Privatisation

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The SOE sell down three years on

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.

Privatised Education Strikes Again.

Written By: - Date published: 11:59 am, January 25th, 2017 - 20 comments

The problems we have identified many times, with privatisation of essential services, continue.

National plans to sell Housing Corp home Key grew up in

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.

Nat state house selloff in tatters

Written By: - Date published: 7:18 am, November 23rd, 2016 - 24 comments

Another fail in National’s plan to sell off state houses is good news for those of us who believe that it is the government’s responsibility to take care of society’s most vulnerable.

Kiwibank is being privatised by stealth

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?

National 0, Christchurch 1

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?

America bails on private prisons

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.

Stopping the sale of agricultural land and agri-business

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.

National’s Rodeo.

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.

Guest Post: Dancing to the Neo-Liberal Songbook

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?

Make the TPP a Conscience Vote

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.

Compass serves up very little tax

Written By: - Date published: 8:10 am, May 3rd, 2016 - 65 comments

Radio New Zealand has reported that Compass, supplier of our substandard hospital food, appears to be taking steps to minimise the tax it pays locally.

Towards a new economic order

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?

Kiwibank sale to NZ Super, ACC privatisation by stealth

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.

Kiwibank partial sell-off

Written By: - Date published: 11:36 am, April 6th, 2016 - 149 comments

This morning Michael Cullen announced plans to sell 45% of Kiwibank.

2800 state houses “transferred”

Written By: - Date published: 10:10 am, April 1st, 2016 - 40 comments

Yesterday 2800 state houses in Auckland were “transferred” to a new authority, which plans to “reduce the number of people the State is supporting”.

the Global Death Economy

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.

More blood on its hands as National Ltd™cuts mental health funding in Christchurch

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 […]

The great big list of John Key’s big fat lies (UPDATED)

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.

Cheekygames: Privatisation comes to a blue suburb

Written By: - Date published: 9:42 am, January 24th, 2016 - 18 comments

Julia Schiller posts on the threatened closing of the St Heliers Post Shop and how it is another example of the Government’s privatisation agenda.

CERT: the partial privatisation of the GCSB

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.

John Key’s hedge fund mate behind Teach First (NZ)

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).

Use of Teach First (NZ) illegal

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”.

TiSA reduces COP21 to a charade

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.

Minister declined to comment…

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?

AECT election campaign shenanigans

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.

Bottom lines weaker than tissue paper

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.

Imagine if National had not sold the shares in our companies 2015 version

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.

Serco has yet more explaining to do

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

Hard left Corbyn receives public backing from 41 leading economists

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.

Housing selloff – obsessive secrecy and power

Written By: - Date published: 8:35 am, August 19th, 2015 - 21 comments

National’s selloff of our state houses is yet another example of its two main obsessions, secrecy and unaccountable power.

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