Chart o’ the day: the real world

Written By: - Date published: 9:54 am, August 2nd, 2011 - 68 comments
Categories: capitalism - Tags:

Sources- Statistics NZ trade figures. Reserve Bank foreign exchange turnover.

68 comments on “Chart o’ the day: the real world”

  1. vto 1

    This should be front page news and linked directly to John Key.

    What does Key have to say about it? I mean currency trade is supposed to be about support of trade etc, however it is quite clear that near 95% of currency trade is 100% pure speculation.

    Talk about non-productive shit.

    • mikesh 1.1

      The chart doesn’t tell us where “invisibles” come. In the left block or the right block. Assuming they are in the right block then we don’t know how much of that block is actual speculation.

  2. Afewknowthetruth 2

    ‘This should be front page news and linked directly to John Key.’

    You have got to be dreaming!

    The prime function of the corporate-owned media is to keep all fundamental truths well hidden and keep the proles distracted with trivia. And make a profit out of it.

    99% of the populace don’t even realise: they actually pay money to be distracted and misinformed. That’s how successful the corporate misinformation system is.

    • Gosman 2.1

      Perhaps you can suggest that the next left led government could set up a ministry for truth so that the ‘correct’ view of the world can be put forward.

      • Colonial Viper 2.1.1

        Yes.

        Actually, re-introducing not for profit news media media channels would do it.

        • felix 2.1.1.1

          “Back in reality” was for Gos, not you btw. Public news channels are definitely needed.

      • felix 2.1.2

        Back in reality, giving bodies like the BSA a few more teeth to deal with the accuracy of reporting mightn’t be a bad idea.

      • Ianupnorth 2.1.3

        Even when there is truth, knowledge that is generated from robust academic research the current government choose not to believe it and do the opposite of what is recommended!

    • vanakast 2.2

      Except that this, like the media, leaves out a huge amount of information. A lot of the media isn’t corporately owned, it’s publically funded, and it certainly isn’t all right-wing.

  3. JustMal 3

    Nice chart. Whats the source, be interested to know if there is any historical information available (ie, would like to look at how its changed over the last few years)

  4. ghostwhowalksnz 4

    Why else would Key say you can do nothing , as a former currency trader thats what they want.

    The small margins on huge speculative flows and the ‘carriage’ trade are what he made his fortune on. Being paid massive bonuses based on the profit for his company.

    I see an opening for Winston Peters here, as Labour sits on its hands regarding currency speculation.
    Its right up Peters street to rail against the ‘big money speculators’ and the effect its having on average kiwis. Watch this space

    • Gosman 4.1

      New Zealand used to strictly control the currency by setting it’s value against the US Dollar. That didn’t stop the speculators causing a run against it in 1984.

      You just need to look at Zimbabwe, (where currency speculation was made illegal pre 2008), to see what would happen if you attempted to do something similar here.

      You can’t eliminate a market were there is a need for it.

      • mik e 4.1.1

        Yeah right again Gossip Man telling porkies again . make it up as you go Gossman. its hardly wort replying to BS Zimbabwe was a totally different scenario nothing faintly similar to NZ 1984 .You say you have worked for different investment banks what as cleaner or tea lady.Muldoon was playing games with the opposition while they were waiting in the wings. Muldoom borrowed and hoped us into a corner not unlike Bill English and Roger Douglas.Zimbabwe lost most of its productive sector and there were to few goods in the market due to his nihilistic behavior .The opposite was true of Muldoon we had to many goods and couldn’t sell them. Goossman your under standing is a joke your claims to have worked for big investment banks is an even bigger joke!

        • Gosman 4.1.1.1

          You have no idea about what happened in Zimbabwe with regard the currency there do you mik e? Well that much is clear from your response.

          So to educate you a little – what the Government there tried to do for a number of years, especially between 2000 and 2008 was to set the price of the Zimbabwe dollar, in essence to fix it.

          The trouble was the dollar is only worth what the market is willing to pay for it, not what a Government official decides it is worth.

          Zimbabwe found that out the hard way when the official market dried up and people took their money to the black market instead.

          NZ learned a similar lesson in 1984 when Muldoon refused to let the market determine a more realistic value of the currency.

  5. Which chart, the meaningless one at the top, or the electionresults one just underneath?

    The top one has virtually no information so it’s impossible to tell what it relates to, the other is an “if the eelction was today” sort of scenario that also has limited meaning because if an election was today many people would be thinking differently about how they might vote.

    • Pascal's bookie 5.1

      So all your, (what would it be, dozens?), of comments about what the polls tell us are actually meaningless Pete?

  6. freedom 6

    i know it is bashing my head against a brick wall but a structure based on financial renumeration is no way to run an Election Poll. I-Predict is a stock exchange. People have a commercial interest in the results. If that does not skew the content then i don’t know what would. How can it be at all accurate when people always will, always can and always do manipulate stocks to make money.

    It might be fun for those taking part but being touted around the place as a poll device to show how voters may or may not be behaving is not what we need when trying to kick a Trader out of office.

    • Gosman 6.1

      So make some money by betting against the bias in the market. It would seem to be a no brainer but one which lefties seem to fail to grasp.

      • freedom 6.1.1

        Gosman, there is a popular starfish who is less obtuse than you
        that is why i am saying it is an unreliable tool for reporting polling, d’uh

        • Gosman 6.1.1.1

          You don’t understand the market do you?

          The value of these things are dependent on the real event. Hence if it is totally skewed because of the bias you claim exists then it would be easy to make a killing by basing your bets on what you think the actual reality is.

          • Colonial Viper 6.1.1.1.1

            “make a killing”

            what by inflating the value of our dollar to the point that our real tech exporters whither and die?

            Thanks, but the NZD should not be used as just another chip in the ludicrous world finance casino.

          • felix 6.1.1.1.2

            He’s explained his point twice now Gos. Please read it this time.

            • Gosman 6.1.1.1.2.1

              Ummm… his point, if I read him correctly, is that I-predict is bollox because of the underlying bias of the people in the market. However if there does exist such a bias, as the basis of the market is real world outcomes, it would be easy to make money by betting against the market.

              For example if I-predict is suggesting that National will win the election by 10 percentage points and you think this is bollox and as a result of inbuilt bias then bet that it will be less than that or even that Labour will win. you will get quite good rate on that and therefore make a nice tidy sum.

              Now what is so hard for you to understand about that?

              • felix

                “Ummm… his point, if I read him correctly, is that I-predict is bollox because of the underlying bias of the people in the market.”

                Then no, you don’t understand his point correctly. Have another crack at it.

                And this time, read the words first then figure out what’s being said.

                • Gosman

                  How abou you, (or freedom) tell me what the point is because –

                  “I-Predict is a stock exchange. People have a commercial interest in the results. If that does not skew the content then i don’t know what would. How can it be at all accurate when people always will, always can and always do manipulate stocks to make money.”

                  Seems to indicate pretty clearly that freedom was trying to claim that I-predict is inaccurate because of the nature of the people engaged in the market.

                  Where in that passage is there anything remotely suggesting something other than what I have suggested it means?

                  • felix

                    I don’t see anything there about a bias in the market. Try again.

                    • Gosman

                      Ummmm….. freedom was trying to state the I-predict market doesn’t relect reality because of this manipulation – that means the market is biased.

                    • Colonial Viper

                      Not sure if ‘biased’ is the right word, but its certainly not a ‘free market’ in terms of transparency or efficiency 🙂

                    • felix

                      No Gos, not in the way you’re implying.

                    • Gosman

                      So felix explain exactly what freedom’s point was if not stating that I-predict is a biased market (i.e. one which reflects more a particular view of a select number of market participants rather than the underlying reality).

                    • felix

                      Here’s what you said, Gos: (you don’t mind, do you?)

                      his point, if I read him correctly, is that I-predict is bollox because of the underlying bias of the people in the market.

                      Stop yer wriggling and read it fer yerself.

                    • Gosman

                      You have till to tell me what freedom’s point was if not that I-Predict does not reflect reality because of the underlying bias of people in that market to attempt to manipulate it for financial ends.

                      So what was his point felix?

                    • felix

                      Oh ffs you’re never going to get it on your own, are you?

                      The money isn’t made and lost according to any “real event” as you put it, that’s for the suckers.

                      The money is made on the way up and on the way down. Movement is all that matters.

                      It’s not real Gos. You’re either being taken for a ride or you’re trying to pull the wool. Either way you’re full of shit.

                    • Gosman

                      So please explain how all that is reflected in freedom’s statement “How can it [i.e. I-predict] be at all accurate when people always will, always can and always do manipulate stocks to make money”?

                      It seems quite clear from that single sentence that freedom doesn’t think I-predict is an accurate reflection of the underlying reality.

                      Which was exactly my point. If freedom doesn’t think this then take advantage of this fact and place bets that more accurately reflects reality.

                  • freedom

                    Gosman.
                    I will use small words ok.
                    It is a Stock Market -so it is flawed as a device for polls.

                    stock-market:
                    An exchange where trading is conducted

                    poll:
                    An inquiry into public opinion conducted by interviewing a random sample of people

                    do you see the difference?

                    • Gosman

                      Then make money on this flaw.

                      It is quite simple really freedom. I-predict will pay out when something in the real world becomes more likely to happen. You sell as the event becomes more likely to happen and if you are correct then as more information comes to light then this will be reflected in the price.

                      You think it doesn’t reflect accurately the chance of this thing happening because of the way it has been baised by market participants in their efforts to make money.

                      However if it isn’t pricing correctly because of this reason it offers you and prime opportunity to make some cash by betting on something with better than even odds.

                      Let me put it another way for you using a real life example. Some people made a killing in Hong Kong horse race betting because to Chinese people cerain numbers are lucky and certain are unlucky. So Horses that had the number 8, (which I believe is very lucky), received more money than they may have warrented because of form. Hence if you had a good betting strategy you could beat the market.

                    • lprent []

                      Why bother gambling? Who cares.

                    • Gosman

                      Life is a gamble lprent. Human activity is driven by risk and reward.

                      As for why freedom should care, essentially I was advising freedom to put the money where the writing skills were. If what freedom was stating was correct then I-predict is a market ripe to be expolited by someone who takes advantage of the distortions.

                    • lprent []

                      Oh I agree that it is a shallow market that would be easy to exploit. My point was that as a market it also carries no real meaning outside of making money. Why would I or freedom want to participate? That is why it is shallow – because it is designed for shallow people. You can tell – they show Act getting significiant vote… 😈

                      If I have time or effort or resources to expend on a political party then I can and do that directly. If I have something to say on the political process I can and do that directly as well.

                      For that matter if I want to support a company I often just go and work for them or directly buy their shares – many interesting companies aren’t listed in any market.

  7. Lindsay 7

    Ever since we have had a floating exchange rate specualtion in foreign exchange made up approx 95% of all FE trades. It is a zero sum game, the winners = the loosers.
    We should put a tax on it as was suggested by the economist Tobin, ie the Tobin Tax.

    • freedom 7.1

      Just desserts
      The real lunacy of the modern Markets, be it crops, cash, diamonds or debt, is how the majority of trading now occurs with no human pause of consideration or thoughts of redress to the
      ramifications of the investment. In times past a Trader’s house was a fancy restaurant that most would speak of in hush reverie and maybe get to see once or twice on those very special occassions that colour one’s life. They were always a busy place.

      Friends and foes would gather, some arriving by ship, or plane, some by private car, some on public trains but all could walk in the gate knowing as long as the bill could be paid, they had as fair a chance as the next guy to get a table. The Traders were there to facilitate the transaction and it happened at the physically-constrained speed of the human. Even with the advent of digital technology into the markets, there was always a human to show the menu, take the order and deliver the desserts. The Trader may have slowed the course during a run on apple pie or softened a call for more baklava and pushed out a tiramisu, but not today.

      Today the market is Algorithm. A monument to avarice. You get to look in through a slit in the wall and shout an order for a cheeseburger but never again will you see the front door. It doesn’t matter if you have a jacket & tie, there are no longer any tables open in the dining room. If you are quick and don’t mind the smell, there are some spots on the back terrace by the bins.
      Your experience of the party is now well and truly that of an outsider.

      Inside, Crab Platters of digital delectations are being cracked crunched chomped swallowed and excreted before the Human Trader even saw the option was on the table.

      Do you want fries with that?

      • Gosman 7.1.1

        What are you on freedom?

        When was this supposed magical happy time when people visited a traders luxury appointed house to spend a few memorable and life changing moments?

        • freedom 7.1.1.1

          its a bloody analogy. Way to ruin a creative day you pinhead.

          For Gosman: or, Comprehension for toddlers

          In days past if you had a few bucks you could trade and people controlled the trades. Now if you have a few bucks you have a computer trading autonomously for you.

          • Gosman 7.1.1.1.1

            You really have no idea about the history of the market do you.

            Markets have tended to be loud, messy, busy places where people shout and jostle and attempt to get the best deals for themselves. You just need to look at market places in third world nations to realise that.

            In short your polyyannaish world never existed.

            • Bored 7.1.1.1.1.1

              Methinks you confuse a useful thing such as a market with a useless thing such as a a casino. Anybody working in a market will tell you it works best in a win win fair trade scenario where something useful changes hands. A casino on the other hand pits you on an all or nothing win lose scenario.

              • Gosman

                No I think you mistake a market for a bureaucratic clearing house.

                Markets are whatever people want them to be. Even if you attempt to control them or make them illegal they will still exist in whatever form the people involved in them want.

                That is why Socialists could never, and can never, control the black market. I suspect you think the black market is a bad thing.

                • Bored

                  FFSake Gos, you are a total pillock. I work in markets. I do real business stuff in them, and I know speculation when I see it. Even do some. You get some real life stuff poked at you and you go off about beaurocrats….I never even mentioned them. Where did that tosh come from?

                  Then its the “socialist” call. FFSake again. I said markets were useful…sounds a very socialist statement dont you think? Thats just the point, you dont think.

                  Then the “black market” comment. Are you getting desparate?

                  • Colonial Viper

                    Funny this is, capitalists can’t control black markets either.

                    Look what happened when the completely opaque, undisclosed, unregulated multi-trillion dollar black market in financial derivatives collapsed in 2008.

                    Threatened to take down the entire global economy.

                    Going to happen again in the next 6 months I’d say.

                    And lets not even talk about the market in illicit drugs in capitalist ol’ NZ.

                    Lesson: GOS has NO IDEA what he is talking about.

            • freedom 7.1.1.1.1.2

              Why are you such a literal and close-minded individual ? I know that the world i sometimes allude to has never existed you complete moron, if it did do you think people like myself would bother to be fighting for one. Gosman you are without doubt one of the most obstinate children i have ever attempted to communicate with.

              You talk of a free market that has never been free. You say you want a level playfield yet put the goalposts on a bank. You blather on about the wastrels that are the left and how they never amount to anything real. If real is the world that i see around us and that is all it will ever be, and that satisfies you then i despair for your heart Gosman, i really do.

              • Gosman

                So what was the point of raising the idea of times past when you now admit they never existed and doesn’t reflect the reality of the human condition when it comes to commercial interactions between two or more people?

                Why didn’t you just state that was where you dream, (and it is a dream), humans could get to at some indeterminate time in the future?

          • Gosman 7.1.1.1.2

            Your analogy does highlight why left wing people never understand the market because they think they can tame and civilise human nature in some utopian vision of love and light.

            • Colonial Viper 7.1.1.1.2.1

              Ahem.

              Actually that’s why you have market regulations and rules; because Lefties know very well that human nature can be cruel and unkind to the vulnerable and powerless.

            • mik e 7.1.1.1.2.2

              Of course its nothing to do with internal hyper inflation and the fact Zimbabwe has no productive sector . I suspect that the wheel barrows of cash got to much for them and they went back to bartering it was never going to work in a country like Zimbabwe using it as an example shows the futility of your argument!

              • Gosman

                Zimbabwe had a large non-agricultural productive sector mik e. It was the second largest in SADC until the early 2000. It was Zanu-PF’s policy of fixing the dollar, inefficient SOE’s, and excessive size of the Zimbabwe state that destroyed it and led to the Hyper inflation. Zanu-PF’s land grab starting in 2000 only accelerated the decline of what was already in a very parlous state.

                • Bored

                  Gos, much as I dont like the Zimmers business have you ever considered that what you were watching that lead to the hyper inflation was the ending of a century old invasion and imposed system? Perhaps the natives just got plain pissed off with it and did not care about the money and foreign interests reactions. To me it looks like a very high price to pay to get rid of invaders and their systems but who knows? Did you lose a farm?

                  • Colonial Viper

                    Bored, economic collapse always occurs when the serfs and the coloureds get uppity.

    • Colonial Viper 7.2

      It is a zero sum game, the winners = the loosers.

      Uh, not true, our real economy exporters have been slaughtered by the high dollar and the variability in our dollar.

      Having our dollar >US60c has meant hundreds of thousands of jobs destroyed.

      If we were smart like Singapore we would peg the dollar to a (secret) basket of foreign currencies and weight its movements to achieve our national economic goals.

      • Lindsay 7.2.1

        For the speculators it is a zero sum game, the gains = the looses.

        • Colonial Viper 7.2.1.1

          Sure I get that bit, but who gives a shit when the speculators create collateral carnage in the real economy and in real businesses?

          btw I support a Tobin Tax or something very similar.

  8. Adrian 8

    Let’s tax the fuckers. A Financial Trading Tax at ONLY one tenth of 1% on this figure would bring in $265 million a month or $3.18 billion a year. Although once instigated it would slow the trade down, so we wouldn’t get so much but at least the NZD would be at a sensible price, because at the current level it is going to send exporters to the wall and cost thousands of jobs.

    • DonKey 8.1

      But Adrian, the speculators are the “wealth creators” and randian heroes of the national economy. We mustn’t scare them away with nasty taxes,

      Let’s cut public services so that they can drain our economy more, the little people won’t mind

    • Colonial Viper 8.2

      Indeed sometimes the benefit of a new tax is not how much money it brings in, but the behaviours it incentivises.

      Just like the CGT :mregreen:

  9. mik e 9

    Just about every other country is intervening in its currency using many different devices .China has no problem setting it currency so all its productive sectors can make a steady profit. The only ones that make a steady profit in New Zealand are the untaxed speculators . They are nothing but leaches on the productive sectors !New Zealand is one of the very few countries that allow the productive sector to be annihilated every time one of our sectors stars making a profit so hence we borrow more to keep the economy afloat which makes the currency more volatile

    • Dan 9.1

      Sorry, but if you’re going to claim that someone is ‘profiting’ from the dollar, then you better include consumers, which is pretty much everyone. Oil would be at least a dollar more expensive if the USD were to fall by 30c, which would impact every good in the country. So consumers do benefit from the higher dollar too.

  10. vto 10

    Just remember, it always go volatile just before the meltdown…

  11. Matthew Hooton 11

    Zetetic – I am sure your graph is accurate but the point I think you are trying to make is wrong. It is the so-called speculators who keep the currency relatively stable. If there were no speculators, everytime Air New Zealand bought a new plane or Fonterra brought back dividends from its offshore investors, the currency would swing massively. The speculators means that such transactions don’t singificantly affect the value of the currency. This means, ironically, that real businesspeople – eg Air New Zealand, Fonterra, etc – can rely on the value of the currency much more than if the speculators weren’t involved. This seems a stretch at 88c but its still true!

    • Gosman 11.1

      Yes but our lefty friends on the whole don’t understand the benefit of having liquid markets Matthew.

      To many of them all speculation is inherently evil and should be stamped out. Prices should be set at fair value and managed under the auspices of a benevolent and just Government agency.

    • vto 11.2

      That is a point he has, tangential and minor

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    The government has released its Arms Legislation Bill, containing the second tranche of changes to gun laws following the March 15 massacre. And it all looks quite sensible: a national gun register, higher penalties for illegal possession and dealing, tighter restrictions on arms dealers and shooting clubs, and a shorter ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • California bans private prisons
    Private prisons are a stain on humanity. Prison operators explicitly profit from human misery, then lobby for longer prisons terms so they can keep on profiting. And in the US, prison companies run not only local and state prisons, but also Donald Trump's immigration concentration camps. Faced with this moral ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • Why PPPs are a bad idea
    When National was in power, they were very keen on Public-Private Partnerships (PPPs) - basicly, using private companies to finance public infrastructure as a way of hiding debt from the public. They were keen on using them for everything - roads, schools, hospitals. But as the UK shows, that "service" ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • A Movement That No Longer Moves.
    Moving And Shaking: There was a time when people spoke matter-of-factly about the “labour movement” – a political phenomenon understood to embrace much more than the Labour Party. Included within the term’s definition was the whole trade union movement – many of whose members looked upon the Labour Party as ...
    5 days ago
  • NZ ‘left’ politically embracing extreme postmodernism
    by Philip Ferguson Much of the left, even people who formally identify as marxists, have collapsed politically in the face of postmodern gender theory of the sort pioneered by American philosopher Judith Butler. For Butler even biological sex is socially constructed. “If the immutable character of sex is contested, perhaps ...
    RedlineBy Daphna
    6 days ago
  • The obvious question
    The media is reporting that the (alleged) Labour party sexual assaulter has resigned from their job at Parliament, which means hopefully he won't be turning up there making people feel unsafe in future. Good. But as with everything about this scandal, it just raises other questions. Most significantly: why the ...
    No Right TurnBy Idiot/Savant
    6 days ago
  • The moment I found out that you found out, I acted swiftly
    By Prime Minister Jacinda Ardern I am every bit as angry as you are. I am every bit as disappointed as you must be. The people with power, oversight and the ability to do something about these processes within the Labour Party should be ashamed. Whoever those people are, I ...
    The CivilianBy admin
    6 days ago
  • This is why people hate property developers
    Property developers think there is an "oversupply" of houses in Auckland:High turnover rates and falling prices may be a sign that there are too many new houses going in to some parts of Auckland, commentators say. [...] Property developer David Whitburn said there was a "bit of an oversupply" in ...
    No Right TurnBy Idiot/Savant
    6 days ago
  • Australia to Pacific: “Fuck you, you can all drown”
    World leaders are meeting in New York in two weeks for the 2019 Climate Action Summit, where they are expected to announce new and more ambitious targets to stop the world from burning. But the Australian Prime Minister won't be there, despite being in the USA at the time:Scott Morrison ...
    No Right TurnBy Idiot/Savant
    6 days ago
  • Implausible ignorance
    Labour Party president Nigel Haworth resigned yesterday over the party's sexual assault scandal. But while that's good news, its unlikely to take away the stench of a coverup. Because according to Paula Bennett in Parliament yesterday, pretty much everyone in the Prime Minister's office was involved as well:I have been ...
    No Right TurnBy Idiot/Savant
    6 days ago
  • Labour’s Fatal Flaw.
     Two-Faced? Labour insiders' commitment to the neoliberal status quo puts them at odds with their party’s membership; its trade union affiliates; and a majority of Labour voters, but this only serves to strengthen the perception they have of themselves as a special elite. Among the lesser breeds, they’ll talk up a ...
    6 days ago
  • Ten reasons the Tories do NOT want an election
    There has been a lot of talk about Boris Johnson wanting an election, and he has blustered with great gusto about 'chicken' Jeremy Corbyn refusing one, but I think there are many reasons why he is secretly glad he has been refused the opportunity:The Tories are an utter rabble,tearing themselves ...
    7 days ago
  • Prorogation Illegal, rule Scottish judges
    Scottish appeal court judges have declared that Boris Johnson’s decision to suspend parliament in the run-up to the October Brexit deadline is unlawful. The three judges, chaired by Lord Carloway, Scotland’s most senior judge, overturned an earlier ruling that the courts did not have the powers to interfere in the prime ...
    7 days ago
  • Let me explain what I meant by Everyday New Zealanders
    By Simon Bridges. The following is a press release from the office of Simon Bridges, leader of The National Party. Key ora, New Zealand. Happy Maori Language Week. Look, I’m writing to you today because I want to clear something up. There’s been a lot of kerfuffle around some things ...
    The CivilianBy admin
    7 days ago
  • Yes, the SIS is subject to the Public Records Act
    I understand there's some stuff going round about how the SIS "was removed from the list of public offices covered by the Public Records Act in 2017". The context of course being their records derived from US torture, which will be disposed of or sealed. The good news is that ...
    No Right TurnBy Idiot/Savant
    7 days ago
  • An evidence-based discussion of the Canadian fluoride/IQ study
    Dr. Christopher Labos and Jonathan Jarry discuss the recent Canadian fluoride/IQ research. They provide an expert analysis of the paper and its problems. Click on image to go to podcast. The critical debate about the recent ...
    7 days ago
  • Climate Change: Australia in denial
    Australia is burning down again, and meanwhile its natural disaster minister is denying climate change:Australia’s minister responsible for drought and natural disasters, David Littleproud, has said that he doesn’t “know if climate change is manmade”. Clarifying earlier comments that the question is “irrelevant” when considering the Coalition government’s response to ...
    No Right TurnBy Idiot/Savant
    7 days ago
  • Philippines activist speaking on the Duterte tyranny
    Auckland Philippines Solidarity is excited to host Professor Judy Taguiwalo for a speaking tour of NZ in September. She is a well-known activist in the Philippines and was a political prisoner under the Marcos dictatorship. Professor Taguiwalo briefly served as a Cabinet member under President Duterte but was forced from ...
    RedlineBy Daphna
    1 week ago
  • Disgust
    I have no special insights to offer on the Labour sexual assault coverup. All I have is disgust. Disgust that an organisation could fail its people so badly. Disgust that they punished the victims rather than the perpetrator. Disgust that its party hacks are apparently blaming the victims for demanding ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Speak Up for Women calls out Greens’ censorship
    This open letter to the Green Party was penned after an opinion piece by Jill Abigail, a feminist and founding member of the party, was censored by the Greens’ leadership. (Redline has reprinted her article here).The intolerance of the Green Party leaders and their acceptance of the misogyny of gender ...
    RedlineBy Daphna
    1 week ago
  • Member’s Day: End of Life Choice, part 3
    Today is a Member's day, and David Seymour's End of Life Choice Bill continues its slow crawl through its committee stage. They're spending the whole day on it today, though the first hour is likely to be spent on voting left over from last time. After that they'll move on ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Flight to Los Angeles turned back after passengers decide they don’t want to go anymore
    An ambitious plan to fly to Los Angeles petered out into a brief sight-seeing trip and a desire to return home and get some sleep before work tomorrow. Air New Zealand has confirmed a flight to Los Angeles last night was turned back about a quarter of the way into ...
    The CivilianBy admin
    1 week ago
  • Indigenous Futures: defuturing and futuring – an analytical framework for policy development?
    There appears to be consensus – by omission – that the concept of indigenous futures should be accepted at face value. So I scavenged the internet to see if I could locate an academic descriptor or a framework around how we think about it as a concept, and whether it ...
    EllipsisterBy Ellipsister
    1 week ago
  • Cadbury rumoured to be releasing the Pineapple Trump
    Here’s another novelty chocolate to shove in your gob, New Zealand Cadbury could be seeking to make itself great again with a rumoured new release: Pineapple Trumps, a spin on its classic chocolate-encased pineapple treat and do-it-yourself tooth remover. The global confectionery manufacturer and bumbling “before” character in an infomercial, ...
    The CivilianBy admin
    1 week ago
  • The coming resource war.
    During my time in the Pentagon I had the privilege of sitting down with military leaders and defence and security officials from a variety of Latin American nations. Sometimes I was present as a subordinate assistant to a senior US defence department official, sometimes as part of a delegation that ...
    KiwipoliticoBy Pablo
    1 week ago
  • Māori Language Week with The Civilian
    Kia ora, Aotearoa. It’s that magical time of year. Te Wiki o te Reo Māori. In English, the week that frightens talk radio. As you probably know by now, all your favourite media outlets are participating, some more successfully than others. Stuff has changed its name to Puna for the ...
    The CivilianBy admin
    1 week ago
  • Will Horizons act on climate change?
    Local body elections are coming up next month. And it looks like all Palmerston North candidates for Horizons (the Manawatu-Whanganui Regional Council) want to take action on climate change:Climate change is set to be a key issue in Palmerston North for the next three years if those wanting to get ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • BORA reform is stalled
    Eighteen months ago, the government promised to strengthen the Bill of Rights Act, by explicitly affirming the power of the courts to issue declarations of inconsistency and requiring Parliament to formally respond to them. So how's that going? I was curious, so I asked for all advice about the proposal. ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Corbyn and Brexit
    As the Brexit saga staggers on, the focus is naturally enough on the Prime Minister and his attempts to achieve Brexit “do or die”. But the role played by the Leader of the Opposition is of almost equal interest and complexity. The first problem for Jeremy Corbyn is that he ...
    Bryan GouldBy Bryan Gould
    1 week ago
  • A ditch for him to die in
    Last week, English Prime Minister Boris Johnson boldly declared that he would rather die be dead in a ditch than delay Brexit. Unfortunately for him, the UK parliament accepted the challenge, and promptly dug one for him. The "rebellion bill" requires him to ask for and secure yet another temporary ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Warning! Warning! Danger Jacinda Ardern! Danger Marama Davidson! Warning!
    Lost In Political Space: The most important takeaway from this latest Labour sexual assault scandal, which (if I may paraphrase Nixon’s White House counsel’s, John Dean’s, infamous description of Watergate) is “growing like a cancer” on the premiership, is the Labour Party organisation’s extraordinary professional paralysis in the face of ...
    1 week ago
  • Union solidarity with Ihumatao land occupation
    by Daphna Whitmore Every Sunday for the past two months unionists from First Union, with supporters from other unions, have set out to the Ihumatao land protest, put up gazebos and gas barbeques, and cooked food for a few hundred locals and supporters who have come from across the country. ...
    RedlineBy Daphna
    1 week ago
  • Climate Change: The wrong kind of trees?
    Newsroom today has an excellent, in-depth article on pine trees as carbon sinks. The TL;DR is that pine is really good at soaking up carbon, but people prefer far-less efficient native forests instead. Which is understandable, but there's two problems: firstly, we've pissed about so long on this problem that ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • No freedom of speech in Turkey
    Canan Kaftancioglu is a Turkish politician and member of the opposition Republican People's Party (CHP). Like most modern politicians, she tweets, and uses the platform to criticise the Turkish government. She has criticised them over the death of a 14-year-old boy who was hit by a tear gas grenade during ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Speaker: Tadhg Stopford: Why I’m standing for the ADHB
    Hi there, just call me Tim.We face tough problems, and I’d like to help, because there are solutions.An Auckand District Health Board member has nominated me for as a candidate for the ADHB, because her MS-related pain and fatigue is reduced with hemp products from Rotorua.  Nothing else helped her. If I ...
    1 week ago
  • Good little vassals
    The Inspector-General of Intelligence and Security has published their report on whether the SIS and GCSB had any complicity in American torture. And its damning. The pull quote is this:The Inquiry found both agencies, but to a much greater degree, the NZSIS, received many intelligence reports obtained from detainees who, ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Who Shall We Turn To When God, And Uncle Sam, Cease To Defend New Zealand?
    Bewhiskered Cassandra? Professor Hugh White’s chilling suggestion, advanced to select collections of academic, military and diplomatic Kiwi experts over the course of the past week, is that the assumptions upon which Australia and New Zealand have built their foreign affairs and defence policies for practically their entire histories – are ...
    1 week ago
  • The Politics of Opposition
    For most of the time I was a British MP, my party was out of government – these were the Thatcher years, when it was hard for anyone else to get a look-in. As a front-bencher and shadow minister, I became familiar with the strategies required in a parliamentary democracy ...
    Bryan GouldBy Bryan Gould
    1 week ago
  • More expert comments on the Canadian fluoride-IQ paper
    The Green et al (2019) fluoride/IQ is certainly controversial – as would be expected from its subject (see If at first you don’t succeed . . . statistical manipulation might help and Politics of science – making a silk purse out of a sow’s ear). Anti-fluoride campaigners have been actively promoting it ...
    1 week ago
  • The return to guerrilla war in Colombia
    by Gearóid Ó Loingsigh On August 29th a video in which veteran FARC (Revolutionary Armed Forces of Colombia) commander Iván Márquez announced that they had taken up arms again was released. There was no delay in the reaction to it, from longtime Liberal Party figure and former president Uribe, for ...
    RedlineBy Admin
    1 week ago
  • Air New Zealand identifies this enormous plot of unused land as possible second airport site
    Air New Zealand couldn’t believe its luck that this seemingly ideal piece of real estate had so far gone entirely unnoticed. Air New Zealand’s search for a site to build a second Auckland Airport may have made a breakthrough this afternoon, after employees scanning Google satellite imagery spotted a huge, ...
    The CivilianBy admin
    2 weeks ago
  • Redline on the Labour Party
    No-one on the anti-capitalist left in this country today puts forward a case that Labour is on the side of the working class.  There are certainly people who call themselves ‘socialist’ who do, but they are essentially liberals with vested interests in Labourism – often for career reasons. Nevertheless, there ...
    RedlineBy Admin
    2 weeks ago
  • New Fisk
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Labour’s failure
    When National was in government and fucking over the poor for the benefit of the rich, foodbanks were a growth industry. And now Labour is in charge, nothing has changed: A huge demand for emergency food parcels means the Auckland City Mission is struggling to prepare for the impending arrival ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Ardern attempts to vaccinate Clarke Gayford live on television to prove that it’s safe
    Gayford, pictured here on The Project, before things got wildly out of control. A bold public relations move by the Government to encourage parents to vaccinate their children has gone horribly wrong. Prime Minister Jacinda Ardern appeared on tonight’s episode of Three’s The Project, where the plan was for her ...
    The CivilianBy admin
    2 weeks ago
  • Has Mr. Whippy gone too far by parking on our front lawns?
    Mr. Whippy’s business model has driven it down a dark road of intimidation. Residents in major centres around the country are becoming disgruntled by the increasingly aggressive actions of purported ice cream company Mr. Whippy, who have taken to parking on people’s front lawns and doorsteps in a desperate attempt ...
    The CivilianBy admin
    2 weeks ago
  • Cleaning up the water
    Today the government released its Action Plan for Healthy Waterways, aimed at cleaning up our lakes and rivers. Its actually quite good. There will be protection for wetlands, better standards for swimming spots, a requirement for continuous improvement, and better standards for wastewater and stormwater. But most importantly, there's a ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Fronting up
    Today I appeared before the Environment Committee to give an oral submission on the Zero Carbon Bill. Over 1,500 people have asked to appear in person, so they've divided into subcommittees and are off touring the country, giving people a five minute slot each. The other submitters were a mixed ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Politics of science – making a silk purse out of a sow’s ear
    Anti-fluoride activists have some wealthy backers – they are erecting billboards misrepresenting the Canadian study on many New Zealand cities – and local authorities are ordering their removal because of their scaremongering. Many New Zealanders ...
    2 weeks ago
  • Democracy – I Don’t Think So
    So, those who “know best” have again done their worst. While constantly claiming to be the guardians of democracy and the constitution, and respecters of the 2016 referendum result, diehard Remainers (who have never brought themselves to believe that their advice could have been rejected) have striven might and main ...
    Bryan GouldBy Bryan Gould
    2 weeks ago
  • Government says it will now build just one really nice home
    Following publication of this article, the Ministry has requested it to be noted that this supplied image is not necessarily representative of what the final house will look like, and it “probably won’t be that nice.” As part of today’s long-anticipated reset of the Government’s flagship KiwiBuild policy, Housing Minister ...
    The CivilianBy admin
    2 weeks ago
  • Imperialism and your cup of coffee
    Over the next week or two we will be running three synopses of parts of the opening chapter of John Smith’s Imperialism in the 21st Century (New York, Monthly Review Press, 2016).  The synopsis and commentary below is written by Phil Duncan. Marx began Capital not with a sweeping historical ...
    RedlineBy Admin
    2 weeks ago
  • Still juking the stats
    The State Services Commission and Ombudsman have released another batch of OIA statistics, covering the last six months. Request volumes are up, and the core public service is generally handling them within the legal timeframe, though this may be because they've learned to extend rather than just ignore things. And ...
    No Right TurnBy Idiot/Savant
    2 weeks ago

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