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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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    Labour | 19-08
  • Public servants behaving with more integrity than their masters
    The State Services Commission's new report on the integrity of our state services reflects the yawning gap between the behaviour of public servants and that of their political masters, Labour's State Services spokesperson Maryan Street says. “This report, which surveyed...
    Labour | 19-08
  • Phil Twyford Speech to NZCID
    "Labour's plan to build more and build better: how new approaches to housing, transport and urban development will deliver cities that work" Phil Twyford, Labour Party spokesperson on housing, transport, Auckland issues, and cities.  ...
    Labour | 19-08
  • Labour commits to independent Foreign Affairs and Trade
    “Labour is committed to New Zealand’s Foreign Affairs and Trade policy being independent and proactive, Labour’s Foreign Affairs spokesperson David Shearer says. “We are a small but respected country. Our voice and actions count in international affairs. Labour will take a...
    Labour | 19-08
  • Key must sack Collins over abhorrent actions
    The latest revelations that Judith Collins sent the contact details of a public servant to WhaleOil in a desperate attempt to divert media attention from a bad story is abhorrent, Labour MP Grant Robertson says. “John Key and Judith Collins...
    Labour | 19-08
  • It’s downhill from here under National
    The forecast drop in exports and predicted halving of growth shows that it’s downhill from here with National, Labour’s Finance spokesperson David Parker says. “Growth under this Government peaked in June and halves to two per cent in coming years....
    Labour | 19-08
  • John Key loses moral compass over Collins
    John Key has lost his moral compass over Judith Collins’ involvement with Cameron Slater and lost touch with New Zealanders’ sense of right and wrong, Labour MP Grant Robertson says. “Whoever is Prime Minister there are expectations they will not...
    Labour | 18-08
  • Mana Movement General Election 2014 List confirmed
    The MANA List is now confirmed with all the candidates as below (the numbers are the respective Internet MANA rankings). Candidate, Electorate, Internet MANA List Position Hone Harawira, Te Tai Tokerau (1) Annette Sykes, Waiariki (3) John Minto, Mt Roskill (4) Te Hamua Nikora, Ikaroa-Rawhiti...
    Mana | 18-08
  • PREFU likely to confirm dropping exports
    National’s economic management will be put under the spotlight in tomorrow’s PREFU given clear signs the so-called rock star economy has fallen off the stage, with plummeting prices for raw commodity exports, Labour’s Finance spokesperson David Parker says. “Under National,...
    Labour | 18-08
  • Record profits while Kiwis face a cold winter
    The record profits by two of New Zealand’s largest electricity companies will be a bitter pill for New Zealand households who are paying record amounts for their power, says Labour’s Energy spokesperson David Shearer. “No doubt the Key government will...
    Labour | 18-08
  • Time for John Key to answer yes or no questions
    John Key’s train-wreck interview on Morning Report shows he is no longer capable of a simple yes or no answer and has lost touch with what’s right and wrong, Labour MP Grant Robertson says. “John Key has become so media...
    Labour | 18-08
  • Key must clarify who signed out SIS OIA
    Yet again John Key is proving incapable of answering a simple question on an extremely important issue – this time who signed off Cameron Slater’s fast-tracked SIS OIA request on Phil Goff, said Labour MP Grant Robertson. “John Key’s claim...
    Labour | 18-08
  • Time to invest in our tertiary education system
    A Labour Government will fully review the student support system – including allowances, loans, accommodation support and scholarships – with a view to increasing access and making the system fair, transparent and sustainable, Labour’s Tertiary Education spokesperson Maryan Street says....
    Labour | 17-08
  • GUEST BLOG: Denis Tegg – When Did We Agree To Our Data Being Shared with ...
    New shocking evidence has emerged from Edward Snowden’s trove of documents about a program called ICREACH under which data collected by the GCSB is shared with 23 US spy agencies. Under new sharing agreements which appear to have commenced immediately after...
    The Daily Blog | 28-08
  • Why Internet MANA are the best political friends the Greens could ever get
    Metiria at last nights #GreenRoomNZ: standing on the shoulders and camera cases of giants  NZers, regardless of political spectrum or apathy level, have a wonderful beach cricket egalitarianism about us. If we can objectively conclude a winner, then that person...
    The Daily Blog | 28-08
  • Sick of the Sleaze? Protest against National’s dirty politics THIS SATURD...
    Sick of the Sleaze? Protest now dammit! Three weeks before the election, action is being taken across the country voicing a rejection of the National Government’s track record and direction. Rallies are being held in Auckland, Wellington, Christchurch and Dunedin...
    The Daily Blog | 28-08
  • GUEST BLOG: Sir Edmund Thomas – Address at Nicky Hager public meeting
    I regard it as privilege to chair this public meeting. I have long had the greatest admiration for Nicky Hager’s work, and nothing I have read or heard in the media over the past week or so has caused me...
    The Daily Blog | 28-08
  • Labour and New Zealand Superannuation
    The kerfuffle in the wake of Nicky Hager’s Dirty Politics has had a detrimental impact on our discussion of economic policies. Signs are that the main beneficiaries of the dirty politics revelations will be Winston Peters and Colin Craig; certainly National suffered...
    The Daily Blog | 28-08
  • Coalition for Better Broadcasting – Mike Hosking and the Leader’s Debat...
    A few weeks ago I blogged that Mike Hosking was a terrible choice as moderator for the TV One Party Leader’s Debate, because he is so embarrassingly biased in favour of John Key. So I watched the show with curiosity,...
    The Daily Blog | 28-08
  • Democracy and Cancer: A critical analysis of Dirty Politics
    Twenty years ago, England’s renowned television playwright Denis Potter died of pancreatic cancer.  Readers may recall his two masterpieces ‘Pennies from Heaven’ and ‘The Singing Detective’.  During a final television interview with Melvyn Bragg, Potter declared that he had named...
    The Daily Blog | 28-08
  • Cunliffe beats Key in First Leaders debate
    I watched the First Leaders debate at the Green Party #GreenRoomNZ, they were very kind to include me and the atmosphere was great. The debate was a resounding victory to Cunliffe. He won Round 1, Round 2, Round 3 and...
    The Daily Blog | 28-08
  • LIVE STREAM: The Green Room Leader’s Debate from 6:30pm
    The Green Room will be hosted by media commentator Russel Brown, and will feature Green Co-leaders Metiria Turei and Russel Norman responding to the debate live, along with comment from thought leaders and commentators. ‘The Green Room’ 6pm – 8.30pm...
    The Daily Blog | 28-08
  • How many taxpayer funded staff does John Key need to prepare for a Leaders ...
    John Key is currently at the Auckland Stamford Plaza with 40 staff, 4 undercover police cars and an entire floor booked out in preparation for tonights Leader’s debate. Isn’t 40 staff including coms, flown up to Auckland for a debate...
    The Daily Blog | 28-08
  • A brief word on National Party Rodney MP, Mark Mitchell
    MP considers legal action against Nicky HagerThe National MP says he is considering taking a defamation case after the September 20 election.“Someone needs to be held accountable,” he said. Oh really champ? Brothers and sisters, there is a long way...
    The Daily Blog | 28-08
  • Greens advertise on Whaleoil – but not on The Daily Blog?
    PaknSave have shown ethical compass and blocked adverts on Whaleoil, yet the Greens are advertising on Whaleoil, and not The Daily Blog? I would imagine there are far more potential Green voters on The Daily Blog then ever are on...
    The Daily Blog | 28-08
  • It’s about the stupid economy stupid
    In focus group meetings, the sleepy hobbits of NZ by a staggering amount all believe that National are better economic stewards of the country than Labour, that’s why, instead of answering questions about blackmailing MPs, trawling brothels for dirt on...
    The Daily Blog | 28-08
  • Labour Policy vs National Policy
    John Key’s favourite defence spin at the moment is people want to talk about policy and not hear answers on the ethics of trawling brothels, why Slater was given SIS information, blackmailing MPs into standing down, rigging candidate elections and hacking...
    The Daily Blog | 28-08
  • The Green Room live streamed on TDB 6.30pm tonight for First Leaders debate
    The ‘Green Room’ will stream 6.pm tonight on The Daily Blog during the TV One leaders’ debate.Use #GreenRoomNZ to join in. The Green Room will be hosted by media commentator Russel Brown, and will feature Green Co-leaders Metiria Turei and Russel Norman responding...
    The Daily Blog | 27-08
  • Manukau East – the next Coalition in action
    A couple of weeks ago I had the pleasure of opening Voice Up – a youth forum run by young people in Otara. I had been asked as Chair of the Local Board to set the scene, encouraging young people...
    The Daily Blog | 27-08
  • GUEST BLOG: Kelly Ellis – The Big Bang Theory
    It’s a shame that it took a brain injury for me to start seeing things with such startling clarity. The realisation that lawyering, fishing, parenting, selling cars and racing yachts had common themes was stunning. Not perhaps as stunning as...
    The Daily Blog | 27-08
  • Jeremy Wells’ Mike Hosking rant on Radio Hauraki: Today, how much Key aro...
    Jeremy Wells’ Mike Hosking on Radio Hauraki...
    The Daily Blog | 27-08
  • 5AA Australia – New Zealand’s Dirty Politics Aftermath and Polls
    MIL OSI – Source: Selwyn Manning – Analysis Headline: 5AA Australia – New Zealand’s Dirty Politics Aftermath and Polls 5AA Australia: On this week’s Across the Ditch bulletin on 5AA Australia, host Peter Godfery and Selwyn Manning discuss the aftermath...
    The Daily Blog | 27-08
  • La’o Hamutuk calls for inquiry into Timor GAP ‘mismanagement’ of oil ...
    The Suai project on the South Coast … “liberated” land but confused communities.Photo: La’o Hamutuk David Robie also blogs at Café Pacific. AN INDEPENDENT Timor-Leste development and social justice agency has called for an inquiry into the Timor GAP corporation...
    The Daily Blog | 27-08
  • What Is Nicky Hager?
    WHAT WILL HISTORY MAKE of Nicky Hager? That slight, perpetually boyish, journalist who descends periodically, like the admonishing angel in a medieval mystery play, to trouble our consciences and wreak merry havoc with the orderly conduct of our political affairs....
    The Daily Blog | 27-08
  • Can anyone in msm explain how after Dirty Politics that they all got played...
    Would you not think, that after reading Dirty Politics, that our mainstream media wouldn’t allow themselves to get tricked and played again by the VERY SAME discredited pundits? The best new feature on Radio NZ is their ‘Blog Watch’ and their...
    The Daily Blog | 27-08
  • Crusher Collins caught out lying about Privacy Commissioner – is this her...
    Crusher angry. Crusher smash own career. Crusher more angry. You would think that after getting outed as such a nasty, vicious piece of work in Dirty Politics, that Crusher would be scrambling to dial back the lies and manipulations. Apparently...
    The Daily Blog | 27-08
  • Cunliffe vs Key – first leaders debate
    This is your election ‘moderator’ – just one more reason an incoming Government need to sack everyone at TVNZ and reform it into an actual public broadcaster. The first leaders debate happens this Thursday, 7pm on TV One. I have...
    The Daily Blog | 26-08
  • GUEST BLOG: Kate Davis – An Old and Honourable Profession
      When Dirty Politics started to reference an ex-prostitute I began to get antsy. My first response was “come on Nicky, we decriminalised in 2003. Its sex worker.” My second response was “Ah oh. Who was it and did they...
    The Daily Blog | 26-08
  • Bought and paid for: the dirty politics of climate denial
    Has climate denial in New Zealand been bought and paid for by corporate interests? We already know that the ACT Party’s routine denial is closely linked to the financial support the party receives from wealthy free market fundamentalist Alan Gibbs,...
    The Daily Blog | 26-08
  • If the msm read The Daily Blog, THIS wouldn’t be a surprise – explainin...
    Yawn. How embarrassing for Hamish Rutherford and Andrea Vance, their breathless article today suggests that the idea of Labour and NZ First cutting a  deal over the buy back of assets  is some how new news. Silly mainstream media  journalists. If...
    The Daily Blog | 26-08
  • How much tax does John Key pay compared to a minimum wage worker??
    Yesterday I did some calculations to find out what tax John Key pays compared to a worker on the minimum wage. And I put out this media release for the Mana Movement: MANA Movement Economic Justice spokesperson John Minto is...
    The Daily Blog | 26-08
  • Hip hop death threats – the selective outrage of our media
    PM death threat in hip hop songAn Auckland hip-hop crew slammed for releasing a song with lyrics that apparently include a threat to kill Prime Minister John Key are urging young people to enrol to vote. Kill The PM, by...
    The Daily Blog | 26-08
  • Watch Slater turn into Key right before your eyes
    Watch Slater turn into Key right before your eyes...
    The Daily Blog | 26-08
  • I don’t always agree with Patrick Gower – but he didn’t deserve this!
    I don’t always agree with Patrick Gower – but he didn’t deserve this weird spear tackle from behind by his own company. I was listening to this interview at the time, and the awkwardness of it must be the worst...
    The Daily Blog | 26-08
  • Is it weird Radio NZ ban me yet still have….
    Is it weird Radio NZ ban me for life because I criticised the Prime Minister yet still have Matthew Hooton, David Farrar and Jordan Williams, 3 of the main protagonists revealed in Dirty Politics as part of their ongoing political...
    The Daily Blog | 25-08
  • Christchurch GCSB meeting – why mass surveillance matters in 2014
    This is the video for last weeks GCSB meeting in Christchurch. Don’t forget Nicky Hager’s public meeting Wednesday night in Auckland, TDB will live stream the event in the interests of our democracy. Broadcast starts 7.30pm here on TDB....
    The Daily Blog | 25-08
  • Assange, Greenwald to appear at Town Hall meeting? + KDC is not the hacker ...
    Wikileaks founder and the engineer of revealing some of the largest abuses of power in the modern era, Julian Assange, is rumoured to be appearing at the September 15th Town Hall meeting. Assange would join award winning investigative journalist Glen...
    The Daily Blog | 25-08
  • Why Paula Bennett will be the next leader and Hooton throws the Prime Minis...
    I don’t think the public have any idea of the behind the scenes meltdown now occurring within National. There are plenty of decent right wingers who all have ethical standards who have looked at what their leaders have been doing and...
    The Daily Blog | 25-08
  • GUEST BLOG: Curwen Rolinson – That Awkward Feeling When Your Campaign Goe...
    Urgh. It’s a thankless and nearly impossible task politically firefighting some days. Somebody (who isn’t you, but who’s in your care, or whom you’ve got a close professional relationship with) does or says something stupid; somebody from the Media’s there...
    The Daily Blog | 25-08
  • GUEST BLOG: Joe Trinder – Dirty politics goes viral
    Join the latest social networking craze this election that every Dog Cat and Jabba is putting on their facebook pages.     Joe Trinder – Ngāti Awa Born and born in Ōtepoti Ōtākou, Ex RNZN he is an Information Technology...
    The Daily Blog | 25-08
  • Blogwatch: An open letter to David Farrar: Please, be that guy
    Dear David, In light of  Nicky Hager’s book Dirty Politics, you wrote a blog entitled ‘Some changes on Kiwiblog’ and you suggested it was time to tighten up ship on your website, saying “I want to improve trust in myself,...
    The Daily Blog | 25-08
  • What The Hell Was That! Reflections on the media’s coverage of the Intern...
    WHAT, EXACTLY, DO WE KNOW about the confrontation outside Internet-Mana’s campaign launch? Well, we know the news media was there in force. We also know Internet-Mana’s media person, Pam Corkery, blew her stack. We know that Corkery’s outburst led the...
    The Daily Blog | 25-08
  • NZ First candidate – homophobic, bennie bashing anti-intellectual clown
    Oh God, apart from Ron Mark, Tracey Martin, Curwen Rolinson and Winston before midday, the woeful cavalcade of political circus freaks NZ First seem to attract has picked up another hitchhiker. This time Epsom candidate Cliff Lyon who said this about Labour… “If...
    The Daily Blog | 25-08
  • Nicky Hager Public Meeting LIVESTREAM on The Daily Blog 7.30pm Wednesday 27...
    As part of our commitment to the 2014 Election debate, The Daily Blog will Livestream the Nicky Hager public meeting in Auckland, 7.30pm live from the Mt Eden War Memorial this Wednesday on this site. Doors open at 7pm. It...
    The Daily Blog | 25-08
  • GUEST BLOG: Curwen Rolinson – Opening Night. It’s like an opera!
    On Saturday night just gone, we collectively experienced one of the premier panegyrys of political pageantry in our three yearly electoral cycle. For one glorious weekend evening every three years, it’s not the All Blacks or some Super 14 team, or...
    The Daily Blog | 25-08
  • Jeremy Wells’ Mike Hosking rant on Radio Hauraki: Today, Unions – what ...
    Jeremy Wells’ Mike Hosking on Radio Hauraki...
    The Daily Blog | 25-08
  • Timor-Leste’s Parliament handed ‘humiliating’ defeat over harsh media...
    East Timorese journalists raise their hands to approve the Timor-Leste JournalistCode of Ethics in October 2013. Photo: Tempo Semanal/Cafe Pacific   David Robie also blogs at Café Pacific. PACIFIC SCOOP reported this week that East Timor’s Appeal Court had scrapped...
    The Daily Blog | 24-08
  • THIS is why we need a public broadcaster!
    The richest 20% of us in NZ own 70% of the wealth, with 18% in the hands of the second richest quintile, and 10% in the hands of the middle quintile. Just 2 per cent was owned by people in...
    The Daily Blog | 24-08
  • A vote for Key is a vote for this
    A vote for Key is a vote for this...
    The Daily Blog | 24-08
  • Why the Secret Intelligence Service feeding Cameron Slater information is s...
    Folks, it doesn’t matter if you are Right or Left, the issue of the Secret Intelligence Service being forced to feed a far right hate speech merchant like Cameron Slater with sensitive information is an ‘us’ issue. The SIS are...
    The Daily Blog | 24-08
  • How lost and irrelevant are ACT?
    So ACT had it’s ‘launch’. Well, what passes as an ACT launch these days. Lot’s of anorak’s with that 1000 yard star and dreams of a Milton Friedman Free Market dancing behind their eyelids all crammed into a room small...
    The Daily Blog | 24-08
  • National Party rowing advert aimed at Gen Xers
    Unkind wags such as myself would suggest that if the above were a real representation of National, it would look more like this…   National know they have the rural mob and the angry provincial vote locked in, with their...
    The Daily Blog | 24-08
  • National Housing propaganda – McGehan Close Revisited
    .   . Housing has become a major, defining issue in New Zealand. We have critical shortages and escalating prices in  in the main centres and falling house values in the regions. The National government has addressed the supply &...
    The Daily Blog | 24-08
  • New Zealand’s biggest problems are Economic Issues
    New Zealand’s biggest problems are Economic Issues (41%) while the World’s most important problems are War & Terrorism (35%) just three weeks before NZ Election...
    Scoop politics | 29-08
  • NZ 2014 Leaders Index – week ending 29 August
    Below is iSentia’s first weekly Leaders’ Index, showing the relative amount of coverage of nine Party Leaders in the lead up to the National Election across news media and social media. We will produce these reports for the next three...
    Scoop politics | 29-08
  • Judgment in Paki v Attorney General
    Tamaiti Cairns said that today’s Supreme Court decision is complicated, but, in essence opens the door for Maori people to go forward with their essential claims to water. Further work is required and Pouakani Trust will continue to pursue its...
    Scoop politics | 29-08
  • Supreme Court Decision on Maori Water Rights
    “ … the Supreme Court refused to give Pouakani people what they asked for, but may have given them something much, much better instead. The Appellants had argued that the Crown’s ownership of the River was as a fiduciary for...
    Scoop politics | 29-08
  • Leaders Dinner with Campbell Live, Dessert with RadioLIVE
    John Campbell is hosting Colin Craig, Winston Peters, Laila Harre, Metiria Turei, Peter Dunne, Jamie Whyte and Te Ururoa Flavell LIVE from Auckland’s Grand Harbour Restaurant on Wednesday 3 September at 7pm....
    Scoop politics | 29-08
  • Credit unions in the political spotlight
    Dirty politics was put aside last night as senior politicians outlined their universal support for growing the cooperatively owned credit union and mutual building society sector in New Zealand....
    Scoop politics | 29-08
  • Maryan Street on issues of importance to older people
    Liam Butler interviews Hon Maryan Street MP on issues of importance to older New Zealanders...
    Scoop politics | 29-08
  • John Hanita Paki and others v The Attorney-General
    JOHN HANITA PAKI, TORIWAI ROTARANGI, TAUHOPA TE WANO HEPI, MATIU MAMAE PITIROI AND GEORGE MONGAMONGA RAWHITI v THE ATTORNEY-GENERAL OF NEW ZEALAND FOR AND ON BEHALF OF THE CROWN (“THE CROWN”) (SC 7/2010)...
    Scoop politics | 29-08
  • Last Nights Leaders Debate Drives The #nzpol Wordcloud
    Following last nights leaders debate on TV One between John Key and David Cunliffe, the data insight organisation Qrious collected all tweets that used the hashtag #nzpol from approximately the last 24 hours to produce this wordcloud....
    Scoop politics | 29-08
  • Campaign suggests reason behind suicide gender statistics
    An online campaign about meaning and belonging has revealed an interesting connection with the difference in suicide rates between men and women....
    Scoop politics | 29-08
  • Act Policy Vindicated by Sensible Sentencing Data
    ACT Leader Dr Jamie Whyte says the Sensible Sentencing Trust's just released analysis of 3 Strikes legislation "proves ACT was right to promote the policy and that it has made New Zealand a much safer country. The figures show beyond...
    Scoop politics | 29-08
  • “Robin Hood tax and other clever ways to help our kids”
    It’s time to talk about tax. Not just income tax but other kinds of tax too....
    Scoop politics | 29-08
  • Cannabis Laws Breach Treaty – ALCP
    Cannabis prohibition is neo-colonial oppression resulting in the disproportionate imprisonment of Maori, the Aotearoa Legalise Cannabis Party says....
    Scoop politics | 29-08
  • 2014 Variation Broadcasting Allocation Decision Released
    The Electoral Commission has released a variation decision on the amount of time and money allocated to political parties for the broadcasting of election programmes for the 2014 General Election....
    Scoop politics | 29-08
  • New Zealand Shoppers- Demand Blue Tick Accredited Products
    Following ongoing concerns surrounding the issue of animal welfare in farming, particularly in the layer and broiler chicken sectors, the RNZSPCA is now asking consumers to purchase only eggs, pork, turkey and chicken that have been Accredited by the Blue...
    Scoop politics | 29-08
  • EDS welcomes Labour’s Environment Policy
    The Environmental Defence Society has welcomed Labour’s Environment Policy which recognises that New Zealand cannot have a healthy economy without a healthy environment....
    Scoop politics | 29-08
  • Candidate calls for an end to institutional racism
    29 AUGUST 2014 Tāmaki Makaurau candidate, Rangi McLean has spoken up in support of Irie Te Wehi-Takerei who was wrongfully accused of shoplifting at a Warehouse store in Manukau. "Over the last month, two different supermarkets have been...
    Scoop politics | 29-08
  • Making tertiary education more accessible to Māori
    29 August 2014 The Māori Party launched its tertiary education policy today at Te Huinga Tauira o Te Mana Ākonga, the national hui for the Māori Teritary Students Association in Palmerston North. Te Tai Hauāuru candidate Chris McKenzie says the...
    Scoop politics | 29-08
  • NZ Sign Language programmes receives $11 million boost
    Deaf Aotearoa are thrilled with Education minister Hekia Parata’s announcement this week that $11 million in funding will go towards a range of New Zealand Sign Language initiatives, including First Signs – a programme that involves sign language...
    Scoop politics | 29-08
  • Abortion violates the Human Rights of Fathers
    Fathers1Right to Life is concerned at the glaring imbalance that exists in law, in regard to the rights of men to defend the lives of the children they have fathered. Fatherhood commences at conception. Children in the womb, just like...
    Scoop politics | 29-08
  • Hundreds to join march against male violence in Auckland CBD
    Hundreds of supporters are expected to join the 'Take Back the Night' march through central Auckland streets tomorrow night in solidarity with making the streets safe for women and the rainbow community to walk without fear of male violence....
    Scoop politics | 29-08
  • Classic example of need for Conservative policy
    The Conservative Party Justice Spokesman, Garth McVicar believes the sentencing of killer Aaron McDonald is a classic example of why an overhaul of the parole and sentencing system is required.”...
    Scoop politics | 29-08
  • Greens & Labour Politicising Bullying in Schools
    Family First NZ says that both the Greens and Labour are wanting to politicise and sexualise school children under the guise of bullying programmes rather than deal with the school bullying issue as it should be dealt with....
    Scoop politics | 29-08
  • Wellington National Is Not Our Future Rally 30/8/14
    Thousands of people will march and rally at National is not our Future events on Saturday. Auckland is the main rally centre with supportive actions in Wellington, Dunedin, Christchurch and Hamilton. In Wellington, marchers will assemble at Te Papa...
    Scoop politics | 29-08
  • EPA grants marine consent for OMV exploration well
    The Environmental Protection Authority has granted a marine consent to OMV New Zealand Ltd for its Whio-1 exploration well in the Taranaki Basin....
    Scoop politics | 29-08
  • First anniversary of the horrific chemical attacks on Syria
    Members of the Syrian Community and friends are commemorating the first anniversary of the horrific chemical attacks on Syria, in Aotea Square on Saturday 30 August 2014, between 11-3 pm. The Assad regimes chemical attacks on al Ghouta were responsible...
    Scoop politics | 28-08
  • Anniversary of the NZ Occupation of German Samoa
    Today, 29th August 2014, marks the 100 years centenary of the occupation of Samoa by New Zealand forces at the request of the British empire, ending the German rule of Samoa. It is also the starting point for the special...
    Scoop politics | 28-08
  • Submissions sought on mosquito repellent
    The Environmental Protection Authority is calling for submissions on a portable mosquito repellent for use outdoors. The repellent consists of a strip impregnated with metofluthrin, a substance from the pyrethroid family....
    Scoop politics | 28-08
  • Spot the difference – the leaders debate
    I watched the Leaders' debate last night and was struck by the fact that John Key accepted all of David Cunliffe's basic assumptions. For example, he did not say that the government should not tell farmers who they could sell...
    Scoop politics | 28-08
  • Colin Craig’s tax figures do not add up and are dishonest
    “Colin Craig’s tax plan is to have two rates of income tax: 0% up to $20,000 and 25% above that. This will leave a $6.4 billion hole in the budget even before the new spending proposed by the Conservatives. The...
    Scoop politics | 28-08
  • Dirty Politics Impacts National Party Support
    Media Release – For Immediate Release Dirty Politics Impacts National Party Support Support for National has dropped by 4.3% to 50.8%, the latest stuff.co.nz / Ipsos political poll shows....
    Scoop politics | 28-08
  • Labour’s environment policy welcomed
    The independent conservation organisation Forest & Bird says that overall the Labour Party’s newly released environment policy would go a long way towards protecting New Zealand’s natural heritage....
    Scoop politics | 28-08
  • National: Not our Future Marches across New Zealand
    Three weeks before the election, action is being taken across the country voicing a rejection of the National Government's track record and direction. Rallies are being held in Auckland, Wellington, Christchurch and Dunedin to oppose National's...
    Scoop politics | 28-08
  • Tune in to tonight’s debate from 7pm
    The countdown is on! You can watch the first leader’s debate for 2014 tonight, 7pm, on TV One ....
    Scoop politics | 28-08
  • Gamblefree Day 1 September
    It's Gamblefree Day this Monday 1 September, the national awareness day for problem gambling in New Zealand. While traditionally celebrated on the first day of September, many events and activities are held both before and after this day to raise...
    Scoop politics | 28-08
  • Success through captioning should be a given as a Right
    Success through captioning should be a given as a Right per the Convention on the Rights of People with Disabilities...
    Scoop politics | 28-08
  • Alcohol Marketing Committee Questions Government’s Motives
    An Independent Expert Committee on Alcohol Advertising and Sponsorship (IECAAS) has been formed out of concern amongst alcohol and public health researchers about the government’s Ministerial Forum on Alcohol Advertising and Sponsorship (MFAAS)....
    Scoop politics | 28-08
  • How Much Higher Can Auckland Prices Go?
    National's plan to liberalise the use of Kiwisaver funds and its proposal to raise ts cheap "Welcome Home" loan thresholds to help buyers purchase a new home has been welcomed by home building companies but attacked as a "welfare scheme...
    Scoop politics | 28-08
  • OPC submission period extended
    We have extended the submission period for the modified reassessment of a bee control affecting five organophosphate and carbamate insecticides (APP202142)....
    Scoop politics | 28-08
  • Vinay Deobhakta struck off roll of barristers and solicitors
    The New Zealand Lawyers and Conveyancers Disciplinary Tribunal has ordered former Tauranga lawyer Vinay Deobhakta to be struck off the roll of barristers and solicitors....
    Scoop politics | 28-08
  • Major parties to front up for Climate Voter election debate
    New Zealand’s main political parties will take part in ‘The Great Climate Voter Debate’ on September 3....
    Scoop politics | 28-08
  • Family violence… too big to be ignored
    As Annah Stretton gears up for her New Zealand Fashion Week show on Thursday she is utilizing her spotlight to help change the face of family violence in this country saying “the problem is far too big to ignore”....
    Scoop politics | 28-08
  • Candidate’s SOS to northern Maori voters: Save our seats!
    (Extract from address by Rev Te Hira Paenga to Kura Hourua Maori Political Leaders hui, in Whangarei this evening)....
    Scoop politics | 28-08
  • Mary O’Neill to Stand for the Alliance in Napier
    The Alliance Party has confirmed Mary O’Neill as the Alliance candidate in the Napier Electorate for the 2014 election....
    Scoop politics | 28-08
  • TONIGHT [28/8/14]: The Great Political Comedy Debate
    It's a night for debating. You could stay home frowning at tonight's Leaders debate, or laugh it up with us at BATS!...
    Scoop politics | 28-08
  • Cunliffe against personal responsibility over billboards
    The accusation by David Cunliffe that the Conservative Party is subscribing to a surveillance society by protecting its billboards via the use of motion sensor cameras reveals an anti-personal responsibility position by the about-to-be-retired Leader...
    Scoop politics | 27-08
  • Groundbreaking health and climate conference
    The World Health Organization (WHO) is holding its first conference on climate change and health at its headquarters in Geneva this week, with New Zealand health experts in attendance....
    Scoop politics | 27-08
  • Te Tai Tokerau Party
    Last night at the Leadership Academy of Company A debate Clinton Dearlove announced the creation of a new political party supported by Whanau and Hapu....
    Scoop politics | 27-08
  • Significant fallout from Dirty Politics allegations
    Dirty politics ... costing National up to 3.8% of its pre-publication support Large numbers of New Zealanders are aware of and talking about the issues raised as a result of the publication of Nicky Hager’s book, Dirty Politics, according to...
    Scoop politics | 27-08
  • Colin Craig is “deluded and dangerous” – Act
    “Colin Craig is proposing a radical transformation of our constitution. The Conservatives are proposing to overthrow of one hundred and fifty odd years of parliamentary democracy and replace it with binding referenda” said ACT Leader Dr Jamie Whyte....
    Scoop politics | 27-08
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