Written By: - Date published: 10:50 am, May 26th, 2014 - 71 comments
The more that National publicly adopts “left wing” “socialist” party policies, such as “free” medical care for children under 13, keeping the retirement age as it is, and balancing the budget, the more they rise in the polls.
Written By: - Date published: 2:09 pm, May 20th, 2014 - 53 comments
India has a new leader following recent elections. Narendra Modi has some strange ideas on Labour laws unfortunately and thinks that Indian workers have too much protection.
Written By: - Date published: 7:56 am, April 25th, 2014 - 54 comments
Phil Twyford has exposed the government’s asset-stripping approach to running down state housing, while favouring of private & overseas entities. The Greens & Mana have strong policies for increasing the amount of state housing. Still waiting for a commitment from Labour.
Written By: - Date published: 7:00 pm, April 17th, 2014 - 24 comments
That’s how much National gave away today, by setting the price too low on Genesis. They were scared that they couldn’t attract enough buyers and it would be clear how unpopular their policy is, but they made it enough of a lolly-scramble that the few percent at the top who can afford it, couldn’t resist. […]
Written By: - Date published: 6:56 am, April 3rd, 2014 - 33 comments
A government is carrying out a crash-program of privatization without a mandate. It is desperate to sell, so it sets the price of the shares artificially low, and loses $1.5 billion in a single day. No, this isn’t New Zealand (yet) – its the UK:
Written By: - Date published: 2:07 pm, March 28th, 2014 - 63 comments
Tomorrow Today: Support the important Day of Action across NZ against the TPPA – the TPPA is anti-democratic, pro-corporate & will make life harder for ordinary Kiwis; Support the NZEI demonstrations in Auckland & Wellington, for a living wage, for an excellent public education system, against poverty that undermines education. [Update: photos & reports]
Written By: - Date published: 10:03 am, March 14th, 2014 - 24 comments
The Government is continuing with the Genesis share float. Shares with an anticipated yield of 15% are being sold to pay off debt on which interest at 5% is being charged. What sort of economic lunacy is this?
Written By: - Date published: 10:42 am, March 7th, 2014 - 13 comments
Mai Chen argues that the current review of Auckland Council CCOs will put them on a tighter leash. Tony Holman argues against the whole CCO set up: it’s a trojan horse, 2 step towards privatisation of Auckland assets. Aucklanders need to have their say. Vote out Team Key to prevent such sales.
Written By: - Date published: 12:05 pm, February 14th, 2014 - 79 comments
Not the bright young man who has to be paid a million dollars to come to work. The new broom, who fixes what ain’t broke, cost cuts, asset strips, takes his share options, and leaves.
Just what schools need. More of this approach.
Written By: - Date published: 10:50 am, February 7th, 2014 - 146 comments
The NZ Herald has a long history of opposing Maori resistance and supporting colonisation. It has always been right wing with a strong commercial focus & MO. Yesterday it censored news of Waitangi Day protests. Today an editorial spins in slippery style, for the Govt’s failing PowerCo sales.
Written By: - Date published: 10:23 am, January 22nd, 2014 - 33 comments
Paula Bennett’s punitive welfare reforms are bad enough (pressuring people into unsuitable work, or off benefits without alternative support); then there’s privatising the scheme by outsourcing enforced work placement to private companies – worse still, to overseas corporates. Devaluing & dehumanising people, communities, & nurturing activities. [Update: APM conflicts of interest]
Written By: - Date published: 5:44 pm, December 13th, 2013 - 23 comments
So according to John Key, turnout in the referendum is so low it doesn’t mean anything to him (despite his government working hard to get turnout down). But he reckons it does mean David Cunliffe needs to promise to buy back the assets..?
Written By: - Date published: 7:45 am, December 5th, 2013 - 30 comments
The Government are lowering their lowest estimate for how much they’ll raise from asset sales. They’ve done a terrible job implementing a stupid policy – if you’re going to put your ideological blinkers on and do it, at least do it right. Now it must stop.
Written By: - Date published: 9:37 am, November 28th, 2013 - 61 comments
The National government is destroying NZ’s state housing system. Right of tenure removed, a shift towards private provision of “social housing”, housing campaigners marginalised, & Tracy Watkins crowing about the shift from the “welfare state”. Greens & Mana are for more state houses. And Labour? [Update] Picket of (Nat) Party for the Rich Dec 8 Akl. NZH article.
Written By: - Date published: 9:11 am, November 3rd, 2013 - 105 comments
Labour’s new KiwiAssure policy has been welcomed by John Armstrong as good politics. And it is. But it’s also good policy – at the same time we’ve got a government hell bent on making sure electricity profits flow to overseas investors, David Cunliffe’s policy is about giving Kiwi’s the ability to ensure that any money made from their insurance stays in the country and pays for hospitals, schools, and New Zealanders’ retirement.
Written By: - Date published: 11:40 am, October 31st, 2013 - 40 comments
Well known mum and dad investor the Bank of New York Mellon Corporation has accumulated 8% 4% of Meridian Energy’s shares. And the Dominion Post editor has described the Government’s asset sales programme as “an unmitigated disaster – so disastrous it borders on economic vandalism”. Who feels a whole lot of “told you so” coming up?
Written By: - Date published: 1:26 pm, October 29th, 2013 - 31 comments
John Key has just admitted that Ministerial and Treasury oversight of Solid Energy was not up to scratch but suggests that external analysis would have provided a lot more accountability. Oddly enough I had always thought that it was the job of the relevant Ministers and their advisors to provide oversight. And he has hinted at the privatisation of TVNZ and NZ Post …
Written By: - Date published: 8:35 am, October 25th, 2013 - 23 comments
Meridian’s share price appears to be under value and will no doubt ensure that shareholders reap an early bonus. With a rate of return of over 10% for the first year you have to wonder what economic genius decided to sell shares to pay down debt with an interest rate of half that amount.
Over in the UK the tories there have engaged in a similar exercise where Royal Mail was sold under value and shareholders watched as their shares went up in value by over 60% in a month.
I wonder if Key and English have been receiving lessons from the Tories?
Written By: - Date published: 8:33 pm, October 23rd, 2013 - 34 comments
The Government has announced the results of the Meridian Share float and the results are all bad. The country will receive up to $1.1 billion less than the shares were worth in 2011 and overseas entities will own 13% of the shares. Remind me why we are selling the shares ?
Written By: - Date published: 7:24 am, September 30th, 2013 - 40 comments
If you weren’t paying attention you could easily miss the fact that Meridian shares are opening today. that’s because there’s been a lot less mainstream hoopla about it than there was with the sale of MRP. Despite the face there’s been a whole host of taxpayer funded sweeteners attached to the deal.
Written By: - Date published: 8:43 pm, August 20th, 2013 - 19 comments
Hey John, how much public money are you going to pay the wealthy to “buy” our assets? (And how just desperate are you…?)
Written By: - Date published: 3:24 pm, August 13th, 2013 - 133 comments
Labour have OIA’d a Treasury list of where the money from Asset Sales has gone. Hint: it’s mostly not schools, hospitals, or paying down debt like National said.
Written By: - Date published: 7:11 am, August 9th, 2013 - 89 comments
Yesterday John Key gave $30 Million of tax payer’s money to Rio Tinto in order to prop up its electricity deal with Meridian – and thus to prop up his privatisation ideology. Mighty River Power shares took a hit. Smart investors getting out?
Written By: - Date published: 6:06 am, August 1st, 2013 - 83 comments
It has been obvious that some people live in a different world than the rest of us. One where Chicago school economics, work! One where you save the village by blowing it up! One where global warming can be stopped, Canute like, by legislation. One where dropping wages and giving everything to bloated financiers, makes […]
Written By: - Date published: 9:32 am, July 19th, 2013 - 23 comments
A new report on the UK government’s outsourcing of public sector work is damning. Necessary and basic work to fulfill individual and social needs, (eg social security, unemployment, health care, education) is being “gamed” and scammed by monopolistic private contractors. Key’s government favours outsourcing to private profiteers.
Written By: - Date published: 9:14 am, July 8th, 2013 - 46 comments
The eight week window to gather more signatures for a referendum on asset sales is now over, and the new signatures will be presented to Parliament today. Lots of them…
Written By: - Date published: 7:46 am, July 5th, 2013 - 46 comments
The Nats must be panicking about the prospects for the sale of Meridian – because they’re resorting to extraordinary tactics.
Written By: - Date published: 9:26 am, July 1st, 2013 - 41 comments
John Key’s u-turn on Auckland City Rail is all smoke, mirrors and sleight of hand stealth of the common good. Phil Twyford and the Auckland Transport Blog are skeptical. Funding? Roads over public transport? Asset sales?
Written By: - Date published: 2:50 pm, June 22nd, 2013 - 102 comments
Many business people say that a country should be run like a business. Maybe they are right. It should be run like a SUCCESSFUL business. It is appropriate for Government to take lessons from business success, and the reverse. But when it comes down to details, right wing Neo-Liberal business do not want Government and country they govern to become too successful or democratic…
Written By: - Date published: 10:32 am, June 4th, 2013 - 17 comments
Recently closed Christchurch schools, which according to the Nats don’t have the student base and/or are too quake damaged to keep running, are going to be sold off for purposes including – charter schools.
Written By: - Date published: 8:32 am, May 28th, 2013 - 60 comments
The Nats have tried to do too much too soon, and now the wheels are obviously falling off their sad “flagship” privatisation programme.
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