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From failure to farce

Written By: - Date published: 7:44 am, October 11th, 2013 - 95 comments
Categories: privatisation - Tags:

“John Key’s asset sales have descended from failure to farce” – that’s how Metiria Turei described the announcement that Mighty River Power will be buying back shares just five months after they were privatised. Clayton Cosgrove put it more bluntly: “It’s a good thing the government doesn’t own a brewery cos they couldn’t organise a pi .. a DRINK in one”.

What a cock-up the whole process has been. The sales costs have blown out to $124m and are set to at least double. Less than half the ‘mum and dads’ they expected showed up. They got less money than they expected for Mighty River (and now, wise after the fact, the analysts all claim it was over-priced).

Now, these shares that were supposedly all about helping Kiwis get diversified savings are being bought back by the company in a transparent attempt by the MRP board to try to revive its ailing share price, which is about to come under even more pressure with the fire-sale of Meridian.

If they get out now, the average ‘mum and dad’ will have lost a grand. And I reckon plenty of them will get out while the getting is good.

I’m really looking for to the referendum. Key’s said he’ll put the ‘no’ vote against the number of people who voted National in 2011 (most of whom, incidentally, opposed asset sales). It’s going to be great when New Zealanders get ot give him an arse-kicking over these stupid asset sales.

95 comments on “From failure to farce”

  1. Tracey 1

    Given the poor turnout in local body elections you shouldnt get too excited about referendum turnout. The govt is doing a gd job dissuading people by telling them they are wasting their time.

    • ghostwhowalksnz 1.1

      They would say that-” Democracy is a waste of time”- which they keep proving in many ways

      Of course their crony capitalist mates want it that way as well.

  2. framu 2

    typo? – should it read “I’m really looking forward to the referendum”?

  3. Lanthanide 3

    “I’m really looking for to the referendum. Key’s said he’ll put the ‘no’ vote against the number of people who voted National in 2011 (most of whom, incidentally, opposed asset sales). It’s going to be great when New Zealanders get ot give him an arse-kicking over these stupid asset sales.”

    Does that mean if more people vote no than voted for National, they’ll cancel the further sales? If he actually committed to that, he could be in for a surprise…

  4. deWithiel 4

    With the MSM ramming home the message that the only important things in life are yachting races, the All Blacks and Lorde, it’s hardly surprising that the local body elections have been a total disaster. Not helped, of course, by a very real recognition that local bodies are political panaceas: voters do realise that if any local body is brave enough to make a decision that runs contrary to the current government’s received ‘wisdom’, it’s almost guaranteed to be overturned either by Steve, Nick and Gerry or all three of them. However, given the emotive quality of the matter, it is possible that the electorate could be motivated to actually vote on the referendum and you would hope that the opposition parties have developed a strategy to deal properly with the issue, one that takes account of voter apathy and the hostility of our ‘masters” voices.

    • Mike S 4.1

      “With the MSM ramming home the message that the only important things in life are yachting races, the All Blacks and Lorde”

      Yes but they would also have us believe that the only important thing in the entire universe is berms.

      (Come to think of it, isn’t ‘berm’ a sort of strange little word. Apparently it comes from a military barricade or mound of earth)

  5. King Kong 5

    I agree with Cosgrove, the less the Government owns the better. It doesn’t matter whether it is breweries or power stations.

    I thought he was meant to be against asset sales.

    As for token Turei, it is impossible to take anything she says seriously, but it may warrant some consideration as there is probably no one in Parliament with more experience of failure and farce.

    • vto 5.1

      Nick Smith has great failure and farce

      Hekia Parata has certainly failed so many times it is farcical

      John Key fails to tell the truth compulsively and is an absolute farce

      Rich people like John Key like to own such assets and the fact that he wants to do the reverse for the people of New Zealand is more failure and farce

    • felix 5.2

      lolz Kong, that’s the funny thing about National and right-wing parties around the world.

      In opposition they whinge about how the state isn’t capable of running anything properly and then when they get into govt, they prove it.

      • Draco T Bastard 5.2.1

        😆 😈

      • McFlock 5.2.2

        Hmmm.

        I had just thought that tories believed everyone to be grasping, insecure, small-minded, avaricious, amoral, sociopathic, bitter, shallow, exploitative, unregenerate, paranoid, intensely stupid, and evil little scrotes because they themselves were.

        I’d never made the logical extension to that being an explanation for their obsessive belief in government incompetence, too.

      • Self-fulfilling prophecies are the easiest type to fool the voters with. 😉

    • fender 5.3

      You should really do some independent thinking around government ownership and the role governments play in getting industry and services up and running. It’s a shame up repeat your tea party lines without any consideration for reality. There was an interesting piece on RNZ last night about how the I-phone for instance is a device that relies on technology that was created by the US government.

      If the NZ government hadn’t created these power generators we would still be using candles and cooking over open fires, now that might not bother an ape who eats raw meat but it’s quite important to humans.

      Please use your limited intelligence to write better comments KK, because at the moment I’m seeing Rodney Hide in every one of your foolish comments.

      • Draco T Bastard 5.3.1

        There was an interesting piece on RNZ last night about how the I-phone for instance is a device that relies on technology that was created by the US government.

        It’s all part of the re-write of history that the RWNJs are doing:

        The personal computer emerged during this time with Apple introducing the first one in 1976. Following this, the computer industry’s boom in Silicon Valley and the key role of DARPA in the massive growth of personal computing received significant attention, but has since been forgotten by those who claim Silicon Valley is an example of ‘free market’ capitalism. In a recent documentary, Something Ventured, Something Gained, for example, the role of the State is not mentioned once in the 85 minutes spent describing the development of Silicon Valley (Geller and Goldfine 2012).

        Mazzucato, Mariana (2013-05-15). The Entrepreneurial State: Debunking Public vs. Private Myths in Risk and Innovation (Kindle Locations 1764-1768). Anthem Press. Kindle Edition.

        Private innovation has done very little to progress technology. The real risky, blue sky development has been done by governments which the private sector has then used.

        • Naturesong 5.3.1.1

          Not always.

          WWW, linux and the open source movement are good examples where socialist collectives have done the heavy lifting.
          Though even there, with the high incidence of academics, governments have been picking up some of the bill.

          • Draco T Bastard 5.3.1.1.1

            You do understand that the internet (WWW) was a development of DARPA back in the 1960s don’t you?

            What the research is showing is that the government does the research that may not actually produce stuff and, once they have a working idea, it’s passed over to the private sector to continue with. Apple and other tech firms wouldn’t exist without the US government having done the basic research into semi-conductors and operating systems. This applies to a hell of a lot of research.

            Yes, the private sector does some basic research but it’s very little to what the governments have done.

            • Naturesong 5.3.1.1.1.1

              No.

              You’re confusing the internet (ARPAnet), which was developed by ARPA (later to become DARPA) with the World Wide Web, which was developed by Tim Berners Lee with others at CERN (http://info.cern.ch), and given free to the world.

              I agree with your second paragraph, but your third appears to be a criticism of something unrelated to anything I said.

              • McFlock

                either way, private enterprise is the R&D equivalent of the cuckoo, using other people’s work to raise the next generation of thieves.

                • Naturesong

                  Correct.

                  I’m of the view that goverment funding of research either directly, through institutions like university, or even providing infrastructure to enable open source projects to develop is a very good thing indeed.

                  At which point it can be made available to the public.

                  Take as a for instance, the Americas Cup.
                  I’d be very happy to see government funding into research for more efficient harnessing of wind. And making the results of that research available to folks who like to race boats.
                  But funding the actual team? Not so much.

                  That same research might also be useful to people wanting to make better wind powered generators, or wind assisted freight ships etc …

              • Draco T Bastard

                ou’re confusing the internet (ARPAnet), which was developed by ARPA (later to become DARPA) with the World Wide Web,

                No I’m not. Without the first you wouldn’t have got the second.

                • McFlock

                  Ug invented the wheel.
                  Without the wheel we would not have the motorcar.
                  Therefore, Ug invented the motor car.

                  Printers invented markup language
                  Without markup language we wouldn’t have the WWW
                  Therefore, printers invented the WWW

                  Nah. doesn’t follow.

                • Naturesong

                  Yes and no.

                  ARPAnet was not the only game in town. Work had been done on the NPL Data Communications Network, though funding was an issue.
                  It was solving the packet switching problem that changed the game.

                  The OSI framework was also taking shape before ARPAnet
                  And given that the web is not on layers 1 – 4 it is entirely feasible that the WWW could have come into existance on a network using different protocols.

                  But, ARPAnet solved the packet switching issue, universities were connected, ethernet was developed (Xerox iirc), and the rest is history.

                  • Draco T Bastard

                    %3Cblockquote%3EARPAnet%20was%20not%20the%20only%20game%20in%20town.%20Work%20had%20been%20done%20on%20the%20NPL%20Data%20Communications%20Network%2C%20though%20funding%20was%20an%20issue.%3C%2Fblockquote%3E%0AYep%2C%20the%20government%20provided%20funding%20-%20something%20that%20private%20enterprise%20failed%20to%20do.%20Which%20is%20what%20I’ve%20been%20saying%20all%20along.%20The%20government%20provides%20two%20major%20things%20that%20the%20private%20sector%20simply%20won’t%2C%20and%20probably%20can’t%2C%20do%3A%201.)%20Long%20term%20funding%20and%202.)%20stability.%0A%0A%3Cblockquote%3E%E2%80%A6ethernet%20was%20developed%20(Xerox%20iirc)%2C%20and%20the%20rest%20is%20history.%3C%2Fblockquote%3E%0AEthernet%20couldn’t%20have%20been%20developed%20without%20the%20US%20governments%20support%20of%20the%20semi-conductor%20industry%20(research%20and%20development)%20from%20the%20late%2050s.

                    [translated]

                    ARPAnet was not the only game in town. Work had been done on the NPL Data Communications Network, though funding was an issue.

                    Yep, the government provided funding – something that private enterprise failed to do. Which is what Ive been saying all along. The government provides two major things that the private sector simply wont, and probably cant, do: 1.) Long term funding and 2.) stability.

                    …ethernet was developed (Xerox iirc), and the rest is history.

                    Ethernet couldnt have been developed without the US governments support of the semi-conductor industry (research and development) from the late 50s

              • Murray Olsen

                CERN is publicly funded. In fact, it is funded at a supranational level.
                The development of commercial air travel was publicly funded, to a large extent through the US Post Office. It is extremely difficult to find any research that became applied and useful thanks to nothing but the efforts of a Randian superhero. Even the obscene economic theories which allow them to make these claims were generally developed in public institutions. The main things they come up with in the private sector are new justiifications to get public money shovelled into their offshore accounts.

    • Shane Gallagher 5.4

      Explain how the economies of China, Singapore and South Korea are doing so well when the state owns and directs so much of those economies. Go on. Have a go.

      One is Communist, one is an oligarchy and one is a democracy.

      Oh and if you have to call someone names then you have lost the argument already. 🙂

      • Puckish Rogue 5.4.1

        If Labour announced that they were going to do everything the respective governments of China, Singapore and South Korea do then I would vote labour or are you just cherry picking the bits you like?

        • framu 5.4.1.1

          how is that in any way relevant to SGs comment?

          why cant you make even a single decent argument?

        • McFlock 5.4.1.2

          We should so everything that China, Singapore and South Korea do? Including the contradictory bits, sauch as a one-child policy and setting up dating advice and opportunities for civil servants in order to combat falling fertility. And that’s just the first one that springs to mind.

          Basically, you ever voting labour involves Labour having a brain-fry that results in massive failures in logic and common sense. This, I can agree with.

  6. Sosoo 6

    I enrolled to vote yesterday for the sole purpose of voting against the nats in this referendum.

    • Chris 6.1

      Sosoo, why stop at the referendum… best way to stop asset sales is to vote National out at the 2014 elections

    • Tiger Mountain 6.2

      They don’t like it up ’em! The Asset Sales referendum is a chance for timid torys to say what they really think about the issue without an election attached. As well as the rest of us to send ShonKey a message.

      Power generation and supply should be returned to public ownership, simple as. Eddie’s post touches on the absurdity of Nationals “the patient died but the operation was a great success” approach to the whole debacle.

      Buying shares back so soon?

  7. tricldrown 7

    Kluless klutz so if a govt was able to run on returns from investments meaning that we would pay less tax or no tax at all you no doubt would be in favour of that.
    No you being a primitive primate want society to gone back to the laws of the jungle where only the strongest survive.
    Research has shown that civilization has progressed by cooperation of the human species for the benefit of all.
    Selfishness is a regression to primative behaviour .
    You have chosen your name and it fits your lack of sophistication and nanderthal behaviour well!
    So well!

    • Mike S 7.1

      “Research has shown that civilization has progressed by cooperation of the human species for the benefit of all.”

      +1 and further, research has also shown that competition is a hindrance to progress and to successful outcomes.

      “Selfishness is a regression to primative behaviour”

      Sort of disagree on that one. Selfishness is a learned behaviour.

  8. bad12 8

    What i think has happened with Mighty River Power is that the big boys, the Goldman Saches et al, that Cartel of major banking institutions who are the hidden whip crackers behind this current Government have become impatient with what they expected would be a steady flow of shares from Ma and Pa into the coffers of the Banking Cartel,

    It appears that Ma and Pa, loath to take a financial hit on bailing out of Mighty River have not done the expected and sold off Mighty river en masse so the circling sharks can snap them up,

    Hence the rather insipid attempt to inject a little ‘electricity’ into the share price with the ‘faux buy back’, many commentators believing that the shares bought back will be cancelled thus increasing the dividend yield of the remaining shares,

    The slight bump in share price this false buy back, false in the sense that these shares WILL NOT be cancelled, is supposed to give Ma and Pa yet another chance to unload in a better to take the ‘better loss’ now in case the share price drops again,(inevitably),

    Either way, the Banking Cartels are happy, Mighty River is now sitting on 2% of ‘live’ shares which quietly at some point in the future,(when no-one is looking to closely), Mighty River will swap with the Banking Cartels the shares it holds for a pile of ‘cash’,(cash which because of the US ongoing quantitative easing the Banking Cartels are awash with),

    Whichever way Ma and Pa look at their Mighty River share parcels into the future, they must now realize that this National Government have sold them, with deliberation, a Lemon, the current sleight of hand surrounding Might River shares was always going to occur one way or another…

    • SpaceMonkey 8.1

      Agreed though Goldman Sachs, et al may have made a small sum off the share price slide after shorting the MRP shares as they were listed. Well known tactic… tried and tested on many other IPO clients, e.g. Facebook.

      • bad12 8.1.1

        Aha, and if you have the biggest bag of coin putting in the bigger orders for shares at the short end of the price is always going to make that happen,

        For the Banking Cartels it’s a clean up whichever way they are playing when you consider where all those US dollars they play in the pool with have come from…

  9. Puckish Rogue 9

    “John Key’s asset sales have descended from failure to farce”

    – Oh well if Metiria Turei says it then it must be true

    • fender 9.1

      Metiria Turei makes a great deal more sense than your beloved bumbling Judith, Pukey Boy. I heard Judith talking from Sidney this morning and have concluded that she must have been drunk. But I suspect you wouldn’t care about that, and probably prefer woman who are under the influence.

    • Paul 9.2

      Your usual useless contribution.

    • bad12 9.3

      Pucker up, hows that wee parcel of Mighty river shares looking, ah choices choices, unload them now and take the hit in the pocket,(thank Slippery and National for selling you a slice of a rotten Lemon while your counting the loss),

      OR, wait and see how KiwiPower, coming to you soon after November 2014, makes the pile of useless paper you hold look, snigger…

      • ghostwhowalksnz 9.3.1

        “Unload them now ” Thats so 90s

        Do what Key did with falling value of his secret Tranzrail shares- Short them

        That why you win the bet they will fall some more- and collect on the way down

        Whats next in the great power company shell game.

        MRP has been a debacle, now they power company is becoming a share investor – who knew ?

        Meridian- buy now pay later, is just the opening gambit, lets guess the underwriters are left with 20% of the shares no one wants at nay price

        Genesis ?. yet to come, maybe it will be just like Hallensteins, buy two get one free

        Or maybe , one power company could buy up MRP ?…… oops Ive said too much all ready

        • bad12 9.3.1.1

          Mighty River a debacle???, that depends upon who you believe the ‘end user’ of the shares in Mighty River was intended by Slippery and this National Government to be,

          That also depends whether you believe that Slippery the Prime Minister had any great belief or even cared what the sale of Mighty River accrued to the Government accounts,

          If you believe the above, and i would suggest only the gullible could, then yeah sure the sale of Mighty River was one big cluster-f**k,

          Of course if you believe that the sale of Mighty River to Ma and Pa was simply political smoke and mirrors, a pathway for the likes of Goldman Saches to gain a large interest in Mighty River without the negative political connotations then what looks like one really really big f**king mess as far as Ma and Pa are concerned will be looking from the Boardroom of Goldman Saches and the other members of the Banking Cartels to be the golden egg that the golden goose has just shat out into the nest…

        • Rogue Trooper 9.3.1.2

          one generator to spin them all

      • Puckish Rogue 9.3.2

        Why would I sell them? I was more than happy with the divedend result but I’m even happier that the company is buying back shares. Its what Warren Buffett does with his companies and I’d take more notice of what he says when it comes to shares then some yahoos on a leftie website

        So if they are bought back I’ll still have made more money then if I’d left it in the bank so its all good

        and yeah I’m buying more shares

        • bad12 9.3.2.1

          Lolz, pucker up, like i said the other day, don’t forget to bend over while your at it, it is going to be a great laugh reading your whining bleat after the incoming Labour/Green Government Legislate for KiwiPower,

          Go on buy up Might River shares big-time the thought of your self inflicted losses despite being warned is laughter that will be savored repeatedly in years to come…

        • ghostwhowalksnz 9.3.2.2

          Buying more /

          So your strategy is countercylical, buy when every one else is selling ( 70 million sold on the first day of trading alone) .

          Good luck with that

        • Saarbo 9.3.2.3

          PR, if you are buying more of these shares you have no idea how Warren Buffett works. Even if NZ Power didnt go ahead, electricity shares are a very average buy at the momengt, but given NZ Power, these shares are a loser…like you I suspect.

    • Tracey 9.4

      can you point to links which show Turei has lied about anything?

      Here’s a list from your guy

      An honest man?

      • Puckish Rogue 9.4.1

        Oh sorry my mistake, I didn’t mean to imply shes a liar* just that shes completely hopeless and out of her depth and should stick to smoking bongs (I’m assuming thats how she comes up with whatever comes out of her mouth, I’m not actually saying she does smoke bongs)

        She earned in excess of 500 grand (mp from 2002-2007 with appropriate pay rises and perks) yet couldn’t get it together to afford a deposit on house in Auckland so had to move to Dunedin to afford a house?

        Yet somehow thousands of other people on a lot less money then her manage to do exactly that and shes now a quotable expert of anything financial?

        Labour in power: not so bad (Cunliffes already got his outs sorted for his promises)

        Labour in power with the Greens anywhere near the books: very bad

        *All politicans lie of course

        • framu 9.4.1.1

          it%20would%20be%20wiser%20to%20stop%20making%20assumptions%20-%20met%20doesnt%20smoke%20weed%20you%20ignoramus.%20Shes%20a%20qualified%20corporate%20lawyer.%20And%20yes%20i%20do%20know%20that%20for%20100%25%20fact.%0A%0AAnd%20you%20dont%20know%20shit%20about%20why%20she%20moved%20to%20dunedin%0A%0Ait%20might%20suit%20your%20stupid%20little%20fantasies%20%20-%20but%20all%20your%20doing%20is%20showing%20that%20you%20yourself%20are%20out%20of%20your%20depth%0A%0Ai%20suggest%20actually%20knowing%20what%20your%20talking%20about%20before%20proving%20your%20idiocy%20to%20all%20and%20sundry.%0A%0AIn%20fact%20-%20have%20you%20ever%20added%20anything%20other%20that%20entry%20level%20brainless%20one%20liners%3F%0A

          [translates as ]

          it would be wiser to stop making assumptions – met doesnt smoke weed you ignoramus. Shes a qualified corporate lawyer. And yes i do know that for 100% fact.

          And you dont know shit about why she moved to dunedin

          it might suit your stupid little fantasies – but all your doing is showing that you yourself are out of your depth

          i suggest actually knowing what your talking about before proving your idiocy to all and sundry.

          In fact – have you ever added anything other that entry level brainless one liners?

          [lprent: I think that something has a problem. Will look at it later. ]

          • framu 9.4.1.1.1

            what%20the%20hell%20is%20going%20on%3F%0A%0AWhat%20i%20meant%20o%20say%20was%0A%0Afact)%20-%20meteria%20doesnt%20smoke%20-%20anything%2C%20full%20stop%0Afact)%20-%20her%20moving%20to%20dunedin%20had%20absolutely%20nothing%20to%20do%20with%20auckland%20house%20prices%0A%0Aconsidering%20your%20whole%20argument%20is%20based%20on%20things%20you%20invented%2C%20and%20that%20these%20things%20arent%20true%2C%20i%20think%20you%20need%20to%20make%20an%20aplogoy%20for%20engaging%20in%20personal%20attacks%20on%20people%20who%20you%20know%20nothing%20about

            [translated as]

            what the hell is going on?

            What i meant o say was

            fact) – meteria doesnt smoke – anything, full stop
            fact) – her moving to dunedin had absolutely nothing to do with auckland house prices

            considering your whole argument is based on things you invented, and that these things arent true, i think you need to make an aplogoy for engaging in personal attacks on people who you know nothing about

          • King Kong 9.4.1.1.2

            According to the ODT;

            “Mrs Turei and her husband, Worik Stanton, moved to Dunedin in 2004 when it became apparent they could not afford a home in Auckland. The list MP is based in Dunedin.”

            So either fatso lied to the ODT during the interview she did or it is you that doesn’t know shit.

            I didn’t realise her husbands name was Worik. His parents should be shot. What kind of cum knuckle does that to a kid

            [lprent: We all cannot be named the many variants of “Ook” ]

            • framu 9.4.1.1.2.1

              shes a very old personal friend – so i think i know more than you or the media.

              just because the papers have a single quote doesnt mean that was the only thing in play

              what the fuck is it with you and the name calling – grow the fuck up, its fucking offensive

              • King Kong

                Where as I find the poor usage of the word fuck, three times in one sentence offensive.

                Different strokes for different folks, eh?

                • framu

                  difference is – its just a word – im not applying it to you personally

                  difficult concept for a monkey sure – but there is a difference

            • Paul 9.4.1.1.2.2

              That’s mature…’fatso,
              Can’t you debate the issues or is personal name calling the level of your debating skills?
              Pathetic.

          • Mike S 9.4.1.1.3

            “i suggest actually knowing what your talking about before….”

            Shhh… Let them keep going the way they are, it’s way more fun… It can be sometimes absolutely astounding to read what some people actually think, I wouldn’t want to lose that entertaining (and admittedly at times enraging) insight into their thought processes.

            The phrase “Don’t always believe what you think..” is one that some posters should dwell on.

        • RedBaronCV 9.4.1.2

          Around about the amount key has trousered from his high end tax cuts $0.5m

  10. tricldrown 10

    Pukish lack of imagination their.
    Govt bribes to get rid of shares at fire sale prices.
    Blinglish said they would not sell if they couldn’t get the minimum price
    Now with nearly $800 million of taxpayer bailout its means just another broken promise.
    $476 million write down in meridian for losses selling cheap power to tiwae.
    $30 million to rio tinto
    $60 million to bribe meridian sharee buyers
    $125 million to goldman sachs
    $120 million to advertise sales
    $50 million MRP to prop up share value.
    +Another $1 to 2 billion in lost value to existing share holders that is every NZ citizen.
    Then loss of divdends.
    This is what Key was doing at Merril Lynch.
    Riping off clients.
    Goldman sachs the same.
    Goldman sachs are facing a raft of SEC charges .
    Goldman Sachs are one of the most corrupt organizations on earth receiving $666 billion in bailouts from US treasury.
    BofA Incorporating Merril Lynch
    Received $336 billion in bailouts.
    Now shonkey is looking out for his future.
    When He moves to Hawaii He will be immediatly be appointed to the board of BofA or Goldman Sachs!

    • TightyRighty 10.1

      only at the standard could you see that much stupid in one comment and not have it moderated. Obviously you’re the average labour/greens voter who has found their voice on the internet. Congratulations on discovering modern technology. use your new found awareness sparingly though, it doesn’t seem to extend to your lack of knowledge.

      [lprent: That is because we don’t moderate on content, we moderate on behaviour. For instance the behaviour that is known as “pointless abuse” which you seem to have just wandered into.

      If you read your lame and really stupid comment you will realise that there is absolutely *no* point in it. You haven’t said anywhere in the comment *what* you found to be a problem in the content of the the comment you were replying to. You just jerked off on the abuse without bothering to explain why you thought it was a problem – a characteristic pig-ignorant right wing wanker compensating for their lack of intelligence with a inflated ego and little talent..

      Congratulations, you have just won a weeks ban for pointless abuse. Have an extra week for being stupid enough to be a pious wannabe PG clone trying to tell us how we should run the site (and thereby attracting my attention to your comment).. ]

      • Mike S 10.1.1

        😆 😆 😆 😆 😆 😆 😆

        lprent you just made me cry…..and my sides are hurting…..love it…

      • Chooky 10.1.2

        …me too…jolly good laugh…thanks Iprent ! (thanx Big Daddy….ooops….Esteemed Facilitator)

        (.btw…speaking of Big Daddys ….cant we have Mr Dotcom on here as an invited poster ….IT is increasingly ruling the world (even bank robbers, according to the latest New Scientist)….and I would love to know where IT /webs/devts are influencing/determining the political schemes of States and Nations…a bit of Sci Fi futuristic conjecture would also be interesting…I think it could be a big draw card to this site..and the MSM may pick up onit as well…….just a thought from a computer/technology retard)

    • Chooky 10.2

      + 100 trickledown…this is DAMNING!……maybe you should put this up again on a new Open Mike for discussion on the facts and figures….. or put it in a Post?…this is important!

      (….I for one got sidetracked by the mirth of Tighty Righty getting banned…you must have gotten under his/her skin!)

  11. Ad 11

    We are used to understanding that the state should own utilities because they are near-monopolies, with solid returns that are good for thengovernment’s accounts.

    But Lprent posted a little while back about preferring government investment into high-tech rather than pastoral industries as high tech gave far higher likelihood of higher salaries, faster innovation uptake, etc.

    So there will likely be a decision point for a Cunliffe administration on (a) what it does with the remaining unspent cash from the shares sales, and (b) could it be better to put the cash into supporting high tech R&D firms rather than old school electricity utilities in further buy-backs.

    Labour will sooner than later face what to spend their money on, there is never enough of it, so does it really make sense to get control of the electricity utilities again?

    • ghostwhowalksnz 11.1

      Your reasoning is all wrong.

      Its the hisk risk startup and new technologies that the private sector should finance.

      The essential utility safe as houses sector is where the state belongs

      As we have seen they are ‘back in the housing sector’, so National is really throwing their manifesto to the winds

    • lprent 11.2

      …Lprent posted a little while back about preferring government investment into high-tech rather than pastoral industries as high tech gave far higher likelihood of higher salaries, faster innovation uptake, etc

      Not to mention lower environmental impacts, less emphasis on service industries (important to me as I’m seldom polite or nice), and flatter tiered managerial organisations which are invariably more pleasant to work in (fewer meetings for a starter) etc etc.

      They’re also generally more fun to work in than generating agricultural commodities. And yes, I have worked the arse end of a cow (and dodged hooves and assorted liquids), done lambing beats in “spring” (cold windy squalls coming off Taupo while you have a hand stuck in a ewe’s cervix are a real downer), and carried strainers up the cliffs that some farmers laughingly call “pasture”. I did enjoy it. But not nearly as much as writing code and directly developing export markets.

  12. Ad 12

    I know Ghost and still think Lprent was wrong. I was trying to apply the reasoning from the previous debate onto asset sales.
    Having said that, we are being royally screwed as consumers by power utilities in public ownership. Unless a new government is going to regulate much harder, I can’t yet see a price benefit to public ownership.

    The other utility really bothering me is Chorus, which MSavage has posted on. Key is so weak in this area and deliberately undermining the regulator. Again, regulation and enforcement is the problem.

    So what problem are we really trying to solve bringing the power companies back into full public ownership?

    [lprent: I am often wrong as I don’t have infinite time to get things right. But what am I being wrong in here? I lack context. ]

    • Draco T Bastard 12.1

      Having said that. we are being royally screwed as consumers by power utilities in public ownership.

      It’s not government ownership that does that. it’s the profit motive that does it.

      Unless a new government is going to regulate much harder. I can’t yet see a price benefit to public ownership.

      The government doesn’t need to make a profit and thus the cost should be lower.

      So what problem are we really trying to solve bringing the power companies back into full public ownership

      Three problems
      1) The dead-weight loss of profit
      2.) The inefficiency inherent in competition and
      3.) Natural monopolies.

      [lprent: Looks like a comment done in something else and passed through as a escaped URL. Run through slickedit to fix it. ]

      • Ad 12.1.1

        Can’t seem to open this.

      • Draco T Bastard 12.1.2

        NFI what happened there. Just submitted it as normal.

        • lprent 12.1.2.1

          There was an update in the re-edit plugin this morning. That would be my bet. But it did check out ok on the quick test on the test box.

          I’ll keep an eye on it. Found 2 more in the comment stream.

          Update: And 4 more in the trash. It is a classic URL/HTML escape sequence (eg %20 = space in hexadecimal)

          If anyone spots it, tell me if there was anything unusual and what browser/OS you are using.

          • bad12 12.1.2.1.1

            LPrent, the 20% is occurring all through a comment when it appears after an ‘edit’, i am using firefox…

            [lprent: Good – different browser. Bet it is the re-edit. ]

          • Draco T Bastard 12.1.2.1.2

            I’m%20using%20Chrome%20Version%2030.0.1599.69%20m%20on%20Win7.%0A%0AMade%20several%20comments%20today%20and%20that’s%20the%20only%20one%20that%20went%20bung.

            [lprent: translated that is..]

            Im using Chrome Version 30.0.1599.69 m on Win7.

            Made several comments today and thats the only one that went bung.

            [lprent: I happen to have a win7 box like that next to me right now, and a long compile. ]

      • greywarbler 12.1.3

        DTB
        Interesting mind test you set there Draco. I’ve sorted through the maze and think this summation of yours needs to be seen.

        So what problem are we really trying to solve bringing the power companies back into full public ownership?
        Three problems –
        1 The dead weight loss of profit.
        2 The inefficiency inherent in competition and,
        3 Natural monopolies.

        • Ad 12.1.3.1

          1. Big utilities should have sufficient profits to run their assets. That’s a regulatory not political task.
          2. Not sure how you would prove the comparison
          3. Again, regulation and enforcement

          • Draco T Bastard 12.1.3.1.1

            1.) Profit is over and above the costs of running the assets.
            2.) Competition increases duplication especially in unproductive administration. Also increases the need for regulation and enforcement through having to tell private companies to be nice to each other.
            3.) Transparent government ownership of natural monopolies is cheaper than massive regulation and enforcement.

            • Ad 12.1.3.1.1.1

              1. Not for utilities like ports airports and electricity. Commerce Commission has huge hearings about them.
              2. Agree they are inefficient, but it would be hard for anyone to prove the rative administrative efficiency of s public system.
              3. Well possibly, but where would you stop renationalising, why, how much, and which companies would hang around to find out?

              • Draco T Bastard

                1. Not for utilities like ports airports and electricity. Commerce Commission has huge hearings about them.

                Has absolutely nothing to do with what I said.

                2. Agree they are inefficient, but it would be hard for anyone to prove the rative administrative efficiency of s public system.
                Not really

                3. Well possibly, but where would you stop renationalising, why, how much, and which companies would hang around to find out?

                That would have to be open to discussion. I’d renationalise all natural monopolies, e.g. All international airports, ports, telecommunications, power, health etc. I’d also look at what I call demand monopolies – services that everyone uses and so having it as a state monopoly would bring about efficiencies of scale that would be lacking in a competitive environment.

  13. tricldrown 13

    Materia Turei bought a castle in Dunedin probably for the same price you would buy a garage in Auckland.
    I’ve met her and hubby in person and they are just lovely people.
    Primitive primate.
    Can’t help but resort to primal bullying.l

    • TightyRighty 13.1

      Metiria Turei and her hubby bought a castle in dunedin? Larnach? thought it was owned by a trust still?

      Have you tried buying a garage in auckland, it’s relatively cheap for the potential return. probably one of the best property investments you can make right now. certainly better than a draughty old castle, the ever imposing signal of oppression of the working class that it is.

      • Mike S 13.1.1

        A garage??? That’s luxury..

        Jeez, it’d be hard to buy a bloomin’ carpark these days (some sell for 100k plus) let alone a garage..

        Hmmmm, I’m talking with a banned person…not sure how I feel about that….hmmmm

        What’s your view on that TightyRighty?
        ….
        ….
        Hello…? You there Tighty?
        ….
        ….
        Hello?

        😆 😆 😆 😆 😆

  14. tricldrown 14

    Pukesh rogue so you take more notice of warren buffet Hey saysthe rich should pay their fair share of taxes and that CGT should be at the same rate as income tax after all it is income.
    You are just the minion the big boys send to do their dirty work.
    So if the returns are so good then the shortfall in dividends to the govt will have to be made up
    by you and everone elsr paying more tax.
    Your the idiot Pukesh.

    • Puckish Rogue 14.1

      I listen to his views on the share market but it doesn’t mean I slavishly agree with everything he says, for example if he wants to pay his fair share of tax he can voluntarily pay more but he doesn’t

      • Mike S 14.1.1

        Ummm…No.

        You can’t voluntarily pay more tax than what you legally are required to pay. If, for example, you sent IRD a check saying it was for extra tax over and above what you are required to pay, they will send it back or destroy it. Probably because it can’t be allocated to any legal tax item.

  15. Whatever next 15

    Going back to Tracey’s point about potential poor turnout at referendum.
    National have consistently driven propaganda that the electorate’s role in democracy is redundant, and we should leave to the ” big boys” (bit ironic).
    The results of selling assets have hit home in UK, and in the news as we speak, but it is too late. How do we point out that we could learn from what is happening there, and stop it before it starts??

  16. Whatever next 16

    Going back to Tracey’s point about potential poor turnout at referendum.
    National have consistently driven propaganda that the electorate’s role in democracy is redundant, and we should leave to the ” big boys” (bit ironic).
    The results of selling assets have hit home in UK, and in the news as we speak, but it is too late. How do we point out that we could learn from what is happening there, and stop it before it starts??

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    Today is a Member's Day, and probably the last one of the year. After the marathon of the End of Life Choice Act, most of the bills up for debate today are uncontentious. First up is the second reading of Chlöe Swarbrick's Election Access Fund Bill. This will be followed ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Worse than I thought
    The Foreign Affairs, Defence and Trade Committee has reported back on the government's odious and tyrannical control orders bill. As expected, the fraudulent select committee process has made no significant changes (partly because they couldn't agree, but mostly because it was a stitch-up from the start, with no intention of ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • The cannabis bill and the referendum
    Yesterday, the government released its draft Cannabis Legalisation and Control Bill, which will be put to a non-binding referendum at the next election. I'm not a drug policy expert, but Russell Brown is, and he thinks its pretty good. And pretty obviously, it will be a massive improvement on the ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Hard News: The Cannabis Legalisation and Control Bill: pretty good so far
    As you're probably aware, the draft bill outlining the proposed legal cannabis regime to be put to a referendum late next year was published yesterday, and has already attracted a flurry of comment. It's notable that a good deal of the comment is about proposals that aren't actually new.A minimum ...
    1 week ago
  • Climate Change: Alignment
    One of the big problems in New Zealand climate change policy is the government working at cross-purposes with itself. It wants to reduce fossil fuel use, but encourages oil and gas exploration. It wants to reduce transport emissions, but then builds enormous new roads. The problem could be avoided if ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • How climate change will affect food production and security
    Climate Explained is a collaboration between The Conversation, Stuff and the New Zealand Science Media Centre to answer your questions about climate change. If you have a question you’d like an expert to answer, please send it to climate.change@stuff.co.nz According to the United Nations, food shortages are a threat ...
    SciBlogsBy Guest Author
    1 week ago
  • More bad faith
    Last year, the government announced it was ending offshore oil exploration by no longer issuing new permits. The idea was that the industry would then die off as permits expired. Except almost immediately the government revealed its bad faith, by saying they would extend permits and alter conditions to keep ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Banning foreign money from our elections
    The government has said it will ban foreign donations to political parties and candidates, and will be introducing legislation to be passed under all-stages urgency this afternoon. While I agree with the goal, I don't see a particular case for urgency, unless the government is concerned about a flood of ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Reforming the Education Acts
    The government introduced the Education and Training Bill to Parliament yesterday. Its a massive bill, which replaces both existing Education Acts, as well as various other bits of legislation (including some which are still proceeding through the House). I'll leave the serious analysis to teachers and people who actually know ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Bite-sized learning
    Amelia SharmanThere’s no one-size-fits-all when it comes to micro-credentials, those bits of bite-sized learning that can help workers stay on top of technological change.  What’s a micro-credential? While definitions vary, micro-credentials can be understood as short courses that allow people to learn new skills or have an existing competency recognised. ...
    SciBlogsBy Guest Author
    2 weeks ago
  • “Not The Labour Party We Once Knew.”
    All Smiles Now: Claire Szabo is taking up her presidential role after serving as the CEO of Habitat For Humanity. Which is absolutely perfect! After KiwiBuild was so comprehensively mismanaged by Phil Twyford, the party has not only elected a new president from a thoroughly respectable not-for-profit, but one who ...
    2 weeks ago
  • Marxist versus liberal methodology on transgender ideology/identity politics
    While much of the NZ left has transitioned to postmodern and identity politics in relation to transgender ideology, there are some very good articles about that deploy Marxist methodology in relation to this subject.  The one below is from the British marxist group Counterfire and appeared on their site here ...
    RedlineBy Admin
    2 weeks ago
  • Book review: The Farm by Joanne Ramos
    by Daphna Whitmore At Golden Oaks, a luxurious country retreat in the Hudson Valley, pregnant women have the best care money can buy. From the organic food, personalised exercise programmes, private yoga instruction and daily massages Golden Oaks looks like a country lodge for the upper class. Set some time ...
    RedlineBy Daphna
    2 weeks ago
  • Loosening the purse strings
    When Labour was running for election in 2017, it felt it needed to demonstrate "fiscal responsibility" and signed itself up to masochistic "budget responsibility rules". It was a fool's errand: the sorts of voters who demand fiscal responsibility are also the sorts of voters who believe that labour can never ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Climate Change: How to get there
    Writing in Stuff, Joel MacManus looks at what we need to do to meet the Zero Carbon Act's targets. The core of it:1. Convert 85 per cent of vehicles on the road to electric. 2. Eliminate fossil fuels from all industrial heating up to 300 degrees Celsius. 3. Double our ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • anti-vaxxers in a measles epidemic: so many ways to be untruthful
    “Anti-vaxers are a pro-death movement,” those comments from Dr Helen Petousis-Harris speaking about six more Measles related deaths in Samoa over the past twenty-four hours. “Anti-vaxers are a pro-death movement,” those comments from Dr Helen Petousis-Harris speaking about six more Measles related deaths in Samoa ...
    SciBlogsBy Alison Campbell
    2 weeks ago
  • Is Youth Vaping a Problem in New Zealand?
    Professors Janet Hoek and Richard Edwards, Emeritus Professor Phil Gendall, Jude Ball, Dr Judith McCool, Anaru Waa, Dr Becky Freeman Recent media reports have presented conflicting evidence on youth vaping in NZ. While some NZ school principals report concerns about increasing vaping on school grounds and confiscating vapes, ASH Year ...
    SciBlogsBy Public Health Expert
    2 weeks ago
  • In pursuit of “Freedom and Democracy”: Forever Wars in “America’s backyard”.
    “America the Beautiful!”, staunch defender of democracy, freedom and… a whole lot of despotic tyrants that play nice with what is called “the Washington Consensus.” America is indeed capable of immense good, but like any Nation, and most assuredly any aspirant to the mantle of Empire, great, immense evil. All ...
    exhALANtBy exhalantblog
    2 weeks ago
  • November ’19 – NZ blogs sitemeter ranking
    Image credit: The beginner’s guide to blogging I notice a few regulars no longer allow public access to the site counters. This may happen accidentally when the blog format is altered. If your blog is ...
    2 weeks ago
  • Whodunnit? Finding the mystery 1080 testing lab
    1080 is used to control pests in NZ. Its use is contested by a noisy few. A new report claims high levels of 1080 in rats washed up on a beach. Flora and Fauna of Aotearoa (F&F) won’t name the laboratory that did their testing. It has sparked a hunt ...
    SciBlogsBy Grant Jacobs
    2 weeks ago

  • NZ to help fund fight against measles in the Pacific region
    Foreign Minister Winston Peters has announced New Zealand will contribute NZ$1 million of funding towards the joint United Nations Fund for Children (UNICEF) and World Health Organisation (WHO) Pacific Regional Action Plan for Measles.   “Prevention through vaccination is the most effective way of avoiding illness and a costly health emergency. ...
    BeehiveBy beehive.govt.nz
    3 hours ago
  • New Zealand remembers Sir Peter Snell
    New Zealand is today remembering one of our true sporting heroes, triple Olympic gold medal winner Sir Peter Snell. “He was a legend, here and around the world,” Prime Minister Jacinda Ardern said. “Our thoughts are with Sir Peter’s wife Miki and their family.” “Sir Peter is recognised as New ...
    BeehiveBy beehive.govt.nz
    3 hours ago
  • PM congratulates Boris Johnson on election victory
    Prime Minister Jacinda Ardern has congratulated United Kingdom Prime Minister Boris Johnson on his election victory.  “New Zealand and the United Kingdom are close friends and despite our distance we are strongly connected by our history and people,” Jacinda Ardern said.  “I look forward to continuing to work with Prime ...
    BeehiveBy beehive.govt.nz
    19 hours ago
  • Building a platform for the future of rail
    The Government has released its long term vision for a sustainable 21st Century rail network that gets our cities moving, connects our regions and gets more freight off the roads.   Deputy Prime Minister and State Owned Enterprises Minister Winston Peters said the Government is committed to rebuilding New Zealand’s ...
    BeehiveBy beehive.govt.nz
    19 hours ago
  • Prime Minister statement Whakaari White Island recovery operation
    I want to start by acknowledging the families who have experienced such grief and such loss since the extraordinary tragedy on Monday. Today was all about reuniting them with their loved ones. We've just come from the airport where many of them were gathered and in amongst what you can ...
    BeehiveBy beehive.govt.nz
    20 hours ago
  • New Zealand medical specialists to provide further support to Samoa
    Foreign Minister Winston Peters today announced further support for Samoa’s longer term needs as it continues to respond to a devastating measles epidemic. “Samoa’s health system has experienced massive strain in the wake of the measles epidemic. The volume of patients needing care during this outbreak, and the number of ...
    BeehiveBy beehive.govt.nz
    23 hours ago
  • Discounted electric-bikes offered to public sector workers
    Discounted electric bikes will be offered up to public sector staff across the country as part of the Government’s work to reduce transport emissions and support healthier transport options.  Associate Minister of Transport Julie Anne Genter officially launched the new initiative at Wellington Hospital today.  “The Government has negotiated bulk-purchase ...
    BeehiveBy beehive.govt.nz
    23 hours ago
  • Australia and New Zealand confirm joint bid for FIFA Women’s World Cup
    The Australian and New Zealand Governments today launch an historic joint bid to bring the FIFA Women’s World Cup to the Southern Hemisphere for the first time. Australian Minister for Youth and Sport, Richard Colbeck and New Zealand Minister for Sport and Recreation Grant Robertson will announce the bold campaign, ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Blackwater gold mine gets PGF boost
    The Provincial Growth Fund (PGF) has approved a $15 million loan to help re-establish a gold mining operation at Blackwater Gold Mine, near Reefton, Rural Communities Minister and local MP Damien O’Connor announced at an event on the West Coast today. “This is great news for the Coast that could ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Papakāinga model inspires whānau well-being
    Papakāinga model inspires whānau well-being A housing project by Kohupātiki whānau in Hastings is an outstanding example of a Māori-led housing initiative that can reduce financial pressure and reconnect whānau to their whakapapa says the Minister for Māori Development Hon Nanaia Mahuta.  Minister Mahuta officially opened the Aroha Te Rangi ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Government provides more funding for major community wetland restoration project
    Restoration efforts for a significant wetland in the Hawke’s Bay are getting more support announced Associate Minister for the Environment Eugenie Sage. “Wetlands are vital to healthy landscapes and ecosystems. They function as nature’s ‘kidneys’, filtering and protecting water quality, acting as nature’s sponges after rain and are home to ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Housing First to help Nelson Tasman homeless
    Nelson has today seen the launch of Housing First Nelson Tasman. Today’s launch marks the expansion of the Government’s homelessness programme, Housing First, to the top of the South Island. “Housing First is a proven programme that puts people who are experiencing homelessness and multiple, high and complex needs into ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • New funding to support Environment Centres working for sustainable local solutions
    New Government funding announced today will help communities make a difference in tackling environmental issues Associate Minister for the Environment Eugenie Sage announced in Hawkes Bay today. The Ministry for the Environment’s Community Environment Fund is dedicating $243,101 to growing the capacity and capability of the Environment Hubs Aotearoa’s (EHA) ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Government takes bite out of loan sharks
    The days of vulnerable consumers falling victim to loan sharks, truck shops and other predatory lenders are numbered, following the Credit Contracts Legislation Amendment Bill passing its third reading tonight. “Too many Kiwis are being given loans that are unaffordable and unsuitable, trapping them in debt and leaving their families ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • New Zealand safer as Terrorism Suppression (Control Orders Bill) becomes law
    A Bill that prevents terrorism and supports the de-radicalisation of New Zealanders returning from overseas has passed its third reading, Justice Minister Andrew Little says. The Terrorism Suppression (Control Orders) Bill is a carefully targeted response to manage the risk posed by a small number of New Zealanders who have ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Foreign Minister and Pacific Peoples Minister to visit Samoa
    Foreign Affairs Minister Winston Peters and Minister for Pacific Peoples Aupito William Sio will travel to Samoa on Friday, where New Zealand medical teams are helping Samoa respond to an outbreak of measles. “New Zealand has been working closely with the Government of Samoa and offering our assistance from the ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • New Pastoral Care Code will support tertiary students in 2020
    The Government has changed the law to improve student safety and welfare in university halls of residence and other student accommodation. The Education (Pastoral Care) Amendment Bill passed its third reading this afternoon and details of an interim Code of Practice setting out the Government’s expectations of tertiary providers have also been released. ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • New infrastructure funding tool to build housing developments faster
    A new tool to help councils fund and finance infrastructure could mean some housing developments happen a decade earlier than currently planned, Urban Development Minister Phil Twyford said today. “This new tool, developed by the Government in partnership with industry and high-growth councils, will allow councils to access private debt ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Vision to unite the primary sector launched today
    Agriculture Minister Damien O’Connor has welcomed the release of a bold new vision for the country’s vital food and fibre sector. “I’m delighted that New Zealand’s major farmer and grower organisations are today supporting the Primary Sector Council’s vision – Fit for a Better World,” he said. “The international consumers ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • NZ congratulates PNG and Autonomous Bougainville Government on referendum
    Foreign Minister Winston Peters has congratulated the Government of Papua New Guinea and the Autonomous Bougainville Government for completing a well-conducted referendum on the future political status of Bougainville. “New Zealand supported the referendum process by providing technical advice through the New Zealand Electoral Commission and leading a Regional Police ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Next steps for Upper North Island logistics
    In light of Cabinet’s position that freight operations on prime land in downtown Auckland are no longer viable, the Government will now embark on a short work programme to enable decision-making in the first half of next year, Associate Transport Minister Shane Jones says. Minister Jones is today releasing the ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Surgical mesh restorative justice report received
    Associate Health Minister Julie Anne Genter has received the report back from a surgical mesh restorative justice process undertaken by Victoria University. The process heard stories, either in person or online submission, from more than 600 people affected by surgical mesh. “The report made for heart-breaking and confronting reading,” says ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • The Water Services Regulator Bill – Taumata Arowai a milestone for drinking water safety
    The Water Services Regulator Bill – Taumata Arowai , introduced to Parliament today, is a milestone for drinking water safety in New Zealand and will help improve environmental outcomes for urban waterways, rivers and lakes.  “This is a breakthrough for New Zealanders in terms of providing safe drinking water throughout ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Speech to new direction for criminal justice reform announcement
    Kia ora koutouE ngā mana, e ngā reo, e ngā matā wakaTēnā koutou katoaHaere ngā, moe maiKoutou ma ngā Rangatira Ko Anaru ahauKo au te Minita mo ngā TureHe Honore tino nui kei roto I ahau No reira tena koutou katoa Today, we are releasing two reports that are the ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • New direction for criminal justice reform
    The Government is looking to turn around the long-term challenges of criminal justice by taking a new approach to break the cycle of offending to ensure there are fewer victims of crime. Justice Minister Andrew Little released two reports today, Turuki! Turuki! from Te Uepū Hāpai I te Ora, and ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • New law sets up $300m Venture Capital Fund
    New Zealand firms expanding beyond the start-up phase are set for more support after today’s passage of the Venture Capital Fund Bill, Associate Finance Minister David Parker said. The Bill, which establishes a $300 million Venture Capital Fund, puts in place a key initiative of the Wellbeing Budget’s economic package. ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New Zealand’s National Statement to COP25
    E ngā mana, e ngā reo, e ngā iwi, e ngā rau rangatira mā. Tēnā koutou, tēnā koutou, tēnā koutou katoa. Señora Presidenta, Excellencies, Delegates. International action A common thread that runs through the Paris Agreement is the commitment we have made to each other to do what we can to ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • $12 billion in extra infrastructure investment
    The Government is lifting capital investment to the highest level in more than 20 years as it takes the next step to future-proof New Zealand. Finance Minister Grant Robertson has announced $12 billion of new investment, with $8 billion for specific capital projects and $4 billion to be added to ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Strong economy, careful spending gives $12bn of surpluses
    The Government is forecast to run $12 billion worth of surpluses across the four years to 2023/24 as the economy continues to grow. The surpluses will help fund day-to-day capital requirements each year. These include fixing leaky hospitals, building new classrooms to cover population growth and take pressure off class ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Priorities for 2020 Wellbeing Budget outlined
    Budget 2020 will continue the Coalition Government’s focus on tackling the long-term challenges facing New Zealand while also investing to future-proof the economy. When the Government took office in 2017 it was left with crumbling infrastructure, severe underinvestment in public services, degraded rivers and lakes, a housing crisis and rising ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Minister welcomes data-rich coastline mapping tool
    The Minister responsible for the Marine and Coastal Area (Takutai Moana) Act 2011 (te Takutai Moana Act 2011), Andrew Little has welcomed the launch of an online geospatial tool that provides data-rich, dynamic coastline maps that will significantly boost research and evidence-gathering under the Act. Te Kete Kōrero a Te ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Chief Victims Advisor reappointed for a further two years
    The Chief Victims Advisor to Government Dr Kim McGregor, QSO, has been reappointed in her role for a further two years. Dr McGregor has held the role since it was established in November 2015. She provides independent advice to government on how to improve the criminal justice system for victims. ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New Zealand tsunami monitoring and detection system to be established
    Foreign Affairs Minister Winston Peters and Civil Defence Minister Peeni Henare have today announced the deployment of a network of DART (Deep-ocean Assessment and Reporting of Tsunami) buoys. “New Zealand and the Pacific region are particularly vulnerable to natural disasters. It is vital we have adequate warning systems in place,” ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • DART Buoys Announcement
    DART Buoys Announcement Aotea Wharf, 9.30am 11 December 2019   Acknowledgements Acknowledgements to Minister for Civil Defence Hon Peeni Henare also here today. White Island It is with regret that this event shadows the tragic natural disaster two days ago. The volcanic eruptions on White Island have claimed 5 lives, ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Final steps for racing industry reform
    Racing Minister Winston Peters has welcomed the first reading of the Racing Industry Bill in parliament today. This is the second of two Bills that have been introduced this year to revitalise New Zealand’s racing industry. “Our domestic racing industry has been in serious decline.  The Government is committed to ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Funding to promote New Zealand Sign Language initiatives
    Minister for Disability Issues, Carmel Sepuloni, is pleased to announce that $291,321 is to be awarded to national and local community initiatives to maintain and promote the use of New Zealand Sign Language (NZSL). “New Zealand is one of the few countries  in the world where Sign Language is an ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • How New Zealand defines and recognises veterans
    Minister for Veterans Ron Mark has announced today the Coalition Government’s initial response to work completed by the independent statutory body, the Veterans’ Advisory Board. “When Professor Ron Paterson completed his review of the Veterans’ Support Act in 2018, he made a number of recommendations, including one which I referred ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Government to fund lion’s share of Ohakea water scheme
    The Government will fund the bulk of the cost of a rural water supply for the Ohakea community affected by PFAS contamination, Environment Minister David Parker announced today at a meeting of local residents. This new water scheme will provide a reliable and clean source of drinking water to the ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Prime Minister statement on White Island eruption
    I have had the opportunity to be briefed on the details of the volcanic eruption of Whakaari/White Island, off the coast of Whakatane in the Bay of Plenty.  The eruption happened at 2.11pm today.  It continues to be an evolving situation.  We know that there were a number of tourists ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Govt funds $100k for weather-hit communities
    Prime Minister Jacinda Ardern and Minister of Civil Defence Peeni Henare have today confirmed initial Government support of $100,000 for communities affected by the severe weather that swept across the South Island and lower North Island over the weekend. The contribution will be made to Mayoral relief funds across the ...
    BeehiveBy beehive.govt.nz
    5 days ago