Blinglish’s Treasury not so hot
Written By:
- Date published:
4:16 pm, March 29th, 2012 - 12 comments
Categories: bill english, treasury -
Tags: retail deposit guarantee scheme, south canterbury finance
Treasury must have been pleased to get one of their own, Bill English, as its head.
Now they can tell other departments how they should be run, oversee massive cuts to them – all safe in the knowledge that they’ll continue to have fat budget increases and not be judged by any performance criteria they might apply to others.
Except, oops, the Deputy Auditor-General has been poking her nose in. And Bill’s Treasury hasn’t been doing such a sterling job.
And not just on their murky crystal ball predictions, constantly telling us National’s ‘aggressive recovery’ is just around the corner. No, on something that cost the taxpayer hundreds of millions of dollars.
The Retail Deposit Guarantee Scheme was set up in haste as needed by the Global Financial Crisis, but then Treasury, despite lots of near identical schemes in other running in other countries, failed to learn or move on from “reactive and crisis management mode”.
“They didn’t move to a more strategic approach to think in broader terms, what they were doing, what were the issues they had to manage. They did eventually but perhaps not as soon as they could have,” [Deputy Auditor-General] Ms Smith said.
“As a policy ministry, where was the policy work? Where were the policy expertise to say ‘actually we’ve got something unprecedented here, is there a better way of going about it?’.”
It’s pretty damning.
As a result Finance Companies and their customers knew they could use the advantage of their high interest rates, with no risk to anyone but the taxpayer. The outcome? South Canterbury Finance and 8 others folding and a $2 billion taxpayer bill. Still, at least their customers got all their high-interest payments…
Treasury basically buried its head in the sand as to the obvious problem, not even asking the Reserve Bank for information. Bill English appears to have shown no lead – he doesn’t appear to have requested any information or shown any oversight of Treasury.
Which is surely the point of a Minister of the Crown.
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- Release: Public transport costs to double as National looks at unaffordable roading project insteadCancelling urgently needed new Cook Strait ferries and hiking the cost of public transport for many Kiwis so that National can announce the prospect of another tunnel for Wellington is not making good choices, Labour Transport Spokesperson Tangi Utikere said. ...2 weeks ago
- Release: Cost of living in Auckland still not a priorityA laundry list of additional costs for Tāmaki Makarau Auckland shows the Minister for the city is not delivering for the people who live there, says Labour Auckland Issues spokesperson Shanan Halbert. ...2 weeks ago
- Te Pāti Māori to visit Queensland to strengthen ties with Māori in AustraliaTe Pāti Māori co-leader Rawiri Waititi, and Mema Paremata mō Tāmaki-Makaurau, Takutai Tarsh Kemp, will travel to the Gold Coast to strengthen ties with Māori in Australia next week (15-21 April). The visit, in the lead-up to the 9th Australian National Kapa haka Festival, will be an opportunity for both ...2 weeks ago
- Greens look to fast-track submissions on harmful lawThe Green Party has today launched a step-by-step guide to help New Zealanders make their voice heard on the Government’s democracy dodging and anti-environment fast track legislation. ...3 weeks ago
- Release: Govt should stop making people’s lives harder and build more homesThe National Government’s proposed changes to the Residential Tenancies Act will mean tenants can be turfed from their homes by landlords with little notice, Labour housing spokesperson Kieran McAnulty said. ...3 weeks ago
- Release: Melissa Lee missing in action on mediaThe action Melissa Lee promised to protect democracy and the media sector is missing, Media and Communications spokesperson Willie Jackson said. ...3 weeks ago
- Landlord Government leaves little hope for rentersThe Government’s announcement on tenancy rules prove that it does not care about renters. ...3 weeks ago
- Community hui to talk about kina barrens
People with an interest in the health of Northland’s marine ecosystems are invited to a public meeting to discuss how to deal with kina barrens, Oceans and Fisheries Minister Shane Jones says. Mr Jones will lead the discussion, which will take place on Friday, 10 May, at Awanui Hotel in ...5 hours ago - Kiwi exporters win as NZ-EU FTA enters into forceKiwi exporters are $100 million better off today with the NZ EU FTA entering into force says Trade Minister Todd McClay. “This is all part of our plan to grow the economy. New Zealand's prosperity depends on international trade, making up 60 per cent of the country’s total economic activity. ...5 hours ago
- Mining resurgence a welcome signThere are heartening signs that the extractive sector is once again becoming an attractive prospect for investors and a source of economic prosperity for New Zealand, Resources Minister Shane Jones says. “The beginnings of a resurgence in extractive industries are apparent in media reports of the sector in the past ...7 hours ago
- Ō-Rākau Remembrance Bill passes first readingThe return of the historic Ō-Rākau battle site to the descendants of those who fought there moved one step closer today with the first reading of Te Pire mō Ō-Rākau, Te Pae o Maumahara / The Ō-Rākau Remembrance Bill. The Bill will entrust the 9.7-hectare battle site, five kilometres west ...21 hours ago
- Government to boost public EV charging networkEnergy Minister Simeon Brown has announced 25 new high-speed EV charging hubs along key routes between major urban centres and outlined the Government’s plan to supercharge New Zealand’s EV infrastructure. The hubs will each have several chargers and be capable of charging at least four – and up to 10 ...22 hours ago
- Residential Property Managers Bill to not progressThe coalition Government will not proceed with the previous Government’s plans to regulate residential property managers, Housing Minister Chris Bishop says. “I have written to the Chairperson of the Social Services and Community Committee to inform him that the Government does not intend to support the Residential Property Managers Bill ...22 hours ago
- Independent review into disability support servicesThe Government has announced an independent review into the disability support system funded by the Ministry of Disabled People – Whaikaha. Disability Issues Minister Louise Upston says the review will look at what can be done to strengthen the long-term sustainability of Disability Support Services to provide disabled people and ...1 day ago
- Justice Minister updates UN on law & order planJustice Minister Paul Goldsmith has attended the Universal Periodic Review in Geneva and outlined the Government’s plan to restore law and order. “Speaking to the United Nations Human Rights Council provided us with an opportunity to present New Zealand’s human rights progress, priorities, and challenges, while responding to issues and ...1 day ago
- Ending emergency housing motels in RotoruaThe Government and Rotorua Lakes Council are committed to working closely together to end the use of contracted emergency housing motels in Rotorua. Associate Minister of Housing (Social Housing) Tama Potaka says the Government remains committed to ending the long-term use of contracted emergency housing motels in Rotorua by the ...1 day ago
- Trade Minister travels to Riyadh, OECD, and DubaiTrade Minister Todd McClay heads overseas today for high-level trade talks in the Gulf region, and a key OECD meeting in Paris. Mr McClay will travel to Riyadh to meet with counterparts from Saudi Arabia and the Gulf Cooperation Council (GCC). “New Zealand’s goods and services exports to the Gulf region ...2 days ago
- Education priorities focused on lifting achievementEducation Minister Erica Stanford has outlined six education priorities to deliver a world-leading education system that sets Kiwi kids up for future success. “I’m putting ambition, achievement and outcomes at the heart of our education system. I want every child to be inspired and engaged in their learning so they ...2 days ago
- NZTA App first step towards digital driver licenceThe new NZ Transport Agency (NZTA) App is a secure ‘one stop shop’ to provide the services drivers need, Transport Minister Simeon Brown and Digitising Government Minister Judith Collins say. “The NZTA App will enable an easier way for Kiwis to pay for Vehicle Registration and Road User Charges (RUC). ...2 days ago
- Supporting whānau out of emergency housingWhānau with tamariki growing up in emergency housing motels will be prioritised for social housing starting this week, says Associate Housing Minister Tama Potaka. “Giving these whānau a better opportunity to build healthy stable lives for themselves and future generations is an essential part of the Government’s goal of reducing ...2 days ago
- Tribute to Dave O'SullivanRacing Minister Winston Peters has paid tribute to an icon of the industry with the recent passing of Dave O’Sullivan (OBE). “Our sympathies are with the O’Sullivan family with the sad news of Dave O’Sullivan’s recent passing,” Mr Peters says. “His contribution to racing, initially as a jockey and then ...2 days ago
- Speech – Eid al-FitrAssalaamu alaikum, greetings to you all. Eid Mubarak, everyone! I want to extend my warmest wishes to you and everyone celebrating this joyous occasion. It is a pleasure to be here. I have enjoyed Eid celebrations at Parliament before, but this is my first time joining you as the Minister ...2 days ago
- Government saves access to medicinesAssociate Health Minister David Seymour has announced Pharmac’s largest ever budget of $6.294 billion over four years, fixing a $1.774 billion fiscal cliff. “Access to medicines is a crucial part of many Kiwis’ lives. We’ve committed to a budget allocation of $1.774 billion over four years so Kiwis are ...2 days ago
- Pharmac Chair appointedHon Paula Bennett has been appointed as member and chair of the Pharmac board, Associate Health Minister David Seymour announced today. "Pharmac is a critical part of New Zealand's health system and plays a significant role in ensuring that Kiwis have the best possible access to medicines,” says Mr Seymour. ...3 days ago
- Taking action on Fetal Alcohol Spectrum DisorderHundreds of New Zealand families affected by Fetal Alcohol Spectrum Disorder (FASD) will benefit from a new Government focus on prevention and treatment, says Health Minister Dr Shane Reti. “We know FASD is a leading cause of preventable intellectual and neurodevelopmental disability in New Zealand,” Dr Reti says. “Every day, ...4 days ago
- New sports complex opens in KaikoheRegional Development Minister Shane Jones today attended the official opening of Kaikohe’s new $14.7 million sports complex. “The completion of the Kaikohe Multi Sports Complex is a fantastic achievement for the Far North,” Mr Jones says. “This facility not only fulfils a long-held dream for local athletes, but also creates ...4 days ago
- Diplomacy needed more than everForeign Minister Winston Peters’ engagements in Türkiye this week underlined the importance of diplomacy to meet growing global challenges. “Returning to the Gallipoli Peninsula to represent New Zealand at Anzac commemorations was a sombre reminder of the critical importance of diplomacy for de-escalating conflicts and easing tensions,” Mr Peters ...4 days ago
- Anzac Commemorative Address, Buttes New British Cemetery BelgiumAmbassador Millar, Burgemeester, Vandepitte, Excellencies, military representatives, distinguished guests, ladies and gentlemen – good morning and welcome to this sacred Anzac Day dawn service. It is an honour to be here on behalf of the Government and people of New Zealand at Buttes New British Cemetery, Polygon Wood – a deeply ...5 days ago
- Anzac Commemorative Address – NZ National Service, Chunuk BairDistinguished guests - It is an honour to return once again to this site which, as the resting place for so many of our war-dead, has become a sacred place for generations of New Zealanders. Our presence here and at the other special spaces of Gallipoli is made ...6 days ago
- Anzac Commemorative Address – Dawn Service, Gallipoli, TürkiyeMai ia tawhiti pamamao, te moana nui a Kiwa, kua tae whakaiti mai matou, ki to koutou papa whenua. No koutou te tapuwae, no matou te tapuwae, kua honoa pumautia. Ko nga toa kua hinga nei, o te Waipounamu, o te Ika a Maui, he okioki tahi me o ...6 days ago
- PM announces changes to portfoliosPaul Goldsmith will take on responsibility for the Media and Communications portfolio, while Louise Upston will pick up the Disability Issues portfolio, Prime Minister Christopher Luxon announced today. “Our Government is relentlessly focused on getting New Zealand back on track. As issues change in prominence, I plan to adjust Ministerial ...1 week ago
- New catch limits for unique fishery areasRecreational catch limits will be reduced in areas of Fiordland and the Chatham Islands to help keep those fisheries healthy and sustainable, Oceans and Fisheries Minister Shane Jones says. The lower recreational daily catch limits for a range of finfish and shellfish species caught in the Fiordland Marine Area and ...1 week ago
- Minister welcomes hydrogen milestoneEnergy Minister Simeon Brown has welcomed an important milestone in New Zealand’s hydrogen future, with the opening of the country’s first network of hydrogen refuelling stations in Wiri. “I want to congratulate the team at Hiringa Energy and its partners K one W one (K1W1), Mitsui & Co New Zealand ...1 week ago
- Urgent changes to system through first RMA Amendment BillThe coalition Government is delivering on its commitment to improve resource management laws and give greater certainty to consent applicants, with a Bill to amend the Resource Management Act (RMA) expected to be introduced to Parliament next month. RMA Reform Minister Chris Bishop has today outlined the first RMA Amendment ...1 week ago
- Overseas decommissioning models consideredOverseas models for regulating the oil and gas sector, including their decommissioning regimes, are being carefully scrutinised as a potential template for New Zealand’s own sector, Resources Minister Shane Jones says. The Coalition Government is focused on rebuilding investor confidence in New Zealand’s energy sector as it looks to strengthen ...1 week ago
- Release of North Island Severe Weather Event InquiryEmergency Management and Recovery Minister Mark Mitchell has today released the Report of the Government Inquiry into the response to the North Island Severe Weather Events. “The report shows that New Zealand’s emergency management system is not fit-for-purpose and there are some significant gaps we need to address,” Mr Mitchell ...1 week ago
- Justice Minister to attend Human Rights CouncilJustice Minister Paul Goldsmith is today travelling to Europe where he’ll update the United Nations Human Rights Council on the Government’s work to restore law and order. “Attending the Universal Periodic Review in Geneva provides us with an opportunity to present New Zealand’s human rights progress, priorities, and challenges, while ...1 week ago
- Patterson reopens world’s largest wool scouring facilityAssociate Agriculture Minister, Mark Patterson, formally reopened the world’s largest wool processing facility today in Awatoto, Napier, following a $50 million rebuild and refurbishment project. “The reopening of this facility will significantly lift the economic opportunities available to New Zealand’s wool sector, which already accounts for 20 per cent of ...1 week ago
- Speech to the Southland Otago Regional Engineering Collective Summit, 18 April 2024Hon Andrew Bayly, Minister for Small Business and Manufacturing At the Southland Otago Regional Engineering Collective (SOREC) Summit, 18 April, Dunedin Ngā mihi nui, Ko Andrew Bayly aho, Ko Whanganui aho Good Afternoon and thank you for inviting me to open your summit today. I am delighted ...1 week ago
- Government to introduce revised Three Strikes lawThe Government is delivering on its commitment to bring back the Three Strikes legislation, Associate Justice Minister Nicole McKee announced today. “Our Government is committed to restoring law and order and enforcing appropriate consequences on criminals. We are making it clear that repeat serious violent or sexual offending is not ...1 week ago
- New diplomatic appointmentsForeign Minister Winston Peters has today announced four new diplomatic appointments for New Zealand’s overseas missions. “Our diplomats have a vital role in maintaining and protecting New Zealand’s interests around the world,” Mr Peters says. “I am pleased to announce the appointment of these senior diplomats from the ...1 week ago
- Humanitarian support for Ethiopia and SomaliaNew Zealand is contributing NZ$7 million to support communities affected by severe food insecurity and other urgent humanitarian needs in Ethiopia and Somalia, Foreign Minister Rt Hon Winston Peters announced today. “Over 21 million people are in need of humanitarian assistance across Ethiopia, with a further 6.9 million people ...1 week ago
- Arts Minister congratulates Mataaho CollectiveMinister for Arts, Culture and Heritage Paul Goldsmith is congratulating Mataaho Collective for winning the Golden Lion for best participant in the main exhibition at the Venice Biennale. "Congratulations to the Mataaho Collective for winning one of the world's most prestigious art prizes at the Venice Biennale. “It is good ...1 week ago
- Supporting better financial outcomes for KiwisThe Government is reforming financial services to improve access to home loans and other lending, and strengthen customer protections, Commerce and Consumer Affairs Minister Andrew Bayly and Housing Minister Chris Bishop announced today. “Our coalition Government is committed to rebuilding the economy and making life simpler by cutting red tape. We are ...1 week ago
- Trade relationship with China remains strong“China remains a strong commercial opportunity for Kiwi exporters as Chinese businesses and consumers continue to value our high-quality safe produce,” Trade and Agriculture Minister Todd McClay says. Mr McClay has returned to New Zealand following visits to Beijing, Harbin and Shanghai where he met ministers, governors and mayors and engaged in trade and agricultural events with the New ...1 week ago
- PM’s South East Asia mission does the businessPrime Minister Christopher Luxon has completed a successful trip to Singapore, Thailand and the Philippines, deepening relationships and capitalising on opportunities. Mr Luxon was accompanied by a business delegation and says the choice of countries represents the priority the New Zealand Government places on South East Asia, and our relationships in ...2 weeks ago
- $41m to support clean energy in South East AsiaNew Zealand is demonstrating its commitment to reducing global greenhouse emissions, and supporting clean energy transition in South East Asia, through a contribution of NZ$41 million (US$25 million) in climate finance to the Asian Development Bank (ADB)-led Energy Transition Mechanism (ETM). Prime Minister Christopher Luxon and Climate Change Minister Simon Watts announced ...2 weeks ago
- From Gallipoli to Gaza: remembering the Anzacs not as a ‘coming of age’ tale but as a lesson for...
ANALYSIS: By Olli Hellmann, University of Waikato When New Zealanders commemorate Anzac Day today on April 25, it’s not only to honour the soldiers who lost their lives in World War I and subsequent conflicts, but also to mark a defining event for national identity. The battle of Gallipoli against ...25 mins ago - ‘A major shakeup’: the Optus outage has been investigated. What’s going to change now?Source: The Conversation (Au and NZ) – By Mark A Gregory, Associate Professor, School of Engineering, RMIT University The telecommunications industry faces a major shakeup following the release of the post-incident report on last November’s 12-hour Optus outage. Telecommunications companies will have to share more information with customers during future ...39 mins ago
- Unemployment Data Shows Need For Govt To Act Now
NZCTU Economist Craig Renney said new data released by Statistics New Zealand shows the need for Government to act now, with unemployment rising from 3.4% to 4.3%. ...42 mins ago - Ngāti Kahungunu becomes NZ’s first iwi to call for a Gaza ceasefireAsia Pacific Report Ngāti Kahungunu in Aotearoa New Zealand’s Hawkes Bay region has become the first indigenous Māori iwi (tribe) to sign a resolution calling for a “ceasefire in Palestine”, reports Te Ao Māori News. Reporter Te Aniwaniwa Paterson talked to Te Otāne Huata, who has been organising peace rallies ...1 hour ago
- PNG businesses want grants, not loans over Black Wednesday riotsBy Dale Luma in Port Moresby “We want grants and not concessional loans,” is the crisp message from Papua New Guinea businesses directly affected by the Black Wednesday looting four months ago. The businesses, which lost millions after the January 10 rioting and looting, say they need grants as part ...1 hour ago
- Pay bump for politicians: What you need to know
Explainer - MPs are about to get a pay bump, but is it fair and how does it compare to other countries? ...2 hours ago - School lunches funding likely to be time-limitedIt's an approach to funding the government has spent months criticising Labour over - calling them "fiscal cliffs" . ...3 hours ago
- Cum chairs, stolen pay and shitting bans: Workers share their horror stories with us
Happy May Day. Join a union. Q: What’s worse than a staff break room where the only place to sit and have a cup of tea is on a teetering stack of old pornography magazines? A: Your boss replacing the magazine stacks with chairs that are “heartily encrusted with ...3 hours ago - Landlord Government Once Again Pushes Renters Into The ColdThe Coalition is trying to axe yet another opportunity to improve rentals by dropping the Residential Property Managers Bill. ...3 hours ago
- Ready, set, go in Solomons PM race – Jeremiah Manele vs Matthew WaleBy Koroi Hawkins, RNZ Pacific editor Former opposition leader Matthew Wale has been announced as the second prime ministerial candidate ahead of the election in Solomon Islands tomorrow. He will face off against former foreign affairs minister Jeremiah Manele, who was announced by the Coalition for National Unity and Transformation ...3 hours ago
- Unemployment rate rises to 4.3%Fewer jobs are created and immigration is increasing the size of the workforce, Stats NZ says. ...4 hours ago
- The art of the three-day birthdayWe get but one birthday a year – why not make it last as long as possible by scheduling as many meals with friends and family as you can? This is an excerpt from our weekly food newsletter, The Boil Up. How do you celebrate your birthday? Do you celebrate at ...4 hours ago
- If the industry is to survive, journalists need to convince the public of their worthA Koi Tū discussion paper released today proposes sweeping changes to New Zealand’s media industry. The principal’s key author, Gavin Ellis, explains how journalists have a key role to play in making others value their role in society. This is an abridged version of a piece first published on knightlyviews.com ...4 hours ago
- Government Risks Wellbeing Of Māori With Proposed Cuts To Te Puni KōkiriThe Government’s spending cuts are again targeting support for Māori with proposed reform of the agency charged with advising on Māori wellbeing and development. ...4 hours ago
- What just happened to Bonza? Why new budget airlines always struggle in AustraliaSource: The Conversation (Au and NZ) – By Ian Douglas, Honorary Senior Lecturer, UNSW Aviation., UNSW Sydney The history of budget jet airlines in Australia is a long road littered with broken dreams. New entrants have consistently struggled to get a foothold. Low-cost carrier Bonza has just become the industry’s ...5 hours ago
- Free trade deal with the European Union comes into forceThe European Union ambassador says the FTA will have immediate wins for kiwifruit, apple, and onion growers. ...6 hours ago
- Violence against women is both a legal and cultural problem. What can we do to address it?Source: The Conversation (Au and NZ) – By Rosalind Dixon, Director, Gilbert + Tobin Centre of Public Law, UNSW Sydney Australia is finally having a sustained conversation about violence against women and what we can do about it. It is more than time. Australian women and girls continue to experience ...6 hours ago
- GP clinics are going to pay more payroll tax, which could reduce bulk billingSource: The Conversation (Au and NZ) – By Stephen Duckett, Honorary Enterprise Professor, School of Population and Global Health, and Department of General Practice and Primary Care, The University of Melbourne stockfour/Shutterstock Preliminary bulk billing data released this week shows a 2.1% rise in bulk billing up to March. ...6 hours ago
- ‘Make me a sandwich’: our survey’s disturbing picture of how some boys treat their teachersSource: The Conversation (Au and NZ) – By Samantha Schulz, Senior Lecturer, University of Adelaide Australia is once again grappling with how we can stop gendered violence in our country. Protests over the weekend show there is enormous community anger over the number of women who are dying and National ...6 hours ago
- Australians lose $5,200 a minute to scammers. There’s a simple thing the government could do to re...Source: The Conversation (Au and NZ) – By Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University AnastasiaDudka/Shutterstock What if the government was doing everything it could to stop thieves making off with our money, except the one thing that could really work? That’s how it ...6 hours ago
- Psychological drama, wilderness reality and everyone’s favourite dog: the best of streaming this M...Source: The Conversation (Au and NZ) – By Erin Harrington, Senior Lecturer in English and Cultural Studies, University of Canterbury The Conversation It seems to be a time of old favourites. This month our experts have recommended two new seasons – the second season of Alone Australia (although ...6 hours ago
- Te Tiriti o Waitangi could be heading home after 'long and arduous journey'After 184 years, Te Tiriti o Waitangi may be on its way home. ...6 hours ago
- The Eta Aquariid meteor shower is about to peak and could be the best this century – here’s how ...Source: The Conversation (Au and NZ) – By Jonti Horner, Professor (Astrophysics), University of Southern Queensland A bright Eta Aquariid meteor photobombed this photo of comet C/2020 F8 (SWAN) in May 2020. Jonti Horner Meteors – commonly known as shooting stars – can be seen on any night of the ...6 hours ago
- Wondering what Australia might look like in a hotter world? Take a glimpse into the distant pastSource: The Conversation (Au and NZ) – By Tim Flannery, Honorary fellow, The University of Melbourne Shutterstock Current concentrations of carbon dioxide (CO₂) in Earth’s atmosphere are unprecedented in human history. But CO₂ levels today, and those that might occur in coming decades, did occur millions of years ago. ...6 hours ago
- Foreign minister speech tipped to shed light on Aukus involvementWinston Peters has been keen to dismiss speculation on our involvement in Aukus but will give a speech tonight on the direction of our foreign policy, writes Anna Rawhiti-Connell in this excerpt from The Bulletin, The Spinoff’s morning news round-up. To receive The Bulletin in full each weekday, sign up here. ...7 hours ago
- Will New Zealand’s school phone ban work? Let’s see what it does for students’ curiositySource: The Conversation (Au and NZ) – By Patrick Usmar, Lecturer in Critical Media Literacies, Auckland University of Technology Getty Images With the coalition government’s ban of student mobile phones in New Zealand schools coming into effect this week, reaction has ranged from the sceptical (kids will just get ...7 hours ago
- School's struggle with asbestos removal: 'It's destroyed me'An Auckland school's efforts to get rid of asbestos has been so tough its principal thought of quitting the job. ...7 hours ago
- Hospital hiring has to go through head office in 'short term' budget moveHospitals around the country are not allowed to make a single hiring decision without the approval of Te Whatu Ora's head office, including for cleaners and administration staff. ...8 hours ago
- Urgent democratic need to save NZ’s journalism ecosystem
A new report on protecting journalism and democracy in New Zealand recommends a levy be charged on global platforms like Facebook and Google to fund media firms undertaking public interest reporting. It also calls for the reinstatement of a powerful Broadcasting Commission to distribute public funding for journalism and other ...8 hours ago - Unions Celebrate May Day During Tough Time For Working PeopleOn International Workers' Day, also known as May Day, the New Zealand Council of Trade Unions Te Kauae Kaimahi and the wider union movement are celebrating the proud history of the labour movement during a tough time for working people. ...8 hours ago
- 'Never a right time' – MPs respond to pay rise newsThe pay rises are not particularly great timing when the public is doing it tough, ACT Party leader David Seymour says. ...9 hours ago
- The highs and lows of James Shaw’s 10 years in parliamentFrom bills to beards, a walk through the former Green co-leader’s time in politics. After close to a decade in politics, James Shaw is preparing to bid farewell to parliament. Tonight will see the former minister deliver his valedictory address, certain to be a speech filled with Shaw’s trademark wit ...10 hours ago
- Efeso Collins deserved better than what parliament offered yesterdayTwo months ago, MPs unanimously voted to give themselves a week off in Efeso Collins’ honour. On Tuesday, most were too busy to give even an hour of their time. The day Fa’anānā Efeso Collins died, parliament felt different. In a building that operates at a breakneck pace, everyone stopped ...10 hours ago
- What you need to know about the world’s biggest election, happening right nowIndia’s election involves hundreds of millions of people and is a months-long affair. Here’s how voting works and what’s at stake. The biggest-ever election in world history started on April 19, with more than 10% of the world’s population eligible to vote. Elections in India, the world’s most populous country ...10 hours ago
- We have an emergency emergencyAfter the Christchurch earthquake, the then-national civil defence boss compared his experience to “putting a team on the rugby field who have never ever played together before”. Now, eight years later – and following a damning inquiry into the emergency response of cyclones Gabrielle, Hale and the Auckland anniversary weekend floods – ...10 hours ago
- A body in Devonport“I had just come off the end of a major robbery case which I had been working on for six months when I got a call on the afternoon of September 1, 1992, that some remains had been found at a building site in Devonport, so I drove over with ...10 hours ago
- Newsroom daily quiz, Wednesday 1 MayLoading…(function(i,s,o,g,r,a,m){var ql=document.querySelectorAll('A,DIV,A[data-quiz],DIV[data-quiz]'); if(ql){if(ql.length){for(var k=0;k<ql.length;k++){ql[k].id='quiz-embed-'+k;ql[k].href="javascript:var i=document.getElementById('quiz-embed-"+k+"');try{qz.startQuiz(i)}catch(e){i.start=1;i.style.cursor='wait';i.style.opacity='0.5'};void(0);"}}};i['QP']=r;i[r]=i[r]||function(){(i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)})(window,document,'script','https://take.quiz-maker.com/3012/CDN/quiz-embed-v1.js','qp'); Got a good quiz question? Send Newsroom your questions. The post Newsroom daily quiz, Wednesday 1 May appeared first on Newsroom. ...10 hours ago
- Beef and beliefs: EU diplomat on the NZ relationshipBrussels’ man in Wellington on our newly active trade deal and the shared values underpinning ties The post Beef and beliefs: EU diplomat on the NZ relationship appeared first on Newsroom. ...10 hours ago
- If not journalists, then who?Comment: Journalists are very good at telling other people’s stories, but they fall well short when writing about their own profession. Perhaps that is why it is so undervalued. Every successive poll on the public’s attitude toward journalism is more alarming than the last. In the last month we have ...10 hours ago
- Preterm babies deserve better careOpinion: A young Māori woman and her Pacific partner arrive at their local hospital by ambulance. She has gone into labour at just under 24 weeks, but the couple haven’t recognised the symptoms – and don’t know the risks of premature birth for their baby. By the time they arrive, ...10 hours ago
- Bishop backtracks after fast-track backlashBehind closed doors, NZ First will be arguing fiercely against any watering down of the ministerial decision-making powers in the Bill The post Bishop backtracks after fast-track backlash appeared first on Newsroom. ...10 hours ago
- Boy in the Water: Mum speaks publicly for first timeEmotional scenes played out in the Invercargill courthouse on the first two days of the coronial inquest into the death of Gore toddler Lachlan Jones, in which the boy’s mother was accused of disposing of her son’s body. The second season of Newsroom’s award-nominated podcast The Boy in the Water ...10 hours ago
- When the doghouse is an upgrade, ECE is in troubleOpinion: The impression from the carpark is very inviting. The area is well fenced but barred so there is easy visibility of loved ones. Inside, the spaces are welcoming and clean and staff are friendly and clearly comfortable. I am greeted by ‘Kim’. She has worked here for three years, ...10 hours ago
- Daily crossword, Wednesday 1 MayThe post Daily crossword, Wednesday 1 May appeared first on Newsroom. ...10 hours ago
- Boards, don’t just wait for the axe to fallOpinion: Community organisation board members need to step up their strategic thinking The post Boards, don’t just wait for the axe to fall appeared first on Newsroom. ...10 hours ago
- Pacific alliance condemns France over bid to ‘derail’ Kanaky decolonisationAsia Pacific Report A Pacific civil society alliance has condemned French neocolonial policies in Kanaky New Caledonia, saying Paris is set on “maintaining the status quo” and denying the indigenous Kanak people their inalienable right to self-determination. The Pacific Regional Non-Governmental Organisations (PRNGOs) Alliance, representing some 15 groups, said in ...12 hours ago
- New Koi Tū future report calls for overhaul of outdated NZ mediascape to restore trustKoi Tū New Zealand cannot sit back and see the collapse of its Fourth Estate, the director of Koi Tū: The Centre for Informed Futures, Sir Peter Gluckman, says in the foreword of a paper published today. The paper, “If not journalists, then who?” paints a picture of an industry ...13 hours ago
- Chalmers outlines a more ‘risk-based’ foreign investment policy and guardrails around Future Mad...Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Foreign investment proposals with implications for Australia’s strategic or economic security will face tougher scrutiny, under a policy overhaul to be announced by Treasurer Jim Chalmers on Wednesday. At the same time, the government ...14 hours ago
- National first introduced piece of Oranga Tamariki Act legislation it now seeks to repeal – Wi...A Waitangi Tribunal inquiry report has warned government that a repeal of Section 7AA of the Oranga Tamariki Act could cause harm to children in care. ...18 hours ago
- New Papers On Government Consumption Multipliers, Automatic Stabilisers And Economic ShocksThe Treasury has published today three new papers covering government consumption multipliers, automatic stabilisers and the impacts of global shocks on New Zealand’s economy. ...19 hours ago
- Pacific state of Hawai’i first in US to pass dual Gaza ceasefire resolutionsAsia Pacific Report The Pacific state of Hawai’i’s House of Representatives has joined the state’s Senate in calling for a ceasefire in Israel’s war on Gaza, becoming the first state to pass such a resolution, reports Hawaii News Now. In March, the Senate passed a ceasefire resolution with a 24–1 ...19 hours ago
- Australia just made a billion-dollar bet on building the world’s first ‘useful’ quantum comput...Source: The Conversation (Au and NZ) – By Christopher Ferrie, A/Prof, UTS Chancellor’s Postdoctoral Research and ARC DECRA Fellow, University of Technology Sydney PsiQuantum The Australian government has announced a pledge of approximately A$940 million (US$617 million) to PsiQuantum, a quantum computing start-up company based in Silicon Valley. Half ...20 hours ago
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Sigh, more incompetency. I’m starting to see a pattern here……
Of course he would show no interest and not oversee – that would just leave a trail. A trail that would leave only one conclusion, given the then state of affairs with SCF and others, namely that SCF should NEVER have been allowed to remain in the scheme that long. English would have been well aware of this.
In fact, that is what John Key admitted the day he and Bill English came to power – that they knew SCF was going to go bust. Key said Treasury told them that very thing (and they would have known personally anyway – bloody everybody else with a business brain in the South Island did).
This was is the biggest vote buying scandal ever.
GREED.
The greed of the investor saps who lusted after an additional 2% per annum on their savings and refused to consider the risks.
The greed of the finance companies as they didn’t get off the runaway train (though some did).
The greed of the politicians as they saw the opportunity to preserve some of their voting base.
Aint it great to have such fine upstanding people running our government at the moment.
Despicable, is it not…
We know what the answers will be when questions are asked of Bill English
Its only one persons opinion !
Blame labour, Chch, the GFC then create a diversion using sock puppets which is all it takes with our MSM.
Wow, to make a sock puppet of Gerry would entail getting a mighty big sock – Nick Smith just had one, wonder where it went? Then we could donate said “Big Ger” puppet to the Children of Finland!! Who needs Pin the Tail on the Donkey when you can stick pins in Old Ger?
Generally, I think you’ll find this is Treasury itself and has nothing to do with which government is in power. The mindset at Treasury is probably due to the delusional, reactive theory that they get crammed into their brains while at uni – to be able to accept the BS that they’re taught they, quite literally, have to turn off their thinking. So we get a culture of reactive, non-critical thinking based around trying to fit what actually happens into the ideology that they carry.
Sounds like management studies or an MBA where the sheeple perform like trained seals for the pleasure of working under such demi gods.
I don’t think that washes does it mr b… the retail deposit guarantee scheme was a very large gigantic scheme to cope with a genuine financial meltdown (not tyhe finance companies but they tagged along) and as such whichever government was in power had this surely near the top of the list. It was no small matter.
Again, English and Key have deceived over this and SCF and this treasury incompetence would have been well known at the time by English.
you can fool some of the people some of the time ……
In the house english still blames labour,it was labour’s policy, he says with glee,ok mr
english please explain that when the treasury warned that he wasn’t acting under the
terms and conditions of the retail deposit scheme,why did he change the terms and
conditions of the retail deposit scheme and then called a meeting for investors of scf to tell them ‘you now have a crown guarantee’
The dates of the change of terms and conditions can be found on the treasury website
and also on the national party website.
A google search will give the meeting he called with scf investors,so all the info
is out there.
His continual blaming of labour may just come back to bite him where it hurts.
Excuse the slight hijacking of the thread, but can anyone enlighten me as to the constitutional positional of the Secretary of the Treasury? Makhlouf seems to feel mandated to mouth off about any government policy and anything he thinks should be government policy. Any other civil servant would be strung up for the same behaviour. Is treasury entitled to behave like this (publically) or does the Government (and opposition, media…) have such neo-liberal penis envy that they’ll let them get away with anything?
Makhlouf was at the ‘asianbankerforums.com’ meeting and one of the speakers at the
Global Government Finance Summit on september 28-29 2010, he worked wtih
gordon brown in the uk.
He began his employment in the treasury in march 2011.
If you go to the above link there is more about him.
It’s not unusual for Treasury Secretary to set out pretty robust policy. In fact you can go back to Sutch with that kind of independence.
Question is whether the new Ministry of Business and Innovation will have the clarity and drive to offer competing advice to Treasury. Or at very least that the two Ministries are required to be unanimous and integrated in their views. Unlikely, and I don’t even see that under Labour.
If only Social Development had that kind of ambit.
Huge pity that the current government gets to choose the new Governor of the Reserve Bank. That’s a real 10-year policy lock-in.
We should be on the watch for senior appointments prior to 2014 – because that’s where real policy implementation lies.
If this lot get a sniff that Labour-Greens are only in for a term at the end of 2014, then they will stall and just wait them out. Again.
Only way to turn the system is to come in with a Cabinet with real unity and muscle and purpose. Shearer for that, anyone?