economy

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Media response to Labour’s budget

Written By: - Date published: 8:42 am, December 15th, 2017 - 114 comments

Media response to the new Government’s mini budget has been overwhelmingly positive.

Economy 2018

Written By: - Date published: 8:00 am, December 9th, 2017 - 31 comments

It’s that time of year where we start making predictions for 2018. I see it looking not too hot, not too cold.

TPP, Corporate Coup or “Free trade”?

Written By: - Date published: 9:07 pm, November 8th, 2017 - 99 comments

However. TPP ( The trans Pacific partnership) is NOT a “Free trade” agreement. It is an attempt to cement in corporate power, to override inconvenient  local Democracy, and collect rents from local communities in perpetuity.
Since when was giving large companies extra rights in law, and rights to extract even more economic rents, “Free trade”?

The mess that the new government inherits

Written By: - Date published: 11:47 am, October 23rd, 2017 - 50 comments

This post is too long to read. Its purpose is to serve as reference material, a “one stop” snapshot of where we are as a country. The mess that the new government inherits. The consequences of the nine long wasted years of National. The magnitude of the challenge ahead of us.

Donkey Dick Duncan

Written By: - Date published: 11:34 am, October 9th, 2017 - 318 comments

Gross political incompetence, not immigration, is what lies behind and beneath New Zealand’s infra-structure problems. Only a excited donkey’s dick waving in a stiff breeze might point accusingly towards immigrants and immigration as the problem.

Uncertainty doesn’t bother “the market” at all

Written By: - Date published: 7:02 am, October 3rd, 2017 - 57 comments

There is no “strong and stable” government to “lead” us. Maximum uncertainty! No end in sight! According to received wisdom (and all those people in a self-interested rush to ordain the born-to-rule-party) the market should be panicking! In fact…

Good work if you can get it

Written By: - Date published: 8:37 am, September 27th, 2017 - 116 comments

During the election campaign elements of the farming community protested the possibility of a water tax and of farming being in the ETS on the basis the sector could not afford it.  In awkward news it has since come to light that the Chief Executive of Fonterra and senior executives are being paid huge salaries.

Oram on Nats’ poor record and why we should vote for change

Written By: - Date published: 10:36 am, September 17th, 2017 - 89 comments

Rod Oram at Newsroom: “More of the same won’t deliver for New Zealand. Hopefully, new leaders and policies will.”

Finance debate – Grant Robertson vs big flaming gasbag

Written By: - Date published: 8:32 am, September 7th, 2017 - 54 comments

The RNZ debate between Labour and Nat finance spokespersons has just concluded – Grant Robertson vs a big flaming gasbag. Robertson very strong, gasbag unable to name One Single Person who agrees with his $11.7bn big lie.

Liar Joyce’s shifting goal posts and zero budgets

Written By: - Date published: 8:13 am, September 6th, 2017 - 16 comments

Hopelessly compromised Steven Joyce is trying to shift the goalposts from his thoroughly exposed $11.7bn lie to Labour’s “zero budgets”. He’s clutching at straws…

Joyce and English now laughing stock

Written By: - Date published: 7:01 am, September 6th, 2017 - 145 comments

Post John Key all National ever had going for it was an undeserved reputation for financial competence. Now that is gone too. It doesn’t get any worse than this 3 weeks out from an election.

A test for NZ media and democracy

Written By: - Date published: 11:01 am, September 5th, 2017 - 23 comments

The Nats are not backing down from their $11.7bn lie. The media need to call it loudly for the big lie that it is. This is now a test for NZ’s democracy.

Steven Joyce – liar or fool?

Written By: - Date published: 7:01 am, September 5th, 2017 - 50 comments

The economists have spoken, and Steven Joyce’s claim that there is a $11.7bn “hole” in Labours’ fiscal plan shows him to be either a liar or a fool. Shame on Bill English for repeating it in the debate.

Bernard Hickey: Bill English’s Trump-like denial of a productivity problem

Written By: - Date published: 7:03 am, September 2nd, 2017 - 84 comments

Being compared to Trump has got to hurt. And shouldn’t there be consequences when a PM flat out lies to the country on the state of the economy?

PREFU

Written By: - Date published: 8:18 am, August 23rd, 2017 - 47 comments

Today is the day for Treasury’s Pre-Election Fiscal Update (PREFU).

National – Delivering no pay rises for NZ

Written By: - Date published: 8:29 am, August 17th, 2017 - 15 comments

Expect plenty of Nat boasting on “the economy” in the election campaign. They’ll be desperate to hide the inconvenient fact that ordinary workers are going backwards.

The truth behind job numbers

Written By: - Date published: 7:04 am, July 25th, 2017 - 25 comments

Bruce Munro’s excellent piece in the ODT, looks in to the truth behind the Nats’ job numbers: “It does not take much digging in Statistics New Zealand’s latest Household Labour Force Survey to uncover a growing world of low-paid work, insufficient working hours, financial struggles and unfulfilled lives”.

The cost of the surplus

Written By: - Date published: 12:39 pm, July 6th, 2017 - 9 comments

Where are our priorities?

The great Auckland housing crash of 2017

Written By: - Date published: 7:02 am, July 6th, 2017 - 79 comments

Two indicators both agree that the Auckland property market has started trending downwards. Over leveraged buyers are going to get burned, and first time buyers are still shut out. Perfect.

Jesse Mulligan owned Bill English on national television

Written By: - Date published: 6:45 am, June 27th, 2017 - 48 comments

Getting very bloody angry and speaking truth to power.

Our brilliant economy

Written By: - Date published: 10:49 am, June 16th, 2017 - 51 comments

We need new thinking on the economy – zero emissions, sustainable, a big redistribution from rich to poor. But the list of current economic woe shows that even on their own old conventional terms the Nats are useless economic managers.

Fabian seminar tonight: What would a people’s Budget look like?

Written By: - Date published: 12:23 pm, June 14th, 2017 - 5 comments

Something to check out if you are in Auckland tonight, the CTU’s Bill Rosenberg discusses the budget. He will “examine the Government’s priorities and look at what needs to be done”.

Immigration and economic growth

Written By: - Date published: 8:16 am, June 14th, 2017 - 54 comments

English’s scaremongering about Labour’s immigration policy does nothing but highlight the fundamental weakness of our economy. Just how anemic are we after 9 long years?

Nats propose centrally planned economy

Written By: - Date published: 2:38 pm, May 12th, 2017 - 21 comments

Not even joking.

NRT: Inflation and poverty

Written By: - Date published: 4:13 pm, May 4th, 2017 - 8 comments

I/S at No Right Turn writes: “The CPI is out today, and it shows that the poor are getting poorer … This is a long-term trend. Since National took office, inflation for poor households has been nearly twice that of rich households.”

Gould explains how money works to Brash

Written By: - Date published: 12:06 pm, April 30th, 2017 - 157 comments

Interesting series of articles in The Herald, where Bryan Gould schools Don Brash on how money works.

Billions of lies

Written By: - Date published: 7:49 am, April 29th, 2017 - 41 comments

The Nats are settling in to election mode – smoke and mirrors. Steven Joyce feeds us billions of dollars worth of lies.

The case for higher wages

Written By: - Date published: 7:01 am, April 26th, 2017 - 31 comments

In the warm afterglow of the huge wage increase for health care workers the case for addressing NZ’s creaking low-wage economy is getting some recognition (along with the effect of immigration on wages).

National’s economic report card fail

Written By: - Date published: 2:52 pm, April 18th, 2017 - 18 comments

Bill English reviews the economy

Though artificially boosted by high immigration and disaster rebuilds, the NZ economy is in the doldrums, and National are a failure even by their own goals and targets. I predict that National will soon abolish all targets, and that this will be “a sign of our success”.

Monbiot on the embedded economy

Written By: - Date published: 11:54 am, April 14th, 2017 - 10 comments

A model for a sustainable economy. Something to ponder on a wet holiday weekend.

Property porn vs. reality

Written By: - Date published: 8:46 am, April 10th, 2017 - 92 comments

Sick of the property porn on the Stuff and Herald websites? It was refreshing to read the truth for a change.

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