Daily Review 20/07/2016

Written By: - Date published: 6:00 pm, July 20th, 2016 - 11 comments
Categories: Daily review - Tags:

Aunty Helen Clark  for UN secretary
Daily review is also your post.

This provides Standardistas the opportunity to review events of the day.

The usual rules of good behaviour apply (see the Policy).

Don’t forget to be kind to each other …

11 comments on “Daily Review 20/07/2016”

  1. Muttonbird 1

    WINZ sent desperate families to illegal garages…

    http://www.radionz.co.nz/news/national/309070/winz-sent-families-to-garages,-crowded-homes

    …run by this woman.

    http://www.newshub.co.nz/nznews/predatory-property-managers-renting-out-auckland-garages-2016071917#axzz4Enb4NWQs

    This is what happens when you gut a public service and ask the remaining staff to meet arbitrary financial targets which have no connection to deteriorating social conditions on the ground.

  2. Muttonbird 2

    Horrible to read this but in doing so I was reminded by the steadfast refusal by some posters on this forum to accept that these things happened under US watch. According to these posters only Russia was capable of this sort of indiscriminate fire.

    http://www.stuff.co.nz/world/middle-east/82305227/us-airstrikes-in-syria-kill-at-least-56-civilians

  3. Muttonbird 3

    This is a screenshot of the way Stuff sub-editors view the housing crisis.

    View post on imgur.com

    Clearly they are speaking to one half of society, the baby-boom investing class, in crying “Beginning of the end?”

    • Andrea 3.1

      You know I get to wonder if no one else but ‘baby boomers’ ever buys investment properties.

      Those daring young things under forty, for example.

      But, you’re edging closer: “investing class” – all shapes, sizes, ages and genders who are getting a wave-through because there’s all this endless waaahing about ‘boomers’.

      Be great if you’d be as persistent about the superannuation savings being ripped off by that same ‘investing class’. ‘Management fees’, they call it.

      And banks with interest rates lower than the rate of inflation. Poor old boomers. Conned again.

  4. adam 4

    A very inspired show this evening. Spying… Yes even reading this means you are probably being spied on. If it wasn’t so sad, I’d be drinking.

    I’ll hunt out where the film is going to be shown and post that soon.

    Just a wee note, it was Good Catholic Workers who were the Waihopai 3. These fine men, did a good job for us all. God Bless them all.

  5. Muttonbird 5

    Grant Robertson is good in this article but Winston is onto it again and wins the comments. He has the ability to put a clear statement out to the media. Genter is too timid right now.

    http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11678189

    Also, Winston is so right in when he says offshore buyers will never be deterred. NZ is a cheap bolthole for these people and the ghost houses they keep in Auckland cost them nothing while costing NZ society a lot.

    “Those who have bought it as a bolthole to come here or to secure their money from offshore interference, they won’t be stampeding. The motivation for them is different from the motivation for a normal investor.”

    The following from today shows that houses in Auckland are being bought by offshore wealth as safe places but which lie empty for all but a few weeks of the year.

    http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11677989

  6. Murray Simmonds 6

    ON THE LUNACY OF CURRENT MAINSTREAM ECONOMIC POLICY

    I found this article on Zero Hedge to be quite “thought-provoking” – especially the bit quoted below:
    http://www.zerohedge.com/news/2016-07-20/worlds-central-banks-are-making-big-mistake

    (Quote) “Something has to give:

    Debt is future consumption brought forward. Once debt is incurred, consumption that might have happened in the future won’t happen. And it should come as no surprise that at a certain debt level, growth and income begin to diminish. That is exactly what we are seeing in the real world.

    There are basically two categories of debt: debt used to purchase or create productive activities (like tools for a carpenter or a new factory for a business) and debt used to consume.

    We forget that debt used for consumption doesn’t create new supply. It simply pulls supply forward in time. The problem is that debt can’t do this forever. Pulling your consumption forward to the present means you will consume less later.”

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