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- Date published:
5:30 pm, October 10th, 2024 - 6 comments
Categories: Daily review -
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Daily review is also your post.
This provides Standardistas the opportunity to review events of the day.
The usual rules of good behaviour apply (see the Policy).
Don’t forget to be kind to each other …
When the council decided to sell the Wellington Airport shares back in May, they were valued at less than $300M.
Now they are valued at up to $500M, they have decided to change their decision and not to sell.
https://wellington.scoop.co.nz/?p=160833
The dividend paid this year was $20M, the average had been under $15M pre COVID.
For mine $500M is the sale price. $20M indicates a 4% dividend return.
Genesis is over 9% dividend return at the current share value. A good buy with interest rates falling (the share value should go back up).
But for risk management (and continuing CG rather than a short to medium term one) a growth fund investment – Reserve Fund.
https://www.1news.co.nz/2024/10/10/wellington-council-overturns-decision-to-sell-airport-shares/
Big congratulations to the Labour councillors that killed the sale.
In your eye Tory.
Meh. Economically illiterate.
And they voted with Diane Calvert, Ray Chung, Tony Randle, Nicola Young – who would have voted with a right wing Mayor to sell. Their purpose in re-litigating the 10 year plan will not be good.
And then there is this
The next election Oct 2025.
https://www.nzherald.co.nz/nz/wellington-city-council-votes-to-stop-controversial-airport-shares-sale/JQ7BP4QPXNBAHBK7D7R47QFORM/
The deficit for the year to June 30 2023 was $9.4B
As late as May***, the government forecast a June 30 2024 deficit of $11.1B.
She claims***
The government sent in Levy for similar inaccurate forecasts in Health (but al least there we know more nurses, doing more health stuff and fixing past underpayments to staff were involved – such amounts are national aggregates of the old HB system).
Hipkins floats on the Breeze with the easy to re-state hits
https://www.rnz.co.nz/news/political/530375/not-in-great-shape-new-figures-reveal-budget-deficit-growing
Best read of the day.
.
Last November, during a symposium at Mount Vernon on democracy, John Kelly, the retired Marine Corps general who served as Donald Trump’s second chief of staff, spoke about George Washington’s historic accomplishments—his leadership and victory in the Revolutionary War, his vision of what an American president should be. And then Kelly offered a simple, three-word summary of Washington’s most important contribution to the nation he liberated.
“He went home,” Kelly said.
[…]
Trump is the man the Founders feared might arise from a mire of populism and ignorance, a selfish demagogue who would stop at nothing to gain and keep power. Washington foresaw the threat to American democracy from someone like Trump: In his farewell address, he worried that “sooner or later the chief of some prevailing faction” would manipulate the public’s emotions and their partisan loyalties “to the purposes of his own elevation, on the ruins of public liberty.”
https://www.theatlantic.com/magazine/archive/2024/11/george-washington-nightmare-donald-trump/679946/?gift=otEsSHbRYKNfFYMngVFweJHYwL965EM4vm-7lYu6zSE
The Minister of Defence indulges in anonymous blog post retaliation. She conveniently targets an Australian commenter but the very worst misogyny comes from the blog site run by her friend, David Farrar.
Better start looking closer to home at your own supporters. It would be a road to Damascus moment if she wasn't such blind idiot. If and when she stops fake sobbing she might consider this…
https://www.stuff.co.nz/nz-news/350447560/watch-judith-collins-lets-loose-australian-armchair-admiral