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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 | 06-10
  • It shouldn’t take the Army to house the homeless
    National’s move to speed up its state house sell-off shows it is bankrupt of new ideas, says Labour’s Housing spokesperson Phil Twyford. “National has been in office for six years, yet the housing crisis has got worse every month and...
    Labour | 06-10
  • Government must lift social housing supply, not shuffle the deck chairs
    National's decision to shift the state provision of housing to third parties is a smokescreen for the Government decreasing the provision of affordable housing, the Green Party said today."What National should be doing is increasing the supply of both social...
    Greens | 06-10
  • Election 2014 – the final count
    While we have to wait for the final booth level counts we can now see how well we did in the specials and look at electorate level data. First off special votes (and disallowed/recounted votes etc). There was a change...
    Greens | 06-10
  • We need more houses, not Ministers
    The Government’s decision to have three housing Ministers will create a dog’s breakfast of the portfolio and doesn’t bode well for fixing the country’s housing crisis, Labour’s Housing spokesperson Phil Twyford says. “New Zealanders need more houses, not more Ministers....
    Labour | 05-10
  • MANA’S CHALLENGE TO THE 51st PARLIAMENT
    Ten years ago I led 50,000 Maori on the historic FORESHORE AND SEABED MARCH from Te Rerenga Wairua to the very steps of this parliament, in a march against the greatest land grab in the history of this country –...
    Mana | 03-10
  • Is this really necessary?
    No one denies chief executives should be well paid for their skills and experience, but it is the efforts of all employees which contribute to company profits, Labour’s Acting Leader David Parker says. “Salaries paid to chief executives come at...
    Labour | 02-10
  • Lyttelton Port workers also deserve pay rises
    Hard slog by Lyttelton Port workers contributed to strong financial growth for the company and they deserve to be rewarded for their work as much as its chief executive, says Labour’s Acting Leader David Parker. “Lyttelton Port chief executive Peter...
    Labour | 02-10
  • 5AA Australia – NZ on UN Security Council + Dirty Politics Lingers On
    5AA Australia: Selwyn Manning and Peter Godfrey deliver their weekly bulletin Across The Ditch. General round up of over night talkback issues: Thongs, Jandals and flip-flops… ISSUE 1: New Zealand has been successful in its campaign to become a non...
    The Daily Blog | 22-10
  • When I mean me, I mean my office & when I call whaleoil I mean not as m...
    This. Is. Ludicrous. Green Party co-leader Russel Norman put the first of what are likely to be many questions about Mr Key’s relationship with Slater, asking him how many times he had phoned or texted the blogger since 2008. “None...
    The Daily Blog | 22-10
  • A brief word on describing the Government as ‘boring and bland’
    The narrative being sown is that this Government will be a boring and bland third term. Boring and bland. Since the election, Key has announced he is privatising 30% of state houses without reinvesting any of that money back into housing society’s most...
    The Daily Blog | 22-10
  • More Latté Than Lager: Reflections on Grant Robertson’s Campaign Launch.
    BIKERS? SERIOUSLY! Had Grant Robertson’s campaign launch been organised by Phil Goff? Was this a pitch for the votes of what few Waitakere Men remain in the Labour Party? Was I even at the right place? Well, yes, I was....
    The Daily Blog | 22-10
  • About Curwen Ares Rolinson
    Curwen Ares Rolinson – Curwen Ares Rolinson is a firebrand young nationalist presently engaged in acts of political resistance deep behind enemy lines amidst the leafy boughs of Epsom. He is affiliated with the New Zealand First Party; although his...
    The Daily Blog | 21-10
  • About Kelly Ellis
    Kelly Ellis.Kelly Ellis – As a child, Kelly Ellis didn’t so much fall into the cracks, but willfully wriggled her way into them. Ejected from Onslow College – a big job in the 70s – Kelly worked in car factories,...
    The Daily Blog | 21-10
  • About Kate Davis
    Kate Davis.Kate Davis – Having completed her BA in English and Politics, Kate is now starting her MA. Kate works as a volunteer advocate at Auckland Action Against Poverty and previously worked for the New Zealand Prostitutes Collective. Kate writes...
    The Daily Blog | 21-10
  • Parker does a Shearer – oh for a Labour Leader who can challenge msm fals...
    Sigh. It seems David Parker has done a Shearer… Like a cult and too red – Parker on LabourLabour leadership contender David Parker says Labour borders on feeling like “a cult” and must look at its branding – including its...
    The Daily Blog | 21-10
  • A brief word on the hundreds of millions NZ is spending on the secret intel...
    The enormity of the mass surveillance state NZ Government’s have built carries a huge price tag… Kiwis pay $103m ‘membership fee’ for spyingThe $103 million taxpayer funding of New Zealand’s intelligence agencies is effectively a membership fee for joining the...
    The Daily Blog | 21-10
  • Where. Is. Jason. Ede?
    Where. Is. Jason. Ede?...
    The Daily Blog | 21-10
  • Labour’s Din of Inequity
    Watching Labour’s leadership candidates on Q+A on Sunday, I noticed the ongoing use of terms like “opportunity” and “aspiration”, and “party of the workers”. What do these mean? We glean much from Labour, and from the media about Labour, but not...
    The Daily Blog | 21-10
  • “Blue-Greenwash” fails the test when it comes to endangered dolphins
    National’s pre-election promises saw some wins for the environment – perhaps as the party sought to appease its “Blue-Green” voters and broaden its popular appeal. Some of the ecological gains were a long time in the making, overdue even– such...
    The Daily Blog | 21-10
  • Reasons not to be cheerful, Part #272b
    Why don’t you get back into bed? The next few years — the rest of this century — are not going to be pretty. There is an obvious disconnect between any remaining political ambition to fix climate change and the...
    The Daily Blog | 21-10
  • OIA protocols and official advice ignored to hide Child Poverty
    It might not seem so now, but child poverty was a major election issue. What a pity we did not have the full debate. In that debate it would have been very helpful to have seen the Ministry of Social...
    The Daily Blog | 20-10
  • Previewing the 4 candidates for Leader of the Labour Party
    The extraordinary outbursts by Shearer last week highlights just how toxic that Caucus is. Shearer was on every major media platform as the ABC attack dog tearing into Cunliffe in the hope of diminishing Cunliffe’s support of Little by tearing...
    The Daily Blog | 19-10
  • GUEST BLOG: Kate Davis – the sudden explosion of ‘left’ blogs
    Time to Teach or more people will suffer from P.A.I.D. Political And Intellectual Dysmorphia.I was on the Twitter and a guy followed me so of course I did the polite thing and followed him back. He wrote a blog so...
    The Daily Blog | 19-10
  • Ego vs Eco
    Ego vs Eco...
    The Daily Blog | 19-10
  • We can’t let the Roastbuster case slip away
    Those of us (like me) left with hope that the police would aggressively follow through on the large amount of evidence on offer to them (let’s not forget they forgot they even had some at one point) in the Roastbusters...
    The Daily Blog | 19-10
  • Food, shelter and medicine instead of bombs and bullets
    The on-going conflict across the Middle East – due in large part to the US-led invasions of Afghanistan and Iraq – has created another humanitarian crisis of biblical proportion. The essentials of life are desperately needed in Iraq and Syria...
    The Daily Blog | 19-10
  • The politics of electorate accommodations
    National’s electorate accommodations with ACT and United Future were a big factor in it winning re-election. Interestingly, there is another electorate accommodation scenario whereby the centre-left could have come out on top, even with the same distribution of party votes....
    The Daily Blog | 19-10
  • Why you should join the TPPA Action on 8 November
    On 8 November 2014, thousands of Kiwis will take part in the International Day of Action to protest the Trans-Pacific Partnership Agreement (TPPA). The rally cry for us is TPPA – Corporate Trap, Kiwis Fight Back. Why should you join...
    The Daily Blog | 19-10
  • GUEST BLOG – Patrick O’Dea: no new coal mines
    Green Party and Mana Party policy is “NO NEW COAL MINES!” Auckland Coal Action is trying to put this policy into action on the ground. ACA after a hard fought two year campaign waged alongside local residents and Iwi, in...
    The Daily Blog | 19-10
  • Comparing Police action – Hager raid vs Roast Buster case
    This satire had the NZ Police contact TDB and threaten us with 6months in prison for using their logo.   The plight of Nicky Hager and the draconian Police actions against him has generated over  $53 000 in donations so...
    The Daily Blog | 18-10
  • Malala Yousafzai, White Saviour Complexes and Local Resistance
    Last week, Malala Yousafzai was the co-recipient of the Nobel Peace Prize. Since her exposure to the worldwide spotlight, her spirit, wisdom and strength have touched the hearts of people everywhere. However, there have been cynics who have argued that...
    The Daily Blog | 18-10
  • Jason Ede is back – but no media can interview him?
    Well, well, well. Jason Ede, the main figure connected to John Key’s office and the Dirty Politics black ops is back with a company with deep ties to the National Party. One thing you can say about the right –...
    The Daily Blog | 18-10
  • GUEST BLOG: Curwen Rolinson – Leadership Transitions In Other Parties: A ...
    As cannot have escaped anyone’s attention by now, the country is presently in the grips of an election and campaign that will help determine the fate of the nation for years to come. It’s gripping stuff – with clear divides...
    The Daily Blog | 17-10
  • SkyCity worker says she faces losing her house
    SkyCity worker Carolyn Alpine told the company annual shareholder’s meeting today that she faced the prospect of losing her house because the company had cut her shifts from two a week to one without consultation. The solo mother, has worked...
    The Daily Blog | 17-10
  • Greg O’Connor’s latest push to arm cops & 5 reasons not to
    I was wondering at what point within a 3rd term of National that Police Cheerleader Greg O’Connor would start trying to demand cops be armed. O’Connor must have thought to himself, ‘if bloody Key can get us and the GCSB vast new...
    The Daily Blog | 16-10
  • You can’t have crisis without ISIS
    So the new scary bogeyman ISIS might have chemical weapons that the US secretly found in Iraq, but America didn’t want to expose this find because the WMDs were actually built and made by the US and Europe, the two powers...
    The Daily Blog | 16-10
  • NZ WINS UN SPIN THE BOTTLE! Privately sucking up to America for a decade me...
    Oh, we are loved! Little old NZ, the 53rd state of America after Israel and Australia, gets to sit at the adults table for the special dinner party that is the UN Security Council. How delightful, a decade of privately...
    The Daily Blog | 16-10
  • MEDIA BLOG – Myles Thomas – A World Without Advertising
    Non-commercial broadcasting and media. It’s a solution for all manner of problems ailing our tender nation… voter engagement, unaccountable governance, apathy, stupefaction, public education, science in schools, arts appreciation, cultural cringe… But no-one could’ve guessed that non-commercial media might solve...
    The Daily Blog | 16-10
  • March against war – 2pm Saturday 25th October
    March against war – 2pm Saturday 25th October...
    The Daily Blog | 16-10
  • Whack a mole as US govt foreign policy
    Whack-A-Mole was a popular arcade game from my youth.  It consisted of a waist high cabinet with holes in the top. Plastic moles seemingly randomly pop out of these holes. The purpose of the game was to hit as many...
    The Daily Blog | 16-10
  • In Paean of Debt
    This week is ‘Money Week’. It’s an opportunity to promote to the middle classes, and anyone else who will listen, the virtues of wise ‘investment’. The aims are to promote the mystical (and indeed mythical) virtues of saving for the...
    The Daily Blog | 16-10
  • The last 48 hours – Poverty denial, war denial and unapologetic abuse of ...
    The bewildering speed of events that simply end in Key shrugging and proclaiming he doesn’t really give a shit is coming think and fast as the Government suddenly appreciate the full spectrum dominance they now enjoy. Here is Radio NZ...
    The Daily Blog | 16-10
  • GUEST BLOG: Pat O’Dea – Mana 2.0 Rebooted
    Internationally the news is that Evo Morales of Bolivia won big with Left Wing policies But what are the chances that the Left will make a resurgence in this country? As the internecine struggles between the Left and the Right...
    The Daily Blog | 15-10
  • The Blomfield IPCA letter – Has Dirty Politics leaked into the NZ Police ...
    It’s difficult to know what to make of the IPCA letter to Matthew Blomfield over Slater’s continued insistence that the hard drive taken from Matthew wasn’t stolen.  Slater has selectively cherry picked the Police referring back to his claim that Blomfeild perjured...
    The Daily Blog | 15-10
  • ​Media release: Rail and Maritime Transport Union – Auckland move for K...
    The Rail and Maritime Transport Union is questioning a KiwiRail proposal to progressively relocate its Zero Harm personnel from Wellington to Auckland. “The purpose of the Zero Harm team is to drive KiwiRail’s performance in health and safety.  Rail is a...
    The Daily Blog | 15-10
  • Amnesty International – Friend request from an IS militant
    There’s always that one person, that one Facebook friend, usually a musician or event promoter, who, when you so foolishly accept their friend request, will completely inundate your news feed with copious event invitations and promotions. The person who, despite...
    The Daily Blog | 15-10
  • NZ should follow the UK and recognize the Palestinian state
    Over the past two weeks, the United Kingdom and Sweden have made headlines through their decisions to recognize the state of Palestine. They are hardly the first nations to do so. Indeed, 134 countries have, in various ways, given formal...
    The Daily Blog | 15-10
  • The Discordant Chimes of Freedom: Why Labour has yet to be forgiven.
    WHY DOES THE ELECTORATE routinely punish Labour and the Greens for their alleged “political correctness” but not National? It just doesn’t seem fair. Consider, for example, the Crimes (Substituted Section 59) Amendment Act 2007 – the so-called “anti-smacking legislation” –...
    The Daily Blog | 15-10
  • Hosking or Henry – Which right wing crypto fascist clown do you want to w...
    So Mediaworks are finally going to make some actual money from their eye watering contract with Paul Henry by launching a new multi-platform Breakfast show over TV, Radio and internet. This is great news for Campbell Live who have dodged...
    The Daily Blog | 14-10
  • Families need more money to reduce child poverty
    Prime Minister John Key is mistaken to rule out extending the In Work Tax Credit to all poor children (The Nation 11th Oct) and Child Poverty Action Group challenges government advisors to come up with a more cost effective way...
    The Daily Blog | 14-10
  • GUEST BLOG: Kelly Ellis – Don’t shit on my dream
    Once were dreamers. A large man, walks down the road and, even from 200 yards there’s light showing between his big arms and bigger body. It’s as if he’s put tennis balls under his arms. Two parking wardens walk out...
    The Daily Blog | 14-10
  • Labour and ‘special interests’
    The media narrative of Labour is that it is unpopular because it’s controlled by ‘special interests’. This ‘special interests’ garbage is code for gays, Maoris, wimin and unionists. We should show that argument the contempt it deserves. The next Labour...
    The Daily Blog | 14-10
  • Housing; broken promises, families in cars, and ideological idiocy (Part Ru...
    . . Continued from: Housing; broken promises, families in cars, and ideological idiocy (Part Tahi) . National’s housing development project: ‘Gateway’ to confusion . Perhaps nothing better illustrates National’s lack of a coherent housing programme than the ‘circus’ that is...
    The Daily Blog | 14-10
  • Here’s what WINZ are patronisingly saying to people on welfare when they ...
    Yesterday, a case manager from WINZ called to tell me that I needed to “imagine what I would do if I did not have welfare”. I replied “Well, I guess if I couldn’t live at home, I would be homeless.”...
    The Daily Blog | 14-10
  • David Shearer’s ‘no feminist chicks’ mentality highlights all that is...
    Mr Nasty pays a visit Shearer’s extraordinary outburst last night on NZs favourite redneck TV, The Paul Henry Show, is a reminder of all that is wrong within the Labour Caucus right now… He said the current calls for a female or...
    The Daily Blog | 13-10
  • Greenpeace 1 – Shell 0
    Greenpeace 1 – Shell 0...
    The Daily Blog | 13-10
  • GUEST BLOG: Kate Davis – A Tale Of Two Cities
    Sunday was surreal. I went for a drive and ended up in a different country. It wasn’t intentional but those days of too many literally intertextual references seldom are. There is no doubt that the Sunday drive this week had...
    The Daily Blog | 13-10
  • Press statement in relation to search of Nicky Hager’s home
    On 2 October 2014, Nicky Hager's home in Wellington was searched by police. Mr Hager asserted that documents kept at his house were protected by privilege, including because they contained information that might identify confidential sources....
    Scoop politics | 22-10
  • The Sam Simon arrives into Auckland for new campaign
    This morning Sea Shepherd ship, the Sam Simon, arrived into Auckland harbour after its journey from Melbourne. The ship and its 25 crew from around the globe have come to New Zealand to source supplies and prepare for the upcoming...
    Scoop politics | 22-10
  • Low inflation – time for meaningful wage increases
    With inflation low, now is a good time for workers to negotiate for pay increases that outstrip price rises and deliver real increases in wages and salaries. “For too many people, real pay increases have been missing for several years...
    Scoop politics | 22-10
  • Auckland Rates Rises Out of Control
    Responding to the NZ Herald report that Auckland ratepayers will face an average of a 29 percent rates increase, Taxpayers’ Union Executive Director Jordan Williams says: “These rate rises show that Len Brown's spending is out of control.”...
    Scoop politics | 22-10
  • Protest at New Plymouth Oil and Gas Expo
    About 30 protesters from Climate Justice Taranaki, Frack-free Kapiti, Te Uru Pounamu Action Group, Oil Free Wellington, Frack-free Manawatu and the east coast protested yesterday outside New Plymouth's biennial Oil and Gas Expo at the TSB Stadium....
    Scoop politics | 22-10
  • FMA warns consumers about cold-calling investment offers
    The Financial Markets Authority (FMA) is warning New Zealand consumers and investors to be wary of cold-calls asking them to buy shares or put their money into offshore firms....
    Scoop politics | 22-10
  • Comprehensive plan needed to end child poverty
    Child Poverty Action Group says it is vital the newly re-elected National government takes a planned and comprehensive approach to reducing child poverty in New Zealand....
    Scoop politics | 22-10
  • Metiria Gets Feed the Kids
    Yesterday the Speaker of the House advised that he had accepted my request to transfer my Feed the Kids (Education (Breakfast and Lunch Programmes in Schools) Amendment) Bill to Metiria Turei of the Green Party....
    Scoop politics | 22-10
  • DIA undercover investigation leads to jailing
    An undercover Internal Affairs investigation has led to a Hastings man being jailed for three and half years....
    Scoop politics | 22-10
  • Call on Minister McCully to pursue the case of Balibo Five
    Media Information: Call on Minister McCully to pursue the case of journalist Gary Cunningham and the Balibo Five...
    Scoop politics | 22-10
  • Australia and NZ actions on press freedoms alarming
    Global support for investigative journalism in Australia and New Zealand is a welcome response to law changes and a police raid, says the Pacific Freedom Forum...
    Scoop politics | 22-10
  • Call for release of French journalists in West Papua
    West Papua Action Auckland, the EPMU Print and Media Council and the NZ Media Freedom Network call on the Minister of Foreign Affairs to speak out in support of the two French TV journalists whose trial has just begun in...
    Scoop politics | 21-10
  • Court of Appeal: Dotcom v 20th Century Fox Film Corporation
    A The appeal is dismissed. B The 20 August 2014 order of the High Court dealing with confidentiality and the 29 August 2014 order of this Court dealing with confidentiality are set aside. C The confidentiality orders set out in...
    Scoop politics | 21-10
  • Glassons Blasted For Glamourising Animal Cruelty
    Clothing brand Glassons have found themselves embroiled in another controversy after launching a new advert featuring a girl riding a bull. Animal advocacy organisation SAFE have asked them to remove the ad immediately as it glamourises animal cruelty....
    Scoop politics | 21-10
  • Smuggling honey into New Zealand isn’t sweet
    Smuggling honey into New Zealand isn’t sweet Federated Farmers Bee Industry Group applauds the tough line taken by Ministry for Primary Industries (MPI) Border Staff at Auckland Airport. In deporting the couple found trying to smuggle bee products...
    Scoop politics | 21-10
  • Taxpayers’ Union Responds to Joyce on Corporate Welfare
    Responding to Economic Development Minister Steven Joyce’s defence of corporate welfare , Jim Rose, the author of Monopoly Money , a Taxpayers Union report on corporate welfare since 2008, says:...
    Scoop politics | 21-10
  • Speech from the Throne brings welcome focus on children
    Today’s speech from the Throne confirms the Government’s focus on children, youth and their families in the areas of health, education, youth employment, poverty alleviation and Whānau Ora; now the challenge is to ensure every child in New Zealand...
    Scoop politics | 21-10
  • John’s Job Fairs no fix for unemployment and poverty
    “John Key has clearly been looking to the US for his latest bright idea on dealing with employment issues,” says Auckland Action Against Poverty coordinator Sue Bradford. “Job fairs where the desperately unemployed queue in their corporate best to compete...
    Scoop politics | 21-10
  • Speech From the Throne Foreshadows More Corporate Welfare
    Responding to the Governor General’s Speech from the Throne, which outlined that the Government’s intentions for the next Parliamentary term would include further Business Growth Agenda initiatives, Taxpayers’ Union Executive Director Jordan...
    Scoop politics | 21-10
  • Green MP to speak at panel on Rainbow Mental Health
    Hamilton, New Zealand: Recently re-elected Green Party MP Jan Logie will be a guest speaker at a panel on the mental health of Gay, Lesbian, Bisexual, Trangender, Takataapui and Intersex people taking place on November 1st as part of the...
    Scoop politics | 20-10
  • Evidence Supports GE Moratorium
    Federated Farmers spokesman Graham Smith's call for a 'rethink' on release of GeneticallyEngineered organisms is misguided, and instead it is time for a formal moratorium on GMOs in the environment.(1)...
    Scoop politics | 20-10
  • Chatham Rise mining could have impact on whales and dolphins
    Wellington, 21 October 2014--Mining phosphate on the Chatham Rise, off the east coast of New Zealand’s south island, could potentially have many impacts on marine mammals like whales and dolphins, the Environmental Protection Agency was told today....
    Scoop politics | 20-10
  • Council endorses Nanaia Mahuta as the next Labour leader
    Te Kaunihera Māori, the Māori Council of the New Zealand Labour Party, have passed a resolution to endorse the Hon Nanaia Mahuta as the next leader of the Labour Party...
    Scoop politics | 20-10
  • Kaumatua to organise petition to end Maori seats
    Ngapuhi kaumatua David Rankin has announced that he will be organising a nationwide petition to seek support from Maori voters to end the Maori seats. “These seats are patronising”, he says. “They imply we need a special status, and that...
    Scoop politics | 20-10
  • Announcing a New Voice for The Left
    Josh Forman is pleased to announce the creation of a new force on the Left of politics in New Zealand....
    Scoop politics | 20-10
  • Public services held back by poor workplace culture
    A new report by Victoria University’s Centre for Labour, Employment and Work shows that public servants are working significant unpaid overtime to ensure the public services New Zealanders value are able to continue....
    Scoop politics | 20-10
  • iPredict New Zealand Weekly Economic & Political Update
    Andrew Little’s probability of being the next leader of the Labour Party has reached 70% and Jacinda Ardern is favourite to become his deputy, according to the combined wisdom of the 8000+ registered traders on New Zealand’s predictions market, iPredict....
    Scoop politics | 20-10
  • Prison Drug Treatment Unit marks a milestone
    Christchurch Men’s Prison’s Drug Treatment Unit (DTU) celebrated the completion of its 50th six month Drug and Alcohol Programme today, with the graduation of a further twelve offenders....
    Scoop politics | 20-10
  • Security Council seat a chance for NZ to empower women
    The UN Women National Committee Aotearoa New Zealand (UN Women NCANZ) welcomes New Zealand winning a seat on the United Nations Security Council and is calling on New Zealand to use its position to proactively promote effective implementation of the...
    Scoop politics | 20-10
  • Waipareira and ACC sign Partnership
    Waipareira and The Accident Compensation Corporation (ACC) have signed a Memorandum of Understanding at Whanau Centre, Henderson – marking a special day for the West Auckland Urban Maori organisation....
    Scoop politics | 20-10
  • Humanitarian aid desperately needed in Iraq and Syria
    Global Peace and Justice Auckland is calling on the government to provide humanitarian funding for non-aligned NGOs (non-governmental organisations) in the Middle East rather than give any support whatever for the US-led military campaign in the area....
    Scoop politics | 19-10
  • Court Judicial Decision: Dotcom v The USA: 17 October 2014
    The United States of America is seeking the extradition of Messrs Dotcom, Batato, Ortmann and Van Der Kolk. The matter has been before the Courts on numerous occasions, and no further recitation of the facts is needed....
    Scoop politics | 19-10
  • Marshall Island poet speaks at UN climate summit
    “The fossil fuel industry is the biggest threat to our very existence as Pacific Islanders. We stand to lose our homes, our communities and our culture. But we are fighting back. This coming Friday thirty Pacific Climate Warriors, joined by...
    Scoop politics | 19-10
  • Many tourist car accidents preventable
    Simple steps could dramatically reduce the number of accidents involving tourists, says the car review website dogandlemon.com ....
    Scoop politics | 19-10
  • RainbowYOUTH: 25 Years, 25 More
    In 1989, a group of young people in Auckland got together to form a support group for LGBTIQ youth. They called it Auckland Lesbian And Gay Youth (ALGY). After 25 years, several location changes, a name change, a brand reboot...
    Scoop politics | 19-10
  • Outdated Oath shows need for Kiwi Head of State
    MPs are sworn in today and New Zealand Republic has written to MPs asking them to talk about why 121 New Zealanders elected by the people of New Zealand and standing in the New Zealand Parliament swear allegiance to another...
    Scoop politics | 19-10
  • Council shouldn’t revenue grab from windfall valuations
    Auckland Council should state clearly they will not try and capture revenue as a result of the latest valuations and needs reminding that the City’s skyrocketing property values doesn’t change the level or cost of Council’s services, says...
    Scoop politics | 19-10
  • EPMU endorses Andrew Little for Labour leadership
    The National Executive of the Engineering, Printing and Manufacturing Union unanimously endorsed Andrew Little for the role of Labour leader, at a meeting held yesterday. “I have been speaking to our workplace delegates at forums across the country over...
    Scoop politics | 19-10
  • World Food Day promotes Agroecology not GE technology
    The UN has stated that agroecology is a major solution to feeding the world and caring for the earth....
    Scoop politics | 19-10
  • Labour Names Review Team
    Labour’s New Zealand Council has appointed Bryan Gould as Convenor of its post-General Election Review. He will be joined on the Review Team by Hon Margaret Wilson, Stacey Morrison and Brian Corban....
    Scoop politics | 19-10
  • Contenders for Labour leadership debate for first time
    The contenders for the leadership of the Labour Party debated for the first time on TV One’s Q+A programme today....
    Scoop politics | 19-10
  • UN Ambassador Jim McLay on TV One’s Q+A programme
    New Zealand's United Nations Ambassador Jim McLay on TV One’s Q+A programme....
    Scoop politics | 18-10
  • The Nation: RSA President BJ Clark & Ian Taylor, New NZ Flag
    Lisa Owen interviews RSA President BJ Clark and tech innovator Ian Taylor about changing the NZ flag...
    Scoop politics | 18-10
  • The Nation: RSA President BJ Clark & Ian Taylor, New NZ Flag
    Lisa Owen interviews RSA President BJ Clark and tech innovator Ian Taylor about changing the NZ flag...
    Scoop politics | 18-10
  • Lisa Owen interviews Foreign Minister Murray McCully
    Murray McCully says New Zealanders can expect a 5-10 year engagement against Islamic State if we join military action in Iraq and the government will take that “very carefully into account”...
    Scoop politics | 18-10
  • Lisa Owen interviews Julia Gillard
    Julia Gillard says there is “sufficient evidence” to fight Islamic State and does not think it will increase the risk of a domestic attack...
    Scoop politics | 18-10
  • NZ businesses to make child abuse a priority conversation
    Many leading New Zealand businesses have partnered with national child advocacy organisation Child Matters to participate in the fourth annual ‘Buddy Day’ - New Zealand’s only child abuse prevention awareness day....
    Scoop politics | 17-10
  • Tribunal decision significant for SMEs
    The Human Rights Review Tribunal decided this week in favour of an employee’s right not to work on Saturdays for religious reasons. The decision may still be appealed but the Director of the Office of Human Rights Proceedings, Robert Kee,...
    Scoop politics | 17-10
  • On The Nation this weekend
    This weekend on The Nation… New Zealand has been elected to the United Nations Security Council, but what happens next? Lisa Owen interviews Foreign Minister Murray McCully from New York about our goals for reform, what America wants from us...
    Scoop politics | 17-10
  • 1000+ supported by Te Arawa Whanau Ora
    Over 1000 individual whānau members are leading happier, healthier, more successful lives as a result of eight passionate and committed Māori organisations working at the coalface to help whānau find success....
    Scoop politics | 17-10
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