overseas investment

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Bottom lines weaker than tissue paper

Written By: - Date published: 8:02 pm, October 13th, 2015 - 287 comments

Today, Labour showed the commercial world that its non-negotiable “bottom lines” are actually very negotiable, and even disposable.

TPP roundup

Written By: - Date published: 6:34 am, October 7th, 2015 - 161 comments

A roundup of the best analysis of and reaction to the TPP. The gains are minor and delayed, the losses are real. In NZ we don’t have any democratic input into ratification, but the US does, and the deal may fall there.

An Open Letter to the Real Estate Whistleblower

Written By: - Date published: 10:00 am, July 16th, 2015 - 375 comments

We don’t know who the real estate whistleblower is, but we do know they have done New Zealand a significant service. Courage takes many forms, but risking your career to alert your country to a hidden crisis should be recognised for the bravery it is. Thank you, you’ve done us proud.

Phil Quin resigns from Labour

Written By: - Date published: 12:37 pm, July 14th, 2015 - 390 comments

Phil Quin: “I cannot, however, belong to an organisation that considers racial profiling fair sport. It really is that simple. I will rejoin once this or any future leader publicly repudiates such tactics.”

Twyford Responds

Written By: - Date published: 12:00 pm, July 13th, 2015 - 325 comments

Labour’s Housing Spokesperson Phil Twyford responds to accusations of racism and points to the way forward. The Labour Party will limit foreign speculation, build affordable houses and replenish the State Housing stock.

China Crisis

Written By: - Date published: 12:43 pm, July 12th, 2015 - 199 comments

Good on Labour for saying what needed to be said. Can they, the Greens and NZ First save the next generation of Kiwis from being tenants in our own land?

Includes Bonus Seinfeld reference!

Auckland property buyers

Written By: - Date published: 9:57 am, July 11th, 2015 - 436 comments

The big story this morning is Labour’s analysis of Auckland property purchase data.

Sheepgate

Written By: - Date published: 8:54 am, May 28th, 2015 - 103 comments

It has emerged that the New Zealand Government has paid money to a Saudi businessman allegedly to settle a legal dispute that does not exist but more probably to persuade the Saudi Government to enter into a free trade agreement.  Update – and maybe there was a threat of legal action but because of the actions of National, not Labour.

Discussion starter for the day…

Written By: - Date published: 7:49 pm, March 10th, 2015 - 116 comments

I’d love to share these two posts with you and pick your brains on what you think!

NZ Banks are very worried…

Written By: - Date published: 5:59 am, February 25th, 2015 - 76 comments

New Zealand banks (which are really Australian banks) are REALLY worried for us (oh, and for themselves).

Democracy, Money and Power

Written By: - Date published: 9:18 am, November 27th, 2014 - 6 comments

The stage was long ago reached where members of the US Government were told they should “wear their sponsors logo’s on their shirts”.

NRT: Why foreigners are buying up New Zealand

Written By: - Date published: 8:20 am, August 22nd, 2014 - 5 comments

“Why would an overseas buyer pay more for an asset than a New Zealander? … But Chalkie reckons one reason stands out – tax. There are huge tax advantages available to overseas investors that simply cannot be accessed by locals.”

The Lochinver station

Written By: - Date published: 7:51 am, August 9th, 2014 - 132 comments

Just over six weeks to go until the next election and we have our first major campaign issue. Not what some young people said about John Key but foreign ownership of our land.

Hang onto our land – it’s all we’ve got left

Written By: - Date published: 8:22 pm, August 2nd, 2014 - 77 comments

Steven Joyce says Labour’s opposition to the sale of 13,800ha Lochinver station to Shanghai Pengxin is based on “xenophobia.” It’s not, its basic economic sense. The benefit from our land should stay here. And Joyce’s open door has seen rail wagons bought cheap and fixed dear by Chinese workers at the expense of good local jobs and crucial Kiwi skills. Labour is simply standing up for New Zealand. It’s the right thing to do.

The Good and the Bad: NZ screen industry

Written By: - Date published: 12:45 pm, December 16th, 2013 - 77 comments

The NZ government changes to NZ’s screen industry incentives is a mixed bag. Some (not fully developed) support for a sustainable NZ industry. Selling out NZ workers; bowing to Hollywood corporate, neo-colonial values.

Lucy Lawless to Steven Joyce: ‘U killed NZ film industry’

Written By: - Date published: 2:23 pm, October 25th, 2013 - 103 comments

NZ needs government legislation & financial support to maintain local screen productions.  Steven Joyce makes some hollow noises about prioritising NZ-focused productions, while allowing the Auckland industry to decline.  Lucy Lawless blames Joyce for NZ Film tax rebates & prioritising BIG Oil.

NZ’s struggling screen industry

Written By: - Date published: 9:51 am, October 24th, 2013 - 117 comments

The NZ screen industry is in a precarious state, unable to compete with incentives in other countries to attract the crums from Hollywood productions, impacted by the currency high dollar rate.  Innovative ideas needed for an independent NZ industry, linked with public broadcasting TV & online viewing. [Updated: Maori TV & Barry Barclay]

The non-resident property speculators are….?

Written By: - Date published: 10:03 am, July 30th, 2013 - 50 comments

An NZ Herald Editorial exposes John Key’s politically motivated spin against Shearer’s housing policy, but also takes some swipes at the “left”. Gower misleads, by repeating Key’s “anti-Asian” smears, supported by the eg of a website targeting South African property speculators.

Questions for Key

Written By: - Date published: 8:45 am, July 30th, 2013 - 61 comments

Why is it acceptable to his government that, under the current law, Kiwi families can be outbid for Kiwi houses by overseas speculators who have no intention of living here? What good to the New Zealand economy is created by non-resident foreigners buying existing New Zealand houses? In the new sprawl suburbs he wants to create, how many houses being bought by foreign speculators would be acceptable to him?

Jonolism or Journalism?

Written By: - Date published: 7:44 pm, July 29th, 2013 - 50 comments

Patrick Gower’s report on TV3 6pm News tonight, on Labour’s housing for Kiwis policy, shows what is wrong with corporate infotainment TV news.  He gets tonight’s award for Jonolism.  Here’s hoping the Campbell Live tonight will show Gower how it should be done. [Update: Campbell interviews Ferguson]

Foreign land buyers: its non-residents, not immigrants

Written By: - Date published: 8:57 am, June 24th, 2013 - 38 comments

Immigration Minister Michael Woodhouse was on Q+A yesterday, talking about immigrant labour exploitation and about foreigners pushing up prices for houses and land. Woodhouse, purposely, conflated immigrants buying houses when they are coming here with non-residents buying houses that are purely rental investments/speculations on the NZ housing market.

All is not well in the VFX industry, Squires

Written By: - Date published: 9:57 am, June 18th, 2013 - 50 comments

Many praise Jackson and Weta for the work it brings to NZ. However, a recent US-focused survey by Scott Squires, shows how subsidies, like that for the Hobbit, plus lack of unionisation are contributing to increasing exploitation, income insecurity and competition among skilled VFX workers internationally. [Update: Squires’ response]

This is what corporate dictatorship looks like

Written By: - Date published: 12:45 pm, May 14th, 2013 - 32 comments

The compensation part of Joyce’s and Key’s dirty, undemocratic SkyCity deal, could legally be over-turned by a future government, as proposed by the Greens.   However, the TPPA could weaken NZ’s parliamentary sovereignty and open the government to claims by secret private offshore tribunals. Opposition needs to step up!

The cost of a US Harvard education: global land exploitation

Written By: - Date published: 8:15 am, May 7th, 2013 - 51 comments

US universities’ budgets partly rely on endowment funds.  Harvard University investment activities in poor countries exploit people and lax regulations, damaging communities, the environment & economies. They are one of the biggest foreign owners of NZ land.

Networks of influence: Key & Anadarko Petroleum

Written By: - Date published: 12:25 pm, May 2nd, 2013 - 18 comments

John Key’s networks of influence include the bosses and directors of Anadarko Petroleum, which is doing some oil exploration in NZ. Gordon Campbell’s excellent piece of investigative journalism shows Anadarko and it’s bosses are not to be trusted.

Networks of influence: (dis)Advantage NZ

Written By: - Date published: 9:33 am, April 30th, 2013 - 21 comments

An Advantage New Zealand conference at SkyCity is the centre of major PR for John Key-backed, big oil exploration in NZ. While promoting and backing each others’ destructive profiteering, and endangering NZ’s environment, they are nurturing their networks of influence over expensive dinners and on the golf course.

Kiwis at centre of money maze: Hager

Written By: - Date published: 8:03 am, April 7th, 2013 - 107 comments

Today a Nicky Hager article puts Kiwis are at the centre of the global money maze exposed by the International Consortium of Investigative Journalists.  He traces developments after Wine Box, the involvement of lawyers (including one ACT-aligned blogger), and some BNZ & ANZ staff… and more.

Investigative journalism is not dead

Written By: - Date published: 8:46 am, April 6th, 2013 - 21 comments

Congratulations to Duncan Campbell, Nicky Hager, et al involved in the International Consortium of Investigative Journalists for doing such a great job on the Gobal Offshore Money Maze. The maze includes NZ & Aussie.  The investigation used sophisticated digital technologies.

One day older and deeper in debt

Written By: - Date published: 7:15 am, March 21st, 2013 - 105 comments

There’s this almost puritan kind of myth that we’ve got so much international debt as punishment for our spendthrift ways. We ‘live beyond our means’, apparently. But it’s not true. If ‘our means’ is the money we make in exports, then most of the time, they exceed what we spend on imports. Yet, we run a $10 billion deficit as a country. Why? Because of the profit outflow.

“Minister for Small Things”

Written By: - Date published: 9:37 am, March 1st, 2013 - 51 comments

Yesterday, David Cunliffe,on Peter Dunne’s Student Loan Amendment Bill, & the related inter-generational swindle, labelled Dunne as “Minister for Small Changes” & “for Small Things”. Dunne further showed his support of the “neoliberal” swindle, with a couple of tweets on non-residents buying NZ property, smearing the Greens as racist.

Think tanks & global-local networks

Written By: - Date published: 10:52 am, February 20th, 2013 - 25 comments

George Monbiot exposes how well-funded right wing ‘think tanks’ and individuals operate through networks including the AEI, IEA &  Koch.  These have links to the NZ Initiative (BRT & NZ Institute). The coming DailyBlog may help challenge such influential networks and their destructive ‘neoliberal’ politics.

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