Daily review 10/02/2025

9 comments on “Daily review 10/02/2025 ”

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1. SPC 1

   10 February 2025 at 6:07 pm

   This is obviously a sell-out regime.

   The C of C is enabling foreign investment in build to rent housing.

   Profits on mortgage finance offshore. Profits on retirement home CG offshore. And now rent money.

   For a period of time, the government will sell off assets to balance the financial outflow, a bit like deferring maintenance to afford to stay in a home – but this is not a sustainable course.

   It will end with second world standards – to facilitate the new rulers (offshore owners) exploitation.

   Which is why they want the treaty diminished. That done the likely outcome is statehood in Oz.

   The rentier class, of those sorted will stay, but as a gated community extracting a share of the profit with their foreign partners.
   • joe90 1.1

     10 February 2025 at 7:04 pm

     (offshore owners)

     What could possibly go wrong.

     Institutional investors may control 40% of U.S. single-family rental homes by 2030, according to MetLife Investment Management. And a group of Washington, D.C., lawmakers say Wall Street needs to back away from the market.

     “What we’re saying is don’t have private equity buying up single-family homes,” said Rep. Ro Khanna, a Democrat representing California’s 17th Congressional District. Khanna is the lead author of the Stop Wall Street Landlords Act of 2022. “What’s outrageous is your tax dollars are helping Wall Street buy up single-family homes,” he said in an interview with CNBC.

     https://www.cnbc.com/2023/02/21/how-wall-street-bought-single-family-homes-and-put-them-up-for-rent.html

     The UN’s housing advisor has accused private equity firms and one of the world’s largest corporate residential landlords, Blackstone Group, of exploiting tenants, “wreaking havoc” in communities and helping to fuel a global housing crisis.

     In a stinging critique of the role of private equity in the housing market UN rapporteur Leilani Farha and co-author Surya Deva, chairperson of the UN Working Group, singled out Blackstone’s business practices – which they claim include massively inflating rents and imposing an array of heavy fees and charges for ordinary repairs – as having “devastating consequences” for many tenants in countries around the world.

     https://www.theguardian.com/us-news/2019/mar/26/blackstone-group-accused-global-housing-crisis-un

     https://www.theguardian.com/us-news/2018/apr/27/sean-hannity-eviction-orders-georgia-apartment-complex
2. joe90 2

   10 February 2025 at 7:26 pm

   Here’s the part in an empire's collapse where Dear Leader wonders out loud about defaulting on debt.

   (Reuters) -U.S. President Donald Trump on Sunday said his administration was examining U.S. Treasury debt payments for possible fraud and suggested that the country's $36 trillion debt load might not be that high.

   Speaking to reporters aboard Air Force One, Trump said administration officials who have been combing through payment records in an effort to identify wasteful spending have turned their attention to the debt payments that play a central role in the global financial system.

   https://finance.yahoo.com/news/trump-says-u-might-less-221932449.html
3. SPC 3

   10 February 2025 at 7:33 pm

   No effort to provide vehicles for foreign investors to invest in to support our productive economy.

   Dumbing down the rules for the investor visa risks watering down the economic benefits for New Zealand,” Labour immigration spokesperson Phil Twyford said.

   “Allowing people to buy residence by parking their money in a passive investment like property that won’t generate jobs or sustainable economic development for New Zealand doesn’t sit well.

   “Kiwi venture capitalists looking for investment opportunities urged the Government to keep Labour’s rules in place, and not open up to passive investments.

   https://thedailyblog.co.nz/2025/02/10/watered-down-investor-visa-will-fail-economy-labour/
4. SPC 4

   10 February 2025 at 7:43 pm

   A journey – nationalism , then and now. Colonialism, then and now.

   https://thedailyblog.co.nz/2025/02/06/guest-blog-geoff-fischer-colonialist-or-nationalist-the-peters-paradox/
5. observer 5

   10 February 2025 at 8:05 pm

   As usual, TVNZ (1 News) bury the lede even when reporting on their own poll. Do they really have no memory of previous PMs, or the ability to Google results in their own polls? The story is right there, but they miss it, while doing meaningless vox pops instead.

   Here to help you, Maiki and Benedict …

   Polling results for first term PMs, at a roughly equivalent stage (= second year of term, the first TVNZ poll of new year).

   Clark 37%. Key 48%. Ardern 44%.

   Maiki Sherman says "Luxon's honeymoon is over". It beggars belief that a political journalist thinks there ever was a honeymoon. The numbers are stark, and right there. And for Luxon, they always have been.

   News on auto pilot, zero thought, zero analysis.
6. tWig 6

   10 February 2025 at 8:54 pm

   Nesrine Malik in The Guardian does a really punchy article on the isolating economic and social effect that Trump's unilateralism will have on the US.

   'Free movement of capital, lower barriers to trade, deregulated cheap labour and the diversification of national income streams have shaped a world that can no longer be divided into isolated outlaw “axes of evil” and pliant regimes. The international community is now divided into those with economic heft and global trading alliances, and those that don’t have either, but now have more options to become client states away from the US’s sphere of influence.'

   Also worth a look is the embedded clip of the socialist President of Mexico, Claudia Sheinbaum, talking to Mexicans about recent US-Mexico state meetings. "Collaboration [against fentamyl trafficking] – yes; subordination -no." What a lucid, calm leader.

   Like a comparison between Ardern and -Peters at his worst. And I wouldn’t trust NZ’s current ‘leader’ to lead his own way out of a paper bag; let alone sail NZ’s foreign policy in these shark-infested waters.
7. adam 7

   10 February 2025 at 9:29 pm

   "In Luigi we trust"

   The corporate dogs just can't help themselves.
   • Tony Veitch 7.1

     11 February 2025 at 4:36 am

     And this is the sort of system that weasel Seymour wants to impose on NZ!!!

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