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The nub of the issue

Written By: - Date published: 11:16 am, June 19th, 2013 - 111 comments
Categories: business, economy, john key - Tags: ,

So, John Key can’t admit there’s a crisis in manufacturing. He can’t face the 40,000 job losses, the 16% decline in manufactured exports, the 7.7% fall in the number of manufacturing companies for the simple reason that its happened – is still happening – on his watch. But, crisis or not, the Manufacturing Report has good recommendations for boosting manufacturing. Does Key support them or not?

Does Key support a lower and more stable dollar; if not, why not?
Does Key support fixing taxes to direct investment away from housing speculation to productive companies; if not, why not?
Does Key support lowering infrastructure costs such as electricity prices; if not, why not?
Does Key support R&D tax credits; if not, why not?
Does Key support the government buying Kiwi-made whenever possible; if not, why not?

Key can huff and puff and call people bozos, but lets see him answer those questions.

(Oh and I see there’s been more manufacturing job losses. Just remember, there’s no crisis!)

111 comments on “The nub of the issue”

  1. Gosman 1

    Does Key support a lower and more stable dollar; if not, why not? – Unlikely. Basic market fundamentals mainly set the price of a floating dollar. Attempts to lower a dollar artificially can have drastic negative consequences which John Key wouldn’t be keen to see. Lowering a dollar via interventionist means doesn’t necessarily mean it is more stable either.

    Does Key support fixing taxes to direct investment away from housing speculation to productive companies; if not, why not? – Possibly but CGT do not seem to impact on productive investment decisions greatly in places which have them. Both the US and UK had large Housing price bubbles despite a CGT and other taxes like Stamp Duty. The Government has attempted to make other investment opportunities more interesting such as via the partial float of some SOE’s.

    Does Key support lowering infrastructure costs such as electricity prices; if not, why not? – Most likely yes. The best way to do this is via a market mechanism and not the Government coming in to dictate what the price should be. That way leads to shortages in supply that we experienced on numerous occasions prior to the Electricity reforms of the mid 1990’s. Electricity prices for businesses have trended downwards since then so they seem to be working in the regard of lowering infrastructure costs.

    Does Key support R&D tax credits; if not, why not? – Not if they are exploited by companies that would be likely to spend the money anyway or use it as a loop hole to not pay taxes. Although as far as I am aware National doesn’t mind providing support of a similar nature in this area.

    Does Key support the government buying Kiwi-made whenever possible; if not, why not? – Not if it would impact on the ability of our more competitive companies to bid for contracts in other countries because they follow a similar policy. It would also likely increase the cost of any work Government performs meaning a need for either increased taxes or less money to be spent on other areas.

    • bad12 1.1

      A market mechanism to lower the price of electricity to consumers, i realise that during your time commenting here on the Standard you have been called every idiot under the sun,(probably the clouds as well),so there’s no need for me to expand upon the previous attached discriptives,

      But,

      Please oh please tell us all about this ‘market mechanism’, describe for us all the what and how of such a market mechanism,

      (it’s a dull day and i need a good laugh)…

    • Pascal's bookie 1.2

      Possibly but CGT do not seem to impact on productive investment decisions greatly in places which have them. Both the US and UK had large Housing price bubbles despite a CGT and other taxes like Stamp Duty.

      Yeah, this is the stock standard response trotted out every time. Thing is though, usually the people trotting it out will say (at other times obv), that they believe incentives matter and that incentives should be part and parcel of setting tax policy. I’d be interested in hearing why it is that they claim incentives here don’t work, but that everywhere else they do.

      • Rob 1.2.1

        On tthe CGT issue, what evidence is there from anywhere that CGT propells investment away from housing into manufacturing. Or does it just sound like a good idea as it involves taxing people.

        NZ also had a pretty good mezanine finance base to access untill the GFC came and the finance companies collapsed. Back then whilst they were in the big seat, Labour should have done a much better job putting better regulation and control on errant finance companies so that maybe we would not have experienced the clean out of NZ capital base in the way that we have, but that will be the single telling legacy for NZ of the Clark Govt.

        Its only very reecently that banks have become more open to new funding new innovations and assets. The last few years it has been very difficult to get anything from anyone as there was none.

        • Pascal's bookie 1.2.1.1

          Can’t help but notice Rob, that you didn’t address what I was talking about in any way whatsoever. Any reason for that? Did you forget perhaps?

          After you do that in some sort of semi-convincing matter, I’d be more than happy to address the nonsense you spouted.

    • Follow-the-money 1.3

      Are you John Key’s PR person, by any chance? Your in-depth knowledge of his psyche and beliefs suggest you might be.

      If so, can you confirm whether or not his being quoted as calling Shearer a “bozo” was a misquote? It’s a childish term that one would think beneath the prime minister of a developed country. Did he really mean “sozo”, being the Greek for ‘saviour’ or ‘salvation’?

  2. Winston Smith 2

    Because there isn’t a crisis, the numbers are increasing and confidence is up but hey keep trying to spin the line theres a crisis…repeat a lie long enough and people will believe it

    Though I’d imagine you’d need someone more believable than shearer to nail it

  3. BM 3

    Do I support a lower dollar, not really.
    I and most others don’t want to be hit with even higher living costs, fuck the exporters I’m not here to subsidize their businesses.
    They either adapt or die.

    • bad12 3.1

      Through their business efforts ‘Exporters’ subsidize every aspect of the New Zealand economy along with every aspect of our lives,

      Your brainless dismissal of the export sector tho is par for the course and you would add more to the discourse here by sticking to watching the cheap flat-screen…

      • Rob 3.1.1

        You have to understand that NZ also has to import a raft of raw materials and converted items that are used to manufacture.

        The impact of a much lower doller on those manufactureres would be very severe and huge levels of employment would be lost. But no one here seems to consider that and that is very concerning.

        • Rob 3.1.1.1

          Enginered textyles, yarns, advanced co – polymer plastic resins, tooling steel and the list goes on a long long way. None of this is produced in NZ and yet is critical in many manufacturing processes.

          • lprent 3.1.1.1.1

            Surprising how many of these have been produced in NZ in the past at some point in time or another and how many still are in small vertical market situations. None are that hard to produce here at a cost and price point. I have seen tool steel produced and co-polymer resins. The latter I have even made myself because there are remarkably wide range of them used for many purposes.

            I’d guess that you are not that aware of basic economics because otherwise you’d have carried on the argument into why they are not produced in quantity at the current exchange rates and why they might be at a different exchange rate. Which is a whole different argument than the one of technical feasibility that you appear to be trying to argue (badly).

            I’d suggest you look at the reasons that we no longer have a battery industry

            • Gosman 3.1.1.1.1.1

              Or if he was really aware of basic economic theory that due to comparative advantage why we shouldn’t produce them and instead specialize and trade.

              • Draco T Bastard

                Comparative advantage is a load of bollocks. There isn’t even an absolute advantage for any industrial systems as all factories are designed to run as close to maximum efficiency as possible which means economies of scale go out the window as well. The only advantage of trade is to import something that we don’t presently produce while doing the R&D to produce it.

                • Gosman

                  You’re such an old Mercantilist. I feel like I have been transported back to 18th century pre revolutionary France in any discussion with you. By the way, of the two major competiting theories in Economics at that time how did the countries that adopted one of the rival approaches fair against you tries who too the competing policy?

                  • KJT

                    The UK, which refused to import anything but raw materials from their colonies and exported finished manufactured goods, became the most prosperous empire of the time. But you knew that didn’t you.

                    • Gosman

                      Bzzzzt! Sorry wrong answer. The UK’s preferential trade arrangements with colonies was a late 19 th century policy prescription. From the loss of the US till then the dominant strand of thought in UK economic policy was free trade with all.

                    • Draco T Bastard

                      Oh god, you really have NFI WTF you’re talking about do you?

                      Britain was mercantilist until the beginning of the 19th century. It was that mercantilism which allowed her to become the British Empire upon which the sun never set. It was after taking on the free-trade practices that she went into decline resulting in the inevitable loss of empire in the beginning to mid of the 20th century although in this case it was more of a passing of the flag to the US which had greater protections on it’s financial economy and was thus in ascendance.

                      http://en.wikipedia.org/wiki/Mercantilism#Great_Britain

                    • KJT

                      “Free trade” (sarc) works great when you can enforce favourable trade terms at gun point.

                    • r0b []

                      KJT – quiet here this morning so I moved your post forward a bit – now published – hope that’s OK. And welcome aboard!

                    • KJT

                      Thanks. Appreciated.

                  • Draco T Bastard

                    Me, a mercantilist? lol

            • Rob 3.1.1.1.1.2

              Whether I don’t grasp basic economics or whether we don’t have the technical skills doesn’t solve the fact that the stuff is not available from local supply . However I am sure you will now go on to lecture us all on how to fabricate it.

              • GarethGee

                Well played, Rob. Don’t assume because he runs a website, lprent knows anything practical about manufacturing. Apparently he even knows the competitive price point compared to foreign suppliers. Remarkable! And all this time manufacturers had no idea, because, you know, what possible incentive could they have to find this out?

        • Draco T Bastard 3.1.1.2

          You have to understand that NZ also has to import a raft of raw materials and converted items that are used to manufacture.

          No we don’t. We have all the needed raw resources within our own borders although we would need to develop the infrastructure for processing them. This is known as developing the economy.

          The impact of a much lower doller on those manufactureres would be very severe and huge levels of employment would be lost.

          Actually, it would tend to encourage the development of the economy because importation would be too expensive and thus produce more jobs.

          • GarethGee 3.1.1.2.1

            Ahhh import replacement strategies. Go ask Argentina in the 90s how that worked out for them. Cue IMF conspiracy theories ad nauseum.

            And no, New Zealand doesn’t have all the materials. You need skill and knowhow. and you need someone to finance it. You keep using “we” in developing this capability. By which, I assume you mean, the government invests in these processes rather than private sector initiative. Again, Argentina much?

            • Draco T Bastard 3.1.1.2.1.1

              And no, New Zealand doesn’t have all the materials.

              Yes we do – go check out the governments minerals website on it.

              You need skill and knowhow.

              Yep, got those too – that’s what all those universities are for. In fact I believe we’re presently leading the world in some fields.

              and you need someone to finance it.

              Easy – the government prints the money and spends it into the economy specifically to make use of those resources.

              By which, I assume you mean, the government invests in these processes rather than private sector initiative.

              Of course, the private sector comes with the dead weight loss of profit which leaves the majority working hard and going nowhere and a large percentage in outright poverty all so that a few sociopaths can be rich. We know this because it’s what has always happened when the private sector (read, rich pricks) takes over the economy and only uses it to their own benefit.

              BTW, we the people are the government. The government is not a separate entity.

              Again, Argentina much?

              Using a single word isn’t an argument.

          • Rob 3.1.1.2.2

            at 3.1.1.2 and thus the lecture starts.

  4. tracey 4

    When the Pm calls the Greens hippies and their funny money policy (quantitative easing it’s called elsewhere) how do his supporters (who agree with him) reconcile that against things like this?

    “Markets rally as Ben Bernanke backs further quantitative easing”

    http://www.guardian.co.uk/business/2013/may/22/markets-rally-ben-bernanke-qe-stimulus

    “The US economy was improving, but “headwinds” including government budget cuts were dragging on the recovery, Bernanke told the US Congress.”

    “Bank of England pressed to increase quantitative easing as confidence sags”
    http://www.guardian.co.uk/business/2013/mar/04/bank-of-england-qe-confidence

    I bet the bank of England would be surprised to be icalled hippies and supporters of “funny money”

    • Gosman 4.1

      Horses for courses. Regardless the Greens aren’t pushing this policy anymore because they can’t get backing from Labour or NZ First. Why would Labour and NZ First be so anti it do you think?

      • vto 4.1.1

        Why would John Key call the Bank of England and Ben Bernanke and the Federal Reserve loopy hippies with funny money policies do you think?

        Is it because the Bank of England, the Federal Reserve and Ben Bernanke are hippies with funny money policies or is it because John Key just keeps talking absolute bullshit?

        • Gosman 4.1.1.1

          Have you got the quote where John Key directly called the Bank of England and Ben Bernanke and the Federal Reserve “loopy hippies with funny money policies”?

          I’d expect the quote to include all of those various people/organisations by name rather than by inference.

          • vto 4.1.1.1.1

            Ha ha – have to pull out the pinhead dance again eh gosman? Let me rephrase it for you if that help…

            Why would John Key describe money printing policies like those of Ben Bernanke, the Federal Reserve and the Bank of England as loopy and funny money policies do you think?

            Is it because the money printing policies like those of Ben Bernanke, the Federal Reserve and the Bank of England are loopy and funny money policies or is it because John Key just keeps talking bullshit

            next pinhead coming to you in 3… 2… 1…

            • Andrew 4.1.1.1.1.1

              Printing money is one of last resort. The US and the UK are printing money as they have an effective 0% – 0.5% base rate and deflation. They are trying to inflate their economies. NZ, on the other hand, still has a base rate of 2.5% and no deflation, rather we still have inflation, albeit at the lower end of the scale.

              Printing money with a 2.5% base rate, when your economy is expanding, is likely to cause more inflation and a decline in real money purchasing power.

              That is why it’s idiotic/loopy in ‘NZ’. It’s arguably not idiotic/loopy in the UK or the US. The same effect can be used here by lowering our base rate. The US and the UK cannot lower theirs any more.

              • Gosman

                Thank you Andrew.

                Over to you vto.

              • vto

                I understand that is, partly, correct Andrew, but the point is around John Key and his shit talking. He deceives and avoids and minces and… simply talks bullshit. This is one example.

                edit: the funny thing is that the policies are still actually funny money policies. The world’s greatest ponzi scheme running amok all over the whole place. Do you ever wonder why actual real assets like power companies, land, gold, knitting machines, farm animals, etc etc are valued above printed paper money??? And by those who print that money? It is all the great deception….

                • Gosman

                  The policy is one for loonies in the NZ context. Why is this a difficult concept for you to grasp?

                  The Greens have finally understood they aren’t going to make any head way on this. If the Hippies can understand this why can’t you?

                  • vto

                    Already answered to Andrew above.

                    And btw, you shold always listen to the hippies as they are usually one step or generation ahead of the rest……

                    And their recognition of this policy as a useful tool in certain circumstances, just like the US, UK, Japan and Europe, (albeit the same circumstances do not quite exist in NZ at the monent) is one example of that.

                    Another example is recognition of Omaha and Waiheke and Coromandel as superior places to live before the rich rabble…

                    Another example is recognition of organic food as superior to corporate food before the rich rabble….

                    Another example is recognition of alternative energy before the rich rabble…

                    Go the hippies I say

                    • Gosman

                      Another example is the lack of use of basic hygiene before the rich rabble.

                      Another example is the belief in the power of ‘energy’ (Like Homeopathy) to cure illness before the rich rabble.

                      Another example is the belief in the power of free love to solve the worlds problems before the rich rabble.

                      Those Hippies got everything just right before everyone else no doubt about it, Man.

                    • vto

                      ha ha, we each make our own nests gosman.

                      and btw, your hygiene one is false. The other two are matters of the mind, if you like, whereas what I was talking about was daily physical realities (land, food, heating and power).

                      but you know – hairs to split and all that.

                • Andrew

                  “Do you ever wonder why actual real assets like power companies, land, gold, knitting machines, farm animals, etc etc are valued above printed paper money??? And by those who print that money? It is all the great deception….”

                  Because paper money has no intrinsic value. The paper means nothing. The guarantee of goods or services give it value. So the paper is only worth what you can exchange for it in the way of goods and services.

                  • vto

                    True.

                    Note what people with lots of paper money do – exchange it as quickly as possible for actual real assets like power companies, land, gold, knitting machines, farm animals, etc etc

                    Kind of points to the true game play being game-played out around the globe right now – witness Mighty River Power, witness moves by ECB to push places like Greece and Cyprus to exchange their real assets for paper money…

                    I think we wll need to look, think and evaluate, with big wide open eyes and minds, much more than we do.

                    • Andrew

                      “Note what people with lots of paper money do – exchange it as quickly as possible for actual real assets like power companies, land, gold, knitting machines, farm animals, etc etc”

                      exactly, they do this to hedge against inflation. if the banks paid any real interest on saving, then money in the bank will beat inflation, but not at the moment. poor people that run out of money week to week are the real losers of inflation. this is why printing money will always hurt those with the least money the most, as their precious few $$ they have to spend each week are worth less with an inflated money supply.

                      “I think we will need to look, think and evaluate, with big wide open eyes and minds, much more than we do.”

                      couldn’t agree more.

                    • Draco T Bastard

                      exactly, they do this to hedge against inflation.

                      Nope, they do it to get real assets that can then be held over the heads of everyone else so that they can become even bigger bludgers on society.

                      this is why printing money will always hurt those with the least money the most, as their precious few $$ they have to spend each week are worth less with an inflated money supply.

                      And you still fail to understand that the private banks print vast amounts of money every year and so hurt those poor people. The government printing money won’t do that because:

                      1.) It doesn’t have interest on it and so can actually be paid off
                      2.) Can easily be offset by taxes and so the money supply can be controlled more easily
                      3.) The money printed by the government will actually be spent into the economy rather than accumulated by the few

                      What we need to do is stop the private banks from printing money as they’re the ones causing all the problems.

                    • KJT

                      Unless it is paid to them in increased wages, of course.

                    • Draco T Bastard

                      Increasing wages won’t stop the collapse of the economy brought about by the charging of interest on created money.

                      BTW KJT, I’m not really sure what you’re replying to there.

                    • KJT

                      Replying to Andrew. Poor people do not lose out when inflation increases their wages in relation to costs.

                      When the spending is on wages, not on tax cuts for Hawaii holidays for the rich, for example..

                    • Gosman

                      Inflation does not increase wages. Inflation is a measure of the increase in the price of goods and services not wages. Wages may go up due to higher inflation but they are quite separate things.

              • bad12

                Your joking right, there is only one reason that the NZ economy is running at 2% inflation, it’s called Government BORROWING,

                For the moment i will leave out of the inflation equation private sector borrowing, BUT, tell us all what exactly would be the difference in the Government having ‘printed’ the 100-300 million dollar weekly shortfall in Government revenue for the previous 4 years,

                Of course the economy is showing 2% inflation, it was showing similar to that prior to the Global Financial Crisis and Slippery’s National Government have refused to face reality and borrowed somewhere in the realm of 60-80 billion dollars in 4 years to prop up it’s spending hence the 2% inflation,

                IF the Slippery Shysters had of instead of borrowing that 60-80 billion dollars simply printed the same amount of money the same amount of inflation, (2%), would have occurred,

                Only the blind and/or stupid cannot see this simple truth…

                • Andrew

                  as far as i am aware, government borrowing does not cause inflation. although i am not an economist, so i would concede to being wrong if proved otherwise.

                  “Slippery’s National Government have refused to face reality and borrowed somewhere in the realm of 60-80 billion dollars in 4 years to prop up it’s spending”

                  to prop up its spending? or the previous governments spending? also, according to all in sundry here, we have had nothing but austerity budgets over the past 4 years? Maybe its borrowing is because of the ChCh earthquake, and to keep the economy going since the GFC? A good thing, no?

                  How bad would things be if the government decided that it wouldn’t borrow any more money?

                  edit: “IF the Slippery Shysters had of instead of borrowing that 60-80 billion dollars simply printed the same amount of money the same amount of inflation, (2%), would have occurred,”

                  bullshit

                  • Gosman

                    Government borrowing can cause inflation if you add to the amount of money in circulation as a result. But you are correct that borrowing in its own right doesn’t have a large impact. It is resultant government spending which has the bigger impact on inflation. Nowhere near the impact though if you funded the spending shortfall via printing money. The fact bad12 doesn’t understand this is a biting indictment on his/her left wing view of the world.

                    • Andrew

                      so i guess that when the loan is repaid the money is no longer in circulation.

                    • KJT

                      There is absolutely no difference in the initial effect on inflation between QE, insurance money coming in, like CHCH, and Borrowing.

                      The difference is later when borrowing has to be paid back, with interest!

                      The difference is the banks charge us for “printing money”.

                      See comment below.

                    • Colonial Viper

                      so i guess that when the loan is repaid the money is no longer in circulation.

                      Correct. Money is effectively destroyed from the economy, until a new loan is originated, recreating the money in the economy. A fact inferred by this cartoon

                      http://thestandard.org.nz/toles-on-economic-recovery/

                    • KJT

                      So Gosman, Governments borrow money without necessarily spending it?

                      I suppose you are right when they borrow it for tax cuts for Hawaii holidays. AND The money is not spent here.

                      However, say 300 million is spent in Christchurch
                      In borrowed money, QE or taxation.
                      Only taxation has a neutral effect on inflation.

                      However inflation is not a given. If the extra money soaks up otherwise unused resources, such as previously unemployed people. Which we have far too many.

                    • Gosman

                      Do people use NZ dollars when they are on Hawaii on Holiday?

                  • bad12

                    Government borrowing does not cause inflation, Government spending does, even frigging Gosman knows that, i get the feeling we have been debating with a slightly retarded 5 year old…

          • bad12 4.1.1.1.2

            Splitting hairs??? If Slippery the PM thinks the Green Party ‘printing money’ is the policy of ‘loopy hippies with funny money policies’ then by inference the Governments of Japan, the US, the UK and Europe must also be ‘loopy hippies’,

            Or, perhaps you see some fundamental difference in a Government of NZ ‘printing money’ as opposed to borrowing other countries freshly printed scrip…

            • Gosman 4.1.1.1.2.1

              See Andrew’s reply above.

              BTW why have The Greens recently abandoned their big push of this policy, (or at least acknowledged it isn’t going to happen anytime soon)?

              • bad12

                See my reply to Andrew’s snippet of low intelligence above, answered in full and debunked for the rubbish it actually is,

                Failing to address the true picture of the Slippery National Governments intentions to hand to the next Government a set of Government accounts mired in 60-80 billion dollars of debt is simply low browed lies by omission we have come to expect not only from this abysmal Government but it’s supporters as well,

                Seems really sensible for the Green Party to stop pushing it’s ‘printing money’ policy as neither Labour or NZFirst, party’s that are likely to form the next Government agree with such a policy…

                • Andrew

                  “See my reply to Andrew’s snippet of low intelligence above, answered in full and debunked for the rubbish it actually is”

                  wow, that’s pretty harsh. straight into the ‘low intelligence’ meme. Nice one.

                  in actual fact, yours is the rubbish. Nowhere above did you debunk anything. In actual fact, the “why don’t governments just print money instead of borrowing it” meme, has been well and truly debunked the world over. Of course, there are a few economists out there that actually believe the way you do, but i certainly wouldn’t call it a consensus as they are very much in the minority.

                  • bad12

                    The Governments of the UK, the US, Japan and Europe print the stuff at their whim but you and other neanderthals know better of course,

                    So tell us all again, what would have been the difference, if in the last 4 years the Government had of ‘printed’ the 60-80 billion dollars it has so far borrowed,

                    Your claim is that because there is 2% inflation in our economy ‘printing’ this money so far borrowed would have lead to undue inflation, you are blind to the fact that by borrowing that 60-80 billion dollars in this 4 year period this government has not only kept the dollar growing in value against the US dollar it has also ensured that inflation will be 0-2%,

                    If the Government had not borrowed that 60-80 billion dollars and spent this into the NZ economy it would have tanked and inflation would be at zero%,

                    So really your argument is able to go round in a loop, the argument of the loopy, the truth is that if this Government had of printed that 60-80 billion dollars over that 4 year period we would still have inflation at 2% without having the debt mountain chalked up unnecessarily by this Government…

                    • Colonial Viper

                      I actually what Andrew’s agenda is. It is common knowledge that the big central banks i.e. BoJ, ECB, Federal Reserve, BoE and several other smaller ones, have been creating money at a massive, unprecedented rate since 2008.

                      The Fed’s ZIRP policy means that the Primary Dealers can access that money at essentially 0% interest.

                      What is in it for Andrew to deny these facts?

                    • Andrew

                      see:

                      http://thestandard.org.nz/the-nub-of-the-issue/#comment-650820

                      I have already said that is it absolutely necessary for the big central banks to be printing money due to fighting deflation, so your “you and other neanderthals know better” comment is unnecessary.

                      so, if i understand you correctly, you are saying that if the NZ govt printed 60-80 billion dollars over the last 4 years, while we have positive inflation and a central bank rate of 2.5%, then we would only have the same rate of inflation that we do now ….

                      and i’m saying bullshit.

                      edit: and BTW, “kept the dollar growing in value against the US dollar”. The NZD is growing in value against the USD due to the USD devaluing, not the other way around.

                    • bad12

                      What i have said and it’s in plain English so even the slightly retarded should understand it =,

                      There is but one reason that the NZ economy sailed through the Global financial crisis without going into deflation and that is that the current Government has since 2009 spent into the economy 100-300 million dollars weekly that was not direct Government revenue, ie: it borrowed that 100-300 million dollars a week,

                      Therein lies the root of your 2% growth/inflation and therein lies 1/2 the reason for the high NZ$ the other half being the continuous devaluation of the US$ by you guessed it, printing money,

                      This of course leaves the next Government with a 60-80 billion dollar debt, i am sure you can follow me thus far,

                      Now if we as a country had of followed those big central banks in printing money to fight off deflation instead of borrowing 100-300 million dollars weekly to achieve exactly the same thing we would be in exactly the same position vis a vis the 2% inflation/growth now being experienced except we as a country would not have a debt mountain of 60-80 billion dollars, a lower valued NZ$, far higher export earnings and far more manufacturers and manufacturing jobs,

                      The fact that you can only muster ‘bullshit’ as an interjection is meaningless drivel and you know that i am correct in my analysis unless that is you think borrowed dollars have some form of ‘magical qualities’ that printed dollars do not possess…

                  • Draco T Bastard

                    wow, that’s pretty harsh. straight into the ‘low intelligence’ meme.

                    It’s not a meme, it’s solid research – RWNJs are stupid.

                    Of course, there are a few economists out there that actually believe the way you do,

                    The average run of the mill economist (most of them) wouldn’t know what an economy was if they tripped over one. It’s the one time I’ll say that listening to the academics is worse than useless as doing so leaves everyone worse off.

            • Andrew 4.1.1.1.2.2

              Oh, i forgot about Japan, thanks for reminding me. Japan have been fighting deflationary stagnation since their economy imploded in the 90’s. Printing money in Japan would seem like the only option. From the financial times:

              “The BoJ will double Japan’s already expanded monetary base, taking all imaginable measures to achieve 2 per cent inflation in about two years”

              So once again, they are printing money like there is no tomorrow, among other things, to try and achieve ‘inflation’. We already have inflation, our economy is expanding.

              • vto

                Andrew, when you say this … “our economy is expanding”, which many measure seem to say at the moment, I have to disagree. The money is expanding perhaps, thanks to pretty much debt issued by the banks (which is also most all printed), but the amount of personal activity and production (actual goods etc) by people in their daily lives, which is a true measure of an economy is stagnant.

                The whole expanding economy meme is a myth. It is purely a money measure and we are all awre of the fragile and slippery nature of “money”.

                This measure is all part of the global monetary system. Trust in it at your peril.

                • Andrew

                  smarter people than me work out the inflation rate, i don’t know if banks extending credit has anything to do with it.

                  for more info on how banks (not including the reserve bank) don’t actually print money can be found here:

                  http://www.positivemoney.org/how-money-works/advanced/

                  • KJT

                    And the same people who claim the high interest rates in New Zealand attracting fast loan money from overseas feeding into land prices does not cause land price inflation, claim that QE will cause runaway inflation.

                    Well, both can’t be right.

                    Unless you have the typical RWNJ cognitive dissonance, of course!

                  • Colonial Viper

                    for more info on how banks (not including the reserve bank) don’t actually print money can be found here:

                    The link says that they don’t usually print the money, they simply electronically create it out of thin air.

                    • Draco T Bastard

                      Yeah, was surprised by him linking to Positive Money while saying that the banks didn’t print (create) money. Seems he wasn’t paying attention while reading the page.

              • Draco T Bastard

                Just because we have inflation doesn’t mean that our economy is expanding. Inflation can also be driven by a lack of demand.

      • bad12 4.1.2

        ”A market mechanism to lower the price of electricity”, we are all waiting with bated breath for you to expand upon this telling us what this ‘market mechanism’ is and exactly how it will work to lower the price of electricity,

        Perhaps tho you really have no knowledge of such a ‘market mechanism’ and other’s who view you as nothing but the dumb shill of Slippery’s National Government have your measure down to a T….

        • vto 4.1.2.1

          bad12 that will be the same “market mechanism” that gave us leaky homes, no affordable housing, the inability to provide for dairying irrigation, and 29 dead men at Pike River.

          “Market mechanisms” are only good for undies and car tyres. Important shit it is proven hopeless at.

          • bad12 4.1.2.1.1

            Yeah i am just picking on that clueless empty suitcase in an effort to get ‘it’ to make a bigger fool out of ‘it’self’ than it already has….

          • Gosman 4.1.2.1.2

            Yeah like in Computer Hardware and Software. Industries dominated by the State sector.

            Oh hang on a minute……

            • vto 4.1.2.1.2.1

              fair enough mr clever – undies, car tyres and computers. You can probably add paint, chainsaws and hats too

            • KJT 4.1.2.1.2.2

              Who started the internet, Gossy.

              Clue.

              It wasn’t the private sector!

              • Gosman

                We are discussing the overall market not individual inventions or innovations that form part of the market.

                • KJT

                  Yeah right.

                • bad12

                  You are not discussing anything, your ‘market mechanisms’ etc are simply empty mouthing’s from an equally empty head, i still await your description of the ‘market mechanism’ you claim will bring down the retail price of electricity…

                • Colonial Viper

                  Hey Gossie who invented the transistor, the basis for electronic technology from the 1960’s onwards?

                  And who funded the development of the first jet aircraft?

              • Rob

                KJT who invented the plane .

                Clue

                It wasn’t the Govt.

                • vto

                  Rob, who invented the cooked meal.

                  Clue

                  It wasn’t a market mechanism.

                  • Rob

                    Nor was it a Govt.

                    It was probably an individual, exactly the same as the bloke who conceived the internet.

                    • Colonial Viper

                      If this is the level of reasoning and invention you are referring to, there’s not much hope left.

                    • vto

                      whooosh….

                      you see this crazy line of reasoning exposes the craziness in right wing thinking in these modern times.

                      It would not have been an individual at all it would have been a group I would suggest. Early humans or neanderthals or cro-magnons or our great-granddad-apes never ever acted or lived as individuals. The cooked meal would have been attended to as a group, or community, acting together in its best interests AS A COMMUNITY.

                      This whole concentration on the individual is at the forefront of right wing madness. You guys are out of sync with manwomankind and history. You are an anomoly. You need to wake up and see the big picture and how we humans have got to where we are. It has got us this far – it should, fingers crossed, get us to where we will get in the future.

                      It is all about community, not individuals.

                    • McFlock

                      Maybe Rob’s thinking of Tim Berners-Lee, who developed the integration of hypertext and the internet.

                      While working for CERN.

                      Oh, and he gave it to the world, rather than stifling creativity and expansion via corporate IP monopolies.

                • Colonial Viper

                  KJT who invented the plane .

                  Clue

                  It wasn’t the Govt.

                  LOLOLOLOLOLOLOL what a dumb line of reasoning.

                  • Rob

                    Yep I was thinking of Lee , obviously I missed learning about the community meeting that devised the hot meal cooking roster .

            • Draco T Bastard 4.1.2.1.2.3

              Industries that wouldn’t have got off the ground without government funding.

      • Draco T Bastard 4.1.3

        Because they’re stupid and tied to the neo-liberal lie that the government can’t do it?

  5. KJT 5

    The difference is the banks charge us for “printing money”.

    It still represents work done, either now or in the future who ever “prints” it.

    It seems to have been rather buried inn history that, printing money for public works and employment schemes, work done, now! was how New Zealand got itself out of the 30′s depression. Before the countries that did not, by the way! They required a war.

    Much of the infrastructure the idiots are selling off now, was built with “printed money”.

    The USA did the same. It laid the infrastructure foundations for their continued prosperity after WW2.

    It was also “printed” US dollars backing the Deutschmark, also “printed” which enabled Germany to become the economic powerhouse it is now.

    The problem with “printing money” is that, in New Zealand at present, it is unlikely to cause enough inflation to restore the balance of trade and the overvalued dollar. We have too many underutilized resources, especially workers.

    It puzzles me that some people are so opposed to the State “printing money” but are happy to live with the effects of banks unbalanced “printing money” into house and land price inflation, and our dollar inflation against trade competitors currencies..
    Well, I suppose it is not a puzzle really. they are happy to take wealth off the rest of us, in interest.

    Objections to “printing money” show either a fundamental misunderstanding of the economic role of money, or a cynical desire to foster public ignorance to keep the banks gravy train in operation.

    • Gosman 5.1

      That would seemingly include the NZ Labour party then.

      • KJT 5.1.1

        Nothing would surprise me, about the current Labour party, non-leadership.

        Though some of their younger people seem to be shaping up well.

      • xtasy 5.1.2

        Stop making claims that are not true, even though I am critical of Labour myself, for other reasons.

    • bad12 5.2

      Well said, and i agree with all your points made…

    • Draco T Bastard 5.3

      Objections to “printing money” show either a fundamental misunderstanding of the economic role of money, or a cynical desire to foster public ignorance to keep the banks gravy train in operation.

      QFT and +1 on all the rest as well.

  6. Ad 6

    Great questions.

    My concern is tactical: if the Christchurch requild bring unemployment down below 6% it will be hard to have a sensible conversation about economic development. And hard to ge the left elected
    at all.

    I have been recently re-reading Brian Easton’s The Nationbuilders. It’s a pantheon of many who pushed the development of New Zealand as if New Zealand were an idea to strive for and make. I urge you to read it.

    I liked the Helen Clark government overall. But the next one has to be better than that. I want to see nationbuilders emerge again.

    • Rogue Trooper 6.1

      High Ad.

      • Ad 6.1.1

        Yes I was declaiming from the mountaintop to the soundtrack of Where The Streets Have No Name and calling down all Vogellian gods as I wrote it. Every mild attempt at policy coherence generates these little fantasies; sorry ;-)

  7. Rogue Trooper 7

    well, the NZ dollar is going to go higher against the Aussie on the back of their rates cut, and we are all waiting for Bernanke’s announcement in the morning, with the inevitable flow-on effect to the NZ economy…
    the deficit is going to increase through the imports for the Christchurch rebuild and foreign profit-taking from the “growing economy”.Just swell.

  8. xtasy 8

    John Key would not care a damned shit about the report brought out by the Auckland University professor, who was the author of the manufacturing crisis report.

    The crisis is a multi faceted and complex one, and it is deep. It is not easy to see for those focused on total manufacturing output, which hides the fact, that only a fraction is value added “production” that happens in NZ.

    Low value added or non value added manufacturing dominates, and that is what goes out in raw dairy, meat, logs and fish.

    Key though is not interested in details, he is only interested in quick fixes, as he grew up with “quick fix” deals and solutions. The very environment and conditions of currency or commodity trading is one, where you do not care about details of who does what, who manufactures, who invests, who researches, it is the charts, the present, immediate market ratings, the day to day deal options, that dictates your thinking.

    That is the environment of one John Key, and that is what made him get rich. He is more of a radical short term opportunist and “gambler” and risk taker, than a strategist and planner. The latter is what smart and successful economies are built on, like Germany, Japan and now also China.

    Key is not interested in that, he is only thinking term focused. It is the last term, definitely at least the second last, that he will bother with running politics. So he is focused on quick fixes, and a rush in exports of low value added, resource depleting and environmentally damaging commodities and products, that serves him well. Once – or before, the economy is stuffed and drained, no more to be made, he will move on, and that will be to some other role in business or consulting, or into retirement, which he has already booked himself into, on a nice tropical island on Hawaii.

    No risks for him, and fuck the rest, that is ‘Keysianism”, the most modern version of Fieldman type economics.

    Manufacturing of higher valued products and all the efforts, finance and support that may require is too long term stuff for the man. Not worth his time. So suck deep, NZers, he does not give a shit damned arse for the future of your country. Yet so many love a smiling assasin face to trust, and they all speculate on their properties, to sell for a great gain to an Australian, a Chinese or Pom.

    NZ Economics in short!

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    Mana | 09-09
  • Housing in Waiariki – Sykes
    Fact:  Under this National-Maori Party-ACT-United Future Government 61% of Maori in Waiariki do not own their own home and nearly 70% of Maori rentals in Waiariki pay $200 or more per week. “Maori in Waiariki have low rates of home ownership...
    Mana | 09-09
  • Charter school crisis shows time to axe costly experiment
    Dysfunction from day one at a Northland charter school shows it is time to dump this costly and failed experiment by the National-ACT Government, Labour’s Education spokesperson Chris Hipkins says. “Te Kura Hourua ki Whangaruru received $27,000 in government funding...
    Labour | 08-09
  • Labour will crack down on loan sharks
    A Labour Government will crack down on predatory loan sharks by making it illegal both to charge exorbitant interest rates and to exploit uninformed borrowers, Labour’s Consumer Affairs Spokesperson Carol Beaumont says. Labour today released its Consumer Affairs policy which...
    Labour | 08-09
  • Let’s do the FEED before the weed
    “Last week I put out a very strongly worded email to my colleagues about an online promotion about cannabis law reform” said MANA leader and Tai Tokerau MP, Hone Harawira “and I stand by that criticism today.” My concern was...
    Mana | 08-09
  • TE KAEA and NATIVE AFFAIRS live to fight another day
    “I understand that both the chair of the Board of Maori Television, Georgina Te Heuheu, and new CEO, Paora Maxwell, are now saying that my comments this morning about their plans to cut Te Kaea and Native Affairs, were wrong, and that...
    Mana | 08-09
  • How come the PM only pays 2.8% of his income in tax – Harawira
    “Before John Key talks about the piddling tax cuts he plans for low and middle income families today he needs to explain why he only pays 2.8% of his income on tax while a minimum wage worker pays 28% tax,”...
    Mana | 07-09
  • THE DEATH OF INDEPENDENCE FOR MAORI TV
    “If what I’m hearing is true, tomorrow Maori Television Service (MTS) will dump its news programme, Te Kaea, and staff will lose their jobs” said MANA Leader and MP for Te Tai Tokerau, Hone Harawira “and the Minister of Maori...
    Mana | 07-09
  • Labour recommits to Pike River families
    An incoming Labour-led government will do everything possible to recover the bodies of the Pike River Miners and return them to their families, says Labour Leader David Cunliffe. “This tragedy and its aftermath has left the families of the 29...
    Labour | 06-09
  • Voting has started and still no tax plan or fiscal budget for voters to see
    "Even though voting for the election has already begun, National still refuses to provide any details of its proposed tax cuts. And Bill English admitted this morning that he won’t provide any specifics until after the election", Labour’s Finance spokesperson...
    Labour | 06-09
  • National’s partners’ tax plans cost at least $42 billion
    If National forms the next government its partners’ tax plans will cost the country at least $42 billion, and maybe as much as $50 billion, wreaking havoc with the books, says Labour’s Finance spokesperson David Parker. “National claims to be...
    Labour | 05-09
  • Labour: Providing more opportunities for young Kiwis
    A Labour Government will ensure every young Kiwi under the age of 20 is given the opportunity to be in work, education or training, and plans to develop a conservation apprenticeship scheme to help do that, Labour’s Youth Affairs spokesperson...
    Labour | 04-09
  • Candles out on teachers’ slice of birthday cake
    Today may be Novopay’s second birthday, but there’s little to celebrate, Labour’s Education spokesperson Chris Hipkins says. “Novopay has cost the taxpayer tens of millions of dollars already, and the cost is still climbing....
    Labour | 04-09
  • National’s blatant broadband pork barrelling misses the mark by a country...
    National’s blatant pork-barrelling ICT announcement today should reinforce a growing sceptical electorate’s view that they are all about the gift wrap and not the present, Labour’s ICT spokesperson Clare Curran says. “Instead of addressing the real issues - the woeful...
    Labour | 04-09
  • More evidence of the need to clean up the system
    The latest release of emails and messages between disgraced Minister Judith Collins and blogger Cameron Slater are more evidence of the urgent need to clean up politics, Labour MP Grant Robertson says. "This new evidence confirms a near constant flow...
    Labour | 04-09
  • Labour commits to stable funding for voluntary sector
    A Labour Government will establish long-term funding and streamline contract accountability for community and voluntary groups, says Labour’s spokesperson for the sector Louisa Wall. Announcing Labour’s policy for the community and voluntary sector, she said this would give much greater...
    Labour | 04-09
  • Better trained and skilled workforce under Labour
    Labour is committed to a skilled workforce that benefits businesses as well as their workers, and will increase workplace training to improve productivity and drive innovation, Labour Leader David Cunliffe says. “Labour believes the Government should support New Zealanders into...
    Labour | 03-09
  • Labour will make renting a better option
    Labour will provide greater security of tenure for renters, and build more state and social housing, says Labour’s housing spokesperson Phil Twyford. “Labour believes every kid deserves a decent start in life. That means a warm, dry and secure home....
    Labour | 03-09
  • At least 15 new taxes under National
    John Key is the last person to talk about creating taxes, presiding over a Government that has imposed at least 15 new taxes, Labour Leader David Cunliffe says. “John Key tried a novel line in the debate last night claiming...
    Labour | 03-09
  • Labour will strengthen New Zealand’s democracy
    A Labour Government will act quickly to protect and enhance New Zealand’s reputation as one of the most open and least corrupt countries in the world, Labour Leader David Cunliffe says. “The health of any democracy is improved by greater...
    Labour | 02-09
  • MANA Movement says tax cut on GST must be first priority – Minto
    “If Prime Minister John Key has money available for tax cuts then cutting GST must be the first priority”,  said MANA Movement Economic Justice Spokesperson John Minto. GST is a nasty tax on low-income families”, said Minto. “People in the...
    Mana | 02-09
  • The Maori Party’s Mana-Enhancing Relationship with National – Minto
    “First we had Cameron Slater and David Farrar backing Labour’s Kelvin Davis bid to unseat MANA Movement Leader and MP for Te Tai Tokerau Hone Harawira.  Now we have Slater writing a pro-Te Ururoa Flavell article on his website, Whale...
    Mana | 02-09
  • There’s Only One Poll That Counts
    “One of the oldest sayings in politics is that there is only one poll that counts – the one on Election Day – and that’s the one that I am focusing on” remarked the MANA Movement candidate for Waiariki, Annette...
    Mana | 02-09
  • Local communities critical to Civil Defence
    Labour will focus on empowering New Zealand communities to be resilient in Civil Defence disasters, says Labour’s Civil Defence spokesperson Clare Curran. Announcing Labour’s Civil Defence policy, she says that Labour will work with schools, voluntary agencies and community groups...
    Labour | 02-09
  • Labour looks to long-life passports, gambling harm review
    A return to 10 year passports and a review of gambling laws are highlights of Labour’s Internal Affairs policy released today. “More than 15,000 New Zealanders signed a petition calling on the Government to revert to the 10 year system...
    Labour | 02-09
  • MANA Movement Leadership stands strong behind Internet MANA relationship
    “There is now, and always will be, a range of views about many issues within our movement and members are free to express them, but Georgina’s views on Kim Dotcom are not shared by the MANA Movement leadership or the vast majority...
    Mana | 01-09
  • Rebuilding the New Zealand Defence Force
    A Labour Government will make it a priority to rebuild the capacity of the Defence Force to carry out the tasks expected of it, says Labour’s Defence Spokesperson Phil Goff. Releasing Labour’s Defence Policy today he said the NZDF has...
    Labour | 01-09
  • The attempt to kill off Internet MANA
    It’s the last day of campaigning today and the long list of those attacking Internet MANA got longer yesterday with Winston Peters backing Labour candidate Kelvin Davis against the MANA Movement’s Hone Harawira. Davis is now supported by Labour, National,...
    The Daily Blog | 19-09
  • A final word on the election – it’s now all up to you
    Brothers & Sisters, the fate of Aotearoa is now all in your hands. We here at the Daily Blog have thrown everything we can at this bloody Government and have spent every waking hour of this campaign trying to highlight...
    The Daily Blog | 19-09
  • I can’t tell what is National Party advert and what is the NZ Herald – ...
    I can’t tell what is National Party advert and what is the NZ Herald – but then again, I never could...
    The Daily Blog | 19-09
  • TVNZ election coverage – white people telling other white people why Nati...
    TVNZ election coverage – white people telling other white people why National Party is great...
    The Daily Blog | 18-09
  • REVIEW: Royals of Kihikihi
    What an absolutely stunning show.  I had to ask twice to check I’d heard right that this is the first staged production for Samuel Christopher, who also played a raw, real, but vulnerable, Wolf Royal, home from London for his...
    The Daily Blog | 18-09
  • 800 Cops to detain 15 ‘terrorists’ – why Australia’s hysterical Isl...
    I’m sorry but I can’t take this current Australian terror threat seriously. 800 cops to detain 15 people and arrest one of them? A week after Abbot decides to send in Australian forces to the cluster fuck of Iraq, suddenly...
    The Daily Blog | 18-09
  • Unbelievable corruption inside Government to attack Kim Dotcom
    The corruption inside this Government just more and more filthy – we now have an ex-Customs Lawyer quitting  after being told to bury information that could embarrass the Government, specifically to do with Kim Dotcom… Curtis Gregorash said he was told...
    The Daily Blog | 18-09
  • Coalition for Better Broadcasting – Everyone Loves A Win-Win That Keeps G...
      Permit me to quote some figures at you… -68% of New Zealanders think political news on television focuses too much on politicians’ personalities and not enough on real issues. This is the key result of a recent UMR survey commissioned by...
    The Daily Blog | 18-09
  • Jeremy Wells’ Mike Hosking rant on Radio Hauraki: Today, another week of ...
    Jeremy Wells’ Mike Hosking rant on Radio Hauraki: Today, another week of being the most in demand broadcaster in the country...
    The Daily Blog | 18-09
  • EXCLUSIVE: Te Tai Tokerau independent poll (44% Hone-27% Kelvin) vs Maori T...
    The Te Tai Tokerau Maori TV poll on Monday this week painted a bleak picture for Internet MANA supporters, and it’s results have been seized upon by Labour, NZ First and even the Maori Party (who seem set once again...
    The Daily Blog | 18-09
  • The time for TPPA weasel words is over
    Almost every day of the election campaign there has been a policy announcement that would potentially run foul of what I understand is currently in the Trans-Pacific Partnership Agreement (TPPA):  more constraints on foreign investment or investors … regulation of...
    The Daily Blog | 18-09
  • MELTDOWN – Maori Party turns on their own Te Tai Tokerau candidate – ag...
    The tensions are building in Te Tai Tokerau with the Maori Party on the verge of meltdown. Days out from the election, the Maori Party Executive has tried to heavy their own Te Tai Tokerau Electoral Committee and their own candidate, Te Hira Paenga,...
    The Daily Blog | 18-09
  • We Can Change this Government
    We Can Change this Government – Mike Treen at the First Union stop work election meeting...
    The Daily Blog | 18-09
  • Election 2014: For and Against
    With the general election tomorrow, we have had a very noisy campaign but little sign that the electorate wishes for a fundamental change of governmental direction. This reflects in part the fact that the economic cycle is close to its decadal...
    The Daily Blog | 18-09
  • Eye To Eye Uploaded: Martyn ‘Bomber’ Bradbury
    This interview was filmed a couple of weeks ago between Willie Jackson and myself, I was a tad off with my prediction of NZ First....
    The Daily Blog | 18-09
  • The Donghua Liu Affair – The Players Revealed
      . . – Special investigation by Frank Macskasy & ‘Hercules‘ Speculation that the Beehive office of Immigration Minister, Michael Woodhouse, was behind the release of a letter linking Labour leader, David Cunliffe, with controversial Chinese businessman, Donghua Liu, is...
    The Daily Blog | 18-09
  • As if you needed another reason to boycott Telecom/Spark – they sold NZ d...
    It should read ‘never stop spying’. As if you needed another reason to boycott Telecom/Spark – they sold us down the river to the US by allowing the Southern Cross cable to be tapped… The ability for US intelligence agencies...
    The Daily Blog | 18-09
  • The NZ First-Labour Party attack strategy against Internet MANA better work
    The final days of the campaign are ticking down and Labour and NZ First are manoeuvring to kill off the Internet MANA Party by both backing Kelvin Davis for Te Tai Tokerau. It’s a risky gambit that they better pray to Christ...
    The Daily Blog | 18-09
  • Bill English’s latest insult to beneficiaries – apparently they are lik...
    National’s hatred towards the poor continues unabated as National desperately try to throw raw meat to their reactionary voter base in the hope to inspire enough hate and loathing to win back their redneck voters from the Conservative Party and from...
    The Daily Blog | 18-09
  • Eminem ain’t happy with John Key
    Eminem ain’t happy with John Key...
    The Daily Blog | 18-09
  • Key claims he did not inhale
    Key claims he did not inhale...
    The Daily Blog | 18-09
  • Final prediction on election result 2014
    What an election campaign. The character assassination of David Cunliffe kicked things off with the Herald on Sunday falsely claiming $100 00 bottles of wine, $15 000 books and $150 000 in donations  from a donor that turned out to be...
    The Daily Blog | 18-09
  • Live blog: Bainamarama takes commanding lead in Fiji elections
      Interview with Repúblika editor Ricardo Morris and Pacific Scoop’s Mads Anneberg. PACIFIC SCOOP TEAM By Ricardo Morris, Mads Anneberg, Alistar Kata and Biutoka Kacimaiwai in Suva WHILE the results are provisional at this stage, it is clear today that...
    The Daily Blog | 17-09
  • 5AA Australia: NZ Elections Two Days To Go! + Edward Snowden + Julian Assan...
    Recorded live on 18/09/14 – Captured Live on Ustream at http://www.ustream.tv/channel/multimedia-investments-ltd 5AA Australia’s Peter Godfrey and Selwyn Manning deliver their weekly bulletin: Across The Ditch. This week, they discuss the latest news as New Zealanders go to the polls on...
    The Daily Blog | 17-09
  • What has Colin Craig done for his Press Secretary to quit 2 days before ele...
    This is VERY strange.  Colin Craig’s Press Secretary Rachel McGregor, has quit 2 days before the election, allegedly telling ZB that Colin Craig was a “very manipulative man”. I’ve met Rachel many times in the past as Colin’s Press Secretary, she is...
    The Daily Blog | 17-09
  • “If you want steak, go to the supermarket and buy steak,” – A brief w...
    “If you want steak, go to the supermarket and buy steak,” said Key in the final leaders debate. Problem of course is that the 250 000 – 285 000 children living in poverty can not afford steak, milk, butter, eggs...
    The Daily Blog | 17-09
  • National’s final bash of beneficiaries before the election
    On cue, whenever National feel threatened, they roll out a little bennie bash just to keep their redneck voter base happy. Nothing like a bit of raw meat policy to keep National voters focused on the evil threat solo parents...
    The Daily Blog | 17-09
  • With All Of This In Mind, I Vote
    This is my last blog before the election and I really just want to speak from the heart. Right now in this country it seems to me that a lot of people consider the “essentials” in life to be simply...
    The Daily Blog | 17-09
  • Left has to vote strategically this election
    The dedication, loyalty, and tribalism of party politics means that sometimes the left lets itself down by not voting strategically. We all want our favoured party to get maximum votes, naturally, but the winner-takes-all approach doesn’t always suit multi-party left...
    The Daily Blog | 17-09
  • Dear NZ – as you enter the polling booth, stand up for your rights
    The last days before a NZ general election are a busy time as politicians make their pitch and party activists prepare to get out the vote. It is sort of weird watching from the distance of Europe the strangest election...
    The Daily Blog | 17-09
  • What is Waihopai, John, if it isn’t a facility for “mass surveillance...
    John Key assured us on RNZ’s Nine to Noon programme yesterday that “In terms of the Fives Eyes data bases… yes New Zealand will contribute some information but not mass wholesale surveillance.” How does this square with the operation of the...
    The Daily Blog | 17-09
  • GUEST BLOG: Catherine Delahunty – Mass Surveillance and the Banality of E...
    Renowned journalist and intellectual Hannah Arendt coined the phrase “the banality of evil” to describe the normalisation of genocide in Nazi Germany. I thought of her phrase when I was listening to Glenn Greenwald and other international whistle-blowers talking about...
    The Daily Blog | 17-09
  • Election. Down. To. The. Wire
    Funny how last week it was John Key winning by 50%, now it’s neck and neck. I have always believed this election would be down to the wire and it is proving so. The flawed landline opinion polls the mainstream...
    The Daily Blog | 17-09
  • 3rd Degree uses Whaleoil for story ideas as if Dirty Politics never happene...
    TV3s 3rd Degrees smear job on Kim Dotcom last night doesn’t bear much repeating. It was pretty pathetic journalism from a team who have brought us some great journalism in the past. It is sad to see 3rd Degree stooping...
    The Daily Blog | 17-09
  • Live blog: Bainimarama takes early lead in Fiji’s election
    Pacific Scoop’s Alistar Kata reports from yesterday’s voting. By Alistar Kata of Pacific Scoop in Suva Prime Minister Voreqe Bainimarama took an early lead in provisional results in the Fiji general election last night. With provisional results from 170 out...
    The Daily Blog | 17-09
  • Has The NSA Constructed The Perfect PPP?
    Former intelligence analyst and whistleblower, Edward Snowden – speaking live to those gathered at the Auckland Town Hall on Monday September 17, 2014. Investigation by Selwyn Manning. THE PRIME MINISTER JOHN KEY’s admission on Wednesday that whistleblower Edward Snowden “may...
    The Daily Blog | 17-09
  • No way – Key admits Snowden is right
    After claiming there was no middle ground. After claiming there was no mass surveillance. After calling Glenn Greenwald a henchman and a loser. After all the mainstream media pundits screamed at Kim’s decision to take his evidence to Parliamentary Privileges...
    The Daily Blog | 17-09
  • Bad luck National
    ...
    The Daily Blog | 16-09
  • The incredible changing John Key story on mass spying – why the Moment of...
    While the mainstream media continue to try and make the Moment of Truth about Kim’s last minute decision to prolong his battle against John Key past the election into the Privileges Committee, the reality is that the Moment of Truth...
    The Daily Blog | 16-09
  • GUEST BLOG: Curwen Rolinson – Themes of the Campaign
    There’s one area of a political campaign that just about everyone, at some point, falls afoul of. The campaign song. I’m not sure quite why it is, but it seems to be almost impossible for political parties to come up...
    The Daily Blog | 16-09
  • GUEST BLOG – Denis Tegg – The NSA slides that prove mass surveillance
    The evidence presented by Glenn Greenwald and Edward Snowden on The Intercept of mass surveillance of New Zealanders by the GCSB is undeniable, and can stand on its own. But when you place this fresh evidence in the context of...
    The Daily Blog | 16-09
  • Ukraine, United Kingdom, Ireland, Scotland
    The Ukrainian civil war discomforts me. It seems to me the most dangerous political crisis since the Cuban missile crisis of 1962. And it’s because of our unwillingness to examine the issues in a holistic way. We innately prefer to...
    The Daily Blog | 16-09
  • John Key’s love affair with a straw man – the relationship intensifies
    John Key’s love affair with the straw man is now a fully-committed relationship. It’s now the first love of his life. Sorry Bronagh. Yesterday I pointed to Key’s constant assurances that there is no mass surveillance of New Zealanders by...
    The Daily Blog | 16-09
  • A brief word on why Wendyl Nissen is a hero
    Wendyl Nissen is a hero. The sleazy black ops attack on her by Slater and Odgers on behalf of Grocery Council chief executive Katherine Rich is sick. All Nissen is doing in her column is point out the filth and...
    The Daily Blog | 16-09
  • She saw John Key on TV and decided to vote!
    . . NZ, Wellington, 15 September – ‘Tina’* is 50, a close friend,  and one of the “Missing Million” from the last election. In fact, ‘Tina’ has never voted in her life.  Not once. In ‘Tina’s’ own words, politics has...
    The Daily Blog | 16-09
  • Eminem sues National Party for unlawful use of ‘Lose yourself’ bhahahah...
    …ahahahahahahahaha. Oh Christ this is hilarious… National Party sued over Eminem copyright infringment US rapper Eminem is suing the National Party for allegedly breaching copyright by using his song Lose Yourself in its campaign advertisements. The Detroit-based publishers of Eminem’s...
    The Daily Blog | 16-09
  • Are the Greens about to be snookered by a Labour-NZ First Government?
    I wrote last week that it was smart politics that the Greens pointed out they could work with National, the soft blue vote that’s looking for a home in the wake of Dirty Politics isn’t going to Labour, so the...
    The Daily Blog | 16-09
  • BLOGWATCH: Fonterra join 2Degrees and boycott Whaleoil
    In the wake of Dirty Politics, advertisers are pulling their advertising out of Whaleoil. PaknSave, Evo Cycles Pukekohe, Localist, 2 Degrees, Fertility Associates, iSentia, NZ Breast Cancer Foundation, Maori TV, Bookme.co.nz, Dobetter.co.nz and the Sound are now joined by Fonterra...
    The Daily Blog | 16-09
  • PM Key accused of allowing secret ‘spook’ cable sensors to spy on citiz...
    Pulitzer prize-winning journalist Glenn Greenwald (left) and Kim Dotcom at the “moment of truth” political surveillance meeting in Auckland last night. Image: PMW By ANNA MAJAVU of Pacific Media Watch NEW ZEALAND Prime Minister John Key has been accused of...
    The Daily Blog | 15-09
  • Fiji pre-election ‘politics’ blackout stirs media protests, frustration
    BLACKOUT DAY – Monday, day one of the “silence window” in Fiji leading up to the close of polling in the general election at 6pm on Wednesday. And this is under the draconian threat of a $10,000 fine or five...
    The Daily Blog | 15-09
  • Daily Election Update #12: NZ First to hold balance of power
    Winston Peters’ NZ First Party will hold the balance of power after tomorrow’s election, according to the combined wisdom of the 8000+ registered traders on New Zealand’s predictions market, iPredict. Mr Peters is then expected to back a National-led...
    Scoop politics | 19-09
  • Election Day is Time to Refocus on Policies
    Over the course of this election campaign there has been a lot of focus on dirty politics and spying, and not a lot on policy. With election day looming, Gareth Morgan is calling for people to refocus on the issues....
    Scoop politics | 19-09
  • The Kiwi FM Alternative Election Commentary
    Saturday 20 September from 7pm on 102.2 Auckland, 102.1 Wellington, 102.5 Canterbury, or KiwiFM.co.nz...
    Scoop politics | 19-09
  • Beneficiary Bashing unacceptable
    Kay Brereton of the Beneficiary Advocacy Federation of New Zealand says “ the comment made by Bill English yesterday comparing beneficiaries to crack addicts is shocking and incredibly poorly timed.”...
    Scoop politics | 19-09
  • UN Experience Beneficial
    Acclaim Otago representatives have just completed their participation at the UN Convention on the Rights of Persons with Disability examination of the New Zealand government in Geneva, Switzerland. "It was an interesting two days which we believe has...
    Scoop politics | 19-09
  • Changing face of NZ should be reflected in newsrooms
    With Fairfax Media’s Journalism Intern search closing on Sunday, Race Relations Commissioner Dame Susan Devoy is urging aspiring journalists from Maori, Pacific and ethnic communities to apply. The deadline was recently extended to 10pm, Sunday...
    Scoop politics | 19-09
  • SPCA expresses concern over toxin in waterways
    Ric Odom CEO of Royal NZ SPCA has expressed concern over the toxic poison 1080 entering waterways, but DoC, Council’s and Ministry of Health have colluded to make it legal....
    Scoop politics | 19-09
  • NZ 2014 Election Index – 13-18 September
    Below is iSentia’s final weekly Election Index, covering the period 13-18 September and showing the relative amount of coverage of nine Party Leaders in the lead up to the National Election across news media and social media. The methodology used...
    Scoop politics | 19-09
  • Epsom Candidate (Adam Holland) More Liberal Than ACT
    For the past four years I, like 500,000 other New Zealanders, have been illegally smoking cannabis for medicinal purposes and/or even just for the occasional laugh with friends on the weekend. We don't hurt anybody, we don't cause nuisance, we...
    Scoop politics | 19-09
  • Left Coalition Will Save Dolphins
    A left coalition would safeguard both Māui and Hector’s dolphins, as well as revive our inshore ecosystems. Labour, Internet Mana and the Green Party all have strong policies in place for dolphin protection. The Maori Party, and to a certain...
    Scoop politics | 19-09
  • Waihoroi Shortland: Ngāti Hine is not standing alone
    The Chairman of Te Rūnanga a Iwi o Ngāpuhi, Sonny Tau is blowing smoke worthy of a Dotcom rally with claims that Ngati Hine is standing alone in its opposition to Tūhoronuku says the Chairman of Te Rūnanga o Ngati...
    Scoop politics | 19-09
  • Oceania voices on environment loud and strong
    While money and energy continues to be spent on global talks about climate change, Pacific islanders are scrambling to build sea walls out of sticks, stones, shells and coral, to protect their lands and homes from erosion and rising sea...
    Scoop politics | 19-09
  • Prime Time with Sean Plunket – Tonight
    No MPs tonight --- the campaign will be over at 9 30. Instead we will look back --- and possibly forward on what we have learned and what might happen. Listener Political Columnist Jane Clifton Editor in Chief, NZ Herald,...
    Scoop politics | 19-09
  • Election fails to address youth financial wellbeing
    Young people don’t feel included in New Zealand’s financial success and believe inequality is a problem, according to a new survey conducted by Westpac’s Fin-Ed Centre at Massey University....
    Scoop politics | 19-09
  • Winston’s Waffle doesn’t hide the facts
    The Conservative Party is celebrating the ASA's finding announced today that rejected all but one of the complaints raised against its controversial “Conservatives or Peters” pamphlet. “Despite pages of complaints from Peters legal team the only...
    Scoop politics | 19-09
  • NZ Independent Coalition looking forward to tomorrow
    “Our team is looking forward to tomorrow. It is a real opportunity to reclaim politics for the people,” said NZ Independent Coalition leader Brendan Horan....
    Scoop politics | 19-09
  • Insights Issue 35/2014 – 19 September 2014
    Insights Issue 35/2014 - 19 September 2014 In This Issue • RMA reform the golden unicorn of policy | Jenesa Jeram...
    Scoop politics | 19-09
  • Special voting arrangements made for NIWA crew
    One of the most unusual polling stations for this year’s general election is in the middle of the ocean miles from land. NIWA’s flagship research vessel Tangaroa, has been doubling as a polling booth for crew and scientists at sea....
    Scoop politics | 18-09
  • Tourism operators urged to vote strategically
    Tourism operators should make sure they know their local candidates’ view on tourism and use their vote to support the country’s second largest export industry, says Chris Roberts, Chief Executive, Tourism Industry Association New Zealand (TIA)....
    Scoop politics | 18-09
  • WGTN: March for free education
    We are students, university staff, and members of the community. Whichever parties form a government after September 20th, we are demanding an end to corporatisation of education....
    Scoop politics | 18-09
  • Evidence of Corruption a National Scandal
    Internet Party leader Laila Harré will take evidence of corruption to international forums if there is not a full Royal Commission to investigate the growing evidence of the systematic use and abuse of democratic institutions and processes for political...
    Scoop politics | 18-09
  • Govt continues to throw money at charter school experiment
    Official documents reveal the three primary sector charter schools approved last week will cost $2 million to set up as well as divert another $1.5 million of potential taxpayer investment from local state schools next year....
    Scoop politics | 18-09
  • ACT Final Election Rally
    Elections campaigns are an opportunity for political parties to put candidates and policy to enable voters to choose what sort of New Zealand we want. In this campaign there have been three tests by which you can assess the electoral...
    Scoop politics | 18-09
  • Taxpayers on Hook Again for Solid Energy
    Responding to the Fairfax article that taxpayers are extending another $103 million to keep Solid Energy afloat, Taxpayers’ Union Executive Director Jordan Williams says:...
    Scoop politics | 18-09
  • Invermay Petition Tops 10,000 Signatures
    People across New Zealand continue to express their disgust at the downgrading of Invermay, says Dunedin North MP David Clark, as the Save Invermay petition he instigated earlier this year topped the 10,000 signature mark just days before the 2014...
    Scoop politics | 18-09
  • McVicar vows to continue fight for police
    Garth McVicar stated at a public meeting last week that he would fight to retain a 24/7 Police Station in Napier and no reduction in the number of police staff for the Hawkes Bay region, some said he was simply...
    Scoop politics | 18-09
  • Party Vote Our Weapon in Fight Against Government Corruption
    Internet MANA urges New Zealanders to use their party vote to confront corruption in any new government....
    Scoop politics | 18-09
  • Election day is tomorrow – make sure you’re a part of it!
    Tomorrow, Saturday 20 September, is election day, and New Zealanders’ last chance to have a say on who leads the country for the next three years....
    Scoop politics | 18-09
  • Is the Shape of our Government out of the hands of Voters?
    In the last stuff.co.nz / Ipsos Political Poll before Saturdays election, National is down 5.1% to 47.7% and Labour up 3.7% to 26.15%. These results are remarkably similar to the 2011 election where National received 47.3% of the vote and...
    Scoop politics | 18-09
  • Spirit of Suffrage a Call to Action for All Kiwi Women
    Internet MANA is drawing on the courage and integrity of New Zealand women on Suffrage Day – Friday, September, 19 – to encourage them to pay tribute to the spirit of their foremothers who gained women the vote....
    Scoop politics | 18-09
  • Live Election Night Coverage on TV And Online
    Māori Television’s KOWHIRI 2014 – ELECTION SPECIAL kicks off at 7.00pm this Saturday with a five-hour broadcast focusing on the Māori electorates....
    Scoop politics | 18-09
  • Judge’s Decision Disappoints Fish & Game
    Today’s decision to give a Temuka man 100 hours of community service for selling sports fish to the public has disappointed Fish & Game, which believes the sentence handed down was “too lenient and will not go far enough to...
    Scoop politics | 18-09
  • Cutting-Edge Graphics Fire up TV3’s Election Night Coverage
    TV3’s Election Night coverage, hosted by John Campbell, will be enhanced by cutting-edge graphics that will showcase the night’s results....
    Scoop politics | 18-09
  • Govt rushes to open charter schools in New Year
    The government’s decision to approve four new charter schools last week to open in January next year goes against the Minister of Education’s own advice that the schools ought to have at least a year’s preparation time....
    Scoop politics | 18-09
  • 7 Days And Jono And Ben at Ten Hijack Election Weekend
    The 7 Days and Jono and Ben at Ten (JABAT) comedians are running their own version of election coverage, with a schedule of entertainment and comedy across TV3, Kiwi FM, the web and social media this Friday and Saturday under...
    Scoop politics | 18-09
  • Fewer Prisoners Equals Less Crime
    In its latest blog, ‘Abolishing Parole and other Crazy Stuff’,’ at http://blog.rethinking.org.nz/2014/09/krill-and-womble-independent-policy.html , Rethinking Crime and Punishment urges government to rethink its approach to releasing prisoners. “The public expectation is that the excellent reductions in the crime...
    Scoop politics | 18-09
  • McVicar slams his political opponents
    I want a safe and prosperous society and that can only be achieved if we have strong and vi-brant families – McVicar...
    Scoop politics | 18-09
  • Falling economic growth – wage rises overdue
    “The lower GDP growth in the three months to June is further evidence that growth has peaked. New Zealand’s economy is on the way down to mediocre growth rates,” says CTU economist Bill Rosenberg. “Yet wage rises are still weak...
    Scoop politics | 18-09
  • Get Out and Vote campaign a success
    Tens of thousands of workers from all around New Zealand have embraced the Get Out and Vote campaign and have created their own personalised voting plan, the CTU said today. “With three days of voting left in the 2014 General...
    Scoop politics | 18-09
  • Animal Research Failing – So Do More Animal Research?
    Victoria University of Wellington is about to host a lecture on why the success rates of pharmaceutical development is so low and what can be done about it. The New Zealand Anti-Vivisection Society (NZAVS) welcomes discussion on this important...
    Scoop politics | 18-09
  • ALCP welcomes Prime Minister’s cannabis comments
    Mr Abbott's comments came on the same day as New South Wales and Victoria states announced they would be doing clinical trials of cannabis....
    Scoop politics | 18-09
  • Conservative Party Press Secretary Resignation
    The Conservative Party is given to understand that this morning Press Secretary, Miss Rachel Macgregor resigned althought no formal advice of this has yet been received....
    Scoop politics | 18-09
  • By ACT’s logic, Epsom should vote for Conservative Candidate
    “Polling released late in the campaign shows that ACT is a busted flush and that by ACT’s own logic, centre-right Epsom voters should vote for the Conservative candidate”, says Labour candidate for Epsom Michael Wood....
    Scoop politics | 17-09
  • New online medical system
    Immigration New Zealand (INZ) is seeking registrations of interest for a new onshore panel physician network to support an online immigration health processing system....
    Scoop politics | 17-09
  • Students, You Have a Choice, Vote!
    The New Zealand Union of Students’ Associations (NZUSA) is imploring students to ensure they make their voices heard this election, and join the many thousands who have already heeded the call....
    Scoop politics | 17-09
  • Party vote ACT for three years of stability.
    Voters who are concerned that on the latest polls we may be heading for three years of instability have it in their hands to deliver a decisive result....
    Scoop politics | 17-09
  • Women’s Suffrage Movement – Get Out and Vote!
    Tomorrow, Friday 19th September, MANA Movement Candidate for Waiariki, Annette Sykes, will cast her vote at 12 noon at the Zen’s Building, Rotorua. This will follow a march through Rotorua that will assemble at 10am at City Focus, Rotorua. The...
    Scoop politics | 17-09
  • iPredict Daily Update
    David Cunliffe and Labour have made gains over the last 24 hours, according to the combined wisdom of the 8000+ registered traders on New Zealand’s predictions market, iPredict, but John Key’s National is still strongly expected to lead the next...
    Scoop politics | 17-09
  • Conservative’s Proposal to Abolish Parole Fatally Flawed
    The Conservative Party’s proposal to abolish parole doesn't stack up, however which way you look at it, concludes Kim Workman in Rethinking Crime and Punishment latest blog, ‘Abolishing Parole and Other Crazy Stuff’ at http://blog.rethinking.org.nz/2014/09/krill-and-womble-independent-policy.html...
    Scoop politics | 17-09
  • Special Edition : The letter 18 September 2014
    Dr Jamie Whyte has been giving thoughtful speeches largely unreported. So we thought we would put out an edited version on the speech he gave yesterday. The full speech is on the website....
    Scoop politics | 17-09
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