National to increase foreign ownership

Written By: - Date published: 12:55 pm, March 14th, 2009 - 39 comments
Categories: assets, national/act government, same old national - Tags: , , ,

Newstalk ZB reports:

The Prime Minister is keen to open the door to foreign investors.

In a speech to the Act Party conference today, John Key said a review of the Overseas Investment Act will be announced by Finance Minister Bill English next week.

The review aims to create an overseas investment screening regime that encourages investment into New Zealand while protecting sensitive land, assets and resources.

New Zealand’s restrictions on foreign capital are already a joke. As it stands foreign owners take $15.4 billion (8% of our GDP) in profits from the work of New Zealanders every year, most of it dividends from former public assets that were sold off too cheaply in the 1980s and ’90s.

Any relaxation on overseas investment is a recipe for more foreign ownership of New Zealand and even more of our national wealth being sucked out of the country in the form of dividends for overseas shareholders.

This really is the same old National Party.

39 comments on “National to increase foreign ownership ”

  1. Draco T Bastard 1

    They haven’t learned anything from the last two decades have they?

    Hint to NACT: FOREIGN OWNERSHIP MAKES US POORER.

  2. RedLogix 2

    The mask slipped; then fell away altogether. But it mattered little, the crowd continued to see what they so greatly wanted to.

  3. IrishBill 3

    And there go the last vestiges of our economic sovereignty.

  4. rave 4

    Tane I suppose you meant by “our” wealth, that of the workers, not the bosses?
    Workers in NZ have so far put up little fight to loss of jobs, and most of that is begging the bosses to be true “kiwis” and when they spurn the workers and go overseas like F&P they suddenly become traitors.

    There is a danger of opposing foreign investment. It doesnt mean any less exploitation of workers, but it drives workers behind their respective bosses into protectionism, including job protection, like the recent British jobs for British workers fiasco. Workers end up going to war against each other to protect their bosses property.

    I don’t mind foreign ownership of companies just as long as when it comes to socialising them we don’t give kiwi firms any let off. Like we should socialise Sealords and that includes Aotearoa Fisheries which has proven itself to be just another exploiting boss in the name of “The Maori People”. In fact to socialise Sealords it would by useful to have the support of the many thousands of workers globally who work for the Japanese multinational partner Nissui that owns 50% of Sealords and is very much the big brother to Aotearoa Fisheries.

    • IrishBill 4.1

      Rave, assuming the unthinkable and unlikely situation in which we don’t seize the means of production next week, I would rather we had a situation i which our government (which has some democratic accountability) was able to exercise control over the nation’s economy.

      Of course you may be one of those “worse the better” types who think that if the country is run by Coca Cola the revolution will only come faster. If so I have one word for you: Brazil.

      Which is not to say I disagree with your outlook but rather that I am less optimistic about it actualising and in the meantime I am keen to mitigate the pain suffered by workers. Even if it means selling out into a social democratic proposition.

      • rave 4.1.1

        IB what makes you think that Social Democracy lessens the pain for workers? Compared to National? The problem is that as long as workers trust SD types they get Rogernomics. They wernt prepared the first time when they got Rogered by Labour. That was worse the better, and we didint even ask for it. Rogered One hasnt been undone. Nor are they prepared for Rogering No 2. Why because they expect SD to protect their jobs and the credit bubble kept them consuming.
        Well while they spending up large the silver was sold, and what’s left to privatise will soon follow, ACC., SOEs, etc.
        Tell my why workers should trust the SDs rewind this scenario in 3 years time. Better to spend the time organising for workers sitins and occupations and fight for the jobs and control of resources, Even if we go down in a glorious heap it better than getting Rogered lying down.
        Brazil is a case study in praying for an SD cargo cult and getting shat on instead. Lula stood for the workers vote then sold out by forming a popular front with Alencar who represents Brazil’s ruling class.
        Tons of workers in Brazil are not conned by Lula anymore and are organising independently of the Workers Party.

  5. vinsin 5

    Good point Rave, big ups to yourself.

  6. r0b 6

    “Economic sovereignty” – what a quaint idea IB. The whole idea of “countries” is so last millennium — the world is just a market. Money must be free to flow unimpeded into the coffers of the rich. After all, you only have to look around you to see how successful unregulated markets are…

    • Quoth the Raven 6.1

      I wish the whole idea of countries was so last millennium, but then again I’m a lefty not some social democrat.
      Imagine there’s no countries
      It isn’t hard to do
      Nothing to kill or die for
      And no religion too
      Imagine all the people
      Living life in peace…

      You may say I’m a dreamer
      But I’m not the only one
      I hope someday you’ll join us
      And the world will be as one

      • r0b 6.1.1

        I wish the whole idea of countries was so last millennium, but then again I’m a lefty not some social democrat.

        Countries are wonderful things, they are communities, they have a reason to “act local”, they are incubators of diversity and culture and colour. What a poor bland homogenised world it would be without countries.

        Countries do not inevitably imply war and aggression, the issues highlighted by John Lennon in “Imagine”. Most of the countries in the world live in peace. Would that they all could.

        Our country will be the poorer if we repeat the known and proven mistakes of surrendering control of our own infrastructure and resources.

        • Quoth the Raven 6.1.1.1

          Communities are communities not countries. You’re just arguing my form of centralisation is better than your form of centralisation. I say decentralisation.

          • RedLogix 6.1.1.1.1

            The challenges we face as a species are almost all global in nature, and demand solutions that are generated and implemented at that level. Inevitably humanity will be compelled to cede some of the sovereignty nations that nations still jealously guard, to a global body that will represent the final stage of our planetary evolution.

            A village does not deny the family, the city not the town, nor the nation all the myriad communities that are as it’s cells and sinews. Equally this global federation does not spell the end of our national, cultural, our personal identities.

            All of human social history can be seen through this paradigm of an increasing scope of collective action and unity. Each step in the process has taken us from scattered bands of isolated hunter-gathers, to citizens of large complex nations. Yet along the way, we never lost the family unit, it still remains vital to most of us.

            Equally the transition point of each stage has been characterised by a dramatic tension between the embrionic new form struggling to attain legitimacy, and the institutions of the previous stage resisting change they perceive as threatening. (In our own era this struggle is most clearly exampled by the refusal of the major nations, USA, Russia, China, etc, to relinquish their power of veto in the UN. )

            At some point we will look back on this period of history with the same incomprehension as we now look back on events like the Hundred Years War… and wonder just why it took us all so LONG to see the obvious.

  7. There is no doubt Key and his rightwing zealots are going full steam ahead to privatise evefrything they cab get away with. This beggars the question as to why
    Lord Michael Ashcroft made his overnight visit to Key. Chair of the Democratic Pacific Union ( as is Key ) of overseas companies,
    The NZ public seem to have forgotten that the National Party joined this group of RighwIingers , Dominated by the USA Republican Party , Whose philosophy is world wide privatization. Lets have more information on this group.“““`

  8. sweeetdisorder 8

    Postman, calm down. Does the hospital know you have stopped taking your meds?

  9. Rex Widerstrom 9

    Oh come on. Both National and Labour have lounged on the international street corner, skirts round their waists, flogging our birthright for as long as many can remember. It’s gotten progressively worse year upon year no matter who’s in power.

    Only one party – NZ First – ever talked of calling a halt and both National and Labour stood arm in arm and derided it as rascist (when it was no such thing). Then Winston decided to sell himself on a more personal level and the rest, as they say, is history.

    No wonder that National are considering taking our teeth out to try and attract the last few punters to whom we haven’t been able to sell ourselves… their predecessors were such accomplished pimps.

    • IrishBill 9.1

      Don’t think for a millisecond that I, or any of my fellow posters, would support Labour’s record on foreign investment. And don’t try to use their shameful record as some kind of strawman to undermine our argument against the further pimping of our country’s economic sovereignty.

      • Rex Widerstrom 9.1.1

        Undermine your argument?! You seriously think I’m here defending foreign “investment”? I wholeheartedly support the post right up to the last line.

        “This really is the same old National Party” disingenuously overlooks, or at least minimises, Labour’s role in very situation Tane rightedly berates, so in he interests of accurately recording history, I pointed this out.

        As you can probably tell, the things that were said about NZ First, and me personally when I was out front promoting restrictions on foreign investment (which was, incidentally, the only reason behind our call for tightening immigration) by people in National, Labour and the media still rankle.

        Crying “racist” when someone objects to selling the very soil on which we stand, along with our productive capacity and our jobs, is a pretty low tactic.

        • Tane 9.1.1.1

          I’m criticising the Nats because they’re relaxing the rules on foreign investment. If it were Labour I’d say the same thing.

        • Quoth the Raven 9.1.1.2

          As you can probably tell, the things that were said about NZ First, and me personally when I was out front promoting restrictions on foreign investment (which was, incidentally, the only reason behind our call for tightening immigration) by people in National, Labour and the media still rankle.

          The only reason ba – Tell that to Peter Brown and co with their asian invasion rhetoric asian crims running riot &c. You expect us to believe that none of that bullshit from NZ fist was racist.

  10. Daveski 10

    The issue which has been completely ignored is the pathetic level of savings in NZ which mean we need overseas capital to invest in NZ businesses.

    Take your pick. Jobs or overseas investment.

    Funny that, I thought you guys wanted more jobs?

    • Draco T Bastard 10.1

      There’s a difference between overseas investment and overseas ownership. We don’t need either BTW.

  11. Jum 11

    Please, will someone tell me why?

  12. Jum 12

    Daveski

    Either you’ve swallowed too much water Dave or the ice has entered your brain.

    Recessions/depressions have an end. What happens then? We continue slogging away for crap owners overseas? Are you that stupid or are you one of them?

    And as for savings – guess who reduced the savings quota in Kiwisaver – your beloved Kleptomaniac Key.

    Rex Widerstrom
    How dare you use a ‘skirts around the waist’ description of selling this country’s assets overseas. Women would have done a far better job of running this country. Oh yes Helen Clark did. Not much went the way of private ownership (that wasn’t already under private ownership) under her watch.

    While you righties whore our assets overseas, remember one thing. The NZ public on the whole is too stupid to realise it. I learnt that when NAct were voted in. You already knew NZers were stupid tho’ didn’t you, Rex. That’s why you used outright lies, misinformation, the NZ BusinessRoundtable owned and Tui breweries, the misogynists, the religious zealots and the rednecks to sell us out.

    • Rex Widerstrom 12.1

      Excuse me? I’ve used BRT, fundamentalists, misogynists and a beer company to sell “us” out? Who’s “us”? What lies? When? I resigned from politics rather than lie to the public so I’d very much like to know where you get off accuse me of having done so.

      As for Clark’s performance, I’ll take the Campaign Against Foreign Control of Aotearoa’s information over your irrational deification of a flawed (as they all are) politician. It was CAFCA’s information I used (along with my own research) when I was involved in the issue, by the way.

      According to CAFCA, in Clark’s last year in office (2008) 87 applications were approved by the Overseas Investment Commission (which covers only land, fishing, and other things worth over $50 million). It refused just two.

      That’s “not much going the way of foreign ownership” is it?

      As for your objection to the actual terminology, I’d imagine it’s more insulting to characterise Jim Bolger as having his skirts round his waist than Helen Clark, but then that’s just me. But they both did, as did Shipley, Palmer, Moore and Lange.

    • Rex Widerstrom 12.2

      I’ve never “whored an asset overseas” and have opposed the sale of every public asset that’s been put on the block both by National and by your beloved Helen Clark (in the last year of the reign of the PM you’d deify if you had the chance, the OIC gave the nod to 87 foreign takeovers and refused just two). When I worked for Radio Pacific I personally organised a large scale campaign against the sale of Waikato’s power company, which directly led to my entry into politics for the one party that opposed asset sales.

      FYI the number of approved vs rejected OIC applications (and remember they deal only with applications involving land, fishing, or worth over $50 million) under Clark are:

      2007 155/4
      2006 173/3
      2005 197/3
      2004 182/11
      2003 213/8
      2002 261/9
      2001 250/2
      2000 241/13

      Those figures are from the Campaign Against Foreign Control of Aotearoa (CAFCA) who’ve long campaigned on the issue and who are the only organisation on whom I relied for assistance on the topic when involved in politics. Not the BRT and certainly not a brewery!

      So having established that you’re wrong about Clark – she sat by and watched our nation sold off just as Bolger, Shipley, Palmer, Moore and Lange (for a while) did before her – perhaps we can move to having you justify your assertion that I used “outright lies” from the BRT, fundamentalists (that’d be odd, considering I’m an atheist), and a brewery to somehow “sell us out”?

      Who’s “us”? When did this supposedly occur? Considering I resigned from politics rather than be forced to lie to the public, I’d very much like to know where you get off accusing me of having done just that.

      • George Darroch 12.2.1

        Rex is completely right. Plenty was sold off overseas under the last Labour Government. Just another thing I had to intensely dislike Labour for.

        As others note, these companies never seem to get investment in productivity. Profit-taking, certainly. Considering the negative effect on the balance of trade, monetary policy, and interest rates, it’s not a good gamble. Far better for New Zealand companies to have lower interest rates with which to raise capital themselves.

  13. daveski 13

    Jum

    The ideal position is that we own our own assets. However, until we save enough to ensure that we can invest in our own productivity we will be reliant on external funds (either borrowing or capital investment).

    Kiwisaver is not 100% invested in NZ either – KS is a long term savings mechanism not a short term investment strategy.

    I come back to my point, You can run a partisan line on this or accept that it could contribute to job growth in the short term.

    • RedLogix 13.1

      You can run a partisan line on this or accept that it could contribute to job growth in the short term.

      Perhaps, if and only if the investment was in the form of new greenfield, productive assets. But that almost never happens; mostly it’s just a case of flogging off existing assets for short-term cash. No NEW jobs get created, but as Tane correctly identifies, what IS created is a future liability when the new owners expatriate their profits overseas… which directly worsens our already critically bad Current Account Deficit.

      Nothing partisan about that simple economic reality.

      • Daveski 13.1.1

        It’s a reasonable point. Likewise, it’s not the time to complain about any investment given the short term challenges we face.

    • DeeDub 13.2

      Yeah, like it did in Peru and Argentina, eh Daveski?

      • daveski 13.2.1

        Let’s keep it simple. In the short term, do you want investment from overseas (jobs) or not. If not, that’s fine but accept that as a short term consequence there will be fewer jobs. Likewise, accept that if we don’t up our saving to fund investment, the situation will never change regardless of the grand statements above.

  14. RedLogix 14

    Let’s keep it simple. In the short term, do you want investment from overseas (jobs) or not.

    Let me answer you simply… No.

    1. The cost is too high in terms of long-term profit expatriation.

    2. Experience over the last few decades shows that such investment does not create any NEW jobs for New Zealanders anyhow.

  15. Good job by national, we need overseas investment in our country.

    • BLiP 15.1

      Yes – but not without oversight or state control. Key’s letting slip the dogs of global greed.

  16. rave 16

    More on Brazil and us.
    “The Crisis will be profound and prolonged”
    http://mrzine.monthlyreview.org/stedile130309.html

  17. vto 17

    haven’t read the above, but bad foreign investment rules equal NZ becoming more of a tenant community.

    Tenant communities equal weak communites. And everything that follows from that.

    NZ’s foreign investment rules were weak. Labour pretended to strengthen them but only opened the way for lawyers to line their pockets a little more, no more.

    Maori-Nats will do nought to strengthen NZ’s position here.

    just anova 2c…

  18. insider 18

    SO what you are saying is that if I was the owner of Trade Me, that I would be unable to sell it to Australians for $750m just because they are Australians, and would instead have to sell it to locals only offering $250m (which I believe was the case) all becasue you don’t like Australians or whatever. Where is the sense in that?

  19. Draco T Bastard 19

    Gah, was supposed to be a reply

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    The blue billionaireDistraction no interactionOr movement outside these glazed over eyesThe new great divideFew fight the tide to be glorifiedBut will he be satisfied?Can we accept this without zoom?The elephant in the roomNot much happens in politics on a Monday. Bugger all in fact. Although yesterday Christopher Luxon found he ...
    Nick’s KōreroBy Nick Rockel
    5 days ago
  • Gordon Campbell on our doomed love affair with oil and gas
    What if New Zealand threw a fossil fuel party, and nobody came? On the weekend, Resources Minister Shane Jones sent out the invitations and strung up the balloons, but will anyone really want to invest big time in resuming oil and gas exploration in our corner of the planet? Yes, ...
    WerewolfBy lyndon
    5 days ago
  • Building better housing insights
    This is a guest post by Meredith Dale, senior urban designer and strategist at The Urban Advisory. There’s a saying that goes something like: ‘what you measure is what you value’. An RNZ article last week claimed that Auckland was ‘hurting’ because of a more affordable supply of homes, particularly townhouses ...
    Greater AucklandBy Guest Post
    6 days ago
  • Putin would be proud of them
    A Prime Minister directs his public service to inquire into the actions of the opposition political party which is his harshest critic. Something from Orban's Hungary, or Putin's Russia? No, its happening right here in Aotearoa: Prime Minister Christopher Luxon has announced the Public Service Commission will launch an ...
    No Right TurnBy Idiot/Savant
    6 days ago
  • Resources for debunking common solar and wind myths
    This is a repost from a Yale Climate Connections article by SueEllen Campbell published on June 3, 2024. The articles listed can help you tell fact from fiction when it comes to solar and wind energy. Some statements you hear about solar and wind energy are just plain false. ...
    6 days ago
  • Juggernaut
    Politics were going on all around us yesterday, and we barely noticed, rolling along canal paths, eating baguettes. It wasn’t until my mate got to the headlines last night that we learned there had been a dismayingly strong far right result in the EU elections and Macron had called a ...
    More Than A FeildingBy David Slack
    6 days ago
  • Numbers Game.
    Respect Existence, Or Expect Resistance? There may well have been 50,000 pairs of feet “Marching For Nature” down Auckland’s Queen Street on Saturday afternoon, but the figure that impresses the Coalition Government is the 1,450,000 pairs of Auckland feet that were somewhere else.IN THE ERA OF DRONES and Artificial Intelligence, ...
    6 days ago
  • Media Link: AVFA on post-colonial blowback.
    Selwyn Manning and I discuss varieties of post colonial blowback and the implications its has for the rise of the Global South. Counties discussed include Palestine/Israel, France/New Caledonia, England/India, apartheid/post-apartheid South Africa and post-colonial New Zealand. It is a bit … Continue reading ...
    KiwipoliticoBy Pablo
    6 days ago
  • Policy by panic
    Back in March, Ombudsman Peter Boshier resigned when he hit the statutory retirement age of 72, leaving the country in the awkward (and legally questionable) position of having him continue as a temporay appointee. It apparently took the entire political system by surprise - as evinced by Labour's dick move ...
    No Right TurnBy Idiot/Savant
    6 days ago
  • PSA: NZ's Richest Company, Zuru, Sucks
    Hi,Today the New Zealand press is breathlessly reporting that the owners of toy company Zuru are officially New Zealand’s wealthiest people: Mat and Nick Mowbray worth an estimated $20 billion between them.While the New Zealand press loses its shit celebrating this Kiwi success story, this is a Webworm reminder that ...
    David FarrierBy David Farrier
    6 days ago
  • Bernard's Dawn Chorus and pick 'n' mix for Monday, June 10
    TL;DR: The six things to note in Aotearoa-NZ’s political economy around housing, climate and poverty in the past day to 8:36 pm on Monday, June 10 were:20,000 protested against the Fast-track approval bill on Saturday in Auckland, but PM Christopher Luxon says ‘sorry, but not sorry’ about the need for ...
    The KakaBy Bernard Hickey
    7 days ago
  • In Defence of Kāinga Ora
    Given the headlines around the recent findings of the ‘independent’ review of Kāinga Ora by Bill English, you might assume this post will be about social housing, Kāinga Ora’s most prominent role. While that is indeed something that requires defending, I want to talk about the other core purpose of ...
    Greater AucklandBy Connor Sharp
    7 days ago
  • Baby You're A Rich Man
    “How does it feel to beOne of the beautiful peopleNow that you know who you areWhat do you want to beAnd have you traveled very far?Far as the eye can see”Yesterday the ACT party faithful were regaled with craven boasts, sneers, and demands for even more at their annual rally.That ...
    Nick’s KōreroBy Nick Rockel
    7 days ago
  • Stopping a future Labour government from shutting down gas exploration
    A defiant Resources Minister Shane Jones has responded to Saturday’s environmental protests by ending Labour’s offshore oil exploration ban and calling for long-term contracts with any successful explorers. The purpose would be to prevent a future Labour Government from reversing any licence the explorers might hold. Jones sees a precedent ...
    PolitikBy Richard Harman
    7 days ago
  • 2024 SkS Weekly Climate Change & Global Warming News Roundup #23
    A listing of 32 news and opinion articles we found interesting and shared on social media during the past week: Sun, June 2, 2024 thru Sat, June 8, 2024. Story of the week Our Story of the Week is Yale Climate Connection's Resources for debunking common solar and wind myths, by ...
    1 week ago
  • Fission by the river
    This is where we ate our lunch last Wednesday. Never mind your châteaux and castles and whatnot, we like to enjoy a baguette in the shadow of a nuclear power plant; a station that puts out more than twice as much as Manapouri using nothing more than tiny atoms to bring ...
    More Than A FeildingBy David Slack
    1 week ago
  • Fact Brief – Is the ocean acidifying?
    Skeptical Science is partnering with Gigafact to produce fact briefs — bite-sized fact checks of trending claims. This fact brief was written by John Mason in collaboration with members from the Gigafact team. You can submit claims you think need checking via the tipline. Is the ocean acidifying? Acidification of oceans ...
    1 week ago
  • 20,000+ on Queen St.
    The largest protest I ever went on was in the mid 90s. There were 10,000 people there that day, and I’ve never forgotten it. An enormous mass of people, chanting together. Stretching block after block, bringing traffic to a halt.But I can’t say that’s the biggest protest I’ve ever been ...
    Nick’s KōreroBy Nick Rockel
    1 week ago
  • Josh Drummond's Columns
    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
    1 week 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
    1 week 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
    1 week 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
    1 week 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
    1 week 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 ...
    1 week 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
    1 week 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
    1 week 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
    1 week 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
    1 week 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, ...
    1 week 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
    1 week 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
    1 week 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, ...
    1 week 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 ...
    1 week 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
    1 week 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
    1 week 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
    1 week 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 ...
    1 week 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
    1 week 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

  • High Court Judge appointed
    Attorney-General Judith Collins today announced the appointment of Auckland King’s Counsel Gregory Peter Blanchard as a High Court Judge. Justice Blanchard attended the University of Auckland from 1991 to 1995, graduating with an LLB (Honours) and Bachelor of Arts (English). He was a solicitor with the firm that is now Dentons ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Health workforce numbers rise
    Health Minister Dr Shane Reti says new data released today shows encouraging growth in the health workforce, with a continued increase in the numbers of doctors, nurses and midwives joining Health New Zealand. “Frontline healthcare workers are the beating heart of the healthcare system. Increasing and retaining our health workforce ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government to overhaul firearms laws
    Associate Justice Minister Nicole McKee has today announced a comprehensive programme to reform New Zealand's outdated and complicated firearms laws. “The Arms Act has been in place for over 40 years. It has been amended several times – in a piecemeal, and sometimes rushed way. This has resulted in outdated ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government delivers landmark specialist schools investment
    The coalition Government is delivering record levels of targeted investment in specialist schools so children with additional needs can thrive. As part of Budget 24, $89 million has been ringfenced to redevelop specialist facilities and increase satellite classrooms for students with high needs. This includes: $63 million in depreciation funding ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Major health and safety consultation begins
    A substantial consultation on work health and safety will begin today with a roadshow across the regions over the coming months, says Workplace Relations and Safety Minister Brooke van Velden.  This the first step to deliver on the commitment to reforming health and safety law and regulations, set out in ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Growing the potential of New Zealand’s forestry sector in partnership
    Forestry Minister Todd McClay, today announced the start of the Government’s plan to restore certainty and confidence in the forestry and wood processing sector. “This government will drive investment to unlock the industry’s economic potential for growth,” Mr McClay says. “Forestry’s success is critical to rebuilding New Zealand’s economy, boosting ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government cancels forestry ETS annual service charges for 2023-24
    Annual service charges in the forestry Emissions Trading Scheme (ETS) will be cancelled for 2023/24, Forestry Minister Todd McClay says. “The sector has told me the costs imposed on forestry owners by the previous government were excessive and unreasonable and I agree,” Mr McClay says. “They have said that there ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Speech to the LGNZ Infrastructure Symposium
    Introduction Thank you for having me here today and welcome to Wellington, the home of the Hurricanes, the next Super Rugby champions. Infrastructure – the challenge This government has inherited a series of big challenges in infrastructure. I don’t need to tell an audience as smart as this one that ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government boosts Agriculture and food trade with China
    Trade and Agriculture Minister Todd McClay and Food Safety Minister Andrew Hoggard welcomed outcomes to boost agricultural and food trade between New Zealand and China. A number of documents were signed today at Government House that will improve the business environment between New Zealand and China, and help reduce barriers, including on infant formula ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • NZ and China launch Services Trade Negotiations
    Trade Minister Todd McClay, and China’s Commerce Minister Wang Wentao, today announced the official launch of Negotiations on Services Trade between the two countries.  “The Government is focused on opening doors for services exporters to grow the New Zealand’s economy,” Mr McClay says.  As part of the 2022 New Zealand-China Free Trade Agreement Upgrade ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Prime Minister Luxon meets with Premier Li
    Prime Minister Christopher Luxon met with Chinese Premier Li Qiang at Government House in Wellington today.  “I was pleased to welcome Premier Li to Wellington for his first official visit, which marks 10 years since New Zealand and China established a Comprehensive Strategic Partnership,” Mr Luxon says. “The Premier and ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government and business tackling gender pay gap
    The coalition Government is taking action to reduce the gender pay gap in New Zealand through the development of a voluntary calculation tool. “Gender pay gaps have impacted women for decades, which is why we need to continue to drive change in New Zealand,” Acting Minister for Women Louise Upston ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Funding Boost for Rural Support Trusts
    The coalition Government is boosting funding for Rural Support Trusts to provide more help to farmers and growers under pressure, Rural Communities Minister Mark Patterson announced today. “A strong and thriving agricultural sector is crucial to the New Zealand economy and one of the ways to support it is to ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Latest data shows size of public service decreasing
    Spending on contractors and consultants continues to fall and the size of the Public Service workforce has started to decrease after years of growth, according to the latest data released today by the Public Service Commission. Workforce data for the quarter from 31 December 23 to 31 March 24 shows ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Speech to the Law Association
    Thank you to the Law Association for inviting me to speak this morning. As a former president under its previous name — the Auckland District Law Society — I take particular satisfaction in seeing this organisation, and its members, in such good heart. As Attorney-General, I am grateful for these ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • 25 years on, NZ reaffirms enduring friendship with Timor Leste
    New Zealand is committed to working closely with Timor-Leste to support its prosperity and resilience, Foreign Minister Winston Peters says.   “This year is the 25th anniversary of New Zealand sending peacekeepers to Timor-Leste, who contributed to the country’s stabilisation and ultimately its independence,” Mr Peters says.    “A quarter ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Inquiry requested into rural banking
    Promoting robust competition in the banking sector is vital to rebuilding the economy, Finance Minister Nicola Willis says.  “New Zealanders deserve a banking sector that is as competitive as possible. Banking services play an important role in our communities and in the economy. Kiwis rely on access to lending when ...
    BeehiveBy beehive.govt.nz
    3 days 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
    3 days 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
    3 days 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
    4 days 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
    4 days 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
    4 days 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
    5 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
    5 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
    5 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
    5 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
    5 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
    5 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
    5 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
    6 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
    6 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 ...
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    1 week 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
    1 week 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
    1 week 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 ...
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    1 week 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 ...
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    1 week 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 ...
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    1 week 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 ...
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    1 week ago
  • Government signs Indo-Pacific Economic agreements to boost trade
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    1 week 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
    1 week ago

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