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You pays your money & you takes your chances

Written By: - Date published: 10:53 am, March 9th, 2013 - 96 comments
Categories: capitalism, energy, privatisation - Tags:

Some analysts are talking about risks of investing in Mighty River Power in the media today. Weather, electricity demand, overseas expansion. I’ll tell you what would make me think twice if I was contemplating buying shares (like most Kiwis I couldn’t afford to even if I wanted to).

Everyone acknowledges the power companies over charge because of the way National set up the system with the Bradford reforms. Right now, the government has 400m reasons a year not to do anything about it. After the sales, that will be $200m in dividends.

Any reforms to lower power prices will fall mainly* on a relatively small number of (often overseas) private shareholders and much less on the government books. That rather reduces the government’s incentive to protect the over-charging status quo, doesn’t it? Lots of votes in being the government to bring down power prices, especially when a lot of the profits are otherwise going to foreign corporates.

You would essentially be buying into an industry

  • that has a history of strong government regulatory intervention,
  • that is making super-profits at the moment because the government made it that way,
  • that continues to do so with the government’s tacit consent because it earns the government a lot of money,
  • at the same time as the incentive for the government to let that situation continue will be reduced by half,
  • and at the same the political argument to do something to power prices will become much stronger.

Good luck with that.

*with 30% of the market already private, it’ll be 65% after the sales

96 comments on “You pays your money & you takes your chances”

  1. pollywog 1

    Oh but as long as Key is relaxed about it, we should be too…

    The wolf isn’t concerned with the opinions of sheep!

  2. Colonial Viper 2

    Come on Labour. Get off the mediocrity of the political centre, and announce that you will reacquire the shares at cost, compulsarily over time, with no interest or costs paid.

    And that you will fund the move by a special levy on the top 5%.

    • Alanz 2.1

      If the Centre is a delightfully comfortable place for political slumber, then David Snorer and his deafening silence is occupying very very good space.

    • tc 2.2

      Go all the way and renationalise the entire system, the lines businesses are just as bloated and inefficient, transpower also and all the retailers would get nationalised as the generators already own them.

      Power for the people, novel concept.

      • Colonial Viper 2.2.1

        Shit dude, you aren’t you scared of coming across all “hard left” and “heterodox”??? :twisted:

        The banking and financial transaction system is another area to look at.

      • Tim 2.2.2

        … and protect water before its commodified/commoditised.
        Oh, while we’re about it the oil cartel need a kick in the guts; ports/airports are effectively monopolies within a region, so they should all be/remain in public hands; and then the situation with supermarkets. The truly free-maketeer could hardly object could they!
        I can recall the Max Bradford reforms – all supposedly designed to bring us “fishinsies n fectibniss n grater comtishun – all equalling lower prices for the kinsooma”.
        How long will that take do you reckon? All this neo-lib agenda has had a fair suck of the sav AND IT HASN’T/WILL NOT work. The 1/4 century experiment has failed. Unfortunately that 1/4 century coincides with a slippery dick’s educashun and working life and so he knows nothing else.
        Double up ………. roll the dice! Scream like squealing piglets and shout “wasn’t me, wasn’t me!’ when it all starts turning to shit.

      • Don't worry be happy 2.2.3

        We, the people paid for it, the whole lot…lines, dams everything…. It’s ours. We don’t want to sell. What’s happening now is theft. Call the cops!

        What’s more, these thieves are ‘repeat offenders’.

        They have no remorse and no mercy. If they get away with this theft they’ll be back for more.

        I don’t see any hope of rehabilitation until they are in recovery from their addiction to money.

        In the meantime, for the good of our society and our democracy, the only thing to do is to throw the book at them and lock them up.

  3. geoff 3

    James H, are you saying that you think power prices could fall as a consequence of the sale of MRP?

    [no. the say of MRP is neither necessary nor sufficient to cause power prices to fall. In fact, without reform, it'll cause prices to rise. But it does make reform more likely if and when there's a new government. JH]

    • Jimmy 3.1

      Sounds great let the capatilists take all the risk and we can have lower prices.

      • Colonial Viper 3.1.1

        Smart capitalists take no risks

        They get tax payer bailouts if things go wrong or they are incompetent

    • Wayne 3.2

      Zero evidence of this. How can changing the share ownership in a company increase prices in a market where there are 7 serious players. It is just an assertion.

      • Colonial Viper 3.2.1

        I thought company directors have a responsibility maximise profits. Surely the way to do that with a captive market is to increase prices as far as you are able to.

        It is just an assertion.

        lolwut

        do you even pay your own powerbill?

        • infused 3.2.1.1

          And you wont be able to if there are 7 players. That’s the point.

          • Colonial Viper 3.2.1.1.1

            Why not? Each board of directors is looking to maximise their profits. Do you deny that? And the easiest way with a captive market is to inch up effective power prices month by month.

          • Murray Olsen 3.2.1.1.2

            I wonder how many slightly less than magnificient Tories will be on the boards of more than one of these seven. They don’t mind collectivism at all when it’s them collecting their forces to stiff us all. There might be seven players, but they’re all on the same team and play to the same rules. We just pay more.

      • Tim 3.2.2

        Now I know where the expression “Geeez Wayne!” comes from.

  4. Jimmie 4

    Two little problems with this doomsday scenario.

    1 As the government will still own 51% of MRP (and presumably will continue to receive 51% of all dividend payments) they would still be cutting off their nose to spite their faces if they enforced a lower profit regime on the power industry.

    2 It is looking likely that with MRP there will be close to 4-500,000 IPO investors who will take up the government’s offer to purchase shares in MRP. These 4-500,000 folk are also voters.

    Pissing off 500,000 voters by essentially devaluing their investment is akin to political suicide and would never happen.

    Also if the government wants to make its next MOM share offers to be successful then it won’t rock the investment boat at all.

    I think the left need to face up to the fact that the boat has sailed on opposition to partial asset sales.
    It was fought in 2011 and the left lost. All the time, money, and energy spent on this wasted cause should have been spent on attacking the government on more vulnerable areas.

    All the CIR and msm campaign has done is give free publicity to the partial floats and remind folks to save up for the shares.

    • Colonial Viper 4.1

      All Labour need to do is to make a statement that it will renationalise the assets over time, at cost, using a levy on the wealthy, and you will find that the boat will come back real quick.

      Pissing off 500,000 voters by essentially devaluing their investment is akin to political suicide and would never happen.

      Meh.

      If investors want to take the risk/benefit gamble, knowing what might happen, it’s up to them. That’s capitalism for you.

      • infused 4.1.1

        Not going to happen.

        • Colonial Viper 4.1.1.1

          Oh I agree it’s unlikely. Labour would have to give up being a centrist party and get a left wing backbone.

          • infused 4.1.1.1.1

            NZ wouldn’t have the money for another 10+ years to do something like this anyway.

            • millsy 4.1.1.1.1.1

              Probably right there. But that’s what happen when you cut taxes for the wealthy by almost 50%.

    • uke 4.2

      Yes, but high power prices – with 49% profits going to private interests – are also going to piss off a large proportion of the electrorate (i.e. those too poor to become investors).

      So the issue will become political both ways.

    • Murray Olsen 4.3

      I doubt very much if there would be anywhere near half a million Kiwi voters with shares in MRP three years after the theft, or even one year. The shares will become concentrated in fewer hands, as is almost always the case. At a quick guess, I’d say 50k would be closer.
      My question is why it is seen as political suicide to piss of these people, but good management to piss of most of the population with increased power prices? Or even why letting a beneficiary paint their own roof is seen as political suicide?
      Something has gone very wrong with our country.

      • Draco T Bastard 4.3.1

        +1

        And, IMO, what’s gone wrong is the hard capitalism that’s been forced upon us over the last few decades and the kowtowing to the rich that the government (Labour and National led) do.

      • Colonial Viper 4.3.2

        You ain’t wrong there buddy.

    • Young Blood 4.4

      Jimmie nailed it

  5. Rogue Trooper 5

    “throw another Bill on the barbie”
    http://www.stuff.co.nz/dominion-post/news/politics/8393529/Drought-could-cost-economy-1b
    (two economic commentators in The Dominion this week, Brian and Lyon; this economy is charcoal).

  6. Lanthanide 6

    It’s a pity the referendum still hasn’t been held. If it had been, the Left would have a good basis as to why it would run with this policy.

    At the moment, running this policy would get the left tarred as “sore losers” by National, and probably lots of other good sound-bites that the public lap up and the media would repeat ad-nauseum.

    So I guess they could couch it in those terms: if 67% or more of people reject asset sales in the referendum, then they will run with this policy. This would give everyone a reason to vote in the referendum, increasing the turn out and giving National a hard time in ignoring it, while also tanking the share price in the short term.

    • Lanthanide 6.1

      An interesting quirk in this is that National might try to argue that the referendum was just about whether you agreed with asset sales or not and not whether the Left should implement this policy. But that would directly mirror the election that National like to claim as a “mandate” for why they should sell assets.

  7. Poission 7

    The problematic issue is that the entrenched oligopolies,are using book accounting to force (upwards ) the price returns ie ROI.

    This is the return not on that actual investment, but on the revalued assets returns a problematic area in natural monopolies such has airports,hydro stations etc.

    Here the monopolies such as airports get to screw the consumers and users, and use their investment diversification to not pay tax for example wellington airport has not paid any tax since 2007.

    Here is a good example for an assets tax

  8. RedBaron 8

    Well I think future governments should look at some bankster tricks.

    Firstly – indicate that there is an intent to take power back into full government ownership
    Then when the time comes:
    Issue perpetual bonds to the shareholders secured against the power company – make them totally subordinated so that any paying them back goes to the total end of the queue – just as shareholders are. Also means that you are not issuing govt stock.

    Make repayment conditional on all other debt having been repayed first
    Make the interest rate tied to the profit of the current year or the average of the previous six years whichever is the lessor. Leaves a ticking time bomb should a government be voted out.

    Drop the power prices and make no profit , therefore value of bonds drop substantially.

    Plan A Buy the bonds back – the nice approach at least a holder gets some money.

    Plan B Borrow up large from banks against the remaining assets, give money to the government by way of dividend. Then strip the assets out of the company paying back the banks as this is done. Leave for a bit then wind up the company and oh shucks sorry nothing left for the bondholders. Pleanty of templates for this.

  9. erentz 9

    Once sold I don’t think it will make sense to buy back. The focus first and foremost has to be on preventing sales and winning next year. If labour/greens don’t win next year NZ its all moot because there wont be much of a country worth saving after a third national term. If they do win and we get away with national only selling MRP before the next election I will be happy. The course of action to take then is merge the remaining generation assets. Start regulating the market more strictly. And not buy back the existing generators, but instead build new generating assets. The government generators will be able to out-compete the private ones, overtime it’s share of the generating capacity will increase and the private generators will be marinalised and less able to control the market (which we will have more tightly regulated anyway). In the future we can consider picking the bones off the private generators. Fleece them for their good assets like the dams.

    • Murray Olsen 9.1

      An interesting idea, but can new generating stations be built without significant environmental damage? I suspect that the dams already in existence are in the most efficient places, and other generating methods are still not totally mature. It’d be great if a government could build solar or wind generating capacity and undercut the present companies, but I don’t think we have the technology yet.

      • Draco T Bastard 9.1.1

        An interesting idea, but can new generating stations be built without significant environmental damage?

        Wind power situated offshore. They’re built in existing infrastructure on land and then floated out to location. Environmental damage will be minimal and, on top of that, the area where they’re placed will act as an artificial reef and thus a breeding ground for fish. One that can’t be fished because trawlers and submarine cables just don’t mix.

        It’d be great if a government could build solar or wind generating capacity and undercut the present companies, but I don’t think we have the technology yet.

        I really don’t think that’s a problem

        • infused 9.1.1.1

          Wind power doesn’t work.

          Dams are expensive and fuck the environment.

          • millsy 9.1.1.1.1

            Thought you enjoyed fucking the environment, infused.

          • The Al1en 9.1.1.1.2

            “Wind power doesn’t work.”

            Don’t be stupid, of course it works.
            The only objection are from nimbys like that ex rugby head from the south island and retards.

            Give me a thousand wind turbines over a coal fired or nuke power station any day.

            • Draco T Bastard 9.1.1.1.2.1

              And considering that I said to build them offshore even nimbyism doesn’t apply (although I’m sure that some of the fishing fleets will complain).

          • Draco T Bastard 9.1.1.1.3

            Wind power doesn’t work.

            [citation needed]

            • Colonial Viper 9.1.1.1.3.1

              Given that wind power provides NZ with roughly 170,000 MWhrs of electricity a month, infused has a weird concept of “doesn’t work”

    • AsleepWhileWalking 9.2

      I so want that to be the reality…but since when could SOE’s successfully outperform private interests?

      The best outcome will always be if it were never sold in the first place.

      Good to see Mai Chen talk about there possibly being more challenges to asset sales http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10869635

      If, in putting the next SOE on the block, whether Genesis or Meridian Energy, the Crown confuses the specific approval with its general obligations, and fails to properly consult or otherwise have regard to Treaty principles in each particular case, then there is a real risk of each of the further share offers being open to similar challenges. This is particularly so if the next SOE had significantly different interests from Mighty River Power and the Crown’s promises regarding water reform do not apply. Hopefully, that analysis is being done now for Genesis and Meridian Energy.

      • Draco T Bastard 9.2.1

        I so want that to be the reality…but since when could SOE’s successfully outperform private interests?

        Since forever. It’s only an hypothesis that private does better and one that’s not backed up by the evidence.

          • Colonial Viper 9.2.1.1.1

            I dunno, was the USSR an SOE of some kind?

          • Draco T Bastard 9.2.1.1.2

            No. Totalitarian states generally do badly because of the amount of graft and nepotism. Exactly with what’s wrong with dictatorial entities such as a capitalist business.

          • Poission 9.2.1.1.3

            Following privatization of strategic assets such as energy Russia went broke,following renationalisation of majority stakes,the strategic energy assets have allowed Russia to become the least indebted of the G8 nations.

            • Colonial Viper 9.2.1.1.3.1

              Funny how stopping foreign owned wealth pumps sucking a country dry can be helpful for the economy.

              have allowed Russia to become the least indebted of the G8 nations.

              Russia is also 4th in the world in terms of foreign currency reserves: over half a trillion USD worth.

              Putin’s nationalisation of oil assets has also allowed Russia to acquire an additional 570 tonnes of gold reserves in the last 14 years.

              • Poission

                It would be interesting to find out what difference to the NZ economy there would have been if a lesser portion of the nz super fund had been used in portfolios and the investment had been into Kiwibank

                • Colonial Viper

                  Yep. And it wouldn’t take much to bring tens of thousands of very talented Kiwis with global networks and international experience back home to work on it.

            • Draco T Bastard 9.2.1.1.3.2

              And NZ didn’t do much better:

              Impact on debt (assuming 6% cumulative interest on government debt) ( nominal millions)
              Net increase in debt: 25557

              Losing ~$25b isn’t doing the country any favours.

          • millsy 9.2.1.1.4

            I get tired of the right constantly using the USSR as a stick to beat the left with. Especially seeing as a) the left (except perhaps for John Minto and Hone H) have never advocated whole sale nationalization and b) Western capitalist nations have had a very high level of public ownership of utilities (Google “Tennesee Valley Authority” and “LA Water and Power” and “US Army Corps of Engineers”).

            • Colonial Viper 9.2.1.1.4.1

              Bank of North Dakota

            • Draco T Bastard 9.2.1.1.4.2

              It shows their ignorance in numerous ways:
              1.) The USSR wasn’t communist but totalitarian and run on a hierarchical model which benefitted a few and thus is closely related to capitalism
              2.) Most of the great achievements by the “capitalist” countries such as landing on the moon was done by government and not private enterprise
              3.) The environmental damage done in the “communist” countries is pretty much the same as that done in the capitalist ones and for the same reason – unaccountable management looking for a cheap way to get rid of the waste.

              • Draco T Bastard

                3a.) Unaccountable management looking for a cheap way to get at resources.

  10. Nick K 10

    I am just trying to recall the percentage amount power prices rose in the 9 years of Helengrad…..70% I think. And I’m also trying to recall how much in dividends Michael Cullen banked from excessive profits of said state owned companies during the same period…..> $1Billion I think.

    • saarbo 10.1

      Yes, Cullen, Helen and Hodgson were comfortable letting Max Bradfords screwy market based electricity model lead to increases in electricity prices. In the early 2000’s when there were droughts in the south island we saw wholesale electricity prices at times increase by 1000%.

      If low lake levels are combined with a maintenance shut on particular power stations, wholesale prices can rocket, it was bloody difficult to understand how electricity prices were determined….their didnt seem to be any logic.

      But this isnt going to change if these assets are sold, in fact it will make the situation a lot worse as the government wont have the power to fix the pricing issues.

      I agree with CV on comment 2, Labour need to show some courage and announce a brave policy to buy back any shares in electricity companies (at cost). Make the announcement now.

      • Lanthanide 10.1.1

        “But this isnt going to change if these assets are sold, in fact it will make the situation a lot worse as the government wont have the power to fix the pricing issues.”

        Not really. As 51% owner, the government can still ‘call the shots’ if they want to. Or they can just legislate, which would equally affect all power businesses including the already privitised ones.

        • Colonial Viper 10.1.1.1

          Except for the part where the National Government has reassured investors that it will be a ‘silent’ partner ceeding effective control of the Board to the minority shareholders.

    • Colonial Viper 10.2

      9 years of Helengrad

      As opposed to 5 years Keystone Cops?

  11. Dv 11

    Interesting comments by Bernard Hickey

    http://www.nzherald.co.nz/opinion/news/article.cfm?c_id=466&objectid=10870242

    He compares the ‘whiff of greed and intoxication’ to the 1986 share market frenzy

    He is also critical of the use of Forsyth Barr in light of their ‘misleading and deceptive’ marketing of the Credit Sailles scam.

    He makes the point that if the Mixed Ownership model is to win back the confidence of older generation then Govt should remove Forsyth Barr and Neil Parvour-Smith should resign as a director of the NZX.

    ADD to the relevation that Mighty River has a loss making investment in Chile

    Mighty River admits risk
    http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10870276

    ADD that the principals of MR are playing silly buggers with the select committee.

    AND there is a bunch of fine print on the bottom of the MR add that I cant read.

    Feels like a scam??

    • Draco T Bastard 11.1

      It’s always been a scam. Privatisation always leaves the community worse off.

    • Nick K 11.2

      Good articles. All grist for the informed choice mill. Many of those who have pre-registered won’t but any.

    • Poission 11.3

      Partying like it is 2006 or 1986 or 1999 will just give us another hangover.

      Hmm abit of Kipling perhaps

      Then the Gods of the Market tumbled, and their smooth-tongued wizards withdrew
      And the hearts of the meanest were humbled and began to believe it was true
      That All is not Gold that Glitters, and Two and Two make Four
      And the Gods of the Copybook Headings limped up to explain it once more.

      As it will be in the future, it was at the birth of Man
      There are only four things certain since Social Progress began.
      That the Dog returns to his Vomit and the Sow returns to her Mire,
      And the burnt Fool’s bandaged finger goes wabbling back to the Fire;

  12. RedBaronCV 12

    Anybody investing should also remember how efficent private companies are at getting rid of customers.
    The row over directors fees at Contact Energy cost it some 47,000 customers who voted with their feet.

  13. I think Shearer’s failure to pick up the challenge to buy back MRP at cost tells us where he and the current Caucus majority will go.
    He’s more interested in sucking up to the mum and dad gold diggers who are flocking to clip the ticked of monopoly profits.
    This is like queue jumpers who abandon any social ethics to put No 1 first. It reminds me of the Holland Govt selling state housing to tout private property ownership to Labour voters.
    He is saying its better for Labour to appeal to greedy parasites who want to get windfall profits from undervalued monopolies in renewable energy at the expense of consumers and the sustainability of the economy than to put up a fight for public ownership.
    These assets only exist because the state build them. The private sector has benefited from generations of cheap energy. Not content with that it wants to strip the life out of them.
    A Labour Govt that cannot take a stand on this if fucked. Better it didnt exist and cleared the decks now for a new workers party that makes no bones about ‘taking’ MRP back.
    If Shearer can’t see that this is a ‘make or break’ principle for the left then he’s ideologically right by default and the sooner he is made to resign and go back to pimping mercenaries in Africa the better.

    • RedBaronCV 13.1

      I agree Red Rattler. The dead silence from Labour is demoralising. I know that the Nacts are going to leave nothing in the purse to spend and massive borrowings for the next government.

      Still a buy back is possible if shares are changed for totally subordinated debt issued by MRP.Any interest or retiring of that debt would only be after everything else had been paid – tough if that is worthless.

      • Colonial Viper 13.1.1

        I know that the Nacts are going to leave nothing in the purse to spend and massive borrowings for the next government.

        Then expect Labour, after winning, to come out with a rather orthodox “socially balanced and fiscally responsible” budget in 2015 i.e. austerity light.

    • Colonial Viper 13.2

      Yes, Labour is a centrist party, sympathetic to free market approaches and leaning towards the upper middle class.

      nb in terms of future options, it can’t just be a new “workers” party ie it must represent and mobilise the underclasses and otherwise disenfranchised, but you know this. I just raise it for clarity.

  14. Wayne 14

    Labour is not the Alliance, which many of the posters on this site used to be members or supporters of. The inheritors of the Alliance in Parliament today are the Greens. From what I can see that is where most posters on this site are more ideologically attuned to.

    So you are wasting your time if you think you can change Labour to be the equivalent of the Alliance.

    The Labour Caucus did not choose David Shearer to be the inheritor of Jim Anderton’s mantle, so stop wasting your time railing against Labour not being left enough. There is another Party in Parliament that meets this need.

    By the way as Gaynor’s article in the Saturday Herald showed, Labor in Queensland sold a partial stake in Queensland Rail, so MOM seems to sit OK with many Labor Govts.

    The left has now lost this debate, even if the referendum goes through. Better to focus on things that could be future policy. For instance what about a more creative approach for the Super Fund to drive new economic initiatives for New Zealand. And no, using it to buy back the MOM investors does not count. That will not create nothing new.

    • Colonial Viper 14.1

      “Labour is not the Alliance”

      Labour never was the Alliance, and currently it’s not Labour either.

      Wow Labor Queensland ignored not only their own election policies, but also massive union and popular opinion against selling state assets and you see that as some kind of justification?

      All you are pointing out is that Labour has lost it’s historical mandate and mission, and is now a centrist party sympathetic to free market approaches, and leaning towards the interests of the upper middle class.

    • millsy 14.2

      So you thnk Labour should be ‘National-lite’ then?

      I dont know about you, but I reckon that’s bullshit.

      And the Labor parties in Aus stopped being left about 20-30 years ago.

    • Colonial Viper 14.3

      a more creative approach for the Super Fund to drive new economic initiatives for New Zealand. And no, using it to buy back the MOM investors does not count. That will not create nothing new.

      But that’s not the point is it? The Govt (not the super fund) reacquiring the shares at cost returns the assets to public ownership.

      IE it nationalises the assets.

      • burt 14.3.1

        Muldoon would have been proud of you CV

        • Colonial Viper 14.3.1.1

          Muldoon built assets

          Key is selling them off for cheap as chips.

          No similarities there.

          • burt 14.3.1.1.1

            Nationalise, regulate, confiscate… You’re political compass is perfectly aligned with the socialist (dictatorship) of lefty Muldoon.

            • Colonial Viper 14.3.1.1.1.1

              But how else can you reverse asset theft from the nation by privateers?

            • felixviper 14.3.1.1.1.2

              Hi burt. Last time you trotted out this slogan I asked you what Muldoon nationalised.

              You never answered. Care to this time?

    • Draco T Bastard 14.4

      Amazingly enough, I actually agree with Wayne on most of that.

      That will not create nothing new.

      Neither will selling them. In fact, the only thing that selling them does is increase the number of ticket clippers and dead weight loss.

  15. burt 15

    Right people lets be clear: Don’t think about investing your own money in these companies as the only thing that makes them viable is that they over charge…..

    OK, lets have them publically owned using other peoples money so that we don’t need to be concerned that the the only thing that makes them viable is that they over charge ….

    Mega fail James ….

    • Colonial Viper 15.1

      It’s not “other peoples money”…all NZ legal tender is Government authorised. There is no other kind.

      If you followed your reasoning, you have to accept that these power generators were built with many other NZ’ers monies.

      So hands off!!!!

  16. Ad 16

    Any future progressive government after Key’s government will have to figure out that in the whole electricity and infrastructure space, regulators will have more power than shareholders about the direction of companies.

    My current suggestions:
    1. Aggregate remaining public capital:
    -The EQC, ACC, and NZSuper funds into a single fund with specific funding targets and profiles.

    2. Pull scrutiny into power:
    – Shift COMU from Treasury into DPMC, and
    – Enable direct shareholder representation on the Boards of the entities eg Ministers (who are not Energy portfolio holders) can go on Boards.
    – Chairs only appointed by Cabinet as a whole, and must front to Select Committee
    – Minimum % of women and Maori on the Board
    – Must hold full Shareholder meeting for any ‘significant’ asset or share sale

    3. Cap Pay
    – The Majority shareholder says: no bonuses, public sector and SOE CEO’s get no more than a Minister’s salary

    4. Regulate them hard
    – Electricity Commission must hold Board meetings in public and publish minutes
    – Electricity Commission requires all company Asset Management Plans to be supplied for scrutiny, and made public
    – Commission required to rule on any price rice 5% above inflation p.a.

    5. Climate Mitigation
    – All electricity generators must show how they will ameliorate climate change, and be given 5% corporate tax cut for achieving targets.. Could be more dams for irrigation and co-generation, or more wind farms versus thermal, over to them to prove it

    6. Adopt the Greenpeace 100% Renewable Generation target
    – Set annual milestones to achieve it

    None of the above would require buying back any shares at all.

    All would help Labour and Greens govern in a world in which the governing force of the state has been drastically weakened.

    A progressive coalition would need to be a whip-smart investor if that investor is to claw back some of the agency it has lost through asset sales, and form policy now to make the tools to do it.

    • Rogue Trooper 16.1

      some “wish-ful” thinking

    • Colonial Viper 16.2

      Any particular reason why you wouldn’t reacquire shares in the assets, in addition to the above?

      By the way, you don’t even really have to reacquire shares. Just get MRP to issue 1,000,000 new shares p.a. to the government and dilute the sons of bitches down.

      No cost to the tax payer.

      • Ad 16.2.1

        I was trying to think through the kinds of options available to Labour and the Greens since they have largely ruled out buying the shares back. The point is to think about the first Cabinet meeting December 2014: from their published policy prescriptions, what options are left to them.

        Don’t think a responsible majority shareholder would be so stupid as to spite itself let alone its own citizens doing what you proposed.

        • Colonial Viper 16.2.1.1

          Don’t think a responsible majority shareholder would be so stupid as to spite itself let alone its own citizens doing what you proposed.

          How would it spite itself? By degrading the market value and financial rating of the shares?

          That my friend, is the bloody point!!!

          • Ad 16.2.1.1.1

            I can see that you are not thinking fro the point of view of a shareholder but rather as one who wishes to see the capitalist system destroyed. Fair enough, if you are not the Government.

            But neither Labour nor the Greens propose to do that. Why not take us through the steps you see would happen to achieve your goal with MRP, and what the steps the media, rating agencies, stock exchange, and the citizen shareholders might take as a result.

            And then take us through what the Government – made up of who you have in those parties now – would do.

            And then rack that mess up with what I propose, which taken together would do the same thing. At zero cost.

            • Colonial Viper 16.2.1.1.1.1

              But neither Labour nor the Greens propose to do what you suggest either? Note: I’m not trying to “destroy” the capitalist system, I’m merely suggesting the use of common capitalist mechanisms perfected by hostile leveraged buy out firms (like KKR) in the 1980’s and 1990’s.

              But this time, in favour of the government and the citizens, as opposed to on behalf of a corporate raider on hedge fund.

              Remember, the name of the game is to attempt to stop the sales from proceeding.

              And then rack that mess up with what I propose, which taken together would do the same thing. At zero cost.

              No, your method is good, but it won’t stop the privatisation of the assets.

              A lighter method which might achieve the same result would be to harden up, and then announce some of your steps in advance. Pay caps, super profit taxes, and active Government representation on the boards for instance. Making the firms subject to OIA and Select Committee inquiry.

              and what the steps the media, rating agencies, stock exchange, and the citizen shareholders might take as a result.

              Yes, the classes with the most power in our capitalist society are going to push back. Without being too cynical, that might suggest that you are doing something correct.

              • Ad

                Proposing some of my list beforehand was my point: that Government now needs to think like a shareholder rather than as a sovereign government. As we have seen, the corporatised model has enabled Solid Energy to proceed unchecked to its own near-destruction despite 100% public ownership. This model is staying in New Zealand according to every current parliamentary party bar ACT.

                What a new progressive government would want to achieve in its first term is the greatest policy gains for the least political “goodwill” expenditure. So no, I would not recommend anything like Government behaving like a “corporate raider or hedge fund”.

                CV you have to be careful that your solutions are not simply a hard Left mirrored inverse of capitalisms’ creative destruction that got the world into the mess we are in after 2007. And prior crises.

                What the state now needs to get its head into is behaving like the most effective shareholder it can. That means not screwing its own share price and those of its citizen investors.

                I wish it were not so, but renationalistaion is never going to happen. Full sovereignty is gone. As under Labour a generation ago, when those shares are gone they are gone.

                • Colonial Viper

                  Ad, the capitalism model is going to fail in the next 10-15 years regardless of what we do or don’t do. For many many people in the developed world it has already failed. And this will accelerate once we get a renewed round of currency failures and debt defaults.

                  The task this nation has in front of it IMO is to ensure that when it fails, we are buffered from the neo-feudalism and other nasty things which are likely to arise.

                  That means not screwing its own share price and those of its citizen investors.

                  Sure, being a long-time operator in capitalist environments I get what you are saying here.

                  The larger context however is that the only real important thing from those assets is electricity. Not their nominal market cap.

  17. Ed 17

    The court found that there is a legitimate treaty claim relating to loss of rights to be involved in the management of the water being used by Mighty River. It would be unfair for this not to be paid for by all shareholders – if met only by the crown this would be a windfall profit to private shareholders in comparison to the government shareholder. All Labour needs do is indicate that it would look to treaty claims being paid for by any companies involved in gaining profits from management of water . . .

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    Mana | 02-09
  • Local communities critical to Civil Defence
    Labour will focus on empowering New Zealand communities to be resilient in Civil Defence disasters, says Labour’s Civil Defence spokesperson Clare Curran. Announcing Labour’s Civil Defence policy, she says that Labour will work with schools, voluntary agencies and community groups...
    Labour | 02-09
  • Labour looks to long-life passports, gambling harm review
    A return to 10 year passports and a review of gambling laws are highlights of Labour’s Internal Affairs policy released today. “More than 15,000 New Zealanders signed a petition calling on the Government to revert to the 10 year system...
    Labour | 02-09
  • MANA Movement Leadership stands strong behind Internet MANA relationship
    “There is now, and always will be, a range of views about many issues within our movement and members are free to express them, but Georgina’s views on Kim Dotcom are not shared by the MANA Movement leadership or the vast majority...
    Mana | 01-09
  • Rebuilding the New Zealand Defence Force
    A Labour Government will make it a priority to rebuild the capacity of the Defence Force to carry out the tasks expected of it, says Labour’s Defence Spokesperson Phil Goff. Releasing Labour’s Defence Policy today he said the NZDF has...
    Labour | 01-09
  • Election 2014; A Post-mortem; a Wake; and one helluva hang-over
    .   . It would be fair to say that the results for Election 2014 did not go as anticipated. The Left has had a drubbing – and some of it was of our own making. In other aspects, there...
    The Daily Blog | 20-09
  • Voting turnout affected by bad weather?
    . . NZ, Upper Hutt, 20 September –  Cold, wet weather in the Hutt Valley, north of Wellington may be impacting on voter turn-out. A head-count of people visiting the Trentham School Voting Station in Moonshine Rd, Upper Hutt, indicated...
    The Daily Blog | 20-09
  • Final total of advance voting
    And the final total for the advance voting was a staggering 717,579 advance votes against 334,558 in 2011       Tonight, I’ll be watching the TV3 election coverage because I could bare Paul Henry’s smugness one inch more than Mike Hosking’s...
    The Daily Blog | 20-09
  • Vice article on NZ election
    Here is my Vice article on the NZ election....
    The Daily Blog | 19-09
  • The attempt to kill off Internet MANA
    It’s the last day of campaigning today and the long list of those attacking Internet MANA got longer yesterday with Winston Peters backing Labour candidate Kelvin Davis against the MANA Movement’s Hone Harawira. Davis is now supported by Labour, National,...
    The Daily Blog | 19-09
  • A final word on the election – it’s now all up to you
    Brothers & Sisters, the fate of Aotearoa is now all in your hands. We here at the Daily Blog have thrown everything we can at this bloody Government and have spent every waking hour of this campaign trying to highlight...
    The Daily Blog | 19-09
  • I can’t tell what is National Party advert and what is the NZ Herald – ...
    I can’t tell what is National Party advert and what is the NZ Herald – but then again, I never could...
    The Daily Blog | 19-09
  • TVNZ election coverage – white people telling other white people why Nati...
    TVNZ election coverage – white people telling other white people why National Party is great...
    The Daily Blog | 18-09
  • REVIEW: Royals of Kihikihi
    What an absolutely stunning show.  I had to ask twice to check I’d heard right that this is the first staged production for Samuel Christopher, who also played a raw, real, but vulnerable, Wolf Royal, home from London for his...
    The Daily Blog | 18-09
  • 800 Cops to detain 15 ‘terrorists’ – why Australia’s hysterical Isl...
    I’m sorry but I can’t take this current Australian terror threat seriously. 800 cops to detain 15 people and arrest one of them? A week after Abbot decides to send in Australian forces to the cluster fuck of Iraq, suddenly...
    The Daily Blog | 18-09
  • Unbelievable corruption inside Government to attack Kim Dotcom
    The corruption inside this Government just more and more filthy – we now have an ex-Customs Lawyer quitting  after being told to bury information that could embarrass the Government, specifically to do with Kim Dotcom… Curtis Gregorash said he was told...
    The Daily Blog | 18-09
  • Coalition for Better Broadcasting – Everyone Loves A Win-Win That Keeps G...
      Permit me to quote some figures at you… -68% of New Zealanders think political news on television focuses too much on politicians’ personalities and not enough on real issues. This is the key result of a recent UMR survey commissioned by...
    The Daily Blog | 18-09
  • Jeremy Wells’ Mike Hosking rant on Radio Hauraki: Today, another week of ...
    Jeremy Wells’ Mike Hosking rant on Radio Hauraki: Today, another week of being the most in demand broadcaster in the country...
    The Daily Blog | 18-09
  • EXCLUSIVE: Te Tai Tokerau independent poll (44% Hone-27% Kelvin) vs Maori T...
    The Te Tai Tokerau Maori TV poll on Monday this week painted a bleak picture for Internet MANA supporters, and it’s results have been seized upon by Labour, NZ First and even the Maori Party (who seem set once again...
    The Daily Blog | 18-09
  • The time for TPPA weasel words is over
    Almost every day of the election campaign there has been a policy announcement that would potentially run foul of what I understand is currently in the Trans-Pacific Partnership Agreement (TPPA):  more constraints on foreign investment or investors … regulation of...
    The Daily Blog | 18-09
  • MELTDOWN – Maori Party turns on their own Te Tai Tokerau candidate – ag...
    The tensions are building in Te Tai Tokerau with the Maori Party on the verge of meltdown. Days out from the election, the Maori Party Executive has tried to heavy their own Te Tai Tokerau Electoral Committee and their own candidate, Te Hira Paenga,...
    The Daily Blog | 18-09
  • We Can Change this Government
    We Can Change this Government – Mike Treen at the First Union stop work election meeting...
    The Daily Blog | 18-09
  • Election 2014: For and Against
    With the general election tomorrow, we have had a very noisy campaign but little sign that the electorate wishes for a fundamental change of governmental direction. This reflects in part the fact that the economic cycle is close to its decadal...
    The Daily Blog | 18-09
  • Eye To Eye Uploaded: Martyn ‘Bomber’ Bradbury
    This interview was filmed a couple of weeks ago between Willie Jackson and myself, I was a tad off with my prediction of NZ First....
    The Daily Blog | 18-09
  • The Donghua Liu Affair – The Players Revealed
      . . – Special investigation by Frank Macskasy & ‘Hercules‘ Speculation that the Beehive office of Immigration Minister, Michael Woodhouse, was behind the release of a letter linking Labour leader, David Cunliffe, with controversial Chinese businessman, Donghua Liu, is...
    The Daily Blog | 18-09
  • As if you needed another reason to boycott Telecom/Spark – they sold NZ d...
    It should read ‘never stop spying’. As if you needed another reason to boycott Telecom/Spark – they sold us down the river to the US by allowing the Southern Cross cable to be tapped… The ability for US intelligence agencies...
    The Daily Blog | 18-09
  • The NZ First-Labour Party attack strategy against Internet MANA better work
    The final days of the campaign are ticking down and Labour and NZ First are manoeuvring to kill off the Internet MANA Party by both backing Kelvin Davis for Te Tai Tokerau. It’s a risky gambit that they better pray to Christ...
    The Daily Blog | 18-09
  • Bill English’s latest insult to beneficiaries – apparently they are lik...
    National’s hatred towards the poor continues unabated as National desperately try to throw raw meat to their reactionary voter base in the hope to inspire enough hate and loathing to win back their redneck voters from the Conservative Party and from...
    The Daily Blog | 18-09
  • Eminem ain’t happy with John Key
    Eminem ain’t happy with John Key...
    The Daily Blog | 18-09
  • Key claims he did not inhale
    Key claims he did not inhale...
    The Daily Blog | 18-09
  • Final prediction on election result 2014
    What an election campaign. The character assassination of David Cunliffe kicked things off with the Herald on Sunday falsely claiming $100 00 bottles of wine, $15 000 books and $150 000 in donations  from a donor that turned out to be...
    The Daily Blog | 18-09
  • Live blog: Bainamarama takes commanding lead in Fiji elections
      Interview with Repúblika editor Ricardo Morris and Pacific Scoop’s Mads Anneberg. PACIFIC SCOOP TEAM By Ricardo Morris, Mads Anneberg, Alistar Kata and Biutoka Kacimaiwai in Suva WHILE the results are provisional at this stage, it is clear today that...
    The Daily Blog | 17-09
  • 5AA Australia: NZ Elections Two Days To Go! + Edward Snowden + Julian Assan...
    Recorded live on 18/09/14 – Captured Live on Ustream at http://www.ustream.tv/channel/multimedia-investments-ltd 5AA Australia’s Peter Godfrey and Selwyn Manning deliver their weekly bulletin: Across The Ditch. This week, they discuss the latest news as New Zealanders go to the polls on...
    The Daily Blog | 17-09
  • What has Colin Craig done for his Press Secretary to quit 2 days before ele...
    This is VERY strange.  Colin Craig’s Press Secretary Rachel McGregor, has quit 2 days before the election, allegedly telling ZB that Colin Craig was a “very manipulative man”. I’ve met Rachel many times in the past as Colin’s Press Secretary, she is...
    The Daily Blog | 17-09
  • “If you want steak, go to the supermarket and buy steak,” – A brief w...
    “If you want steak, go to the supermarket and buy steak,” said Key in the final leaders debate. Problem of course is that the 250 000 – 285 000 children living in poverty can not afford steak, milk, butter, eggs...
    The Daily Blog | 17-09
  • National’s final bash of beneficiaries before the election
    On cue, whenever National feel threatened, they roll out a little bennie bash just to keep their redneck voter base happy. Nothing like a bit of raw meat policy to keep National voters focused on the evil threat solo parents...
    The Daily Blog | 17-09
  • With All Of This In Mind, I Vote
    This is my last blog before the election and I really just want to speak from the heart. Right now in this country it seems to me that a lot of people consider the “essentials” in life to be simply...
    The Daily Blog | 17-09
  • Left has to vote strategically this election
    The dedication, loyalty, and tribalism of party politics means that sometimes the left lets itself down by not voting strategically. We all want our favoured party to get maximum votes, naturally, but the winner-takes-all approach doesn’t always suit multi-party left...
    The Daily Blog | 17-09
  • Dear NZ – as you enter the polling booth, stand up for your rights
    The last days before a NZ general election are a busy time as politicians make their pitch and party activists prepare to get out the vote. It is sort of weird watching from the distance of Europe the strangest election...
    The Daily Blog | 17-09
  • What is Waihopai, John, if it isn’t a facility for “mass surveillance...
    John Key assured us on RNZ’s Nine to Noon programme yesterday that “In terms of the Fives Eyes data bases… yes New Zealand will contribute some information but not mass wholesale surveillance.” How does this square with the operation of the...
    The Daily Blog | 17-09
  • GUEST BLOG: Catherine Delahunty – Mass Surveillance and the Banality of E...
    Renowned journalist and intellectual Hannah Arendt coined the phrase “the banality of evil” to describe the normalisation of genocide in Nazi Germany. I thought of her phrase when I was listening to Glenn Greenwald and other international whistle-blowers talking about...
    The Daily Blog | 17-09
  • Election. Down. To. The. Wire
    Funny how last week it was John Key winning by 50%, now it’s neck and neck. I have always believed this election would be down to the wire and it is proving so. The flawed landline opinion polls the mainstream...
    The Daily Blog | 17-09
  • 3rd Degree uses Whaleoil for story ideas as if Dirty Politics never happene...
    TV3s 3rd Degrees smear job on Kim Dotcom last night doesn’t bear much repeating. It was pretty pathetic journalism from a team who have brought us some great journalism in the past. It is sad to see 3rd Degree stooping...
    The Daily Blog | 17-09
  • Live blog: Bainimarama takes early lead in Fiji’s election
    Pacific Scoop’s Alistar Kata reports from yesterday’s voting. By Alistar Kata of Pacific Scoop in Suva Prime Minister Voreqe Bainimarama took an early lead in provisional results in the Fiji general election last night. With provisional results from 170 out...
    The Daily Blog | 17-09
  • Has The NSA Constructed The Perfect PPP?
    Former intelligence analyst and whistleblower, Edward Snowden – speaking live to those gathered at the Auckland Town Hall on Monday September 17, 2014. Investigation by Selwyn Manning. THE PRIME MINISTER JOHN KEY’s admission on Wednesday that whistleblower Edward Snowden “may...
    The Daily Blog | 17-09
  • No way – Key admits Snowden is right
    After claiming there was no middle ground. After claiming there was no mass surveillance. After calling Glenn Greenwald a henchman and a loser. After all the mainstream media pundits screamed at Kim’s decision to take his evidence to Parliamentary Privileges...
    The Daily Blog | 17-09
  • Bad luck National
    ...
    The Daily Blog | 16-09
  • The incredible changing John Key story on mass spying – why the Moment of...
    While the mainstream media continue to try and make the Moment of Truth about Kim’s last minute decision to prolong his battle against John Key past the election into the Privileges Committee, the reality is that the Moment of Truth...
    The Daily Blog | 16-09
  • GUEST BLOG: Curwen Rolinson – Themes of the Campaign
    There’s one area of a political campaign that just about everyone, at some point, falls afoul of. The campaign song. I’m not sure quite why it is, but it seems to be almost impossible for political parties to come up...
    The Daily Blog | 16-09
  • GUEST BLOG – Denis Tegg – The NSA slides that prove mass surveillance
    The evidence presented by Glenn Greenwald and Edward Snowden on The Intercept of mass surveillance of New Zealanders by the GCSB is undeniable, and can stand on its own. But when you place this fresh evidence in the context of...
    The Daily Blog | 16-09
  • Ukraine, United Kingdom, Ireland, Scotland
    The Ukrainian civil war discomforts me. It seems to me the most dangerous political crisis since the Cuban missile crisis of 1962. And it’s because of our unwillingness to examine the issues in a holistic way. We innately prefer to...
    The Daily Blog | 16-09
  • John Key’s love affair with a straw man – the relationship intensifies
    John Key’s love affair with the straw man is now a fully-committed relationship. It’s now the first love of his life. Sorry Bronagh. Yesterday I pointed to Key’s constant assurances that there is no mass surveillance of New Zealanders by...
    The Daily Blog | 16-09
  • A brief word on why Wendyl Nissen is a hero
    Wendyl Nissen is a hero. The sleazy black ops attack on her by Slater and Odgers on behalf of Grocery Council chief executive Katherine Rich is sick. All Nissen is doing in her column is point out the filth and...
    The Daily Blog | 16-09
  • She saw John Key on TV and decided to vote!
    . . NZ, Wellington, 15 September – ‘Tina’* is 50, a close friend,  and one of the “Missing Million” from the last election. In fact, ‘Tina’ has never voted in her life.  Not once. In ‘Tina’s’ own words, politics has...
    The Daily Blog | 16-09
  • Eminem sues National Party for unlawful use of ‘Lose yourself’ bhahahah...
    …ahahahahahahahaha. Oh Christ this is hilarious… National Party sued over Eminem copyright infringment US rapper Eminem is suing the National Party for allegedly breaching copyright by using his song Lose Yourself in its campaign advertisements. The Detroit-based publishers of Eminem’s...
    The Daily Blog | 16-09
  • Daily Election Update #12: NZ First to hold balance of power
    Winston Peters’ NZ First Party will hold the balance of power after tomorrow’s election, according to the combined wisdom of the 8000+ registered traders on New Zealand’s predictions market, iPredict. Mr Peters is then expected to back a National-led...
    Scoop politics | 19-09
  • Election Day is Time to Refocus on Policies
    Over the course of this election campaign there has been a lot of focus on dirty politics and spying, and not a lot on policy. With election day looming, Gareth Morgan is calling for people to refocus on the issues....
    Scoop politics | 19-09
  • The Kiwi FM Alternative Election Commentary
    Saturday 20 September from 7pm on 102.2 Auckland, 102.1 Wellington, 102.5 Canterbury, or KiwiFM.co.nz...
    Scoop politics | 19-09
  • Beneficiary Bashing unacceptable
    Kay Brereton of the Beneficiary Advocacy Federation of New Zealand says “ the comment made by Bill English yesterday comparing beneficiaries to crack addicts is shocking and incredibly poorly timed.”...
    Scoop politics | 19-09
  • UN Experience Beneficial
    Acclaim Otago representatives have just completed their participation at the UN Convention on the Rights of Persons with Disability examination of the New Zealand government in Geneva, Switzerland. "It was an interesting two days which we believe has...
    Scoop politics | 19-09
  • Changing face of NZ should be reflected in newsrooms
    With Fairfax Media’s Journalism Intern search closing on Sunday, Race Relations Commissioner Dame Susan Devoy is urging aspiring journalists from Maori, Pacific and ethnic communities to apply. The deadline was recently extended to 10pm, Sunday...
    Scoop politics | 19-09
  • SPCA expresses concern over toxin in waterways
    Ric Odom CEO of Royal NZ SPCA has expressed concern over the toxic poison 1080 entering waterways, but DoC, Council’s and Ministry of Health have colluded to make it legal....
    Scoop politics | 19-09
  • NZ 2014 Election Index – 13-18 September
    Below is iSentia’s final weekly Election Index, covering the period 13-18 September and showing the relative amount of coverage of nine Party Leaders in the lead up to the National Election across news media and social media. The methodology used...
    Scoop politics | 19-09
  • Epsom Candidate (Adam Holland) More Liberal Than ACT
    For the past four years I, like 500,000 other New Zealanders, have been illegally smoking cannabis for medicinal purposes and/or even just for the occasional laugh with friends on the weekend. We don't hurt anybody, we don't cause nuisance, we...
    Scoop politics | 19-09
  • Left Coalition Will Save Dolphins
    A left coalition would safeguard both Māui and Hector’s dolphins, as well as revive our inshore ecosystems. Labour, Internet Mana and the Green Party all have strong policies in place for dolphin protection. The Maori Party, and to a certain...
    Scoop politics | 19-09
  • Waihoroi Shortland: Ngāti Hine is not standing alone
    The Chairman of Te Rūnanga a Iwi o Ngāpuhi, Sonny Tau is blowing smoke worthy of a Dotcom rally with claims that Ngati Hine is standing alone in its opposition to Tūhoronuku says the Chairman of Te Rūnanga o Ngati...
    Scoop politics | 19-09
  • Oceania voices on environment loud and strong
    While money and energy continues to be spent on global talks about climate change, Pacific islanders are scrambling to build sea walls out of sticks, stones, shells and coral, to protect their lands and homes from erosion and rising sea...
    Scoop politics | 19-09
  • Prime Time with Sean Plunket – Tonight
    No MPs tonight --- the campaign will be over at 9 30. Instead we will look back --- and possibly forward on what we have learned and what might happen. Listener Political Columnist Jane Clifton Editor in Chief, NZ Herald,...
    Scoop politics | 19-09
  • Election fails to address youth financial wellbeing
    Young people don’t feel included in New Zealand’s financial success and believe inequality is a problem, according to a new survey conducted by Westpac’s Fin-Ed Centre at Massey University....
    Scoop politics | 19-09
  • Winston’s Waffle doesn’t hide the facts
    The Conservative Party is celebrating the ASA's finding announced today that rejected all but one of the complaints raised against its controversial “Conservatives or Peters” pamphlet. “Despite pages of complaints from Peters legal team the only...
    Scoop politics | 19-09
  • NZ Independent Coalition looking forward to tomorrow
    “Our team is looking forward to tomorrow. It is a real opportunity to reclaim politics for the people,” said NZ Independent Coalition leader Brendan Horan....
    Scoop politics | 19-09
  • Insights Issue 35/2014 – 19 September 2014
    Insights Issue 35/2014 - 19 September 2014 In This Issue • RMA reform the golden unicorn of policy | Jenesa Jeram...
    Scoop politics | 19-09
  • Special voting arrangements made for NIWA crew
    One of the most unusual polling stations for this year’s general election is in the middle of the ocean miles from land. NIWA’s flagship research vessel Tangaroa, has been doubling as a polling booth for crew and scientists at sea....
    Scoop politics | 18-09
  • Tourism operators urged to vote strategically
    Tourism operators should make sure they know their local candidates’ view on tourism and use their vote to support the country’s second largest export industry, says Chris Roberts, Chief Executive, Tourism Industry Association New Zealand (TIA)....
    Scoop politics | 18-09
  • WGTN: March for free education
    We are students, university staff, and members of the community. Whichever parties form a government after September 20th, we are demanding an end to corporatisation of education....
    Scoop politics | 18-09
  • Evidence of Corruption a National Scandal
    Internet Party leader Laila Harré will take evidence of corruption to international forums if there is not a full Royal Commission to investigate the growing evidence of the systematic use and abuse of democratic institutions and processes for political...
    Scoop politics | 18-09
  • Govt continues to throw money at charter school experiment
    Official documents reveal the three primary sector charter schools approved last week will cost $2 million to set up as well as divert another $1.5 million of potential taxpayer investment from local state schools next year....
    Scoop politics | 18-09
  • ACT Final Election Rally
    Elections campaigns are an opportunity for political parties to put candidates and policy to enable voters to choose what sort of New Zealand we want. In this campaign there have been three tests by which you can assess the electoral...
    Scoop politics | 18-09
  • Taxpayers on Hook Again for Solid Energy
    Responding to the Fairfax article that taxpayers are extending another $103 million to keep Solid Energy afloat, Taxpayers’ Union Executive Director Jordan Williams says:...
    Scoop politics | 18-09
  • Invermay Petition Tops 10,000 Signatures
    People across New Zealand continue to express their disgust at the downgrading of Invermay, says Dunedin North MP David Clark, as the Save Invermay petition he instigated earlier this year topped the 10,000 signature mark just days before the 2014...
    Scoop politics | 18-09
  • McVicar vows to continue fight for police
    Garth McVicar stated at a public meeting last week that he would fight to retain a 24/7 Police Station in Napier and no reduction in the number of police staff for the Hawkes Bay region, some said he was simply...
    Scoop politics | 18-09
  • Party Vote Our Weapon in Fight Against Government Corruption
    Internet MANA urges New Zealanders to use their party vote to confront corruption in any new government....
    Scoop politics | 18-09
  • Election day is tomorrow – make sure you’re a part of it!
    Tomorrow, Saturday 20 September, is election day, and New Zealanders’ last chance to have a say on who leads the country for the next three years....
    Scoop politics | 18-09
  • Is the Shape of our Government out of the hands of Voters?
    In the last stuff.co.nz / Ipsos Political Poll before Saturdays election, National is down 5.1% to 47.7% and Labour up 3.7% to 26.15%. These results are remarkably similar to the 2011 election where National received 47.3% of the vote and...
    Scoop politics | 18-09
  • Spirit of Suffrage a Call to Action for All Kiwi Women
    Internet MANA is drawing on the courage and integrity of New Zealand women on Suffrage Day – Friday, September, 19 – to encourage them to pay tribute to the spirit of their foremothers who gained women the vote....
    Scoop politics | 18-09
  • Live Election Night Coverage on TV And Online
    Māori Television’s KOWHIRI 2014 – ELECTION SPECIAL kicks off at 7.00pm this Saturday with a five-hour broadcast focusing on the Māori electorates....
    Scoop politics | 18-09
  • Judge’s Decision Disappoints Fish & Game
    Today’s decision to give a Temuka man 100 hours of community service for selling sports fish to the public has disappointed Fish & Game, which believes the sentence handed down was “too lenient and will not go far enough to...
    Scoop politics | 18-09
  • Cutting-Edge Graphics Fire up TV3’s Election Night Coverage
    TV3’s Election Night coverage, hosted by John Campbell, will be enhanced by cutting-edge graphics that will showcase the night’s results....
    Scoop politics | 18-09
  • Govt rushes to open charter schools in New Year
    The government’s decision to approve four new charter schools last week to open in January next year goes against the Minister of Education’s own advice that the schools ought to have at least a year’s preparation time....
    Scoop politics | 18-09
  • 7 Days And Jono And Ben at Ten Hijack Election Weekend
    The 7 Days and Jono and Ben at Ten (JABAT) comedians are running their own version of election coverage, with a schedule of entertainment and comedy across TV3, Kiwi FM, the web and social media this Friday and Saturday under...
    Scoop politics | 18-09
  • Fewer Prisoners Equals Less Crime
    In its latest blog, ‘Abolishing Parole and other Crazy Stuff’,’ at http://blog.rethinking.org.nz/2014/09/krill-and-womble-independent-policy.html , Rethinking Crime and Punishment urges government to rethink its approach to releasing prisoners. “The public expectation is that the excellent reductions in the crime...
    Scoop politics | 18-09
  • McVicar slams his political opponents
    I want a safe and prosperous society and that can only be achieved if we have strong and vi-brant families – McVicar...
    Scoop politics | 18-09
  • Falling economic growth – wage rises overdue
    “The lower GDP growth in the three months to June is further evidence that growth has peaked. New Zealand’s economy is on the way down to mediocre growth rates,” says CTU economist Bill Rosenberg. “Yet wage rises are still weak...
    Scoop politics | 18-09
  • Get Out and Vote campaign a success
    Tens of thousands of workers from all around New Zealand have embraced the Get Out and Vote campaign and have created their own personalised voting plan, the CTU said today. “With three days of voting left in the 2014 General...
    Scoop politics | 18-09
  • Animal Research Failing – So Do More Animal Research?
    Victoria University of Wellington is about to host a lecture on why the success rates of pharmaceutical development is so low and what can be done about it. The New Zealand Anti-Vivisection Society (NZAVS) welcomes discussion on this important...
    Scoop politics | 18-09
  • ALCP welcomes Prime Minister’s cannabis comments
    Mr Abbott's comments came on the same day as New South Wales and Victoria states announced they would be doing clinical trials of cannabis....
    Scoop politics | 18-09
  • Conservative Party Press Secretary Resignation
    The Conservative Party is given to understand that this morning Press Secretary, Miss Rachel Macgregor resigned althought no formal advice of this has yet been received....
    Scoop politics | 18-09
  • By ACT’s logic, Epsom should vote for Conservative Candidate
    “Polling released late in the campaign shows that ACT is a busted flush and that by ACT’s own logic, centre-right Epsom voters should vote for the Conservative candidate”, says Labour candidate for Epsom Michael Wood....
    Scoop politics | 17-09
  • New online medical system
    Immigration New Zealand (INZ) is seeking registrations of interest for a new onshore panel physician network to support an online immigration health processing system....
    Scoop politics | 17-09
  • Students, You Have a Choice, Vote!
    The New Zealand Union of Students’ Associations (NZUSA) is imploring students to ensure they make their voices heard this election, and join the many thousands who have already heeded the call....
    Scoop politics | 17-09
  • Party vote ACT for three years of stability.
    Voters who are concerned that on the latest polls we may be heading for three years of instability have it in their hands to deliver a decisive result....
    Scoop politics | 17-09
  • Women’s Suffrage Movement – Get Out and Vote!
    Tomorrow, Friday 19th September, MANA Movement Candidate for Waiariki, Annette Sykes, will cast her vote at 12 noon at the Zen’s Building, Rotorua. This will follow a march through Rotorua that will assemble at 10am at City Focus, Rotorua. The...
    Scoop politics | 17-09
  • iPredict Daily Update
    David Cunliffe and Labour have made gains over the last 24 hours, according to the combined wisdom of the 8000+ registered traders on New Zealand’s predictions market, iPredict, but John Key’s National is still strongly expected to lead the next...
    Scoop politics | 17-09
  • Conservative’s Proposal to Abolish Parole Fatally Flawed
    The Conservative Party’s proposal to abolish parole doesn't stack up, however which way you look at it, concludes Kim Workman in Rethinking Crime and Punishment latest blog, ‘Abolishing Parole and Other Crazy Stuff’ at http://blog.rethinking.org.nz/2014/09/krill-and-womble-independent-policy.html...
    Scoop politics | 17-09
  • Special Edition : The letter 18 September 2014
    Dr Jamie Whyte has been giving thoughtful speeches largely unreported. So we thought we would put out an edited version on the speech he gave yesterday. The full speech is on the website....
    Scoop politics | 17-09
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