Laundering earnings vs laundering money

Written By: - Date published: 4:49 pm, May 13th, 2016 - 35 comments
Categories: capitalism, class war, colonialism, Economy, International, kiwisaver, loan sharks, Mining, overseas investment, tax - Tags: , , ,

Prof Michael Hudson, economist, 1/8th Chippewa indian, whose father was a Trotsky stalwart, recently appeared on RT’s Keiser Report.

Hudson was promoting his new book “Killing the Host,” on how financial parasites and debt bondage is destroying the civilised world.

The following is my interpretation of a few things that Hudson said to Max Keiser during episode 910 of the Keiser Report:

Keiser Report Hudson

Hudson worked for Chase Manhattan Bank (these days part of JP Morgan) in the late 1960s and helped do work for the US government in developing the financial rationale for tax havens.

The US Government of the day was facing a severe balance of payments crisis, partly due to needing to pay for the Vietnam War. Michael Hudson, as an employee of Chase Manhattan Bank, was asked how much money the US could get flowing in from cash rich international criminal enterprises, in order to fix this balance of payments hole.

I presume this meant everything from gunrunners to drug cartels to prostitution and human trafficking.

The US also eliminated the witholding tax on US Treasuries to further incentivise cashed up criminal enterprises to invest in (i.e. lend to) the US government. Essentially, the US wanted to replace Switzerland as the place where criminal enterprises stashed their large cash takings.

Also while at Chase Manhattan, one of the clients Hudson serviced was Standard Oil. A Standard Oil executive carefully explained to a young Hudson how from his New York Standard Oil office, the executive could decide with a stroke of a pen where exactly in the world Standard Oil would make its profits for the coming year and where it would make its losses, in order to get the best tax result for the shareholders.

This is where Panama becomes relevant. Central_America_Map

Michael Hudson says that in some ways, Panama cannot be considered a real country – it does not have its own currency (it uses the USD) and it does not have its own income tax system.

Panama was originally used by the oil industry and mining industry in the 1920s to set up their system of “flags of convenience.” In other words, Panama was set up as the location where these huge companies decided to attribute their worldwide profits to, via their “shipping affiliates” and other associated companies.

In this complex system, various oil corporations’ massive capital investment in deep sea drilling rigs and gigantic oil refineries are all financially designed to provide the parent corporations with zero return on investment. Hudson says that the gargantuan and very expensive infrastructure end up run as charities which sOil_rig_2336975bubsidise the very profitable operation of the international (i.e. tax haven based) shipping and sales affiliates of the parent corporation.

Another great aspect of Panama to these corporations it is no more than an extension of the the US financial system. Back in 1967, for reasons already discussed, the US government convinced major US banks to open branches there. This meant that a US corporate could deposit money into a Panamanian branch of a big US bank, pay whatever taxes Panama required on those monies (none), and then access the funds straight away via a New York City branch of the same bank.

I would not be surprised if physical money and checks could be deposited into the New York premises of such a bank. The bank teller would simply credit the deposit to an account ostensibly held by the Panamanian branch of the bank. Which might potentially be nothing more than an office cubicle in Panama City with a name plaque, desk and fax machine inside.chase

The money would never actually leave the US, although it would appear as a current account flow.

Hudson says that many other industries have now adopted the efficient tax operations pioneered by the oil and mining industries.

To be clear, the activity carried out is that of laundering earnings, not of laundering money. Hudson differentiates between the two. In laundering money, the true owners of the money attempt to conceal how the money was obtained, where the money came from, and who it belongs to. A system which Hudson refers to as a “Veil of Tiers” (i.e. a complex hierarchy of shell organisations) is used to obscure these details.

In contrast, when laundering earnings, corporations like Apple are completely upfront about where the money came from, who it belongs to, who the directors of the company are and who the shareholders are.

The aim therefore is not to obscure any of those details, the aim is simply to minimise the tax those monies are subject to by making it look like the profits are legitimately made in Panama. (Or in Ireland, as is the case with Apple, Microsoft, Pfizer and Google).

In my view, and in this context, the fact that Key turned NZ into an international tax haven is partially irrelevant. In contrast, why he did it is everything.

 

 

 

35 comments on “Laundering earnings vs laundering money ”

  • Comments are now closed

  1. Paul 1
    13 May 2016 at 5:47 pm

    Thank.
    Most interesting.

    • Chooky 1.1
      14 May 2016 at 9:27 am

      +100…the crux is …”the fact that Key turned NZ into an international tax haven …WHY he did it is everything”.

      WHY… is the tip of the iceberg imo..it is a signpost as to what he is doing elsewhere unseen and what his values are…the fact that he has the lawyer he does is also a sign post ( does he have similar tax avoiding trusts overseas?…questions need to be asked in Parliament)

      …he is probably the worst and most corrupt PM New Zealand has ever had

      …PMs and MPs should be totally transparent about what they do with their money, how they get it , and tax…their position is one of responsibility to a nation and to New Zealanders….they should not be rorting New Zealanders

      National Party members should also be asking questions and examining who and what they are voting for

    • WILD KATIPO 1.2
      15 May 2016 at 12:06 am

      Here’s a few interesting explanations :

      ‘How does a country benefit from from the rich storing their money there? ‘…

      You put the money into a bank in that tax haven.
      Banks, when they look after your money, don’t just leave it sitting in the safe doing nothing. They invest it! They might do this by lending it to other customers (for a fee), or by investing in the stock market or the currency exchange market. But that money is busy earring the bank money.
      (I don’t know the rules in Singapore, but in some tax havens – the Cayman Islands, for example, tax is very low for money earned offshore. But money earned in the tax haven is taxed, albeit not at a massive rate – but the money the bank makes probably will be taxed.

      Also to add that tax-haven states normally have some sort of sovereign-ties to a nice stable G8 country, often as a legacy of their colonial relationship. The Cayman Islands is a territory of the UK for example, and therefore has nice easy access to a large international-trading hub in the form of The City of London.
      This in turn explains why countries are often reluctant to close tax-loopholes or deal with tax avoidance in their off-shore territories; they bring in significant amounts of money to their parent countries in the form of investments which raises money for the parent country as well as keeping their booming financial services industries busy and employing a LOT of people.
      ………………………………………………………………………………………………………………………………..

      The internet is a wonderful thing, is it not?

      ………………………………………………………………………………………………………………………………..

      And so…we have a PM who rubbed shoulders with the elites in Merril Lynch and has shares in the Bank of America… the same bank that was done for corruption a while back ie: money laundering. And who also promised the Key led govt 2.5 billion dollars if there was a zero rate of taxation for foreign trusts in NZ …

      The Key govt who also could afford tax cuts for the rich ( settlors/beneficiaries? ) but has systematically dismantled our publicly funded welfare and health , prison and education etc by saying ‘ we cannot afford it ‘…

      So Voila !!!

      The problem to all our ills is to suddenly privatize the last vestiges of our welfare state ie : state housing as an example…

      Kind of obvious even to a child whats really going on now, isn’t it…

      Just watch them play Monopoly and you will see what I mean.

  2. Keith 2
    13 May 2016 at 6:42 pm

    Its a a rich mans piss take, literally use a independant country to benefit themselves. What these mega wealthy corporations need is a safe bolt hole to launder earnings through, a platter of options in case one of those countries elects an ethical government. And they need someone to ensure that happens, someone so morally bankrupt and focused on self enrichment, someone unique and electable.

    In walks John Key, acting for the big corporations he once worked with full time and part time ever since and through his ability as the PM he has set up NZ as a safe place for them to legally launder their money. Those close to the action will be rewarded handsomely and Key delivers and one assumes is also soundly rewarded. We the citizens get nothing out of it and this is the illogical part of all this shit unless you accept that he’s only PM to use the NZ government as a vehicle to assist his business connections

    If you use that logic to assess why National do what they do everything becomes a whole lot easier to understand!

    • Colonial Viper 2.1
      13 May 2016 at 6:46 pm

      We have the appearance of an independent country, most days, is what I’ll say.

  3. Paul Campbell 3
    13 May 2016 at 6:46 pm

    Yes well explained … So for example when a company like Compass sends “fees” and the like to it’s parent corporation it counts them as costs against their income reducing their tax bill in nz. Apple sends theirs to Ireland because corporate taxes there are far lower there than in NZ or the US.

    • dukeofurl 3.1
      14 May 2016 at 10:53 am

      One of the longstanding ways is ‘loans’ from shelf companies in tax havens, but with ridiculous interest rates.

  4. Pat 4
    13 May 2016 at 6:54 pm

    the whole drive of this administration has been to take the soft option to entice investment to prop up our economy…..instead of making the changes necessary that would likely resulted in national being a one term wonder they have used immigration and dodgy investment sources that have overvalued our currency and provided the credit to fuel a property bubble.

    It will not end well

  5. Graeme 5
    13 May 2016 at 10:09 pm

    Why has he done it, I think you hit the nail on the head in your comment on the other post CV

    Colonial Viper 7.1.1
    13 May 2016 at 2:32 pm
    Pretty much. I wonder how painful our current account would look without these foreign hot money inflows.

    Is there any way to quantify how much is coming in and the effect it’s having? If it was keeping interest rates down by 2-3% (because the banks are getting cheap money) the effect could be profound. I presume the inflow would be holding the dollar up as well, but that has been blamed on dairy expansion over the last 5 years, but maybe not the case with the trust industry?

  6. Gristle 6
    14 May 2016 at 6:40 am

    Since the currency was floated, the volume of NZ Dollars being traded seemed to be way too high given the size of the NZ economy. Is this linked to laundered earnings and or money laundering?

    • dukeofurl 6.1
      14 May 2016 at 10:57 am

      The volume of currency traded, thats is real dollars, is only that which is needed for foreign currency exchange.
      What they do trade in vast quantities is a piece of paper that is a futures contract, it may be sold 50 x a day until the day it becomes due.

      • Colonial Viper 6.1.1
        14 May 2016 at 11:09 am

        The volume of currency traded, thats is real dollars, is only that which is needed for foreign currency exchange.

        That’s a misleading statement.

        The Reserve Bank publishes statistics of actual NZD volumes traded on the FX markets. The volume traded annually far exceeds the entire GDP of NZ.

        The NZD is the 11th most traded currency in the world.

        NZ ranks no. 55 in the world by GDP. Australia is no. 13.

        http://www.interest.co.nz/charts/exchange-rates/foreign-exchange-trading-volumes

        • Gristle 6.1.1.1
          14 May 2016 at 12:26 pm

          So my question is why is the trading level disproportionately high?

          Years ago I was advised by a rather wealthy individual not to invest in anything but the biggest companies listed on the NZ bourse. This was on the basis that he and his ilk regularly would coordinate and drive the stock prices of smaller companies this way and that: to their advantage of course.

          Is the NZD treated the same by larger players with currency?

          • Draco T Bastard 6.1.1.1.1
            14 May 2016 at 12:31 pm

            I’ll just point you to my answer the other day: Carry Trade

            • Gristle 6.1.1.1.1.1
              14 May 2016 at 12:42 pm

              I understand the concept of carry trades but I don’t understand the volume. Arbitrage and carry trade typically refer to short duration aberrations that are extinguished as the market gains awareness. The volume of NZ trading has been sustained for many years. I don’t believe carry trade activity explains long duration situations. Are there structural issues inherent to NZ which encourage the development of arbitrage and carry trade?

        • dukeofurl 6.1.1.2
          15 May 2016 at 8:47 am

          That just tells the total trading value, which is public knowlege, what it doesnt say is how the trading occurs.

          Just think about, say one trade for a minute, the value of the kiwi dollar in a weeks time, and how you would do that. And do that at the lowest cost, which means using only a little of your own money, thats what future trading contracts are all about, a piece of paper which says you will buy/sell that amount of $kiwi at a set point.
          means they dont need real money to play with.

          Same goes with poker machine turnover, is in the billions, but the real money in and out is far less.

  7. Joy FL 7
    14 May 2016 at 7:19 am

    This piece is much appreciated. Has any party leaders’ office head hunted you? You should be their top special advisor.

    • save nz 7.1
      14 May 2016 at 8:23 am

      Yep, time the Labour party held out an olive branch to CV (vice versa). Labour needs to keep all it’s supporters on side and voting for them, even if there is a difference of opinion on policy.

      In my view Labour are on the up. The first step for Labour has been to acknowledge that they went too far in the 1980’s (Grant Robertson apologised in one of the Waatea episodes), the 2nd is to get rid of TPPA (which they have voted against), and get rid of the MP’s that are refusing to back down from Rogernomics agenda (Phil Goff) etc, acknowledge lazy immigration is being used as a tool by the government to hide their appalling record on the economy, but is increasing the housing, social welfare and transport crisis for Kiwis, be much more on top of corruption which seems to have turned into a malignant cancer in this country. Then heal the rifts for their members and supporters.

      • Chooky 7.1.1
        14 May 2016 at 9:33 am

        +100 save nz….and they are certainly on the way up with David Cunliffe taking a more prominent role…he is very impressive

        never-the-less it is important that people like CV keep critiqueing Labour

        • Gristle 7.1.1.1
          14 May 2016 at 12:32 pm

          David is playing in his little square of the playground that he has been given. He is making a silk purse from a sows ear. It’s a pity that his area has been made so small and that there are danger cones around him warning others in the sandpit from playing with him.

      • Colonial Viper 7.1.2
        14 May 2016 at 10:14 am

        Unfortunately Labour isn’t interested in people realising what the truth of these matters are.

        If they did, it would become obvious that what needs to be done about is more than a little tweak here and a little tweak there, and pretending that the status quo is sustainable.

        The TPP is nothing but a gift to corporates and a depowering of sovereigns, led by a US Gov which has facilitated corporate power over small states for a hundred years now.

        You wouldn’t want to risk scaring the horses or not looking like a credible “government in waiting” now would you.

        • save nz 7.1.2.1
          14 May 2016 at 12:38 pm

          @CV – I really feel Labour have turned a corner from even a few months ago. Clearly it is not easy when their own MP’s are so divided into two camps. Maybe it is time for their ex voter critics to give them a break (but still say what policy you think they should be aiming for) rather than saying they will never change. The UBI was an example of looking at the future and getting new ideas – even if you do not agree with the details Labour are engaged with change and new ideas and more importantly not committed to selling our country to cronies.

          • Colonial Viper 7.1.2.1.1
            14 May 2016 at 3:16 pm

            I think optimism is a marvellous trait for youth to have. For veterans of the wars, less so.

            Btw Labour have shown no signs of banning foreign property purchases in Queenstown, Wanaka, or Auckland.

  8. travellerev 8
    14 May 2016 at 8:41 am

    Panama, originally a province of Colombia was literally stolen by bullying Columbia into giving it tot the US by Teddy Roosevelt in order to 1/ dig a canal 2/Be set up as a legal free zone for Mining and oil companies and 3/ a tax haven by JP Morgan and the same thugs that set up the Federal Reserve bank system in 1903.

    The same year by the way the self same JP Morgan and his banking mates set up the Bankers trust bank which served to provide trust services to customers of state and national banks throughout the country. It also served as a de facto Reserve bank.

    In fact when the Bankers cartel finally got their US Federal Reserve bank system in place the then President Benjamin Strong Jr. became the first governor of the New York Federal Reserve.

    It was the same Bankers Trust bank which pioneered the New financial products now collapsing the system and the first time they used them to attack an an entire country’s currency was when Andrew Krieger and John Key attacked the NZ $ in 1987.

    John Key has been at this a long time and he knows exactly what he is doing!

    • save nz 8.1
      14 May 2016 at 9:13 am

      And job losses are humorous to him…. from Wiki about John Key

      “Some co-workers called him “the smiling assassin” for maintaining his usual cheerfulness while sacking dozens (some say hundreds) of staff after heavy losses from the 1998 Russian financial crisis.”

    • Colonial Viper 8.2
      14 May 2016 at 10:15 am

      Thanks for the background, travellerev.

    • dukeofurl 8.3
      14 May 2016 at 11:05 am

      When the US does it- forces a country to lose a province, its good. When Russia does it to Ukraine, its bad.
      When Turkey invades a former province but which is now an independent country, like Cyprus, its good, But when Russia is involved with a former province like that is bad.
      When Saudi Arabia is involved with and openly uses its airpower in a neighbors civil war, its ok. They dont get sanctions from West but get intell help and get to fill up stocks of weapons.

      • travellerev 8.3.1
        14 May 2016 at 4:21 pm

        The Russians didn’t force anything. The people of Crimea voted almost unanimously, including the Tartars, to return to Russia and Russia was happy to accommodate. In East Ukraine the Russian people are being slaughtered on a daily base and Russia has so far resisted any intervention apart from Humanitarian food missions.

        • Colonial Viper 8.3.1.1
          14 May 2016 at 5:16 pm

          Russia is very aware that it is walking a tight rope at the moment. Especially with NATO aka USA building up military forces right on its borders.

          The last time someone did this to Russia was 1941.

          PS do you read The Vineyard of the Saker?

  9. webbrowan 9
    23 May 2016 at 11:08 pm

    This sounds like such a huge conspiracy theory. Every government has its own agenda when it comes to finance and money. As long as nobody finds out about it or the end result benefits the greater good and all that… I personally just shake my head and pray that we’re not digging ourselves a bigger hole for letting the little problems slide like this.

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    How to Retrieve Deleted Call Log on iPhone Without a Computer: A Step–by–Step Guide Losing your iPhone call history can be frustrating, especially when you need to find a specific number or recall an important conversation. But before you panic, know that there are ways to retrieve deleted call logs on your iPhone, even without a computer. This guide will explore various methods, ranging from simple checks to utilizing iCloud backups and third–party applications. So, let‘s dive in and recover those lost calls! 1. Check Recently Deleted Folder: Apple understands that accidental deletions happen. That‘s why they introduced the “Recently Deleted“ folder for various apps, including the Phone app. This folder acts as a safety net, storing deleted call logs for up to 30 days before permanently erasing them. Here‘s how to check it: Open the Phone app on your iPhone. Tap on the “Recents“ tab at the bottom. Scroll to the top and tap on “Edit“. Select “Show Recently Deleted“. Browse the list to find the call logs you want to recover. Tap on the desired call log and choose “Recover“ to restore it to your call history. 2. Restore from iCloud Backup: If you regularly back up your iPhone to iCloud, you might be able to retrieve your deleted call log from a previous backup. However, keep in mind that this process will restore your entire phone to the state it was in at the time of the backup, potentially erasing any data added since then. Here‘s how to restore from an iCloud backup: Go to Settings > General > Reset. Choose “Erase All Content and Settings“. Follow the on–screen instructions. Your iPhone will restart and show the initial setup screen. Choose “Restore from iCloud Backup“ during the setup process. Select the relevant backup that contains your deleted call log. Wait for the restoration process to complete. 3. Explore Third–Party Apps (with Caution): ...
    Gareth’s WorldBy admin
    1 day ago

  • How to Factory Reset iPhone without Computer: A Comprehensive Guide to Restoring your Device
    Life throws curveballs, and sometimes, those curveballs necessitate wiping your iPhone clean and starting anew. Whether you’re facing persistent software glitches, preparing to sell your device, or simply wanting a fresh start, knowing how to factory reset iPhone without a computer is a valuable skill. While using a computer with ...
    Gareth’s WorldBy admin
    2 days ago

  • How to Call Someone on a Computer: A Guide to Voice and Video Communication in the Digital Age
    Gone are the days when communication was limited to landline phones and physical proximity. Today, computers have become powerful tools for connecting with people across the globe through voice and video calls. But with a plethora of applications and methods available, how to call someone on a computer might seem ...
    Gareth’s WorldBy admin
    2 days ago

  • Skeptical Science New Research for Week #16 2024
    Open access notables Glacial isostatic adjustment reduces past and future Arctic subsea permafrost, Creel et al., Nature Communications: Sea-level rise submerges terrestrial permafrost in the Arctic, turning it into subsea permafrost. Subsea permafrost underlies ~ 1.8 million km2 of Arctic continental shelf, with thicknesses in places exceeding 700 m. Sea-level variations over glacial-interglacial cycles control ...
    Skeptical Science
    2 days ago

  • Where on a Computer is the Operating System Generally Stored? Delving into the Digital Home of your ...
    The operating system (OS) is the heart and soul of a computer, orchestrating every action and interaction between hardware and software. But have you ever wondered where on a computer is the operating system generally stored? The answer lies in the intricate dance between hardware and software components, particularly within ...
    Gareth’s WorldBy admin
    2 days ago

  • How Many Watts Does a Laptop Use? Understanding Power Consumption and Efficiency
    Laptops have become essential tools for work, entertainment, and communication, offering portability and functionality. However, with rising energy costs and growing environmental concerns, understanding a laptop’s power consumption is more important than ever. So, how many watts does a laptop use? The answer, unfortunately, isn’t straightforward. It depends on several ...
    Gareth’s WorldBy admin
    2 days ago

  • How to Screen Record on a Dell Laptop A Guide to Capturing Your Screen with Ease
    Screen recording has become an essential tool for various purposes, such as creating tutorials, capturing gameplay footage, recording online meetings, or sharing information with others. Fortunately, Dell laptops offer several built-in and external options for screen recording, catering to different needs and preferences. This guide will explore various methods on ...
    Gareth’s WorldBy admin
    2 days ago

  • How Much Does it Cost to Fix a Laptop Screen? Navigating Repair Options and Costs
    A cracked or damaged laptop screen can be a frustrating experience, impacting productivity and enjoyment. Fortunately, laptop screen repair is a common service offered by various repair shops and technicians. However, the cost of fixing a laptop screen can vary significantly depending on several factors. This article delves into the ...
    Gareth’s WorldBy admin
    2 days ago

  • How Long Do Gaming Laptops Last? Demystifying Lifespan and Maximizing Longevity
    Gaming laptops represent a significant investment for passionate gamers, offering portability and powerful performance for immersive gaming experiences. However, a common concern among potential buyers is their lifespan. Unlike desktop PCs, which allow for easier component upgrades, gaming laptops have inherent limitations due to their compact and integrated design. This ...
    Gareth’s WorldBy admin
    2 days ago

  • Climate Change: Turning the tide
    The annual inventory report of New Zealand's greenhouse gas emissions has been released, showing that gross emissions have dropped for the third year in a row, to 78.4 million tons: All-told gross emissions have decreased by over 6 million tons since the Zero Carbon Act was passed in 2019. ...
    No Right TurnBy Idiot/Savant
    2 days ago

  • How to Unlock Your Computer A Comprehensive Guide to Regaining Access
    Experiencing a locked computer can be frustrating, especially when you need access to your files and applications urgently. The methods to unlock your computer will vary depending on the specific situation and the type of lock you encounter. This guide will explore various scenarios and provide step-by-step instructions on how ...
    Gareth’s WorldBy admin
    2 days ago

  • Faxing from Your Computer A Modern Guide to Sending Documents Digitally
    While the world has largely transitioned to digital communication, faxing still holds relevance in certain industries and situations. Fortunately, gone are the days of bulky fax machines and dedicated phone lines. Today, you can easily send and receive faxes directly from your computer, offering a convenient and efficient way to ...
    Gareth’s WorldBy admin
    2 days ago

  • Protecting Your Home Computer A Guide to Cyber Awareness
    In our increasingly digital world, home computers have become essential tools for work, communication, entertainment, and more. However, this increased reliance on technology also exposes us to various cyber threats. Understanding these threats and taking proactive steps to protect your home computer is crucial for safeguarding your personal information, finances, ...
    Gareth’s WorldBy admin
    2 days ago

  • Server-Based Computing Powering the Modern Digital Landscape
    In the ever-evolving world of technology, server-based computing has emerged as a cornerstone of modern digital infrastructure. This article delves into the concept of server-based computing, exploring its various forms, benefits, challenges, and its impact on the way we work and interact with technology. Understanding Server-Based Computing: At its core, ...
    Gareth’s WorldBy admin
    2 days ago

  • Vroom vroom go the big red trucks
    The absolute brass neck of this guy.We want more medical doctors, not more spin doctors, Luxon was saying a couple of weeks ago, and now we’re told the guy has seven salaried adults on TikTok duty. Sorry, doing social media. The absolute brass neck of it. The irony that the ...
    More Than A FeildingBy David Slack
    2 days ago

  • Jones finds $410,000 to help the government muscle in on a spat project
    Buzz from the Beehive Oceans and Fisheries Minister Shane Jones relishes spatting and eagerly takes issue with environmentalists who criticise his enthusiasm for resource development. He relishes helping the fishing industry too. And so today, while the media are making much of the latest culling in the public service to ...
    Point of OrderBy Bob Edlin
    2 days ago

  • Again, hate crimes are not necessarily terrorism.
    Having written, taught and worked for the US government on issues involving unconventional warfare and terrorism for 30-odd years, two things irritate me the most when the subject is discussed in public. The first is the Johnny-come-lately academics-turned-media commentators who … Continue reading → ...
    KiwipoliticoBy Pablo
    2 days ago

  • Despair – construction consenting edition
    Eric Crampton writes – Kainga Ora is the government’s house building agency. It’s been building a lot of social housing. Kainga Ora has its own (but independent) consenting authority, Consentium. It’s a neat idea. Rather than have to deal with building consents across each different territorial authority, Kainga Ora ...
    Point of OrderBy poonzteam5443
    2 days ago

  • Coalition promises – will the Govt keep the commitment to keep Kiwis equal before the law?
    Muriel Newman writes – The Coalition Government says it is moving with speed to deliver campaign promises and reverse the damage done by Labour. One of their key commitments is to “defend the principle that New Zealanders are equal before the law.” To achieve this, they have pledged they “will not advance ...
    Point of OrderBy poonzteam5443
    2 days ago

  • An impermanent public service is a guarantee of very little else but failure
    Chris Trotter writes –  The absence of anything resembling a fightback from the public servants currently losing their jobs is interesting. State-sector workers’ collective fatalism in the face of Coalition cutbacks indicates a surprisingly broad acceptance of impermanence in the workplace. Fifty years ago, lay-offs in the thousands ...
    Point of OrderBy poonzteam5443
    2 days ago

  • What happens after the war – Mariupol
    Mariupol, on the Azov Sea coast, was one of the first cities to suffer almost complete destruction after the start of the Ukraine War started in late February 2022. We remember the scenes of absolute destruction of the houses and city structures. The deaths of innocent civilians – many of ...
    Open ParachuteBy Ken
    2 days ago

  • Babies and benefits – no good news
    Lindsay Mitchell writes – Ten years ago, I wrote the following in a Listener column: Every year around one in five new-born babies will be reliant on their caregivers benefit by Christmas. This pattern has persisted from at least 1993. For Maori the number jumps to over one in three.  ...
    Point of OrderBy poonzteam5443
    2 days ago

  • Should the RBNZ be looking through climate inflation?
    Climate change is expected to generate more and more extreme events, delivering a sort of structural shock to inflation that central banks will have to react to as if they were short-term cyclical issues. Photo: Lynn Grieveson / The KākāMy pick of the six newsey things to know from Aotearoa’s ...
    The KakaBy Bernard Hickey
    2 days ago

  • Bernard's pick 'n' mix of the news links
    The top six news links I’ve seen elsewhere in the last 24 hours, as of 9:16 am on Thursday, April 18 are:Housing: Tauranga residents living in boats, vans RNZ Checkpoint Louise TernouthHousing: Waikato councillor says wastewater plant issues could hold up Sleepyhead building a massive company town Waikato Times Stephen ...
    The KakaBy Bernard Hickey
    2 days ago

  • Gordon Campbell on the public sector carnage, and misogyny as terrorism
    It’s a simple deal. We pay taxes in order to finance the social services we want and need. The carnage now occurring across the public sector though, is breaking that contract. Over 3,000 jobs have been lost so far. Many are in crucial areas like Education where the impact of ...
    Gordon CampbellBy lyndon
    2 days ago

  • Meeting the Master Baiters
    Hi,A friend had their 40th over the weekend and decided to theme it after Curb Your Enthusiasm fashion icon Susie Greene. Captured in my tiny kitchen before I left the house, I ending up evoking a mix of old lesbian and Hillary Clinton — both unintentional.Me vs Hillary ClintonIf you’re ...
    David FarrierBy David Farrier
    2 days ago

  • How extreme was the Earth's temperature in 2023
    This is a re-post from Andrew Dessler at the Climate Brink blog In 2023, the Earth reached temperature levels unprecedented in modern times. Given that, it’s reasonable to ask: What’s going on? There’s been lots of discussions by scientists about whether this is just the normal progression of global warming or if something ...
    Skeptical Science
    2 days ago

  • Backbone, revisited
    The schools are on holiday and the sun is shining in the seaside village and all day long I have been seeing bunches of bikes; Mums, Dads, teens and toddlers chattering, laughing, happy, having a bloody great time together. Cheers, AT, for the bits of lane you’ve added lately around the ...
    More Than A FeildingBy David Slack
    3 days ago

  • Ministers are not above the law
    Today in our National-led authoritarian nightmare: Shane Jones thinks Ministers should be above the law: New Zealand First MP Shane Jones is accusing the Waitangi Tribunal of over-stepping its mandate by subpoenaing a minister for its urgent hearing on the Oranga Tamariki claim. The tribunal is looking into the ...
    No Right TurnBy Idiot/Savant
    3 days ago

  • What’s the outfit you can hear going down the gurgler? Probably it’s David Parker’s Oceans Sec...
    Buzz from the Beehive Point  of Order first heard of the Oceans Secretariat in June 2021, when David Parker (remember him?) announced a multi-agency approach to protecting New Zealand’s marine ecosystems and fisheries. Parker (holding the Environment, and Oceans and Fisheries portfolios) broke the news at the annual Forest & ...
    Point of OrderBy Bob Edlin
    3 days ago

  • Will politicians let democracy die in the darkness?
    Bryce Edwards writes  – Politicians across the political spectrum are implicated in the New Zealand media’s failing health. Either through neglect or incompetent interventions, successive governments have failed to regulate, foster, and allow a healthy Fourth Estate that can adequately hold politicians and the powerful to account. ...
    Point of OrderBy poonzteam5443
    3 days ago

  • Matt Doocey doubles down on trans “healthcare”
    Citizen Science writes –  Last week saw two significant developments in the debate over the treatment of trans-identifying children and young people – the release in Britain of the final report of Dr Hilary Cass’s review into gender healthcare, and here in New Zealand, the news that the ...
    Point of OrderBy poonzteam5443
    3 days ago

  • A TikTok Prime Minister.
    One night while sleeping in my bed I had a beautiful dreamThat all the people of the world got together on the same wavelengthAnd began helping one anotherNow in this dream, universal love was the theme of the dayPeace and understanding and it happened this wayAfter such an eventful day ...
    Nick’s KōreroBy Nick Rockel
    3 days ago

  • Texas Lessons
    This is a guest post by Oscar Simms who is a housing activist, volunteer for the Coalition for More Homes, and was the Labour Party candidate for Auckland Central at the last election. ...
    Greater AucklandBy Guest Post
    3 days ago

  • Bernard's pick 'n' mix of the news links at 6:06 am
    The top six news links I’ve seen elsewhere in the last 24 hours as of 6:06 am on Wednesday, April 17 are:Must read: Secrecy shrouds which projects might be fast-tracked RNZ Farah HancockScoop: Revealed: Luxon has seven staffers working on social media content - partly paid for by taxpayer Newshub ...
    The KakaBy Bernard Hickey
    3 days ago

  • Fighting poverty on the holiday highway
    Turning what Labour called the “holiday highway” into a four-lane expressway from Auckland to Whangarei could bring at least an economic benefit of nearly two billion a year for Northland each year. And it could help bring an end to poverty in one of New Zealand’s most deprived regions. The ...
    PolitikBy Richard Harman
    3 days ago

  • Bernard's six-stack of substacks at 6:26 pm
    Tonight’s six-stack includes: launching his substack with a bunch of his previous documentaries, including this 1992 interview with Dame Whina Cooper. and here crew give climate activists plenty to do, including this call to submit against the Fast Track Approvals bill. writes brilliantly here on his substack ...
    The KakaBy Bernard Hickey
    4 days ago

  • At a glance – Is the science settled?
    On February 14, 2023 we announced our Rebuttal Update Project. This included an ask for feedback about the added "At a glance" section in the updated basic rebuttal versions. This weekly blog post series highlights this new section of one of the updated basic rebuttal versions and serves as a ...
    Skeptical Science
    4 days ago

  • Apposite Quotations.
    How Long Is Long Enough? Gaza under Israeli bombardment, July 2014. This posting is exclusive to Bowalley Road. ...
    Bowalley Road
    4 days ago

  • What’s a life worth now?
    You're in the mall when you hear it: some kind of popping sound in the distance, kids with fireworks, maybe. But then a moment of eerie stillness is followed by more of the fireworks sound and there’s also screaming and shrieking and now here come people running for their lives.Does ...
    More Than A FeildingBy David Slack
    4 days ago

  • Howling at the Moon
    Karl du Fresne writes –  There’s a crisis in the news media and the media are blaming it on everyone except themselves. Culpability is being deflected elsewhere – mainly to the hapless Minister of Communications, Melissa Lee, and the big social media platforms that are accused of hoovering ...
    Point of OrderBy poonzteam5443
    4 days ago

  • Newshub is Dead.
    I don’t normally send out two newsletters in a day but I figured I’d say something about… the news. If two newsletters is a bit much then maybe just skip one, I don’t want to overload people. Alternatively if you’d be interested in sometimes receiving multiple, smaller updates from me, ...
    Nick’s KōreroBy Nick Rockel
    4 days ago

  • Seymour is chuffed about cutting early-learning red tape – but we hear, too, that Jones has loose...
    Buzz from the Beehive David Seymour and Winston Peters today signalled that at least two ministers of the Crown might be in Wellington today. Seymour (as Associate Minister of Education) announced the removal of more red tape, this time to make it easier for new early learning services to be ...
    Point of OrderBy Bob Edlin
    4 days ago

  • Bryce Edwards: Will politicians let democracy die in the darkness?
    Politicians across the political spectrum are implicated in the New Zealand media’s failing health. Either through neglect or incompetent interventions, successive governments have failed to regulate, foster, and allow a healthy Fourth Estate that can adequately hold politicians and the powerful to account. Our political system is suffering from the ...
    Democracy ProjectBy bryce.edwards
    4 days ago

  • Was Hawkesby entirely wrong?
    David Farrar  writes –  The Broadcasting Standards Authority ruled: Comments by radio host Kate Hawkesby suggesting Māori and Pacific patients were being prioritised for surgery due to their ethnicity were misleading and discriminatory, the Broadcasting Standards Authority has found. It is a fact such patients are prioritised. ...
    Point of OrderBy poonzteam5443
    4 days ago

  • PM’s South East Asia mission does the business
    Prime Minister Christopher Luxon has completed a successful trip to Singapore, Thailand and the Philippines, deepening relationships and capitalising on opportunities. Mr Luxon was accompanied by a business delegation and says the choice of countries represents the priority the New Zealand Government places on South East Asia, and our relationships in ...
    BeehiveBy beehive.govt.nz
    4 hours ago

  • $41m to support clean energy in South East Asia
    New Zealand is demonstrating its commitment to reducing global greenhouse emissions, and supporting clean energy transition in South East Asia, through a contribution of NZ$41 million (US$25 million) in climate finance to the Asian Development Bank (ADB)-led Energy Transition Mechanism (ETM). Prime Minister Christopher Luxon and Climate Change Minister Simon Watts announced ...
    BeehiveBy beehive.govt.nz
    21 hours ago

  • Minister releases Fast-track stakeholder list
    The Government is today releasing a list of organisations who received letters about the Fast-track applications process, says RMA Reform Minister Chris Bishop. “Recently Ministers and agencies have received a series of OIA requests for a list of organisations to whom I wrote with information on applying to have a ...
    BeehiveBy beehive.govt.nz
    23 hours ago

  • Judicial appointments announced
    Attorney-General Judith Collins today announced the appointment of Wellington Barrister David Jonathan Boldt as a Judge of the High Court, and the Honourable Justice Matthew Palmer as a Judge of the Court of Appeal. Justice Boldt graduated with an LLB from Victoria University of Wellington in 1990, and also holds ...
    BeehiveBy beehive.govt.nz
    24 hours ago

  • Education Minister heads to major teaching summit in Singapore
    Education Minister Erica Stanford will lead the New Zealand delegation at the 2024 International Summit on the Teaching Profession (ISTP) held in Singapore. The delegation includes representatives from the Post Primary Teachers’ Association (PPTA) Te Wehengarua and the New Zealand Educational Institute (NZEI) Te Riu Roa.  The summit is co-hosted ...
    BeehiveBy beehive.govt.nz
    1 day ago

  • Value of stopbank project proven during cyclone
    A stopbank upgrade project in Tairawhiti partly funded by the Government has increased flood resilience for around 7000ha of residential and horticultural land so far, Regional Development Minister Shane Jones says. Mr Jones today attended a dawn service in Gisborne to mark the end of the first stage of the ...
    BeehiveBy beehive.govt.nz
    1 day ago

  • Anzac commemorations, Türkiye relationship focus of visit
    Foreign Affairs Minister Winston Peters will represent the Government at Anzac Day commemorations on the Gallipoli Peninsula next week and engage with senior representatives of the Turkish government in Istanbul.    “The Gallipoli campaign is a defining event in our history. It will be a privilege to share the occasion ...
    BeehiveBy beehive.govt.nz
    1 day ago

  • Minister to Europe for OECD meeting, Anzac Day
    Science, Innovation and Technology and Defence Minister Judith Collins will next week attend the OECD Science and Technology Ministerial conference in Paris and Anzac Day commemorations in Belgium. “Science, innovation and technology have a major role to play in rebuilding our economy and achieving better health, environmental and social outcomes ...
    BeehiveBy beehive.govt.nz
    1 day ago

  • Comprehensive Partnership the goal for NZ and the Philippines
    Prime Minister Christopher Luxon held a bilateral meeting today with the President of the Philippines, Ferdinand Marcos Jr.  The Prime Minister was accompanied by MP Paulo Garcia, the first Filipino to be elected to a legislature outside the Philippines. During today’s meeting, Prime Minister Luxon and President Marcos Jr discussed opportunities to ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Government commits $20m to Westport flood protection
    The Government has announced that $20 million in funding will be made available to Westport to fund much needed flood protection around the town. This measure will significantly improve the resilience of the community, says Local Government Minister Simeon Brown. “The Westport community has already been allocated almost $3 million ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Taupō takes pole position
    The Government is proud to support the first ever Repco Supercars Championship event in Taupō as up to 70,000 motorsport fans attend the Taupō International Motorsport Park this weekend, says Economic Development Minister Melissa Lee. “Anticipation for the ITM Taupō Super400 is huge, with tickets and accommodation selling out weeks ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Cost of living support for low-income homeowners
    Local Government Minister Simeon Brown has announced an increase to the Rates Rebate Scheme, putting money back into the pockets of low-income homeowners.  “The coalition Government is committed to bringing down the cost of living for New Zealanders. That includes targeted support for those Kiwis who are doing things tough, such ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Government backing mussel spat project
    The Coalition Government is investing in a project to boost survival rates of New Zealand mussels and grow the industry, Oceans and Fisheries Minister Shane Jones has announced. “This project seeks to increase the resilience of our mussels and significantly boost the sector’s productivity,” Mr Jones says. “The project - ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Government focused on getting people into work
    Benefit figures released today underscore the importance of the Government’s plan to rebuild the economy and have 50,000 fewer people on Jobseeker Support, Social Development and Employment Minister Louise Upston says. “Benefit numbers are still significantly higher than when National was last in government, when there was about 70,000 fewer ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Clean energy key driver to reducing emissions
    The Government’s commitment to doubling New Zealand’s renewable energy capacity is backed by new data showing that clean energy has helped the country reach its lowest annual gross emissions since 1999, Climate Change Minister Simon Watts says. New Zealand’s latest Greenhouse Gas Inventory (1990-2022) published today, shows gross emissions fell ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Earthquake-prone buildings review brought forward
    The Government is bringing the earthquake-prone building review forward, with work to start immediately, and extending the deadline for remediations by four years, Building and Construction Minister Chris Penk says. “Our Government is focused on rebuilding the economy. A key part of our plan is to cut red tape that ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Thailand and NZ to agree to Strategic Partnership
    Prime Minister Christopher Luxon and his Thai counterpart, Prime Minister Srettha Thavisin, have today agreed that New Zealand and the Kingdom of Thailand will upgrade the bilateral relationship to a Strategic Partnership by 2026. “New Zealand and Thailand have a lot to offer each other. We have a strong mutual desire to build ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • Government consults on extending coastal permits for ports
    RMA Reform Minister Chris Bishop and Transport Minister Simeon Brown have today announced the Coalition Government’s intention to extend port coastal permits for a further 20 years, providing port operators with certainty to continue their operations. “The introduction of the Resource Management Act in 1991 required ports to obtain coastal ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • Inflation coming down, but more work to do
    Today’s announcement that inflation is down to 4 per cent is encouraging news for Kiwis, but there is more work to be done - underlining the importance of the Government’s plan to get the economy back on track, acting Finance Minister Chris Bishop says. “Inflation is now at 4 per ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • School attendance restored as a priority in health advice
    Refreshed health guidance released today will help parents and schools make informed decisions about whether their child needs to be in school, addressing one of the key issues affecting school attendance, says Associate Education Minister David Seymour. In recent years, consistently across all school terms, short-term illness or medical reasons ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • Unnecessary bureaucracy cut in oceans sector
    Oceans and Fisheries Minister Shane Jones is streamlining high-level oceans management while maintaining a focus on supporting the sector’s role in the export-led recovery of the economy. “I am working to realise the untapped potential of our fishing and aquaculture sector. To achieve that we need to be smarter with ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • Patterson promoting NZ’s wool sector at International Congress
    Associate Agriculture Minister Mark Patterson is speaking at the International Wool Textile Organisation Congress in Adelaide, promoting New Zealand wool, and outlining the coalition Government’s support for the revitalisation the sector.    "New Zealand’s wool exports reached $400 million in the year to 30 June 2023, and the coalition Government ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Removing red tape to help early learners thrive
    The Government is making legislative changes to make it easier for new early learning services to be established, and for existing services to operate, Associate Education Minister David Seymour says. The changes involve repealing the network approval provisions that apply when someone wants to establish a new early learning service, ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • RMA changes to cut coal mining consent red tape
    Changes to the Resource Management Act will align consenting for coal mining to other forms of mining to reduce barriers that are holding back economic development, Resources Minister Shane Jones says. “The inconsistent treatment of coal mining compared with other extractive activities is burdensome red tape that fails to acknowledge ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • McClay reaffirms strong NZ-China trade relationship
    Trade, Agriculture and Forestry Minister Todd McClay has concluded productive discussions with ministerial counterparts in Beijing today, in support of the New Zealand-China trade and economic relationship. “My meeting with Commerce Minister Wang Wentao reaffirmed the complementary nature of the bilateral trade relationship, with our Free Trade Agreement at its ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Prime Minister Luxon acknowledges legacy of Singapore Prime Minister Lee
    Prime Minister Christopher Luxon today paid tribute to Singapore’s outgoing Prime Minister Lee Hsien Loong.   Meeting in Singapore today immediately before Prime Minister Lee announced he was stepping down, Prime Minister Luxon warmly acknowledged his counterpart’s almost twenty years as leader, and the enduring legacy he has left for Singapore and South East ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • PMs Luxon and Lee deepen Singapore-NZ ties
    Prime Minister Christopher Luxon held a bilateral meeting today with Singapore Prime Minister Lee Hsien Loong. While in Singapore as part of his visit to South East Asia this week, Prime Minister Luxon also met with Singapore President Tharman Shanmugaratnam and will meet with Deputy Prime Minister Lawrence Wong.  During today’s meeting, Prime Minister Luxon ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Antarctica New Zealand Board appointments
    Foreign Minister Winston Peters has made further appointments to the Board of Antarctica New Zealand as part of a continued effort to ensure the Scott Base Redevelopment project is delivered in a cost-effective and efficient manner.  The Minister has appointed Neville Harris as a new member of the Board. Mr ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Finance Minister travels to Washington DC
    Finance Minister Nicola Willis will travel to the United States on Tuesday to attend a meeting of the Five Finance Ministers group, with counterparts from Australia, the United States, Canada, and the United Kingdom.  “I am looking forward to meeting with our Five Finance partners on how we can work ...
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    5 days ago

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