economy
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UBI. (Universal Basic Income).
Written By: - Date published: 11:58 am, September 5th, 2013 - 232 comments
The concept of UBI has a long history in New Zealand.
Of course, we already have a UBI for those over 65. Which has been extremely successful at eliminating poverty amongst the elderly, at a very moderate cost by international standards.
Losing your job
Written By: - Date published: 11:42 am, August 23rd, 2013 - 73 comments
David Shearer is not the only one to lose his job this month. It’s quite a list, when you add it up…
GCSB & TICS
Written By: - Date published: 7:13 am, August 23rd, 2013 - 52 comments
There will be plenty of coverage of the Labour leadership process here on The Standard, I don’t feel any need to contribute. There are too many other important matters that mustn’t fall under the radar. You thought the GCSB spying Bill was bad? The TICS bill is worse.
Oram on Nats’ economic bungles
Written By: - Date published: 8:44 am, August 19th, 2013 - 59 comments
The first of two required reading pieces from the weekend. Financial journalist Rod Oram sums up the Nats economic performance in an excellent piece in the SST. “Is damage control an economic development strategy?”
Cheap and nasty
Written By: - Date published: 8:49 am, August 17th, 2013 - 36 comments
Having been burned by the cheapest tender and the leaky building fiasco, the Nats say that they have now worked out that the cheapest tender is not necessarily the best. (Brilliant eh?) If only it was true that they had really learned the lesson…
It wasn’t a dirty pipe
Written By: - Date published: 8:27 am, August 15th, 2013 - 205 comments
It wasn’t a dirty pipe. That is the claim made by veterinarian and farm performance consultant Frank Rowson, as reported by Stuff yesterday. Rowson says “This disease originates in contaminated feed and animal manure”. Let the enquiries begin – we need to be honest about the problem and fix it.
Key needs to get real on Fonterra crisis
Written By: - Date published: 12:11 pm, August 11th, 2013 - 128 comments
The Fonterra fiasco is turning into a genuine crisis and a huge risk to our economy. John Key needs to stop playing politics and get real. It’s urgent.
Market not impressed with $30 Million payout
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?
Another $30 Million to prop up Meridian sale
Written By: - Date published: 10:08 am, August 8th, 2013 - 55 comments
John Key just spent another $30 Million of tax payer’s money to prop up his privatisation ideology.
Bob Jones – National vs Labour on the economy
Written By: - Date published: 7:08 am, August 8th, 2013 - 84 comments
In an otherwise typically dull piece in The Herald recently, Bob Jones finished up with a typically blunt assessment of the impact of Labour and National governments on the economy. It seems that Jones can acknowledge the truth that most right-wingers try and deny.
Still waiting for that recovery…
Written By: - Date published: 3:32 pm, August 7th, 2013 - 80 comments
So the economic data is out and unemployment is up and wages are flat – the lowest rate of wage increase since 2010. 45% of employees didn’t get a pay rise.
The reason the stats overall aren’t worse is the big increase in employment in Canterbury, as the government relies on an earthquake-led recovery. The number of unemployed is still up 46% since National took office. That’s 48,000 Kiwis who would rather be working.
Still waiting for that Brighter FutureTM.
The magical world of New Zealand’s, Neo-Liberal right wing.
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 […]
National Party economics: make $2 billion, spend 5
Written By: - Date published: 7:00 pm, June 29th, 2013 - 89 comments
The National Party are the good economic managers, right? So why are they spending money we don’t actually have yet?
Show us the money
Written By: - Date published: 11:22 am, June 29th, 2013 - 56 comments
National’s spend-up promises in Auckland look like panicky policy on the hoof. Where is all this money going to come from? Key says they’ll just write a cheque!
Anemic recovery
Written By: - Date published: 7:49 am, June 24th, 2013 - 113 comments
Despite the heroic efforts of National’s spinsters the economic “recovery” remains anemic. We’re still behind 2007, and what recovery there is seems to be largely driven by another property bubble, and captured by a few. All National have managed is to hold us back for four years.
Slogan politics
Written By: - Date published: 10:32 am, June 20th, 2013 - 82 comments
We have an unfortunate tendency in New Zealand to reduce politics to dumb slogans. The “fart tax” was a classic example. The current case in point is “printing money”.
The Blame Game.
Written By: - Date published: 9:14 am, June 20th, 2013 - 84 comments
Blame beneficiaries, blame the young, blame the old, blame the boomers, blame Maori, blame Pakeha, blame granny, hell, why don’t we just blame the Jews! Anything except place the blame where it belongs. On successive Governments who have sold us out to the rich, and offshore corporates. And the system which allows a few stupid […]
The nub of the issue
Written By: - Date published: 11:16 am, June 19th, 2013 - 112 comments
John Key can’t admit there’s a crisis in manufacturing. His response is to huff and puff and call people bozos. Not good enough. Here are some basic questions that Key should be able to answer…
Ode to Phil Twyford
Written By: - Date published: 6:08 am, June 6th, 2013 - 24 comments
I was impressed by Phil Twyford’s analysis of the Government’s housing policies announced in the budget. I thought his best point was that only this Government could announce a housing affordability policy with the eviction of 3000 state housing tenants as its centre piece!
OECD report leans left
Written By: - Date published: 11:56 am, June 5th, 2013 - 24 comments
Both sides of the political spectrum will draw some comfort from the recent OECD report on our economy, but overall the report is much better aligned with Labour / Green policy.
Shocking the people into submission
Written By: - Date published: 10:10 am, May 29th, 2013 - 24 comments
Last night The Shock Doctrine (2009) aired on Maori TV. John Key, and his cheerleaders have followed their latest series of shock-inducing attacks on democratic processes and (low income) people’s rights, with positive forecasts for our future. Meanwhile, the gap between the haves & have-nots has grown.
Budget roundup
Written By: - Date published: 11:46 am, May 16th, 2013 - 213 comments
Budget links and reaction (updates to come).
Four years of misguided austerity have delayed any recovery.
Despite the advance publicity there is nothing significant here for families in poverty.
The budget’s flawed premise
Written By: - Date published: 1:02 pm, May 15th, 2013 - 27 comments
The whole austerity driven focus of the budget and National’s economic policy is based on a premise which is in turn based on a spreadsheet error.
Shearer’s pre budget speech
Written By: - Date published: 12:24 pm, May 8th, 2013 - 20 comments
This morning David Shearer gave Labour’s “pre budget” speech. No new policy, but plenty of good one-liners and a strong statement of Labour’s position.
Nats have held us back for four years
Written By: - Date published: 7:47 am, May 8th, 2013 - 22 comments
We’re in yet another round of talk of “green shoots” of economic recovery, complete with the hype of an optimistic budget. Maybe they’re right this time, but the recovery, when it does happen, will be in spite of the National government, not because of them. All National have done is hold us back for four years.
Supporting NZ Power
Written By: - Date published: 12:37 pm, May 6th, 2013 - 12 comments
The chief executive of the New Zealand Manufacturers and Exporters Association supports the Labour / Green electricity proposals.
It’s not us: it’s the big banks
Written By: - Date published: 10:01 am, April 29th, 2013 - 31 comments
MSM articles show the big Aussie banks are making record profits, Kiwis can save, and Adam Smith worshiping think tanks are not to be trusted. Cunliffe & Norman said it a while back – NAct policies and government spending cuts are not the answer.
Reaction to NZ power
Written By: - Date published: 7:09 am, April 20th, 2013 - 98 comments
The Labour / Green electricity proposals picked up very significant support from Vector CEO Simon Mackenzie. Other analysts and commentators have weighed in with support, while some of the reaction from the business community has been (like the Nats) bordering on the unhinged.
Westpac workers fed up with pushing debt
Written By: - Date published: 10:43 am, April 19th, 2013 - 34 comments
Bank profits are up again. A 10 per cent increase over the past three months it was announced yesterday. What we don’t often hear though is how this profit is generated. It basically goes like this. Bank staff are all under sales targets. They need to sell a certain level of debt to meet these […]
NZ Power
Written By: - Date published: 12:02 pm, April 18th, 2013 - 223 comments
At noon today Labour and the Greens jointly announced new energy policies. “NZ Power” is big and it’s bold. It will completely restructure the way the electricity sector is run, and result in lower power prices for both domestic and business consumers.
The view from Australia
Written By: - Date published: 9:16 am, April 17th, 2013 - 67 comments
Sometimes a certain distance gives the clearest view. A piece on PM John Key from Australian newspaper The Telegraph.
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