Fox to guard the henhouse

Written By: - Date published: 6:46 pm, January 15th, 2009 - 61 comments
Categories: economy - Tags:

The National/Act government has announced its chair for the “job summit” and it’s stock exchange boss Mark Weldon.

I may be missing something but I seem to remember this mess was started by the markets so it seems a bit strange to put someone who runs one in charge of cleaning it up. But after watching/reading/listening to the coverage of the decision I’m getting the feeling I’m the only person who thinks so.

Mind you, we did elect a currency speculator as a Prime Minister knowing the speculation-led recession was coming. Is there some punchline I’m just not privy to?

61 comments on “Fox to guard the henhouse ”

  1. lprent 1

    Probably something like after crapping in your own nest, try the same thing again elsewhere?

    Public service golden parachutes?

    Whatever?

    I suspect what we will see is a lot of smoke and mirrors and bugger all else. Perhaps it needs a better slogan than Jobs summit?

  2. vto 2

    I agree lprent, lots of smoke and bluster. Re Weldon and Key after their respective careers imo at least they have a deep understanding of the business world and that can only help. Do you think Weldon is about to make suggestions that would line his own pockets or those of the NZX or something? If so I think that is a litle naive. Anyway, better than ex-school teachers and unionists etc for such a role, as always happenned before (get them to chair summits on education and the like where their expertise is).

    But yes it will all be about politics and good headlines etc and little concrete substance. As always…

  3. Johnty Rhodes 3

    Actually I have faith in what they will do. I base this on the premise that Key is not a real politician in the way others before were, Clark, Bolger, Lange etc. He is a businessman so is Weldon.

    These 2 guys will walk the walk more as they will not be after consensus and IMHO they will sack useless SOE chiefs, not threaten them.

    Also, more prople will feel more secure with Key leading the ship, rather than a Labour/Green Govt.

  4. IrishBill 4

    vto, Key’s “business” experience has nothing to do with production or with jobs. It has had a lot to do with the absurd game of liar’s poker that got us to recession in the first place. Weldon is the boss of a medium sized company dealing in abstract financial products that frequently have no bearing on reality.

    In fact all I’ve ever heard from Weldon are claims the market is doing better than it is and an expressed desire (pre-crash) to see our public assets floated. That would’ve been a good idea, eh?

  5. Felix 5

    The guy is a tool.

    At the press conference today he said he wanted to hear from the people “at the sharp end of the NZ economy, the employers and businesses”.

    Apparently workers and families aren’t at the “sharp end” of the economy.

    He went on to describe, without a trace of irony, “the banks, the CEOs” as “the coal face of the NZ economy”. Nuff said.

  6. we know what this fool thinks we need to do. He and that plonker David Skilling released their formula for enriching the wealth by taking more wealth of the rest during the recession – they called it a recovery plan, tax cuts for the rich etc

  7. Peter Burns 7

    Red fox cyberpunk maximum alert; anybody spotted that “plonker” d4j?
    The rooster crows, as the hens go madder. Wonder if the sisterhood can land a bomber on the henhouse roof? Over and out.

  8. vto 8

    irishbill, nobody gets to make tens of millions without understanding the worlds of money, business and people. And as for liars poker that has led to recession – get real. This recession has come about due to the very nature of some human habits – those such as greed, fear and speculation. They are inherent in people. It merely manifested itself in the ‘markets’. If those markets hadn’t existed then those human traits would have turned to sores elsewhere.

    In fact, you should turn some of that vitriol that gets extended to types like Key and Weldon towards all those folk who greedily chased an extra 2% per annum from finance companies and then panicked in fear when they finally understood the risk and caused the vast majority of NZ’s own economic attitude meltdown.

    And you describe the structure that enables investment in NZ businesses as ‘abstract financial products’? It is no wonder the left gets labelled daft sometimes.

  9. vto 9

    Having said that, if what Felix said Weldon said is right then he is perhaps a less than smart choice as that appears to be poor politictalk. And what does he mean by ‘sharp end’?

    The big boys of the economy cannot do anything to make the punters get economically active, although this is a common misconception of some in business imo. The sharp end could just as easily be the massive bulk of the economy i.e. me and my neighbour as we go about our daily biz and buy some milk and a paper in the a.m. and then tootle off to work (or not!).

    I’m sure Weldon has some skills but he does come across as a plonker sometimes.

  10. Carlos 10

    vto claims “This recession has come about due to the very nature of some human habits – those such as greed, fear and speculation.” If this is so, that’s why we need controls, checks and balances by public services that are neither greedy, fearful nor speculative. It was because oversite had become lax or non-existent in the neocon US, that the toxic assets were able to infect the market.
    But as “control” is a dirty word to Kiwi free marketeers too, “Fox to guard the henhouse” fits the situation perfectly.

  11. Pascal's bookie 11

    vto, real cheap and short book you might find interesting:

    http://www.amazon.com/Economics-Innocent-Fraud-Truth-Time/dp/0618013245

    “The Economics of Innocent Fraud” by J.K. Galbraith.

    It’s nice and quick, (my pocket penguin edition clocks in at 53 pages) and he debunks a slew of the many myths that we all cherish about our current system. Essentially he argues that the modern capitalist system has been captured by managers in the private bureaucracies of our corporations (which share all the faults of our public bureaucracies, with none of the oversight from those to whom they are supposed to be responsible). Share markets that we tell ourselves are about raising funds for industry, do not actually behave that way anymore. It’s b’crats all the way up. Shareholders, the supposed owners, hardly get a look in.

    Witness any AGM where the institutional investors side with the board over the small investors every time. Those institutions? Who decides how they vote ? The teachers and cops putting their 20 bucks a week into a unit trust? Nope, more bureaucrats.

  12. Quoth the Raven 12

    Quite right Pascal. vto you might be interested in this discussion at Cato Unbound:When Corporations Hate Markets. And it’s absolutley free to read.

  13. killinginthenameof 13

    Cut the crap, so far they have had a meeting in which they decided to have a bigger meeting. Can you imagine the shit that would be flying (led by DPF no doubt) if this had been labour? isnt all this carry on all just red tape and beuracracy??

    And does anyone really expect the answer to be anything other than corprate welfare?

  14. Quoth the Raven 14

    And does anyone really expect the answer to be anything other than corprate welfare?

    That’s exactly what I’m expecting John Key is the man with the gun and Weldon is the bag man.

  15. Felix 15

    vto,

    It was Key who made those comments, not Weldon.

    Sorry, I didn’t make that very clear.

  16. Whero 16

    I know what Jesus did when he found the money changers in the temple.

    I hope New Zealand voters do the same when they realise what they have done.

  17. Whero 17

    Johnty Roads said:

    “Also, more prople will feel more secure with Key leading the ship, rather than a Labour/Green Govt.”

    Are you fucking crazy?

  18. faded tigger 18

    greenwilliam said “Is there some punchline I’m just not privy to?”

    Yes. And we are all laughing at you.

  19. cocamc 19

    so what would Labour’s response be? Lets face the facts that it is business, big and small, that drives the economy. It is business we need to help to manage through the recession so why not focus on making sure those entities survive

  20. IrishBill 20

    cocamc, Labour have already indicated they would have increased the retrofitting of NZ homes which would have meant work for small businesses in the building sector, an increase in jobs for semi-skilled labour and health benefits that would have generally increased the productive capacity of the workforce that live in these houses. I’m sure they have other plans too. My advice to Labour would be to go ahead with their mini-budget (and include the greens in the process), offer it to the government as a paper and release it to the public.

    A lot of people in Labour were quite keen to govern during the recession as many of them, Cullen included, would have relished the chance to prove their skills and ideas in a tough economic climate. They can still show they have the nous to do so.

  21. cocamc 21

    IrishBill – other than that Labour stated they would have had a mini budget but no details were provided – so how could we have judged them on that during the election. Unless there were mini budget items that would have killed them (tax cuts cancelled).
    Its a bit late to release now as hindsight is such a wonderful way to manage – and they will be criticised since the horse has bolted.
    National have indicated that they are going to bring forward infrastructure projects and that will help. But lets also think about rushing things and the issues that causes. If we look to the rest of the developed nations such as Europe and the US i would say some of the plans they have put in place are not necessarily working – yet. The markets are still down and finance/banking sector shaky at best.
    It needs a collective approach from the worlds economies and not all countries running of doing there own things with disregard to the impacts of our neighbours.

  22. John Dalley 22

    When John Key tells us he has a plan, then we know he has non. The National Governments incompetence and inaction is forcing the NZ$ in to an unprecedented slide.
    National has no plan and in a months’ time they will still have none and then he appoints Weldon to a “Talk-fest” which will come up with no major plan.
    Mark Weldon pontificated yesterday that under-performing CEO’s should be sacked, well i suggest they start with him as an under-performing CEO of the Stock Exchange.

  23. randal 23

    the essential point about this government is that for all their protestations they are not focussed on growth but merely getting a jobbers turn on every transaction.
    doubts were being cast about the debt instruments that caused this crash way back in 2002 but no government agency was willing to do anything about it in the USA and ourvery own breed of asset stripping went unchecked also as everybody in the ‘know’ took a large profit
    this government will do nothing except kick the underdog till the the US economy moves into gear again and then pretend that everything was always ok in the first place
    ho hum

  24. SPC 24

    Well I guess the guest list for the jobs summit might give it away – National sees the economy as being run by some arrangment between government and capital.

    The other thing is the preference for transferring control to larger and larger entities capitalist (state assets to private blocks of capital) or otherwise to minimise local control and democratic accountability (area health boards, the work of local councils being privatised) – the latest sign being one council to rule them all in Auckland. Applied at a national level – this is the direct election of a President to rule the country.

    It speaks to the ultimate trend of capitalism to ally to a ruling oligarchy.

  25. DeeDub 25

    I have to admit I inadvertently spat out a mouthful of my early evening beer when I saw Weldon’s smug bastard face fronting for this ‘job summit’… what a joke. The trouble is that most Kiwis won’t get the punchline until it’s too late.

  26. Felix 26

    cocamc,

    Irish has already given you one concrete, costed example which would provide a lot of work and a lot of ongoing economic and social benefit for many, many years to come.

    National have rejected it outright of course.

    I too would like to see Cullen release his mini budget, not only to give people a comparison but also because I think National really need some help.

    Remember before the election they insisted that they had all these plans in place to get us through the recession? But they couldn’t tell us what they were? Remember that? Well guess what – it’s 2 months since they won the election now and they still can’t tell us!

    The truth is they have no ideas, and Key said as much yesterday when he was asked about the jobs summit.

    Key:
    “We don’t have a whole list of, a smorgasboard of things we’re currently proposing”

    Press:
    “So the govt. won’t be taking any policy suggestions, proposals along to that event?”

    Key:
    “We won’t, but it’s a forum where we’re going to be inviting those at the sharp end of the NZ economy, the employers and businesses, and what they might discuss and what proposals they might put up, we’re going to listen to”

    There you have it. No ideas, just let business interests run the country and fuck off back to Hawaii as soon as possible.

  27. TightyRighty 27

    Cactus kate points out that according to Weldon’s “underperforming CEO’s must go”, he’d be one of the first to get spanish archered. NZX took a beating last year.

    Oh and John Delley, a falling dollar is good for the economy as it reduces the price of our exports enabling NZ exporters to sell more overseas. and if the OCR goes down next week as everyone predicts then the dollar is likely to go down further.

  28. Strathen 28

    Weldon to chair the summit? I don’t think there could be a better person really. While most people here seem to think that Weldon came in to the job just as the recession hit, some will remember back to the days when the NZX was to be integrated in to the Aussie stock exchange, it was that poor. Now we have a competitive stock exchange that stands alone. Weldon was the leader of this. I think his credentials fit perfectly as someone that has taken a failing stock exchange to be integrated, through to an independent stock exchange. Oh, and he was a NZ rep at swimming, but that’s probably irrelevant.

    NZ is lucky to be in the position that we are in. After talking to friends in the UK and US, we are massively sheltered from what the rest of the world is going through. To this, we need to thank Labour for the last 9 years. It could’ve been a lot worse (or the worst is yet to come – hope not). An even bigger thanks needs to go to our agriculture industry that is a major factor (bigger than the government) in sheltering us from the worst of it.

    However, Labours plan of retrofitting houses is false economy. Using tax payers money to pay tax payers to upgrade housing will provide a temporary relief for those concerned, but it doesn’t lead to sustainable productivity. Productivity is what the economy needs, not work for work’s sake. Yeah, it feels good to let the poor feel warm in the winter, but it doesn’t make sense to increase the number of poor.

    National’s plan to invest in to infrastructure is targeted at increasing productivity, and therefore stimulating the economy. Once the economy is stimulated, we can upgrade housing.

    Some people say that National is doing nothing. Has anyone asked if in fact doing nothing is the best course? I personally don’t think it is, but maybe the Government should be doing less?

    quote from an article I read but I can’t find it:
    ‘observe that all of the most prominent problems today–problems with housing, financial markets, health care, oil–involve some of the least-free sectors of our economy, those with the most government intervention.’

  29. vto 29

    P’s bookie I will check that out. Have some sympathy for those sentiments re corporate bureacracy and the control by funds etc. It has seemed to me for a while that the interests of directors and managers and the interests of shareholders often do not line up. QtR will check that too. Ta.

    It seems for many (those in biz especially) these are fearful times. I am seriously contemplating simply opting out altogether until some sense of normalty returns to economic activity.

    It is easy to dismiss the recent economic rise as ‘not real’, but quite frankly these low times are similarly ‘not real’. Fluff at the top and fluff at the bottom.

    It is the volatility that kills things. I could do without the booms if it meant no busts as well. My biz operates best under steady conditions. Lordy knows though how the human beast remains steady over longer periods such is our propensity for excitement and adventure…

  30. Felix 30

    Strathen,
    Using tax payers money to pay tax payers to upgrade housing…

    You forgot tax-payers’ housing. Another way of saying it is “Kiwis being paid Kiwi $ to fix up Kiwi homes”.

    Work for work’s sake? How so?

    If the work needs doing and there are people who need the work, why not? It’s not like paying people to dig holes and fill them in.

    Would it be better if everyone just insulated their own properties properly? Yep, probably, but it didn’t happen so lets deal with reality.

    Apart from comparisons to an ideal fantasy world, what is the problem with spending tax dollars on taxpayers needs to stimulate the economy?

    vto,
    Fluff at the top and fluff at the bottom

    Couldn’t agree more. Funny how the abstract nature of the whole thing comes into focus when you step back a bit from it.

  31. Pascal's bookie 31

    vto, fair enough.

    Strathen:

    quote from an article I read but I can’t find it:

    that would be here .

    google is your friend 🙂

    Personally I think this is better, certainly on a friday.

  32. Clarke 32

    This “summit” looks like the opening bid in what JK Galbraith has called “Predator Capitalism” in the US: http://www.motherjones.com/commentary/columns/2006/05/predator_state.html

    Let’s take the example of infrastructure spending. If we spend (say) $50 million on upgrading the insulation in local houses, it makes work for a huge number of tradespeople who are probably finding things a bit slow right now – and the added benefit is that power bills will be lower, people will be warmer, and there’ll be less load on the health system this winter.

    If we take the same $50 million and spend it on roads, then large companies such as Fulton Hogan will be the beneficiaries. Their staffing will only increase marginally as most of the money will go to fund machinery and raw materials. The local tradespeople won’t get any additional work at all, power bills will stay the same, people will still freeze in winter, and the health system will be under its usual pressure.

    Importantly, however, the Fulton Hogans of this country will be able to bank improved profits. Who knows, maybe they can then leverage those improved fiscal results into a stock exchange listing ….

  33. Strathen 33

    Cheers Pascal, yeap that’s the one and I apologise for my laziness. Also, I’m not quite literate enough to put the links in this yet. Maybe if I spend more time here I’ll force myself to learn XHTML so as not to detract from everyone’s experience. Good 2nd link too, a nice smile for a Friday. 🙂

    Felix
    Work for works sake. Well, it’s not going to stimulate the economy. As the link that Pascal found of mine states: ‘Though this might bring the appearance of prosperity, in the same way that an unemployed man appears prosperous if he goes on a shopping spree with his credit cards, the reality will be the opposite.’

    The economy needs to be stimulated and that means we need to produce. Spending money on the housing will not produce. It’s like spending money on a want, not a need. The economy needs stimulation, not temporarily massaging a knot out, only for it to return bigger in the future.

    It IS a bit like digging holes and then filling them. What does it achieve for the economy? Sure, the people get warm, just like the people digging holes get warm. But what value does it add to the economy? I thought we needed to stimulate the economy so as we all survive without massive losses, and unemployment only blows out to 7% rather than 15%. If this is not your goal, then I concede that insulation for housing is probably the best solution.

    ‘Apart from comparisons to an ideal fantasy world, what is the problem with spending tax dollars on taxpayers needs to stimulate the economy?’ I agree with this statement, however I believe we should spend money on taxpayers needs that increase productivity rather than social benefit at the moment. The last 9 years (maybe only 3-6 actually) we have been in a position to spend on social benefit and that is what has (should’ve??) happened. Now is the time to spend on Economic stimulation (Productivity).

  34. IrishBill 34

    “What does it achieve for the economy?”

    Strathen, it greatly improves the health of the workforce and thus it’s productivity. The key to decent Keynesian stimulus is to make sure that the money you spend to flatten a recession helps build capacity for the next upswing. In this case insulating houses would mean that in the next boom there is less lost time and greater labour capacity. Other projects should include expanding public transport and the rail network so that industry is buffered from volatile fuel prices and investing in and promoting training. One of the biggest capacity issues during the last boom was a shortage of skilled labour and it makes sense to stimulate by fixing that problem for the next boom.

  35. Strathen 35

    Valid points IB. I agree with your other projects, however I think they should get precedence.

    Having a healthy workforce for the next boom is all good, but perhaps we should ensure the next boom gets here sooner rather than later. Being healthy with nothing to do is not productive.

    The housing project appeals to the altruist in most people, and I accept that. But what happens when we have this great healthy lifestyle for all of us when there is nothing and no one left to pay for it because the economy wasn’t stimulated?

  36. randal 36

    the funny thing is that none of these dudes have ever done a real days work in their life!

  37. SPC 37

    Strathen

    Spending on healthy housing – reduces consequent health care costs (improves labour productivity) and also reduces need for more energy. Thus it is both cost effective in budgetary terms and has the added bonus in that it also lowers the cost of energy to business (reducing peak load). It also reduces any Kyoto liability.

    Is thus a good short term and longer term economic investment.

    Whereas much of the road spending is just to reduce the time of the middle class in getting to and from work in Auckland or in facilitating the quicker movement of imported goods ino retail outlets. I would argue that National’s decision is not economic one, but a class one. Their voters are not the ones living in unhealthy homes, but they are commuters who would want other taxpayers/goverment to reduce their commuting time.

    The irony there is also a better economic return from the other policy* they have abandoned, than their preference for roading projects (few of which assist in getting exports to market). The convenience of our vast import business (many of retail businesses have foreign ownership) is hardly of any boost to our economic growth.

    *R and D tax incentives and Fast Forward.

  38. Felix 38

    Investing in housing is non-productive?

    Maybe in a very short term sense it’s non-productive as it isn’t obviously producing a good for market.

    A longer term view yields a different conclusion, one of increasing the wealth of the nation.

    Dig a hole and fill it in and you’ve produced nothing. Fix up houses and you’ve produced a real, tangible, valuable improvement to the country.

    If you can’t make that distinction you need to get away from the textbooks and do some work on a building site. You’ll figure out the difference pretty quickly.

  39. ieuan 39

    I have always thought that Mark Weldon was well out of his depth running NZX. It is not really his fault that the NZ share market took a beating last year, as world wide share markets have all taken a beating but it is his fault that he has failed to grow our share market with significant new listings.

    Sorry but I don’t have much hope that this employment summit will come up with anything significant but (fingers crossed) I am wrong.

    Anything I can do to help? I’m “at the sharp end of the NZ economy, the employers and businesses’.

  40. Ari 40

    TR- a falling dollar is good for the export sector, but it also indicates a fall in confidence in our economy overseas.

    Ideally we want a dollar strong, but not so strong it strangles our exports.

  41. vto 41

    randal said “the funny thing is that none of these dudes have ever done a real days work in their life!”

    which is ?

  42. Johnty Rhodes 42

    All this govt. investing in insulatuion for houses is all shit. After 9 years of Labour too many people think it is the govt that needs to keep them warm, fuck self preservation. How about people pay for it themselves and make a saving for themselves in the long run with lower power bills. If you are a tenant sure, get the landlord to do it, but don’t expect it for free, you will need to pay some more rent for the benefit, but your lower power bill should cover it. Same for State Housing. I want a return on my compulsory investment, PAYE.

    The Greens, hence Labour by default do not know the meaning of investment, they only know the meaning of spending.

    The Greens who would have had a big say in the economy once said that some natural disaster was a good thing for the economy as it will create stimulus for building opportunities. (May have been in response to Hurricane Katrina), real homer simpson logic that.

    We need infrastructure spending so we can create a first world road/internet system that will be more efficient in 5 years time when things right themselves. Key can see this and this is why I reckon things will get done from the talk fest. Socially NZ will not collapse but you could argue society was getting worse since 2000 despite having a Labour Govt in.

  43. Johnty – Are you a tweaker?

  44. SPC 44

    Fairs fair, if people should be required to wait until they can afford to invest in home insulation and any higher user pays costs involved – the same should apply to roads and broadband. When the market can deliver the roads and better broadband without government help and users can afford to pay for their service so be it.

    Meantime, we will pay in higher health care costs and in higher power bills and in Kyoto liabilities because of that choice – because people who live in healthy homes want money for their easier commuter journeys and their extra spare time on the net.

  45. Felix 45

    I want a return on my compulsory investment, PAYE

    I know you’re just trolling, but I’ll try to put it in simple terms you can understand. I’ll type slowly and put a *$* every time I save you some money.

    One return in this case is a healthier society (or if you don’t believe in the existence of “society”, say “healthy workforce”). More healthy means more productive hours at work and more mental and physical fitness applied in those hours, therefore more efficient and profitable businesses = *$$*. Can you see how having good food available at reasonable prices benefits a society? It’s a bit like that. The next saving is energy. Lower energy use nationwide means less pressure on our energy network and therefore less spending on infrastructure so *$$* savings on that. Also less energy generation means less Kyoto costs so *$$*. Jobs for people who need work means they’re less likely to break into your house to steal your plasma screen so *$$* you save on your insurance and possibly *$* on dogfood. And the money we pay them isn’t locked up in a new power station, it’s circulated in the economy so *$$* you can have some of that too if you’re in the business of selling things or providing services.

    Those are really simple examples that even a simpleton should grasp. If you get as far as looking between the $ signs you’ll find a host of other benefits too.

    you could argue society was getting worse since 2000 despite having a Labour Govt in

    Not coherently. Or someone would’ve.

  46. outofbed 46

    I just love it when Labour supporters bang on about “their” insulating of existing housing initiative, . how naughty National has dropped it and what a great infrastructure investment idea it is.
    On the campaign trail it was amusingly labour candidates trumpeting this very good idea from the rooftops
    But as we all know, during the negations with the Greens (ETS) the Labour party had to dragged kicking and screaming to have this put into the agreement and therefore get support the ETS.
    Yes there are studies that show that 1$ spent on insulating home returns $4.00 on saved health costs. It means that your power generation needs lesson with the very real savings on electricity bills. It was about investing in the future and helping NZ meeting its sustainability goals and aspirations.
    I fell i should remind you labourites That is was A GREEN initiative that Labour resisted and fought against extremely vigorously

  47. Felix 47

    What Labourites?

    And power generation needs don’t lesson, they lessen. Although under National they probably fewen. Here endeth the lessen.

  48. Peter Burns 48

    Labourites or Nationalites? Who cares, man this country is in the shit. Oh well at least milk will be cheaper and the eggs can argue all the crap they want. Poor property developers and so on.Down goes the circus. Hen pecked pollies are a joke.

    Captcha; Cock a-doodle do.

  49. the sprout 49

    lprent: “a lot of smoke and mirrors and bugger all else”

    yep that pretty much sums it up. and as Gordon Campbell writes, it’s really just an excercise in PR damage control after people started to get a bit pissed that so far the National “Government” has been mostly on holiday.

    http://gordoncampbell.scoop.co.nz/obama-and-key%e2%80%99s-responses-to-the-financial-crisis/

    you don’t get to make tens of millions of dollars like Key has without being able to put a shine on a turd and shaft a lot of people with little or no regret.

  50. rave 50

    Key’s shares in BOA kept alive by another $20 billion bailout. Plus$180 billion to buy the bad debts of Merrill Lynch, ho ho Johno. Let’s get that man to run the economy.
    Weldon wants the Cullen fund to invest in the producer cooperatives like Fonterra, and he wants SOEs to offer non-voting shares on his NZX. Can’t raise the money otherwise. Wonder why? Wow. Get that man to raid the piggy bank. Economic recovery for whom? The robbers running all the way to the banks. Jobs summit? Jobs for the boys.

  51. Whero 51

    An egg said:

    ” . . . Some people say that National is doing nothing. Has anyone asked if in fact doing nothing is the best course? I personally don’t think it is, but maybe the Government should be doing less? . . . ”

    Ummm . . . let me think about that.

    I might lose my job in the next three months and the Government is doing “less than nothing” about it?

    Ooops. That wasn’t such a wise voote.

  52. Whero 52

    SPC said: “and the added benefit is that power bills will be lower, people will be warmer, and there’ll be less load on the health system this winter.”

    But then the foreign investor who owns the energy companies Don McKinnon sold would lose money. Eeeeeeeeek.

  53. Strathen 53

    Whero – ‘An egg said…’ That egg was me, and from one egg to another let me elaborate on my point for you.

    I wasn’t referring to the current perceived level of inaction by the government, but referring to the government removing legislation around the economy when I said they should be doing less. It’s all well and good to claim the ‘free market’ is failing, except we are not in a free market. The quote that followed was a statement saying the markets that are struggling the most, are the ones that have the most legislation attached to them. Perhaps the government should reduce the amount of legislation and let a free market be just that. Or we can continue to introduce more legislation and most probably see the economy get worse and worse all the while appropriating blame on the free market that doesn’t exist.

  54. Felix [ He is a tool.. ]

    Agreed.

    How independent a tool..?

    Could the answer lie with knowing to whom his business is most likely indebted or reliant.?

    Interesting, however, is the lack of initiative and/or imagination involved.. here.

  55. rave 55

    Strathen the banks got into trouble and needed more regulation to stay alive.
    What does that do to your argument?
    I would say the market if farket even on a public drip. Brain dead turn off the life support.

  56. Strathen 56

    Rave – That’s not true. There was legislation and government promises to financial institutions (e.g. too big to fail) that lead them down the garden path by enticing them to lend where normally they wouldn’t, especially in a free market, and if sustainable profit were their primary motive. Also the FED fixed the interest rates to accommodate the American Dream that everyone should be able to own their own home. Then once the FED found this to be unsustainable, the interest rates went up to their normal level, and the loans started foreclosing causing the collapse.

    The Commodity Futures Modernisation Act prevented regulators from checking on credit default swaps. Without this normal function, it allowed lending institutions to lend without fear of reprisal.

    I’m not abolishing the financial sector from all blame, obviously there is some (a lot of) companies that recklessly took advantage of a legislation(s) that allowed for Finance companies to ignore risk and lend unashamedly. Once again, this can be seen primarily as a result of legislation. It is illegal for a company not to exploit these things to gain a profit for their stakeholders, shareholders, and board. Therefore organisations are meant to take advantage of stupid legislation.

    IMHO, your comment does lend weight to the argument that most people don’t understand the situation and unrealistically blame a ‘free market’ where it doesn’t exist.

    Catchpa: excited Directors

  57. strathen – you’re talking about moral hazard but the market provides moral hazard by selling insurance (amongst other things) so you can’t blame government for that. I think the biggest “moral hazard” is leaving the market to it’s own amoral devices. We had one of the most unregulated markets in the world in the 80’s and all it produced was thieves and liars… Ditto Russia in the 90’s…

    Oh and the market fucked it’s reputation back then, just as it has done this time. That’s one of the reasons we’ve got so much money invested in property and such a small SX and why the vast majority of people blame the money men…

  58. Felix 58

    Strathen,

    “Fed” is an abbreviation of “Federal”, no? Meaning “Federal Reserve Bank”, no?

    Why do you capitalise it so? It’s not an acronym.

  59. Whero 59

    Strathen said:

    “Perhaps the government should reduce the amount of legislation and let a free market be just that.”

    Ummm – let me think about that.

    My impending redundancy is due to the deregulation of the US economy and the resulting credit default swaps. And now you’re telling me more deregulation is what I need?

    No thanks. You see, I still can’t get past the idea that there is such a thing as a “free market”, let alone the possibility that it shares my concerns.

    But, going back to your original post, maybe you’re right: The Goober’s perceived dithering and hand-wringing is the best option for me. Not for him, though; it is now apparent to all (except the NZ Fox-News Herald) that he has no actual policy except to repeat the mantra: ” we are exploring plans to discuss options for implementation going forward in the short term”.

    In the meantime, the Fox is in the Henhouse . . .

  60. Strathen,

    thank ye for your latest comment above. It seems from the readings that you ask/demand of legislation what it canna produce.. the distinction between law-abiding and non-law abiding or evading behaviors for example.. oh yes, one can express the words toward wholesale expectation/s but compliance lies with users and abusers of duly authorised legal terminology.. yes?

    interesting I aver is your use of the term ‘free market’. I should like to understand your own meaning (significance) for this term. Is it, for instance, similar to Friedman’s take..?

  61. Draco T Bastard 61

    interesting I aver is your use of the term ‘free market’. I should like to understand your own meaning (significance) for this term. Is it, for instance, similar to Friedman’s take..?

    Good question because, from what I’ve observed, most people don’t understand what a free-market is. They certainly don’t understand that capitalism is a market distortion.

Recent Comments

Recent Posts

  • You take nicer pictures when you’re not drunk
    Readers keeping count will know it's more than five years since I gave up booze. Some of you get worried on my behalf when I recount a possibly testing moment. Anxious readers: today I got well tested.All the way across France I've been enquiring in my very polite and well-meaning but ...
    More Than A FeildingBy David Slack
    2 hours ago
  • Cancer
    Turn awayIf you could, get me a drinkOf water 'cause my lips are chapped and fadedCall my Aunt MarieHelp her gather all my thingsAnd bury me in all my favourite coloursMy sisters and my brothers, stillI will not kiss you'Cause the hardest part of this is leaving youI remember the ...
    Nick’s KōreroBy Nick Rockel
    7 hours ago
  • Gordon Campbell on why we shouldn’t buy new planes for the PM
    Its not often that one has to agree with Judith Collins, but yes, it would indeed cost “hundreds of millions of dollars” (at least) to buy replacement aircraft to fly the Prime Minister on his overseas missions of diplomacy and trade. And yes, the public might well regard that spending ...
    WerewolfBy lyndon
    8 hours ago
  • The Stadium Debate – What About the Transport Options?
    A few weeks ago, Auckland Council took another step in the long-running stadium saga, narrowing its shortlist down to two options for which they will now seek feasibility studies. The recommendation to move forward with a feasibility study was carried twenty to one by the council’s Governing Body for the ...
    10 hours ago
  • Bernard’s mid-winter pick ‘n’ mix for Thursday, June 20
    Social Development Minister Louise Upston has defended the Government’s decision to save money by dumping a programme which tops up the pay of disabled workers. Photo: Lynn GrievesonTL;DR: It has emerged the National-ACT-NZ First Government decided to cut wages for disabled workers from the minimum wage to $2 an hour ...
    The KakaBy Bernard Hickey
    11 hours ago
  • Where the power really resides in Wellington
    The new Chief Executive of the Department of Prime Minister and Cabinet (DPMC) yesterday gave a Select Committee a brutally frank outline of the department’s role as the agency right at the centre of power in Wellington. Ben King, formerly a deputy Chief Executive at the Ministry of Foreign Affairs ...
    PolitikBy Richard Harman
    13 hours ago
  • Climate Adam: Why we're still losing the fight against Methane
    This video includes conclusions of the creator climate scientist Dr. Adam Levy. It is presented to our readers as an informed perspective. Please see video description for references (if any). Carbon dioxide is the main culprit behind climate change. But in second place is methane: a greenhouse gas stronger than CO2, ...
    24 hours ago
  • Climate Change: More ETS failure
    A few weeks ago, I blogged about the (then) upcoming ETS auction, raising the prospect of it failing, leaving the government with a messy budget hole. The auction was today, and indeed, it failed. In fact, it was such a failure that no-one even bothered to bid. Its easy to ...
    No Right TurnBy Idiot/Savant
    1 day ago
  • The Return of Jacinda.
    Oh, take me, take me, take meTo the dreamer's ballI'll be right on time and I'll dress so fineYou're gonna love me when you see meI won't have to worryTake me, take mePromise not to wake me'Til it's morningIt's all been trueEarly morning yesterday, well before dawn, doom-scrolling.Not intentionally, that’s ...
    Nick’s KōreroBy Nick Rockel
    1 day ago
  • How good is the interim NW busway?
    This is a guest post by Pshem Kowalczyk, a long-time follower of the blog. With great fanfare, just over six months ago (on 12 November 2023), AT launched its interim busway for the NorthWest region, with the new WX express service at the heart of the changes. I live ...
    Greater AucklandBy Guest Post
    1 day ago
  • Consumer confidence collapses after Budget, in contrast with rest of world
    The first widespread survey of consumers and voters since the Budget on May 30 shows a collapse in confidence. Photo: Lynn Grieveson / The KākāTL;DR: The belt-tightening and tax-cutting Budget delivered on May 30 has not delivered the boost to confidence in the economy the National-ACT-NZ First Government might have ...
    The KakaBy Bernard Hickey
    1 day ago
  • The end for the Air Force 757s
    The Air Force 757 that broke down with the Prime Minister on board in Port Moresby on Sunday is considered so unreliable that it carries a substantial stock of spare parts when it travels overseas. And the plane also carries an Air Force maintenance team on board ready to make ...
    PolitikBy Richard Harman
    2 days ago
  • At a glance – Was 1934 the hottest year on record?
    On February 14, 2023 we announced our Rebuttal Update Project. This included an ask for feedback about the added "At a glance" section in the updated basic rebuttal versions. This weekly blog post series highlights this new section of one of the updated basic rebuttal versions and serves as a ...
    2 days ago
  • It's not New Zealand they've never heard of, it's him
    Sometimes you’ll just be so dog-tired, you can only keep yourself awake with a short stab of self-inflicted pain.A quick bite of the lip, for instance.Maybe a slight bite on the tongue or a dig of the nails.But what if you’re needing something a bit more painful?The solution is as ...
    More Than A FeildingBy David Slack
    2 days ago
  • Some “scrutiny” II
    Last month I blogged about the Ministry of Justice's Open Government Partnership commitment to strengthen scrutiny of Official Information Act exemption clauses in legislation", and how their existing efforts did not give much reason for confidence. As part of that, I mentioned that I had asked the Ministry for its ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • Gordon Campbell on why the Biden “peace plan” for Gaza is doomed
    After months and months of blocking every attempt by the UN and everyone else to achieve a Gaza ceasefire, US President Joe Biden is now marketing his own three-stage “peace plan” to end the conflict. Like every other contribution by the US since October 7, the Biden initiative is hobbled ...
    WerewolfBy lyndon
    2 days ago
  • Raised crossings: hearing the voice of vulnerable pedestrians
    This is a guest post by Vivian Naylor, who is the Barrier Free Advisor and Educator at CCS Disability Action, Northern Region, the largest disability support and advocacy organisation in Aotearoa New Zealand. She also advises on AT’s Public Transport and Capital Projects Accessibility Groups. Vivian has been advocating and ...
    Greater AucklandBy Guest Post
    2 days ago
  • Leaving on a Jet Plane
    So kiss me and smile for meTell me that you'll wait for meHold me like you'll never let me go'Cause I'm leavin' on a jet planeDon't know when I'll be back againOh babe, I hate to go“The true measure of any society can be found in how it treats its ...
    Nick’s KōreroBy Nick Rockel
    2 days ago
  • Bernard's mid-winter pick 'n' mix for Tuesday, June 18
    The election promises of ‘better economic management’ are now ringing hollow, as NZ appears to be falling into a deeper recession, while other economies are turning the corner. Photo: Lynn Grieveson / The KākāTL;DR: The economy and the housing market are slumping back into a deep recession this winter, contrasting ...
    The KakaBy Bernard Hickey
    3 days ago
  • Scrutiny week off to rocky start
    Parliament’s new “Scrutiny” process, which is supposed to allow Select Committees to interrogate Ministers and officials in much more depth, has got off to a rocky start. Yesterday was the first day of “Scrutiny Week” which is supposed to see the Government grilled on how it spends taxpayers’ money and ...
    PolitikBy Richard Harman
    3 days ago
  • The choice could not be more stark’: How Trump and Biden compare on climate change
    This is a re-post from Yale Climate Connections by Barbara Grady Illustration by Samantha Harrington. Photo credits: Justin Lane-Pool/Getty Images, Win McNamee/Getty Images, European Space Agency. In an empty wind-swept field in Richmond, California, next to the county landfill, a company called RavenSr has plotted out land and won ...
    3 days ago
  • Differentiating between democracy and republic
    Although NZ readers may not be that interested in the subject and in lieu of US Fathers Day missives (not celebrated in NZ), I thought I would lay out some brief thoughts on a political subject being debated in the … Continue reading ...
    KiwipoliticoBy Pablo
    3 days ago
  • Bernard's mid-winter pick 'n' mix for Monday, June 17
    TL;DR: Chris Bishop talks up the use of value capture, congestion charging, PPPs, water meters, tolling and rebating GST on building materials to councils to ramp up infrastructure investment in the absence of the Government simply borrowing more to provide the capital.Meanwhile, Christopher Luxon wants to double the number of ...
    The KakaBy Bernard Hickey
    3 days ago
  • You do have the power to change things
    When I was invited to come aboard and help with Greater Auckland a few months ago (thanks to Patrick!), it was suggested it might be a good idea to write some sort of autobiographical post by way of an introduction. This post isn’t quite that – although I’m sure I’lll ...
    Greater AucklandBy Connor Sharp
    3 days ago
  • Turning Away – Who Cares If We Don't?
    On the turning awayFrom the pale and downtroddenAnd the words they say which we won't understandDon't accept that, what's happeningIs just a case of other's sufferingOr you'll find that you're joining inThe turning awayToday’s guest kōrero is from Author Catherine Lea. So without further ado, over to Catherine…I’m so honoured ...
    Nick’s KōreroBy Nick Rockel
    4 days ago
  • Dissecting Tickled
    Hi,Tickled was one of the craziest things that ever happened to me (and I feel like a lot of crazy things have happened to me).So ahead of the Webworm popup and Tickled screening in New Zealand on July 13, I thought I’d write about how we made that film and ...
    David FarrierBy David Farrier
    4 days ago
  • New Zealand Webworm Popup + Tickled!
    Hi,I’m doing a Webworm merch popup followed by a Tickled screening in Auckland, New Zealand on July 13th — and I’d love you to come. I got the urge to do this while writing this Webworm piece breaking down how we made Tickled, and talking to all the people who ...
    David FarrierBy David Farrier
    4 days ago
  • What China wants from NZ business
    One simple statistic said it all: China Premier Li Qiang asked Fonterra CEO Miles Hurrell what percentage of the company’s overall sales were made in China. “Thirty per cent,” said Hurrell. In other words, New Zealand’s largest company is more or less dependent on the Chinese market. But Hurrell is ...
    PolitikBy Richard Harman
    4 days ago
  • Review: The Worm Ouroboros, by E.R. Eddison (1922)
    One occasionally runs into the question of what J.R.R. Tolkien would have thought of George R.R. Martin. For years, I had a go-to online answer: we could use a stand-in. Tolkien’s thoughts on E.R. Eddison – that he appreciated the invented world, but thought the invented names were silly, and ...
    4 days ago
  • 2024 SkS Weekly Climate Change & Global Warming News Roundup #24
    A listing of 35 news and opinion articles we found interesting and shared on social media during the past week: Sun, June 9, 2024 thru Sat, June 15, 2024. Story of the week A glance at this week's inventory of what experts tell us is extreme weather mayhem juiced by ...
    4 days ago
  • Sunday Morning Chat
    After a busy week it’s a good day to relax. Clear blues skies here in Tamaki Makaurau, very peaceful but for my dogs sleeping heavily. In the absence of a full newsletter I thought I’d send out a brief update and share a couple of posts that popped up in ...
    Nick’s KōreroBy Nick Rockel
    4 days ago
  • The Book of Henry
    Now in the land of Angus beef and the mighty ABsWhere the steaks were juicy and the rivers did run foulIt would often be said,This meal is terrible,andNo, for real this is legit the worst thing I've ever eatenBut this was an thing said only to others at the table,not ...
    More Than A FeildingBy David Slack
    4 days ago
  • Fact Brief – Is ocean acidification from human activities enough to impact marine ecosystems?
    Skeptical Science is partnering with Gigafact to produce fact briefs — bite-sized fact checks of trending claims. This fact brief was written by Sue Bin Park in collaboration with members from the Skeptical Science team. You can submit claims you think need checking via the tipline. Is ocean acidification from human ...
    5 days ago
  • Happiness is a Warm Gun
    She's not a girl who misses muchDo do do do do do, oh yeahShe's well-acquainted with the touch of the velvet handLike a lizard on a window paneI wouldn’t associate ACT with warmth, other than a certain fabled, notoriously hot, destination where surely they’re heading and many would like them ...
    Nick’s KōreroBy Nick Rockel
    5 days ago
  • Still doing a good 20
    Hello! Here comes the Saturday edition of More Than A Feilding, catching you up on the past somewhat interrupted week. Still on the move!Share Read more ...
    More Than A FeildingBy David Slack
    5 days ago
  • Coalition of the Unwilling?
    What does Budget 2024 tell us about the current government? Muddle on?Coalition governments are not new. About 50 percent of the time since the first MMP election, there has been a minority government, usually with allied parties holding ministerial portfolios outside cabinets. For 10 percent of the time there was ...
    PunditBy Brian Easton
    6 days ago
  • Of red flags and warning signs in comments on social media
    Somewhat surprisingly for what is regarded as a network of professionals, climate science misinformation is getting shared on LinkedIn, joining other channels where this is happening. Several of our recent posts published on LinkedIn have attracted the ire of various commenters who apparently are in denial about human-caused climate change. Based ...
    6 days ago
  • All good, still
    1. On what subject is Paul Henry even remotely worth giving the time of day?a. The state of our nationb. The state of the ACT partyc. How to freak out potential buyers of your gin palace by baking the remains of your deceased parent into its fittings2. Now that New ...
    More Than A FeildingBy David Slack
    6 days ago
  • The looting is the point
    Last time National was in power, they looted the state, privatising public assets and signing hugely wasteful public-private partnership (PPP) contracts which saw foreign consortiums provide substandard infrastructure while gouging us for profits. You only have to look at the ongoing fiasco of Transmission Gully to see how it was ...
    No Right TurnBy Idiot/Savant
    6 days ago
  • The Illusion of Power: How Local Government Bureaucrats Overawe Democratically-Elected Councillors..
    The Democratic Façade Of Local Government: Our district and city councillors are democratically elected to govern their communities on one very strict condition – that they never, ever, under any circumstances, attempt to do so.A DISINTEGRATION OF LOYALTIES on the Wellington City Council has left Mayor Tory Whanau without a ...
    6 days ago
  • Lowlights & Bright Spots
    I can feel the lowlights coming over meI can feel the lowlights, from the state I’m inI can see the light now even thought it’s dimA little glow on the horizonAnother week of lowlights from our government, with the odd bright spot and a glow on the horizon. The light ...
    Nick’s KōreroBy Nick Rockel
    6 days ago
  • Weekly Roundup 14-June-2024
    Another week, another roundup of things that caught our eye on our favourite topics of transport, housing and how to make cities a little bit greater. This Week in Greater Auckland On Monday, Connor wrote about Kāinga Ora’s role as an urban development agency Tuesday’s guest post by ...
    Greater AucklandBy Greater Auckland
    6 days ago
  • The Hoon around the week to June 14
    Photo: Lynn Grieveson / The KākāTL;DR: The podcast above of the weekly ‘hoon’ webinar for paying subscribers features co-hosts and talking with:The Kākā’s climate correspondent about the National-ACT-NZ First Government’s moves this week to take farming out of the ETS and encourage more mining and oil and ...
    The KakaBy Bernard Hickey
    6 days ago
  • Climate policy axed in broad daylight, while taxpayer liabilities grow in the dark
    In 2019, Shane Jones addressed the “50 Shades of Green” protest at Parliament: Now he is part of a government giving those farmers a pass on becoming part of the ETS, as well as threatening to lock in offshore oil exploration and mining for decades. Photo: Lynn GrievesonTL;DR: Here’s the ...
    The KakaBy Bernard Hickey
    6 days ago
  • Rage Bait!
    Hi,Today’s newsletter is all about how easy it is to get sucked into “rage bait” online, and how easy it is to get played.But first I wanted to share something that elicited the exact opposite of rage in me — something that made me feel incredibly proud, whilst also making ...
    David FarrierBy David Farrier
    6 days ago
  • Bernard's Dawn Chorus and pick 'n' mix for Friday, June 14
    Seymour said lower speed limits “drained the joy from life as people were forced to follow rules they knew made no sense.” File Photo: Lynn Grieveson / The KākāTL;DR: My six things to note in Aotearoa-NZ’s political economy around housing, climate and poverty on Friday, June 14 were:The National/ACT/NZ First ...
    The KakaBy Bernard Hickey
    7 days ago
  • Friendly but frank talks with China Premier
    It sounded like the best word to describe yesterday’s talks between Chinese Premier Li Qiang and his heavyweight delegation of Ministers and officials and Prime Minister Christopher Luxon and New Zealand Ministers and officials was “frank.” But it was the kind of frankness that friends can indulge in. It ...
    PolitikBy Richard Harman
    7 days ago
  • Skeptical Science New Research for Week #24 2024
    Open access notables Wildfire smoke impacts lake ecosystems, Farruggia et al., Global Change Biology: We introduce the concept of the lake smoke-day, or the number of days any given lake is exposed to smoke in any given fire season, and quantify the total lake smoke-day exposure in North America from 2019 ...
    7 days ago
  • Join us for the weekly Hoon on YouTube Live
    Photo by Mathias Elle on UnsplashIt’s that new day of the week (Thursday rather than Friday) when we have our ‘hoon’ webinar with paying subscribers to The Kākā for an hour at 5 pm.Jump on this link on YouTube Livestream for our chat about the week’s news with special guests:5.00 ...
    The KakaBy Bernard Hickey
    1 week ago
  • Geoffrey Miller: China’s message to New Zealand – don’t put it all at risk
    Don’t put it all at risk. That’s likely to be the take-home message for New Zealand Prime Minister Christopher Luxon in his meetings with Li Qiang, the Chinese Premier. Li’s visit to Wellington this week is the highest-ranking visit by a Chinese official since 2017. The trip down under – ...
    Democracy ProjectBy Geoffrey Miller
    1 week ago
  • The Real Thing
    I know the feelingIt is the real thingThe essence of the soulThe perfect momentThat golden momentI know you feel it tooI know the feelingIt is the real thingYou can't refuse the embraceNo?Sometimes we face the things we most dislike. A phobia or fear that must be confronted so it doesn’t ...
    Nick’s KōreroBy Nick Rockel
    1 week ago
  • Gordon Campbell on how moderates empower the political right
    Struth, what a week. Having made sure the rural sector won’t have to pay any time soon for its pollution, PM Christopher Luxon yesterday chose Fieldays 2024 to launch a parliamentary inquiry into rural banking services, to see how the banks have been treating farmers faced with high interest rates. ...
    1 week ago
  • Bernard's Dawn Chorus and pick 'n' mix for Thursday, June 13
    In April, 17,656 people left Aotearoa-NZ to live overseas, averaging 588 a day, with just over half of those likely to have gone to Australia. Photo: Photo: Lynn Grieveson / The KākāTL;DR: My six things to note in Aotearoa-NZ’s political economy around housing, climate and poverty on Thursday, June 13 ...
    The KakaBy Bernard Hickey
    1 week ago
  • Our guide to having your say on the draft RLTP 2024
    Auckland’s draft Regional Land Transport Plan (RLTP) 2024 is open for feedback – and you only have until Monday 17 June to submit. Do it! Join the thousands of Aucklanders who are speaking up for wise strategic investment that will dig us out of traffic and give us easy and ...
    Greater AucklandBy Connor Sharp
    1 week ago
  • The China puzzle
    Chinese Premier Li Qiang arrives in Wellington today for a three-day visit to the country. The visit will take place amid uncertainty about the future of the New Zealand-China relationship. Li hosted a formal welcome and then lunch for then-Prime Minister Chris Hipkins in Beijing a year ago. The pair ...
    PolitikBy Richard Harman
    1 week ago
  • Fossil fuels are shredding our democracy
    This is a re-post of an article from the Climate Brink by Andrew Dessler published on June 3, 2024. I have an oped in the New York Times (gift link) about this. For a long time, a common refrain about the energy transition was that renewable energy needed to become ...
    1 week ago
  • Life at 20 kilometres an hour
    We are still in France, getting from A to B.Possibly for only another week, though; Switzerland and Germany are looming now. On we pedal, towards Budapest, at about 20 km per hour.What are are mostly doing is inhaling a country, loving its ways and its food. Rolling, talking, quietly thinking. ...
    More Than A FeildingBy David Slack
    1 week ago
  • Hipkins is still useless
    The big problem with the last Labour government was that they were chickenshits who did nothing with the absolute majority we had given them. They governed as if they were scared of their own shadows, afraid of making decisions lest it upset someone - usually someone who would never have ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Exercising with the IDF.
    This morning I did something I seldom do, I looked at the Twitter newsfeed. Normally I take the approach of something that I’m not sure is an American urban legend, or genuinely something kids do over there. The infamous bag of dog poo on the front porch, set it on ...
    Nick’s KōreroBy Nick Rockel
    1 week ago
  • Helm Hammerhand Anime: First Pictures and an Old English ‘Hera’
    We have some news on the upcoming War of the Rohirrim anime. It will apparently be two and a half hours in length, with Peter Jackson as Executive Producer, and Helm’s daughter Hera will be the main character. Also, pictures: The bloke in the middle picture is Freca’s ...
    1 week ago
  • Farmers get free pass on climate AND get subsidies
    The cows will keep burping and farting and climate change will keep accelerating - but farmers can stop worrying about being included in the ETS. Photo: Lynn Grieveson / The KākāTL;DR: My six things to note in Aotearoa-NZ’s political economy around housing, climate and poverty on Wednesday, June 12 were:The ...
    The KakaBy Bernard Hickey
    1 week ago
  • Six ideas to secure Te Huia’s Future
    This is a guest post by our friend Darren Davis. It originally appeared on his excellent blog, Adventures in Transitland, which features “musings about public transport and other cool stuff in Aotearoa/ New Zealand and around the globe.” With Te Huia now having funding secure through to 2026, now is ...
    Greater AucklandBy Darren Davis
    1 week ago
  • The methane waka sinks
    In some ways, there may be less than meets the eye to the Government announcement yesterday that the He Waka Eke Noa proposal for farmers to pay for greenhouse gas emissions has been scrapped. The spectre of farmers still having to pay at some point in the future remains. That, ...
    PolitikBy Richard Harman
    1 week ago
  • At a glance – Does positive feedback necessarily mean runaway warming?
    On February 14, 2023 we announced our Rebuttal Update Project. This included an ask for feedback about the added "At a glance" section in the updated basic rebuttal versions. This weekly blog post series highlights this new section of one of the updated basic rebuttal versions and serves as a ...
    1 week ago
  • Climate Change: Farmers get what they wanted – for now
    Since entering office, National has unravelled practically every climate policy, leaving us with no effective way of reducing emissions or meeting our emissions budgets beyond magical thinking around the ETS. And today they've announced another step: removing agriculture entirely. At present, following the complete failure of he waka eka noa, ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Presumed Innocent?
    The blue billionaireDistraction no interactionOr movement outside these glazed over eyesThe new great divideFew fight the tide to be glorifiedBut will he be satisfied?Can we accept this without zoom?The elephant in the roomNot much happens in politics on a Monday. Bugger all in fact. Although yesterday Christopher Luxon found he ...
    Nick’s KōreroBy Nick Rockel
    1 week ago
  • Gordon Campbell on our doomed love affair with oil and gas
    What if New Zealand threw a fossil fuel party, and nobody came? On the weekend, Resources Minister Shane Jones sent out the invitations and strung up the balloons, but will anyone really want to invest big time in resuming oil and gas exploration in our corner of the planet? Yes, ...
    WerewolfBy lyndon
    1 week ago
  • Building better housing insights
    This is a guest post by Meredith Dale, senior urban designer and strategist at The Urban Advisory. There’s a saying that goes something like: ‘what you measure is what you value’. An RNZ article last week claimed that Auckland was ‘hurting’ because of a more affordable supply of homes, particularly townhouses ...
    Greater AucklandBy Guest Post
    1 week ago
  • Putin would be proud of them
    A Prime Minister directs his public service to inquire into the actions of the opposition political party which is his harshest critic. Something from Orban's Hungary, or Putin's Russia? No, its happening right here in Aotearoa: Prime Minister Christopher Luxon has announced the Public Service Commission will launch an ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Resources for debunking common solar and wind myths
    This is a repost from a Yale Climate Connections article by SueEllen Campbell published on June 3, 2024. The articles listed can help you tell fact from fiction when it comes to solar and wind energy. Some statements you hear about solar and wind energy are just plain false. ...
    1 week ago
  • Juggernaut
    Politics were going on all around us yesterday, and we barely noticed, rolling along canal paths, eating baguettes. It wasn’t until my mate got to the headlines last night that we learned there had been a dismayingly strong far right result in the EU elections and Macron had called a ...
    More Than A FeildingBy David Slack
    1 week ago
  • Numbers Game.
    Respect Existence, Or Expect Resistance? There may well have been 50,000 pairs of feet “Marching For Nature” down Auckland’s Queen Street on Saturday afternoon, but the figure that impresses the Coalition Government is the 1,450,000 pairs of Auckland feet that were somewhere else.IN THE ERA OF DRONES and Artificial Intelligence, ...
    1 week ago
  • Media Link: AVFA on post-colonial blowback.
    Selwyn Manning and I discuss varieties of post colonial blowback and the implications its has for the rise of the Global South. Counties discussed include Palestine/Israel, France/New Caledonia, England/India, apartheid/post-apartheid South Africa and post-colonial New Zealand. It is a bit … Continue reading ...
    KiwipoliticoBy Pablo
    1 week ago
  • Policy by panic
    Back in March, Ombudsman Peter Boshier resigned when he hit the statutory retirement age of 72, leaving the country in the awkward (and legally questionable) position of having him continue as a temporay appointee. It apparently took the entire political system by surprise - as evinced by Labour's dick move ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • PSA: NZ's Richest Company, Zuru, Sucks
    Hi,Today the New Zealand press is breathlessly reporting that the owners of toy company Zuru are officially New Zealand’s wealthiest people: Mat and Nick Mowbray worth an estimated $20 billion between them.While the New Zealand press loses its shit celebrating this Kiwi success story, this is a Webworm reminder that ...
    David FarrierBy David Farrier
    1 week ago

  • School attendance increases
    School attendance data released today shows an increase in the number of students regularly attending school to 61.7 per cent in term one. This compares to 59.5 per cent in term one last year and 53.6 per cent in term four. “It is encouraging to see more children getting to ...
    BeehiveBy beehive.govt.nz
    5 hours ago
  • Record investment in public transport services
    The Government has announced a record 41 per cent increase in indicative funding for public transport services and operations, and confirmed the rollout of the National Ticketing Solution (NTS) that will enable contactless debit and credit card payments starting this year in Auckland, Transport Minister Simeon Brown says.“This Government is ...
    BeehiveBy beehive.govt.nz
    6 hours ago
  • GDP data shows need to strengthen and grow the economy
    GDP figures for the March quarter reinforce the importance of restoring fiscal discipline to public spending and driving more economic growth, Finance Minister Nicola Willis says.  Data released today by Stats NZ shows GDP has risen 0.2 per cent for the quarter to March.   “While today’s data is technically in ...
    BeehiveBy beehive.govt.nz
    7 hours ago
  • Women continue to make up over 50 per cent on public sector boards
    Women’s representation on public sector boards and committees has reached 50 per cent or above for the fourth consecutive year, with women holding 53.9 per cent of public sector board roles, Acting Minister for Women Louise Upston says. “This is a fantastic achievement, but the work is not done. To ...
    BeehiveBy beehive.govt.nz
    9 hours ago
  • Government supporting Māori business success
    The Coalition Government is supporting Māori to boost development and the Māori economy through investment in projects that benefit the regions, Regional Development Minister Shane Jones and Māori Development Minister Tama Potaka say. “As the Regional Development Minister, I am focused on supporting Māori to succeed. The Provincial Growth Fund ...
    BeehiveBy beehive.govt.nz
    10 hours ago
  • Better solutions for earthquake-prone buildings
    Building and Construction Minister Chris Penk has announced that the review into better managing the risks of earthquake-prone buildings has commenced. “The terms of reference published today demonstrate the Government’s commitment to ensuring we get the balance right between public safety and costs to building owners,” Mr Penk says.  “The Government ...
    BeehiveBy beehive.govt.nz
    11 hours ago
  • Prime Minister wraps up visit to Japan
    Prime Minister Christopher Luxon has just finished a successful three-day visit to Japan, where he strengthened political relationships and boosted business links. Mr Luxon’s visit culminated in a bilateral meeting with Japanese Prime Minister Kishida Fumio followed by a state dinner. “It was important for me to meet Prime Minister Kishida in person ...
    BeehiveBy beehive.govt.nz
    19 hours ago
  • Major business deals signed on PM’s Japan trip
    Significant business deals have been closed during the visit of Prime Minister Christopher Luxon to Japan this week, including in the areas of space, renewable energy and investment.  “Commercial deals like this demonstrate that we don’t just export high-quality agricultural products to Japan, but also our world-class technology, expertise, and ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Strategic Security speech, Tokyo
    Minasan, konnichiwa, kia ora and good afternoon everyone. Thank you for the invitation to speak to you today and thank you to our friends at the Institute for International Socio-Economic Studies and NEC for making this event possible today.  It gives me great pleasure to be here today, speaking with ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • National Infrastructure Pipeline worth over $120 billion
    The National Infrastructure Pipeline, which provides a national view of current or planned infrastructure projects, from roads, to water infrastructure, to schools, and more, has climbed above $120 billion, Infrastructure Minister Chris Bishop says. “Our Government is investing a record amount in modern infrastructure that Kiwis can rely on as ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Making it easier to build infrastructure
    The Government is modernising the Public Works Act to make it easier to build infrastructure, Minister for Land Information Chris Penk announced today. An independent panel will undertake an eight-week review of the Act and advise on common sense changes to enable large scale public works to be built faster and ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • NZ enhances North Korea sanctions monitoring
    New Zealand will enhance its defence contributions to monitoring violations of sanctions against North Korea, Prime Minister Christopher Luxon announced today.  The enhancement will see the New Zealand Defence Force (NZDF) increase its contributions to North Korea sanctions monitoring, operating out of Japan. “This increase reflects the importance New Zealand ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Speech to Safeguard National Health and Safety Conference
    Good afternoon everyone. It’s great to be with you all today before we wrap up Day One of the annual Safeguard National Health and Safety Conference. Thank you to the organisers and sponsors of this conference, for the chance to talk to you about the upcoming health and safety consultation. ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Ōtaki to north of Levin alliance agreements signed
    Transport Minister Simeon Brown has welcomed an important milestone for the Ōtaki to north of Levin Road of National Significance (RoNS), following the NZ Transport Agency (NZTA) signing interim alliance agreements with two design and construction teams who will develop and ultimately build the new expressway.“The Government’s priority for transport ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Improvements to stopping Digital Child Exploitation
    The Department of Internal Affairs [Department] is making a significant upgrade to their Digital Child Exploitation Filtering System, which blocks access to websites known to host child sexual abuse material, says Minister of Internal Affairs Brooke van Velden.  “The Department will incorporate the up-to-date lists of websites hosting child sexual ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • New vaccine research aims to combat prevalent bovine disease
    A vaccine to prevent an infectious disease that costs New Zealand cattle farmers more than $190 million each year could radically improve the health of our cows and boost on-farm productivity, Associate Agriculture Minister Andrew Hoggard says. The Ministry for Primary Industries is backing a project that aims to develop ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Making it easier to build granny flats
    The Government has today announced that it is making it easier for people to build granny flats, Acting Prime Minister Winston Peters and RMA Reform Minister Chris Bishop say. “Making it easier to build granny flats will make it more affordable for families to live the way that suits them ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • High Court Judge appointed
    Attorney-General Judith Collins today announced the appointment of Auckland King’s Counsel Gregory Peter Blanchard as a High Court Judge. Justice Blanchard attended the University of Auckland from 1991 to 1995, graduating with an LLB (Honours) and Bachelor of Arts (English). He was a solicitor with the firm that is now Dentons ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Health workforce numbers rise
    Health Minister Dr Shane Reti says new data released today shows encouraging growth in the health workforce, with a continued increase in the numbers of doctors, nurses and midwives joining Health New Zealand. “Frontline healthcare workers are the beating heart of the healthcare system. Increasing and retaining our health workforce ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government to overhaul firearms laws
    Associate Justice Minister Nicole McKee has today announced a comprehensive programme to reform New Zealand's outdated and complicated firearms laws. “The Arms Act has been in place for over 40 years. It has been amended several times – in a piecemeal, and sometimes rushed way. This has resulted in outdated ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government delivers landmark specialist schools investment
    The coalition Government is delivering record levels of targeted investment in specialist schools so children with additional needs can thrive. As part of Budget 24, $89 million has been ringfenced to redevelop specialist facilities and increase satellite classrooms for students with high needs. This includes: $63 million in depreciation funding ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Major health and safety consultation begins
    A substantial consultation on work health and safety will begin today with a roadshow across the regions over the coming months, says Workplace Relations and Safety Minister Brooke van Velden.  This the first step to deliver on the commitment to reforming health and safety law and regulations, set out in ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Growing the potential of New Zealand’s forestry sector in partnership
    Forestry Minister Todd McClay, today announced the start of the Government’s plan to restore certainty and confidence in the forestry and wood processing sector. “This government will drive investment to unlock the industry’s economic potential for growth,” Mr McClay says. “Forestry’s success is critical to rebuilding New Zealand’s economy, boosting ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government cancels forestry ETS annual service charges for 2023-24
    Annual service charges in the forestry Emissions Trading Scheme (ETS) will be cancelled for 2023/24, Forestry Minister Todd McClay says. “The sector has told me the costs imposed on forestry owners by the previous government were excessive and unreasonable and I agree,” Mr McClay says. “They have said that there ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Speech to the LGNZ Infrastructure Symposium
    Introduction Thank you for having me here today and welcome to Wellington, the home of the Hurricanes, the next Super Rugby champions. Infrastructure – the challenge This government has inherited a series of big challenges in infrastructure. I don’t need to tell an audience as smart as this one that ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government boosts Agriculture and food trade with China
    Trade and Agriculture Minister Todd McClay and Food Safety Minister Andrew Hoggard welcomed outcomes to boost agricultural and food trade between New Zealand and China. A number of documents were signed today at Government House that will improve the business environment between New Zealand and China, and help reduce barriers, including on infant formula ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • NZ and China launch Services Trade Negotiations
    Trade Minister Todd McClay, and China’s Commerce Minister Wang Wentao, today announced the official launch of Negotiations on Services Trade between the two countries.  “The Government is focused on opening doors for services exporters to grow the New Zealand’s economy,” Mr McClay says.  As part of the 2022 New Zealand-China Free Trade Agreement Upgrade ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Prime Minister Luxon meets with Premier Li
    Prime Minister Christopher Luxon met with Chinese Premier Li Qiang at Government House in Wellington today.  “I was pleased to welcome Premier Li to Wellington for his first official visit, which marks 10 years since New Zealand and China established a Comprehensive Strategic Partnership,” Mr Luxon says. “The Premier and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government and business tackling gender pay gap
    The coalition Government is taking action to reduce the gender pay gap in New Zealand through the development of a voluntary calculation tool. “Gender pay gaps have impacted women for decades, which is why we need to continue to drive change in New Zealand,” Acting Minister for Women Louise Upston ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Funding Boost for Rural Support Trusts
    The coalition Government is boosting funding for Rural Support Trusts to provide more help to farmers and growers under pressure, Rural Communities Minister Mark Patterson announced today. “A strong and thriving agricultural sector is crucial to the New Zealand economy and one of the ways to support it is to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Latest data shows size of public service decreasing
    Spending on contractors and consultants continues to fall and the size of the Public Service workforce has started to decrease after years of growth, according to the latest data released today by the Public Service Commission. Workforce data for the quarter from 31 December 23 to 31 March 24 shows ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech to the Law Association
    Thank you to the Law Association for inviting me to speak this morning. As a former president under its previous name — the Auckland District Law Society — I take particular satisfaction in seeing this organisation, and its members, in such good heart. As Attorney-General, I am grateful for these ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • 25 years on, NZ reaffirms enduring friendship with Timor Leste
    New Zealand is committed to working closely with Timor-Leste to support its prosperity and resilience, Foreign Minister Winston Peters says.   “This year is the 25th anniversary of New Zealand sending peacekeepers to Timor-Leste, who contributed to the country’s stabilisation and ultimately its independence,” Mr Peters says.    “A quarter ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Inquiry requested into rural banking
    Promoting robust competition in the banking sector is vital to rebuilding the economy, Finance Minister Nicola Willis says.  “New Zealanders deserve a banking sector that is as competitive as possible. Banking services play an important role in our communities and in the economy. Kiwis rely on access to lending when ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Ministry for Regulation targets red tape to keep farmers and growers competitive
    Regulation Minister David Seymour, Environment Minister Penny Simmonds, and Food Safety Minister Andrew Hoggard have today announced a regulatory sector review on the approval process for new agricultural and horticultural products.    “Red tape stops farmers and growers from getting access to products that have been approved by other OECD countries. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government to reverse blanket speed limit reductions
    The Coalition Government will reverse Labour’s blanket speed limit reductions by 1 July 2025 through a new Land Transport Rule released for public consultation today, Transport Minister Simeon Brown says.  The draft speed limit rule will deliver on the National-ACT coalition commitment to reverse the previous government’s blanket speed limit ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Chair appointments for NZSO, CNZ and NZ On Air
    Minister Paul Goldsmith is making major leadership changes within both his Arts and Media portfolios. “I am delighted to announce Carmel Walsh will be officially stepping into the role of Chair of the New Zealand Symphony Orchestra, having been acting Chair since April,” Arts Minister Paul Goldsmith says.  “Carmel is ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government focus on long-term food, fibre growth
    Food and fibre export revenue is tipped to reach $54.6 billion this year and hit a record $66.6b in 2028 as the Government focuses on getting better access to markets and cutting red tape, Agriculture Minister Todd McClay and Oceans and Fisheries Minister Shane Jones say. “This achievement is testament ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Govt consulting on cutting red tape for exporters
    A new export exemption proposal for food businesses demonstrates the coalition Government’s commitment to reducing regulatory barriers for industry and increasing the value of New Zealand exports, which gets safe New Zealand food to more markets, says Food Safety Minister Andrew Hoggard.  “The coalition Government has listened to the concerns ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand and Philippines elevating relationship
    New Zealand and Philippines are continuing to elevate our relationship, Foreign Minister Winston Peters says.   “The leaders of New Zealand and Philippines agreed in April 2024 to lift our relationship to a Comprehensive Partnership by 2026,” Mr Peters says. “Our visit to Manila this week has been an excellent ...
    BeehiveBy beehive.govt.nz
    1 week ago

Page generated in The Standard by Wordpress at 2024-06-20T06:22:37+00:00