assets
Categories under assets
- privatisation (512)
The zero growth agenda
Written By: - Date published: 6:43 am, May 14th, 2012 - 68 comments
I chuckled to read Fran O’Shillivan on Sunday: “John Key has made a strategic decision to burn some political capital and front-foot major Government decisions” – yeah, all those major decisions: $1m for contraception, ‘tackling cyber-bullying’, a petty pokies for convention centre deal, even their centrepiece policy – asset sales – won’t benefit the economy a jot.
Nats eye up Chch assets for sale
Written By: - Date published: 12:51 pm, May 10th, 2012 - 5 comments
Remember when John Key said that rebuilding Christchurch wasn’t just that city’s challenge, it was New Zealand’s challenge? Yeah, well, now Gerry Brownlee and Bill English are pressuring the council to sell off its assets to pay for the rebuild. Green figures show the madness of that. This is a 20-year rebuild. The dividends over that period are more valuable than one-off sale revenue.
NRT: Strapping the chicken on prison privatisation
Written By: - Date published: 11:01 am, May 8th, 2012 - 5 comments
Despite keeping prisoners in prison too long and an escape, Serco’s private management of Auckland Remand has been judged a success by the Government because it has met all the standards set for it. Sounds reasonable. Until you look a layer deeper and discover that the standards Serco has to meet are much worse than what Corrections already achieves.
Parcelled up and ready to sell
Written By: - Date published: 8:21 am, May 8th, 2012 - 20 comments
The Nats say they won’t sell more than 49% of our energy companies and AirNZ. As if that’s a good thing. As if it doesn’t carve a $100m per year hole in the budget. But, it turns out its worse than that. The Greens have discovered that every power station in the country is a wholly-owned subsidiary. After privatisation there will be nothing to stop them being flogged off one by one.
Not for sale hikoi arrives in Wellington
Written By: - Date published: 7:21 am, May 4th, 2012 - 99 comments
The Aotearoa is Not For Sale hikoi departs from Te Papa for Parliament at midday today. There has been great turnout in towns and cities all over New Zealand. Join in if you can. Also, remember to sign the Keep Our Assets petition and get involved (via Labour or the Greens) in collecting signatures. We can still save our assets.
Twisting in the wind
Written By: - Date published: 10:03 am, May 1st, 2012 - 24 comments
According to 3 News, Kim Dotcom paid cheques into John Banks’ campaign account in Queenstown. Duncan Garner says this would show up on Banks’ bank records as “anonymous”. So how did Kim Dotcom get TeamBanksie’s account number? Two days after he had had a lunch meeting with Banks.
More questions for the Police to ask and Banks to answer.
The name’s on the cheque!
Written By: - Date published: 11:04 pm, April 30th, 2012 - 55 comments
Campbell Live showed us pictures of the Cheques by which Kim Dotcom’s company Megastuff made donations to Team Banksie 2010. How can John Banks argue that the two donations of $25,000 from Kim Dotcom’s company Megastuff Limited are anonymous when the company name is on the cheque? You could look up their address on the website. Game over, John and John.
Firewalls up in smoke
Written By: - Date published: 6:35 pm, April 30th, 2012 - 34 comments
David Cameron’s defence of embattled Culture Secretary Jeremy Hunt has been called a “firewall” that’s failing to hold.
Cameron needs Hunt to stay or else Cameron is the next to go. It is the same for John Key.
As the stench of corruption around John Banks grows, he desperately needs him to stay or else all he loses legitimacy for asset sales and potentially his majority on the issue as well.
Policy for Money?
Written By: - Date published: 9:50 pm, April 29th, 2012 - 13 comments
Party donations for the 2011 general election will be published on Tuesday . One new provision in the Act provides for the declaration of the number of donations in two bands; $1500 to $5,000, and up to $15,000. It will be very interesting to see the number of upper level donations in National and ACT particularly. They could hide Banks-type split donations from asset-sale backers.
10,000+ at Auckland anti-MOM protest
Written By: - Date published: 3:14 pm, April 28th, 2012 - 87 comments
Lots of people… get down to Britomart.. Mind you Britomart is filling up rapidly. They need a few more megaphones by the look of the crowd. Penny Bright sucks at chants. 😈 Slowly moving off. This is mining protest levels… A lot of people… Seriously slow. Walked 50 metres. Really good humoured and highly social. […]
Keep our assets petition is live!
Written By: - Date published: 9:20 am, April 28th, 2012 - 28 comments
The wording for the citizens-initiated referendum has been approved. Now, we just need to get 300,000-odd signatures. The petition form is here but the Keep Our Assets Coalition needs more than your signature, you need to help get signatures too. The Greens and Labour are signing people up for the campaign. Rallies in Auckland and Nelson today as part of the Hikoi. Official campaign launch: Wellington, May 10.
Aucklanders tell Nats they don’t want their MOM
Written By: - Date published: 11:21 am, April 27th, 2012 - 9 comments
The Finance and Expenditure Select Committee got to hear 30 more submissions – all opposed – on the MOM bill. 1400 submissions, almost all against, but no sign the Nats are listening. Big March in Auckland tomorrow to shout it louder.
Asset sales mean power price rises
Written By: - Date published: 7:56 am, April 25th, 2012 - 79 comments
Molly Melhuish was one of dozens of oral submitters on the Privatising Your Assets Mixed Ownership Model Bill yesterday – all opposed. Her research shows the average price of power from a private provider is 3.31 c/kWh higher than from an SOE. Contact Energy’s boss says private investors need prices to rise even more. The implication is privatisation will remove the shackles.
Hearing about your MOM
Written By: - Date published: 4:28 pm, April 24th, 2012 - 5 comments
The Finance and Expenditure Select Committee hearings into National’s “Mixed-Ownership Model” Bill (aka Asset Sales) have begun in Wellington, with the vast majority of the more than 600 submitters to the select committee process opposed.
Choices, choices: Hillside & National’s priorities
Written By: - Date published: 8:50 pm, April 19th, 2012 - 25 comments
When it comes to doing dirty deals with a casino, selling our law so that it gets a convention centre and more profits from gambling addicts, National’s willing to die in a ditch. But when there was an opportunity to save and expand our high-tech, high-skill manufacturing at Hillside simply by requiring government bodies to consider the costs and benefits of their actions on the whole country, not their narrow corporate interests, National did nothing.
Join the Hikoi!
Written By: - Date published: 12:57 pm, April 19th, 2012 - 5 comments
Join the Hikoi against Asset Sales, 24 April – 4 May. If you’re anywhere near Auckland on Saturday 28 April, be at Britomart 3pm to send a message against this Government’s Asset Sales.
Govt not monitoring overseas investors
Written By: - Date published: 1:20 pm, April 16th, 2012 - 15 comments
The Right says selling all our stuff and letting the profits flow offshore is great. At least $2b of the asset sales programme will be bought by foreigners. But does overseas investment actually provide the benefits it claims? We don’t know because the government doesn’t monitor the outcomes. The Nats’ obsession with selling our stuff is ideological, without any evidence it’s good for the country.
Another asset sale lie
Written By: - Date published: 8:10 am, April 14th, 2012 - 99 comments
The Nats promised to sell no more than 49% of any given state owned assert. Now they’re trying to get cute with semantics and effectively remove all limits.
Unfortunately for them their previous promises are on record and very clear. Hey Peter Dunne – are you going to vote for this latest lie?
Cunliffe on DIRA
Written By: - Date published: 11:09 am, April 4th, 2012 - 31 comments
Against the will of the Fonterra farmer Shareholder’s Association, National is trying to destroy Fonterra’s cooperative model on vague grounds about access to capital. The end result will be the one world-leading, world-scale company we have, which brings in 20% of our export earnings, will start sending it profits offshore. David Cunliffe makes the case passionately and eloquently.
Make your voice heard on asset sales
Written By: - Date published: 8:39 am, April 3rd, 2012 - 34 comments
Kiwis oppose asset sales two to one. And they will only happen if one man, Peter Dunne, votes for them to happen. Dunne was too cowardly even to speak to TVNZ on the issue last night. But you can still make him listen. You have 10 days left to make an online submission to the select committee here. It’s a two minute job – just tell them that New Zealand isn’t for sale.
Participate: Stop Asset Sales and Welfare Reform
Written By: - Date published: 11:02 am, March 30th, 2012 - 54 comments
Friday 13th (April) – a scary day as submissions close on 2 major government bills. Make sure you get your submissions in on the Mixed Ownership Model Bill and the Social Security (Youth Support and Work Focus) Amendment Bill.
NRT – Unqualified crony Isaac gets charter schools job
Written By: - Date published: 11:55 am, March 29th, 2012 - 20 comments
ACT-crony Catherine Isaac will head the implementation of the government’s unmandated charter schools programme. Isaac has no relevant expertise to justify this appointment. She has been given the position (and a generous public salary) solely on the basis of ideology and party affiliation. That is not how our public service is supposed to work.
Rortwatch: closing prisons to justify Wiri
Written By: - Date published: 9:15 am, March 23rd, 2012 - 15 comments
1,200 prison beds, 1 in 8, are empty plus the 1,300 bed reserve. Prisoner numbers are projected to keep falling. So, why are the Nats spending a billion dollars on the Wiri private prison? And where will they get the prisoners? By closing existing public prisons. Rather than upgrading what we have more cheaply they’ll let a foreign company make a profit off locking people up.
Citizens’ select committee taking submissions
Written By: - Date published: 9:55 am, March 21st, 2012 - 3 comments
On the 1st of March a community group called Ohariu People’s Power established a Citizens’ Select Committee. This committee wants to hear the opinions of the New Zealand public on asset sales and the Trans Pacific Partnership Agreement (TPPA). They’re taking submissions including oral submissions on Thursday for a report to Parliament.
Nats back down from ACC privatisation why not asset sales?
Written By: - Date published: 10:56 am, March 16th, 2012 - 16 comments
National has backed down from privatising ACC’s work account. To make it work, they were going to have to pump up ACC levies and make it pay a dividend to the Crown to make prices high enough for the private sector to compete. A sign of how weak the government is that they couldn’t push this through. Problem is, the same logic applies to asset sales.
Key’s laundry list of broken promises
Written By: - Date published: 10:58 pm, March 14th, 2012 - 57 comments
He must resign. Surely. Here is Key, speaking to the PSA in 2008, making very specific promises about public service jobs, tax cuts, and asset sales that helped him get elected. Promises he has since broken. There’s no excuse. He wasn’t blind-sided by events. He made these promises never intending to keep them. Key is refusing to comment but if the man has any ethics he’ll resign.
Dunne has no mandate to vote for asset sales
Written By: - Date published: 10:25 am, March 11th, 2012 - 113 comments
“What the public of New Zealand really do not like is politicians who say one thing before an election and do something else after it. And I invite every member of this House to look at every statement United Future made prior to the election and every statement subsequently and try to draw a difference” – Peter Dunne. As they say, yeah right.
Pressure mounts on Dunne
Written By: - Date published: 9:25 am, March 10th, 2012 - 127 comments
David Cunliffe turned his sights on Peter Dunne in the first reading of the Mixed Ownership Bill, pointing out that Dunne has the single vote that determines whether asset sales happen or not. Dunne didn’t like the pressure. He looked close to tears in his response. Let’s keep it up. He’ll crack. What else would he do for a job after 2014 if he votes for asset sales?
Work needed
Written By: - Date published: 9:17 pm, March 8th, 2012 - 81 comments
Does anyone have a job for a 60 year old? Work experience: 7 years on the Alcoholic Liquor Advisory Council (maintains strong industry relations), revenue minister with 3 governments (4-time winner of least memorable minister award), & member of 4 political parties (proven flexibility). Cause, after voting for asset sales, Dunne’s going to need a new job in 2 years.
Dumbest journo award goes to Armstrong
Written By: - Date published: 9:00 pm, March 7th, 2012 - 55 comments
Yesterday Shearer asked Key: “Is it correct that … half a dozen foreign investors could legally purchase all the listed shares?”. Key answered “No … the limit is 10 percent, 6 times 10 is 60, and the Government is keeping 51 percent”. Armstrong thinks that Key slammed Shearer. But of course 6 can buy 49% when there’s a 10% cap. Key lied. Armstrong can’t even recognise a breach of privilege in front of him.
Asset sales petition to be launched
Written By: - Date published: 8:03 am, March 6th, 2012 - 149 comments
A petition for a citizens initiated referendum is to be launched by a coalition led by Grey Power, the Greens and Labour. I would kick off with getting every activist in Wellington to do blanket coverage of Ohariu. This is going to be a massive thorn in the government’s side. If I was Key, I would almost be praying Dunne decides to go against the legislation
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