Written By: - Date published: 8:30 am, February 7th, 2017 - 78 comments
Some time in the next 12 months it is likely that the forgone dividend payments and loss in share value from the Power Company shares and Air NZ share sale will be greater than the amount received, only three years after the sale.
Written By: - Date published: 8:30 am, November 25th, 2016 - 39 comments
John Key, the state house tenant turned good who has relied heavily on his humble upbringing is overseeing the sale of the state house he grew up in.
Written By: - Date published: 8:37 am, November 2nd, 2016 - 31 comments
Kiwibank is selling 47% of its shareholding to the New Zealand Super Fund and to the Accident Compensation Corporation. The Government gets a cheque for $200 million which will improve the appearance of its books. Financial sleight of hand?
Written By: - Date published: 1:49 pm, September 21st, 2016 - 97 comments
Did Lianne Dalziel just prove how economically challenged the National Party are? It appears Christchurch will be able to pay its quake bill without flogging off the family silver. Why are the right so wedded to asset sales when they make no financial sense?
Written By: - Date published: 3:49 pm, August 19th, 2016 - 19 comments
America is bailing on private prisons because they don’t work. What’s the bet that National is ‘too proud and arrogant’ to follow suit.
Written By: - Date published: 7:30 am, July 29th, 2016 - 26 comments
Australia’s national interest test applied to attempts by foreign interests to buy Australian agriland and agribusinesses is deliberately vague. New Zealand could take lessons.
Written By: - Date published: 12:21 pm, July 15th, 2016 - 23 comments
The fiction that National is doing a competent job of managing the economy is entirely due, now that the boom from Dairy and Christchurch rebuilding is ending, to immigration and rising house prices.
They are now riding a bolting horse that they cannot dismount, caused by their own inaction.
Written By: - Date published: 10:19 am, May 23rd, 2016 - 25 comments
In a guest post, regular commenter Tony Veitch takes some learnings from Noam Chomsky’s latest documentary Requiem for the American Dream. The neo-liberal plan has been in place for over thirty years. How come we’re only just starting to understand it?
Written By: - Date published: 6:29 pm, May 15th, 2016 - 84 comments
Last week, Andrew Little gave Phil Goff permission to vote with National for the TPP. Bryan Bruce asks if it is time for all MPs to be given a conscience vote on the TPP.
Written By: - Date published: 8:40 am, April 17th, 2016 - 222 comments
George Monbiot in the Guardian gives a precise and accurate description of neoliberalism and asks the question why has the left not come up with a modern alternative?
Written By: - Date published: 11:58 am, April 7th, 2016 - 51 comments
The transfer of part of Kiwibank to the Cullen Fund will inevitably lead to its privatisation, no matter what the Government says.
Written By: - Date published: 11:36 am, April 6th, 2016 - 149 comments
This morning Michael Cullen announced plans to sell 45% of Kiwibank.
Written By: - Date published: 10:15 am, February 25th, 2016 - 141 comments
A new edition of “Confessions of an Economic Hitman” has been released. It makes it clear that we are in the grip of a global “Death Economy” and a collective embrace of ‘Thanatos’, the death instinct.
Written By: - Date published: 9:30 am, February 16th, 2016 - 101 comments
‘ In between slurping simpers during his most recent session of MediaWorks virtual fellatio, John ‘The Liar’ Key managed to express concern for the emotional well being of Cantabrians after yet another earthquake rattled their region. Whether John Key is actually concerned is moot, but he is certainly in a position to know there is real […]
Written By: - Date published: 7:00 am, January 27th, 2016 - 76 comments
How many more lies will John Key tell today in his so-called State of the Nation address? Virtual chocolate fish to whomever guesses the closest number.
Written By: - Date published: 8:00 am, December 13th, 2015 - 24 comments
A public private organisation with the acronym CERT was announced this week along with the new cyber security strategy. CERT’s role is to provide information to government so it can protect against cyber threats. Which is one of the roles of the GCSB.
Written By: - Date published: 7:36 am, December 9th, 2015 - 195 comments
Julian Robertston, a US billionaire who made his money with hedge fund Tiger Management, Merryl Lynch’s largest customer when John Key was working there, is the man behind privatisation trojan horse Teach First (NZ).
Written By: - Date published: 8:02 am, December 7th, 2015 - 113 comments
To date, TeachFirst(NZ) has received more than $6.4 million dollars of public money and, as a result, has infested 18 schools with dozens of so-called “teachers”.
Written By: - Date published: 10:04 am, December 5th, 2015 - 13 comments
That National Ltd™ is currently in the process of giving away New Zealand’s sovereignty in areas such as energy resources and related regulations, explains its contempt for the environment and the talking down of expectations regarding climate change.
Written By: - Date published: 2:59 pm, November 9th, 2015 - 9 comments
Isn’t it amazing how many Ministers can’t wait to front up to the media when they are selling. But when it comes to after sale service they just don’t want to front?
Written By: - Date published: 9:50 am, October 24th, 2015 - 14 comments
The Auckland Energy Community Trust triennial election is currently under way and complaints have been made about C&R advertising of the payout to beneficiaries which they are entitled to as a matter of course. And some ill discipline amongst the right gives the City Vision candidates a real prospect of success.
Written By: - Date published: 8:02 pm, October 13th, 2015 - 285 comments
Today, Labour showed the commercial world that its non-negotiable “bottom lines” are actually very negotiable, and even disposable.
Written By: - Date published: 8:08 am, August 30th, 2015 - 54 comments
The latest financial reports for the privatised companies suggests that the New Zealand Government has lost in the past twelve months $470 million in dividends it would have received had it held onto the shares.
Written By: - Date published: 10:15 am, August 24th, 2015 - 10 comments
New allegations that at least one Serco prison guard was active involved in Mt Eden’s “fight club”. In some ways the public mess that Serco has made of Mt Eden has done us all a favour
Written By: - Date published: 7:56 am, August 24th, 2015 - 118 comments
Jeremy Corbyn announces the potential renationalisation of privatised state assets, with minimal compensation. While 41 leading economists back his anti-austerity stance. This is what left wing leadership and courage looks like.