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The cost of asset sales

Written By: - Date published: 5:29 pm, July 24th, 2012 - 25 comments
Categories: bill english, john key, Privatisation - Tags:

So far…

Looter’s Bonus Loyalty Scheme

$250,000,000-$500,000,000: Treasury
Best guess: $360,000,000: Finance and Expenditure Select Committee
Could be: up to $1,000,000,000
No idea: John Key

Brokerage fees

$90,000,000: $7 million this year, $66 million next, $17 million in 2014
$1,100,000: spent so far
Won’t say: Bill English

Iwi settlements over water rights

(not ownership, because no-one owns water. As ImperatorFish says: “It would be like claiming ownership of a cloud or the air we breathe, or the soil beneath our feet. Who ever heard of such a thing?”)
No idea: any of us, least of all John Key

Advertising / PR

$30,000,000 ($120 million direct costs, minus brokerage fees)
Won’t say: John Key or Bill English

Total: $370,000,000 – $?,???,???,??? – a fair chunk of the $6 billion the government hopes for, even before you add on:

Lost Revenue

$100,000,000 per year: government books worse off according to Treasury

25 comments on “The cost of asset sales”

  1. Ad 1

    Cost to taxpayer of consultancy fees prior to IPO $

    Cost to each citizen of losing 49% of the Mighty River Asset $

    Cost to each citizen of subsidizing all of the costs of the sale $

    Cumulative cost to customers and to New Zealand of probable power increases $

    Opportunity cost to citizens of purchase price (since they already own it) $

  2. tc 2

    Key and cohorts haven’t disappointed me with the ever changing rubbery figures and outright lies but the media need to have a good hard look at themselves as the only ones in a position to show this sham for what it is……rewarding your backers with juicy gold plated investments that belong to every kiwi while playing the value down so your rich mates can pay even less and getting the taxpayer to pick up all the costs.

  3. Carol 3

    And Key had the gall to snearingly criticise Labour and the Greens for pulling numbers out of their a*se with respect to the asset shares bonus scheme:

    http://www.parliament.nz/en-NZ/PB/Business/QOA/8/7/3/50HansQ_20120724_00000002-2-State-owned-Assets-Sales-Loyalty-Bonus.htm

    Rt Hon JOHN KEY: —possible, depending on how it was calculated and by whom. Frankly, what we are seeing in this debate is that Labour and the Greens just make up all sorts of numbers.

    It’s time more Kiwis (including tame journos) woke up to what a cynically nasty piece of work our PM is.

  4. SukieDamson 4

    … the normal economics of maximising economic value is replaced by the topsy-turvy economics of maximising current extractable value which tends to drive the firms economic net worth deeply negative…

    The moral hazard of looting

  5. maffoo 5

    cost of the asset sales

    20000 more kids with cold-related respitory diseases
    20000 more elderly people ending up in hospital because they cant afford to heat & eat on the same day

    the human cost is the real cost…. the poor, sick, & old will die in some caes
    & think, if power costs more, imagine how much more it will costs to run hospitals, schools, police stations, central & local govt buildings, street lighting, traffic signals, security lighting on boatramps, wharfs, and parks…..

  6. Tom Gould 6

    According to Tory lapdog John Hartevelt “Labour’s assault misfired at its first shot, touting a ludicrously inflated and totally unrealistic cost.” Pity the gallery lacks a single brain cell these days, having fallen for the old Key trick of ‘no numbers’ then slamming any other number, even from Treasury, as wrong. And lazy, indolent chooks like Hartevelt fall for it every time.

  7. Tracey 7

    for $350m over the next 3 years we could increase paid parental leave and give more kids a greater start in life, but it’s better that money goes to brokers…

    I have a 70 year old retiree living with me at the moent. He’s in Auckland for ten days doing some work, because his pension isn’t enough. He has bad hips and has had since I have known him (back in 2001 we met). They have got steadily worse. Yesterday he forgot to take his pain medication (that’s right, he can’t get on the waiting list until the pain medication no longer works – that from his specialist and GP). So he walked to the bus stop then did a day’s work, and walked home from the busstop. He could barely walk last night. Getting up out of a seat was extremely painful. So he remembered to take his medication today/ last night, and limped out the door this morning, not in much pain but clearly suffering. He has a beautiful rose garden which he can no longer tend and is largely cooped up inside because getting in and out of his car is painful. He has paid, and still pays tax for over 50 years (starting working in taxed jobs at 15). He’s done his share and can’t afford to buy the shares either.

    But I think a loyalty bonus, PR and brokerage fees is better spent than on more hip replacements or other operations.

  8. Tracey 8

    90m in brokerage fees =

    60,000 laptops in schools @ $1500 ea
    2250 hip replacements @ $40,000 ea
    8 years of paid parental leave
    238 years of self defence for high school girls (“The Girls’ Self Defence Project, which has been running in schools across New Zealand for 15 years, has had a positive impact on the lives of more than 77,000 Kiwi girls,” Jacinda Ardern said.

    “The project has consistently delivered positive results, with over 90% of girls participating saying that they felt stronger, more confident, and more educated in techniques to deal with unsafe situations.)

    and so on…

  9. prism 9

    We’ve talked about price rises for electricity as a result of private enterprise and the expected and demanded profit for supplying this vital necessity. Competition between companies too will have tremendous costs while they compete for brand name recognition and customer numbers.

    On Trademe there is an example of the sort of outrageous advertising to sell us what we are already aware that we need and already buying, from Powerco I think. A reclining devil or vampire has a tube feeding blood into his arm – his fingers flex each time there is a transfusion. This advertising, its design and the cost of placement, is just another of the expenses and flim flam we will get from competing power companies which we will pay for.

    As well there will be big fat payouts to the top people for just continuing supply of what we would have bought anyway. When their daughters marry there will be a big fat wedding paid for out of our pockets, and big fat holidays, and big fat desks and fine furnishings, or austere to show how serious they are, but with furnishings imported from Italy etc. (Italian office furniture was imported by some of the chosen after we restructured government, so that’s not just something from my fertile mind.)

    It’s interesting how mothers and fathers who provide the children that we need to maintain ourselves in all ways, get so little monetary or other recognition and expenses, yet electricity company managers will be gold-plated, when it’s a technical job in the main which should be done by someone with that expertise plus an accountant and small office staff.

  10. Jackal 10

    National devalueing our assets

    John Key is showing his financial illiteracy again, being that a bonus shares scheme would cost between $250 to $500 million according to Treasury, and perhaps even exceed $1 billion. What information Key is basing his assertion on that free shares could be an economic gain for the government has not been made public, probably because it doesn’t exist.

  11. Observer AKL 11

    New Zealanders own these assets. They are about to be taken off the common man and put into the ownership of relatively few wealthy people here and in foreign countries.

    The assets provide power which is a vital basic necessity to every New Zealander. To keep control over costs, and to avoid paying unneeded private shareholders, the common man must retain these vital assets or get them back from the rich.

    It is for this reason the political parties declaring an interest in the common man, must vow to retain the Assets or get them back from the wealthy.

    The day Labour and the Greens make that vow is the day New Zealanders will know that common sense has returned to our Parliament. At the moment, Labour and Greens appear harmless and convictionless. Shams really. They are firmly in the camp of the few wealthy.

    The smaller parties – New Zealand First and Mana – are the only ones taking the vast majority of Kiwis seriously.

    • jack 11.1

      And Winston will do it. That’s why I voted for him in 2011 and why I will vote for him in 2014. I read an article about Key in the Listener… pure puffery.. sounded like a fairy tail compared to what Key is really doing. Shame, the public believe this bullshit.

      • xtasy 11.1.1

        Problem is: Winston is not Owen Glen, who he fell out with, and he certainly has not got that guy’s money, or other money, which would be needed for buying back the assets.

        Labour is totally dodgy on this one too, but at least saying they will not commit to buying shares back, as it may be impossible (due to budgetary restraints).

        The main problem is: English has already SPENT the money that is yet to be earned from the asset sales, so he and Key and the gang already put NZ further into debt, and at the same time want to sell something that is not even “cleared” yet due to legal challenges, due to market risks about the returns to be expected, and due to the costs of seeing all this through now, which vary between a few million and mega millions.

        Has there ever been a more irresponsible, inexpert, dumb and incompetent government in NZ over the last two decades, who announces big plans and sales, but who has not even analysed, planned and accounted for what the process will involve and cost. Is this not idiocy pure? But too many Kiwis sit and watch dumb commercialised TV, surf on the web and “chat” on Facebook, Twit Turf and whatever, rather than THINK and ACT.

        Has all tha education been for nothing, or has education dropped so far, that it has lost all meaning?

        Well, if the ones that should stand up are “overwhelmed”, it seems, they rather pack their bags and move to Aus, same as some young neighbours of mine are doing right now.

    • OneTrack 11.2

      But neither Labour or the Greens are making that commitment. Maybe they have decided that they want the existing capital assets transformed into cash in the hand assets, that they can spend on what they want.

  12. xtasy 12

    John Key and his ministers more or less go by this line:

    Well, this may be somewhere in the range of bla, bla, bla, well that is not sure, but it maybe less, or more, or it may be totally off that figure, I presume, given the opposition always give us wrong figures, while we are trying to work out the real figures, which could be somewhere there, here or anywhere, really, who knows, we will find out in the end some time sooner or later?!

    Any other questions?

    If that does not work:

    Well that is purely an “OPERATIONAL matter”, which is not within my direct ministerial responsibility.

    Remember:

    In NAZI Germany, all were just doing and fulfilling “their duties”, they were not responsible, knew nothing much of anything, and they were all innocent after all. It may have also fallen into the category of “operational matters”, I presume.

    Accountability of a Key led government, sort of, I presume. But who is now really “responsible” and in charge, and above all “accountable” and “knows” what will happen in detail?

  13. Observer AKL 13

    Hi Xstasy

    I take your points …. and the already SPENT … money

    But if Labour and Greens were to take a principled vow to return the shares to the New Zealand public, would it be a turning point in NZ politics?

    The 70% of kiwis who do not want the assets to slip into the clutching hands of the wealthy and overseas owners – would be heartened. I think.

    Additionally, the purchasers of Key’s shares, would be advised that the they will not get back the cost of their purchase – in view of the huge expense of mounting the float – and in view of the anxiety they caused powerless people.

    They would get back only what the nation could reasonably afford. Then only, over a period of time so as not to stress the economy.

    • xtasy 13.1

      Thanks, I get your point and guarded agreement.

      The problem for NZ and NZers is: Previous governments have signed up for abiding by WTO and other agreements, whether these are FTAs or whatever, so entering into commercial agreements or contracts, which naturally the planned sale of up to 49 per cent of shares in the formerly state owned assets will also mean, that will “bind” NZ and NZers legally.

      It should never go ahead, it must be stopped right from the outset, and since the law on mixed ownership has sadly passed, all that can and must be done now is, to on one hand go ahead with the petition for a referendum, but also to take all kinds of actions to make it impossible for the deals to go ahead.

      It is simply economic nonsense, as even leading economists will vow (Gareth Morgan was cautiously critical, the guy from Berle or so was also, same as others), to sell strategic assets in this way.

      Even where asset sales of this type happened, Norway has kept about two thirds of Statoil (the state dominated and owned energy company there), same as Tamasek from Singapore has much more than 51 per cent shareholding in the strategic assets held with energy generation and trade.

      51 per cent is a silly “majority” and will expose the government to undue pressures from private shareholders, to simply get the maximum returns in dividends, rather than invest in the assets and new assets to expand business. Look at the bus companies and even water companies in NZ that have been privatised, there has been little investment in infrastructure and improvements, rather a “milking” of the revenues!

      So maybe do all to sabotage this idiot plan!?

  14. Observer AKL 14

    Thanks Xtasy

    Overseas investors may well look for ways of sheltering under their sovereign Trade Agreements. We would expect America to be aggressive in pursuit of their “rights” to screw the less well off. Their FTAs are designed very carefully to fatten the US of A.

    The local “Mummy and Daddy investors” may find that Parliament really has the ultimate power to give and the power to take away. Ask Mr. key.

    You are right though, every effort should be made to stop the stupidity before it gets any further.

    I have a hunch that many nations would be pleased to see little New Zealand do the right thing by its common man. There is a hellish huge stench hovering over money (and the people who have excess of it) around the world. A sick in the guts feeling.

    Business, as distinct from the trading investment racket, knows that the bulk of a nation needs spending power if it is to thrive. The success of Business is absolutely tied to the wallets of the ordinary people. No wonder serious Economists do not support imposition of higher costs on the basic necessities of life.

    Around the world, it is time to shift a little of the vast wealth of those who have into the hands of the common man.

    Our current Parliament had the opportunity to do that. But the aristocratic Maori Members in league with John Key have done the exact opposite. Proving themselves to be the true enemies of Business and the market place; and of the Common Man.

  15. If asset sales are such a good idea, why doesn’t John Key sell 49% of his house to me and I’ll rent that 49% back to him at whatever I decide is a reasonable rate of return. Plus, if I still own 49% of his house in a few years time, he can pay me a further bonus for holding on to it for him. We don’t need to worry about exact dollar figures now, John. You can trust me to charge “market rates” and not abuse my monopoly position, but of course I won’t sign anything that would bind me to that promise. Oh yeah, and don’t expect me to invest in maintainence. I’ll just wait until the house is on the verge of collapse and then come back to you cap in hand, stating that the house is too big to be allowed to fail, and that you need to pay for the repairs I avoided.

    What’s that John? It’s a stupid idea?

    Why, yes it is John. Yes it is.

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    Auckland Council’s plan to set up an urban development agency is to be applauded and central government should get behind it to make it a success, Labour’s Auckland Issues spokesperson Phil Twyford says. Auckland Council CEO Stephen Town has indicated plans...
    Labour | 18-10
  • New Zealand can be rightly proud of seat on Security Council
    Gaining a seat on the United Nation’s Security Council shows the sort of standing that New Zealand has in the world and the quality of the long campaign that we ran over nearly a decade, says Foreign Affairs spokesperson David...
    Labour | 16-10
  • MPI still dragging the chain over causes of food bug
    The Ministry of Primary Industries’ release of Environmental Science and Research’s initial reports regarding the sources of a nasty stomach bug will be little comfort to the 127 people affected by it, Labour’s Food Safety spokesperson Damien O’Connor says. “This...
    Labour | 16-10
  • Key commits to deployment before consultation or analysis
    John Key’s offer to consult Opposition parties on whether to deploy New Zealand forces against ISIS looks increasingly like a PR exercise only, says Labour’s Defence spokesperson, Phil Goff. “The presence of New Zealand’s Chief of Defence Force at a...
    Labour | 15-10
  • Four Nominees for Labour’s Leadership
    As at 5pm today four valid nominations had been received for the position of Labour Leader, as follows: Andrew Little(nominated by Poto Williams and Iain Lees-Galloway) Nanaia Mahuta(nominated by Louisa Wall and Su’a William Sio) David Parker(nominated by Damien O’Connor...
    Labour | 14-10
  • MPI must name product and supermarket chain
    The Ministry of Primary Industries must name the product responsible for severe gastroenteritis affecting people around the country, and the supermarket chain distributing it, Labour’s Food Safety spokesperson Damien O’Connor says. “The Ministry seems to be more concerned about protecting...
    Labour | 13-10
  • Law changes shaping up to be worse than first thought
    The Prime Minister needs to be up front about exactly what changes he is planning to make to the Employment Relations  Amendment Bill, Labour's spokesperson on Labour Issues Andrew Little says.Interviewed on Q&A yesterday John Key said he did not...
    Labour | 12-10
  • Rapists, not Tinder, the threat to women
    Blame for rape and sexual assault should only ever be laid at the door of the perpetrator, not dating services or the actions of women themselves, Labour’s Associate Police spokesperson Kelvin Davis says. “Tinder is not the problem and women...
    Labour | 09-10
  • Media Advisory
    MANA Leader, Hone Harawira will not be available to speak with media today regarding his release “Recount Just One Step To restoring Credibility”. He is however available for media comment tomorrow, Tuesday the 8th of October, all media arrangements are...
    Mana | 07-10
  • RECOUNT JUST ONE STEP TO RESTORING CREDIBILITY
    “I have applied for a judicial recount of the votes in the Tai Tokerau election because it is one step in trying to restore credibility to the electoral process in the north, and, I suspect, in all other Maori electorates...
    Mana | 07-10
  • MANA SEEKS TAI TOKERAU RECOUNT
    The MANA Movement is supporting Leader Hone Harawira’s application for a judicial re-count in the Te Tai Tokerau electorate for the 2014 general election. President Lisa McNab says there are a number of serious issues of concern regarding the ability...
    Mana | 07-10
  • MANA to fight mass privatisation of state housing
    Announcements over the past 12 hours from the Minister responsible for Housing New Zealand, Bill English, and Minister for Social Housing, Paula Bennett, make clear the government’s intention for the mass privatisation of state housing. This comes during the middle...
    Mana | 07-10
  • Journalists have right to protect sources
    Legal authorities must respect the right of journalist Nicky Hager to protect the source of his material for his Dirty Politics book under Section 68 of the Evidence Act, Acting Labour Leader David Parker says. “It is crucial in an...
    Labour | 06-10
  • It shouldn’t take the Army to house the homeless
    National’s move to speed up its state house sell-off shows it is bankrupt of new ideas, says Labour’s Housing spokesperson Phil Twyford. “National has been in office for six years, yet the housing crisis has got worse every month and...
    Labour | 06-10
  • We need more houses, not Ministers
    The Government’s decision to have three housing Ministers will create a dog’s breakfast of the portfolio and doesn’t bode well for fixing the country’s housing crisis, Labour’s Housing spokesperson Phil Twyford says. “New Zealanders need more houses, not more Ministers....
    Labour | 05-10
  • MANA’S CHALLENGE TO THE 51st PARLIAMENT
    Ten years ago I led 50,000 Maori on the historic FORESHORE AND SEABED MARCH from Te Rerenga Wairua to the very steps of this parliament, in a march against the greatest land grab in the history of this country –...
    Mana | 03-10
  • Is this really necessary?
    No one denies chief executives should be well paid for their skills and experience, but it is the efforts of all employees which contribute to company profits, Labour’s Acting Leader David Parker says. “Salaries paid to chief executives come at...
    Labour | 02-10
  • Lyttelton Port workers also deserve pay rises
    Hard slog by Lyttelton Port workers contributed to strong financial growth for the company and they deserve to be rewarded for their work as much as its chief executive, says Labour’s Acting Leader David Parker. “Lyttelton Port chief executive Peter...
    Labour | 02-10
  • Māori Party must seek guarantees on Māori seats
    Labour is calling on the Māori Party to ensure protection of the Māori seats is part of its coalition deal with National which is being considering this weekend, Labour’s Māori Affairs spokesperson Nanaia Mahuta says. “For the third consecutive term,...
    Labour | 02-10
  • Donaghys job losses another blow to Dunedin
    The loss of 30 jobs from Donaghys rope and twine factory is yet another blow to the people and economy of Dunedin, says Dunedin South Labour MP Clare Curran. “Donaghys was founded in 1876; the company has survived two world...
    Labour | 02-10
  • Dairy price fall shows urgent need to diversify
    The overnight drop in milk prices shows New Zealand’s overreliance on the dairy industry puts our economy in a vulnerable position, says Acting Labour Leader David Parker. “Dairy prices fell 7.3 per cent overnight and have almost halved since February....
    Labour | 02-10
  • Tasks aplenty for new Health Minister
    One of the first jobs for the new Minister of Health must be to provide an honest and transparent report into surgery waiting times and exactly how many Kiwis are not having their health needs met, Labour’s Health spokesperson Annette...
    Labour | 02-10
  • Previewing the 4 candidates for Leader of the Labour Party
    The extraordinary outbursts by Shearer last week highlights just how toxic that Caucus is. Shearer was on every major media platform as the ABC attack dog tearing into Cunliffe in the hope of diminishing Cunliffe’s support of Little by tearing...
    The Daily Blog | 19-10
  • GUEST BLOG: Kate Davis – the sudden explosion of ‘left’ blogs
    Time to Teach or more people will suffer from P.A.I.D. Political And Intellectual Dysmorphia.I was on the Twitter and a guy followed me so of course I did the polite thing and followed him back. He wrote a blog so...
    The Daily Blog | 19-10
  • Ego vs Eco
    Ego vs Eco...
    The Daily Blog | 19-10
  • We can’t let the Roastbuster case slip away
    Those of us (like me) left with hope that the police would aggressively follow through on the large amount of evidence on offer to them (let’s not forget they forgot they even had some at one point) in the Roastbusters...
    The Daily Blog | 19-10
  • Food, shelter and medicine instead of bombs and bullets
    The on-going conflict across the Middle East – due in large part to the US-led invasions of Afghanistan and Iraq – has created another humanitarian crisis of biblical proportion. The essentials of life are desperately needed in Iraq and Syria...
    The Daily Blog | 19-10
  • The politics of electorate accommodations
    National’s electorate accommodations with ACT and United Future were a big factor in it winning re-election. Interestingly, there is another electorate accommodation scenario whereby the centre-left could have come out on top, even with the same distribution of party votes....
    The Daily Blog | 19-10
  • Why you should join the TPPA Action on 8 November
    On 8 November 2014, thousands of Kiwis will take part in the International Day of Action to protest the Trans-Pacific Partnership Agreement (TPPA). The rally cry for us is TPPA – Corporate Trap, Kiwis Fight Back. Why should you join...
    The Daily Blog | 19-10
  • GUEST BLOG – Patrick O’Dea: no new coal mines
    Green Party and Mana Party policy is “NO NEW COAL MINES!” Auckland Coal Action is trying to put this policy into action on the ground. ACA after a hard fought two year campaign waged alongside local residents and Iwi, in...
    The Daily Blog | 19-10
  • Comparing Police action – Hager raid vs Roast Buster case
    This satire had the NZ Police contact TDB and threaten us with 6months in prison for using their logo.   The plight of Nicky Hager and the draconian Police actions against him has generated over  $53 000 in donations so...
    The Daily Blog | 18-10
  • Malala Yousafzai, White Saviour Complexes and Local Resistance
    Last week, Malala Yousafzai was the co-recipient of the Nobel Peace Prize. Since her exposure to the worldwide spotlight, her spirit, wisdom and strength have touched the hearts of people everywhere. However, there have been cynics who have argued that...
    The Daily Blog | 18-10
  • Jason Ede is back – but no media can interview him?
    Well, well, well. Jason Ede, the main figure connected to John Key’s office and the Dirty Politics black ops is back with a company with deep ties to the National Party. One thing you can say about the right –...
    The Daily Blog | 18-10
  • GUEST BLOG: Curwen Rolinson – Leadership Transitions In Other Parties: A ...
    As cannot have escaped anyone’s attention by now, the country is presently in the grips of an election and campaign that will help determine the fate of the nation for years to come. It’s gripping stuff – with clear divides...
    The Daily Blog | 17-10
  • SkyCity worker says she faces losing her house
    SkyCity worker Carolyn Alpine told the company annual shareholder’s meeting today that she faced the prospect of losing her house because the company had cut her shifts from two a week to one without consultation. The solo mother, has worked...
    The Daily Blog | 17-10
  • Greg O’Connor’s latest push to arm cops & 5 reasons not to
    I was wondering at what point within a 3rd term of National that Police Cheerleader Greg O’Connor would start trying to demand cops be armed. O’Connor must have thought to himself, ‘if bloody Key can get us and the GCSB vast new...
    The Daily Blog | 16-10
  • You can’t have crisis without ISIS
    So the new scary bogeyman ISIS might have chemical weapons that the US secretly found in Iraq, but America didn’t want to expose this find because the WMDs were actually built and made by the US and Europe, the two powers...
    The Daily Blog | 16-10
  • NZ WINS UN SPIN THE BOTTLE! Privately sucking up to America for a decade me...
    Oh, we are loved! Little old NZ, the 53rd state of America after Israel and Australia, gets to sit at the adults table for the special dinner party that is the UN Security Council. How delightful, a decade of privately...
    The Daily Blog | 16-10
  • MEDIA BLOG – Myles Thomas – A World Without Advertising
    Non-commercial broadcasting and media. It’s a solution for all manner of problems ailing our tender nation… voter engagement, unaccountable governance, apathy, stupefaction, public education, science in schools, arts appreciation, cultural cringe… But no-one could’ve guessed that non-commercial media might solve...
    The Daily Blog | 16-10
  • March against war – 2pm Saturday 25th October
    March against war – 2pm Saturday 25th October...
    The Daily Blog | 16-10
  • Whack a mole as US govt foreign policy
    Whack-A-Mole was a popular arcade game from my youth.  It consisted of a waist high cabinet with holes in the top. Plastic moles seemingly randomly pop out of these holes. The purpose of the game was to hit as many...
    The Daily Blog | 16-10
  • In Paean of Debt
    This week is ‘Money Week’. It’s an opportunity to promote to the middle classes, and anyone else who will listen, the virtues of wise ‘investment’. The aims are to promote the mystical (and indeed mythical) virtues of saving for the...
    The Daily Blog | 16-10
  • The last 48 hours – Poverty denial, war denial and unapologetic abuse of ...
    The bewildering speed of events that simply end in Key shrugging and proclaiming he doesn’t really give a shit is coming think and fast as the Government suddenly appreciate the full spectrum dominance they now enjoy. Here is Radio NZ...
    The Daily Blog | 16-10
  • GUEST BLOG: Pat O’Dea – Mana 2.0 Rebooted
    Internationally the news is that Evo Morales of Bolivia won big with Left Wing policies But what are the chances that the Left will make a resurgence in this country? As the internecine struggles between the Left and the Right...
    The Daily Blog | 15-10
  • The Blomfield IPCA letter – Has Dirty Politics leaked into the NZ Police ...
    It’s difficult to know what to make of the IPCA letter to Matthew Blomfield over Slater’s continued insistence that the hard drive taken from Matthew wasn’t stolen.  Slater has selectively cherry picked the Police referring back to his claim that Blomfeild perjured...
    The Daily Blog | 15-10
  • ​Media release: Rail and Maritime Transport Union – Auckland move for K...
    The Rail and Maritime Transport Union is questioning a KiwiRail proposal to progressively relocate its Zero Harm personnel from Wellington to Auckland. “The purpose of the Zero Harm team is to drive KiwiRail’s performance in health and safety.  Rail is a...
    The Daily Blog | 15-10
  • Amnesty International – Friend request from an IS militant
    There’s always that one person, that one Facebook friend, usually a musician or event promoter, who, when you so foolishly accept their friend request, will completely inundate your news feed with copious event invitations and promotions. The person who, despite...
    The Daily Blog | 15-10
  • NZ should follow the UK and recognize the Palestinian state
    Over the past two weeks, the United Kingdom and Sweden have made headlines through their decisions to recognize the state of Palestine. They are hardly the first nations to do so. Indeed, 134 countries have, in various ways, given formal...
    The Daily Blog | 15-10
  • The Discordant Chimes of Freedom: Why Labour has yet to be forgiven.
    WHY DOES THE ELECTORATE routinely punish Labour and the Greens for their alleged “political correctness” but not National? It just doesn’t seem fair. Consider, for example, the Crimes (Substituted Section 59) Amendment Act 2007 – the so-called “anti-smacking legislation” –...
    The Daily Blog | 15-10
  • Hosking or Henry – Which right wing crypto fascist clown do you want to w...
    So Mediaworks are finally going to make some actual money from their eye watering contract with Paul Henry by launching a new multi-platform Breakfast show over TV, Radio and internet. This is great news for Campbell Live who have dodged...
    The Daily Blog | 14-10
  • Families need more money to reduce child poverty
    Prime Minister John Key is mistaken to rule out extending the In Work Tax Credit to all poor children (The Nation 11th Oct) and Child Poverty Action Group challenges government advisors to come up with a more cost effective way...
    The Daily Blog | 14-10
  • GUEST BLOG: Kelly Ellis – Don’t shit on my dream
    Once were dreamers. A large man, walks down the road and, even from 200 yards there’s light showing between his big arms and bigger body. It’s as if he’s put tennis balls under his arms. Two parking wardens walk out...
    The Daily Blog | 14-10
  • Labour and ‘special interests’
    The media narrative of Labour is that it is unpopular because it’s controlled by ‘special interests’. This ‘special interests’ garbage is code for gays, Maoris, wimin and unionists. We should show that argument the contempt it deserves. The next Labour...
    The Daily Blog | 14-10
  • Housing; broken promises, families in cars, and ideological idiocy (Part Ru...
    . . Continued from: Housing; broken promises, families in cars, and ideological idiocy (Part Tahi) . National’s housing development project: ‘Gateway’ to confusion . Perhaps nothing better illustrates National’s lack of a coherent housing programme than the ‘circus’ that is...
    The Daily Blog | 14-10
  • Here’s what WINZ are patronisingly saying to people on welfare when they ...
    Yesterday, a case manager from WINZ called to tell me that I needed to “imagine what I would do if I did not have welfare”. I replied “Well, I guess if I couldn’t live at home, I would be homeless.”...
    The Daily Blog | 14-10
  • David Shearer’s ‘no feminist chicks’ mentality highlights all that is...
    Mr Nasty pays a visit Shearer’s extraordinary outburst last night on NZs favourite redneck TV, The Paul Henry Show, is a reminder of all that is wrong within the Labour Caucus right now… He said the current calls for a female or...
    The Daily Blog | 13-10
  • Greenpeace 1 – Shell 0
    Greenpeace 1 – Shell 0...
    The Daily Blog | 13-10
  • GUEST BLOG: Kate Davis – A Tale Of Two Cities
    Sunday was surreal. I went for a drive and ended up in a different country. It wasn’t intentional but those days of too many literally intertextual references seldom are. There is no doubt that the Sunday drive this week had...
    The Daily Blog | 13-10
  • Key raises terror threat level to justify war in Iraq and now the SIS need ...
    Have we learned nothing from rushing into war? It’s embarrassing Key has raised our terror threat from ‘very low’ to ‘low’ so he can justify military action in Iraq. Watching him pimp for an American war is as sick as...
    The Daily Blog | 13-10
  • Socialism? in France; Austerity in Europe
    On Sunday I stumbled upon this recent New York Times column The Fall of France by Paul Krugman. Then I caught BBC’s Newsnight interview with France’s ‘Socialist’ Prime Minister Manuel Valls. Krugman notes that the Socialists came to power on an anti-austerity mandate, but completely squandered their opportunity...
    The Daily Blog | 13-10
  • So Snowden and Greenwald were right – again – NZ Embassies spying for A...
    Well, well, well. What do we have here… NZ embassies involved in covert intelligence work for US – reportsNew Zealand’s embassies have been involved in covert intelligence gathering work on behalf of the United States, a fresh batch of classified...
    The Daily Blog | 13-10
  • GUEST BLOG: Curwen Rolinson – Why David Parker *isn’t* a credible choic...
    The one electoral contest this year that a Labour leader is sure to win heated up over the weekend with the late entry of Finance Spokesman (and interim caretaker leader) David Parker into Labour’s leadership race. I’d blogged late last...
    The Daily Blog | 13-10
  • Fran O’Sullivan’s extraordinary column
    Note how the carefully constructed flow chart above ignores the mainstream media’s complicity with Slater and Dirty Politics    I am no fan of Fran O’Sullivan’s politics and would argue long into the day against her on many of the...
    The Daily Blog | 13-10
  • Final salute to Cunliffe
    Final salute to Cunliffe...
    The Daily Blog | 13-10
  • David Cunliffe’s statement
    I am today announcing that I have decided not to nominate for the 2014 Labour Party leadership contest. It has been a hard decision to make but it is one that I believe is in the best interests of the...
    The Daily Blog | 13-10
  • Cunliffe to quit leadership race – the losers are the Labour Party member...
    That’s all folks   And so ends the first ever Labour Party member/affiliates choice for leadership. David Cunliffe is standing down at 2pm and is supporting Andrew Little instead. What a perverse turn of events. Cunliffe was punished by an angry Labour leadership forced...
    The Daily Blog | 13-10
  • Want to see new Nu Zilind? Read the comments section of Andrea Vance’s co...
    Andrea Vance is no stooge. She is one of the few mainstream media voices who has challenged power and authority, her latest column on the outrageous attempts by Key to use fear mongering to  spook the sleepy hobbits into war...
    The Daily Blog | 12-10
  • Humanity calling Government – anyone with empathy home?
    On Friday night groups of Invercargill activists and plain ole people who care took part in the 14 Hours Homeless event – sleeping out in the balmy southern climate on cardboard and couches at our Salvation Army Citadel. It’s a...
    The Daily Blog | 12-10
  • Labour, leadership and White blokes
    David Shearer said on TV3’s The Nation this weekend that he appreciated the support Labour’s received from Maori and Pacific communities over the last few elections, but that it was important to again, secure the votes of ordinary white blokes...
    The Daily Blog | 12-10
  • Wrong priorities in media coverage of Ebola crisis
    The experts have told us that there is very little likelihood of a serious Ebola outbreak in any Western nation – unless the virus changes so that it can be spread through the air rather than just via bodily fluids....
    The Daily Blog | 12-10
  • John Key uses the same old warmongering recipe
    Less than three weeks after the election Prime Minister John Key wants New Zealand to join a war in the Middle East and extend the powers of our US-focused spy agencies the SIS (Security Intelligence Service) and the GCSB (Government...
    The Daily Blog | 12-10
  • GUEST BLOG: Anjum Rahman – shifting focus: towards building an effective ...
    It has now been three weeks since the election, and we on the left are still in the phase of trying to figure out what went wrong.  That can be a useful exercise depending on how it’s done, especially if...
    The Daily Blog | 11-10
  • iPredict New Zealand Weekly Economic & Political Update
    Andrew Little’s probability of being the next leader of the Labour Party has reached 70% and Jacinda Ardern is favourite to become his deputy, according to the combined wisdom of the 8000+ registered traders on New Zealand’s predictions market, iPredict....
    Scoop politics | 20-10
  • Prison Drug Treatment Unit marks a milestone
    Christchurch Men’s Prison’s Drug Treatment Unit (DTU) celebrated the completion of its 50th six month Drug and Alcohol Programme today, with the graduation of a further twelve offenders....
    Scoop politics | 20-10
  • Security Council seat a chance for NZ to empower women
    The UN Women National Committee Aotearoa New Zealand (UN Women NCANZ) welcomes New Zealand winning a seat on the United Nations Security Council and is calling on New Zealand to use its position to proactively promote effective implementation of the...
    Scoop politics | 20-10
  • Waipareira and ACC sign Partnership
    Waipareira and The Accident Compensation Corporation (ACC) have signed a Memorandum of Understanding at Whanau Centre, Henderson – marking a special day for the West Auckland Urban Maori organisation....
    Scoop politics | 20-10
  • Humanitarian aid desperately needed in Iraq and Syria
    Global Peace and Justice Auckland is calling on the government to provide humanitarian funding for non-aligned NGOs (non-governmental organisations) in the Middle East rather than give any support whatever for the US-led military campaign in the area....
    Scoop politics | 19-10
  • Court Judicial Decision: Dotcom v The USA: 17 October 2014
    The United States of America is seeking the extradition of Messrs Dotcom, Batato, Ortmann and Van Der Kolk. The matter has been before the Courts on numerous occasions, and no further recitation of the facts is needed....
    Scoop politics | 19-10
  • Marshall Island poet speaks at UN climate summit
    “The fossil fuel industry is the biggest threat to our very existence as Pacific Islanders. We stand to lose our homes, our communities and our culture. But we are fighting back. This coming Friday thirty Pacific Climate Warriors, joined by...
    Scoop politics | 19-10
  • Many tourist car accidents preventable
    Simple steps could dramatically reduce the number of accidents involving tourists, says the car review website dogandlemon.com ....
    Scoop politics | 19-10
  • RainbowYOUTH: 25 Years, 25 More
    In 1989, a group of young people in Auckland got together to form a support group for LGBTIQ youth. They called it Auckland Lesbian And Gay Youth (ALGY). After 25 years, several location changes, a name change, a brand reboot...
    Scoop politics | 19-10
  • Outdated Oath shows need for Kiwi Head of State
    MPs are sworn in today and New Zealand Republic has written to MPs asking them to talk about why 121 New Zealanders elected by the people of New Zealand and standing in the New Zealand Parliament swear allegiance to another...
    Scoop politics | 19-10
  • Council shouldn’t revenue grab from windfall valuations
    Auckland Council should state clearly they will not try and capture revenue as a result of the latest valuations and needs reminding that the City’s skyrocketing property values doesn’t change the level or cost of Council’s services, says...
    Scoop politics | 19-10
  • EPMU endorses Andrew Little for Labour leadership
    The National Executive of the Engineering, Printing and Manufacturing Union unanimously endorsed Andrew Little for the role of Labour leader, at a meeting held yesterday. “I have been speaking to our workplace delegates at forums across the country over...
    Scoop politics | 19-10
  • World Food Day promotes Agroecology not GE technology
    The UN has stated that agroecology is a major solution to feeding the world and caring for the earth....
    Scoop politics | 19-10
  • Labour Names Review Team
    Labour’s New Zealand Council has appointed Bryan Gould as Convenor of its post-General Election Review. He will be joined on the Review Team by Hon Margaret Wilson, Stacey Morrison and Brian Corban....
    Scoop politics | 19-10
  • Contenders for Labour leadership debate for first time
    The contenders for the leadership of the Labour Party debated for the first time on TV One’s Q+A programme today....
    Scoop politics | 19-10
  • UN Ambassador Jim McLay on TV One’s Q+A programme
    New Zealand's United Nations Ambassador Jim McLay on TV One’s Q+A programme....
    Scoop politics | 18-10
  • The Nation: RSA President BJ Clark & Ian Taylor, New NZ Flag
    Lisa Owen interviews RSA President BJ Clark and tech innovator Ian Taylor about changing the NZ flag...
    Scoop politics | 18-10
  • The Nation: RSA President BJ Clark & Ian Taylor, New NZ Flag
    Lisa Owen interviews RSA President BJ Clark and tech innovator Ian Taylor about changing the NZ flag...
    Scoop politics | 18-10
  • Lisa Owen interviews Foreign Minister Murray McCully
    Murray McCully says New Zealanders can expect a 5-10 year engagement against Islamic State if we join military action in Iraq and the government will take that “very carefully into account”...
    Scoop politics | 18-10
  • Lisa Owen interviews Julia Gillard
    Julia Gillard says there is “sufficient evidence” to fight Islamic State and does not think it will increase the risk of a domestic attack...
    Scoop politics | 18-10
  • NZ businesses to make child abuse a priority conversation
    Many leading New Zealand businesses have partnered with national child advocacy organisation Child Matters to participate in the fourth annual ‘Buddy Day’ - New Zealand’s only child abuse prevention awareness day....
    Scoop politics | 17-10
  • Tribunal decision significant for SMEs
    The Human Rights Review Tribunal decided this week in favour of an employee’s right not to work on Saturdays for religious reasons. The decision may still be appealed but the Director of the Office of Human Rights Proceedings, Robert Kee,...
    Scoop politics | 17-10
  • On The Nation this weekend
    This weekend on The Nation… New Zealand has been elected to the United Nations Security Council, but what happens next? Lisa Owen interviews Foreign Minister Murray McCully from New York about our goals for reform, what America wants from us...
    Scoop politics | 17-10
  • 1000+ supported by Te Arawa Whanau Ora
    Over 1000 individual whānau members are leading happier, healthier, more successful lives as a result of eight passionate and committed Māori organisations working at the coalface to help whānau find success....
    Scoop politics | 17-10
  • Nomination for Board Members Now Open
    CRF’s objective is to create opportunities for people from refugee backgrounds to lead fulfilling lives and contribute to every area of New Zealand society. It is an organisation that undertakes advocacy work using the strengths-based approach,...
    Scoop politics | 16-10
  • Anglican Family Care Otago staff to take industrial action
    Social workers, family workers and support staff working for Anglican Family Care in Dunedin and South Otago will take industrial action after their employer refused a pay increase that would keep up with the rising cost of living....
    Scoop politics | 16-10
  • Use UN Security Council role to overcome inaction and injust
    Amnesty International welcomes New Zealand winning a seat on the UN Security Council and is calling on New Zealand to use the role to ensure the body lives up to its role of safeguarding global peace and security....
    Scoop politics | 16-10
  • Grisham’s ‘child porn’ comments ignorant
    World-renowned author John Grisham has come under fire by advocacy group Stop Demand Foundation, for comments it says trivialises the global child sex abuse trade....
    Scoop politics | 16-10
  • Latest leak of TPPA intellectual property text confirms risk
    On the eve of the latest (non)round of negotiations on the Trans-Pacific Partnership Agreement (TPPA) yet another version of the intellectual property has found its way to Wikileaks ....
    Scoop politics | 16-10
  • New Zealand awarded UN Security Council seat
    International aid agency Oxfam New Zealand welcomes New Zealand’s election to the United Nations Security Council, saying it gives an extraordinary opportunity to make a lasting contribution to international peace and security and improve the lives...
    Scoop politics | 16-10
  • 40 more jobs lost to cheap imports
    40 more jobs lost to cheap imports Another New Zealand manufacturer is closing its doors, giving the lie to the idea that we have a “rock star” economy or any strategy for jobs growth. Wellpack is a paper bag manufacturer...
    Scoop politics | 16-10
  • Pink Batts manufacturer to cut Christchurch jobs
    Pink Batts manufacturer to cut Christchurch jobs 29 roles are to be cut at the Christchurch manufacturing facility of Tasman Insulation, the company which manufacturers the iconic Pink Batts brand of products. The company is proposing to consolidate its...
    Scoop politics | 16-10
  • Kellogg cereal donations help the Sallies feed those in need
    Kellogg New Zealand commits 64,000 serves of breakfast cereal during World Food Day Coinciding with World Food Day this year, Kellogg New Zealand and The Salvation Army are reaching out to less fortunate Kiwis with the donation of 64,000 serves...
    Scoop politics | 16-10
  • National Slips, Labour Hits Lows
    National fail to get post-election bounce but leaderless Labour Party crash to lowest ever support...
    Scoop politics | 16-10
  • NZ parents hope for more than just happy and healthy babies
    Auckland, 16 October 2014 – What do expectant mums and dads hope for their children? According to new research from Growing Up in New Zealand , a baby’s health and happiness may be high up on the list, but today’s...
    Scoop politics | 16-10
  • NZPI backs Minister’s affordable housing stance
    NZPI backs Minister’s affordable housing stance NZPI is supportive of Hon. Dr Nick Smith’s, efforts to use the RMA as a mechanism for taking the heat out of the housing affordability challenge in New Zealand. “As Minister for Environment...
    Scoop politics | 16-10
  • Prime Minister’s OIA Admision Disturbing
    The Taxpayers’ Union is calling for answers after it was revealed on Radio New Zealand’s Morning Report that the Prime Minister’s office routinely flouts its obligations under the Official Information Act. Taxpayers’ Union spokesman, Ben...
    Scoop politics | 16-10
  • NZDIA forum press release
    NZDIA forum press release Wellington - The New Zealand Defence Industry Association, with the support of the NZ Defence Force and the Ministry of Defence, will be holding a two-day international forum on October 21-22 at the Michael Fowler Centre...
    Scoop politics | 15-10
  • BPW NZ calls fashion industry to account
    The New Zealand Federation of Business and Professional Women (BPW NZ) joins the call for action on the use of skinny models and mannequins as it is directly affecting the self-esteem and health of many of our young people....
    Scoop politics | 15-10
  • Electoral Commission introduces Extra Touch for Blind NZers
    The Electoral Commission was presented with the Extra Touch Award by the Association of Blind Citizens of New Zealand (Blind Citizens NZ), in recognition of its successful implementation of Telephone Dictation Voting ahead of its commitment to do so by...
    Scoop politics | 15-10
  • Auckland move for KiwiRail health and safety team questioned
    The Rail and Maritime Transport Union is questioning a KiwiRail proposal to progressively relocate its Zero Harm personnel from Wellington to Auckland....
    Scoop politics | 15-10
  • Redundancies a result of putting profit over good business
    Heinz Watties redundancies a result of putting profit over good business Heinz Watties workers are shocked by the announcement made late last night that up to 100 jobs are being cut from the company’s New Zealand operations. No information was...
    Scoop politics | 15-10
  • Injuries at work show many sectors are too dangerous
    Workers are deeply concerned about the research Statistics New Zealand have released today showing that almost one-quarter of agriculture, forestry, and fishery workers had a work-related injury claim accepted by the Accident Compensation Corporation...
    Scoop politics | 15-10
  • Chatham Rise seabed hearing: the absence of evidence
    The phosphate on the seabed, 450m down on the Chatham Rise, has a particular quality that other phosphate doesn’t have: uranium....
    Scoop politics | 15-10
  • Office of Ombudsman making sure people treated fairly in NZ
    The Office of Ombudsman has told Parliament that it has made significant progress in effectively managing its work to make sure people are treated fairly in New Zealand....
    Scoop politics | 14-10
  • Food Matters Aotearoa Conference Press release
    This year the UN World food day theme is “Sustainable Food Systems for Food Security and Nutrition”, chosen to highlight and raise awareness of the problems worldwide and the solutions to food security and ridding the world of hunger. The...
    Scoop politics | 14-10
  • Support from Production, Recreation and Environment.
    When it comes to water quality not many organisations can claim to have the support of major bodies representing production, recreation and the environment, yet this is exactly what NZ Landcare Trust has achieved. The Trust's upcoming 'Communities...
    Scoop politics | 14-10
  • Law Society supports Malaysian Bar Peace and Freedom Walk
    The New Zealand Law Society has expressed its support for a planned Walk for Peace and Freedom by Malaysian lawyers protesting against continued use of the Sedition Act 1948 by the Malaysian government....
    Scoop politics | 14-10
  • Bunnies Offered Protection With New Technology
    SAFE is announcing the spring launch of its “bunny protector” – a new mobile phone app that will help shoppers on the go avoid animal-tested cosmetics products. Suitable for both iPhone and android, the ‘SAFEshopper Cruelty-free NZ’ app will...
    Scoop politics | 14-10
  • Maori Wellbeing – Defying the Oxymoron
    When Mother Teresa was asked how do you achieve world peace, she said, go home and love your family....
    Scoop politics | 14-10
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