical. The leaders didn’t stand with awkward grins for the group photo because it was a crucial step in the diplomatic process. This is being done for you. Only you. It is meaningless apart from the fact they know the media will lap it up. They think you’re saps. And you keep proving them right.
Written By: - Date published: 9:37 am, April 13th, 2010 - 17 comments
Labour governments are good at planning for the future. Something National has never managed. Taking Aussie to the WTO over the fireblight ban is an example of Labour’s forethought. They knew the results were years away. Had the guts to stand up against our best mates when they had it wrong. Looks like we won the case. Aussie’s going to have to let our apples in.
Written By: - Date published: 7:36 am, November 18th, 2009 - 25 comments
Yesterday John Key indicated that he might be willing to dismantle PHARMAC if it gets us a better free trade deal with the US*. We’re lucky to have a few great institutions in New Zealand that deliver for everyone at a lower cost than other countries – ACC is one, PHARMAC is another. both are …
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