1.the offense of acting to overthrow one’s government or to harm or kill its sovereign.
2. a violation of allegiance to one’s sovereign or to one’s state.
3. the betrayal of a trust or confidence; breach of faith; treachery.
Throughout human history, traitors have been considered even worse than open enemies.
This human antipathy toward traitors, has been suggested as a reason why many working people, impacted by Labour’s neo-liberal direction during the 1980s, voted for National in big numbers through the ’90s. (And even, why many still do.)
“One Who Delivers”
In Dante Alighieri’s Inferno, the ninth and lowest circle of Hell is reserved for traitors; Judas Iscariot, who betrayed Jesus, suffers the worst torments of all: being constantly gnawed at by one of Lucifer’s own three mouths. His treachery is considered so notorious that his name has long been synonymous with traitor, a fate he shares with Benedict Arnold, Vidkun Quisling, Marcus Junius Brutus (who too is depicted in Dante’s Inferno, suffering the same fate as Judas along with Cassius Longinus). Indeed, the etymology of the word traitor originates with Judas’ handing over of Jesus to the chief priests, captains of the temple and elders (Luke 22:52): the word is derived from the Latin traditor which means “one who delivers.”
“We found pedophiles in the data, people, bad people, really bad people. We found mafia figures. Not just from Italy, but from Japan from America from everywhere, and they were convicted people.”
As the sickening revelations of international tax evasion by criminal gangs and corrupt government officials around the world keep pouring out.
New Zealand’s role revealed in this scandal, comes under investigation.
Radio NZ Morning Report, Guyon Espina interviews Gerard Ryle.
Gerard Ryle is the director of the International Consortium of Investigative Journalists.
The ICIJ is the organisation that headed the investigation of the so called, leaked “Panama Papers” and oversaw their global release.
NZ “a very nice front for criminals” – Panama Papers journalist
Gerard Ryle “….. Looking at this whole issue of tax havens, now for a number of years, it’s a well known among people who know these things, that New Zealand is a really soft touch.
It’s very easy to set up companies; It’s a first world country, so people basically don’t think of bad things happening out of New Zealand; So it’s a very nice front for criminals.”
@2:57 Minutes:
Guyon Espiner “That’s the thing isn’t it? You are able to effectively buy the country’s name?”
“It is not seen as a tax haven, yet has some of the conditions of a a tax haven?”
“And has the benefit of that reputational strength, so in someways as you see it; looking through these kinds of papers, New Zealand is a pretty attractive destination for people who want to hide money?”
@3:18 Minutes:
Gerard Ryle “Exactly, and I think, You know, I mean, there have been many warning signs over the last couple of years. We all heard about the Taylors a few years ago. These were people who were basically setting up offshore accounts in the same way. And in fact the Taylors, when you dig into the Panama Papers, they were a huge user of Mossack Fonseca.”
“What the Taylors basically did was, set up offshore, was setting up shell companies for shipping arms around the world. And also people who were laundering money for drug cartels in South America.”
@3:50 Minutes:
Guyon Espiner “So what do you think of the credibility of the statement from Government Ministers that New Zealand isn’t a tax haven?”
Gerard Ryle “Well I think it is rubbish.”
“The bottom line is, it is a very easy jurisdiction to operate in. And it is very secretive.”
@4:55 Minutes:
Gerard Ryle “There is one product in the offshore world. And there is only one product. And that product is secrecy. And when you have secrecy you have the potential for wrong doing, and they will defend that world all the time by saying that it’s perfectly legitimate, that this is all part of international business.”
“But the bottom line is that the people who are doing legitimate business are standing next to people who are doing bad things, like laundering money, or drugs.”
“We found pedophiles in the data, people, bad people, really bad people. We found mafia figures. Not just from Italy, but from Japan from America from everywhere, and they were convicted people.”
The ICIJ has published some very interesting data relating to tax havens around the world and despite what the PM and other Ministers say, New Zealand is named as a tax haven in one of the graphs produced. Take a look at the link (under the headline “From the Caribbean to the Pacific: tax havens used by Mossack Fonseca”). https://panamapapers.icij.org/graphs/
This situation needs to be rectified to salvage what is left of NZ’s international reputation before it is too late.
“Act-shully, helping to hide the funds made from pedophilia and rape rings, and supplying Assad with weapons to carry out mass murder, is not that bad.” Jonky
@Paul the man is a money grabber and I bet if the chairman of the National Party was there then he would have had his hand out. I thought they were not allowed to have fund raising in the halls of Parliament?
This is another story showing the rot and corruption at the heart of this cadre running the country, yet the main story is still the Panama Papers.
Key would accept any distraction to avoid that being investigated.
Your comment intrigues me. Can you please explain how “a private room of an Auckland Chinese restaurant” is somehow “the halls of Parliament”?
I thought that “the halls of Parliament” were in Thorndon in Wellington.
Just checking how much a defender of the 1% you are.
a. Do you think Key should have done this?
b. Do you think Key’s position on tax havens is defensible?
The Panama Papers show us once and for all we can’t afford the rich.
” the truth is that we have all been robbed, systematically, by the world’s wealthiest people, for decades. They have used those stolen dollars to build yet more wealth for themselves, and all the while we have been arguing with ourselves over what to do with the leftover pennies.”
@Paul had a look at the personnel at IJIC and NZ has one investigative journalist Nicky Hager wonder if the police were looking for information on Panama Papers when they took his computers?
I can almost guarantee it Lucy (2.1). The exposure of the Panama documents throw a whole new perspective on the reason for the police raid and destruction of Nicky’s digital information.
More fallout from the secrecy of the TPP negotiations- in Japan. Good!
Diet erupts in outrage as ex-minister’s TPP manuscript reveals details Abe kept under wraps
BY AYAKO MIE
The opposition Democratic Party boycotted Diet deliberation Friday on the Trans-Pacific Partnership after it obtained a manuscript of memoirs authored by former farm minister Koya Nishikawa. The book, which was to be published next month, reveals details of what went on in negotiations behind closed doors.
DP lawmaker Yuichiro Tamaki, who obtained the manuscript, first brought up the issue in the Diet on Thursday.
Tamaki said the book reveals that U.S. negotiators offered concessions one month before U.S. President Barack Obama visited Japan in April 2014.
The DP is indignant that lawmakers were unaware of this until now. Documents they had access to were largely redacted and contained no mention of the supposed U.S. offer.
Apparently shaken by the stir his book has caused, Nishikawa later told reporters he will not send it into print.
The book, titled “The Truth about TPP,” was slated to hit bookstores in May. Nishikawa chairs the TPP special committee that is currently deliberating ratification of the TPP and related domestic bills.
The TPP process has been illegitimate, unethical and undemocratic because the major stakeholders, the people of each state, were not treated as stakeholders and were kept out of negotiations that involved the trading of their laws, regulations and signing up to a privatised, extrajudicial tribunal system that *claims precedence over each state’s own domestic judicial system.
+1 TMM – looks like Key and Mitchell are rushing our TPPA process as fast as possible to force the biggest corporate welfare transfer to corporations as quickly as possible before more ‘panama papers’ disclosures and links are made.
The TPP process has been illegitimate, unethical and undemocratic because the major stakeholders, the people of each state, were not treated as stakeholders
Seen that happening more and more where the government thinks that ‘stakeholders’ are the businesses that may be affected while ignoring the real stakeholders – the community around the area/nation. I first noticed it under the last Labour led government.
Actually was thinking to myself that “shareholders” seem to hold an elevated status above anyone else at present.
Forget the current flawed system that calls itself democracy – “one vote per citizen in country of birth or citizenship”. The world is being shaped by those shareholders who can ask their corporate lawyers to draft “agreements” that ensure their right to accumulate wealth globally is not interfered with by those self-same citizens.
The world is being shaped by those shareholders who can ask their corporate lawyers to draft “agreements” that ensure their right to accumulate wealth globally is not interfered with by those self-same citizens.
QFT
Capitalism is anathema to democracy. It’s why we have representative democracy (really an elected dictatorship) rather than participatory democracy. The rich are terrified that the people will vote rich people out of existence.
Considering that we can’t afford the rich this is exactly what needs to be done.
What is needed for a closer inspection of our own share trader PM?
Does the Herald’s editorial suggest a turning of the tide?
‘John Key is taking a risk defending the foreign trust regime in the wake of the global trust fund scandal and its New Zealand links.
If the Prime Minister assumes that the issue may be over within the week, then he is calculating that nothing else with New Zealand connections is lurking in the devastating leak of records from Panama law firm Mossack Fonseca. Mr Key insists New Zealand is not a tax haven but even if it does not fit the criteria, the existence here of nearly 12,000 foreign trusts suggests the financial rules, such as they are, appeal to the industry
Mr Key might feel immune from the mounting international clamour against the activities of the super-wealthy, but the fact remains that the exploitation of loopholes is often at the expense of ordinary taxpayers because it deprives the public accounts of revenue to invest in education, health and social services.
The presence of seemingly untouchable foreign trusts and the recent disclosure of corporate profit shifting contributes to a picture that New Zealand, like many Western nations, accommodates an elite operating beyond the rules which govern the rest of the community. It is likely to become for Mr Key an increasingly indefensible position.’
Pity it forgot to mention that Key himself is a member of the super wealthy club. That’s club he refers to when he sends soldiers to Iraq. The 1% club.
Some questions for Gower, Espiner, Ferguson to ask
Where is his $50 million stored?
Did he have any involvement with tax havens while at Merrill Lynch?
Why were laws changed in 2011?
@ Paul (4) – re your link to the NZH editorial ‘Key on Shaky ground.’
Let’s hope the ground is shaky enough to collapse and swallow the deceptive, treasonous piece of work! He has to go. At least “swine porker” Cameron has fessed up to his investments in foreign trusts, but only when the issue was made public and his family interests were exposed.
FJK has got his dirty money hidden away somewhere in foreign trusts. But the insult is that during his tenure, he has turned NZ into a money laundering racket, a tax haven where he has made it available for his despotic international corporate cronies to dump their grubby money here, to avoid paying tax! For the country to be mentioned 60,000 plus times in the Panama documents is evidence of this.
Welcome to NZ, the grubbiest little whorehouse of the pacific, courtesy of Pimp-in- Chief, John Philip Key!
8:12 Insight : The Panama Papers
This week on Insight, the BBC reports from The British Virgins Islands on how a law firm there has been used by rogue states and oppressive regimes, including North Korea and Syria, to set up shell companies.
9:06 Mediawatch
Hundreds of journalists in dozens of countries worked on The Panama Papers but our media were out of the loop. It was a pity – but was it also a problem?
“A top expert on tax havens explains why the Panama Papers barely scratch the surface”
transcript of interview with expert economist Gabriel Zucman,an assistant professor of economics at the University of California Berkeley.
A small excerpt:
“Offshore accounts also make it harder for everyone else to get rich, because they’re paying higher taxes to make up for the tax dollars the wealthy don’t pay when they shelter their assets overseas.”
How hard can it be for one of the 300 journalists to do a search of the Panama papers for “John Philip Key”, Parnell, Auckland, New Zealand ? Come on journos
with his background it is more likely his funds will be in one of the many US based dodges…..remember that MF is but one of an estimated 800 firms engaged in facilitating this practice
Commentators on RT are calling the Panama papers leak a “hack”, probably by the US intelligence services, aimed at discrediting the Russian and Chinese leadership.
However, someone didn’t do their homework thoroughly, and David Cameron has now also been caught in the blast.
(I’d pose the question of whether or not this has been designed to help get rid of Cameron, but that would sound like a “conspiracy theory”)
Every extended network will have a preferred ‘bag man’.There are other, larger companies in the same business. I guess Mossack Fonseca wasn’t everyone’s preferred firm.
On one side of the coin, it’s tough shit on those elites who used them that they’ve been exposed. On the other side of the coin, those media outlets that promote the (our) establishment and denigrate ‘official enemies’ must have been kind of whooping. Not every day is a “Fish in a Barrel” day.
And, just as we have news outlets that always side with ‘our’ establishment, so foreign establishments have their outlets that defend and promote them. So, youknow, if Mossack Fonseca had been full of US shits instead of Russian and Chinese shits, then ‘our’ media would have been running around yelping about some Chinese hack or other.
They’re all fuckers CV. And none of them deserve any of our good will or forbearance. And no-one is off the hook, given that Mossack Fonseca is not the biggest fish in that particular shoal of firms. The trick, if it can be pulled off, is to lift the lid on the others and not get drawn by any suggestion that the so-called ‘Panama Papers’ constitute the entire picture.
‘Our’ propaganda only need extend itself as far as suggesting just that. ‘Panama Papers’ sounds far more comprehensive than Mossack Fonseca papers, yes?
@ Gruntie (6) – I’m pretty sure one of FJK’s trusts is the JPB trust, which could be in his wife’s name and another is a blind trust. Not sure about any others he might and probably has. But maybe JPB might be a good start for searching.
I’d say the JP is for John Philip and the B is his wife’s first name.
Dr. Jill Stein,if you have not heard of her, her is a shortish interview, which will remedy that for you. P.S if the democrats shaft Bernie, me thinks that this is the women will get those votes.
Lobbying needs to be banned as it puts all the power into the hands of the rich/corporates – the people who can afford to buy lobbyists. It’s how a democracy becomes an oligarchy.
What if the problem with poverty is it’s profitable?
ven in the Great Depression, evictions used to be rare. Now, each year, hundreds of thousands, perhaps millions, of renters are put out on the street. Even a paid-up tenant can be easily evicted. Arleen loses one apartment when her son Jori throws a snowball at a passing car and the enraged driver kicks in the front door, and another when the police come after Jori when he kicks a teacher and runs home. Any kind of trouble that brings the police can lead to eviction, which means women can lose their homes if they call 911 when their man beats them up. Think about that the next time someone asks why women don’t call the cops on violent partners.
No country needs offshore investment because they can always afford to utilise their own resources. Don’t have the knowledge? Then they can use the resources that the can use to develop that knowledge if it’s not already freely available (a lot of the basic knowledge already is).
Foreign investment is simply another tool of the rich to become richer at everyone else’s expense.
The model is predicated on the investors providing expertise which is absent locally. But counting capital as a ‘scarce resource’ is nonsense in an age of quantitative easing. Following this model is part of what went wrong with NZ governance.
The model is predicated on the investors providing expertise which is absent locally.
Which almost never happens. What happens in real life is that the new offshore owner will grab the IP and close the business. If it’s left open then it continues to run as it did with little to no input of expertise from the foreign owner.
In other words, if we want expertise here then we need to develop it here.
But counting capital as a ‘scarce resource’ is nonsense in an age of quantitative easing.
It was always a nonsense to treat money as a scarce resource.
Yeah, actually, it does. That’s why the government keeps saying that we can’t afford anything despite having a) resources available and b) people to utilise those resources. Why they keep saying that we need foreign investment to do stuff that we’re quite capable of doing ourselves.
It is actually why some people keep demanding that we go back to the gold standard as well.
Profits leaving , investment entering , isn’t that money doing what it was invented for ie; circulating to provide the greese for society to operate.?
It only fails because the rules allow people to accumulate to much.
“It only fails because the rules allow people to accumulate to much.”
No. It also fails our economy when it heads offshore.
Offshore returns generally exceed the amount initially invested, leaving us with a fiscal shortfall.
Accumulating to much is largely a tax and low wages issue. Whereas, the concern here is the far greater after tax returns heading offshore.
Unless you are suggesting returns heading offshore can’t (through the tax system or capital controls) exceed the initial amount invested? Ceasing the current and detrimental fiscal shortfall offshore investment creates
“Unless you are suggesting returns heading offshore can’t (through the tax system or capital controls) exceed the initial amount invested?”
How you stop nz getting plundered for profit is beyond my education.
But the horse has bolted on stopping nz become part of the global financial system, so those involved would be better to spend their energies on fixing the system instead of pulling it to bits and starting again.
How you stop nz getting plundered for profit is beyond my education.
Easy – ban offshore ownership.
But the horse has bolted on stopping nz become part of the global financial system, so those involved would be better to spend their energies on fixing the system instead of pulling it to bits and starting again.
You can’t fix the present system. It really is that broken. All we can do is replace it and if that requires leaving the present global financial system then so be it. We actually can do that.
Whether (I hope that’s the right whether Alwyn) you like it or not a huge amount of nzs population derives their income from export, so how you can build an economic Berlin wall without driving us into poverty is beyond me.
Who said anything about stopping exports or imports?
We could still do that without being part of the present global financial system. In fact, doing so would start the end of the present system.
And then there’s the simple fact that even if those both stopped the people presently dependent upon them could find something else to do. Once we recognise that we don’t need foreign money then we actually have far greater possibilities open to us.
And why are you trying to talk to Alwyn? He got banned.
Can you point to any country that the government is the sole provider of money where they still function as a part of global trade?
I ask this because I and many like me enjoy producing a product like meat ,fruit or logs who’s lifestyle would die if we where to come up against sanctions..
“You can’t fix the present system. It really is that broken. All we can do is replace it and if that requires leaving the present global financial system then so be it. We actually can do that.”
Inclined to agree the present system cannot be fixed but if we are being honest any attempt to operate outside it comes with great risk, just ask Venezuela.
Its possible, maybe desirable but I don’t know if the majority of kiwis are yet ready to take that route…..perhaps in the not too distant future
I ask this because I and many like me enjoy producing a product like meat ,fruit or logs who’s lifestyle would die if we where to come up against sanctions.
1. Things change – get over yourself. Find something else you enjoy
2. Chances are there wouldn’t be world wide sanctions. Sure, the US, UK and probably the EU would but that still leaves around 5 billion others to trade with
Its possible, maybe desirable but I don’t know if the majority of kiwis are yet ready to take that route…..perhaps in the not too distant future
I don’t think it’s possible ATM as not enough people know just how much of a total scam our present financial system is but it will be in the future.
Like the Pineapple Lumps ad portrays, Kiwis are generally a little slow when it comes to such matters. However, time is also the enemy in this regard.
Trade agreements (such as the TPP) further weaken Government’s ability to respond to this form of fiscal extraction.
It doesn’t help Kiwis become better informed, hence more willing to act when even the Labour Party continue to tout the globalist line (NZ requires offshore investment).
It’s also disappointing to see there has been more discussion on the flag (on this site) than this far more important issue.
Yes, the horse has bolted on stopping NZ becoming part of the global financial system.
However, the time to act is now.
The more we move forward, the greater the damage becomes and the less we can do about it.
Trade agreements (such as the TPP) further weakens Government’s ability to respond to this form of fiscal extraction.
At the moment, we still have the right to decline offshore investment, yet we encourage it And we still have the ability to instate taxes and perhaps capital controls.
While trading with other willing nations is fine, allowing them to own NZ’s resources, the means of production and servicing, robs us of the fiscal benefits.
It’s more about re-distribution of tax collection.
Assume we collect the same amount of tax as we do now.
Many existing firms would pay less as many of these firms would pay more.
It’s simpler so compliance costs would be less and it would discourage much of the vertical integration that allows layers of businesses to charge each other down the chain to minimise profit.
I’d also support if NZ has a good economic year that by law 50% of any surplus gets returned to businesses.
Profit however is just a private tax, garnered by the expenses you can set against it.
Many of the expenses are dubious but legitimate as it currently stands. IRD has some success in sorting out non-legitimate ones eg banks charging themselves a fee for using their own name but it’s still open to lots of abuse to show profit as minimal. Gross income takes expenses out of the picture.
It’s not just the profit going offshore – many of the companies as we know pay minimal tax.
It the value of the expenses claimed as well.
Part of the solution to some of this is the renationlisation of infrastructure companies and the letting of government contracts to be limited where possible and practicable to NZ companies.
It seems that in many cases when the overseas companies win these contracts they just take a big cut and sub-contract NZers anyway.
I’m not saying we shouldn’t increase the tax take but it is important also in my view that every business pays some tax. Every business that has the benefit of operating in NZ should contribute.
No, it’s not just profit going offshore. As Draco rightly pointed out, the end result is we largely become serfs for the international elite.
While I hear what you are saying (and of course you are correct, a number aren’t paying their fair share of tax) new tax settings would have to capture all profits that exceed the initial and ongoing investment to cease the fiscal shortfall offshore investment creates.
Such stringent tax settings (as such stringent capital controls discussed above) would largely discourage further investment going forward, while also resulting in a number of current international investments in NZ pulling out.
Therefore, taxing to any lesser extent merely allows us to clip the ticket, but doesn’t deal with the larger concerns (serfdom and profits heading offshore).
A form of capital controls that prevents this form of capital flight would vastly stimulate our local economy.
If you could get such capital controls in place then it may work but then it still leaves us open to becoming serfs for the international rich which is another consideration that needs to be taken into account.
“If you could get such capital controls in place then it may work but then it still leaves us open to becoming serfs for the international rich…”
Such stringent capital controls would largely discourage further investment going forward, while also resulting in a number of current international investments in NZ pulling out.
Who would you vote for if an election was announced tomorrow?
Greens (29%, 1,551 Votes)
Labour (26%, 1,398 Votes)
National (17%, 944 Votes)
NZ First (16%, 868 Votes)
MANA (8%, 415 Votes)
ACT (2%, 130 Votes)
Maori Party (1%, 73 Votes)
United Future (0%, 18 Votes)
Interestingly there is a fair bit of material about suggesting that fructose above a certain threshold is just as bad, of not possibly worse, than sucrose.
The sugar industry, like the tobacco industry will fight back and fight dirty. (Probably with the support of the current Government.) As my elderly mother always said all things in moderation. She lived to 97.
Although it is processed, sucrose, the main form of table sugar, is also natural in that it is derived from a plant source. Sucrose is a disaccharide, being composed essentially of one glucose molecule and one fructose molecule but the fructose molecule is the major cause for concern as it is metabolised differently to glucose, mainly by the liver (when you eat sucrose it is broken down into the separate sugar units). Fructose can also be found naturally in fruit but you’d have to eat silly amounts of fruit for it to be an issue.
“While the media hyped a false narrative about Bernie Sanders’ competence and policies, three of Sanders’ policy proposals were implemented this week.
What’s sad is that as the biggest leak in world historycame to light, exposing 140 different politicians from 50 countries engaged in egregious tax dodging, corporate-owned media outlets chose instead to take their lead for the week’s news from a greasy tabloid’serror-laden editorial board meeting with Bernie Sanders. The main narrative that came out of that interview was that the Vermont senator didn’t know how his own policies worked, with the Washington Post gleefully climbing on board.
However, the Huffington Post’s Ryan Grim accurately pointed out that the interview transcript revealed both Sanders’ expertise and the New York Daily News editorial board’s sheer ignorance of both financial policy and civics. The New York Times and many other publications also balked at the sudden media attack on Sanders’ accurate answers.
While this all played out, Sanders watched as two governors, a federal agency head, and a president implemented some of his “unrealistic” policy proposals.
1. New York and California pass a $15/hour minimum wage
Bernie Sanders has called for a “living wage” of $15/hour to be the new national minimum wage, introducing legislation in July 2015 and joining the Fight for $15 during their events. Before taxes, this would amount to $31,200 a year for a full-time worker. It’s not exactly enough to live like a king, but enough for a person to be able to pay their bills and not live in abject poverty.
Even though detractors have been saying that doubling the minimum wage isn’t possible, and to aim lower, governors of two of the most populous states (New York and California) have joined other major cities in signing $15/hour minimum wage bills into law.
While Hillary Clinton tried to take credit for the New York law by being present at the signing ceremony, she’s only championed raising the minimum wage to $12/hour. And Sanders’ calls for $15/hour appear to be on their way to reality in other states as well, as 25 cities in Oregon are now on their way to having a $15/hour minimum wage, with Boston and Massachusetts considering the possibility. ….”
____________________
From day one Key has been cynically marketed so as to foster a subliminal appreciation that he’s a horsing around decent guy who really cares about New Zealand. Subliminal is great because it neutralises thinking. I believe that appreciation is under serious challenge. Increasingly and from issue to issue Key shows he cares only about personal power, money, the very rich. There is advancing cognisance of that and it’s making its way into the subliminal appreciation. At which point what is Key ? A nasty, greedy, philosophically bankrupt, socially illterate, fraud of man who’s been conning us for years. The game is over Traitor Boy.
And an interview on RNZ this morning re Iceland with Smári McCarthy chief technologist for the Organised Crime and Corruption Reporting Project in Sarajevo. He confirmed that the PM has resigned from PM and a very recent poll had 80% saying he should resign from Parliament. Lynn Freeman missed an opportunity for a good interview.
The Pirate Party has surged up to 40+%.
Not up for replay yet.
http://www.radionz.co.nz/audio/player/201796405
Smári McCarthy: Iceland, the Pirate Party and the Panama Papers
8:12 AM. Guest host Philippa Tolley interviews Smári McCarthy, chief technologist for the Organised Crime and Corruption Reporting Project, and founder of the Iceland Pirate Party.
Work and Income. If he can’t work as part of his parole conditions, nor leave his accommodation freely, than he has the right to a benefit to cover his living expenses.
Essentially he is a welfare bludger, and publicly stating that he is not trying to get a job, hopefully will get him sanctioned by Work and Income.
Not holding my breath tho.
The climate change fuelled extreme weather systems plaguing Fiji, the Philippines and other front line climate change states, may be visited on the rest of the world a lot sooner than was previously expected.
“John Key is taking a risk defending the foreign trust regime in the wake of the global trust fund scandal and its New Zealand links.
If the Prime Minister assumes that the issue may be over within the week, then he is calculating that nothing else with New Zealand connections is lurking in the devastating leak of records from Panama law firm Mossack Fonseca. Mr Key insists New Zealand is not a tax haven but even if it does not fit the criteria, the existence here of nearly 12,000 foreign trusts suggests the financial rules, such as they are, appeal to the industry.
The trusts pay no New Zealand tax on foreign earnings. Their beneficiaries are not registered and their accounts are not filed with any public body. The Government argued this week that arrangements with other countries to share tax information was a powerful deterrent against individuals who sought to conceal their affairs.
Tax experts however have challenged these assurances. Craig Elliffe, a tax law specialist at the University of Auckland, described the disclosure rules as ” almost dangerously weak”.
By themselves, foreign trusts are not illegal. The use of tax havens is second nature to owners of substantial assets.
The trove of documents in the Panama Papers, however, has set off inquiries into the source of some assets. The European tax commissioner, Pierre Moscovici, called much of the activity “immoral, unethical and simply unacceptable”.
mmm..,
i have been listening (again) to “the smartest guys in the room” the story of the enron rise and deline by bethany mclean.
andrew fastow, chief financial officer of enron, set up a couple of companies to take toxic assets off enrons books for a short time.
when setting up the capital for his companies, fastow got 10s of millions from the big boys- credit suisse, goldman etc also a group of traders at merril lynch stumped up cash. in the late ’90s.
it’s a great yarn and insight into the ways of these sorts of people.
And so it begins. While our Govt is rushing to get the ratification through for the TPP that they signed, the US are beginning to alter it to suit their large corporate donors.
USTR Plans To Use TPP Implementation To Address Longstanding IP Problems
Buried in the 2016 National Trade Estimate (NTE) report is a pledge from the Office of the U.S. Trade Representative to use the implementation of the Trans-Pacific Partnership to address what the administration views as longstanding shortcomings in intellectual property (IP) protection in all 11 TPP countries.
“Amid Panama Papers leak, it has emerged the U.K. prime minister intervened to prevent the EU from requiring offshore trusts in tax havens to reveal owners.
British Prime Minister David Cameron personally intervened against cracking down on offshore trusts in tax havens by the European Union in 2013, in what seems to be his efforts to protect his father’s trust, which was revealed by the recent Panama Papers leak.
…. ”
______________________
Women and men interested in women’s role in forming NZ – good radio interview this morning between Phillipa Tolley and Barbara Brookes who has researched and written a book about it. Very good interview to listen to. http://www.radionz.co.nz/audio/player/201796408
Guest host Philippa Tolley interviews Barbara Brookes, Professor of History at the University of Otago, about her new book A History of New Zealand Women.
I will be on Kevin Barrett’s Truth jihad show live today! I have been booked from 1-2 PM but will be on standby from 12 pm in case he can’t make a connection with his first guest!
I will be talking about John Key, his banking, tax haven creating career, the Panama Papers, Earthquakes, Lord Ashcroft’s secret visits to name a few subjects!
Suad Amiry: conservation architecture and Palestine
9:40 AM. Guest host Philippa Tolley interviews Palestinian conservation architect and writer Suad Amiry, founder of the Riwaq Centre for Architectural Conservation, and author of Sharon and My Mother in Law, and Golda Slept Here. http://www.radionz.co.nz/audio/player/201796410
also
I caught some of that, she was very good. Her description of how Palestinians lost their homes, gardens, things with personal connection (not just their country) and what that means, especially for the people living only a few kilometres from what they have lost with someone else now living there, was both poignant and a far better explanation of why the Palestinian/Israeli situation is so intractable than any amount of geopolitical theory.
Especially poignant when someone went to see their old home and were not allowed to look at it, or even to talk to the new occupant. And I think that they were seeking an old photo which had to be left behind, and which just might have been recoverable.
Mr Eaqub on the nz s trust business, there seems to be parallels with said trust business and dotcoms mega business, in that while both are probably not directly involved in illegal actions , they are certainly providing a vehicle for dodgy behaviour.
“David Cameron’s terrible week ends with calls for resignation over Panama Papers
PM should have come clean earlier about shares in father’s offshore investment fund to avoid further damage, ..
David Cameron was in Washington rubbing shoulders with world leaders, sun-tanned and relaxed after a holiday in Lanzarote, when an email revealing what the Guardian knew about his father’s tax affairs dropped on Conservative HQ.
From that moment, the prime minister would have known there was a serious risk of people finding out about the £30,000 of shares he previously owned in Ian Cameron’s offshore investment fund.
It would look terrible to a public already outraged about tax avoidance that a wealthy young Cameron had chosen to buy shares in Blairmore, the fund based in Panama and the Bahamas that never paid a penny of tax in Britain.
This was the point at which Cameron should have made a clean breast of the facts, Labour and some of his own Conservative MPs now say.
..
Leadership challenge
It would have saved the prime minister the worst week of his professional life, which has ended with calls for him to resign, a flurry of bets on a leadership challenge this year and undermined public trust in his premiership.
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“DAVE’S DARKEST DAY: Tax scandal, EU leaflet row…now public like Cameron LESS than CORBYN
DAVID Cameron has endured his darkest day in Downing Street as his approval ratings slumped LOWER than Jeremy Corbyn’s for the first time. ….”
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Thanks Penny (29) for the info, particularly that of a protest at Downing St. This is something our msm should be reporting on. However, I’d say msm is under strict orders to comply with the NatzKEY hierarchy or else!
I hope Cameron’s present situation gives FJK cause to sweat and sweat hard! Hopefully he will be having some very unpleasant sleepless nights!
“Democratic presidential candidate Bernie Sanders will travel to the Vatican later this month, a visit that would provide images of the candidate at a major international venue as his foreign policy qualifications are under attack by rival Hillary Clinton.
Sanders’ visit to attend an April 15 conference on economic and environmental issues hosted by a pontifical academy will put him at the seat of the Roman Catholic Church just four days before the New York primary.
The visit also potentially injects into the Democratic nominating contest the agenda of Pope Francis, one of the most popular world leaders whose leadership of the Catholic church is especially admired by the political progressives who play an outsized role in Democratic primaries.
……”
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Twitter going off with #resigncameron ! https://twitter.com/hashtag/ResignCameron?src=hash bugger the mainstream news! Theres a tropical dress code for the protest & someone has found an old tweet from Osbourne spouting that tax evaders are criminals. Reckon this could be it for Cameron? Dirty dirty rightwing hollowman gets his oats.
Hi,It’s almost Christmas Day which means it is almost my birthday, where you will find me whimpering in the corner clutching a warm bottle of Baileys.If you’re out of ideas for presents (and truly desperate) then it is possible to gift a full Webworm subscription to a friend (or enemy) ...
This morning’s six standouts for me at 6.30am include:Rachel Helyer Donaldson’s scoop via RNZ last night of cuts to maternity jobs in the health system;Maddy Croad’s scoop via The Press-$ this morning on funding cuts for Christchurch’s biggest food rescue charity;Benedict Collins’ scoop last night via 1News on a last-minute ...
A listing of 25 news and opinion articles we found interesting and shared on social media during the past week: Sun, December 15, 2024 thru Sat, December 21, 2024. Based on feedback we received, this week's roundup is the first one published soleley by category. We are still interested in ...
Well, I've been there, sitting in that same chairWhispering that same prayer half a million timesIt's a lie, though buried in disciplesOne page of the Bible isn't worth a lifeThere's nothing wrong with youIt's true, it's trueThere's something wrong with the villageWith the villageSomething wrong with the villageSongwriters: Andrew Jackson ...
ACT would like to dictate what universities can and can’t say. We knew it was coming. It was outlined in the coalition agreement and has become part of Seymour’s strategy of “emphasising public funding” to prevent people from opposing him and his views—something he also uses to try and de-platform ...
Skeptical Science is partnering with Gigafact to produce fact briefs — bite-sized fact checks of trending claims. This fact brief was written by Sue Bin Park from the Gigafact team in collaboration with members from our team. You can submit claims you think need checking via the tipline. Are we heading ...
So the Solstice has arrived – Summer in this part of the world, Winter for the Northern Hemisphere. And with it, the publication my new Norse dark-fantasy piece, As Our Power Lessens at Eternal Haunted Summer: https://eternalhauntedsummer.com/issues/winter-solstice-2024/as-our-power-lessens/ As previously noted, this one is very ‘wyrd’, and Northern Theory of Courage. ...
The Natural Choice: As a starter for ten percent of the Party Vote, “saving the planet” is a very respectable objective. Young voters, in particular, raised on the dire (if unheeded) warnings of climate scientists, and the irrefutable evidence of devastating weather events linked to global warming, vote Green. After ...
The Government cancelled 60% of Kāinga Ora’s new builds next year, even though the land for them was already bought, the consents were consented and there are builders unemployed all over the place. Photo: Lynn Grieveson / The KākāMōrena. Long stories short, the six things that mattered in Aotearoa’s political ...
Photo by CHUTTERSNAP on UnsplashEvery morning I get up at 3am to go around the traps of news sites in Aotearoa and globally. I pick out the top ones from my point of view and have been putting them into my Dawn Chorus email, which goes out with a podcast. ...
Over on Kikorangi Newsroom's Marc Daalder has published his annual OIA stats. So I thought I'd do mine: 82 OIA requests sent in 2024 7 posts based on those requests 20 average working days to receive a response Ministry of Justice was my most-requested entity, ...
Welcome to the December 2024 Economic Bulletin. We have two monthly features in this edition. In the first, we discuss what the Half Year Economic and Fiscal Update from Treasury and the Budget Policy Statement from the Minister of Finance tell us about the fiscal position and what to ...
The NZCTU Te Kauae Kaimahi have submitted against the controversial Treaty Principles Bill, slamming the Bill as a breach of Te Tiriti o Waitangi and an attack on tino rangatiratanga and the collective rights of Tangata Whenua. “This Bill seeks to legislate for Te Tiriti o Waitangi principles that are ...
I don't knowHow to say what's got to be saidI don't know if it's black or whiteThere's others see it redI don't get the answers rightI'll leave that to youIs this love out of fashionOr is it the time of yearAre these words distraction?To the words you want to hearSongwriters: ...
Our economy has experienced its worst recession since 1991. Photo: Lynn Grieveson / The KākāMōrena. Long stories short, the six things that matter in Aotearoa’s political economy around housing, climate and poverty on Friday, December 20 in The Kākā’s Dawn Chorus podcast above and the daily Pick ‘n’ Mix below ...
Twas the Friday before Christmas and all through the week we’ve been collecting stories for our final roundup of the year. As we start to wind down for the year we hope you all have a safe and happy Christmas and new year. If you’re travelling please be safe on ...
The podcast above of the weekly ‘Hoon’ webinar for paying subscribers on Thursday night features co-hosts & talking about the year’s news with: on climate. Her book of the year was Tim Winton’s cli-fi novel Juice and she also mentioned Mike Joy’s memoir The Fight for Fresh Water. ...
The Government can head off to the holidays, entitled to assure itself that it has done more or less what it said it would do. The campaign last year promised to “get New Zealand back on track.” When you look at the basic promises—to trim back Government expenditure, toughen up ...
Open access notables An intensification of surface Earth’s energy imbalance since the late 20th century, Li et al., Communications Earth & Environment:Tracking the energy balance of the Earth system is a key method for studying the contribution of human activities to climate change. However, accurately estimating the surface energy balance ...
Photo by Mauricio Fanfa on UnsplashKia oraCome and join us for our weekly ‘Hoon’ webinar with paying subscribers to The Kākā for an hour at 5 pm today.Jump on this link on YouTube Livestream for our chat about the week’s news with myself , plus regular guests and , ...
“Like you said, I’m an unreconstructed socialist. Everybody deserves to get something for Christmas.”“ONE OF THOSE had better be for me!” Hannah grinned, fascinated, as Laurie made his way, gingerly, to the bar, his arms full of gift-wrapped packages.“Of course!”, beamed Laurie. Depositing his armful on the bar-top and selecting ...
Data released by Statistics New Zealand today showed a significant slowdown in the economy over the past six months, with GDP falling by 1% in September, and 1.1% in June said CTU Economist Craig Renney. “The data shows that the size of the economy in GDP terms is now smaller ...
One last thing before I quitI never wanted any moreThan I could fit into my headI still remember every single word you saidAnd all the shit that somehow came along with itStill, there's one thing that comforts meSince I was always caged and now I'm freeSongwriters: David Grohl / Georg ...
Sparse offerings outside a Te Kauwhata church. Meanwhile, the Government is cutting spending in ways that make thousands of hungry children even hungrier, while also cutting funding for the charities that help them. It’s also doing that while winding back new building of affordable housing that would allow parents to ...
It is difficult to make sense of the Luxon Coalition Government’s economic management.This end-of-year review about the state of economic management – the state of the economy was last week – is not going to cover the National Party contribution. Frankly, like every other careful observer, I cannot make up ...
This morning I awoke to the lovely news that we are firmly back on track, that is if the scale was reversed.NZ ranks low in global economic comparisonsNew Zealand's economy has been ranked 33rd out of 37 in an international comparison of which have done best in 2024.Economies were ranked ...
Remember those silent movies where the heroine is tied to the railway tracks or going over the waterfall in a barrel? Finance Minister Nicola Willis seems intent on portraying herself as that damsel in distress. According to Willis, this country’s current economic problems have all been caused by the spending ...
Similar to the cuts and the austerity drive imposed by Ruth Richardson in the 1990’s, an era which to all intents and purposes we’ve largely fiddled around the edges with fixing in the time since – over, to be fair, several administrations – whilst trying our best it seems to ...
String-Pulling in the Dark: For the democratic process to be meaningful it must also be public. WITH TRUST AND CONFIDENCE in New Zealand’s politicians and journalists steadily declining, restoring those virtues poses a daunting challenge. Just how daunting is made clear by comparing the way politicians and journalists treated New Zealanders ...
Dear Nicola Willis, thank you for letting us know in so many words that the swingeing austerity hasn't worked.By in so many words I mean the bit where you said, Here is a sea of red ink in which we are drowning after twelve months of savage cost cutting and ...
The Open Government Partnership is a multilateral organisation committed to advancing open government. Countries which join are supposed to co-create regular action plans with civil society, committing to making verifiable improvements in transparency, accountability, participation, or technology and innovation for the above. And they're held to account through an Independent ...
Today I tuned into something strange: a press conference that didn’t make my stomach churn or the hairs on the back of my neck stand on end. Which was strange, because it was about the torture of children. It was the announcement by Erica Stanford — on her own, unusually ...
This is a must watch, and puts on brilliant and practical display the implications and mechanics of fast-track law corruption and weakness.CLICK HERE: LINK TO WATCH VIDEOOur news media as it is set up is simply not equipped to deal with the brazen disinformation and corruption under this right wing ...
NZCTU Te Kauae Kaimahi Acting Secretary Erin Polaczuk is welcoming the announcement from Minister of Workplace Relations and Safety Brooke van Velden that she is opening consultation on engineered stone and is calling on her to listen to the evidence and implement a total ban of the product. “We need ...
The Government has announced a 1.5% increase in the minimum wage from 1 April 2025, well below forecast inflation of 2.5%. Unions have reacted strongly and denounced it as a real terms cut. PSA and the CTU are opposing a new round of staff cuts at WorkSafe, which they say ...
The decision to unilaterally repudiate the contract for new Cook Strait ferries is beginning to look like one of the stupidest decisions a New Zealand government ever made. While cancelling the ferries and their associated port infrastructure may have made this year's books look good, it means higher costs later, ...
Hi there! I’ve been overseas recently, looking after a situation with a family member. So apologies if there any less than focused posts! Vanuatu has just had a significant 7.3 earthquake. Two MFAT staff are unaccounted for with local fatalities.It’s always sad to hear of such things happening.I think of ...
Today is a special member's morning, scheduled to make up for the government's theft of member's days throughout the year. First up was the first reading of Greg Fleming's Crimes (Increased Penalties for Slavery Offences) Amendment Bill, which was passed unanimously. Currently the House is debating the third reading of ...
We're going backwardsIgnoring the realitiesGoing backwardsAre you counting all the casualties?We are not there yetWhere we need to beWe are still in debtTo our insanitiesSongwriter: Martin Gore Read more ...
Willis blamed Treasury for changing its productivity assumptions and Labour’s spending increases since Covid for the worsening Budget outlook. Photo: Getty ImagesMōrena. Long stories short, the six things that matter in Aotearoa’s political economy around housing, climate and poverty on Wednesday, December 18 in The Kākā’s Dawn Chorus podcast above ...
Today the Auckland Transport board meet for the last time this year. For those interested (and with time to spare), you can follow along via this MS Teams link from 10am. I’ve taken a quick look through the agenda items to see what I think the most interesting aspects are. ...
Hi,If you’re a New Zealander — you know who Mike King is. He is the face of New Zealand’s battle against mental health problems. He can be loud and brash. He raises, and is entrusted with, a lot of cash. Last year his “I Am Hope” charity reported a revenue ...
Probably about the only consolation available from yesterday’s unveiling of the Half-Yearly Economic and Fiscal Update (HYEFU) is that it could have been worse. Though Finance Minister Nicola Willis has tightened the screws on future government spending, she has resisted the calls from hard-line academics, fiscal purists and fiscal hawks ...
The right have a stupid saying that is only occasionally true:When is democracy not democracy? When it hasn’t been voted on.While not true in regards to branches of government such as the judiciary, it’s a philosophy that probably should apply to recently-elected local government councillors. Nevertheless, this concept seemed to ...
Long story short: the Government’s austerity policy has driven the economy into a deeper and longer recession that means it will have to borrow $20 billion more over the next four years than it expected just six months ago. Treasury’s latest forecasts show the National-ACT-NZ First Government’s fiscal strategy of ...
Come and join myself and CTU Chief Economist for a pop-up ‘Hoon’ webinar on the Government’s Half Yearly Economic and Fiscal Update (HYEFU) with paying subscribers to The Kākā for 30 minutes at 5 pm today.Jump on this link on YouTube Livestream to watch our chat. Don’t worry if ...
In 1998, in the wake of the Paremoremo Prison riot, the Department of Corrections established the "Behaviour Management Regime". Prisoners were locked in their cells for 22 or 23 hours a day, with no fresh air, no exercise, no social contact, no entertainment, and in some cases no clothes and ...
New data released by the Treasury shows that the economic policies of this Government have made things worse in the year since they took office, said NZCTU Economist Craig Renney. “Our fiscal indicators are all heading in the wrong direction – with higher levels of debt, a higher deficit, and ...
At the 2023 election, National basically ran on a platform of being better economic managers. So how'd that turn out for us? In just one year, they've fucked us for two full political terms: The government's books are set to remain deeply in the red for the near term ...
AUSTERITYText within this block will maintain its original spacing when publishedMy spreadsheet insists This pain leads straight to glory (File not found) Read more ...
The NZCTU Te Kauae Kaimahi are saying that the Government should do the right thing and deliver minimum wage increases that don’t see workers fall further behind, in response to today’s announcement that the minimum wage will only be increased by 1.5%, well short of forecast inflation. “With inflation forecast ...
Oh, I weptFor daysFilled my eyesWith silly tearsOh, yeaBut I don'tCare no moreI don't care ifMy eyes get soreSongwriters: Paul Rodgers / Paul Kossoff. Read more ...
This is a re-post from Yale Climate Connections by Bob HensonIn this aerial view, fingers of meltwater flow from the melting Isunnguata Sermia glacier descending from the Greenland Ice Sheet on July 11, 2024, near Kangerlussuaq, Greenland. According to the Programme for Monitoring of the Greenland Ice Sheet (PROMICE), the ...
In August, I wrote an article about David Seymour1 with a video of his testimony, to warn that there were grave dangers to his Ministry of Regulation:David Seymour's Ministry of Slush Hides Far Greater RisksWhy Seymour's exorbitant waste of taxpayers' money could be the least of concernThe money for Seymour ...
Willis is expected to have to reveal the bitter fiscal fruits of her austerity strategy in the HYEFU later today. Photo: Lynn Grieveson/TheKakaMōrena. Long stories short, the six things that matter in Aotearoa’s political economy around housing, climate and poverty on Tuesday, December 17 in The Kākā’s Dawn Chorus podcast ...
On Friday the government announced it would double the number of toll roads in New Zealand as well as make a few other changes to how toll roads are used in the country. The real issue though is not that tolling is being used but the suggestion it will make ...
The Prime Minister yesterday engaged in what looked like a pre-emptive strike designed to counter what is likely to be a series of depressing economic statistics expected before the end of the week. He opened his weekly post-Cabinet press conference with a recitation of the Government’s achievements. “It certainly has ...
This whooping cough story from south Auckland is a good example of the coalition government’s approach to social need – spend money on urging people to get vaccinated but only after you’ve cut the funding to where they could get vaccinated. This has been the case all year with public ...
And if there is a GodI know he likes to rockHe likes his loud guitarsHis spiders from MarsAnd if there is a GodI know he's watching meHe likes what he seesBut there's trouble on the breezeSongwriter: William Patrick Corgan Read more ...
Here’s a quick round up of today’s political news:1. MORE FOOD BANKS, CHARITIES, DOMESTIC VIOLENCE SHELTERS AND YOUTH SOCIAL SERVICES SET TO CLOSE OR SCALE BACK AROUND THE COUNTRY AS GOVT CUTS FUNDINGSome of Auckland's largest foodbanks are warning they may need to close or significantly reduce food parcels after ...
Iain Rennie, CNZMSecretary and Chief Executive to the TreasuryDear Secretary, Undue restrictions on restricted briefings This week, the Treasury barred representatives from four organisations, including the New Zealand Council of Trade Unions Te Kauae Kaimahi, from attending the restricted briefing for the Half-Year Economic and Fiscal Update. We had been ...
This is a guest post by Tim Adriaansen, a community, climate, and accessibility advocate.I won’t shut up about climate breakdown, and whenever possible I try to shift the focus of a climate conversation towards solutions. But you’ll almost never hear me give more than a passing nod to ...
A grassroots backlash has forced a backdown from Brown, but he is still eyeing up plenty of tolls for other new roads. And the pressure is on Willis to ramp up the Government’s austerity strategy. Photo: Getty ImagesMōrena. Long stories short, the six things that matter in Aotearoa’s political economy ...
Hi all,I'm pretty overwhelmed by all your messages and emails today; thank you so very much.As much as my newsletter this morning was about money, and we all need to earn money, it was mostly about world domination if I'm honest. 😉I really hate what’s happening to our country, and ...
A listing of 23 news and opinion articles we found interesting and shared on social media during the past week: Sun, December 8, 2024 thru Sat, December 14, 2024. Listing by Category Like last week's summary this one contains the list of articles twice: based on categories and based on ...
I started writing this morning about Hobson’s Pledge, examining the claims they and their supporters make, basically ripping into them. But I kept getting notifications coming through, and not good ones.Each time I looked up, there was another un-subscription message, and I felt a bit sicker at the thought of ...
Once, long before there was Harry and Meghan and Dodi and all those episodes of The Crown, they came to spend some time with us, Charles and Diana. Was there anyone in the world more glamorous than the Princess of Wales?Dazzled as everyone was by their company, the leader of ...
The collective right have a problem.The entire foundation for their world view is antiscientific. Their preferred economic strategies have been disproven. Their whole neoliberal model faces accusations of corporate corruption and worsening inequality. Climate change not only definitely exists, its rapid progression demands an immediate and expensive response in order ...
Just ten days ago, South Korea's president attempted a self-coup, declaring martial law and attempting to have opposition MPs murdered or arrested in an effort to seize unconstrained power. The attempt was rapidly defeated by the national assembly voting it down and the people flooding the streets to defend democracy. ...
Hi,“What I love about New Zealanders is that sometimes you use these expressions that as Americans we have no idea what those things mean!"I am watching a 30-something year old American ramble on about how different New Zealanders are to Americans. It’s his podcast, and this man is doing a ...
National has only been in power for a year, but everywhere you look, its choices are taking New Zealand a long way backwards. In no particular order, here are the National Government's Top 50 Greatest Misses of its first year in power. ...
The Government is quietly undertaking consultation on the dangerous Regulatory Standards Bill over the Christmas period to avoid too much attention. ...
The Government’s planned changes to the freedom of speech obligations of universities is little more than a front for stoking the political fires of disinformation and fear, placing teachers and students in the crosshairs. ...
The Ministry of Regulation’s report into Early Childhood Education (ECE) in Aotearoa raises serious concerns about the possibility of lowering qualification requirements, undermining quality and risking worse outcomes for tamariki, whānau, and kaiako. ...
A Bill to modernise the role of Justices of the Peace (JP), ensuring they remain active in their communities and connected with other JPs, has been put into the ballot. ...
Labour will continue to fight unsustainable and destructive projects that are able to leap-frog environment protection under National’s Fast-track Approvals Bill. ...
The Green Party has warned that a Green Government will revoke the consents of companies who override environmental protections as part of Fast-Track legislation being passed today. ...
The Green Party says the Half Year Economic and Fiscal Update shows how the Government is failing to address the massive social and infrastructure deficits our country faces. ...
The Government’s latest move to reduce the earnings of migrant workers will not only hurt migrants but it will drive down the wages of Kiwi workers. ...
Te Pāti Māori has this morning issued a stern warning to Fast-Track applicants with interests in mining, pledging to hold them accountable through retrospective liability and to immediately revoke Fast-Track consents under a future Te Pāti Māori government. This warning comes ahead of today’s third reading of the Fast-Track Approvals ...
The Government’s announcement today of a 1.5 per cent increase to minimum wage is another blow for workers, with inflation projected to exceed the increase, meaning it’s a real terms pay reduction for many. ...
All the Government has achieved from its announcement today is to continue to push responsibility back on councils for its own lack of action to help bring down skyrocketing rates. ...
The Government has used its final post-Cabinet press conference of the year to punch down on local government without offering any credible solutions to the issues our councils are facing. ...
The Government has failed to keep its promise to ‘super charge’ the EV network, delivering just 292 chargers - less than half of the 670 chargers needed to meet its target. ...
The Green Party is calling for the Government to stop subsidising the largest user of the country’s gas supplies, Methanex, following a report highlighting the multi-national’s disproportionate influence on energy prices in Aotearoa. ...
The Green Party is appalled with the Government’s new child poverty targets that are based on a new ‘persistent poverty’ measure that could be met even with an increase in child poverty. ...
New independent analysis has revealed that the Government’s Emissions Reduction Plan (ERP) will reduce emissions by a measly 1 per cent by 2030, failing to set us up for the future and meeting upcoming targets. ...
The loss of 27 kaimahi at Whakaata Māori and the end of its daily news bulletin is a sad day for Māori media and another step backwards for Te Tiriti o Waitangi justice. ...
Yesterday the Government passed cruel legislation through first reading to establish a new beneficiary sanction regime that will ultimately mean more households cannot afford the basic essentials. ...
Today's passing of the Government's Residential Tenancies Amendment Bill–which allows landlords to end tenancies with no reason–ignores the voice of the people and leaves renters in limbo ahead of the festive season. ...
After wasting a year, Nicola Willis has delivered a worse deal for the Cook Strait ferries that will end up being more expensive and take longer to arrive. ...
Green Party co-leader Chlöe Swarbrick has today launched a Member’s Bill to sanction Israel for its unlawful presence in the Occupied Palestinian Territory, as the All Out For Gaza rally reaches Parliament. ...
After years of advocacy, the Green Party is very happy to hear the Government has listened to our collective voices and announced the closure of the greyhound racing industry, by 1 August 2026. ...
In response to a new report from ERO, the Government has acknowledged the urgent need for consistency across the curriculum for Relationship and Sexuality Education (RSE) in schools. ...
The Green Party is appalled at the Government introducing legislation that will make it easier to penalise workers fighting for better pay and conditions. ...
Thank you for the invitation to speak with you tonight on behalf of the political party I belong to - which is New Zealand First. As we have heard before this evening the Kinleith Mill is proposing to reduce operations by focusing on pulp and discontinuing “lossmaking paper production”. They say that they are currently consulting on the plan to permanently shut ...
Auckland Central MP, Chlöe Swarbrick, has written to Mayor Wayne Brown requesting he stop the unnecessary delays on St James Theatre’s restoration. ...
Health Minister Dr Shane Reti says Health New Zealand will move swiftly to support dozens of internationally-trained doctors already in New Zealand on their journey to employment here, after a tripling of sought-after examination places. “The Medical Council has delivered great news for hardworking overseas doctors who want to contribute ...
Prime Minister Christopher Luxon has appointed Sarah Ottrey to the APEC Business Advisory Council (ABAC). “At my first APEC Summit in Lima, I experienced firsthand the role that ABAC plays in guaranteeing political leaders hear the voice of business,” Mr Luxon says. “New Zealand’s ABAC representatives are very well respected and ...
Prime Minister Christopher Luxon has announced four appointments to New Zealand’s intelligence oversight functions. The Honourable Robert Dobson KC has been appointed Chief Commissioner of Intelligence Warrants, and the Honourable Brendan Brown KC has been appointed as a Commissioner of Intelligence Warrants. The appointments of Hon Robert Dobson and Hon ...
Improvements in the average time it takes to process survey and title applications means housing developments can progress more quickly, Minister for Land Information Chris Penk says. “The government is resolutely focused on improving the building and construction pipeline,” Mr Penk says. “Applications to issue titles and subdivide land are ...
The Government’s measures to reduce airport wait times, and better transparency around flight disruptions is delivering encouraging early results for passengers ahead of the busy summer period, Transport Minister Simeon Brown says. “Improving the efficiency of air travel is a priority for the Government to give passengers a smoother, more reliable ...
The Government today announced the intended closure of the Apollo Hotel as Contracted Emergency Housing (CEH) in Rotorua, Associate Housing Minister Tama Potaka says. This follows a 30 per cent reduction in the number of households in CEH in Rotorua since National came into Government. “Our focus is on ending CEH in the Whakarewarewa area starting ...
The Government will reshape vocational education and training to return decision making to regions and enable greater industry input into work-based learning Tertiary Education and Skills Minister, Penny Simmonds says. “The redesigned system will better meet the needs of learners, industry, and the economy. It includes re-establishing regional polytechnics that ...
The Government is taking action to better manage synthetic refrigerants and reduce emissions caused by greenhouse gases found in heating and cooling products, Environment Minister Penny Simmonds says. “Regulations will be drafted to support a product stewardship scheme for synthetic refrigerants, Ms. Simmonds says. “Synthetic refrigerants are found in a ...
People travelling on State Highway 1 north of Hamilton will be relieved that remedial works and safety improvements on the Ngāruawāhia section of the Waikato Expressway were finished today, with all lanes now open to traffic, Transport Minister Simeon Brown says.“I would like to acknowledge the patience of road users ...
Tertiary Education and Skills Minister, Penny Simmonds, has announced a new appointment to the board of Education New Zealand (ENZ). Dr Erik Lithander has been appointed as a new member of the ENZ board for a three-year term until 30 January 2028. “I would like to welcome Dr Erik Lithander to the ...
The Government will have senior representatives at Waitangi Day events around the country, including at the Waitangi Treaty Grounds, but next year Prime Minister Christopher Luxon has chosen to take part in celebrations elsewhere. “It has always been my intention to celebrate Waitangi Day around the country with different ...
Two more criminal gangs will be subject to the raft of laws passed by the Coalition Government that give Police more powers to disrupt gang activity, and the intimidation they impose in our communities, Police Minister Mark Mitchell says. Following an Order passed by Cabinet, from 3 February 2025 the ...
Attorney-General Judith Collins today announced the appointment of Justice Christian Whata as a Judge of the Court of Appeal. Justice Whata’s appointment as a Judge of the Court of Appeal will take effect on 1 August 2025 and fill a vacancy created by the retirement of Hon Justice David Goddard on ...
The latest economic figures highlight the importance of the steps the Government has taken to restore respect for taxpayers’ money and drive economic growth, Finance Minister Nicola Willis says. Data released today by Stats NZ shows Gross Domestic Product fell 1 per cent in the September quarter. “Treasury and most ...
Tertiary Education and Skills Minister Penny Simmonds and Associate Minister of Education David Seymour today announced legislation changes to strengthen freedom of speech obligations on universities. “Freedom of speech is fundamental to the concept of academic freedom and there is concern that universities seem to be taking a more risk-averse ...
Police Minister, Mark Mitchell, and Internal Affairs Minister, Brooke van Velden, today launched a further Public Safety Network cellular service that alongside last year’s Cellular Roaming roll-out, puts globally-leading cellular communications capability into the hands of our emergency responders. The Public Safety Network’s new Cellular Priority service means Police, Wellington ...
State Highway 1 through the Mangamuka Gorge has officially reopened today, providing a critical link for Northlanders and offering much-needed relief ahead of the busy summer period, Transport Minister Simeon Brown says.“The Mangamuka Gorge is a vital route for Northland, carrying around 1,300 vehicles per day and connecting the Far ...
The Government has welcomed decisions by the NZ Transport Agency (NZTA) and Ashburton District Council confirming funding to boost resilience in the Canterbury region, with construction on a second Ashburton Bridge expected to begin in 2026, Transport Minister Simeon Brown says. “Delivering a second Ashburton Bridge to improve resilience and ...
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Wonder who the 6 donors were.
Wonder if one was Donghua Liu.
Wonder if it was to help Oravida buy up Ashburton’s water.
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11619417
@ Paul (1) – Enough evidence that FJK is a Traitor! Why the desperation to get HIS flag across the line?
And isn’t it interesting that the NZH article from David Fisher is not open for comment or debate?
Key meets in secret with Chinese donors to raise money for flag change??? If you’re not angry yet you’re not paying attention!
http://thedailyblog.co.nz/2016/04/09/key-meets-in-secret-with-chinese-donors-to-raise-money-for-flag-change-if-youre-not-angry-yet-youre-not-paying-attention/#comment-332238
Key meets in secret with Chinese donors to raise money for flag change??? If you’re not angry yet you’re not paying attention!
http://thedailyblog.co.nz/2016/04/09/key-meets-in-secret-with-chinese-donors-to-raise-money-for-flag-change-if-youre-not-angry-yet-youre-not-paying-attention/#comment-332238
Treason is not too strong a word for this behaviour.
treason
[tree-zuh n]
1.the offense of acting to overthrow one’s government or to harm or kill its sovereign.
2. a violation of allegiance to one’s sovereign or to one’s state.
3. the betrayal of a trust or confidence; breach of faith; treachery.
http://www.dictionary.com/browse/treason
Hi Paul,
“…the offense of acting to overthrow one’s government or to harm or kill its sovereign.”
The definition of acting to overthrow one’s government or to harm or kill its sovereign, is termed in law “High Treason”.
There is no case to argue that John Key is guilty of “High Treason”.
There is a argument that he is guilty of the lesser charge, as defined:
Throughout human history, traitors have been considered even worse than open enemies.
This human antipathy toward traitors, has been suggested as a reason why many working people, impacted by Labour’s neo-liberal direction during the 1980s, voted for National in big numbers through the ’90s. (And even, why many still do.)
“One Who Delivers”
Prime Minister John Key sullies New Zealand’s reputation. And then lies and tries to cover it up.
Treacherous?
You decide.
http://www.radionz.co.nz/audio/player/201796260
As the sickening revelations of international tax evasion by criminal gangs and corrupt government officials around the world keep pouring out.
New Zealand’s role revealed in this scandal, comes under investigation.
Radio NZ Morning Report, Guyon Espina interviews Gerard Ryle.
Gerard Ryle is the director of the International Consortium of Investigative Journalists.
The ICIJ is the organisation that headed the investigation of the so called, leaked “Panama Papers” and oversaw their global release.
NZ “a very nice front for criminals” – Panama Papers journalist
8:25 am on 8 April 2016
http://www.radionz.co.nz/national/programmes/morningreport/audio/201796260/nz-a-very-nice-front-for-criminals-panama-papers-journalist
@2:36 Minutes:
@2:57 Minutes:
@3:18 Minutes:
@3:50 Minutes:
@4:55 Minutes:
The ICIJ has published some very interesting data relating to tax havens around the world and despite what the PM and other Ministers say, New Zealand is named as a tax haven in one of the graphs produced. Take a look at the link (under the headline “From the Caribbean to the Pacific: tax havens used by Mossack Fonseca”). https://panamapapers.icij.org/graphs/
This situation needs to be rectified to salvage what is left of NZ’s international reputation before it is too late.
“Act-shully, helping to hide the funds made from pedophilia and rape rings, and supplying Assad with weapons to carry out mass murder, is not that bad.” Jonky
http://m.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11616609
@Paul the man is a money grabber and I bet if the chairman of the National Party was there then he would have had his hand out. I thought they were not allowed to have fund raising in the halls of Parliament?
This is another story showing the rot and corruption at the heart of this cadre running the country, yet the main story is still the Panama Papers.
Key would accept any distraction to avoid that being investigated.
I wonder Lucy if Dr Mapp could explain this 👿
Your comment intrigues me. Can you please explain how “a private room of an Auckland Chinese restaurant” is somehow “the halls of Parliament”?
I thought that “the halls of Parliament” were in Thorndon in Wellington.
Just checking how much a defender of the 1% you are.
a. Do you think Key should have done this?
b. Do you think Key’s position on tax havens is defensible?
Do you think your dopey mate North should apologise to Colonial Viper?
http://thestandard.org.nz/obama-calls-for-international-tax-reform-what-will-key-do-now/#comment-1157673
What on earth do your questions have to do with the location of Parliament, by the way?
No answer = a defender.
OK
Do you want to try answering his question or is it too hard for you?
Andrew Little says “It looks like a National Party project.”
It WAS a National Party project from start to finish – even down to the colours chosen for the replacement flag.
Well, that little bit of subterfuge isn’t going to make those wealthy Chinese involved very popular with the rest of us.
And couldn’t that be a handy diversion from looking into the links between Key and Panama?
The Panama Papers show us once and for all we can’t afford the rich.
” the truth is that we have all been robbed, systematically, by the world’s wealthiest people, for decades. They have used those stolen dollars to build yet more wealth for themselves, and all the while we have been arguing with ourselves over what to do with the leftover pennies.”
http://www.theguardian.com/commentisfree/2016/apr/07/panama-papers-taxes-universal-basic-income-public-services
@Paul had a look at the personnel at IJIC and NZ has one investigative journalist Nicky Hager wonder if the police were looking for information on Panama Papers when they took his computers?
Quite possibly.
I can almost guarantee it Lucy (2.1). The exposure of the Panama documents throw a whole new perspective on the reason for the police raid and destruction of Nicky’s digital information.
More fallout from the secrecy of the TPP negotiations- in Japan. Good!
Diet erupts in outrage as ex-minister’s TPP manuscript reveals details Abe kept under wraps
BY AYAKO MIE
The TPP process has been illegitimate, unethical and undemocratic because the major stakeholders, the people of each state, were not treated as stakeholders and were kept out of negotiations that involved the trading of their laws, regulations and signing up to a privatised, extrajudicial tribunal system that *claims precedence over each state’s own domestic judicial system.
*For the first time in treaty-based ISDS proceedings, an arbitral tribunal affirmed its jurisdiction over a counterclaim lodged by a respondent State against the investor.
http://unctad.org/en/PublicationsLibrary/webdiaepcb2013d3_en.pdf
Surely this invalid process should make the agreement invalid.
+1 TMM – looks like Key and Mitchell are rushing our TPPA process as fast as possible to force the biggest corporate welfare transfer to corporations as quickly as possible before more ‘panama papers’ disclosures and links are made.
http://www.globaljustice.org.uk/sites/default/files/files/resources/taxes-on-trial-how-trade-deals-threaten-tax-justice-global-justice-now.pdf
Seen that happening more and more where the government thinks that ‘stakeholders’ are the businesses that may be affected while ignoring the real stakeholders – the community around the area/nation. I first noticed it under the last Labour led government.
Actually was thinking to myself that “shareholders” seem to hold an elevated status above anyone else at present.
Forget the current flawed system that calls itself democracy – “one vote per citizen in country of birth or citizenship”. The world is being shaped by those shareholders who can ask their corporate lawyers to draft “agreements” that ensure their right to accumulate wealth globally is not interfered with by those self-same citizens.
QFT
Capitalism is anathema to democracy. It’s why we have representative democracy (really an elected dictatorship) rather than participatory democracy. The rich are terrified that the people will vote rich people out of existence.
Considering that we can’t afford the rich this is exactly what needs to be done.
David Cameron on the brink.
http://www.theguardian.com/news/2016/apr/08/david-cameron-panama-papers-offshore-fund-resignation-calls
What is needed for a closer inspection of our own share trader PM?
Does the Herald’s editorial suggest a turning of the tide?
‘John Key is taking a risk defending the foreign trust regime in the wake of the global trust fund scandal and its New Zealand links.
If the Prime Minister assumes that the issue may be over within the week, then he is calculating that nothing else with New Zealand connections is lurking in the devastating leak of records from Panama law firm Mossack Fonseca. Mr Key insists New Zealand is not a tax haven but even if it does not fit the criteria, the existence here of nearly 12,000 foreign trusts suggests the financial rules, such as they are, appeal to the industry
Mr Key might feel immune from the mounting international clamour against the activities of the super-wealthy, but the fact remains that the exploitation of loopholes is often at the expense of ordinary taxpayers because it deprives the public accounts of revenue to invest in education, health and social services.
The presence of seemingly untouchable foreign trusts and the recent disclosure of corporate profit shifting contributes to a picture that New Zealand, like many Western nations, accommodates an elite operating beyond the rules which govern the rest of the community. It is likely to become for Mr Key an increasingly indefensible position.’
http://www.nzherald.co.nz/politics/news/article.cfm?c_id=280&objectid=11619308
Pity it forgot to mention that Key himself is a member of the super wealthy club. That’s club he refers to when he sends soldiers to Iraq. The 1% club.
Some questions for Gower, Espiner, Ferguson to ask
Where is his $50 million stored?
Did he have any involvement with tax havens while at Merrill Lynch?
Why were laws changed in 2011?
@ Paul (4) – re your link to the NZH editorial ‘Key on Shaky ground.’
Let’s hope the ground is shaky enough to collapse and swallow the deceptive, treasonous piece of work! He has to go. At least “swine porker” Cameron has fessed up to his investments in foreign trusts, but only when the issue was made public and his family interests were exposed.
FJK has got his dirty money hidden away somewhere in foreign trusts. But the insult is that during his tenure, he has turned NZ into a money laundering racket, a tax haven where he has made it available for his despotic international corporate cronies to dump their grubby money here, to avoid paying tax! For the country to be mentioned 60,000 plus times in the Panama documents is evidence of this.
Welcome to NZ, the grubbiest little whorehouse of the pacific, courtesy of Pimp-in- Chief, John Philip Key!
Might be worth watching tomorrow on RNZ
8:12 Insight : The Panama Papers
This week on Insight, the BBC reports from The British Virgins Islands on how a law firm there has been used by rogue states and oppressive regimes, including North Korea and Syria, to set up shell companies.
9:06 Mediawatch
Hundreds of journalists in dozens of countries worked on The Panama Papers but our media were out of the loop. It was a pity – but was it also a problem?
“A top expert on tax havens explains why the Panama Papers barely scratch the surface”
transcript of interview with expert economist Gabriel Zucman,an assistant professor of economics at the University of California Berkeley.
A small excerpt:
“Offshore accounts also make it harder for everyone else to get rich, because they’re paying higher taxes to make up for the tax dollars the wealthy don’t pay when they shelter their assets overseas.”
And remember Mossack Fonseca’s is the forth largest law firm supplying services for tax havens – there are 3 others that are larger…..
And you would probably have to search for Keys family in those, he is unlikely to have it under his own name….
How hard can it be for one of the 300 journalists to do a search of the Panama papers for “John Philip Key”, Parnell, Auckland, New Zealand ? Come on journos
They are paid courtiers, not journalists.
with his background it is more likely his funds will be in one of the many US based dodges…..remember that MF is but one of an estimated 800 firms engaged in facilitating this practice
European media writing pro-US stories under CIA pressure – German journo
Commentators on RT are calling the Panama papers leak a “hack”, probably by the US intelligence services, aimed at discrediting the Russian and Chinese leadership.
However, someone didn’t do their homework thoroughly, and David Cameron has now also been caught in the blast.
(I’d pose the question of whether or not this has been designed to help get rid of Cameron, but that would sound like a “conspiracy theory”)
Every extended network will have a preferred ‘bag man’.There are other, larger companies in the same business. I guess Mossack Fonseca wasn’t everyone’s preferred firm.
On one side of the coin, it’s tough shit on those elites who used them that they’ve been exposed. On the other side of the coin, those media outlets that promote the (our) establishment and denigrate ‘official enemies’ must have been kind of whooping. Not every day is a “Fish in a Barrel” day.
And, just as we have news outlets that always side with ‘our’ establishment, so foreign establishments have their outlets that defend and promote them. So, youknow, if Mossack Fonseca had been full of US shits instead of Russian and Chinese shits, then ‘our’ media would have been running around yelping about some Chinese hack or other.
They’re all fuckers CV. And none of them deserve any of our good will or forbearance. And no-one is off the hook, given that Mossack Fonseca is not the biggest fish in that particular shoal of firms. The trick, if it can be pulled off, is to lift the lid on the others and not get drawn by any suggestion that the so-called ‘Panama Papers’ constitute the entire picture.
‘Our’ propaganda only need extend itself as far as suggesting just that. ‘Panama Papers’ sounds far more comprehensive than Mossack Fonseca papers, yes?
@ Gruntie (6) – I’m pretty sure one of FJK’s trusts is the JPB trust, which could be in his wife’s name and another is a blind trust. Not sure about any others he might and probably has. But maybe JPB might be a good start for searching.
I’d say the JP is for John Philip and the B is his wife’s first name.
Dr. Jill Stein,if you have not heard of her, her is a shortish interview, which will remedy that for you. P.S if the democrats shaft Bernie, me thinks that this is the women will get those votes.
thanks adam,
great interview and a couple of things are applicable here.
i reckon cutting off access to lobbyists would be a great idea.
I agree, but here it can be done quite sneaky.
As
http://thedailyblog.co.nz/2016/04/09/key-meets-in-secret-with-chinese-donors-to-raise-money-for-flag-change-if-youre-not-angry-yet-youre-not-paying-attention/
points out
Lobbying needs to be banned as it puts all the power into the hands of the rich/corporates – the people who can afford to buy lobbyists. It’s how a democracy becomes an oligarchy.
The last thing politicians want is to be cut off from lobbyists and lobbyists funding.
Dinner with Big Pharma anyone? Dinner with Big Donors anyone?
What if the problem with poverty is it’s profitable?
ven in the Great Depression, evictions used to be rare. Now, each year, hundreds of thousands, perhaps millions, of renters are put out on the street. Even a paid-up tenant can be easily evicted. Arleen loses one apartment when her son Jori throws a snowball at a passing car and the enraged driver kicks in the front door, and another when the police come after Jori when he kicks a teacher and runs home. Any kind of trouble that brings the police can lead to eviction, which means women can lose their homes if they call 911 when their man beats them up. Think about that the next time someone asks why women don’t call the cops on violent partners.
http://www.theguardian.com/books/2016/apr/07/evicted-poverty-and-profit-in-the-american-city-matthew-desmond-review
This (below) requires to be widely highlighted.
What Export From NZ Is Bigger Than Seafood & Milk Powder Combined?
http://thedailyblog.co.nz/2016/04/08/what-export-from-nz-is-bigger-than-seafood-milk-powder-combined/
@ The Chairman – that is a great link. Shocking.
Indeed.
So much for NZ requiring offshore investment.
No country needs offshore investment because they can always afford to utilise their own resources. Don’t have the knowledge? Then they can use the resources that the can use to develop that knowledge if it’s not already freely available (a lot of the basic knowledge already is).
Foreign investment is simply another tool of the rich to become richer at everyone else’s expense.
Yep +1
The model is predicated on the investors providing expertise which is absent locally. But counting capital as a ‘scarce resource’ is nonsense in an age of quantitative easing. Following this model is part of what went wrong with NZ governance.
Which almost never happens. What happens in real life is that the new offshore owner will grab the IP and close the business. If it’s left open then it continues to run as it did with little to no input of expertise from the foreign owner.
In other words, if we want expertise here then we need to develop it here.
It was always a nonsense to treat money as a scarce resource.
Economics doesn’t consider money a resource.
Yeah, actually, it does. That’s why the government keeps saying that we can’t afford anything despite having a) resources available and b) people to utilise those resources. Why they keep saying that we need foreign investment to do stuff that we’re quite capable of doing ourselves.
It is actually why some people keep demanding that we go back to the gold standard as well.
Investment seeks return and it’s these returns heading offshore that are detrimental to our economy.
Yet, the line NZ requires offshore investment is often touted. Unfortunately, even by Labour.
Profits leaving , investment entering , isn’t that money doing what it was invented for ie; circulating to provide the greese for society to operate.?
It only fails because the rules allow people to accumulate to much.
“It only fails because the rules allow people to accumulate to much.”
No. It also fails our economy when it heads offshore.
Offshore returns generally exceed the amount initially invested, leaving us with a fiscal shortfall.
Accumulating to much is largely a tax and low wages issue. Whereas, the concern here is the far greater after tax returns heading offshore.
Unless you are suggesting returns heading offshore can’t (through the tax system or capital controls) exceed the initial amount invested? Ceasing the current and detrimental fiscal shortfall offshore investment creates
“Unless you are suggesting returns heading offshore can’t (through the tax system or capital controls) exceed the initial amount invested?”
How you stop nz getting plundered for profit is beyond my education.
But the horse has bolted on stopping nz become part of the global financial system, so those involved would be better to spend their energies on fixing the system instead of pulling it to bits and starting again.
Easy – ban offshore ownership.
You can’t fix the present system. It really is that broken. All we can do is replace it and if that requires leaving the present global financial system then so be it. We actually can do that.
Whether (I hope that’s the right whether Alwyn) you like it or not a huge amount of nzs population derives their income from export, so how you can build an economic Berlin wall without driving us into poverty is beyond me.
Who said anything about stopping exports or imports?
We could still do that without being part of the present global financial system. In fact, doing so would start the end of the present system.
And then there’s the simple fact that even if those both stopped the people presently dependent upon them could find something else to do. Once we recognise that we don’t need foreign money then we actually have far greater possibilities open to us.
And why are you trying to talk to Alwyn? He got banned.
Can you point to any country that the government is the sole provider of money where they still function as a part of global trade?
I ask this because I and many like me enjoy producing a product like meat ,fruit or logs who’s lifestyle would die if we where to come up against sanctions..
PS Alwyn likes to haunt me for errors,
“You can’t fix the present system. It really is that broken. All we can do is replace it and if that requires leaving the present global financial system then so be it. We actually can do that.”
Inclined to agree the present system cannot be fixed but if we are being honest any attempt to operate outside it comes with great risk, just ask Venezuela.
Its possible, maybe desirable but I don’t know if the majority of kiwis are yet ready to take that route…..perhaps in the not too distant future
1. Things change – get over yourself. Find something else you enjoy
2. Chances are there wouldn’t be world wide sanctions. Sure, the US, UK and probably the EU would but that still leaves around 5 billion others to trade with
I don’t think it’s possible ATM as not enough people know just how much of a total scam our present financial system is but it will be in the future.
“1. Things change – get over yourself. Find something else you enjoy”
With a sales pitch like that you’ve got a big future in politics. 🙂
@ Pat
Like the Pineapple Lumps ad portrays, Kiwis are generally a little slow when it comes to such matters. However, time is also the enemy in this regard.
Trade agreements (such as the TPP) further weaken Government’s ability to respond to this form of fiscal extraction.
It doesn’t help Kiwis become better informed, hence more willing to act when even the Labour Party continue to tout the globalist line (NZ requires offshore investment).
It’s also disappointing to see there has been more discussion on the flag (on this site) than this far more important issue.
@ b waghorn
Yes, the horse has bolted on stopping NZ becoming part of the global financial system.
However, the time to act is now.
The more we move forward, the greater the damage becomes and the less we can do about it.
Trade agreements (such as the TPP) further weakens Government’s ability to respond to this form of fiscal extraction.
At the moment, we still have the right to decline offshore investment, yet we encourage it And we still have the ability to instate taxes and perhaps capital controls.
While trading with other willing nations is fine, allowing them to own NZ’s resources, the means of production and servicing, robs us of the fiscal benefits.
It’s why we should take expenses out of the picture and tax on gross sales (turnover).
Some countries have started doing this in a small way.
http://www.artright.co.za/artbusiness/money-management/tax/turnover-tax/
While taxing in such a way will allow a larger tax slice, it overlooks the massive amount that still escapes our economy and heads offshore.
Therefore, if those companies were NZ owned, not only would we obtain the tax but profits would also remain.
It’s more about re-distribution of tax collection.
Assume we collect the same amount of tax as we do now.
Many existing firms would pay less as many of these firms would pay more.
It’s simpler so compliance costs would be less and it would discourage much of the vertical integration that allows layers of businesses to charge each other down the chain to minimise profit.
I’d also support if NZ has a good economic year that by law 50% of any surplus gets returned to businesses.
As far as profits going offshore is concerned the only option is to ban offshore ownership.
Again, you are overlooking the issue of concern.
Tax is only a small slice of the profits earned.
Therefore, the key issue here is not re-distribution of tax collected, it’s about re-distribution of total returns generated.
As a number of NZ’s most lucrative sectors/companies are offshore owned, the more we increase our GDP, the more that currently heads offshore.
Draco – A form of capital controls that prevents this form of capital flight would vastly stimulate our local economy. Ensuring returns stay onshore.
Profit however is just a private tax, garnered by the expenses you can set against it.
Many of the expenses are dubious but legitimate as it currently stands. IRD has some success in sorting out non-legitimate ones eg banks charging themselves a fee for using their own name but it’s still open to lots of abuse to show profit as minimal. Gross income takes expenses out of the picture.
It’s not just the profit going offshore – many of the companies as we know pay minimal tax.
It the value of the expenses claimed as well.
Part of the solution to some of this is the renationlisation of infrastructure companies and the letting of government contracts to be limited where possible and practicable to NZ companies.
It seems that in many cases when the overseas companies win these contracts they just take a big cut and sub-contract NZers anyway.
I’m not saying we shouldn’t increase the tax take but it is important also in my view that every business pays some tax. Every business that has the benefit of operating in NZ should contribute.
@ Descendant Of Sssmith
No, it’s not just profit going offshore. As Draco rightly pointed out, the end result is we largely become serfs for the international elite.
While I hear what you are saying (and of course you are correct, a number aren’t paying their fair share of tax) new tax settings would have to capture all profits that exceed the initial and ongoing investment to cease the fiscal shortfall offshore investment creates.
Such stringent tax settings (as such stringent capital controls discussed above) would largely discourage further investment going forward, while also resulting in a number of current international investments in NZ pulling out.
Therefore, taxing to any lesser extent merely allows us to clip the ticket, but doesn’t deal with the larger concerns (serfdom and profits heading offshore).
If you could get such capital controls in place then it may work but then it still leaves us open to becoming serfs for the international rich which is another consideration that needs to be taken into account.
@ Draco
“If you could get such capital controls in place then it may work but then it still leaves us open to becoming serfs for the international rich…”
Such stringent capital controls would largely discourage further investment going forward, while also resulting in a number of current international investments in NZ pulling out.
All info here.
An interesting poll result over at the Daily Blog
Who would you vote for if an election was announced tomorrow?
Greens (29%, 1,551 Votes)
Labour (26%, 1,398 Votes)
National (17%, 944 Votes)
NZ First (16%, 868 Votes)
MANA (8%, 415 Votes)
ACT (2%, 130 Votes)
Maori Party (1%, 73 Votes)
United Future (0%, 18 Votes)
Note: NZ Democrats for Social Credit was not listed
http://www.democrats.org.nz/
Sugar. The Guardian has published pretty compulsive evidence on sugar/obesity/heart.
“Lustig argues forcefully that fructose, a form of sugar ubiquitous in modern diets, is a “poison” culpable for America’s obesity epidemic.”
http://www.theguardian.com/society/2016/apr/07/the-sugar-conspiracy-robert-lustig-john-yudkin
PS. I think the article wrongly condemns fructose which is a natural sugar. Should read sucrose as the demon?
Interestingly there is a fair bit of material about suggesting that fructose above a certain threshold is just as bad, of not possibly worse, than sucrose.
The sugar industry, like the tobacco industry will fight back and fight dirty. (Probably with the support of the current Government.) As my elderly mother always said all things in moderation. She lived to 97.
Although it is processed, sucrose, the main form of table sugar, is also natural in that it is derived from a plant source. Sucrose is a disaccharide, being composed essentially of one glucose molecule and one fructose molecule but the fructose molecule is the major cause for concern as it is metabolised differently to glucose, mainly by the liver (when you eat sucrose it is broken down into the separate sugar units). Fructose can also be found naturally in fruit but you’d have to eat silly amounts of fruit for it to be an issue.
Last time I looked, all sugars were natural.
It’s not sugar per se that’s the problem but excessive dietary sugar.
We should note that arsenic, strychnine and rattlesnake venom are “natural” as well.
Lustig on fructose:
So far this week – three of Bernie Sanders’ ‘unrealistic / pie in the sky’ policies have been implemented?
1) The $15 per hour minimum wage has been passed into law in two of the most populous States in the USA, California and New York:
http://usuncut.com/politics/bernie-wins-policy-victories/
“While the media hyped a false narrative about Bernie Sanders’ competence and policies, three of Sanders’ policy proposals were implemented this week.
What’s sad is that as the biggest leak in world historycame to light, exposing 140 different politicians from 50 countries engaged in egregious tax dodging, corporate-owned media outlets chose instead to take their lead for the week’s news from a greasy tabloid’serror-laden editorial board meeting with Bernie Sanders. The main narrative that came out of that interview was that the Vermont senator didn’t know how his own policies worked, with the Washington Post gleefully climbing on board.
However, the Huffington Post’s Ryan Grim accurately pointed out that the interview transcript revealed both Sanders’ expertise and the New York Daily News editorial board’s sheer ignorance of both financial policy and civics. The New York Times and many other publications also balked at the sudden media attack on Sanders’ accurate answers.
While this all played out, Sanders watched as two governors, a federal agency head, and a president implemented some of his “unrealistic” policy proposals.
1. New York and California pass a $15/hour minimum wage
Bernie Sanders has called for a “living wage” of $15/hour to be the new national minimum wage, introducing legislation in July 2015 and joining the Fight for $15 during their events. Before taxes, this would amount to $31,200 a year for a full-time worker. It’s not exactly enough to live like a king, but enough for a person to be able to pay their bills and not live in abject poverty.
Even though detractors have been saying that doubling the minimum wage isn’t possible, and to aim lower, governors of two of the most populous states (New York and California) have joined other major cities in signing $15/hour minimum wage bills into law.
While Hillary Clinton tried to take credit for the New York law by being present at the signing ceremony, she’s only championed raising the minimum wage to $12/hour. And Sanders’ calls for $15/hour appear to be on their way to reality in other states as well, as 25 cities in Oregon are now on their way to having a $15/hour minimum wage, with Boston and Massachusetts considering the possibility. ….”
____________________
Penny Bright
2016 Auckland Mayoral candidate.
+1 Penny
That is good Penny. $15dph US would be about $18NZ. Surprised? Key/English have been in denial for ages.
From day one Key has been cynically marketed so as to foster a subliminal appreciation that he’s a horsing around decent guy who really cares about New Zealand. Subliminal is great because it neutralises thinking. I believe that appreciation is under serious challenge. Increasingly and from issue to issue Key shows he cares only about personal power, money, the very rich. There is advancing cognisance of that and it’s making its way into the subliminal appreciation. At which point what is Key ? A nasty, greedy, philosophically bankrupt, socially illterate, fraud of man who’s been conning us for years. The game is over Traitor Boy.
And an interview on RNZ this morning re Iceland with Smári McCarthy chief technologist for the Organised Crime and Corruption Reporting Project in Sarajevo. He confirmed that the PM has resigned from PM and a very recent poll had 80% saying he should resign from Parliament. Lynn Freeman missed an opportunity for a good interview.
The Pirate Party has surged up to 40+%.
Not up for replay yet.
See below. The audio through Skype became fractured so Lynn may not have asked everything planned.
http://www.radionz.co.nz/audio/player/201796405
Smári McCarthy: Iceland, the Pirate Party and the Panama Papers
8:12 AM. Guest host Philippa Tolley interviews Smári McCarthy, chief technologist for the Organised Crime and Corruption Reporting Project, and founder of the Iceland Pirate Party.
Dismay after multi-million dollar LWR fraudster granted parole
http://www.stuff.co.nz/business/78673694/Dismay-after-multi-million-dollar-LWR-fraudster-Ken-Anderson-granted-parole
What interested me
+1 DV – Yep how is he supporting himself?
Work and Income. If he can’t work as part of his parole conditions, nor leave his accommodation freely, than he has the right to a benefit to cover his living expenses.
Essentially he is a welfare bludger, and publicly stating that he is not trying to get a job, hopefully will get him sanctioned by Work and Income.
Not holding my breath tho.
One can only wonder, dv.
The fraud did leave the bank with losses of $70 million.
Yep, probably. The money and assets that should have been taken off of him as they were obviously obtained via fraud.
But if in a trust they are not his!!!
Courts should have the ability to look through trusts and rule on asset distribution appropriately
There should only be three kinds of trusts. Charitable. Heritage or conservation. & for minors or dependents. Rest should be broken up.
Yeah like thats going to happen Stuart!!!
Quick way to pay off $120 billion of odious debt.
“All your ill-gotten gains are belong to us.”
And help to pay UBI
Part of the delusion of trusts and capitalism.
This is how it should be so that criminals don’t get to keep the proceeds of their crime:
If he paid into the trust then they’re his. If he’s a beneficiary of the trust then the assets are his.
Without reliable agricultural farming, human civilisation becomes unviable.
Why Fiji is a glimpse of the future for humanity.
http://www.radionz.co.nz/news/pacific/301038/concerns-over-food-security-in-fiji
Time to stop the madness, and severely rein in fossil fuels.
No Deep Sea Oil Drilling!
No New Coal MInes!
No New Motorways! (switch the $11 billion RONS funding to public transport)
New Zealand needs to set and example to the world.
Business As Usual, BAU, is not an option!
New Zealand needs to show solidarity with the Pacific front line climate change states, worst affected by climate change.
Anything less, is treason to humanity and future generations, and in particular our Island neighbours, most immediately affected.
+1
The climate change fuelled extreme weather systems plaguing Fiji, the Philippines and other front line climate change states, may be visited on the rest of the world a lot sooner than was previously expected.
https://robertscribbler.com/2016/04/08/early-warning-signs-for-james-hansens-superstorms-visible-north-atlantic-cool-pool-as-harbinger-to-all-hell-breaking-loose/
Does NZ Prime Minister John Key use tax havens?
How is that not a fair question ?
http://m.nzherald.co.nz/politics/news/article.cfm?c_id=280&objectid=11619308
“John Key is taking a risk defending the foreign trust regime in the wake of the global trust fund scandal and its New Zealand links.
If the Prime Minister assumes that the issue may be over within the week, then he is calculating that nothing else with New Zealand connections is lurking in the devastating leak of records from Panama law firm Mossack Fonseca. Mr Key insists New Zealand is not a tax haven but even if it does not fit the criteria, the existence here of nearly 12,000 foreign trusts suggests the financial rules, such as they are, appeal to the industry.
The trusts pay no New Zealand tax on foreign earnings. Their beneficiaries are not registered and their accounts are not filed with any public body. The Government argued this week that arrangements with other countries to share tax information was a powerful deterrent against individuals who sought to conceal their affairs.
Tax experts however have challenged these assurances. Craig Elliffe, a tax law specialist at the University of Auckland, described the disclosure rules as ” almost dangerously weak”.
By themselves, foreign trusts are not illegal. The use of tax havens is second nature to owners of substantial assets.
The trove of documents in the Panama Papers, however, has set off inquiries into the source of some assets. The European tax commissioner, Pierre Moscovici, called much of the activity “immoral, unethical and simply unacceptable”.
….
__________________________________________
Penny Bright
2016 Auckland Mayoral candidate.
He worked for Merriil Lynch.
http://www.pbig.ml.com/pwa/pages/tax-management.aspx
http://www.interest.co.nz/opinion/80902/gareth-vaughan-questions-whether-pm-john-key-stuck-pre-gfc-time-warp-given-his
mmm..,
i have been listening (again) to “the smartest guys in the room” the story of the enron rise and deline by bethany mclean.
andrew fastow, chief financial officer of enron, set up a couple of companies to take toxic assets off enrons books for a short time.
when setting up the capital for his companies, fastow got 10s of millions from the big boys- credit suisse, goldman etc also a group of traders at merril lynch stumped up cash. in the late ’90s.
it’s a great yarn and insight into the ways of these sorts of people.
And so it begins. While our Govt is rushing to get the ratification through for the TPP that they signed, the US are beginning to alter it to suit their large corporate donors.
http://insidetrade.com/
Time to read the following paper by Jane Kelsey.
“HOW THE US FORCED AUSTRALIA TO REWRITE ASPECTS OF ITS COPYRIGHT LAW
DURING CERTIFICATION OF COMPLIANCE WITH THE AUSFTA”
http://tppnocertification.org/wp-content/uploads/2015/03/AUSFTA-certification-memo-Feb-2015.pdf
Yep, time for the US to make life far more expensive for the rest of the TPP nations so that their corporates can make more profits.
David Cameron fought EU tax rules to help protect his daddy’s offshore trust?
How long before David Cameron is the next Prime Minister to resign over the Panama Papers scandal?
http://www.telesurtv.net/english/news/Cameron-Fought-EU-Tax-Rules-to-Shield-Fathers-Offshore-Trust-20160407-0017.html
“Amid Panama Papers leak, it has emerged the U.K. prime minister intervened to prevent the EU from requiring offshore trusts in tax havens to reveal owners.
British Prime Minister David Cameron personally intervened against cracking down on offshore trusts in tax havens by the European Union in 2013, in what seems to be his efforts to protect his father’s trust, which was revealed by the recent Panama Papers leak.
…. ”
______________________
Penny Bright
2016 Auckland Mayoral candidate.
Women and men interested in women’s role in forming NZ – good radio interview this morning between Phillipa Tolley and Barbara Brookes who has researched and written a book about it. Very good interview to listen to.
http://www.radionz.co.nz/audio/player/201796408
Guest host Philippa Tolley interviews Barbara Brookes, Professor of History at the University of Otago, about her new book A History of New Zealand Women.
also – intriguing story:
The Edwardian woman who fled to New Zealand for love
Grace Oakeshott
Married Englishwoman Grace Oakeshott faked her own death in 1907 so she could escape with her lover to New Zealand.
http://www.radionz.co.nz/national/programmes/ninetonoon/audio/201795803/how-grace-oakeshott-faked-her-death-in-1907-and-fled-to-new-zealand
or
http://www.radionz.co.nz/audio/player/201795803
British author Jocelyn Robson has been researching the life of Englishwoman Grace Oakeshott, who faked her own death in 1907 so she could escape her marriage and flee to New Zealand with her lover.
Jocelyn Robson talks with Kathryn Ryan about the remarkable true story
I will be on Kevin Barrett’s Truth jihad show live today! I have been booked from 1-2 PM but will be on standby from 12 pm in case he can’t make a connection with his first guest!
I will be talking about John Key, his banking, tax haven creating career, the Panama Papers, Earthquakes, Lord Ashcroft’s secret visits to name a few subjects!
Here is the link to the program: http://FreedomSlips.com and click Studio B
Suad Amiry: conservation architecture and Palestine
9:40 AM. Guest host Philippa Tolley interviews Palestinian conservation architect and writer Suad Amiry, founder of the Riwaq Centre for Architectural Conservation, and author of Sharon and My Mother in Law, and Golda Slept Here.
http://www.radionz.co.nz/audio/player/201796410
also
Ted talk
I caught some of that, she was very good. Her description of how Palestinians lost their homes, gardens, things with personal connection (not just their country) and what that means, especially for the people living only a few kilometres from what they have lost with someone else now living there, was both poignant and a far better explanation of why the Palestinian/Israeli situation is so intractable than any amount of geopolitical theory.
Especially poignant when someone went to see their old home and were not allowed to look at it, or even to talk to the new occupant. And I think that they were seeking an old photo which had to be left behind, and which just might have been recoverable.
http://www.stuff.co.nz/business/opinion-analysis/78729107/shamubeel-eaqub-panama-papers-show-nz-is-complicit-in-criminal-behaviour
Mr Eaqub on the nz s trust business, there seems to be parallels with said trust business and dotcoms mega business, in that while both are probably not directly involved in illegal actions , they are certainly providing a vehicle for dodgy behaviour.
Seems the Labour Party are to blame for the NZ trusts at the centre of the current controversy.
Albeit, along with National’s failure to correct the situation.
Thoughts?
Not a surprise in principle, but interesting and useful to see the geography of the connections between the most powerful corporations:
https://www.newscientist.com/article/mg21228354-500-revealed-the-capitalist-network-that-runs-the-world/
Also, positing the end of the nation-state:
https://www.newscientist.com/article/mg22329850-600-end-of-nations-is-there-an-alternative-to-countries/
How long before UK Prime Minister David Cameron resigns?
(Wonder how the UK protest today outside Downing St is going?)
http://www.theguardian.com/news/2016/apr/08/david-cameron-panama-papers-offshore-fund-resignation-calls
“David Cameron’s terrible week ends with calls for resignation over Panama Papers
PM should have come clean earlier about shares in father’s offshore investment fund to avoid further damage, ..
David Cameron was in Washington rubbing shoulders with world leaders, sun-tanned and relaxed after a holiday in Lanzarote, when an email revealing what the Guardian knew about his father’s tax affairs dropped on Conservative HQ.
From that moment, the prime minister would have known there was a serious risk of people finding out about the £30,000 of shares he previously owned in Ian Cameron’s offshore investment fund.
It would look terrible to a public already outraged about tax avoidance that a wealthy young Cameron had chosen to buy shares in Blairmore, the fund based in Panama and the Bahamas that never paid a penny of tax in Britain.
This was the point at which Cameron should have made a clean breast of the facts, Labour and some of his own Conservative MPs now say.
..
Leadership challenge
It would have saved the prime minister the worst week of his professional life, which has ended with calls for him to resign, a flurry of bets on a leadership challenge this year and undermined public trust in his premiership.
……
_______________________
Penny Bright
2016 Auckland Mayoral candidate.
Cutting edge – political SATIRE 🙂
https://m.facebook.com/photo.php?fbid=10207230291088949&set=p.10207230291088949&type=3&src=email_notif
“I’m comfortable that NZ is now a corrupt, polluted TAX HAVEN”
ShonKEY
Dosent link Penny
Crikey!
This latest poll result has got to be the ‘kiss of death’ for UK Prime Minister David Cameron?
The ‘unelectable’ Leader of the UK Labour Party – Jeremy Corbyn – now has higher approval ratings than (current) UK Prime Minister David Cameron?!
On top of everything else – surely David Cameron’s position as Prime Minister is now simply untenable?
So – how long before PM David Cameron resigns – or will he be rolled?
(Remember – there is a protest outside Downing St against David Cameron at 11am 9 April 2016 (UK time – they’re 12 hours behind us ).
https://www.express.co.uk/news/politics/659400/David-Cameron-approval-ratings-Jeremy-Corbyn-offshore-tax-EU-leaflet-petition-row
“DAVE’S DARKEST DAY: Tax scandal, EU leaflet row…now public like Cameron LESS than CORBYN
DAVID Cameron has endured his darkest day in Downing Street as his approval ratings slumped LOWER than Jeremy Corbyn’s for the first time. ….”
__________________________________________
Penny Bright
2016 Auckland Mayoral candidate.
Thanks Penny (29) for the info, particularly that of a protest at Downing St. This is something our msm should be reporting on. However, I’d say msm is under strict orders to comply with the NatzKEY hierarchy or else!
I hope Cameron’s present situation gives FJK cause to sweat and sweat hard! Hopefully he will be having some very unpleasant sleepless nights!
So Hillary Clinton didn’t get an invite to the Vatican?
(Neither did Donald Trump or Ted Cruz – as it happens).
Bernie Sanders did …..
http://www.bloomberg.com/politics/articles/2016-04-08/sanders-moved-by-invitation-to-visit-the-vatican-next-week
“Democratic presidential candidate Bernie Sanders will travel to the Vatican later this month, a visit that would provide images of the candidate at a major international venue as his foreign policy qualifications are under attack by rival Hillary Clinton.
Sanders’ visit to attend an April 15 conference on economic and environmental issues hosted by a pontifical academy will put him at the seat of the Roman Catholic Church just four days before the New York primary.
The visit also potentially injects into the Democratic nominating contest the agenda of Pope Francis, one of the most popular world leaders whose leadership of the Catholic church is especially admired by the political progressives who play an outsized role in Democratic primaries.
……”
_______________
Penny Bright
2016 Auckland Mayoral candidate.
Twitter going off with #resigncameron ! https://twitter.com/hashtag/ResignCameron?src=hash bugger the mainstream news! Theres a tropical dress code for the protest & someone has found an old tweet from Osbourne spouting that tax evaders are criminals. Reckon this could be it for Cameron? Dirty dirty rightwing hollowman gets his oats.
https://t.co/W9t6Lv9e2L links live to protests.