Meridian on the block

Written By: - Date published: 7:24 am, September 30th, 2013 - 40 comments
Categories: Privatisation - Tags:

If you weren’t paying attention you could easily miss the fact that Meridian shares are opening today. that’s because there’s been a lot less mainstream hoopla about it than there was with the sale of MRP. Despite the face there’s been a whole host of taxpayer funded sweetners attached to the deal.

According to TVNZ half of the shares in Meridian have already been subscribed to by “retail investors” after brokers were invited to registers for clients.

Unlike the MRP sale which was touted as getting new investors into the market, this sale seems to be focused on transferring taxpayer wealth to the usual suspects as quickly and quietly as possible. I imagine this free-money float will also further harm the value of the MRP shares a few “mum and dad investors” did actually purchase.

My guess is we’ll see a further accelerated asset sales programme, along with rapid implementation of other unpopular National party policy as the government’s backers start to realise that a third term is increasingly unlikely and the push comes on to get as much through as they can. The referendum will be adding to the heat.

National’s problem is they’ll be relying on Peter Dunne to do it, but he’ll be looking to distance himself from them as he senses the mood changing and looks for a space in the next government (as he has already shown with his RMA push-back).

40 comments on “Meridian on the block ”

  1. amirite 1

    So English and a guy from Goldman Sachs say there has been strong early demand for Meridian shares but some brokers and financial advisers say that interest is lower than for Mighty Power shares. And of course, the Herald is quick to lay blame onto the Labour/Green power policy proposal as well as the eventual Tiwai smelter closure.
    Of course, the spin we’ll be hearing from this Government in the next few weeks will be how the fire sale was an unprecedented success.

  2. wyndham 2

    “National’s problem is they’ll be relying on Peter Dunne to do it, but he’ll be looking to distance himself from them as he senses the mood changing and looks for a space in the next government (as he has already shown with his RMA push-back).”

    Absolutely right, Eddie. In order to save what’s left of our ownership of this country, more and more pressure needs to be kept on Dunne, the great chameleon of NZ politics.

  3. vto 3

    I still don’t understand…

    Key and English say they want as many kiwis as possible to own Meridian, yet it is already owned by 100% of kiwis and this process will only bring that percentage down, there is no other possibility.

    Why do Key and English say that when it is clearly an impossibility?

  4. srylands 4

    “Why do Key and English say that when it is clearly an impossibility?”

    Easy. Because it is owned by the Crown. When did you last get invited to a shareholders meeting?

    This hysteria about the partial sell down of a couple of power cos is mad. The privatisation programmes in Australia over the last 25 years have been a great success. Which OECD countries in the last decade have championed a model of state ownership? France. Which is now a socialist paradise (sic) with a stagnant economy and enormous youth unemployment.

    The only mistake the Government is making is not selling 100% of the companies. That will need to await the next National Government in 2017.

    The “sweetners” are just part of doing business.

    • vto 4.1

      “Because it is owned by the Crown”.

      But Key and English count ownership by Kiwisaver as ownership by kiwis, which owns such on behalf. As does the crown. Inconsistent horse shit and pinhead dancing there srylands. Fail.

      As for “hysteria”, it is interesting that the rich like to own assets like this yet Key and English say it is better not to own these assets. How does that work? Sounds like yet more horse shit.

      But srylands, your base understanding of society and how its resulting economy should work is nuts, as has been continually pointed out to you. You think people are tradeable commodities and you think people should not be allowed to have children unless they earn a certain amount of money….
      …. off the planet nutty

      Until you get to first base you are a waste of time

    • Draco T Bastard 4.2

      This hysteria about the partial sell down of a couple of power cos is mad.

      No, selling them is mad. Completely fucken insane in fact which is why the majority of Kiwis don’t want to sell them.

      The privatisation programmes in Australia over the last 25 years have been a great success.

      Only for the people who got to buy the once state assets as they become owners of the general populace.

      Which OECD countries in the last decade have championed a model of state ownership? France. Which is now a socialist paradise (sic) with a stagnant economy and enormous youth unemployment.

      Your question, answer and statement have no relevance to each other or even to privatisation. Europe itself is collapsing.

      The only mistake the Government is making is not selling 100% of the companies.

      Only authoritarian dictators would be saying that.

      The “sweetners” are just part of doing business.

      Business that the majority of Kiwis didn’t want doing at all.

    • Colonial Viper 4.3

      Ahhhh shitlands, the paid mouthpiece for the top 1%. Of course they would think that it is great, they are the ones receiving the transfer of low risk wealth from the state.

      The “sweetners” are just part of doing business.

      It seems that you are a proponent of socialism (for the wealthy) after all?

    • framu 4.4

      yes yes shitlands – but your the kind of functional moron who thinks making all roads private is a sensible idea

      As youve been told before – you and your society trashing ilk are in the minority on this one

      yes – france – whoopdee friggin doo – because comparing how two countries are doing by looking at one single policy is a completely valid and honest way of evaluating things

      also – im still keen to hear how under a fully privatised road ownership scheme your going to get you car to work in… kapiti? or was it some where in australia? if you dont like the roading supplier who owns the road outside your house

      but still – you can always ignore reality when you champion anti democratic corporate welfare like your doing

      morally bankrupt waste of space

    • Murray Olsen 4.5

      Yes SSlands, the privatisation of road tunnels in Australia has been a huge success. First the state government pays some private business to build them, then they go broke, so the government bails them out, then sells them off cheap to their rich mates, then buys them back at a high price with public money. Your definition of a great success makes as much sense as your slavish support of the boss who pays you minimum wage.

  5. Bill 5

    Not too sure about your take on Dunne. The so-called politics of compromise or whatever can only work in an environment dominated by a managerial mind set where there is scant difference between the two main managerial blocs.

    That environment (I believe) is gone now and with it (I’d argue) the possibility for fence sitters to jump down, first this side then that, whoring themselves for baubles.

    Dunne is done now, no matter what. He has 400 days to whore for what he can get and to set up what he can for his post parliamentary life.

  6. Rosie 6

    “National’s problem is they’ll be relying on Peter Dunne to do it, but he’ll be looking to distance himself from them as he senses the mood changing and looks for a space in the next government (as he has already shown with his RMA push-back)”.

    Re Peter Dunne: I’ve heard it suggested that Dunne potentially got his 1000 odd members to bring back UF from the grave, from the outdoors and conservation lobby. Maybe they are so concerned about our environment and the further threat to it under proposed RMA changes (with good and valid reason) that they will pay up a membership fee to the one who claims to champion their cause? If this theory is true then it is another case if “Willing Buyer, Willing Seller”.

    I’m sorry I don’t have a link for the next bit, an article that I read a few weeks ago in the local paper. The Independent Herald which Dunne frequently appears in, said that Dunne hasn’t ruled out running for Ohariu next year, saying “National need me”. I don’t think he has any intention of back tracking on his commitment to asset sales. He recently refused to attend a public meeting on this matter in his own electorate.

    Dunne can’t be trusted to gauge the public mood, imo, and do the right thing. He will always put himself first. That he said “National need me” perhaps indicates that he has no feeling for a Labour Greens govt being elected in 2014. Maybe his tune will change as time goes on, and he needs to adjust to power shifts but I wouldn’t hold my breath.

    • Rosie 6.1

      PS. At this point in time he is sticking with National and makes that clear in his recent post on the UF website, where he is dismissive of the new Labour leadership.

      “So, despite the hype, the reality remains the same. The left-wing axis is most unlikely to be able to form coherent, stable government. All of which shifts the onus back to John Key and the National party”

      http://www.unitedfuture.org.nz/new-labour-leadership-same-old/

    • Draco T Bastard 6.2

      Dunne is one of the people who, for ideological reasons, will never be in the same government as the Greens. As such, the only option he has of staying in government is to go with National.

      EDIT:
      PS, don’t suppose you remember which date?

      http://independentherald.co.nz/

      • Rosie 6.2.1

        Hi DTB

        http://issuu.com/the.star/docs/213233ih?viewMode=magazine&mode=embed&layout=http%3A%2F%2Fskin.issuu.com%2Fv%2Fsoftlight%2Flayout.xml&backgroundColor=dddddd&showFlipBtn=true&proShowSidebar=false&logo=http://starnews.co.nz/images/MagicBox7.gif&logoOffsetX=0&logoOffsetY=0&CTI=27101

        Found it! Crazy long link here to the article.Apologies, I don’t know how to over write the link as you have done above. If that doesn’t work, it’s page 4 of the 21st August edition with the title “Amazing win for Marae”.

        “National needs me”. A close enough approximation of what he actually said I reckon 🙂

        • Rosie 6.2.1.1

          Incidentally, I have on loan issue 349, August 2013 of Forest & Bird. The mag is full of articles that express disappointment and distrust of this govt’s handling of environmental stewardship and conservation:

          p.8 “Undermining Northland” about a 2011 aerial mineral survey of almost the entire region of Northland that was done without the consent of landowners, and the subsequent granting of 5 new exploration permits.

          p.10 “Long wait for Maui’s dolphins” about slack arse inaction over the threat to the Maui’s dolphin.

          p.14 “RMA reform opponents rally”

          p.40 – 42 “Conflict of Values” about the granting of permits to Bathurst to mine the Denniston Plateau and the environment court case. (A strongly and clearly worded article)

          p.43 “Forest & Bird acting to save the RMA”

          p.48 “Environment rights and wrongs” Considers the need to recognise a healthy environment as an essential human right and for it to protected under the Bill of Rights Act, similar to what other countries are doing. (e.g, The French Environment Charter).

          p.54 “Scary statistics” Climate change campaigner Bill McKibben criticises plans to mine Denniston Plateau.

          Ok. So there would be a number of Forest & Bird members who are Green voters I’m assuming, they’re not Nat voters, however, these members are maybe running short of funds to fight the govt in the environment court. So if they have an MP they can turn to, already within govt who has a lot of influence, ie, one vote that can an drastically alter the outcome then maybe it pays to get him onside with membership to his dying party and he can then be their saviour. It The willing buyer willing seller routine again. Bring along outdoor recreation groups such as fish and game whose members would be affected by the erosion of the RMA, and you add to the group who NEED you. Just a theory, but if it were true it would prove again that Dunne’s motivation isn’t the will of the people, it’s the drive of his own self preservation.

          I don’t think he’s looking for a space in the next govt. He’s looking to see how he can survive in the short term, and the RMA stance is just part of that plan.

  7. Chooky 7

    Electricity pricing is a National and Act Party disgrace!

    ….ever since I was a child I can remember New Zealanders paying for hydro power generation on the promise that there would be low electricity pricing and plenty for all….it never seemed to eventuate and now National is privatising and selling off the power generation assets(built on generations of NZ tax payers money) to those with the surplus dollars (Trust Accounts) for investment ,who are least dependent on affordable power.

    It is a betrayal , especially as most New Zealanders don’t want asset sales!

    … Beneficiaries, the low salary earners and Grey Power are extremely angry….If nothing else this will be a huge Election issue !!!!….

    The Greens are right on the button with this …imo Gareth Hughes , despite his youth , is very able and should get a cabinet position in the new Labour/Green coalition 2014 government.

    • Puckish Rogue 7.1

      I would party vote Labour if it meant keeping the Greens out of power

    • srylands 7.2

      “….ever since I was a child I can remember New Zealanders paying for hydro power generation on the promise that there would be low electricity pricing and plenty for all…”

      Well sorry. The economy grew, the gas ran out, it became unfashionable to build dams, and someone forgot to invest in the transmission network for 20 years. OOps. It has nothing to do with who owns the bloody companies. Oh and the massive cross subsidy (scam) to retail consumers was ended.

      You could have mentiioned those things.

      There is NO way the Greens are going to deliver cheap power without direct subsidies, or ratioing or blackouts. They are advocating MUCH more stringent pricing of carbon. That will rise power prices because gas generated power determines the marginal cost.

      • framu 7.2.1

        ” it became unfashionable to build dams” – on the remaining un dammed rivers

        and other renewable energy sources became more cost effective

        “and someone forgot to invest in the transmission network for 20 years”

        yes – a govt captured by the very ideology you subscribe too – your super smart

        but hey, dont let reality get in you way or anything

        You could have mentiioned those things.

      • Chooky 7.2.2

        @srylands…..actually I think the cheap power ( from dams built with tax payers money) was given to Comalco….while old age pensioners, the unemployed and those on low incomes scrimped and scraped to pay for their meager power ……..and went cold…and for them power prices keep going up!

        Shame on you!…and your impoverished soul

        This is going to be a BIG BIG Election issue !

    • srylands 7.3

      “imo Gareth Hughes , despite his youth , is very able and should get a cabinet position in the new Labour/Green coalition 2014 government.”

      imo he is frightening, ill informed, and would do immense damage to New Zealand and its economy.

      Given that Labour and the Greens are likely to win in 2014, part of me would like to see Gareth in charge of the energy sector – in fact the Greens in charge of key economic portfolios. It is now clear that it will take the implementation of these policies to demonstrate to the voters what they will actually do. So lets bring them on in force. We can then limit them to a one term government, and it will be back to business as usual with National coming back in 2017 to clean up the mess.

      • Chooky 7.3.1

        I am pleased Gareth and the Greens frighten you!….because nothing else seems to.

        …You should be grateful that they are proposing solutions for a way out of the nasty impasse you and your Nact friends seem to have gotten many low income New Zealanders into.

  8. Puckish Rogue 8

    When I get home I’ll be signing up for some more shares with the balance to pay in 18 months…its all good 🙂

    • vto 8.1

      i’m sure it is all good for you that is most of the problem

    • srylands 8.2

      Me too. Plus my partner and my mum. I’d sign my cat up given the nice free loan on offer 🙂

      For those who are opposed to the partial floats, how are you going to deal with your Kiwisaver fund buying shares? Are you going to switch to a fund that is restricted to fixed interest securities? Or do you just wear it?

      • Paul 8.2.1

        You own these assets already.
        Now you’re prepared to steal them from people who haven’t got the same amount of money as you.

        • chris73 8.2.1.1

          No you don’t, just another lie fed to you by the left.

          • Paul 8.2.1.1.1

            Like the lies your mate Hooton identified?

            • chris73 8.2.1.1.1.1

              Just because your taxes helped pay for the upkeep doesn’t mean you own them, however if you can provide a link that states we own them then I’ll admit I’m wrong…

              • framu

                just because you dont have a share certificate doesnt mean you dont own something

                theres more forms of ownership than a bit of paper

                just because you cant conceive of these other forms of ownership doesnt mean they dont exist. In fact theyve existed for centuries before share certificates and other “single person” legal documents

                really chris73 – weve all been through this before – why do we have to keep going back?

                The wider NZ populace owns these things via the state – we are the shareholders of all state owned assets, they are managed by a board – parliament, we get to influence the board, we get dividends via services provided from the state

                what proves this ownership? citizenship! Thats all you need to prove ownership of a state owned asset

                Are you really going to sit here and say you dont get that?

      • Chooky 8.2.2

        @ srysland …it may come as a surprise to you ….but for many New Zealanders , Kiwisaver is something they cant afford…and their share portfolios are non existent…so they wont know what the Dickens you are talking about…..

        By the way….I bet your pussy cat is really a bulldog

      • Pasupial 8.2.3

        Srylands

        That’s three more international investors who’ll get burned out when our assets are re-claimed under the next government then.

    • Chooky 8.3

      Pukish Rogue…you little cutey…many played that game in 1987 and got burnt…..your shares may go through the floor once we all get little windmills on our roofs and solar panels….then your asset /shares may be undesirably priced out of everyone’s reach…and we may not want your power no more..no more…HIT the Road Jack

      Unless of course the Greens get in and fix the pricing….but that still wont be good for your shares…

      • Puckish Rogue 8.3.1

        your shares may go through the floor once we all get little windmills on our roofs and solar panels

        – it may but not likely as the costs to set it up for people would be prohibitive also theres nothing to stop me investing in solar energy companies 🙂

  9. Chooky 9

    @Puckish Rogue ….well there is always the Greens ….and they are doing pretty well in the polls

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    Hi there,I wanted to put all of Josh Drummond’s Webworm pieces all in one place. I love that he writes for Webworm — and all of these are a good read!David.Why Are So Many “Christians” Hellbent on Being Horrible?Why do so many objectively hideous people declare themselves “Christian”?Meeting the Master ...
    David FarrierBy David Farrier
    5 days ago
  • Bernard’s Saturday soliloquy and weekend Pick ‘n’ Mix for June 8/9
    Photo: Lynn Grieveson / The KākāTL;DR: On reflection, the six things to note in Aotearoa-NZ’s political economy around housing, climate and poverty this week were:The Government-driven freeze in building new classrooms, local roads and water networks in order to save cash for tax cuts is frustrating communities facing massive population ...
    The KakaBy Bernard Hickey
    5 days ago
  • The no-vision thing
    Hello! Here comes the Saturday edition of More Than A Feilding, catching you up on the past somewhat interrupted week. Still on the move!Share Read more ...
    More Than A FeildingBy David Slack
    5 days ago
  • When Journalists are Disingenuous
    Hi,One of the things I like the most about Webworm is to be able to break down the media and journalism a little, and go behind the scenes.This is one of those times.Yesterday an email arrived in my inbox from journalist Jonathan Milne, who is managing editor at Newsroom.I don’t ...
    David FarrierBy David Farrier
    5 days ago
  • Me, elsewhere: Just say you’ll do the thing
    Wrote something over at 1/200 on a familiar theme of mine: The way we frame the economy as a separate, sacred force which must be sacrificed to, the way we talk about criminals as invaders who must be repelled, the constant othering of people on the benefit, people not in ...
    Boots TheoryBy Stephanie Rodgers
    6 days ago
  • A Voyage Among the Vandals: Accepted
    A nice bit of news today: my 4600-word historical fantasy-horror piece, A Voyage Among the Vandals, has been accepted by Phobica Books (https://www.phobicabooks.co.uk/books) for their upcoming Pirate Horror anthology, Shivering Timbers. This one is set in the Mediterranean, during the mid-fifth century AD. Notable for having one of history’s designated ...
    6 days ago
  • Ministerial conflicts of interest
    Since the National government came to power, it has been surrounded by allegations of conflicts of interest. Firstly, there's the fast-track law, which concentrates power in the hands of three Ministers, some of whom have received donations from companies whose projects they will be deciding on. Secondly, there's the close ...
    No Right TurnBy Idiot/Savant
    6 days ago
  • The 2024 Budget Forecasts Are Gloomy Prognosis About The Next Three Years.
    There was no less razzamatazz about the 2024 Budget than about earlier ones. Once again the underlying economic analysis got lost. It deserves more attention.Just to remind you, the Budget Economic and Fiscal Update (BEFU), is the Treasury’s independent assessment and so can be analysed by other competent economists (although ...
    PunditBy Brian Easton
    6 days ago
  • A government that can't see twenty feet ahead
    There are two failings that consistently characterise a National government. One is a lack of imagination, the other is their willingness to look after their mates, no matter what harm it might do to everyone else.This is how we come to have thousands of enormous trucks carving up our roads. ...
    More Than A FeildingBy David Slack
    6 days ago
  • A post I hope is incorrect
    In May, we learned that National MP David MacLeod had "forgotten" to declare $178,000 in electoral donations. Filing a donation return which is false in any material particular is a crime, and the Electoral Commission has now referred MacLeod to police, since they're the only people who are allowed to ...
    No Right TurnBy Idiot/Savant
    6 days ago
  • Māori Cannot Re-Write New Zealand’s Constitution By Stealth.
    The Kotahitanga Parliament 1897: A Māori Parliament – at least in the guise of a large and representative body dedicated to describing the shape of New Zealand’s future from a Māori perspective – would be a very good idea.THE DEMAND for a “Māori Parliament” needs to be carefully unpicked. Some Pakeha, ...
    6 days ago
  • Cowpats and Colonials.
    Dumbtown, is how my friend Gerard refers to people like ZB listeners - he’s not wrong.Normally on a Friday I start by looking at Mike Hosking’s moronic reckons of the week which he vomits down the throats of his audience like helpless baby birds in a nest, grateful for the ...
    Nick’s KōreroBy Nick Rockel
    6 days ago
  • Gordon Campbell on cutting the sick leave of vulnerable workers
    Should sick leave be part and parcel of the working conditions from Day One on the job, just like every other health and safety provision? Or should access to sick leave be something that only gradually accumulates, depending on how long a worker has been on the payroll? If enacted ...
    WerewolfBy lyndon
    6 days ago
  • Nobody Move: Ageing Boomers, Laurie & Les, Talk Politics.
    So long as we live in a democracy, economic policy can never be anything other than social-democratic.“HEH!”, snorted Laurie, as he waved his debit card over the EFTPOS machine. “Same price as last week. I guess budgets aren’t what they used to be.”“I wouldn’t know,” replied the young barman, wearily, ...
    6 days ago
  • In Search Of Unity.
    Kotahitanga: New Zealand’s future belongs to those who do not fear a nation carved out of unity and solidarity, and are willing to trust the carvers. Some New Zealanders will be required to step up, and others, perhaps for the first time in their lives, will be expected to step ...
    6 days ago
  • Weekly Roundup 7-June-2024
    Welcome to another Friday roundup! Here are some recent links and stories that caught our eye, perfectly timed for your watercooler discussions and weekend reading. As always feel free to share more in the comments. Our header image this week is by Patrick Reynolds, and shows Te Komititanga from above. ...
    Greater AucklandBy Greater Auckland
    6 days ago
  • The Hoon around the week to June 7
    As Workplace Relations and Safety Minister, ACT’s Brooke van Velden is fronting proposed changes to sick pay regulations and The Holiday Act. Photo: Lynn Grieveson / The KākāTL;DR: The podcast above of the weekly ‘hoon’ webinar for paying subscribers features talking with:The Kākā’s climate correspondent talking about the ...
    The KakaBy Bernard Hickey
    6 days ago
  • Did we boil the oceans by cutting pollution?
    Lowering aerosol emissions from shipping has altered clouds, with potentially drastic effects. Photo: Getty ImagesTL;DR: Here’s the top six news items of note in climate news for Aotearoa-NZ this week, and a discussion above between Bernard Hickey and The Kākā’s climate correspondent Cathrine Dyer:New evidence is increasingly pointing at efforts ...
    The KakaBy Bernard Hickey
    6 days ago
  • Skeptical Science New Research for Week #23 2024
    Open access notables Abrupt reduction in shipping emission as an inadvertent geoengineering termination shock produces substantial radiative warming, Yuan et al., Communications Earth & Environment: Human activities affect the Earth’s climate through modifying the composition of the atmosphere, which then creates radiative forcing that drives climate change. The warming effect ...
    7 days ago
  • Fragments
    The best observation I’ve read this week about the deep, profound harm Trump is doingTrump has hurled threats and smears at witnesses, jurors and the judge (including his family)... [he] has tried to intimidate witnesses and delegitimize the New York courts as corrupt. In continuing to incite his mob (that ...
    More Than A FeildingBy David Slack
    7 days ago
  • March for Nature
    Do do do do do do do doDo do do do do doDi di di di di di di di di di diNature enter me…In 2018 the Labour lead government banned new oil and gas exploration in Aotearoa. A change welcomed by those who care deeply for our environment and ...
    Nick’s KōreroBy Nick Rockel
    1 week ago
  • Bernard’s Dawn Chorus and pick ‘n’ mix for Thursday, June 6
    The Transport Minister is trying to push through urgent legislation that would allow him to change emissions standards for car imports without approval from Parliament, after only consulting car importers. Photo: Lynn GrievesonTL;DR: Just as two major reports showed fossil fuel burning was warming the planet to dangerous levels and ...
    The KakaBy Bernard Hickey
    1 week ago
  • A Better Broadway: Act 2
    This is a guest post by reader Grant A, the second of a pair about how to fix Broadway. If you missed the beginning of the show, here’s the link to Act 1 from yesterday. Yesterday, I discussed changing traffic circulation around Broadway in Newmarket. This included implementing a car-free ...
    Greater AucklandBy Guest Post
    1 week ago
  • National breaks another health promise
    National has broken another manifesto health promise, apparently to save only $550,000. It will now train an additional 25 med students next year rather than the 50 it promised. This comes on top of the delays caused by National’s coalition partners in pushing ahead with the Waikato Medical School and ...
    PolitikBy Richard Harman
    1 week ago
  • Climate Adam: Coping as the world’s best known climate scientist
    This video includes conclusions of the creator climate scientist Dr. Adam Levy. It is presented to our readers as an informed perspective. Please see video description for references (if any). Katharine Hayhoe is quite possibly the world's most famous climate scientist. She's produced wide ranging research, and communicated climate change with ...
    1 week ago
  • SIS “evidence” isn’t, again
    Back in 2016, then-Internal Affairs Minister Peter Dunne cancelled a New Zealand woman's passport, claiming she was a terrorist. The basis for his decision was a secret briefing by the SIS, which claimed that if she was allowed to travel, the woman would "engage with individuals who encourage acts of ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • As Low As You Go
    Taking you as low as you goAs low as you goA sense of Déjà vu this morning. How many times have I begun a newsletter, “just when you thought they couldn’t go any lower…” Only for the groundhog to reappear, more pissed off than the day before.Another day with headlines ...
    Nick’s KōreroBy Nick Rockel
    1 week ago
  • Bernard's Dawn Chorus and pick 'n' mix for Wednesday June 5
    TL;DR: The public health costs of human-caused air pollution in Aotearoa-NZ is estimated at $38.8 billion a year because it kills 3,300 people each year, which is almost ten times more than the death toll on roads from accidents. Yet the Ministry for the Environment has just one staff member ...
    The KakaBy Bernard Hickey
    1 week ago
  • A Better Broadway: Act 1
    This is the first of a two-part guest post by Grant A, a long time reader and commenter with a keen interest in all things urban, especially cycling and public transport. He’s been thinking about how to fix Broadway. Stay tuned for Act 2! Readers might remember the pre-Christmas traffic snarl-ups in ...
    Greater AucklandBy Guest Post
    1 week ago
  • Road trance
    Sometimes technology is your friend and sometimes it can’t be bothered with you. Once you’re away from home and your dependable wifi, well, there’s no telling what will happen. I’ve been going in and out of high-speed and low-speed no-speed Internet pockets all over England and France and look, I’m ...
    More Than A FeildingBy David Slack
    1 week ago
  • You Can't Undo Fake News
    Hi,I’ve been thinking a lot about Corey Harris, the 44-year old man who went viral after Zooming into his court appearance while driving. The headlines generated were basically all the same: “Man With Suspended Driver's License Dials Into Court Hearing While Driving”. The headlines said it all, and most people ...
    David FarrierBy David Farrier
    1 week ago
  • At a glance – CO2 is the main driver of climate change
    On February 14, 2023 we announced our Rebuttal Update Project. This included an ask for feedback about the added "At a glance" section in the updated basic rebuttal versions. This weekly blog post series highlights this new section of one of the updated basic rebuttal versions and serves as a ...
    1 week ago
  • Acting Prime Minister David Seymour.
    When it came to David Seymour, Jacinda got one thing right, and another wrong. What is the sacrilege, I hear you ask? In what world in relation to David Seymour was our Jacinda ever wrong?Subscribe nowAs you no doubt remember, and personally I think there should be some sort of ...
    Nick’s KōreroBy Nick Rockel
    1 week ago
  • More democratic abuse from National
    "Abuse of democracy" seems to be the emerging theme of this government, with bills rammed through under urgency or given pathetically short select committee submission times seemingly designed to limit and undermine public engagement. And today we have another case, with the public given just nine days to submit on ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Gordon Campbell on the curse of being politically moderate about everything
    Nigel Farage’s initial reason for not standing in the British election – because he wanted to be a Trump adviser – never looked very convincing. His perfectly timed “change of mind” though, has won him extensive media coverage, and he’s now plunging into the election campaign as the rival candidate ...
    1 week ago
  • Bernard’s Dawn Chorus and pick ‘n’ mix for Tuesday, June 4
    Placards at a 2018 rally for better funding for new cancer drugs. National’s pre-election promise to do so may have won it votes, but the attempt to quietly drop the plan has now ignited a firestorm of protest. Photo: Lynn GrievesonTL;DR: The Government is now being engulfed in a firestorm ...
    The KakaBy Bernard Hickey
    1 week ago
  • Budget 2024 Highlights
    Last week the government delivered their first budget and while there’s been plenty of other discussion about the main aspects of it, I was particularly interested to look at what it meant for transport. Before getting into too much detail, the chart below shows at a high level where transport ...
    1 week ago
  • Jeff Masters and Bob Henson give us the low-down on the 2024 Atlantic hurricane season
    This is a re-post from Yale Climate Connections by Samantha Harrington (Background photo credit: NASA/NOAA GOES Project / CC BY 2.0 DEED) To kick off hurricane season, Yale Climate Connections editors Sara Peach and Sam Harrington sat down with meteorologists and Eye on the Storm writers Jeff Masters and Bob ...
    1 week ago
  • Bernard's pick 'n' mix for Monday, June 3
    TL;DR: The Tiwai Point aluminium smelter, which consumes over 15% of the motu’s renewable electricity, has struck a deal to stay open for another 20 years. This will delay Aotearoa-NZ’s transition to carbon zero and make it more expensive and unfair for the 100,000 households who currently can’t afford their ...
    The KakaBy Bernard Hickey
    1 week ago
  • maBaguette
    Today we rolled through troglodyte caves and ate a fresh roast chook by the river, the mighty Loire River, the still quite angry-looking Loire River. The Loire is not itself because it has been raining here for the last seven months without a break, the locals have been telling us, ...
    More Than A FeildingBy David Slack
    1 week ago
  • Empty Promises.
    Fighting out of the blue corner, wearing a pale pink jacket, a half hearted smile, and a lot of flack from the left and the right, it’s your Finance Minister - Nicola Willis.Her challenger will probe the Minister for answers. Armed with boyish charm and tricky questions, the last remaining ...
    Nick’s KōreroBy Nick Rockel
    1 week ago
  • 2024 SkS Weekly Climate Change & Global Warming News Roundup #22
    A listing of 33 news and opinion articles we found interesting and shared on social media during the past week: Sun, May 26, 2024 thru Sat, June 1, 2024. Story of the week Sometimes one story is not enough. Our ongoing 2023-2024 experiences with lethal heatwaves, early wildfires and a threatening Atlantic hurricane season ...
    2 weeks ago

  • Ministry for Regulation targets red tape to keep farmers and growers competitive
    Regulation Minister David Seymour, Environment Minister Penny Simmonds, and Food Safety Minister Andrew Hoggard have today announced a regulatory sector review on the approval process for new agricultural and horticultural products.    “Red tape stops farmers and growers from getting access to products that have been approved by other OECD countries. ...
    BeehiveBy beehive.govt.nz
    1 hour ago
  • Government to reverse blanket speed limit reductions
    The Coalition Government will reverse Labour’s blanket speed limit reductions by 1 July 2025 through a new Land Transport Rule released for public consultation today, Transport Minister Simeon Brown says.  The draft speed limit rule will deliver on the National-ACT coalition commitment to reverse the previous government’s blanket speed limit ...
    BeehiveBy beehive.govt.nz
    4 hours ago
  • Chair appointments for NZSO, CNZ and NZ On Air
    Minister Paul Goldsmith is making major leadership changes within both his Arts and Media portfolios. “I am delighted to announce Carmel Walsh will be officially stepping into the role of Chair of the New Zealand Symphony Orchestra, having been acting Chair since April,” Arts Minister Paul Goldsmith says.  “Carmel is ...
    BeehiveBy beehive.govt.nz
    5 hours ago
  • Government focus on long-term food, fibre growth
    Food and fibre export revenue is tipped to reach $54.6 billion this year and hit a record $66.6b in 2028 as the Government focuses on getting better access to markets and cutting red tape, Agriculture Minister Todd McClay and Oceans and Fisheries Minister Shane Jones say. “This achievement is testament ...
    BeehiveBy beehive.govt.nz
    6 hours ago
  • Govt consulting on cutting red tape for exporters
    A new export exemption proposal for food businesses demonstrates the coalition Government’s commitment to reducing regulatory barriers for industry and increasing the value of New Zealand exports, which gets safe New Zealand food to more markets, says Food Safety Minister Andrew Hoggard.  “The coalition Government has listened to the concerns ...
    BeehiveBy beehive.govt.nz
    22 hours ago
  • New Zealand and Philippines elevating relationship
    New Zealand and Philippines are continuing to elevate our relationship, Foreign Minister Winston Peters says.   “The leaders of New Zealand and Philippines agreed in April 2024 to lift our relationship to a Comprehensive Partnership by 2026,” Mr Peters says. “Our visit to Manila this week has been an excellent ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Paid Parental Leave increase to help families
    Workplace Relations and Safety Minister, Brooke van Velden says paid parental leave increase from 1 July will put more money in the pockets of Kiwi parents and give them extra support as they take precious time off to bond with their newborns. The increase takes effect from 1 July 2024 ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Defence increases UN Command commitment
    The number of New Zealand Defence Force (NZDF) personnel deployed to the Republic of Korea is increasing, Defence Minister Judith Collins and Foreign Minister Winston Peters announced today.  NZDF will deploy up to 41 additional personnel to the Republic of Korea, increasing the size of its contribution to the United ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • New Zealand to attend 'Summit on Peace in Ukraine' in Switzerland
    New Zealand will be represented at the Summit on Peace in Ukraine by Minister Mark Mitchell in Switzerland later this week.    “New Zealand strongly supports Ukraine’s efforts to build a comprehensive, just, and lasting peace,” Foreign Minister Winston Peters says.   “Minister Mitchell is a senior Cabinet Minister and ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Big step forward for M.bovis programme
    Farmers’ hard work is paying off in the fight against Mycoplasma bovis (M. bovis) with the move to a national pest management plan marking strong progress in the eradication effort, says Biosecurity Minister Andrew Hoggard.  “The plan, approved by the Coalition Government, was proposed by the programme partners DairyNZ, Beef ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Build To Rent opening welcomed by Housing Minister
    Prime Minister Christopher Luxon and Housing Minister Chris Bishop formally opened a new Build to Rent development in Mt Wellington this morning. “The Prime Minister and I were honoured to cut the ribbon of Resido, New Zealand’s largest Build to Rent development to date.  “Build to Rent housing, like the ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Agriculture to come out of the ETS
    The Government will deliver on its election commitment to take agriculture out of the New Zealand Emissions Trading Scheme (NZ ETS) and will establish a new Pastoral Sector Group to constructively tackle biogenic methane, Coalition Government Agriculture and Climate Change Ministers say. Agriculture Minister Todd McClay says New Zealand farmers ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Luxon Tokyo-bound for political and business visit
    Prime Minister Christopher Luxon will travel to Japan from 16-20 June, his first visit as Prime Minister.   “Japan is incredibly important to New Zealand's prosperity. It is the world’s fourth largest economy, and our fourth largest export destination.  “As you know, growing the economy is my number one priority. A strong economy means ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Bayly travels to Singapore for scam prevention meetings
    Minister of Commerce and Consumer Affairs, Andrew Bayly, travels to Singapore today to attend scam and fraud prevention meetings. “Scams are a growing international problem, and we are not immune in New Zealand. Organised criminal networks operate across borders, and we need to work with our Asia-Pacific partners to tackle ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • More help for homeowners impacted by severe weather
    People who were displaced by severe weather events in 2022 and 2023 will be supported by the extension of Temporary Accommodation Assistance through to 30 June 2025. Social Development and Employment Minister Louise Upston says the coalition Government is continuing to help to those who were forced out of their ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Government to reverse oil and gas exploration ban
    Removing the ban on petroleum exploration beyond onshore Taranaki is part of a suite of proposed amendments to the Crown Minerals Act to deal with the energy security challenges posed by rapidly declining natural gas reserves, Resources Minister Shane Jones says. “Natural gas is critical to keeping our lights on ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • New Zealand and Malaysia to intensify connections
    New Zealand and Malaysia intend to intensify their long-standing, deep connections, Foreign Minister Winston Peters says.    “Malaysia is one of New Zealand’s oldest friends in South-East Asia – and both countries intend to get more out of the relationship," Mr Peters says.   "Our connections already run deep and ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Ending contracted emergency housing motels in Rotorua
    The end of Contracted Emergency Housing (CEH) motels in Rotorua is nearing another milestone as the Ministry of Housing and Urban Development (HUD) announces it will not renew consents for six of the original 13 motels, Associate Housing Minister Tama Potaka says. The government is committed to stop using CEH ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • First Home Grant closure exemptions
    The Government is providing a narrow exemption from the discontinuation of the First Home Grant for first home buyers who may face unfair situations as a result, Housing Minister Chris Bishop says. “The First Home Grant scheme was closed with immediate effect on 22 May 2024, with savings being reprioritised ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Faster consenting for flood protection projects in Hawke's Bay
    Work to increase flood resilience in Hawke’s Bay can start sooner, thanks to a new fast consenting process, Minister for Emergency Management and Recovery Mark Mitchell and Environment Minister Penny Simmonds say.  “Faster consenting means work to build stop banks, spillways and other infrastructure can get underway sooner, increasing flood ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Judge Craig Coxhead and Nathan Milner newest Māori Land Court appointments
    Tangata tū tangata ora, tangata noho tangata mate. Minister for Māori Development Tama Potaka today announced acting Deputy Chief Judge Craig Coxhead as the new Deputy Chief Judge, and Nathan Milner as Judge of the Māori Land Court. "I want to congratulate Judge Coxhead and Mr Milner on their appointments ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government signs Indo-Pacific Economic agreements to boost trade
    Trade Minister Todd McClay and Climate Change Minister Simon Watts, today signed three Indo Pacific Economic Framework (IPEF) agreements that will boost investment, grow New Zealand’s digital and green economies and increase trade between New Zealand and the 14 IPEF partners. IPEF’s partners represent 40 per cent of global GDP ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Government signs Indo-Pacific Economic agreements to boost trade and cooperation
    Trade Minister Todd McClay and Climate Change Minister Simon Watts, today signed three Indo Pacific Economic Framework (IPEF) agreements that will boost investment, grow New Zealand’s digital and green economies and increase trade between New Zealand and the 14 IPEF partners. IPEF’s partners represent 40 per cent of global GDP ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Visit to Viet Nam strengthens ties
    New Zealand and Viet Nam are focused on strengthening cooperation by making progress on mutually beneficial opportunities, Foreign Affairs Minister Winston Peters says. “Viet Nam matters enormously to New Zealand," Mr Peters says. "Our countries enjoy broad cooperation, in such areas as defence, security, trade, education and tourism. We are ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Government delivers funding boost to fix potholes
    The Coalition Government is delivering on its commitment to boost funding for pothole prevention, with indicative funding levels confirmed by NZTA showing a record increase in funding to help fix potholes on our State Highways and Local Roads, Transport Minister Simeon Brown says.  The NZTA Board has today confirmed indicative ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government making fuel resilience a priority
    The Ministry of Business, Innovation and Employment will halt work on procuring reserve diesel stock and explore other ways to bolster New Zealand’s diesel resilience, Associate Energy Minister Shane Jones says. The Ministry of Business, Innovation and Employment (MBIE) will also begin work on changes to the minimum fuel stockholding ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Govt strengthens COVID-19 preparedness
    Health Minister Dr Shane Reti says additional supplies of COVID-19 rapid antigen tests (RATs) will enable New Zealanders to continue testing this winter.  “In January, we announced an extension of public access to free RATs until the end of June,” Dr Reti says.  “I’m pleased to confirm that Health New ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • NZ and Fiji commit to strengthening partnership
    Prime Minister Christopher Luxon has met with his Fijian counterpart, Prime Minister Sitiveni Rabuka, and discussed how New Zealand and Fiji can further strengthen their partnership.  During their bilateral talks in Suva this morning, Mr Luxon and Mr Rabuka canvassed a range of issues including defence and regional security, trade, ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Making it easier to invest in New Zealand
    The Associate Minister of Finance David Seymour has issued a new Ministerial directive letter to Land Information New Zealand (LINZ) to make consent processing timeframes faster under the Overseas Investment Act.  “New Zealand is currently rated as having the most restrictive foreign direct investment policy out of the OECD countries ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • $30m investment for faster access to radiology services
    New Zealanders will now benefit from free access to radiology services referred directly by their general practitioner, resulting in faster diagnosis and improved health outcomes, says Health Minister Dr Shane Reti. “Our Budget last Thursday delivered the foundations for a thriving New Zealand economy, but also for better public services ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech to Pacific Economic Development Agency – Pacific Business Trust
    Good afternoon everyone, and warm Pacific greetings. Thank you for your lovely introduction Mary Losé. It’s wonderful to be here today at the Pacific Economic Development Agency - Pacific Business Trust. I want to acknowledge the chair Paul Retimanu and chief executive Mary Losé, your team and the many business ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Progress for fixing the Holidays Act 2003
    The Minister for Workplace Relations and Safety Brooke van Velden says this Government will improve the Holidays Act 2003 [the Act] with the help of businesses and workers who will be affected by changes to the Act.  “Change has been a long time coming, and I know there are many ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand and Niue mark special milestone
    Prime Minister Christopher Luxon and Niue Premier Dalton Tagelagi have agreed to enhance the special relationship that exists between their two countries, as Niue marks 50 years of self-government in free association with New Zealand. Mr Luxon and Mr Tagelagi held formal talks this morning and released a Joint Statement ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Ministry for Regulation kicks off first sector review – Early Childhood Education
    Minister for Regulation David Seymour today announced the terms of reference for the sector review into early childhood education (ECE) by the new Ministry for Regulation. This will be the first review by the Ministry.   “Issues with affordability and availability of early childhood education, and the complexity of its regulation, ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • $36 million commitment for local catchment groups
    The Government is backing farmers to improve land management practices with a $36 million commitment to support locally led catchment groups, $7 million of which will go directly to catchment groups across the country, Agriculture Minister Todd McClay has announced. “Budget 2024 provides $36 million over four years for regionally based ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • $43 million commitment for local catchment groups
    The Government is backing farmers to improve land management practices with a $36 million commitment to support locally led catchment groups, and an additional $7 million direct investment into catchment groups across the country, Agriculture Minister Todd McClay has announced. “Budget 2024 provides $36 million over four years for regionally based ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Communities reap rewards of regional investment
    The success of regional investment in the Far North has been highlighted with the opening of two community projects that benefit their communities, Regional Development Minister Shane Jones says. Mr Jones attended a dawn blessing for the $10.16 million Te Hiku Revitalisation project, which has provided much-needed community infrastructure improvements ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government to sign groundbreaking Indo-Pacific agreements
    Trade Minister Todd McClay and Climate Change Minister Simon Watts travel to Singapore tomorrow to sign three Indo Pacific Economic Framework (IPEF) agreements.  IPEF’s 14 partners represent 40 per cent of global GDP and account for 50 per cent of New Zealand’s exports. They include critical markets for Kiwi exporters ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • King’s Birthday Honours recognise significant contributions to education
    Minister of Education Erica Stanford today recognises the significant achievements of those included in the King’s Birthday 2024 Honours List, particularly those being celebrated for their services to education. “This year’s King’s Birthday Honours recognises the commitment, dedication and passion that those who have been honoured have shown,” Ms Stanford ...
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