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The wheels are falling off

Written By: - Date published: 8:32 am, May 28th, 2013 - 59 comments
Categories: energy, national, Privatisation - Tags: , ,

Interesting news yesterday:

Mighty River’s ‘mum and dad’ investors included companies

The 113,000 so called “mum and dad” investors who bought Mighty River shares earlier this month included companies, trusts and investment institutions, Treasury has confirmed. …

Treasury also confirmed that all investors who bought shares in the General Offer including trusts, companies and investment institutions were eligible for the loyalty bonus share scheme.

So “Mum & Dad” turn out to be Freddie Mac and Fannie Mae – what a twist. And another hole shot in the Nats’ rationalisations about privatisation. In fact, the wheels are rapidly falling off the whole endeavour.

The uptake of Mighty River Power shares was much less than expected.

Mighty River Power shares were down to $2.36 last night, 14c down from the offer price of $2.50, and falling.

In this context you’d be a mug to invest in the Meridian sell off. The Nats (who know there’s decent odds that they won’t be in power after the next election) have tried to do too much too soon. Treasury advised against it, but the Nats ignored them. But by now even The Herald can see the folly, and National has had to bow to the inevitable:

Meridian could be sold in chunks – Key

The Government has hinted at selling 49 percent of Meridian Energy in two or three separate parts, in a bid to keep New Zealand ownership at 85 percent.

The Greens spell it out:

Govt admits asset sales program in deep trouble

National has admitted that its asset sales programme is a failure with its decision to consider selling Meridian Energy in blocks, Green Party Co-leader Dr Russel Norman said today.

Media reports suggest Meridian’s 49% shareholding may be sold down in blocks by the National Government.

“As shares in Mighty River Power hit a new low, the Key Government knows it cannot sell 49% of Meridian Energy in one hit in the current climate,” Dr Norman said today

“Unfortunately, rather than biting the bullet and calling a complete halt to its asset sales program it is pushing ahead with a foolish plan to sell Meridian Energy in chunks.

“The Mighty River Power sale was a mighty flop and the Key Government knows that pushing ahead with another sale will result in even fewer shares going to ‘mum and dad investors’.

“Despite spending millions on advertising the truth is that 98 percent of New Zealanders bought no shares in Mighty River Power at all. …

“It is time for the Key Government to listen to the concerns of commentators, the business community and ordinary New Zealanders and cancel its economically disastrous asset sales program.”

What a mess.

59 comments on “The wheels are falling off”

  1. One Anonymous Knucklehead 1

    You see, Righties? The opposition to your fantasies isn’t based on ideology – it’s based on the fact that you’re so miserably incompetent.

    • infused 1.1

      Keep frothing.

      • One Anonymous Knucklehead 1.1.1

        Keep failing.

        • Colonial Viper 1.1.1.1

          Stock price free falling

          • The Gormless Fool formerly known as Oleolebiscuitbarrell 1.1.1.1.1

            Stock price free falling

            Looks like the government got out just in time. Maybe we should quickly sell the rest.

            • Colonial Viper 1.1.1.1.1.1

              If the government is only interested in liquidating the country and packing up the proceeds to live in a Caribbean tax haven, they should.

              But I think Government should show some long term commitment to the country instead of cashing out, treating NZ like a casino, and making off like bandits.

              • ghostrider888

                “little by little by little by little by little
                losing all their pride
                It’s getting really bad…”

            • Draco T Bastard 1.1.1.1.1.2

              http://www.youtube.com/watch?v=1lWJXDG2i0A

              Which is really what you seem to think the government should do.

  2. paul andersen 2

    miserably incompetent, yes that about covers it. english will go down as one of the worst most damaging finance ministers we have ever had the misfortune to be saddled with. the amount of debt that the next couple of governments are going to be left with is huge,and growing. the shonky accounting that he has been getting away with would see him prosecuted in the real world.

    • Lanthanide 2.1

      With the irony being that they got into government by saying Labour had driven up a huge pile of debt that they were now saddled with, when actually they’re going to be leaving the next government with an even bigger pile themselves and it was only Labour’s good management of the economy (and repeated rebuffs to tax cuts) that let us weather the GFC as well as we did.

      Also S&P putting multiple banks, including Kiwibank, onto negative watch the day after the budget was a pretty stinging indictment that the government wasn’t doing enough, after the budgets of 2009-2011 were specifically focused around keeping S&P et all on-side.

    • David H 2.2

      Tis a pity they cant call in the SFO to look over the books and prosecute the thieving shits.

  3. Winston Smith 3

    “The wheels are falling off”

    You mean the announcement of lower unemployment, net immigration gain, business confidence up and a raise in the polls for National mean the wheels are falling off…

    Did you mean the wheels are falling off for the Greens?

    • Lanthanide 3.1

      No, the wheels are falling off the asset sales programme.

      Really, learn to reading comprehension, eh? Didn’t you go to primary school?

  4. SomeSuch 4

    I’m watching this strategy with interest. It may be that swing voting Kiwis find the cynicism of the NZ power announcement and subsequent positioning by the Greens as more distasteful than the M.O.M programme. After all, anti-M.O.M sentiment has not yet been enough to significantly impact broader National support. Norman may prefer ‘underarm bowling’; Kiwis, as a rule, don’t.

    • toad 4.1

      The only poll so far on NZ Power (commissioned by the Greens) shows greater support than opposition.

      By contrast, every poll that has been done on National’s policy of partial privatisation of state assets shows greater opposition than support.

    • Chrissy 4.2

      Some Such
      What did national do when Labour announced it,s housing policy.Immediately came out with a pathetic little one of it’s own.And they weren’t doing it for the good of the country.It was deliberate targeting of Labour’s policy.Isn’t that the same thing and why is it alright for nats to do it?

    • Murray Olsen 4.3

      Kiwis prefer to play 16 against 15 to win the Rubber Wool Cup. I’d take Norman’s sense of fairness over Key’s any day.

      The truth is that there are fair and unfair people in both countries. The ones who will do anything and tell any lie to win are usually found in the National and Liberal Parties, with some exceptions. Key made his fortune in an area where less than transparent behaviour is expected and rewarded. Another good example is Bennett – use Social Welfare and a free(ish) education system to get ahead, then shit on anyone else who dares to try the same thing. Underarm bowling looks clean by comparison, yet your type of Kiwi admires her for it. Yuck.

    • Clockie 4.4

      You did see and comprehend the bit in the latest tv3 poll which pointed out that 29% of National supporters approved of NZ Power, didn’t you??

  5. infused 5

    It’s been what, 3-4 weeks? If you were after short term gains, your retarded.

    • Zorr 5.1

      Sorry… can’t let this go…

      It’s “you’re”

      If you are going to insult the intelligence of others, it is best to at least get your spelling right

    • Clockie 5.2

      “your retarded.”

      Honestly, did you always miss those lessons where the creation of contractions by use of the apostrophe was explained? Or is this just a hallmark of the intellectual laziness you display in so many other ways?

      Zorr: Snap. 🙂

    • Colonial Viper 5.3

      Actually if you bought at the offer price you were retarded. Best to wait for the price collapse after launch, like right now.

      Same with Meridian. Anyone who buys Meridian at the initial offer price is going to get ripped off. They’ll be able to buy it 20c cheaper after it hits the market skids.

      • infused 5.3.1

        Nope, first day of trading is generally the best day. If I had bought, I would have sold towards the end of the first day. Same thing happens with most ‘darling’ floats.

        That won’t happen with Meridian though.

        Should mine some more bitcoins.

        • Colonial Viper 5.3.1.1

          Nope, first day of trading is generally the best day.

          I don’t know why you are disagreeing with me. After the first week hype you can pick up the shares cheaper now than at the offer price.

          • infused 5.3.1.1.1

            I’m disagreeing about buying it at the first price. You would have made quick, instant cash. While you will make cash now, it will take sometime.

            • One Anonymous Knucklehead 5.3.1.1.1.1

              And the short sellers have made a fast buck in between.

              • Colonial Viper

                above, infused said that if you are after short term gains with these shares you are “retarded”. Yet right here, he is advocating for people to buy up front so that they can make a tiny short term gain on the first day.

                Isn’t that retarded?

  6. scotty 6

    Somesuch says
    ‘I’m watching this strategy with interest.’

    Yeah watching the Greens exposing Nationals BS to a little sunlight , has been interesting

  7. prism 7

    What? Isn’t it that the NACTs have not tried to do enough and now it’s so late they are panicking and just trying to be better than the low ambitions of Richard Prebble ‘I would have been willing to give Kiwi Rail away’.

  8. http://www.extremetech.com/extreme/156393-cold-fusion-reactor-independently-verified-has-10000-times-the-energy-density-of-gas

    Against all probability, a device that purports to use cold fusion to generate vast amounts of power has been verified by a panel of independent scientists. The research paper, which hasn’t yet undergone peer review, seems to confirm both the existence of cold fusion, and its potency: The cold fusion device being tested has roughly 10,000 times the energy density and 1,000 times the power density of gasoline. Even allowing for a massively conservative margin of error, the scientists say that the cold fusion device they tested is 10 times more powerful than gasoline — which is currently the best fuel readily available to mankind.

    • One Anonymous Knucklehead 8.1

      Sigh. Andrea Rossi?

      2. Does this source often make similar claims?
      Pseudoscientists have a habit of going well beyond the facts. Flood geologists (creationists who believe that Noah’s flood can account for many of the earth’s geologic formations) consistently make outrageous claims that bear no relation to geological science. Of course, some great thinkers do frequently go beyond the data in their creative speculations. Thomas Gold of Cornell University is notorious for his radical ideas, but he has been right often enough that other scientists listen to what he has to say. Gold proposes, for example, that oil is not a fossil fuel at all but the by-product of a deep, hot biosphere (microorganisms living at unexpected depths within the crust). Hardly any earth scientists with whom I have spoken think Gold is right, yet they do not consider him a crank. Watch out for a pattern of fringe thinking that consistently ignores or distorts data.

      The Baloney Detection Kit.

      • McFlock 8.1.1

        To be fair, at least they are finally doing independent tests on it, and those will be peer-reviewed.

        It could always be the sort thing where a shameless self-promoter actually has something useful.

        But it’s a bit like winning Bonus Bonds – nice if it happens, even life-changing, but it would be foolish to rely on it as part of your financial planning.

        Nice to dream of sky-surfing, though 🙂

    • Colonial Viper 8.2

      I would be very very very surprised if a 10MWe reactor came out of this in the next 20 years.

      • Murray Olsen 8.2.1

        I’d be surprised if anything ever came out of Rossi’s stuff. He’s a conman.

  9. Lionel 9

    knuckleheads they are incompetant

  10. Lionel 10

    correction the tories are incompetant not knucklehead (sorry)

  11. ianmac 11

    A very small percentage of the population are shareholders in MRP. So to whom is the Government rhetoric/spin directed? Constant self-backslapping from Mr Key must be directed at some one. Maybe the message to the other 97% is one of, “look how competent we are. Trust us.” Really?

    • RJL 11.1

      National’s rhetoric is directed to the substantial proportion (but not majority) of the country that desparately wants to be, and / or thinks they are entitled to be, the top 3%.

      That is, it is directed to the deluded fools that vote for National. Who in their desparate need to make the top 3% reveal (amongst other failings) a shakey grasp of statistics.

      • ghostrider888 11.1.1

        and demographics, the old, white fools. (ever seen footage of a National Party conference?)

  12. Roy 12

    Wheels falling off a flagship is something of a mixed metaphor. Perhaps that should be the sail are falling off, or the masts are falling off?

    • Arandar 12.1

      Nah. The keel’s falling off the flagship. With any luck the passengers will mutiny in time to toss the captain and his officers into a rowboat and save the ship of state before these fools sink it.

  13. xtasy 13

    The wobble resulting from too much from the bottle is causing too much wobbling shonkeyness, now carried over onto a vehicle called ‘SOE Partial Sales Project’. The wheels were wobbly from the start, and the whole carriage wash shonky in structure throughout.

    Wobbly, wobbly whoop dee doo, and the wheels come off, yippee dee doo.

    Have another one from the bottle, and the brighter future shines on, that is as long as the drop may last and has the effect.

    Don’t worry about tomorrow, as “Betty Ford’s establisment” will fix me, so I can retire in serenity and peace, off-shore, in sunny Hawaii.

    • kiwicommie 13.1

      off-shore, in sunny Hawaii

      John Key couldn’t do worse the current US ambassador (Mike Moore – or whatever his name is) that has done nothing to promote tourism, and offers $20-50 barbeques; where you have to bring your own food. 😉

  14. mikesh 14

    I think that the fall in MRP’s price is due to a world wide drop in stock prices generally. CNU and TEL have also taken hits. Share investors have appently been spooked by a recent drop in the Nikei.

    • ghostrider888 14.1

      When China sneezes…

    • Colonial Viper 14.2

      Actually the fall in MRP share price is due to the Government’s bas judgement in exposing core NZ economic assets to the volatility of world ponzi scheme financial markets, and their ridiculous and misguided insistence that NZers should “invest” their hard earned savings in a failing roller coaster stock market.

  15. Wisdumb 15

    From public information on the NZX website, readers will be interested to know that directors of MRP have been buying shares at below listing price in the last few days as follows:

    James Miller has bought 6,000 shares at $2.47 average between 24 and 28 May;
    Trevor Janes through his beneficial holding in Selenium Corporation Ltd has bought 41,600 shares at $2.363 each.

    Do they know something we don’t know?

    • kiwicommie 15.1

      That insider trading is a tradition amongst current government and ex government members, and top level public servants? Same shit happened in the 1980s-1990s in NZ, or in the 1990s in Russia under Yeltsin.

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    As we saw in the recent legal ruling against Peabody coal, arguments and myths that are based in denial of the reality of human-caused global warming rarely withstand scientific scrutiny. In a new study published in Global Environmental Change, a team led by Stephen Lewandowsky… ...
    2 days ago
  • Palmerston North librarians gather to support UCOL colleagues
    At 5pm today at the UCOL Library, representatives of library staff from the City Library, Massey, Te Wānanga o Aotearoa, and local schools will meet in a show of support for UCOL Library staff whose jobs are threatened. “We all… ...
    2 days ago
  • Accountability for Iraq?
    Six years after it was established, the Chilcot Inquiry into the UK's involvement in the Iraq war is finally about to report back. And from the sound of it, its going to pin the blame squarely where it belongs: on… ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • Accountability for Iraq?
    Six years after it was established, the Chilcot Inquiry into the UK's involvement in the Iraq war is finally about to report back. And from the sound of it, its going to pin the blame squarely where it belongs: on… ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • Not Quite But Getting There
    It seems that Labour might have finally gotten the memo about getting it’s A into G but perhaps not quite digested the content. Still it’s a start. The last month has seen a steady stream of both Labour and Little… ...
    2 days ago
  • Climate change: The latest inventory
    The annual inventory report [PDF] of our greenhouse gas emissions was released on Friday. The headline data: emissions are still increasing: There's been another "recalculation" in the last 12 months, making year-to-year comparisons difficult. Naurally, this seems to have shifted… ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • Climate change: The latest inventory
    The annual inventory report [PDF] of our greenhouse gas emissions was released on Friday. The headline data: emissions are still increasing: There's been another "recalculation" in the last 12 months, making year-to-year comparisons difficult. Naurally, this seems to have shifted… ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • Australia lets kiwi detainees literally rot
    What are our "closest friends" Australia doing to kiwis awaiting deportation? Letting them literally rot away in prison due to substandard medical care:A New Zealander held at an Australian immigration detention centre will find out today if his leg has… ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • Australia lets kiwi detainees literally rot
    What are our "closest friends" Australia doing to kiwis awaiting deportation? Letting them literally rot away in prison due to substandard medical care:A New Zealander held at an Australian immigration detention centre will find out today if his leg has… ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • CRL already impacting land use on city fringe
    The City Rail Link will be one of the most transformational projects Auckland has ever seen. Perhaps nowhere else will see experience that transformation more than the inner west of the isthmus which effectively gets picked up and moved much closer to… ...
    2 days ago
  • CRL already impacting land use on city fringe
    The City Rail Link will be one of the most transformational projects Auckland has ever seen. Perhaps nowhere else will see experience that transformation more than the inner west of the isthmus which effectively gets picked up and moved much closer to… ...
    2 days ago
  • National should give us our $13,000 back
    We all know that National works for the rich and screw over ordinary New Zealanders to funnel wealth upwards into the pockets of its rich mates. But how bad have they been? $13,000 bad:Yesterday, Mr Little said that since National… ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • National should give us our $13,000 back
    We all know that National works for the rich and screw over ordinary New Zealanders to funnel wealth upwards into the pockets of its rich mates. But how bad have they been? $13,000 bad:Yesterday, Mr Little said that since National… ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • Access: The Universal Basic Income and its implications for citizenship
    The suggestion about a possible Universal Basic Income (UBI) was only one of numerous suggestions to come out of Labour’s Future of Work initiative. This a wide-ranging policy discussion that the Party’s economic development spokesman, Wellington Central MP Grant Robertson,… ...
    2 days ago
  • Access: The Universal Basic Income and its implications for citizenship
    The suggestion about a possible Universal Basic Income (UBI) was only one of numerous suggestions to come out of Labour’s Future of Work initiative. This a wide-ranging policy discussion that the Party’s economic development spokesman, Wellington Central MP Grant Robertson,… ...
    2 days ago
  • Review: The Block Party
    Did New Zealand’s 'premier urban music' event live up to the hype?   Photo: Nicole Semitara Hunt ‘Old school’ was the name of the game on Friday night at The Block Party, where several thousand converged on ASB… ...
    2 days ago
  • Hard News: The media awards are dead – long live the media awards!
    Friday's Canon Media Awards was the most interesting instance of the long-running national ceremony in a long time, maybe ever. There were notable insurgencies – The SpinOff took two awards from 11 first-time nominations, Radio NZ's The Wireless won Website… ...
    2 days ago
  • Hard News: The media awards are dead – long live the media awards!
    Friday's Canon Media Awards was the most interesting instance of the long-running national ceremony in a long time, maybe ever. There were notable insurgencies – The SpinOff took two awards from 11 first-time nominations, Radio NZ's The Wireless won Website… ...
    2 days ago
  • New research confirms water fluoridation does not cause bone cancers
    The most common type of bone cancer is Osteosarcoma. Image credit:  Osteosarcoma This time for Texas. A new study confirms what other researchers have found elsewhere. It is reported in this recent paper: Archer, N. P., Napier, T. S., & Villanacci, J. F. (2016).… ...
    2 days ago
  • Redline on the Labour Party
    No-one on the anti-capitalist left in this country today puts forward a case that Labour is on the side of the working class.  There are certainly people who call themselves ‘socialist’ who do, but they are essentially liberals with vested… ...
    RedlineBy Admin
    2 days ago
  • Selfie-takers think they’re the greatest
    Science says otherwise.  “People often perceive themselves as more attractive and likable than others [perceive them to be].” This is the cutting conclusion from a new study that has found you're probably not as great as you think you… ...
    2 days ago
  • UCOL cutting the staff who lifted student results
    UCOL needs to halt its proposed cuts to student support services now that it knows those services are improving student outcomes. On Friday, in an email to all staff, UCOL released its provisional 2015 Educational Performance Indicator (EPI) results which… ...
    2 days ago
  • Another Road Only Harbour Crossing on the Cards?
    The absence of rail as well as walking and cycling options to the North Shore has been considered an oversight by many probably ever since the Harbour Bridge was first approved for construction over 60 years ago. While Skypath will… ...
    2 days ago
  • Leaked UK Briefing Shows NZ-EU Trade Deal is a Sham
    Press Release – New Zealand First Party Rt Hon Winston Peters New Zealand First Leader Member of Parliament for Northland 23 MAY 2016 Leaked UK Briefing Shows NZ-EU Trade Deal is a Sham The Prime Ministers EU trade deal… ...
    Its our futureBy ScoopBlogPush
    2 days ago
  • Gordon Campbell on bank scandals and air crashes
    Libor. It stands for the London Interbank Offered rate. Back in 2012, Libor became synonymous with a scandal involving the dodgy manipulation of how interest rates were fixed – during the years before and after the Global Financial Crisis –… ...
    2 days ago

  • Key’s “brain fart” on tax cuts news to English
    John Key didn’t tell his own Finance Minister he was about to go on radio and announce he wanted $3b of tax cuts, just days after Bill English ruled them out, says Labour’s Finance spokesperson Grant Robertson. “In Parliament today… ...
    16 hours ago
  • What I’m looking for in Budget 2016 – A better start for our tamariki
    Ensuring the best start for our tamariki is a priority for me in everything I do. And so in Budget 2016, my first budget as an MP, I looking for the Government to make a real investment in the wellbeing… ...
    GreensBy Marama Davidson
    17 hours ago
  • What I’m looking for in Budget 2016 – A better start for our tamariki
    Ensuring the best start for our tamariki is a priority for me in everything I do. And so in Budget 2016, my first budget as an MP, I looking for the Government to make a real investment in the wellbeing… ...
    GreensBy Marama Davidson
    17 hours ago
  • Denise Roche: What I’m looking for in Budget 2016 Pt II
    Aotearoa’s new New Zealanders,  come to our country in vulnerable position: – often away from the culture, communities and families they know, sometimes in neighbourhoods without familiar faces and often encountering barriers to employment. With net migration at 50,000+ a… ...
    GreensBy Denise Roche
    21 hours ago
  • Equal Pay and Budget 2016
    The last few years we’ve seen equal pay for women flagged as an undefined risk in the budget. This year we should expect to see this, as well as budgeted money to deliver equal pay to caregivers and funding for,… ...
    GreensBy Jan Logie
    22 hours ago
  • Equal Pay and Budget 2016
    The last few years we’ve seen equal pay for women flagged as an undefined risk in the budget. This year we should expect to see this, as well as budgeted money to deliver equal pay to caregivers and funding for,… ...
    GreensBy Jan Logie
    22 hours ago
  • A great Budget would
    A great Budget would embrace the challenge of our polluted rivers and move the money away from justifying the status quo water rules into cleaning up waterways. A great Budget would take the Ministry for the Environment freshwater budget and… ...
    GreensBy Catherine Delahunty
    23 hours ago
  • Budget building materials policy backfires
    On the eve of this year’s Budget official figures show Nick Smith’s Budget 2014 centrepiece to reduce the cost of building materials has backfired, says Labour’s Housing spokesperson Phil Twyford. “Ministry of Business, Innovation and Employment officials have spent the… ...
    23 hours ago
  • Smarter, Better, Cleaner, Stronger
    This Thursday Bill English will deliver his eighth Budget. Will it continue the trend of previous National budgets, making tertiary education less affordable, putting only token funds into innovation, and subsidising polluters? Budgets aren’t what they used to be. Once… ...
    GreensBy Gareth Hughes
    23 hours ago
  • Govt must come clean on tax cuts in Budget
    National is making a mockery of the Budget process by dangling the promise of tax cuts but failing to include them in the Budget, says Labour’s Finance spokesperson Grant Robertson. “National’s tax cut promises have turned into a farce. One… ...
    2 days ago
  • Grant Robertson Pre-Budget Speech
    Today I want to talk about success. As we know success can come in many different forms, from the fact you all made it here at such an early hour on a Monday, for which I am very grateful, to… ...
    2 days ago
  • Budget must deliver for middle New Zealand
    The Government must ensure next week’s Budget stops the squeeze on middle New Zealand and delivers shared prosperity for all New Zealanders, Leader of the Opposition Andrew Little says. The call follows new research commissioned by Labour that shows working… ...
    3 days ago
  • Our housing emergency – why we have to act
    Marama and Metiria at Homes Not Cars launch On Thursday, Metiria Turei announced the Green Party’s plan to start addressing the emergency housing crisis facing our country. Too many people are without homes right now – homeless. It is the… ...
    GreensBy Marama Davidson
    4 days ago
  • Will funding boost for sexual violence services go to the right places?
    This week the Government announced $46million for sexual violence services. This announcement was a result of decades of work by advocates and everyone who submitted to the Select Committee inquiry into funding for sexual violence services that I initiated with… ...
    GreensBy Jan Logie
    5 days ago
  • Will funding boost for sexual violence services go to the right places?
    This week the Government announced $46million for sexual violence services. This announcement was a result of decades of work by advocates and everyone who submitted to the Select Committee inquiry into funding for sexual violence services that I initiated with… ...
    GreensBy Jan Logie
    5 days ago
  • Denise Roche – What I’m looking for in this year’s Budget
    Two of the things I’ll be looking for in the Budget next week are more funding for refugees and for our arts and culture sector. More funding for refugees I’m a strong supporter of the #DoubleTheQuota campaign and its goals… ...
    GreensBy Denise Roche
    5 days ago
  • Denise Roche – What I’m looking for in this year’s Budget
    Two of the things I’ll be looking for in the Budget next week are more funding for refugees and for our arts and culture sector. More funding for refugees I’m a strong supporter of the #DoubleTheQuota campaign and its goals… ...
    GreensBy Denise Roche
    5 days ago
  • Car rego victims must get a refund
    Motorists who have been overcharged for their car registration should get a refund, says Labour’s Transport spokesperson Sue Moroney.  “Minister Nikki Kaye’s ‘faulty risk’ rating scheme has blown up in her face with over 170 different models of car having… ...
    5 days ago
  • Council statement shows they just don’t get it
    The Auckland Council’s statement today shows they don’t understand the problems created by the urban growth boundary, says Labour’s housing spokesperson Phil Twyford.  “I have been the first to defend the Auckland City Council when Bill English has been blaming… ...
    5 days ago
  • Inspecting electronic devices a potential privacy threat
    Labour is expressing concern for New Zealanders’ privacy rights as the Government signals Customs will have the power to inspect electronic devices coming across the border, says Labour’s Customs Spokesperson Rino Tirikatene. “We agree that customs officers should have the… ...
    5 days ago
  • The Price of Water
    This week I hosted a public meeting at EIT in Hawkes Bay to discuss how we might put a price on the commercial use of water, so that water may be valued and treated more sustainably. I invited a… ...
    GreensBy Catherine Delahunty
    5 days ago
  • Caption It NZ!
    Today I received a petition from the NZ Captioning Working Group urging the government to legislate for accessibility via closed captioning for deaf and hard of hearing New Zealanders. It was timely because today is the fifth Global Accessibility Awareness… ...
    GreensBy Mojo Mathers
    6 days ago
  • Older Kiwis to miss out on electives
    The Government is not doing enough elective surgery to keep up with New Zealand’s ageing population, says Labour’s Health spokesperson Annette King.  “It’s damning that the targeted national intervention rate for cataract and knee and hip surgery is the same… ...
    6 days ago
  • Most principals say their college is underfunded
    The Government must substantially increase funding for secondary schools in next week’s Budget after a new survey found 86 per cent of principals consider their college under-resourced, Labour’s Education spokesperson Chris Hipkins says. “Just 14 per cent of secondary principals… ...
    6 days ago
  • Bill English and Nick Smith on different pages
    The Government’s support for Labour’s policy to remove the Auckland urban growth boundary is good news, but National needs to clarify its position, Labour’s Housing and Auckland Issues spokesperson Phil Twyford says. “The Acting Prime Minister has acknowledged our position… ...
    6 days ago
  • Bill English and Nick Smith on different pages
    The Government’s support for Labour’s policy to remove the Auckland urban growth boundary is good news, but National needs to clarify its position, Labour’s Housing and Auckland Issues spokesperson Phil Twyford says. “The Acting Prime Minister has acknowledged our position… ...
    6 days ago
  • Labour calls for independent inquiry into illegal fish dumping
    The Labour Party is reiterating its call for an independent inquiry into New Zealand’s fishing industry after two reports revealed the Ministry for Primary Industries turned a blind eye to widespread fish dumping in New Zealand waters, says Labour’s Fisheries… ...
    6 days ago
  • Mt Karangahake and Newcrest Mining
    On Wednesday and Sunday of last week the local residents of the Karangahake mountain in the Karangahake gorge of Hauraki/Coromandel peacefully protested against a gold mining drill rig on private land adjacent to the DOC land. The drilling rig was… ...
    GreensBy Catherine Delahunty
    7 days ago
  • Robbing Aucklanders to pay Rio Tinto
    New Zealand’s national electricity grid stretches the length of the country and contains some 11,803 kilometres of high-voltage lines and 178 substations. It wouldn’t make sense for competing power companies to duplicate and build their own expensive electricity transmission system… ...
    GreensBy Gareth Hughes
    7 days ago
  • Government should abolish Auckland urban growth boundary
    The Government should rule out any possibility of an urban growth boundary in Auckland Council’s Unitary Plan if it is serious about fixing the housing crisis, says Labour’s Housing spokesperson Phil Twyford. “Over 25 years the urban growth boundary hasn’t… ...
    7 days ago
  • Kiwis don’t want iPads for Land deals
     It is outrageous that schools are relying on money and iPads from foreign land investors to meet the learning needs of their students, says Labour’s Education spokesperson Chris Hipkins.  “Several OIO land applications by offshore investors have claimed that without… ...
    7 days ago
  • Homelessness – National has failed all of us
    A young South Auckland Māori woman recently tried to get hold of me around midnight. I missed her call. The woman wanted me to know the sharp reality facing too many families looking for a stable place to live. Things… ...
    GreensBy Marama Davidson
    1 week ago
  • Moko case should never have been manslaughter deal
    Confirmation again yesterday that the manslaughter charge in the Moko Rangitoheriri case was a deal done by the Crown Prosecution Service is justifiably the cause of outrage, says Labour’s Children’s spokesperson Jacinda Ardern.“This should never have been a case where… ...
    1 week ago
  • Overseas investor funds school’s digital devices
    The Government must address the inequality laptops and tablets in classrooms are causing after a Queenstown school was forced to use a donation from an overseas investor to get their students digital devices, Labour’s Education spokesperson Chris Hipkins. “Documents obtained… ...
    1 week ago
  • Child Youth and Family Review and Domestic Violence
    This Government has consistently failed to recognise the links between Child Youth and Family Services (CYFS) and intimate partner violence. For me, the recent review of CYFS has highlighted this misunderstanding of the dynamics of domestic violence and its impacts… ...
    GreensBy Jan Logie
    1 week ago
  • Child Youth and Family Review and Domestic Violence
    This Government has consistently failed to recognise the links between Child Youth and Family Services (CYFS) and intimate partner violence. For me, the recent review of CYFS has highlighted this misunderstanding of the dynamics of domestic violence and its impacts… ...
    GreensBy Jan Logie
    1 week ago
  • Canterbury rebuild: How wood is a better choice for the new city
    It was interesting to attend the ForestWood Conference in Auckland recently and learn about the extent of innovation in the wood processing and manufacturing sector. The forestry sector may be New Zealand’s third largest export earner, but raw logs make… ...
    GreensBy Eugenie Sage
    1 week ago
  • Canterbury rebuild: How wood is a better choice for the new city
    It was interesting to attend the ForestWood Conference in Auckland recently and learn about the extent of innovation in the wood processing and manufacturing sector. The forestry sector may be New Zealand’s third largest export earner, but raw logs make… ...
    GreensBy Eugenie Sage
    1 week ago
  • Key plucks $3b out of thin air – reckless and irresponsible
    John Key refuses to give up on his dream of tax cuts to the wealthy, despite being shot down by Bill English, and is resorting to plucking numbers out of thin air, says Labour’s Finance spokesperson Grant Robertson. “On radio… ...
    1 week ago
  • John Key woefully out of touch on homelessness
    John Key is completely out of touch if he thinks desperate South Auckland families forced to live in cars can simply go to Work and Income for help, Opposition Leader Andrew Little says. “Many of these families are working and… ...
    1 week ago
  • Under-reporting shows need to review quota system
    The Government must launch an independent review into New Zealand’s 30-year-old Quota Management System following a new report suggesting gross under-reporting of catch in the New Zealand fishing industry, Labour’s Environment spokesperson David Parker says.  “The Auckland University report found… ...
    1 week ago
  • Investigations into tertiary institutions overdue
    A Tertiary Education Commission investigation into the Tai Poutini Polytechnic is overdue and should have been launched last year, Labour’s Associate Education (Tertiary) spokesperson David Cunliffe says. “Labour has been calling for an inquiry into potential rorts at Tai Poutini… ...
    2 weeks ago
  • Investigations into tertiary institutions overdue
    A Tertiary Education Commission investigation into the Tai Poutini Polytechnic is overdue and should have been launched last year, Labour’s Associate Education (Tertiary) spokesperson David Cunliffe says. “Labour has been calling for an inquiry into potential rorts at Tai Poutini… ...
    2 weeks ago
  • Where is the fair share for most New Zealanders?
    Most New Zealanders reading the news that chief executive pay has risen 12 per cent in the last year will be wondering when they are going to get their fair share, Labour’s Finance spokesperson Grant Robertson says. “More and more… ...
    2 weeks ago
  • Where is the fair share for most New Zealanders?
    Most New Zealanders reading the news that chief executive pay has risen 12 per cent in the last year will be wondering when they are going to get their fair share, Labour’s Finance spokesperson Grant Robertson says. “More and more… ...
    2 weeks ago
  • Mega media merger is bad news
    Some people call newspapers “tomorrow’s fish and chips” but this week’s news around a mega media merger is not an issue we should discard. Media giants Fairfax and APN News & Media announced they were in discussions to merge their… ...
    GreensBy Gareth Hughes
    2 weeks ago
  • Mega media merger is bad news
    Some people call newspapers “tomorrow’s fish and chips” but this week’s news around a mega media merger is not an issue we should discard. Media giants Fairfax and APN News & Media announced they were in discussions to merge their… ...
    GreensBy Gareth Hughes
    2 weeks ago
  • National puts Easter trading in the too hard basket
    All Labour MPs will vote against National’s move to leave Easter trading laws up to councils, Labour’s Workplace Relations spokesperson Iain-Lees Galloway says.  “Despite this being a conscience vote, Labour MPs are united in their opposition to the Government’s moves… ...
    2 weeks ago
  • National puts Easter trading in the too hard basket
    All Labour MPs will vote against National’s move to leave Easter trading laws up to councils, Labour’s Workplace Relations spokesperson Iain-Lees Galloway says.  “Despite this being a conscience vote, Labour MPs are united in their opposition to the Government’s moves… ...
    2 weeks ago
  • Law Commission speaks up for domestic violence survivors
    I want to give kudos to the Minister for Justice for getting the Law Commission to review options for how our justice system responds when victims of domestic violence kill their partners. This is a relatively discrete piece of work… ...
    GreensBy Jan Logie
    2 weeks ago

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