The wheels are falling off

Written By: - Date published: 8:32 am, May 28th, 2013 - 60 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.

60 comments on “The wheels are falling off ”

  • Comments are now closed

  1. One Anonymous Knucklehead 1
    28 May 2013 at 8:46 am

    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
      28 May 2013 at 9:38 am

      Keep frothing.

      • One Anonymous Knucklehead 1.1.1
        28 May 2013 at 10:22 am

        Keep failing.

        • Colonial Viper 1.1.1.1
          28 May 2013 at 10:41 am

          Stock price free falling

          • The Gormless Fool formerly known as Oleolebiscuitbarrell 1.1.1.1.1
            28 May 2013 at 11:08 am

            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
              28 May 2013 at 11:11 am

              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 …
                28 May 2013 at 12:10 pm

                “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
              28 May 2013 at 2:27 pm

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

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

  2. paul andersen 2
    28 May 2013 at 8:54 am

    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
      28 May 2013 at 9:26 am

      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
      28 May 2013 at 10:21 am

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

  3. Winston Smith 3
    28 May 2013 at 9:24 am

    “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
      28 May 2013 at 9:27 am

      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
    28 May 2013 at 9:30 am

    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
      28 May 2013 at 10:10 am

      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
      28 May 2013 at 10:32 am

      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
      29 May 2013 at 7:41 pm

      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
      29 May 2013 at 9:14 pm

      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
    28 May 2013 at 9:37 am

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

    • Zorr 5.1
      28 May 2013 at 9:47 am

      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
      28 May 2013 at 9:47 am

      “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
      28 May 2013 at 10:43 am

      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
        28 May 2013 at 12:43 pm

        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
          28 May 2013 at 3:06 pm

          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
            28 May 2013 at 4:21 pm

            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
              28 May 2013 at 4:22 pm

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

              • Colonial Viper …
                29 May 2013 at 7:32 pm

                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
    28 May 2013 at 9:45 am

    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
    28 May 2013 at 9:51 am

    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. Ugly Truth 8
    28 May 2013 at 9:59 am

    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
      28 May 2013 at 10:14 am

      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
        28 May 2013 at 1:08 pm

        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
      28 May 2013 at 10:45 am

      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
        29 May 2013 at 2:20 am

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

  9. Lionel 9
    28 May 2013 at 10:43 am

    knuckleheads they are incompetant

  10. Lionel 10
    28 May 2013 at 10:44 am

    correction the tories are incompetant not knucklehead (sorry)

  11. ianmac 11
    28 May 2013 at 11:18 am

    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
      28 May 2013 at 12:07 pm

      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
        28 May 2013 at 12:16 pm

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

  12. Roy 12
    28 May 2013 at 12:31 pm

    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
      29 May 2013 at 7:21 am

      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
    28 May 2013 at 12:36 pm

    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
      29 May 2013 at 9:09 am

      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
    28 May 2013 at 12:46 pm

    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
      28 May 2013 at 1:03 pm

      When China sneezes…

    • Colonial Viper 14.2
      28 May 2013 at 3:03 pm

      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
    29 May 2013 at 3:43 pm

    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
      29 May 2013 at 3:47 pm

      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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    Mariupol, on the Azov Sea coast, was one of the first cities to suffer almost complete destruction after the start of the Ukraine War started in late February 2022. We remember the scenes of absolute destruction of the houses and city structures. The deaths of innocent civilians – many of ...
    Open ParachuteBy Ken
    1 day ago

  • Babies and benefits – no good news
    Lindsay Mitchell writes – Ten years ago, I wrote the following in a Listener column: Every year around one in five new-born babies will be reliant on their caregivers benefit by Christmas. This pattern has persisted from at least 1993. For Maori the number jumps to over one in three.  ...
    Point of OrderBy poonzteam5443
    1 day ago

  • Should the RBNZ be looking through climate inflation?
    Climate change is expected to generate more and more extreme events, delivering a sort of structural shock to inflation that central banks will have to react to as if they were short-term cyclical issues. Photo: Lynn Grieveson / The KākāMy pick of the six newsey things to know from Aotearoa’s ...
    The KakaBy Bernard Hickey
    1 day ago

  • Bernard's pick 'n' mix of the news links
    The top six news links I’ve seen elsewhere in the last 24 hours, as of 9:16 am on Thursday, April 18 are:Housing: Tauranga residents living in boats, vans RNZ Checkpoint Louise TernouthHousing: Waikato councillor says wastewater plant issues could hold up Sleepyhead building a massive company town Waikato Times Stephen ...
    The KakaBy Bernard Hickey
    1 day ago

  • Gordon Campbell on the public sector carnage, and misogyny as terrorism
    It’s a simple deal. We pay taxes in order to finance the social services we want and need. The carnage now occurring across the public sector though, is breaking that contract. Over 3,000 jobs have been lost so far. Many are in crucial areas like Education where the impact of ...
    Gordon CampbellBy lyndon
    1 day ago

  • Meeting the Master Baiters
    Hi,A friend had their 40th over the weekend and decided to theme it after Curb Your Enthusiasm fashion icon Susie Greene. Captured in my tiny kitchen before I left the house, I ending up evoking a mix of old lesbian and Hillary Clinton — both unintentional.Me vs Hillary ClintonIf you’re ...
    David FarrierBy David Farrier
    1 day ago

  • How extreme was the Earth's temperature in 2023
    This is a re-post from Andrew Dessler at the Climate Brink blog In 2023, the Earth reached temperature levels unprecedented in modern times. Given that, it’s reasonable to ask: What’s going on? There’s been lots of discussions by scientists about whether this is just the normal progression of global warming or if something ...
    Skeptical Science
    1 day ago

  • Backbone, revisited
    The schools are on holiday and the sun is shining in the seaside village and all day long I have been seeing bunches of bikes; Mums, Dads, teens and toddlers chattering, laughing, happy, having a bloody great time together. Cheers, AT, for the bits of lane you’ve added lately around the ...
    More Than A FeildingBy David Slack
    2 days ago

  • Ministers are not above the law
    Today in our National-led authoritarian nightmare: Shane Jones thinks Ministers should be above the law: New Zealand First MP Shane Jones is accusing the Waitangi Tribunal of over-stepping its mandate by subpoenaing a minister for its urgent hearing on the Oranga Tamariki claim. The tribunal is looking into the ...
    No Right TurnBy Idiot/Savant
    2 days ago

  • What’s the outfit you can hear going down the gurgler? Probably it’s David Parker’s Oceans Sec...
    Buzz from the Beehive Point  of Order first heard of the Oceans Secretariat in June 2021, when David Parker (remember him?) announced a multi-agency approach to protecting New Zealand’s marine ecosystems and fisheries. Parker (holding the Environment, and Oceans and Fisheries portfolios) broke the news at the annual Forest & ...
    Point of OrderBy Bob Edlin
    2 days ago

  • Will politicians let democracy die in the darkness?
    Bryce Edwards writes  – Politicians across the political spectrum are implicated in the New Zealand media’s failing health. Either through neglect or incompetent interventions, successive governments have failed to regulate, foster, and allow a healthy Fourth Estate that can adequately hold politicians and the powerful to account. ...
    Point of OrderBy poonzteam5443
    2 days ago

  • Matt Doocey doubles down on trans “healthcare”
    Citizen Science writes –  Last week saw two significant developments in the debate over the treatment of trans-identifying children and young people – the release in Britain of the final report of Dr Hilary Cass’s review into gender healthcare, and here in New Zealand, the news that the ...
    Point of OrderBy poonzteam5443
    2 days ago

  • A TikTok Prime Minister.
    One night while sleeping in my bed I had a beautiful dreamThat all the people of the world got together on the same wavelengthAnd began helping one anotherNow in this dream, universal love was the theme of the dayPeace and understanding and it happened this wayAfter such an eventful day ...
    Nick’s KōreroBy Nick Rockel
    2 days ago

  • Texas Lessons
    This is a guest post by Oscar Simms who is a housing activist, volunteer for the Coalition for More Homes, and was the Labour Party candidate for Auckland Central at the last election. ...
    Greater AucklandBy Guest Post
    2 days ago

  • Bernard's pick 'n' mix of the news links at 6:06 am
    The top six news links I’ve seen elsewhere in the last 24 hours as of 6:06 am on Wednesday, April 17 are:Must read: Secrecy shrouds which projects might be fast-tracked RNZ Farah HancockScoop: Revealed: Luxon has seven staffers working on social media content - partly paid for by taxpayer Newshub ...
    The KakaBy Bernard Hickey
    2 days ago

  • Fighting poverty on the holiday highway
    Turning what Labour called the “holiday highway” into a four-lane expressway from Auckland to Whangarei could bring at least an economic benefit of nearly two billion a year for Northland each year. And it could help bring an end to poverty in one of New Zealand’s most deprived regions. The ...
    PolitikBy Richard Harman
    2 days ago

  • Bernard's six-stack of substacks at 6:26 pm
    Tonight’s six-stack includes: launching his substack with a bunch of his previous documentaries, including this 1992 interview with Dame Whina Cooper. and here crew give climate activists plenty to do, including this call to submit against the Fast Track Approvals bill. writes brilliantly here on his substack ...
    The KakaBy Bernard Hickey
    3 days ago

  • At a glance – Is the science settled?
    On February 14, 2023 we announced our Rebuttal Update Project. This included an ask for feedback about the added "At a glance" section in the updated basic rebuttal versions. This weekly blog post series highlights this new section of one of the updated basic rebuttal versions and serves as a ...
    Skeptical Science
    3 days ago

  • Apposite Quotations.
    How Long Is Long Enough? Gaza under Israeli bombardment, July 2014. This posting is exclusive to Bowalley Road. ...
    Bowalley Road
    3 days ago

  • What’s a life worth now?
    You're in the mall when you hear it: some kind of popping sound in the distance, kids with fireworks, maybe. But then a moment of eerie stillness is followed by more of the fireworks sound and there’s also screaming and shrieking and now here come people running for their lives.Does ...
    More Than A FeildingBy David Slack
    3 days ago

  • Howling at the Moon
    Karl du Fresne writes –  There’s a crisis in the news media and the media are blaming it on everyone except themselves. Culpability is being deflected elsewhere – mainly to the hapless Minister of Communications, Melissa Lee, and the big social media platforms that are accused of hoovering ...
    Point of OrderBy poonzteam5443
    3 days ago

  • Newshub is Dead.
    I don’t normally send out two newsletters in a day but I figured I’d say something about… the news. If two newsletters is a bit much then maybe just skip one, I don’t want to overload people. Alternatively if you’d be interested in sometimes receiving multiple, smaller updates from me, ...
    Nick’s KōreroBy Nick Rockel
    3 days ago

  • Seymour is chuffed about cutting early-learning red tape – but we hear, too, that Jones has loose...
    Buzz from the Beehive David Seymour and Winston Peters today signalled that at least two ministers of the Crown might be in Wellington today. Seymour (as Associate Minister of Education) announced the removal of more red tape, this time to make it easier for new early learning services to be ...
    Point of OrderBy Bob Edlin
    3 days ago

  • Bryce Edwards: Will politicians let democracy die in the darkness?
    Politicians across the political spectrum are implicated in the New Zealand media’s failing health. Either through neglect or incompetent interventions, successive governments have failed to regulate, foster, and allow a healthy Fourth Estate that can adequately hold politicians and the powerful to account. Our political system is suffering from the ...
    Democracy ProjectBy bryce.edwards
    3 days ago

  • Was Hawkesby entirely wrong?
    David Farrar  writes –  The Broadcasting Standards Authority ruled: Comments by radio host Kate Hawkesby suggesting Māori and Pacific patients were being prioritised for surgery due to their ethnicity were misleading and discriminatory, the Broadcasting Standards Authority has found. It is a fact such patients are prioritised. ...
    Point of OrderBy poonzteam5443
    3 days ago

  • PRC shadow looms as the Solomons head for election
    PRC and its proxies in Solomons have been preparing for these elections for a long time. A lot of money, effort and intelligence have gone into ensuring an outcome that won’t compromise Beijing’s plans. Cleo Paskall writes – On April 17th the Solomon Islands, a country of ...
    Point of OrderBy poonzteam5443
    3 days ago

  • Climate Change: Criminal ecocide
    We are in the middle of a climate crisis. Last year was (again) the hottest year on record. NOAA has just announced another global coral bleaching event. Floods are threatening UK food security. So naturally, Shane Jones wants to make it easier to mine coal: Resources Minister Shane Jones ...
    No Right TurnBy Idiot/Savant
    3 days ago

  • Is saving one minute of a politician's time worth nearly $1 billion?
    Is speeding up the trip to and from Wellington airport by 12 minutes worth spending up more than $10 billion? Photo: Lynn Grieveson / The KākāTL;DR: The six news items that stood out to me in the last day to 8:26 am today are:The Lead: Transport Minister Simeon Brown announced ...
    The KakaBy Bernard Hickey
    3 days ago

  • Long Tunnel or Long Con?
    Yesterday it was revealed that Transport Minister had asked Waka Kotahi to look at the options for a long tunnel through Wellington. State Highway 1 (SH1) through Wellington City is heavily congested at peak times and while planning continues on the duplicate Mt Victoria Tunnel and Basin Reserve project, the ...
    Greater AucklandBy Matt L
    3 days ago

  • Smoke And Mirrors.
    You're a fraud, and you know itBut it's too good to throw it all awayAnyone would do the sameYou've got 'em goingAnd you're careful not to show itSometimes you even fool yourself a bitIt's like magicBut it's always been a smoke and mirrors gameAnyone would do the sameForty six billion ...
    Nick’s KōreroBy Nick Rockel
    3 days ago

  • What is Mexico doing about climate change?
    This is a re-post from Yale Climate Connections The June general election in Mexico could mark a turning point in ensuring that the country’s climate policies better reflect the desire of its citizens to address the climate crisis, with both leading presidential candidates expressing support for renewable energy. Mexico is the ...
    Skeptical Science
    3 days ago

  • State of humanity, 2024
    2024, it feels, keeps presenting us with ever more challenges, ever more dismay.Do you give up yet? It seems to ask.No? How about this? Or this?How about this?When I say 2024 I really mean the state of humanity in 2024.Saturday night, we watched Civil War because that is one terrifying cliff we've ...
    More Than A FeildingBy David Slack
    4 days ago

  • Govt’s Wellington tunnel vision aims to ease the way to the airport (but zealous promoters of cycl...
    Buzz from the Beehive A pet project and governmental tunnel vision jump out from the latest batch of ministerial announcements. The government is keen to assure us of its concern for the wellbeing of our pets. It will be introducing pet bonds in a change to the Residential Tenancies Act ...
    Point of OrderBy Bob Edlin
    4 days ago

  • The case for cultural connectedness
    A recent report generated from a Growing Up in New Zealand (GUiNZ) survey of 1,224 rangatahi Māori aged 11-12 found: Cultural connectedness was associated with fewer depression symptoms, anxiety symptoms and better quality of life. That sounds cut and dry. But further into the report the following appears: Cultural connectedness is ...
    Point of OrderBy poonzteam5443
    4 days ago

  • Useful context on public sector job cuts
    David Farrar writes –    The Herald reports: From the gory details of job-cuts news, you’d think the public service was being eviscerated.   While the media’s view of the cuts is incomplete, it’s also true that departments have been leaking the particulars faster than a Wellington ...
    Point of OrderBy poonzteam5443
    4 days ago

  • Gordon Campbell On When Racism Comes Disguised As Anti-racism
    Remember the good old days, back when New Zealand had a PM who could think and speak calmly and intelligently in whole sentences without blustering? Even while Iran’s drones and missiles were still being launched, Helen Clark was live on TVNZ expertly summing up the latest crisis in the Middle ...
    Gordon CampbellBy lyndon
    4 days ago

  • Govt ignored economic analysis of smokefree reversal
    Costello did not pass on analysis of the benefits of the smokefree reforms to Cabinet, emphasising instead the extra tax revenues of repealing them. Photo: Hagen Hopkins, Getty Images TL;DR: The six news items that stood out to me at 7:26 am today are:The Lead: Casey Costello never passed on ...
    The KakaBy Bernard Hickey
    4 days ago

  • True Blue.
    True loveYou're the one I'm dreaming ofYour heart fits me like a gloveAnd I'm gonna be true blueBaby, I love youI’ve written about the job cuts in our news media last week. The impact on individuals, and the loss to Aotearoa of voices covering our news from different angles.That by ...
    Nick’s KōreroBy Nick Rockel
    4 days ago

  • Who is running New Zealand’s foreign policy?
    While commentators, including former Prime Minister Helen Clark, are noting a subtle shift in New Zealand’s foreign policy, which now places more emphasis on the United States, many have missed a key element of the shift. What National said before the election is not what the government is doing now. ...
    PolitikBy Richard Harman
    4 days ago

  • 2024 SkS Weekly Climate Change & Global Warming News Roundup #15
    A listing of 31 news and opinion articles we found interesting and shared on social media during the past week: Sun, April 7, 2024 thru Sat, April 13, 2024. Story of the week Our story of the week is about adults in the room setting terms and conditions of ...
    Skeptical Science
    5 days ago

  • Feline Friends and Fragile Fauna The Complexities of Cats in New Zealand’s Conservation Efforts

    Cats, with their independent spirit and beguiling purrs, have captured the hearts of humans for millennia. In New Zealand, felines are no exception, boasting the highest national cat ownership rate globally [definition cat nz cat foundation]. An estimated 1.134 million pet cats grace Kiwi households, compared to 683,000 dogs ...

    Gareth’s WorldBy admin
    5 days ago

  • Or is that just they want us to think?
    Nice guy, that Peter Williams. Amiable, a calm air of no-nonsense capability, a winning smile. Everything you look for in a TV presenter and newsreader.I used to see him sometimes when I went to TVNZ to be a talking head or a panellist and we would yarn. Nice guy, that ...
    More Than A FeildingBy David Slack
    5 days ago

  • Fact Brief – Did global warming stop in 1998?
    Skeptical Science is partnering with Gigafact to produce fact briefs — bite-sized fact checks of trending claims. This fact brief was written by Sue Bin Park in collaboration with members from our Skeptical Science team. You can submit claims you think need checking via the tipline. Did global warming stop in ...
    Skeptical Science
    6 days ago

  • Arguing over a moot point.
    I have been following recent debates in the corporate and social media about whether it is a good idea for NZ to join what is known as “AUKUS Pillar Two.” AUKUS is the Australian-UK-US nuclear submarine building agreement in which … Continue reading → ...
    KiwipoliticoBy Pablo
    6 days ago

  • No Longer Trusted: Ageing Boomers, Laurie & Les, Talk Politics.
    Turning Point: “What has turned me away from the mainstream news media is the very strong message that its been sending out for the last few years.” “And what message might that be?” “That the people who own it, the people who run it, and the people who provide its content, really don’t ...
    Bowalley Road
    6 days ago

  • Mortgage rates at 10% anyone?
    No – nothing about that in PM Luxon’s nine-point plan to improve the lives of New Zealanders. But beyond our shores Jamie Dimon, the long-serving head of global bank J.P. Morgan Chase, reckons that the chances of a goldilocks soft landing for the economy are “a lot lower” than the ...
    Point of OrderBy xtrdnry
    6 days ago

  • Sad tales from the left
    Michael Bassett writes –  Have you noticed the odd way in which the media are handling the government’s crackdown on surplus employees in the Public Service? Very few reporters mention the crazy way in which State Service numbers rocketed ahead by more than 16,000 during Labour’s six years, ...
    Point of OrderBy poonzteam5443
    6 days ago

  • Minister to Europe for OECD meeting, Anzac Day
    Science, Innovation and Technology and Defence Minister Judith Collins will next week attend the OECD Science and Technology Ministerial conference in Paris and Anzac Day commemorations in Belgium. “Science, innovation and technology have a major role to play in rebuilding our economy and achieving better health, environmental and social outcomes ...
    BeehiveBy beehive.govt.nz
    2 hours ago

  • Comprehensive Partnership the goal for NZ and the Philippines
    Prime Minister Christopher Luxon held a bilateral meeting today with the President of the Philippines, Ferdinand Marcos Jr.  The Prime Minister was accompanied by MP Paulo Garcia, the first Filipino to be elected to a legislature outside the Philippines. During today’s meeting, Prime Minister Luxon and President Marcos Jr discussed opportunities to ...
    BeehiveBy beehive.govt.nz
    13 hours ago

  • Government commits $20m to Westport flood protection
    The Government has announced that $20 million in funding will be made available to Westport to fund much needed flood protection around the town. This measure will significantly improve the resilience of the community, says Local Government Minister Simeon Brown. “The Westport community has already been allocated almost $3 million ...
    BeehiveBy beehive.govt.nz
    19 hours ago

  • Taupō takes pole position
    The Government is proud to support the first ever Repco Supercars Championship event in Taupō as up to 70,000 motorsport fans attend the Taupō International Motorsport Park this weekend, says Economic Development Minister Melissa Lee. “Anticipation for the ITM Taupō Super400 is huge, with tickets and accommodation selling out weeks ...
    BeehiveBy beehive.govt.nz
    20 hours ago

  • Cost of living support for low-income homeowners
    Local Government Minister Simeon Brown has announced an increase to the Rates Rebate Scheme, putting money back into the pockets of low-income homeowners.  “The coalition Government is committed to bringing down the cost of living for New Zealanders. That includes targeted support for those Kiwis who are doing things tough, such ...
    BeehiveBy beehive.govt.nz
    22 hours ago

  • Government backing mussel spat project
    The Coalition Government is investing in a project to boost survival rates of New Zealand mussels and grow the industry, Oceans and Fisheries Minister Shane Jones has announced. “This project seeks to increase the resilience of our mussels and significantly boost the sector’s productivity,” Mr Jones says. “The project - ...
    BeehiveBy beehive.govt.nz
    23 hours ago

  • Government focused on getting people into work
    Benefit figures released today underscore the importance of the Government’s plan to rebuild the economy and have 50,000 fewer people on Jobseeker Support, Social Development and Employment Minister Louise Upston says. “Benefit numbers are still significantly higher than when National was last in government, when there was about 70,000 fewer ...
    BeehiveBy beehive.govt.nz
    1 day ago

  • Clean energy key driver to reducing emissions
    The Government’s commitment to doubling New Zealand’s renewable energy capacity is backed by new data showing that clean energy has helped the country reach its lowest annual gross emissions since 1999, Climate Change Minister Simon Watts says. New Zealand’s latest Greenhouse Gas Inventory (1990-2022) published today, shows gross emissions fell ...
    BeehiveBy beehive.govt.nz
    1 day ago

  • Earthquake-prone buildings review brought forward
    The Government is bringing the earthquake-prone building review forward, with work to start immediately, and extending the deadline for remediations by four years, Building and Construction Minister Chris Penk says. “Our Government is focused on rebuilding the economy. A key part of our plan is to cut red tape that ...
    BeehiveBy beehive.govt.nz
    1 day ago

  • Thailand and NZ to agree to Strategic Partnership
    Prime Minister Christopher Luxon and his Thai counterpart, Prime Minister Srettha Thavisin, have today agreed that New Zealand and the Kingdom of Thailand will upgrade the bilateral relationship to a Strategic Partnership by 2026. “New Zealand and Thailand have a lot to offer each other. We have a strong mutual desire to build ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Government consults on extending coastal permits for ports
    RMA Reform Minister Chris Bishop and Transport Minister Simeon Brown have today announced the Coalition Government’s intention to extend port coastal permits for a further 20 years, providing port operators with certainty to continue their operations. “The introduction of the Resource Management Act in 1991 required ports to obtain coastal ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Inflation coming down, but more work to do
    Today’s announcement that inflation is down to 4 per cent is encouraging news for Kiwis, but there is more work to be done - underlining the importance of the Government’s plan to get the economy back on track, acting Finance Minister Chris Bishop says. “Inflation is now at 4 per ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • School attendance restored as a priority in health advice
    Refreshed health guidance released today will help parents and schools make informed decisions about whether their child needs to be in school, addressing one of the key issues affecting school attendance, says Associate Education Minister David Seymour. In recent years, consistently across all school terms, short-term illness or medical reasons ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Unnecessary bureaucracy cut in oceans sector
    Oceans and Fisheries Minister Shane Jones is streamlining high-level oceans management while maintaining a focus on supporting the sector’s role in the export-led recovery of the economy. “I am working to realise the untapped potential of our fishing and aquaculture sector. To achieve that we need to be smarter with ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Patterson promoting NZ’s wool sector at International Congress
    Associate Agriculture Minister Mark Patterson is speaking at the International Wool Textile Organisation Congress in Adelaide, promoting New Zealand wool, and outlining the coalition Government’s support for the revitalisation the sector.    "New Zealand’s wool exports reached $400 million in the year to 30 June 2023, and the coalition Government ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • Removing red tape to help early learners thrive
    The Government is making legislative changes to make it easier for new early learning services to be established, and for existing services to operate, Associate Education Minister David Seymour says. The changes involve repealing the network approval provisions that apply when someone wants to establish a new early learning service, ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • RMA changes to cut coal mining consent red tape
    Changes to the Resource Management Act will align consenting for coal mining to other forms of mining to reduce barriers that are holding back economic development, Resources Minister Shane Jones says. “The inconsistent treatment of coal mining compared with other extractive activities is burdensome red tape that fails to acknowledge ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • McClay reaffirms strong NZ-China trade relationship
    Trade, Agriculture and Forestry Minister Todd McClay has concluded productive discussions with ministerial counterparts in Beijing today, in support of the New Zealand-China trade and economic relationship. “My meeting with Commerce Minister Wang Wentao reaffirmed the complementary nature of the bilateral trade relationship, with our Free Trade Agreement at its ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • Prime Minister Luxon acknowledges legacy of Singapore Prime Minister Lee
    Prime Minister Christopher Luxon today paid tribute to Singapore’s outgoing Prime Minister Lee Hsien Loong.   Meeting in Singapore today immediately before Prime Minister Lee announced he was stepping down, Prime Minister Luxon warmly acknowledged his counterpart’s almost twenty years as leader, and the enduring legacy he has left for Singapore and South East ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • PMs Luxon and Lee deepen Singapore-NZ ties
    Prime Minister Christopher Luxon held a bilateral meeting today with Singapore Prime Minister Lee Hsien Loong. While in Singapore as part of his visit to South East Asia this week, Prime Minister Luxon also met with Singapore President Tharman Shanmugaratnam and will meet with Deputy Prime Minister Lawrence Wong.  During today’s meeting, Prime Minister Luxon ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Antarctica New Zealand Board appointments
    Foreign Minister Winston Peters has made further appointments to the Board of Antarctica New Zealand as part of a continued effort to ensure the Scott Base Redevelopment project is delivered in a cost-effective and efficient manner.  The Minister has appointed Neville Harris as a new member of the Board. Mr ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Finance Minister travels to Washington DC
    Finance Minister Nicola Willis will travel to the United States on Tuesday to attend a meeting of the Five Finance Ministers group, with counterparts from Australia, the United States, Canada, and the United Kingdom.  “I am looking forward to meeting with our Five Finance partners on how we can work ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Pet bonds a win/win for renters and landlords
    The coalition Government has today announced purrfect and pawsitive changes to the Residential Tenancies Act to give tenants with pets greater choice when looking for a rental property, says Housing Minister Chris Bishop. “Pets are important members of many Kiwi families. It’s estimated that around 64 per cent of New ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Long Tunnel for SH1 Wellington being considered
    State Highway 1 (SH1) through Wellington City is heavily congested at peak times and while planning continues on the duplicate Mt Victoria Tunnel and Basin Reserve project, the Government has also asked NZ Transport Agency (NZTA) to consider and provide advice on a Long Tunnel option, Transport Minister Simeon Brown ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • New Zealand condemns Iranian strikes
    Prime Minister Christopher Luxon and Foreign Minister Winston Peters have condemned Iran’s shocking and illegal strikes against Israel.    “These attacks are a major challenge to peace and stability in a region already under enormous pressure," Mr Luxon says.    "We are deeply concerned that miscalculation on any side could ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Huge interest in Government’s infrastructure plans
    Hundreds of people in little over a week have turned out in Northland to hear Regional Development Minister Shane Jones speak about plans for boosting the regional economy through infrastructure. About 200 people from the infrastructure and associated sectors attended an event headlined by Mr Jones in Whangarei today. Last ...
    BeehiveBy beehive.govt.nz
    7 days ago

  • Health Minister thanks outgoing Health New Zealand Chair
    Health Minister Dr Shane Reti has today thanked outgoing Health New Zealand – Te Whatu Ora Chair Dame Karen Poutasi for her service on the Board.   “Dame Karen tendered her resignation as Chair and as a member of the Board today,” says Dr Reti.  “I have asked her to ...
    BeehiveBy beehive.govt.nz
    7 days ago

  • Roads of National Significance planning underway
    The NZ Transport Agency (NZTA) has signalled their proposed delivery approach for the Government’s 15 Roads of National Significance (RoNS), with the release of the State Highway Investment Proposal (SHIP) today, Transport Minister Simeon Brown says.  “Boosting economic growth and productivity is a key part of the Government’s plan to ...
    BeehiveBy beehive.govt.nz
    7 days ago

  • Navigating an unstable global environment
    New Zealand is renewing its connections with a world facing urgent challenges by pursuing an active, energetic foreign policy, Foreign Minister Winston Peters says.   “Our country faces the most unstable global environment in decades,” Mr Peters says at the conclusion of two weeks of engagements in Egypt, Europe and the United States.    “We cannot afford to sit back in splendid ...
    BeehiveBy beehive.govt.nz
    7 days ago

  • NZ welcomes Australian Governor-General
    Prime Minister Christopher Luxon has announced the Australian Governor-General, His Excellency General The Honourable David Hurley and his wife Her Excellency Mrs Linda Hurley, will make a State visit to New Zealand from Tuesday 16 April to Thursday 18 April. The visit reciprocates the State visit of former Governor-General Dame Patsy Reddy ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Pseudoephedrine back on shelves for Winter
    Associate Health Minister David Seymour has announced that Medsafe has approved 11 cold and flu medicines containing pseudoephedrine. Pharmaceutical suppliers have indicated they may be able to supply the first products in June. “This is much earlier than the original expectation of medicines being available by 2025. The Government recognised ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • NZ and the US: an ever closer partnership
    New Zealand and the United States have recommitted to their strategic partnership in Washington DC today, pledging to work ever more closely together in support of shared values and interests, Foreign Minister Winston Peters says.    “The strategic environment that New Zealand and the United States face is considerably more ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Joint US and NZ declaration
    April 11, 2024 Joint Declaration by United States Secretary of State the Honorable Antony J. Blinken and New Zealand Minister of Foreign Affairs the Right Honourable Winston Peters We met today in Washington, D.C. to recommit to the historic partnership between our two countries and the principles that underpin it—rule ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • NZ and US to undertake further practical Pacific cooperation
    Foreign Minister Winston Peters has announced further New Zealand cooperation with the United States in the Pacific Islands region through $16.4 million in funding for initiatives in digital connectivity and oceans and fisheries research.   “New Zealand can achieve more in the Pacific if we work together more urgently and ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Government redress for Te Korowai o Wainuiārua
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  • Focus on outstanding minerals permit applications
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  • Applications open for NZ-Ireland Research Call
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  • Tenancy rules changes to improve rental market
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  • Boosting NZ’s trade and agricultural relationship with China
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  • Freshwater farm plan systems to be improved
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