Kiwis at the front of the queue?

Written By: - Date published: 10:42 am, March 4th, 2013 - 140 comments
Categories: capitalism, national, Privatisation - Tags: , ,

One of the promises that Key made about asset sales was that Kiwis would be “at the front of the queue”. For the past several days, however, there has been speculation that Mighty River Power shares would be listed in Australia:

Mighty River shares to be sold in Australia – reports

Shares in Mighty River Power will be available to investors on the Australian stock exchange, according to reports from across the Tasman.

A leading Australian business newspaper is reporting that shares in the state-owned enterprise will be “dual-listed” in both countries.

The revelation has prompted Labour to hit out at the Government, accusing it of breaking its promise to New Zealanders that they would be the first in line to buy shares.

See also The Herald’s coverage. Apparently an official announcement is due today, but it’s not likely that these media reports are wrong, as pretty much confirmed by Key on RNZ this morning:

The Labour Party says listing the shares on the Australian stock exchange contradicts the promise to prioritise New Zealand investors.

But Mr Key says where the shares are listed is irrelevant as the Government will determine the make-up of the ownership once it has gauged the level of interest from potential investors.

That “make-up of ownership” has previously been described as:

…between 85 per cent and 90 per cent will be held by New Zealanders, including its own 51 per cent stake.

Note that last important caveat. So, up to 30% of the current share offering can be sold off-shore (half the shares are on sale, 30% of that gives us 15% of the total assuming Key goes with 85% “held by New Zealanders”).

According to the overwhelming majority of public opinion, and simple common sense, these assets should not be sold. But if they are, and the demand is there, why not 100% Kiwi owned? Why will up to 30% of the current offering be flogged off overseas? (Note also, of course, that as soon as the shares are sold, there is nothing to stop Kiwis flicking them off to overseas buyers, and the percentage of Kiwi ownership will quickly plummet). So much for Kiwis at the front of the queue indeed.

140 comments on “Kiwis at the front of the queue? ”

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  1. infused 1
    4 March 2013 at 11:02 am

    There is an article I read somewhere in the weeknd that says the Aussie shares would be after NZers bought shares.

    • Tom Gould 1.1
      4 March 2013 at 5:23 pm

      Key just can’t help himself lying, can he? Now he’s spending a million bucks on a party political broadcast, to cover up. Banana republic, anyone?

    • infused 2.1
      4 March 2013 at 11:20 am

      How is that sneaky?

    • Draco T Bastard 2.2
      4 March 2013 at 11:31 am

      The National Party leadership appear at odds tonight over the future sale of Kiwibank.
      English appears to favour a future sale but today party leader John Keysaid a sale was unlikely.
      At a social event as part of the National Party Conferenceon Friday night, deputy leader Bill English was secretly taped talking to two delegates about the possibility of selling the government-owned Kiwibank.

      Kiwibank has always been in Nationals list of assets to be sold but they won’t touch it just yet as it has massive support in the community.

      • Draco T Bastard 2.2.1
        4 March 2013 at 11:32 am

        Oops, stuffed up the link 😳

        English and Key at odds over future sale of Kiwibank

        • alwyn 2.2.1.1
          4 March 2013 at 2:11 pm

          So, after reading your link I discover that just over four and a half years ago John Key wasn’t going to sell Kiwibank and Bill English was talking about the subject.
          Four and a half years after that surreptitious recording John Key is still not interested in selling it and English hasn’t said anything further.
          Somehow you turn it into “Kiwibank was always on National’s list etc”.
          As for the Government getting some expert opinion on the Kiwibank plans that seems to me to be an excellent idea. I only wish they had done it with Solid Energy.

          • Draco T Bastard 2.2.1.1.1
            4 March 2013 at 3:06 pm

            And considering that JK lies him saying something different to BE doesn’t fill me with confidence.

          • felixviper 2.2.1.1.2
            4 March 2013 at 3:11 pm

            It was always on the list, Bill English said so and as you correctly point out he has never reversed that position.

            It doesn’t matter what John Key says, he breaks promises like Gerry breaks wind: Openly and with no concern for those affected.

  3. vto 3
    4 March 2013 at 11:08 am

    It will be another one of John Key’s lies.

  4. freedom 4
    4 March 2013 at 11:38 am

    What is with the bonus share promises that may or may not be promises or bonuses or even shares? Doesn’t keeping a section of stock aside to service the promise, only cut into the promised return that promises to deliver such promise as we have only dreamed of. I mean it is incredible what a quickly diminishing promised return is going to achieve. At last count 5 billion dollars is going to balance the budget, build not only hospitals but schools too, save CHCH and give every Mum & Dad in NZ a live of prosperity and wonder, hey Key promised !

    as an aside- at work on the weekend ( work which is about to be taken away by a new bean counter of a boss) we had a few Aussie Exchange folk in, and boy oh boy did their mood change when i casually asked if they had any hints about how to go about listing NZ Energy companies on the Ozzie market. must have hit a nerve i reckon. 🙂

  5. Dv 5
    4 March 2013 at 11:45 am

    Contact energy has returned about 5% pa over the 12? years since listing.

  6. emergency mike 6
    4 March 2013 at 11:45 am

    “the Government will determine the make-up of the ownership once it has gauged the level of interest from potential investors”

    Gee, I hope all the mums and dads turn out to be as interested as John Key has been saying they are. But I guess things could get dynamic.

  7. Pascal's bookie 7
    4 March 2013 at 11:48 am

    Kiwis will be at the front of the queue, it’s just that the bouncer is gonna be all “Sorry, shoes.” and “Not tonight mate, not your sort of thing” and “Private function tonight”.

    • freedom 7.1
      4 March 2013 at 11:53 am

      chortles and smirks all day off that one PB ++good

    • tc 7.2
      4 March 2013 at 11:59 am

      +1 and once they’re gone that’s it folks.

      Deals done I reckon, Oz and beyond have already been lined up for them.

      • freedom 7.2.1
        4 March 2013 at 12:03 pm

        gotta wonder what the final holdings of a certain mining magnate will be, why else would she give up so much of Fearfacts if not to be promised something altogether more critical ?

      • SpaceMonkey 7.2.2
        4 March 2013 at 1:38 pm

        Look for the usual suspects… the likes of National Nominees (NAB), JP Morgan, HSBC, Dexia, Citicorp, Goldman Sachs, etc.

    • Rogue Trooper 7.3
      4 March 2013 at 4:42 pm

      m-i-c-k-e-y m-o-u-s-e (a deeba deeba, that’s all folks)

    • Tim 7.4
      4 March 2013 at 7:39 pm

      … yep! and the bouncer will prob be the one that deals ‘P’ on the side to make ends meet.

  8. Lanthanide 8
    4 March 2013 at 1:09 pm

    Very interesting poll on stuff, with the current results at the time of writing:

    Would the Government’s partial asset sales push cause you to change your vote?

    Yes – I’d now vote for a party opposing asset sales
    285 votes, 36.4%

    Yes – I’d now vote for National
    68 votes, 8.7%

    No
    211 votes, 27.0%

    No – I voted for another party in the election
    218 votes, 27.9%

    Bit of an refutation about the so-called “mandate” they have to sell assets.

  9. Mary 9
    4 March 2013 at 1:09 pm

    If Shearer is ever going to make a positive impact then asset sales is the issue he needs to take a stand on. He needs to say Labour will buy back what ever Nact sells (and then but them back, of course). The support’s there, especially if Kiwibank’s on the block, even if Kiwibank’s only being being touted now so it can be pulled back on to make the current sales more palatable. All Shearer needs to do is make the move and show he and Labour are in control of the discussion. All he’s doing now is just reacting which just makes him look like an idiot. Why can’t he do that? 70% of people are behind him! It should be easy.

    Answer is that at worst Labour are quite happy for the sales to go ahead, especially Shearer. At best they don’t really care. A man who would privatise the military would surely see no problems getting rid of a bank and a few power companies. That’s what happens when you have a right-wing government and a right-wing opposition.

    • Draco T Bastard 9.1
      4 March 2013 at 1:21 pm

      He needs to say Labour will buy back what ever Nact sells


      No, he needs to get together with every other party that opposes these sales and say that they will be renationalised without compensation and then do it the day that they’re in power.

      • felixviper 9.1.1
        4 March 2013 at 1:58 pm

        +1

      • Mary 9.1.2
        4 March 2013 at 2:46 pm

        You’re right. I need to learn to be more forceful.

        • Colonial Viper 9.1.2.1
          4 March 2013 at 4:13 pm

          Well, there are more subtle alternatives than Day 1 re-nationalisation without compensation.

          Firstly, you compulsarily acquire 1/2 the Board of Directors seats. Which is the government’s right as a 49% shareholder.

          Secondly, you make it a mandatory requirement that an additional Board seat or two is filled by representatives from the Workers Committee of each power company.

          Thirdly, you apply a super-profits tax on on the earnings of those companies.

          Fourthly, you wait until the private sector owners beg you to take the company fully off their hands so that they can move on with their capital.

      • Tim 9.1.3
        4 March 2013 at 7:54 pm

        Absolutely! Even if he comes out with some woosey statement such as “…there is no guarantee that [assets on the sale agenda] will remain with 49% private participation as opposed to being PUBLICLY owned.
        That actually might cause me to reconsider the firm decision I’ve made (after a lifteime of voting Labour), to party-vote anything BUT Labour, Nat/Act/Dunne/Conservative.
        They’d have to also make it abundantly clear that neo-liberal policy has clearly failed (the World!); that they will try and progress some sort of constitution that elevates the status of Te T o W, BORA, other legislation such as OIA; AND that whilst we have LIZ, the Guv is REQUIRED to refuse the Royal ascent to piss-poor legislation that breaches those Acts/Constitution. When eventually a republic, a President would effectively impeach himself if he/she legitimised anything that breached those acts/constitution.

        I notice Frank McS has recently written something on the need to entrench various things and provides ideas on the mechanisms available to achieve same. Funnily enough, I’ve asked the Green Party to comment on where they stand and how they would handle the issue. (No reply – After 2 weeks).
        Will it be Green, or will it be Mana I ask myself!

    • SpaceMonkey 9.2
      4 March 2013 at 1:41 pm

      Why can’t he do that…? Probably because his constiuents don’t want him too.

      • felixviper 9.2.1
        4 March 2013 at 1:59 pm

        You mean the people of Mt Albert?

      • Tiresias 9.2.2
        4 March 2013 at 2:42 pm

        He can’t do that – or rather he could but won’t – because fortunately he’s brighter than you lot.

        Read the ‘Sequester USA” thread below. The US political system has become totally disfunctional and the country practically ungovernable because the Republicans – and the Democrats, come to that – are demanding all and giving nothing. Italy is ungovernable at the moment because Beppe Grillo’ M5S ‘party’ are refusing to work with anyone. Greece is in a perilously similar situation. It is axiomatic that in any PR system which doesn’t give one party an unopposable majority there is an opportunity for a minority to dig its heels in and bring government to a standstill.

        There are occasions when that might be justified – when perhaps the majority is seeking to abuse its powers by doing things unannounced and without any mandate much as the fourth Labour Government did under Lange, except that the FPP system then gave them the power – but under the conventions of the Westminster Parliamentary system which make it, and democracy, workable particularly under PR an elected Government has the right to do what it said it would do before it was elected however much you, and Her Majesty’s loyal opposition, might not like it. If Shearer now started making announcements as herein suggested he probably would kill the asset sales programme dead – but if Labour won the next election by anything other than an outright majority he could very easily find himself blocked from doing many of the things he campaigned on and which you’d want him to do because of such blackmailing and undercutting threats by the other side or sides.

        Democracy is a fragile thing – just ask the Greeks, and the Germans of the 1930s come to that – and think before you start a race to the bottom.

        • Draco T Bastard 9.2.2.1
          4 March 2013 at 3:29 pm

          He can’t do that – or rather he could but won’t – because fortunately he’s brighter than you lot.

          Ah, yes, the traditional not undoing the actions of a previous government to maintain stability despite the fact that the populace wants them to and didn’t want the previous government to do it in the first place.

          That’s not more intelligent, just more sticking to what the rich want.

          • Tiresias 9.2.2.1.1
            4 March 2013 at 4:00 pm

            No, I was merely responding to your suggestion that the power companies be re-nationalised without compensation.

            You are quite correct to believe such a suggestion from Labour would stop asset sales in their tracks. It would also trigger a capital flight from New Zealand that would make Greece, Iceland and ireland’s recent experiences look like minor financial hiccups. What do you imagine the New Zealand dollar would be worth if the Government started taking what it wanted without compensation? How much oil, how many pharmaceuticals, would we be able to buy if we had to pay cash for it in US$ at 10/c to the NZ$?

            Shearer/Labour would in my view be quite entitled to announce that in Government they would take back ownership of the power companies from private investors at a fair price, and such an announcement would undoubtably depress the sale – perhaps to the point of sinking it. Because they haven’t done so I agree with Mary above – I don’t believe the current Labour leadership is whole-hearted about its objections to the sale process and is quite happy to let National put some black ink on the Govt’s Books while avoiding the approbrium.

            Buying the power companies back would, however, be an expensive exercise and Shearer’s view might be that taxpayer’s money would be better spent on other things. As I haven’t heard anything from him on the point I’ve no idea where he actually stands.

            • Colonial Viper 9.2.2.1.1.1
              4 March 2013 at 4:07 pm

              Capital flight/capital strike by the wealthiest corporations and individuals remains the single gravest threat to NZ sovereignty.

              Buying the power companies back would, however, be an expensive exercise and Shearer’s view might be that taxpayer’s money would be better spent on other things.

              As you say who on Earth would know what Shearer’s actual views on this are.

              ps it’d be relatively cheap to buy the power companies back; they’ll pay for themselves within 9 or 10 years.

              A great investment for NZ.

            • Draco T Bastard 9.2.2.1.1.2
              4 March 2013 at 5:48 pm

              It would also trigger a capital flight from New Zealand that would make Greece, Iceland and ireland’s recent experiences look like minor financial hiccups.

              And would allow us to bring our economy back into line just like Iceland did.

              How much oil, how many pharmaceuticals, would we be able to buy if we had to pay cash for it in US$ at 10/c to the NZ$?

              Who cares as all that really means is that we would have to fall back upon our own resources which are quite enough to sustain us.

              Shearer/Labour would in my view be quite entitled to announce that in Government they would take back ownership of the power companies from private investors at a fair price, and such an announcement would undoubtably depress the sale – perhaps to the point of sinking it.

              Actually, it would be likely to push the price up due to the government guaranteed returns that Shearer would be promising.

              Buying the power companies back would, however, be an expensive exercise and Shearer’s view might be that taxpayer’s money would be better spent on other things.

              That’s why the government should also be taking back the power of printing money from the private banks.

              You, like most economists, have NFI WTF the economy is or what it’s for.

              • Colonial Viper …
                4 March 2013 at 5:59 pm

                Who cares as all that really means is that we would have to fall back upon our own resources which are quite enough to sustain us.

                Actually, in addition to the benefits of an import substitution programme, India and China will supply us with all the advanced manufactured products we need in direct exchange for: food and energy.

                Pretty good eh.

        • KJT 9.2.2.2
          4 March 2013 at 3:42 pm

          You think we have Democracy? What a joke.

          At best we have a three yearly rotating dictatorship. Where the most you can do if you don’t like one lots policies, is to vote back the lot you didn’t like last time.

          Where idiots like Key, Douglas and the ABC’s and total mental vacancies like Parata, Brownlee, Banks, Hipkins can tell us all what to do.

          Where the opposition is , if being generous, out to lunch, if not you could say they are also conniving in the daylight robbery.

          The minimum requirement for democracy is binding referenda, with an achievable minimum trigger petition, like the Swiss.

          • Tiresias 9.2.2.2.1
            4 March 2013 at 4:11 pm

            And why do we have “idiots like Key, Douglas and the ABC’s and total mental vacancies like Parata, Brownlee, Banks, Hipkins”? I suggest that we have the democracy we deserve, and for as long as 85% of the electorate (at least) regards democracy as a tri-annual tick in a box according to their view of the best act of the ones they were shown, we’ll get what you describe.

            You can vote for whoever you want, so in what way is it the fault of democracy there’s no-one in Parliament representing your views?

            Yes, I broadly agree with the concept of binding referenda. Let’s float one calling for the abolition of taxation and free Rolls-Royces all round.

            • KJT 9.2.2.2.1.1
              4 March 2013 at 4:26 pm

              Hey.

              All we get is a tri-annual tick in the box, not democracy.

              As for referenda. I am damn sure we would not all vote to reduce taxes on the rich to the extent the country cannot function, sell of income earning assets and give tax payer dollars to crooks.

              • Colonial Viper …
                4 March 2013 at 4:46 pm

                Exactly. Tiresias thinks that putting paper into a ballot box = democracy, when in fact, voting is nothing more than a mechanical process used by democracies.

                • Tiresias …
                  4 March 2013 at 10:12 pm

                  No, I’m suggesting we have the democracy we deserve because most of the voting population doesn’t engage any further than ticking the box at tri-anual elections. I do my best by actively supporting the party I think most closely represents my personal political views and doing what I can to get it to represent them even more closely – which is why I gave up on Labour some while back. Flogging dead horses eventually gets wearying.

                  And as for binding referenda I note that in 2009 the Swiss , by a majority of 57.5%, voted in favour of banning the construction of minarets in Switzerland, and by a majority of 68% against a ban on the export of arms and war supplies.

                  When a whole country does a Prosser it’s hard to argue he’s just a dim and lonely redneck.

                  • Tiresias …
                    4 March 2013 at 10:32 pm

                    Oh, and the Swiss have just voted by 68 percent to back plans for shareholders to veto executive pay and for a ban on big rewards for new and departing managers.

                    So what do we have?

                    Swiss vote to curb bonuses and obscene executive pay – what a great nation.

                    Swiss vote to ban the building of mosques – what a backward, intolerant nation.

            • Rogue Trooper 9.2.2.2.1.2
              4 March 2013 at 4:46 pm

              Yep.Merlins please

          • TheContrarian 9.2.2.2.2
            4 March 2013 at 4:34 pm

            “The minimum requirement for democracy is binding referenda”

            Th minimum requirement for democracy is universal suffrage.

            • Tim 9.2.2.2.2.1
              4 March 2013 at 8:11 pm

              ….. AND!!!! any ruling government is only as good as its opposition – something Joe Everidge (distant cousin to Edna) can’t seem to grasp when there’s no Public Sphere, no 4th Estate, and an up and coming (ONE Newzzzzzz) cabal of wannabe gliterrati reporters and journalists that can’t even handle the difference between ‘brought’ and ‘bought’ – which most of them – if they had time to sit down and think about it – actually are.
              Bring and Buy
              Brought and Bought

              Aye (Layzy!) you gorgeous creature!

          • TheContrarian 9.2.2.2.3
            4 March 2013 at 4:35 pm

            No good having binding referenda if only men can vote on it for example

            • KJT 9.2.2.2.3.1
              4 March 2013 at 6:59 pm

              All the indications are that we would have had universal suffrage a lot sooner in NZ with Swiss style Government.

              It was our parliament that blocked it!

              Their decisions reflect their society.

              Referenda in NZ, would reflect our society.

              • TheContrarian …
                4 March 2013 at 7:17 pm

                “All the indications are that we would have had universal suffrage a lot sooner in NZ with Swiss style Government. ”

                So what you are saying is that if NZ had a Swiss style of government before universal suffrage we would have had universal suffrage earlier?

                Considering NZ gave woman the vote before any other nation, and before the advent of ‘Swiss style of government’ was even a thing, your comment actually doesn’t make any sense.

              • Arfamo …
                4 March 2013 at 7:18 pm

                Everybody seems to like the idea of government by referenda but I doubt any government of New Zealand could make it work effectively. You still get left with many of the day to day business decisions and management of the budget having to be made by an elected govt and implemented or regulated by government departments and institutions. A pity we no longer have such an apolitical public service. I can remember a time when Ministers really were quite often talked out of bad ideas by senior departmental heads who really did think their role was to be apolitical servants of the public. But that’s 30 years ago.

                • TheContrarian …
                  4 March 2013 at 7:25 pm

                  “Everybody seems to like the idea of government by referenda”

                  In the last year alone ~250 bills were presented and passed. The idea we could have referenda on all them is absurd. Even you said, lie Draco is want to say, we only have referenda on the ones that matter to the nation or herald major change then who decides which ones go to referenda? All bills effect everyone in some sense. Govt. by referenda isn’t really that feasible.

                  • Arfamo …
                    4 March 2013 at 7:32 pm

                    I agree. Imagine how much time would be wasted just on trying to sort out an agreed wording for each item for referendum. I guess if someone wanted to waste the time on it they could try and come up with a really short, shortlist of key matters which ought to be subject to referenda, but those areas tend to reveal themselves when members of the public do CIRs anyway. Leaving us with the problem that governments aren’t bound by them and seem to enjoy thumbing their noses at them anyway. Wonder if the constitutional review will look at that.

                  • felixviper …
                    4 March 2013 at 7:38 pm

                    That’s a fair enough point if you’re limiting the discussion to simply governing by referendum but not changing anything else in the system.

                    Which is a bit like saying “Cars can’t possibly run on electricity – they don’t have plugs!”

                    Perhaps another way to look at this is to ask why there are so many bills…

                    • Arfamo …
                      4 March 2013 at 7:44 pm

                      Is that a particularly noteworthy number of bills? I dunno I’ve not kept track of how many bills have passed over the years. Maybe more bills now than in the past because of the need to continually fix up poorly considered, rushed legislation, but not sure that’s the case without seeing some numbers over the years.

                    • TheContrarian …
                      4 March 2013 at 7:46 pm

                      “Perhaps another way to look at this is to ask why there are so many bills
”

                      Look at how fast the world changes around us.

                    • felixviper …
                      4 March 2013 at 9:21 pm

                      And look at how slowly the system reacts.

                    • Draco T Bastard …
                      4 March 2013 at 9:23 pm

                      Is that a particularly noteworthy number of bills?

                      One of the criticisms leveled against NZ parliament is that it’s the fastest lawmakers in the west or words to that effect. The simple fact is that we actually pass laws far too fast.

                    • Arfamo …
                      5 March 2013 at 10:19 am

                      Lol. This debate is becoming more obscure with each new post.

                  • Draco T Bastard …
                    4 March 2013 at 9:20 pm

                    In the last year alone ~250 bills were presented and passed.

                    Where’s the Natural Law that says that 250 bills have to be passed every year?

                    And, as I’ve also said, we can have the living standard we have today on 10 hours work each week leaving plenty of time for people to engage with government on those major policy decisions where it’s needed.

                    • Arfamo …
                      4 March 2013 at 9:38 pm

                      Reducing work hours but not pay and spreading the work to give more jobs to people I’m sure is possible: it’s what futurists were optimistically predicting at the dawn of the computer revolution. But the world headed in the opposite direction, using computers to replace jobs and increase the hours worked by those who still have jobs. We are a very very long way from achieving the futurists’ vision.

                    • Draco T Bastard …
                      5 March 2013 at 6:56 am

                      We are a very very long way from achieving the futurists’ vision.

                      And it went that way because of the profit driven free-market. A system that is presently using up resources at a rate that is unsustainable and putting us on course for the first, and possibly the last, Anthropogenic Extinction Level Event.

                      We could do it but some people don’t want us to.

                    • TheContrarian …
                      5 March 2013 at 8:49 am

                      “Where’s the Natural Law that says that 250 bills have to be passed every year?”

                      There is no natural law but the fact is this is how many bills are being passed.

                      “We can have the living standard we have today on 10 hours work each week leaving plenty of time for people to engage with government on those major policy decisions where it’s needed.”

                      I think you’ll probably find the vast majority of people don’t want to spend their free time reading government bills. Even if we lower the amount of bills being passed to 100 per annum that is still a hell of a lot of time taken if every one is going to vote on them. Essentially one every 3 days. Government by referenda is simply far to time consuming and complicated.

                      “We can have the living standard we have today on 10 hours work each week”

                      I put it to you that that’s bullshit. Care to quantify it?

                    • felixviper …
                      5 March 2013 at 9:01 am

                      TC, you’re still wedded to the idea that so many bills are necessary and that they have to be necessarily difficult to understand.

                      You haven’t really demonstrated this though, unless your argument is that the status quo is the best we can ever do.

                    • TheContrarian …
                      5 March 2013 at 9:06 am

                      I am not wedded to any particular idea. The simple fact is there are this many bills. I am open to any idea to reduce the number.

                      How many do you think there should be?

                    • felixviper …
                      5 March 2013 at 9:32 am

                      It’s irrelevant how many I think there should be.

                      If you’re not wedded to the idea that lots of complicated bills need passing then good, let’s move on.

                      Now that we’ve dealt with that, what’s your next objection to referendum?

                    • TheContrarian …
                      5 March 2013 at 9:36 am

                      No I am not wedded to the idea but the current reality is that there are over 200 bills being passed every year so you need to deal with that first because having referenda on all of them is not possible.

                      If there are only 10 bills a year then there is no issue in referenda on them but that is just plucking a number out of the air.

                    • felixviper …
                      5 March 2013 at 9:51 am

                      FFS you’re being dense this morning.

                      If you think ten is a good number then let’s use that for now. Ten bills a year.

                      Happy?

                    • TheContrarian …
                      5 March 2013 at 9:55 am

                      I have no problem with referenda at all if we are only voting an a few bills a year because we’ll have the time to investigate them before being voted on

                      So now, lets look at the problem of how many bills we have. You can’t just wave your hand and say “we’ll just have less” because you need to determine which ones we are going to have and which ones we don’t need.
                      How do we do this? Any ideas?

                    • felixviper …
                      5 March 2013 at 10:09 am

                      Actually we can, we just pass a law that says “no more than ten bills per year”.

                      Or “no more than 2 at a time”.

                      Or “only on tuesdays”.

                      Or whatever.

                      You’re treating the amount of bills like it’s a natural phenomenon when it’s simply a product of the existing rules and systems.

                    • TheContrarian …
                      5 March 2013 at 10:13 am

                      No I am not treating it as a natural phenomena – I am treating as the actual reality we currently have.

                      Of course we can pass those laws – so how do you determine which ones we’ll be voting on?

                    • felixviper …
                      5 March 2013 at 10:15 am

                      How do you think which bills go through the house are determined now?

                    • felixviper …
                      5 March 2013 at 10:19 am

                      ps do you really not understand that the “current reality” or whatever you’re calling it is determined by rules we made up?

                    • TheContrarian …
                      5 March 2013 at 10:19 am

                      OK then we follow the same method as we have now but limit it to ten per annum.

                      So we pass only 10 of these:
                      http://www.parliament.nz/en-NZ/PB/Legislation/Bills/Default.htm

                      Which would mean the last year of parliamentary business would take 23 years.

                    • TheContrarian …
                      5 March 2013 at 10:21 am

                      “do you really not understand that the “current reality” or whatever you’re calling it is determined by rules we made up?”

                      Of course.

                    • felixviper …
                      5 March 2013 at 10:24 am

                      Who says any of last year’s parliamentary business would’ve happened at all?

                      See?

                      You’re totally stuck on the idea that the outcome must not change. This is why you get called conservative btw.

                    • TheContrarian …
                      5 March 2013 at 10:34 am

                      I don’t think things shouldn’t change at all. I like change however I don’t just hand wave and say ‘things should be like this’.

                      It’s all well and good to say we could change the rules and say ‘we only need ten bills a year’ but you need to recognise the effect it would have and that, ironically, would mean things would change very little

                    • TheContrarian …
                      5 March 2013 at 10:42 am

                      We can take this up later though if you’d like – I have meeting to get to.

                      Enjoy your day.

                    • felixviper …
                      5 March 2013 at 11:05 am

                      Now you’re trying to make this about change for change sake. Please.

                      The question was really about why things are necessarily done a certain way and not another. As far as I can read you’re defending the status quo on no grounds at all other than that it happens to be the way things are done currently.

                      You say “I don’t just hand wave and say ‘things should be like this’.”

                      I suppose I think that’s exactly what you’re doing.

                    • Draco T Bastard …
                      5 March 2013 at 11:16 am

                      I think you’ll probably find the vast majority of people don’t want to spend their free time reading government bills.

                      That happens to be the price of freedom.

                      If you do not engage in governing yourself then you will be governed and all the freedom that your ancestors have fought for will be lost.

                      So now, lets look at the problem of how many bills we have. You can’t just wave your hand and say “we’ll just have less” because you need to determine which ones we are going to have and which ones we don’t need.

                      You continually ask the wrong question. It shouldn’t be about how many bills are passed but how many are basic housekeeping and how many are policy. I could be wrong but I think you’ll find that the majority of those 200+ bills fit the former with only a minority in the latter. Referendum only need to apply to the latter with elected representatives and the ministries doing the former as their normal jobs.

                    • TheContrarian …
                      5 March 2013 at 2:25 pm

                      See now that’s a bit smarter. Voting on flagship policy but not the tinkering and/or housekeeping.

                      So referendum on policy like asset sales or WFF but not on smaller, housekeeping tasks, like a bill on improving the reporting of food handling by resturanteurs for example.

        • Colonial Viper 9.2.2.3
          4 March 2013 at 3:58 pm

          Democracy is a fragile thing – just ask the Greeks, and the Germans of the 1930s come to that – and think before you start a race to the bottom.

          What the fuck do either of those situations have in common with NZ today?

          The Greeks: got indebted to bankers within the financialised Eurozone system which destroyed their country, and then had a bunch of pro-capitalist pro banking political leaders screw their country over and over again.

          And you wonder why the Greek populace is restive.

          The Germans of the 1930’s built Germany into a massive industrial and technological power by ignoring conventional economic thinking and investing in nation building infrastructure, so much so that the Germans literally took on the Imperial superpowers of the day.

          You really don’t know shit Tiresas.

          • Tiresias 9.2.2.3.1
            4 March 2013 at 4:29 pm

            “What the fuck do either of those situations have in common with NZ today?”

            The Greeks, just like the Italians last year and the Germans in the 1930’s are getting anti-democratic governments as a response to financial crises – either foisted on them by their creditors as a price for not having the plug pulled completely or by popular demand. If you don’t think that could happen here you’re wearing rose-tinted specs.

            I certainly hope you’re not suggesting New Zealand the methods the Nazis used to achieve their ‘success’. However it is worth point out that part of Germany’s ignoring of conventional economic thinking was a massive re-armaments programme which benefits who, exactly? Oh, and when the war started in 1939 Germany’s national debt stood at 39 billion marks, and it’s been argued by those who do know their shit that one of the reason’s Hitler kicked-off WW2 was to avoid the economic collapse Germany faced.

            http://en.wikipedia.org/wiki/Timothy_Mason#The_.22Flight_into_war.22_theory

            • Rogue Trooper 9.2.2.3.1.1
              4 March 2013 at 4:48 pm

              just like to say, i know a wee bit about TROTTR

            • Pascal's bookie 9.2.2.3.1.2
              4 March 2013 at 4:54 pm

              Lol. All sorts of things have ‘been argued’, but that theory isn’t very compelling at all.

            • Colonial Viper 9.2.2.3.1.3
              4 March 2013 at 5:01 pm

              So the common theme between modern day Greece and pre WWII Germany is the importance of avoiding the dangers of the international banking system and debt based monetary system.

              Nothing you’ve advised helps NZ do that.

              So what the fuck are you on about?

              I certainly hope you’re not suggesting New Zealand the methods the Nazis used to achieve their ‘success’

              Well, lets be much more specific shall we?

              German industrial and engineering technology leapt ahead, as did publicly owned infrastructure designed to boost economic activity and provide a common good to all (ahem, most) citizens.

              After the war Germany kept many of those lessons, becoming a unionised engineering and export powerhouse.

              So why not learn the things we can eh?

            • Arfamo 9.2.2.3.1.4
              4 March 2013 at 7:04 pm

              Yeah, and it’s not like we have the option of autarky to get started, then taking the resources and lives of a whole heap of their citizens, and then subsequently conquering territories and grabbing their resources to try and balance the books. That economic approach probably looked good on paper, but it didn’t actually work out well as even a short term strategy for Hitler and Speer did it? 🙂

              • KJT …
                4 March 2013 at 8:20 pm

                Worked fine for Rome, The UK and the USA though.

                • Arfamo …
                  4 March 2013 at 8:29 pm

                  The Vandals sorted Rome out. Didn’t do Mussolini a lot of good. The UK doesn’t look quite so great these days, and the US looks likely to take everyone down with it if it falls over.

                  • Draco T Bastard …
                    4 March 2013 at 9:26 pm

                    And the problem with all of them is that the rulers got too big for their boots and kept demanding more. The economy was fine before the great demands of the few.

                    • Arfamo …
                      4 March 2013 at 9:41 pm

                      The rulers always get too big for their boots and demand more. It’s only the rulers who change. Big business owners and financiers are the rulers these days. But they rule by proxy through the democratic governments they control. If we, the voters, let them.

          • QoT 9.2.2.3.2
            4 March 2013 at 6:43 pm

            In terms of Tiresas’ original comment – “democracy is a fragile thing” – I’m simply dying to know what similarities there are between the political situations of 1930s Germany and 2010s New Zealand. Because I know I personally long for the proud days of the Kaiser and am filled with fervent nationalism due to propagandist spinning of our recent epic military defeat and extortionist reparation agreements to Australia.

        • bad12 9.2.2.4
          4 March 2013 at 6:22 pm

          Ah too late, the race to the bottom began in 1985…

    • muzza 9.3
      4 March 2013 at 2:09 pm

      Mary, you’re onto it – Although its really the owners/controllers of the political parties/system, who are directing the theatre.

      The mouth piece politicans, paraded as *our* democractic choices every three years, exist to action the instructions!

  10. Tiresias 10
    4 March 2013 at 2:20 pm

    I also understand Key was talking about a ‘loyalty bonus’ of extra shares going to Kiwis who hold their shares ‘long-term’ -which to him is apparently three years. I’m still holding the Contact shares I bought in 1999.

    However if this is part of the planning it means that Labour, if by some miracle it wins the next election with Shearer et al, will be bound to issue those loyalty shares to Key and his mates.

    Priceless.

  11. freedom 11
    4 March 2013 at 4:20 pm

    The announcement on Asset Sales is clear as mud but three things leap into mind
    1: “Kiwis would have to invest at least $1000. They would be guaranteed at least up to $2000 worth of shares. ” of course there was no mention of how that will be fairly apportioned (see #3 )
    2: “Mighty River Power’s 800 New Zealand based employees would be guaranteed up to $5000 worth of shares” what does “nz based” really mean , why should people who simply work for the company get 2.5 X the shares of ordinary people, sure sounds like the governement’s mates getting 2.5 X the option available to you and your mates.
    3: “Ryall declined to say how much of the 49 per cent which had been put up for sale would go to retail investors. ” so basically we all know as much as we did yesterday.

    http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10869016

    notice the immediate discrepancy in the two stories? according to the herald, Mighty river staff get offered 5000 shares not just $5000 dollars of shares. So confusion and diversionary tactics at the outset. This is straight out of the Scam the People playbook.

    • Lanthanide 11.1
      4 March 2013 at 5:07 pm

      “So confusion and diversionary tactics at the outset. ”
      Don’t ascribe to malice that which can be easily ascribed to incompetence.

    • freedom 11.2
      4 March 2013 at 7:34 pm

      note: the herald have since edited the story to “$5000”
      (and as expected without a hint of a retraction. It is a small detail but don’t details still matter? )

    • Dv 11.3
      5 March 2013 at 2:44 pm

      AND they are going to allow up to 40 % of the float to go overseas.

  12. gobsmacked 12
    4 March 2013 at 4:57 pm

    Shearer to be interviewed on this now (Radio Live, after news).

    • gobsmacked 12.1
      4 March 2013 at 5:28 pm

      The interview (may be online later) was pretty typical Shearer … the first 2-3 minutes was fine, very clear with his prepared lines. Then Garner pushed further, with 3 predictable questions:

      Will you buy shares? – No.

      Then:
      Will your KiwiSaver provider buy shares?
      Will any of your MPs buy shares?

      Shearer sounded as though he hadn’t expected the questions. Why not?

      The i-view wasn’t a disaster, but it showed (as usual) his inability to cope with anything from left field.

      • QoT 12.1.1
        4 March 2013 at 6:47 pm

        his inability to cope with anything from left field

        *rimshot*

      • Arfamo 12.1.2
        4 March 2013 at 7:40 pm

        If this interview is online later – can somebody post a link?

      • infused 12.1.3
        4 March 2013 at 7:55 pm

        He was on talkback as well, and fumbled when asked “Would Labour buy them back” Dodging the question twice.

        • Arfamo 12.1.3.1
          4 March 2013 at 8:04 pm

          For chrissake!! How long have they freakin had to by now have worked up a freakin position on this?

  13. The Al1en 13
    4 March 2013 at 6:09 pm

    No point in pointing out the obvious, I suppose, but we lost this battle, good hiding style.

    No matter how many signatures have been collected, no matter how all single issue polls support keeping our assets, Goff fucked it in ’11 and really, from then on in, it’s been all over, Rover.

    Labour’s failure to oppose has allowed this to happen.
    Already looks like history repeating in ’14.

  14. Arfamo 14
    4 March 2013 at 7:37 pm

    They’re talking about selling 3 more aren’t they? If they get four power companies flogged off before the next election, we’re stuffed. I can’t see any way a new government can nationalise them all without drying up overseas investment. I’m quite interested in the suggestion someone made earlier though that a new government with a 51% shareholding could maybe effectively take over the board and finesse them back into public ownership over time.

    • Draco T Bastard 14.1
      5 March 2013 at 6:59 am

      I can’t see any way a new government can nationalise them all without drying up overseas investment.

      We don’t need overseas investment and never have done. Why would we need foreign money to use resources we already own?

  15. Arfamo 15
    5 March 2013 at 8:51 am

    I’m no economist Draco and I wish we could be completely self-reliant, but I imagine if all foreign investment in NZ suddenly dried up we’d be in crisis. I don’t think the NZ-owned capital market is big enough to fund the entire economy, and our government couldn’t do it on taxes alone. But if you’ve got a link to anything produced by anyone showing how we could run a completely internally funded self-sufficient economy I’d love to read them.

    • Draco T Bastard 15.1
      5 March 2013 at 11:37 am

      I don’t think the NZ-owned capital market is big enough to fund the entire economy, and our government couldn’t do it on taxes alone.

      The government could do it. It’s the power of being a sovereign nation capable of printing the states money so as to utilise the states assets and resources effectively. The assets and resources that we already own – the infrastructure of a developed nation, the skills of our people and the resources within the borders.

      And I didn’t say anything about trade or self-sufficiency.

      • Arfamo 15.1.1
        5 March 2013 at 12:10 pm

        Apologies. I must have misinterpreted what you were saying. But I’m quite lost now if you’re saying the government could fund the entire economy. I see no good reason for the Nats to partially privatise the power companies except the obvious one to drag in money to try and plug the hole left by the unaffordable tax cuts and their current borrowing. Just reversing the tax cuts would probably fix the hole faster. But they’ll never do that. So Shearer should say he will. But he won’t. He doesn’t know what he’ll do. Labour’s rooted with him in the front passenger seat pretending to be the driver.

        • Draco T Bastard 15.1.1.1
          5 March 2013 at 2:57 pm

          But I’m quite lost now if you’re saying the government could fund the entire economy.

          Our entire economy is founded upon the resources we have here in NZ. As we already own these resources it’s just a question of using them. Money is a tool to do that but importing money doesn’t bring about any more ability to use those resources than what we already have. As this is true the only thing the government would need to do to bring about the use of those resources is to print the money and spend it into the economy. In this case taxes become a tool to prevent excess inflation, as well as payment for services rendered, by keeping the total money supply balanced.

          • Arfamo 15.1.1.1.1
            5 March 2013 at 4:11 pm

            Whoops sorry – posted this in wrong place. Sounds great. What country is using this system? I’ll check them out.

            • Colonial Viper 15.1.1.1.1.1
              5 March 2013 at 4:14 pm

              The entire global economy is filled by sovereigns trapped by this 400 year old banker run debt-based money system.

            • Draco T Bastard 15.1.1.1.1.2
              5 March 2013 at 4:29 pm

              We did. Worked to but the banks and other capitalists don’t like it as it removes the country’s dependency from them and thus the power they have.

            • Draco T Bastard 15.1.1.1.1.3
              5 March 2013 at 4:40 pm

              The thing that you don’t seem to comprehend is that money has to come from somewhere. There’s a few options but the one we use is the one where the private banks print money into the economy and charge interest on it. This is a system that, quite simply, doesn’t work as the interest is on top of the principal loaned and thus the only way it can be paid back is if another loan is created which also bears interest.

              This results in an inevitable credit crises when the debt is so high that it can’t be paid back – just like we just saw with the GFC. In fact, paying back the loans will actually cause the economy to collapse as it will remove money from circulation. The only reason why the economy hasn’t collapsed so far is because of a number of nations printing money hand over fist but it’s not bring the world out of recession because it’s all going to the private banks.

              The system I’m describing is one where the nation state prints the money, with no interest, and spends it directly into the economy. It would be spent on necessary services such as electricity, telecommunications and other ubiquitous needs. Generally speaking, the stuff that the society can’t do without.

              Money from that spending would be spent into the private sector which would be small and when it falls over, which it does frequently, it won’t hurt the people or even the economy.

  16. Arfamo 16
    5 March 2013 at 4:09 pm

    Sounds great. What country is using this system? I’ll check them out.

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    Back in January a StatsNZ employee gave a speech at Rātana on behalf of tangata whenua in which he insulted and criticised the government. The speech clearly violated the principle of a neutral public service, and StatsNZ started an investigation. Part of that was getting an external consultant to examine ...
    No Right TurnBy Idiot/Savant
    4 days ago
  • Are we fine with 47.9% home-ownership by 2048?

    Renting for life: Shared ownership initiatives are unlikely to slow the slide in home ownership by much. Photo: Lynn Grieveson / The KākāTL;DR: The top six things I’ve noted around housing, climate and poverty in Aotearoa’s political economy today are:A Deloitte report for Westpac has projected Aotearoa’s home-ownership rate will ...
    The KakaBy Bernard Hickey
    4 days ago
  • Let's Win This

    You're broken down and tiredOf living life on a merry go roundAnd you can't find the fighterBut I see it in you so we gonna walk it outAnd move mountainsWe gonna walk it outAnd move mountainsAnd I'll rise upI'll rise like the dayI'll rise upI'll rise unafraidI'll rise upAnd I'll ...
    Nick’s KƍreroBy Nick Rockel
    4 days ago
  • Waimahara: The Singing Spirit of Water

    There’s been a change in Myers Park. Down the steps from St. Kevin’s Arcade, past the grassy slopes, the children’s playground, the benches and that goat statue, there has been a transformation. The underpass for Mayoral Drive has gone from a barren, grey, concrete tunnel, to a place that thrums ...
    Greater AucklandBy Connor Sharp
    4 days ago
  • A major milestone: Global climate pollution may have just peaked

    This is a re-post from Yale Climate Connections Global society may have finally slammed on the brakes for climate-warming pollution released by human fossil fuel combustion. According to the Carbon Monitor Project, the total global climate pollution released between February and May 2024 declined slightly from the amount released during the same ...
    Skeptical Science
    4 days ago
  • The Kākā’s Pick 'n' Mix for Tuesday, July 23

    TL;DR: My pick of the top six links elsewhere around housing, climate and poverty in Aotearoa’s political economy in the last day or so to 7:00 am on Tuesday, July 23 are:Deep Dive: Penlink: where tolling rhetoric meets reality BusinessDesk-$$$’s Oliver LewisScoop: Te Pūkenga plans for regional polytechs leak out ...
    The KakaBy Bernard Hickey
    4 days ago
  • The Kākā’s Journal of Record for Tuesday, July 23

    TL;DR: As of 6:00 am on Tuesday, July 23, the top six announcements, speeches, reports and research around housing, climate and poverty in Aotearoa’s political economy in the last day are:Health: Shane Reti announced the Board of Te Whatu Ora- Health New Zealand was being replaced with Commissioner Lester Levy ...
    The KakaBy Bernard Hickey
    4 days ago
  • HealthNZ and Luxon at cross purposes over budget blowout

    Health NZ warned the Government at the end of March that it was running over Budget. But the reasons it gave were very different to those offered by the Prime Minister yesterday. Prime Minister Christopher Luxon blamed the “botched merger” of the 20 District Health Boards (DHBs) to create Health ...
    PolitikBy Richard Harman
    4 days ago
  • 2500-3000 more healthcare staff expected to be fired, as Shane Reti blames Labour for a budget defic...

    Long ReadKey Summary: Although National increased the health budget by $1.4 billion in May, they used an old funding model to project health system costs, and never bothered to update their pre-election numbers. They were told during the Health Select Committees earlier in the year their budget amount was deficient, ...
    Mountain TuiBy Mountain Tui
    4 days ago
  • Might Kamala Harris be about to get a 'stardust' moment like Jacinda Ardern?

    As a momentous, historic weekend in US politics unfolded, analysts and commentators grasped for precedents and comparisons to help explain the significance and power of the choice Joe Biden had made. The 46th president had swept the Democratic party’s primaries but just over 100 days from the election had chosen ...
    PunditBy Tim Watkin
    5 days ago
  • Solutions Interview: Steven Hail on MMT & ecological economics

    TL;DR: I’m casting around for new ideas and ways of thinking about Aotearoa’s political economy to find a few solutions to our cascading and self-reinforcing housing, poverty and climate crises.Associate Professor runs an online masters degree in the economics of sustainability at Torrens University in Australia and is organising ...
    The KakaBy Steven Hail
    5 days ago
  • Reported back

    The Finance and Expenditure Committee has reported back on National's Local Government (Water Services Preliminary Arrangements) Bill. The bill sets up water for privatisation, and was introduced under urgency, then rammed through select committee with no time even for local councils to make a proper submission. Naturally, national's select committee ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • Vandrad the Viking, Christopher Coombes, and Literary Archaeology

    Some years ago, I bought a book at Dunedin’s Regent Booksale for $1.50. As one does. Vandrad the Viking (1898), by J. Storer Clouston, is an obscure book these days – I cannot find a proper online review – but soon it was sitting on my shelf, gathering dust alongside ...
    A Phuulish FellowBy strda221
    5 days ago
  • Gordon Campbell On The Biden Withdrawal

    History is not on the side of the centre-left, when Democratic presidents fall behind in the polls and choose not to run for re-election. On both previous occasions in the past 75 years (Harry Truman in 1952, Lyndon Johnson in 1968) the Democrats proceeded to then lose the White House ...
    WerewolfBy lyndon
    5 days ago
  • Joe Biden's withdrawal puts the spotlight back on Kamala and the USA's complicated relatio...

    This is a free articleCoverageThis morning, US President Joe Biden announced his withdrawal from the Presidential race. And that is genuinely newsworthy. Thanks for your service, President Biden, and all the best to you and yours.However, the media in New Zealand, particularly the 1News nightly bulletin, has been breathlessly covering ...
    Mountain TuiBy Mountain Tui
    5 days ago
  • Why we have to challenge our national fiscal assumptions

    A homeless person’s camp beside a blocked-off slipped damage walkway in Freeman’s Bay: we are chasing our tail on our worsening and inter-related housing, poverty and climate crises. Photo: Photo: Lynn Grieveson / The KākāTL;DR: The top six things I’ve noted around housing, climate and poverty in Aotearoa’s political economy ...
    The KakaBy Bernard Hickey
    5 days ago
  • Existential Crisis and Damaged Brains

    What has happened to it all?Crazy, some'd sayWhere is the life that I recognise?(Gone away)But I won't cry for yesterdayThere's an ordinary worldSomehow I have to findAnd as I try to make my wayTo the ordinary worldYesterday morning began as many others - what to write about today? I began ...
    Nick’s KƍreroBy Nick Rockel
    5 days ago
  • A speed limit is not a target, and yet


    This is a guest post from longtime supporter Mr Plod, whose previous contributions include a proposal that Hamilton become New Zealand’s capital city, and that we should switch which side of the road we drive on. A recent Newsroom article, “Back to school for the Govt’s new speed limit policy“, ...
    Greater AucklandBy Guest Post
    5 days ago
  • The Kākā’s Pick 'n' Mix for Monday, July 22

    TL;DR: My pick of the top six links elsewhere around housing, climate and poverty in Aotearoa’s political economy in the last day or so to 7:00 am on Monday, July 22 are:Today’s Must Read: Father and son live in a tent, and have done for four years, in a million ...
    The KakaBy Bernard Hickey
    5 days ago
  • The Kākā’s Journal of Record for Monday, July 22

    TL;DR: As of 7:00 am on Monday, July 22, the top six announcements, speeches, reports and research around housing, climate and poverty in Aotearoa’s political economy in the last day are:US President Joe Biden announced via X this morning he would not stand for a second term.Multinational professional services firm ...
    The KakaBy Bernard Hickey
    5 days ago
  • 2024 SkS Weekly Climate Change & Global Warming News Roundup #29

    A listing of 32 news and opinion articles we found interesting and shared on social media during the past week: Sun, July 14, 2024 thru Sat, July 20, 2024. Story of the week As reflected by preponderance of coverage, our Story of the Week is Project 2025. Until now traveling ...
    Skeptical Science
    6 days ago
  • I'd like to share what I did this weekend

    This weekend, a friend pointed out someone who said they’d like to read my posts, but didn’t want to pay. And my first reaction was sympathy.I’ve already told folks that if they can’t comfortably subscribe, and would like to read, I’d be happy to offer free subscriptions. I don’t want ...
    Mountain TuiBy Mountain Tui
    6 days ago
  • For the children – Why mere sentiment can be a misleading force in our lives, and lead to unex...

    National: The Party of ‘Law and Order’ IntroductionThis weekend, the Government formally kicked off one of their flagship policy programs: a military style boot camp that New Zealand has experimented with over the past 50 years. Cartoon credit: Guy BodyIt’s very popular with the National Party’s Law and Order image, ...
    Mountain TuiBy Mountain Tui
    6 days ago
  • A friend in uncertain times

    Day one of the solo leg of my long journey home begins with my favourite sound: footfalls in an empty street. 5.00 am and it’s already light and already too warm, almost.If I can make the train that leaves Budapest later this hour I could be in Belgrade by nightfall; ...
    More Than A FeildingBy David Slack
    6 days ago
  • The Chaotic World of Male Diet Influencers

    Hi,We’ll get to the horrific world of male diet influencers (AKA Beefy Boys) shortly, but first you will be glad to know that since I sent out the Webworm explaining why the assassination attempt on Donald Trump was not a false flag operation, I’ve heard from a load of people ...
    David FarrierBy David Farrier
    6 days ago
  • It's Starting To Look A Lot Like… Y2K

    Do you remember Y2K, the threat that hung over humanity in the closing days of the twentieth century? Horror scenarios of planes falling from the sky, electronic payments failing and ATMs refusing to dispense cash. As for your VCR following instructions and recording your favourite show - forget about it.All ...
    Nick’s KƍreroBy Nick Rockel
    1 week ago
  • Bernard’s Saturday Soliloquy for the week to July 20

    Climate Change Minister Simon Watts being questioned by The Kākā’s Bernard Hickey.TL;DR: My top six things to note around housing, climate and poverty in Aotearoa’s political economy in the week to July 20 were:1. A strategy that fails Zero Carbon Act & Paris targetsThe National-ACT-NZ First Coalition Government finally unveiled ...
    The KakaBy Bernard Hickey
    1 week ago
  • Pharmac Director, Climate Change Commissioner, Health NZ Directors – The latest to quit this m...

    Summary:As New Zealand loses at least 12 leaders in the public service space of health, climate, and pharmaceuticals, this month alone, directly in response to the Government’s policies and budget choices, what lies ahead may be darker than it appears. Tui examines some of those departures and draws a long ...
    Mountain TuiBy Mountain Tui
    1 week ago
  • Flooding Housing Policy

    The Minister of Housing’s ambition is to reduce markedly the ratio of house prices to household incomes. If his strategy works it would transform the housing market, dramatically changing the prospects of housing as an investment.Leaving aside the Minister’s metaphor of ‘flooding the market’ I do not see how the ...
    PunditBy Brian Easton
    1 week ago
  • A Voyage Among the Vandals: Accepted (Again!)

    As previously noted, my historical fantasy piece, set in the fifth-century Mediterranean, was accepted for a Pirate Horror anthology, only for the anthology to later fall through. But in a good bit of news, it turned out that the story could indeed be re-marketed as sword and sorcery. As of ...
    A Phuulish FellowBy strda221
    1 week ago
  • The Kākā's Chorus for Friday, July 19

    An employee of tobacco company Philip Morris International demonstrates a heated tobacco device. Photo: Getty ImagesTL;DR: The top six things I’ve noted around housing, climate and poverty in Aotearoa’s political economy on Friday, July 19 are:At a time when the Coalition Government is cutting spending on health, infrastructure, education, housing ...
    The KakaBy Bernard Hickey
    1 week ago
  • The Kākā’s Pick 'n' Mix for Friday, July 19

    TL;DR: My pick of the top six links elsewhere around housing, climate and poverty in Aotearoa’s political economy in the last day or so to 8:30 am on Friday, July 19 are:Scoop: NZ First Minister Casey Costello orders 50% cut to excise tax on heated tobacco products. The minister has ...
    The KakaBy Bernard Hickey
    1 week ago
  • Weekly Roundup 19-July-2024

    Kia ora, it’s time for another Friday roundup, in which we pull together some of the links and stories that caught our eye this week. Feel free to add more in the comments! Our header image this week shows a foggy day in Auckland town, captured by Patrick Reynolds. ...
    Greater AucklandBy Greater Auckland
    1 week ago
  • Weekly Climate Wrap: A market-led plan for failure

    TL;DR : Here’s the top six items climate news for Aotearoa this week, as selected by Bernard Hickey and The Kākā’s climate correspondent Cathrine Dyer. A discussion recorded yesterday is in the video above and the audio of that sent onto the podcast feed.The Government released its draft Emissions Reduction ...
    The KakaBy Bernard Hickey
    1 week ago
  • Tobacco First

    Save some money, get rich and old, bring it back to Tobacco Road.Bring that dynamite and a crane, blow it up, start all over again.Roll up. Roll up. Or tailor made, if you prefer...Whether you’re selling ciggies, digging for gold, catching dolphins in your nets, or encouraging folks to flutter ...
    Nick’s KƍreroBy Nick Rockel
    1 week ago
  • Trump’s Adopted Son.

    Waiting In The Wings: For truly, if Trump is America’s un-assassinated Caesar, then J.D. Vance is America’s Octavian, the Republic’s youthful undertaker – and its first Emperor.DONALD TRUMP’S SELECTION of James D. Vance as his running-mate bodes ill for the American republic. A fervent supporter of Viktor Orban, the “illiberal” prime ...
    Bowalley Road
    1 week ago
  • The Kākā’s Journal of Record for Friday, July 19

    TL;DR: As of 6:00 am on Friday, July 19, the top six announcements, speeches, reports and research around housing, climate and poverty in Aotearoa’s political economy in the last day are:The PSA announced the Employment Relations Authority (ERA) had ruled in the PSA’s favour in its case against the Ministry ...
    The KakaBy Bernard Hickey
    1 week ago
  • The Hoon around the week to July 19

    TL;DR: The podcast above of the weekly ‘hoon’ webinar for paying subscribers last night features co-hosts and talking with:The Kākā’s climate correspondent talking about the National-ACT-NZ First Government’s release of its first Emissions Reduction Plan;University of Otago Foreign Relations Professor and special guest Dr Karin von ...
    The KakaBy Bernard Hickey
    1 week ago
  • Skeptical Science New Research for Week #29 2024

    Open access notables Improving global temperature datasets to better account for non-uniform warming, Calvert, Quarterly Journal of the Royal Meteorological Society: To better account for spatial non-uniform trends in warming, a new GITD [global instrumental temperature dataset] was created that used maximum likelihood estimation (MLE) to combine the land surface ...
    Skeptical Science
    1 week ago

  • Joint statement from the Prime Ministers of Canada, Australia and New Zealand

    Australia, Canada and New Zealand today issued the following statement on the need for an urgent ceasefire in Gaza and the risk of expanded conflict between Hizballah and Israel. The situation in Gaza is catastrophic. The human suffering is unacceptable. It cannot continue.  We remain unequivocal in our condemnation of ...
    BeehiveBy beehive.govt.nz
    16 hours ago
  • AG reminds institutions of legal obligations

    Attorney-General Judith Collins today reminded all State and faith-based institutions of their legal obligation to preserve records relevant to the safety and wellbeing of those in its care. “The Abuse in Care Inquiry’s report has found cases where records of the most vulnerable people in State and faith‑based institutions were ...
    BeehiveBy beehive.govt.nz
    19 hours ago
  • More young people learning about digital safety

    Minister of Internal Affairs Brooke van Velden says the Government’s online safety website for children and young people has reached one million page views.  “It is great to see so many young people and their families accessing the site Keep It Real Online to learn how to stay safe online, and manage ...
    BeehiveBy beehive.govt.nz
    19 hours ago
  • Speech to the Conference for General Practice 2024

    Tēnā tātou katoa,  Ngā mihi te rangi, ngā mihi te whenua, ngā mihi ki a koutou, kia ora mai koutou. Thank you for the opportunity to be here and the invitation to speak at this 50th anniversary conference. I acknowledge all those who have gone before us and paved the ...
    BeehiveBy beehive.govt.nz
    22 hours ago
  • Employers and payroll providers ready for tax changes

    New Zealand’s payroll providers have successfully prepared to ensure 3.5 million individuals will, from Wednesday next week, be able to keep more of what they earn each pay, says Finance Minister Nicola Willis and Revenue Minister Simon Watts.  “The Government's tax policy changes are legally effective from Wednesday. Delivering this tax ...
    BeehiveBy beehive.govt.nz
    23 hours ago
  • Experimental vineyard futureproofs wine industry

    An experimental vineyard which will help futureproof the wine sector has been opened in Blenheim by Associate Regional Development Minister Mark Patterson. The covered vineyard, based at the New Zealand Wine Centre – Te PokapĆ« Wāina o Aotearoa, enables controlled environmental conditions. “The research that will be produced at the Experimental ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Funding confirmed for regions affected by North Island Weather Events

    The Coalition Government has confirmed the indicative regional breakdown of North Island Weather Event (NIWE) funding for state highway recovery projects funded through Budget 2024, Transport Minister Simeon Brown says. “Regions in the North Island suffered extensive and devastating damage from Cyclone Gabrielle and the 2023 Auckland Anniversary Floods, and ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Indonesian Foreign Minister to visit

    Indonesia’s Foreign Minister, Retno Marsudi, will visit New Zealand next week, Foreign Minister Winston Peters has announced.   “Indonesia is important to New Zealand’s security and economic interests and is our closest South East Asian neighbour,” says Mr Peters, who is currently in Laos to engage with South East Asian partners. ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Strengthening partnership with Ngāti Maniapoto

    He aha te kai a te rangatira? He kƍrero, he kƍrero, he kƍrero. The government has reaffirmed its commitment to supporting the aspirations of Ngāti Maniapoto, Minister for Māori Development Tama Potaka says. “My thanks to Te Nehenehenui Trust – Ngāti Maniapoto for bringing their important kƍrero to a ministerial ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Transport Minister thanks outgoing CAA Chair

    Transport Minister Simeon Brown has thanked outgoing Chair of the Civil Aviation Authority, Janice Fredric, for her service to the board.“I have received Ms Fredric’s resignation from the role of Chair of the Civil Aviation Authority,” Mr Brown says.“On behalf of the Government, I want to thank Ms Fredric for ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Test for Customary Marine Title being restored

    The Government is proposing legislation to overturn a Court of Appeal decision and amend the Marine and Coastal Area Act in order to restore Parliament’s test for Customary Marine Title, Treaty Negotiations Minister Paul Goldsmith says.  “Section 58 required an applicant group to prove they have exclusively used and occupied ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Opposition united in bad faith over ECE sector review

    Regulation Minister David Seymour says that opposition parties have united in bad faith, opposing what they claim are ‘dangerous changes’ to the Early Childhood Education sector, despite no changes even being proposed yet.  “Issues with affordability and availability of early childhood education, and the complexity of its regulation, has led ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Kiwis having their say on first regulatory review

    After receiving more than 740 submissions in the first 20 days, Regulation Minister David Seymour is asking the Ministry for Regulation to extend engagement on the early childhood education regulation review by an extra two weeks.  “The level of interest has been very high, and from the conversations I’ve been ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government upgrading Lower North Island commuter rail

    The Coalition Government is investing $802.9 million into the Wairarapa and Manawatƫ rail lines as part of a funding agreement with the NZ Transport Agency (NZTA), KiwiRail, and the Greater Wellington and Horizons Regional Councils to deliver more reliable services for commuters in the lower North Island, Transport Minister Simeon ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government moves to ensure flood protection for Wairoa

    Local Government Minister Simeon Brown has announced his intention to appoint a Crown Manager to both Hawke’s Bay Regional and Wairoa District Councils to speed up the delivery of flood protection work in Wairoa."Recent severe weather events in Wairoa this year, combined with damage from Cyclone Gabrielle in 2023 have ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • PM speech to Parliament – Royal Commission of Inquiry’s Report into Abuse in Care

    Mr Speaker, this is a day that many New Zealanders who were abused in State care never thought would come. It’s the day that this Parliament accepts, with deep sorrow and regret, the Report of the Royal Commission of Inquiry into Abuse in Care.  At the heart of this report are the ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government acknowledges torture at Lake Alice

    For the first time, the Government is formally acknowledging some children and young people at Lake Alice Psychiatric Hospital experienced torture. The final report of the Royal Commission of Inquiry into Abuse in State and Faith-based Care “Whanaketia – through pain and trauma, from darkness to light,” was tabled in Parliament ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government acknowledges courageous abuse survivors

    The Government has acknowledged the nearly 2,400 courageous survivors who shared their experiences during the Royal Commission of Inquiry into Historical Abuse in State and Faith-Based Care. The final report from the largest and most complex public inquiry ever held in New Zealand, the Royal Commission Inquiry “Whanaketia – through ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Half a million people use tax calculator

    With a week to go before hard-working New Zealanders see personal income tax relief for the first time in fourteen years, 513,000 people have used the Budget tax calculator to see how much they will benefit, says Finance Minister Nicola Willis.  “Tax relief is long overdue. From next Wednesday, personal income ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Paid Parental Leave improvements pass first reading

    Workplace Relations and Safety Minister Brooke van Velden says a bill that has passed its first reading will improve parental leave settings and give non-biological parents more flexibility as primary carer for their child. The Regulatory Systems Amendment Bill (No3), passed its first reading this morning. “It includes a change ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Rebuilding the economy through better regulation

    Two Bills designed to improve regulation and make it easier to do business have passed their first reading in Parliament, says Economic Development Minister Melissa Lee. The Regulatory Systems (Economic Development) Amendment Bill and Regulatory Systems (Immigration and Workforce) Amendment Bill make key changes to legislation administered by the Ministry ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • ‘Open banking’ and ‘open electricity’ on the way

    New legislation paves the way for greater competition in sectors such as banking and electricity, Commerce and Consumer Affairs Minister Andrew Bayly says. “Competitive markets boost productivity, create employment opportunities and lift living standards. To support competition, we need good quality regulation but, unfortunately, a recent OECD report ranked New ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Charity lotteries to be permitted to operate online

    Minister of Internal Affairs Brooke van Velden says lotteries for charitable purposes, such as those run by the Heart Foundation, Coastguard NZ, and local hospices, will soon be allowed to operate online permanently. “Under current laws, these fundraising lotteries are only allowed to operate online until October 2024, after which ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Accelerating Northland Expressway

    The Coalition Government is accelerating work on the new four-lane expressway between Auckland and Whangārei as part of its Roads of National Significance programme, with an accelerated delivery model to deliver this project faster and more efficiently, Transport Minister Simeon Brown says. â€œFor too long, the lack of resilient transport connections ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Sir Don to travel to Viet Nam as special envoy

    Sir Don McKinnon will travel to Viet Nam this week as a Special Envoy of the Government, Foreign Minister Winston Peters has announced.    “It is important that the Government give due recognition to the significant contributions that General Secretary Nguyen Phu Trong made to New Zealand-Viet Nam relations,” Mr ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Grant Illingworth KC appointed as transitional Commissioner to Royal Commission

    Minister of Internal Affairs Brooke van Velden says newly appointed Commissioner, Grant Illingworth KC, will help deliver the report for the first phase of the Royal Commission of Inquiry into COVID-19 Lessons, due on 28 November 2024.  “I am pleased to announce that Mr Illingworth will commence his appointment as ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • NZ to advance relationships with ASEAN partners

    Foreign Minister Winston Peters travels to Laos this week to participate in a series of Association of Southeast Asian Nations (ASEAN)-led Ministerial meetings in Vientiane.    “ASEAN plays an important role in supporting a peaceful, stable and prosperous Indo-Pacific,” Mr Peters says.   “This will be our third visit to ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Backing mental health services on the West Coast

    Construction of a new mental health facility at Te Nikau Grey Hospital in Greymouth is today one step closer, Mental Health Minister Matt Doocey says. “This $27 million facility shows this Government is delivering on its promise to boost mental health care and improve front line services,” Mr Doocey says. ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • NZ support for sustainable Pacific fisheries

    New Zealand is committing nearly $50 million to a package supporting sustainable Pacific fisheries development over the next four years, Foreign Minister Winston Peters and Oceans and Fisheries Minister Shane Jones announced today. “This support consisting of a range of initiatives demonstrates New Zealand’s commitment to assisting our Pacific partners ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Students’ needs at centre of new charter school adjustments

    Associate Education Minister David Seymour says proposed changes to the Education and Training Amendment Bill will ensure charter schools have more flexibility to negotiate employment agreements and are equipped with the right teaching resources. “Cabinet has agreed to progress an amendment which means unions will not be able to initiate ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Commissioner replaces Health NZ Board

    In response to serious concerns around oversight, overspend and a significant deterioration in financial outlook, the Board of Health New Zealand will be replaced with a Commissioner, Health Minister Dr Shane Reti announced today.  “The previous government’s botched health reforms have created significant financial challenges at Health NZ that, without ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Minister to speak at Australian Space Forum

    Minister for Space and Science, Innovation and Technology Judith Collins will travel to Adelaide tomorrow for space and science engagements, including speaking at the Australian Space Forum.  While there she will also have meetings and visits with a focus on space, biotechnology and innovation.  “New Zealand has a thriving space ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Climate Change Minister to attend climate action meeting in China

    Climate Change Minister Simon Watts will travel to China on Saturday to attend the Ministerial on Climate Action meeting held in Wuhan.  “Attending the Ministerial on Climate Action is an opportunity to advocate for New Zealand climate priorities and engage with our key partners on climate action,” Mr Watts says. ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Oceans and Fisheries Minister to Solomons

    Oceans and Fisheries Minister Shane Jones is travelling to the Solomon Islands tomorrow for meetings with his counterparts from around the Pacific supporting collective management of the region’s fisheries. The 23rd Pacific Islands Forum Fisheries Committee and the 5th Regional Fisheries Ministers’ Meeting in Honiara from 23 to 26 July ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Government launches Military Style Academy Pilot

    The Government today launched the Military Style Academy Pilot at Te Au rere a te Tonga Youth Justice residence in Palmerston North, an important part of the Government’s plan to crackdown on youth crime and getting youth offenders back on track, Minister for Children, Karen Chhour said today. “On the ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Nine priority bridge replacements to get underway

    The Government has welcomed news the NZ Transport Agency (NZTA) has begun work to replace nine priority bridges across the country to ensure our state highway network remains resilient, reliable, and efficient for road users, Transport Minister Simeon Brown says.“Increasing productivity and economic growth is a key priority for the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Update on global IT outage

    Acting Prime Minister David Seymour has been in contact throughout the evening with senior officials who have coordinated a whole of government response to the global IT outage and can provide an update. The Department of the Prime Minister and Cabinet has designated the National Emergency Management Agency as the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand, Japan renew Pacific partnership

    New Zealand and Japan will continue to step up their shared engagement with the Pacific, Foreign Minister Winston Peters says.    “New Zealand and Japan have a strong, shared interest in a free, open and stable Pacific Islands region,” Mr Peters says.    “We are pleased to be finding more ways ...
    BeehiveBy beehive.govt.nz
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  • New infrastructure energises BOP forestry towns

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