overseas investment
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Tell Key to keep Pharmac
Written By: - Date published: 7:25 am, June 2nd, 2011 - 35 comments
Like the ACC, Pharmac is a Kiwi institution that delivers benefits to everyone at a lower cost than other countries. National has got ACC on the butcher’s block. We must make sure that Pharmac doesn’t follow.
Easy passports for the rich
Written By: - Date published: 9:11 pm, May 7th, 2011 - 26 comments
The National Government has relaxed the rules for so-called business migrants, those who can get easy access to a passport by investing in New Zealand. The Minister is proud that the scheme has now raised $562 million. He says it is part of the government’s economic growth programme.
Eye on the Banks
Written By: - Date published: 8:10 am, March 29th, 2011 - 25 comments
The next Fabian Seminar at Connolly Hall Thursday 31 March at 5:30pm will feature economist Geoff Bertram examine how the high level of New Zealand’s overseas debt that figures prominently in much policy discourse is largely an increase in foreign-currency liabilities voluntarily taken on by mainly Australian-owned banks in pursuit of private profit. It will be interesting – all are welcome to attend.
Key’s “unpopular concessions”
Written By: - Date published: 7:39 am, February 22nd, 2011 - 34 comments
With the TPP being negotiated in secret today the signs from John Key are that he’s planning to sell us down the river.
But given the way he sold out our work rights to Warner Brothers we shouldn’t be surprised.
Contact Energy: A Case Study
Written By: - Date published: 6:01 am, January 29th, 2011 - 65 comments
We could look at bailed-out TranzRail and Air NZ, with privatisation leading to risk-free pay-outs for the temporary owners of infrastructure that couldn’t be allowed to fail. Or Telecom that doesn’t look out for NZers interests, and needs us to pay for it to build us a fibre network. But let’s look at the “success” story of Contact, the closest privatisation to National’s new plans.
‘Playing fair’ makes us losers in currency wars
Written By: - Date published: 6:29 am, November 12th, 2010 - 51 comments
The US Government has begun creating new money out of thin air, to inflate away the value of its debt and lower its currency to make its industries more competitive. It’s not the only country. Nearly all the major currencies are engaged in the ‘Currency Wars’, trying to force down their exchanger rates. We’re in the cross-fire doing nothing.
Selling assets to finance current account deficit = good?
Written By: - Date published: 2:00 pm, October 20th, 2010 - 58 comments
I’m generally a fan of Gareth Morgan, but boy his facts are wrong in yesterday’s Herald, leading him to really bad conclusions. Basically, Morgan argues that we have to let foreigners buy our assets because we use that money to buy more imports than we export, which we won’t be able to do if we block asset sales. Why is that a bad thing?
Why the Right is worried 3: Policy
Written By: - Date published: 11:59 am, October 20th, 2010 - 8 comments
In contrast to National’s policy vacuum on the economy, Labour has been focusing its policy work on a major change in direction. It’s obvious that the hands-off approach introduced in the 1980s has failed, leading to mal-investment in housing with an economy stripped of its manufacturing capability and geared for import-dependent consumerism.
I’m confused
Written By: - Date published: 10:00 am, October 20th, 2010 - 32 comments
Trying to get my head around the economic arguments going on. Hearing contradictory things. Who’s telling the truth? ls Labour’s new overseas investment policy Stalinism that will ruin the economy, as Key claimed on Monday and Tuesday? Or is the same as the existing law, as Key claimed on Monday and Tuesday?
Key: good that foreign buyers increase land prices
Written By: - Date published: 2:00 pm, October 19th, 2010 - 37 comments
John Key says that if we don’t let overseas buyers snap up our farmland then land prices will decrease and some over-leveraged farmers will go underwater. And that’s supposedly a bad thing. Key wants us to believe that foreigners putting our farmland out of the reach of Kiwis and making us borrow more from the Aussie banks is a good thing.
Phil Goff: The Leader Emerges
Written By: - Date published: 1:22 pm, October 18th, 2010 - 43 comments
Phil Goff made an excellent speech yesterday. One that showed far more direction, and a lot of promise for going forward. Hopefully Labour can capitalise on this much better than they did on the excellent “The Many, Not The Few” speech. They should be able to – yesterday’s “Kiwi Dream” speech contained much more meat […]
Owning our future
Written By: - Date published: 7:20 am, October 18th, 2010 - 139 comments
It’s great to hear Phil Goff announce that a Labour government won’t let overseas interests to own more than 25% of monopolistic companies, like ports and airports, and farmland. In the new world economy we’re moving into, a global scramble for vital natural resources like farmland, we need to keep the foundations of our economy in Kiwi hands.
Garth George & the limits to growth
Written By: - Date published: 2:12 pm, October 17th, 2010 - 64 comments
In his last column Garth George laments how foods he regularly enjoyed in his childhood (1870s?) are now priced beyond the reach of most New Zealanders. It’s easy to dismiss the complaints of an old man about prices these days but there’s a deeper story: with population growth and resource depletion, there increasingly isn’t enough to go around.
Hickey sees the light
Written By: - Date published: 12:49 pm, September 29th, 2010 - 73 comments
Bernard Hickey, one of the country’s leading economic commentators, was a hardline neo-liberal – ie. the market is god. Now, he’s changed his mind. He’s come to the realisation that there’s no invisible god’s hand directing capitalist markets. Instead they are directed by short-termist elites. We need to take back control.
Natural Dairy NZ & Chinese neo-mercantilism
Written By: - Date published: 10:23 am, September 13th, 2010 - 65 comments
To have power and independence, any country needs a solid economic base. That’s even more true of superpowers/empires. To secure their economic sovereignty they need the raw materials and markets of less powerful countries. They reinforce their economic sovereignty by taking others’. China does it by buying up whole supply chains.
You’re All Racists – Minister
Written By: - Date published: 8:11 am, September 3rd, 2010 - 34 comments
According to Maurice Williamson, we’re all racist. Our concern with foreign investment has nothing to do with the economy, we just hate the Chinese.
What’s Key in Korea for again?
Written By: - Date published: 6:32 am, July 7th, 2010 - 17 comments
Key’s worried about us being even more bought out by foreigners. Key’s in South Korea about to sign a Free Trade Agreement. New Zealand already has nearly no tariffs. Everyone knows the sweetener for the other side in these deals is opening up investment in NZ. So, Key’s railing against foreign ownership while making it […]
Key concedes Left has it right on foreign ownership
Written By: - Date published: 11:16 am, July 6th, 2010 - 46 comments
PM warns against Kiwis becoming ‘tenants’ – The Herald. John Key says that we’ve got to make sure we don’t sell too many of our assets and end up sending the profits overseas. Good stuff, it’s exactly what the Left has been saying and the opposite of National’s policy until now. I guess we’ll have to see if Key backs up his words with action.
Goff speech on Labour’s vision
Written By: - Date published: 1:47 pm, May 12th, 2010 - 72 comments
Phil Goff has delivered his speech on Labour’s economic vision ahead of the Budget. It’s a good one, filled with core Labour values and ideas that will get New Zealand moving ahead. Goff talks about fairer tax rather than tax cuts for the rich, better monetary policy, and investing in New Zealand’s future.
What’s the Govt’s economic vision?
Written By: - Date published: 10:37 am, May 10th, 2010 - 6 comments
To build a brighter future for New Zealand we need to invest in it. We need to build up our national savings, invest in R&D, and build a sustainable, more self-sufficient economy. National has cut savings and R&D investment, and talked down New Zealand’s potential for hi-tech manufacture. Seems they’re only interested in short term pay offs for the rich.
Bold economic leadership… from the Opposition
Written By: - Date published: 12:45 pm, May 6th, 2010 - 61 comments
I’m glad to see Labour is stealing a march on the lazy Nats and building an alternative economic vision ahead of the Budget. It looks to be just the vision New Zealand needs, built on the twin planks of economic sovereignty and a fairer distribution of wealth.
Key to rich mates: NZ for sale
Written By: - Date published: 11:38 am, November 17th, 2009 - 33 comments
John Key’s residency for the rich scheme has attracted the interest of 12,000 people thus far. Yes, NZ residency is for sale at the measly investment of NZ$500,000 and a few low-paid jobs. The Herald notes: Thousands of wealthy foreigners are lining up to move here, just weeks out from the introduction of business migration […]
Those who do not learn
Written By: - Date published: 4:20 pm, August 11th, 2009 - 15 comments
Those who do not learn from history are doomed to repeat it. National has learned nothing from the failure of the neoliberal policies of the late 80s / early 90s (when gaps in growth and income opened up with Australia). So they are gearing up to repeat them: [English] and other ministers’ utter single-mindedness of […]
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Source: The Conversation (Au and NZ) – By Tets Kimura, Adjunct Lecturer, Creative Arts, Flinders University Xplorer Media/Adelaide Festival Centre The well-documented history of Asian mass migration to modern Australia dates from the gold rush era in the mid-19th century. With a history that is longer a century and ...3 days ago - Major parties making gains in TPU-Curia poll
The major parties have gained - with National regaining 3.9 points - at the expense of the minor parties. ...3 days ago - NZ’s Treaty Principles Bill passes first reading after Māori MP evicted over haka
RNZ News New Zealand’s controversial Treaty Principles Bill passed its first reading in Parliament today and will now go to the Justice Committee for consideration as the national Hīkoi continued its journey to the capital. Opposition Te Pati Māori’s Hana-Rawhiti Maipi-Clarke was suspended from the House following a haka. Maipi-Clarke ...3 days ago
- Watch: Labour’s Willie Jackson ejected from house for calling David Seymour a liar during Trea...
Labour's Māori Development spokesperson was the first to be ejected from the House after calling David Seymour a "liar" - breaking Parliament's rules. ...3 days ago
- There is reliable evidence social media harms young people – debates about it are a misdirection
Source: The Conversation (Au and NZ) – By Danielle Einstein, Adjunct Fellow, School of Psychological Sciences, Macquarie University Tanya Gorelova/Pexels The Australian government is developing legislation that will ban children under 16 from social media. There has been a huge public debate about whether there is sufficient direct evidence ...3 days ago
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Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra The government has embarked on a raft of new online safety measures aimed at protecting Australians from the excesses of misinformation and social harm online. However, these policies have been met with backlash. Experts ...3 days ago
- ASIC’s lawsuit against Cbus has put the big super funds on notice
Source: The Conversation (Au and NZ) – By Natalie Peng, Lecturer in Accounting, The University of Queensland Yuri A/Shutterstock Does your superannuation fund also provide you with insurance? Many of us are automatically enrolled without even realising. Now, the way super funds handle such claims has been thrust into ...3 days ago
- Live: The Treaty Principles Bill has passed its first reading
Te Pāti Māori's Hana-Rawhiti Maipi-Clarke was suspended from the house for interrupting the vote on the Treaty Principles Bill's first reading with a haka. ...3 days ago
- Uniformed Defence Force Should Not Be Used As Strike Breakers
“In a modern liberal democracy, any deployment of the armed forces in employment relations is a drastic step, and should be avoided at all costs,” said Wagstaff. ...3 days ago - House suspended as haka interrupts first reading of the Treaty Principles Bill
Speaker Gerry Brownlee has suspended the House of Representatives after a haka, led by Te Paati Māori and performed by members in the public gallery, interrupted the first reading of the Treaty Principles Bill. As thousands continue to protest and hīkoi around Aotearoa, the first reading of the Treaty Principles ...3 days ago - Watch: Haka interrupts vote for the Treaty Principles Bill
As Opposition MPs and the public gallery stood to perform Ka Mate, Speaker Gerry Brownlee suspended the sitting. ...3 days ago
- Labour’s Willie Jackson ejected from house for calling David Seymour a liar during Treaty Prin...
Labour's Māori Development spokesperson has been ejected from the House after calling David Seymour a "liar" - breaking Parliament's rules. ...3 days ago
- Waitangi Tribunal demands release of Te Aka Whai Ora documents
A treaty lawyer says she can't recall the tribunal issuing a directive like this before. ...3 days ago
- Live: Labour MP Willie Jackson excused from house after calling David Seymour a liar
A fiery debate has begun as the bill has its first reading in the House, and thousands continue a hīkoi towards Wellington. ...3 days ago
- Australia will impose a ‘digital duty of care’ on tech companies to reduce online harm. It’s a...
Source: The Conversation (Au and NZ) – By Lisa M. Given, Professor of Information Sciences & Director, Social Change Enabling Impact Platform, RMIT University MART PRODUCTION/Pexels In an escalation of its battle with big tech, the federal government has announced it plans to impose a “digital duty of care” ...3 days ago
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Source: The Conversation (Au and NZ) – By Park Thaichon, Associate Professor of Marketing, University of Southern Queensland fizkes/Shutterstock Your landlord has just raised your rent by 10% and your mind starts running the numbers – should you cop it sweet or look to move? It’s a familiar scenario ...3 days ago
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Source: The Conversation (Au and NZ) – By Cameron Webb, Clinical Associate Professor and Principal Hospital Scientist, University of Sydney Arthur Poulin/Unsplash Are you one of these people who loathes spending time outdoors at dusk as the weather warms and mosquitoes start biting? Female mosquitoes need blood to ...3 days ago
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- Live: Parliament sits to debate Treaty Principles Bill
A fiery debate has begun as the bill has its first reading in the House, and thousands continue a hīkoi towards Wellington. ...3 days ago
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- Christopher Luxon gives scathing appraisal of Treaty Principles Bill ahead of first reading
The Prime Minister has given a scathing appraisal of the bill on the day of its first reading. ...3 days ago
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In Parliament, anything and everything can be political including things as innocuous as playground equipment, clothing, colours, and even eating takeaways. ...3 days ago
- Waitangi Tribunal demands release Te Aka Whai Ora documents
A treaty lawyer says she can't recall the tribunal issuing a directive like this before. ...3 days ago
- Christopher Luxon gives scathing appraisal of Treaty Principles Bill at its first reading
The Prime Minister has given a scathing appraisal of the bill on the day of its first reading. ...3 days ago
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Source: The Conversation (Au and NZ) – By Sihong Wu, Lecturer, School of Business, University of Auckland, Waipapa Taumata Rau The resurgence of nationalism across the globe is not just a political issue. It’s emerging as a powerful force that multinational companies cannot afford to ignore. Recent events such ...3 days ago
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RNZ News Thousands of people are continuing their North Island hīkoi as the legislation they are protesting against, the Treaty Principles Bill, gets its first reading in Parliament today. The hīkoi enters day four and headed off from Huntly, destined for Rotorua today, after it advanced through Auckland Tāmaki Makaurau ...4 days ago
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The man in charge of the country's public health system has stepped in to ensure all staff can still have a drink of Milo at work. ...4 days ago
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Around 1000 Kiwis working in Australia have begun repaying some of their student loan debt in the last three months, an IRD manager says. ...4 days ago
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A team is working to correct and update this, Te Whatu Ora spokesperson says. ...4 days ago
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Source: The Conversation (Au and NZ) – By Shaun Hendy, Professor of Physics, Te Herenga Waka — Victoria University of Wellington Getty Images The first report from a Royal Commission of Inquiry to review New Zealand’s response to the COVID pandemic was due to be released this month. ...4 days ago
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