Financial terrorists strike Christchurch, thousands with wrecked dwellings held hostage, Terrorists demand $500 million ransom from the government. As the crisis unfolds the terrorists demands are expected to increase to $1 billion.
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John Balmforth AMI head, says they have enough to pay out on all their earthquake damage policy claims – estimated cost, $1 billion.
AMI has $600 million of reinsurance cover and about $500m in cash and investments which would be enough to cover all claims, but would leave the company financially strapped.
AMI chief executive John Balmforth:
“We have not had events of this magnitude before. But we had $600 million reinsurance for the first event and we have another tranche of $600 million we can draw down on and another tranche of $400 millon we can draw down on,” he said.
Bamforth said AMI “had no issues meeting its commitments” “There will be increases in premiums nationally. I think these will be across the board, that’s just going to be a flow-on effect,” Balmforth said AMI was backed by some of the largest international reinsurers based in Bermuda and other parts of the world. Claims would be met. “I’m completely confident we can cover this. I’ve had messages from reinsurers offering support and saying they are ready to assist.”
In my opinion, it is probable that an honest effort by AMI to meet their commitments without government help would seriously effect AMI’s position in the insurance market. By paying their bills like an honest citizen would by necessity entail serious downsizing by AMI, with a resulting loss in market share, even complete collapse.
But so be it. It is not their money, it was deposited with them by their policy holders for just such an event. So rather than pay back their policy holders with ‘their’ money AMI gets to keep it, and we the taxpayer pay out instead?
So, How does this work again?
The Government comes up with eye watering amounts of public money to allow a bankrupt private company to avoid it’s responsibilities and continue to be a major player in the insurance market, ensuring that this corporate will be around to reap the higher premiums that John Balmforth speaks of.
Tax paid Social Welfare to big companies and private investors, comes at the expense of the Social Insurance Policies that this money was supposed to provide for.
So when families are poorly housed and children get sick and their parents can’t afford the medical bills, and they get sicker. They can comfort their children, by relating to them the warm fuzzy fairy tale ending for AMI that Mum and Dad helped pay for.
“So darling the government propped up a bankrupt private insurance company, they did this by bankrupting the state, so despite your Mummy and Daddy and Grandma and Granddad paying taxes all their lives, that is the reason why you can’t get into the public hospital.”
With not even the flimsy excuse that AMI was part of the outrageous Deposit Guarantee scheme… What possible moral justification can the government give for this bailout?
I read 2 stories in Stuff’s Business section this morning on Tax Havens. The stories are not that prominent on the site, but they show a significant process that is part of the way the global financial/money system works to maintain and extend the wealth gap. The articles point to the way Tax Havens are an essential part of this system, Where the Rich… Get Richer:
BRITISH AUTHOR Nicholas Shaxson wants you to forget everything you think you know about tax havens. The author of Treasure Islands believes even calling them tax havens is a misnomer.
They should be called “obligation havens”, he says, because dodging tax is just one of many obligations the world’s rich and crooked avoid by using them.
…
But back to the the global financial crisis. Havens allowed toxic brews of subprime loans to be mixed, repackaged and sold away from the eyes of regulators, Shaxson said. They allowed companies to grow and take on vastly more risk than regulators realise because they could see only a part of the operations of multi-nationals such as Lehman Brothers.
Shaxson dismisses pro-haven cheerleaders who claim they keep politicians honest by capping the tax they can impose on their citizens. Tax havens are for the rich, the criminal and the powerful, and opposed to the interests of the rank and file of society, who can’t afford the lawyers, accountants and tax advisers to take advantage of them, he said.
This and the second article, on the NZ government’s opposition to a UN initiative to tackle tax haven abuse say that NZ is also being used as a tax haven by some of the wealthy in other countries.
Shaxson, who has become famous following the publication of Treasure Islands: Tax Havens and the Men Who Stole the World, said New Zealand is letting down the developing world.
He has also revealed that New Zealand has a growing reputation as an offshore haven itself. He predicts New Zealand will appear on the Tax Justice Network’s Financial Secrecy Index by 2013.
He has also revealed that New Zealand has a growing reputation as an offshore haven itself. He predicts New Zealand will appear on the Tax Justice Network’s Financial Secrecy Index by 2013.
Sounds like a nice little thing to pin on National / Key.
Lynn: the quote button is even more munted today, I can’t turn it off at all. It looks like you’ve changed how the enter key works – it used to insert a paragraph break (that could eventually stop the block quote), but now it only does line feeds and so can’t be used to break out of quote mode. I took your suggestion of selecting the text to be quoted and hitting the quote button, but it doesn’t work. Clicking the unquote button just unquotes the whole block.
Wikipedia – not necessarily the most reliable of sources – currently categorises NZ as a tax haven because it:
“…does not tax foreign income derived by NZ trusts settled by foreigners of which foreign residents are the beneficiaries. Nor does it tax the foreign income of new residents for four years. No capital gains tax.”
Should the tax reductions have been reversed because of the Christchurch earthquakes? No – it’s absurd to think that immediately an event occurs taxes are tweaked. At the very least it takes time to evaluate and implement significant monetary changes.
Should the tax reductions be reconsidered? Yes, this year’s budget is an appropriate time to announce any changes if they are thought necessary, but they are problematic, it’s unlikely the GST rate will be dropped back down, or taken off selected categories, so increasing taxes risks further stalling a struggling economy.
So you would rather wreck our public and social services then?
Tell me Peter, how many hospitals did National close between 1990-99 and how many did Labour close between 1999 and 2008?
Ill tell you. When labour put taxes up in 1999, the money went into HOSPITALS AND HEALTH CARE SERVICES. No hospital closed after 1999. But you are quite happy to have solo mother live on the street, and have American style health care so the rich can pay a few dollars less in tax.
And given that you have opposed wage increases for workers (I suppose you want wages to go back to 1999 levels like Don Brash does), you see a future of misery for people
But you are quite happy to have solo mother live on the street, and have American style health care so the rich can pay a few dollars less in tax.
Bullshit. I have never suggested anything like that.
* I support a fair welfare state.
* I have never mentioned an American style health system here, and have never supported an American style health system.
And given that you have opposed wage increases for workers
Bullshit again. I have never suggested anything like that. I have questioned why the amount of $15 per hour is being claimed to being some magical fix, I have never seen yet anyone justify that over any alternate amount. No data to support it.
Go and do some of your own research like you did the other day. There should be plenty on Union websites (try CTU for a start maybe). From memory the Unions want it pegged around 66% of the median wage which is more than $15.
$15 just happens to be the minimum wage in Oz, must have been suggested to close that gap 😀
Good on Ya Felix. I also see no point in replying to the repetitive time-wasting and frankly overly distractive slogans that are spewing from the right. Personally I want to concentrate on far more interesting events,
Like sharing the information that is already out there
Like getting every voter i know to not vote for any of the major parties
CERRA has a lot to answer for and I for one do not see the point in voting for people who voted against Democracy
I am beginning to believe NZ must sacrifice this election and send a very clear message to the troughers, shape up or piss off
I am fairly confident that the thousands and thousands of people who actually run the country will welcome the opportunity to do their job without seasoned MP’s constantly twisting the rules, changing the game-plan and generally shitting on NZ again and again and again
Pete, either we raise taxes to cover the shortfall in the budget now due to the earthquake, or we borrow the money.
If we borrow the money, we have to pay interest on it. The amount borrowed + the interest must be paid back at a future date, from taxes. So we either pay taxes on the principal now, or we pay taxes on the principal and interest over time.
Therefore refusing to raise taxes now, for this one-off event, will cost us more over time.
It would still require an increase in taxes so that the government can redirect our resources into fixing up that damaged by the disaster. As I’ve said, money is not a resource.
DTB,
I agree with you but to be honest I’d rather pay taxes towards helping the people in Christchurch and things Kiwi’s need than taxes to pay the banksters interest on money they created out of thin air.
It’s a tricky balancing act Lanthanide, with no guarantee that whatever is chose is the right mix. Taxing more runs the risk of stifling a recovery which runs the risk of lowering the tax take or keeping it low for longer.
It’s easy to say “we should raise taxes”, or “we should borrow more” (as Helen Kelly suggested on Q+A this morning), but those who make the decisions have a lot more complexities to consider.
And as Jon Johansson said on Q+A this morning this government is only pragmatic within its ideological straight jacket. The point being made that this government has ignored the complexities and is ruling out even temporary tax increases in favour of its ideologically based solutions.
There is very little evidence for the supply side nonsense you are peddling. Cuts run exactly the same risk you are talking about, so it’s a wash in that respect.
That point was reinforced in the discussion with English when he was talking about Treasury advice around the benefits of privatisation. Treas was saying that there is very little evidence that the private sector would run the companies any better, and Old Bill could only fall back on dogma.
It would be nice to think that this government was ‘considering the complexities’, but as the panel agreed on Q+A there are concerns that they are not, and little evidence that they are.
Don’t worry Jim Nald: The panel dealt to him afterwards. Good to see Helen Kelly on the panel and a ‘respectful’ Paul Holmes who didn’t interrupt her once.
I agree Anne. I nearly didn’t turn on the programme but figured there was not much else on for my morning cuppa! Holmes was much better by staying more in the background: I normally can’t stand his opinionated nonsense. Espiner asked harder questions than the usual patsy, but what was most interesting for me was English trotted out his usual ideological nonsense, but his eyes and general lack of enthusiasm suggested he no longer believed it.
but his eyes and general lack of enthusiasm suggested he no longer believed it.
Now that is interesting. Maybe he’s waking up to the fact that ideology doesn’t trump reality – it was his ideological plan that prevented NZ coming out of recession after all. Not that I’m holding my breath about it.
I dreaded checking out Q&A online and thought I might have needed to take some sedatives first (perhaps, like Holmes, who was administered some today before the cameras started rolling?) before viewing the Guyon-English interview: http://tvnz.co.nz/q-and-a-news/sunday-april-10-4108966/video
This lodge was in the news 3 years ago, there was a huge fuss over it Labour promised to do something about it, but then everything died down, and National got in, and people there still live in misery. And as rents skyrocket, and landlords get more choosy about what tenants they choose to house, and as Housing NZ wash there hands of more and more people, and start kicking more and more tenants out, squalid boarding houses, are going to grow and grow.
Housing Minister Phil Heatley said: “We’re there to help people who need a state house – not those who would like a state house.”
From the Herald article.
I am in a 2 bedroom State House, and I want a transfer, because although I need subsidised housing (on UB), I don’t need two bedrooms. But I am currently having a huge battle with HNZ over other issues, so a transfer is way down the list for me. Survival mode. Honestly any of the families in that article could have this place, if I had my way. But I am just managing to survive myself! I wish I could help one of those families. I wish even more, that the NACT government would do what it’s supposed and help all of them!
The National Government offer to bailout AMI to the tune of more than a Billion dollars. The privately owned company has had financial difficulty since the Christchurch Earthquake and improper re-insurance. In light of the South Canterbury Finance hash and despite the Treasury advising John Key that South Canterbury Finance was never compliant with the scheme…
Wendy Pye, NZ literacy entrepreneur, was on Chris Laidlaw on Radionz this morning. People like her should get listened to, she has been a business and educational plan success, has a good product doing good things around the world. that magic word ‘exporter’. Not ‘dairy producer’, but ‘advanced high-end products producer’.
She has an excellent take on NZ, business and the export market as she has been round long enough to have wide experience with successes and failures, and how to survive both. She is held at arms length by Min of Education though embraced by other achievement focussed governments. This seems to follow from what I see is a negative attitude amongst NZs to trying anything new, stepping out from the known. And one of the problems is that the bureaucrats and academics are concerned about dealing with private enterprise. I think they can’t differentiate between having Macdonalds sponsoring schools and successful, experienced non-religious or narrowly ideological companies focussed solely on educational tools.
I referred to NZ negativity in the waka controversy which idea suffered death from a thousand whiny criticisms from contributors here, ie I don’t like plastic, Maori can’t make good decisions about showing their culture. Wendy’s products appear to have received less than positive treatment probably with the same mindset. I thought also of Peter Snell, such a success but not embraced and drawn back to this country – he has been in Texas for years.
BTW Texas is planning a new wide-ranging project for literacy. Here at the bottom of the world we have tight-minded smug middle-class Ann Tolley whose low horizon is viewed from a entrenched trench, choosing National Standards as her lead initiative in schools. Yet Wendy Pye points out our good record in literacy, the problem being the large ‘tail’ of non-readers, prevented from obtaining worthwhile work and achieving prosperity by their lack of literacy, and that most of our jail inmates bear this disadvantage.
Yeah, but I found myself getting increasingly bored as Laidlaw and Pye started going on endlessly about the alleged ‘tall-poppy syndrome’ in this Country. The same old scolding of the New Zealand public for not treating entrepreneurs as some sort of Super-Heroes. Yawwwwnnnnn.
The Mainfreight genius talking on the Dimpost wants less bureaucracy and regulation. Isn’t that firm where sweet Jenny Shipley presides? Pollies from NACT get consolation so often with the old saying ‘When one door closes, another opens’ don’t they?
D..Damn
You may be tired of the tall poppy syndrome being mentioned but facing it becomes more relevant as we move through the decade and I think it is time for a change.
We need to be as supportive of our entrepreneurs and successful projects of all types that are beneficial to the country, as we are of sports people. They work hard to help themselves trying for personal success; sound, innovative businesses that achieve success help the country.
But nor should we forget the people who enable them to achieve that success. We shouldn’t enable entrepreneurs to succeed at the expense of their employees’ rights to fair pay and fair treatment for fair work.
I have always approved Mat McCartens opinions and I admire the way he overcame a bad speech impediment .However these days he seems to spend more time attacking the Labour Party and in particular Phil Goff. What the hell is he playing at? The enemy is the Tory Party.,The only conclusion I can come up with is that there is a personal vendeta going on with Phil,Goff.Get back on Board Matt its going to be hard enough to win the next election with out you attacking Labour at every opportunity .
The enemy is the Tory Party.
Seems that the purpose of having a Labour Party is to enable people on low to average wages to earn sufficient to have a full life, and bring in country-wide policies that are good for all. To get this requires that Labour wins, but merely winning is not enough for a left-wing party to achieve – the policies, the direction, the vision, the problem-solving need to follow.
So, if Labour get roughly their current level of support (low 30’s) could there be only one or two new list MPs? (plus several from “safe” electorate seats?)
It doesn’t look very inspiring – no noticeable new names apart from Andrew Little. If Labour lose, there’s going to be a big clear out for 2014 (Barker, Horomia, King, Mallard, Goff etc).
At the time of writing, The Poll on that page puts Lab/G/NZ1 combined vote of 387 higher than M/UF/ACT/Nat 316.
Ideally that would be indicative of the long term trend. Lets see what One News has to say tonight on their poll.
Actually, the Labour list looks to me like a reasonable mix of relative newbies (class of 2008) and experienced MPs. It looks like there is a gradual turn-over of new MPs, which is for the best, rather than a radical clean-out of ALL the old hands.
When are people going to start complaining about foreign banks deciding our economic future for us? Saturday, 9 April 2011, 2:26 pm Press Release: The Nation‘THE NATION’
GEORGE FRAZIS – Westpac New Zealand CEO Interviewed by DUNCAN GARNER
Duncan Let’s talk about the state of the economy in the wake of the AMI decision and how does the country afford this rescue package and the bail out of South Canterbury Finance for that matter? Well some say we can’t afford it and we can’t afford to keep bailing out bad business decisions, they say if we do we’ll go broke. So how close are we to going broke? The Chief Executive of Westpac New Zealand George Frazis is with me now.
There’s a small baby step each Kiwi can make for a real difference –
Walk away from foreign banks
And put money into locally owned banks like TSB Bank and Kiwibank
Go on. Do it now.
Open an account with http://www.tsbbank.co.nz or http://www.kiwibank.co.nz,
then move funds and mortgage into either.
I don’t think National have done anything to suggest they would try and privatise Kiwibank. Remember, this is a voter cautious, slow action or no action government. Any proposed asset sales are likely to clearly signposted pre election. If Labour have a strategy of vehemently opposing a modest number of partial asset sales it may reinforce the perception they are just exaggeration junkies.
Actually, vehement is not the best description, passion and enthusiasm may be wrongly inferred – going through the motions of loudly protesting for the sake of it may be more appropriate.
http://www.stuff.co.nz/national/politics/562746
2008 – and since then Key has had to categorically deny they’d sell while he is PM
“Mr English refers to the voters’ view of “that nice man John Key” and his appeal to “Labour-plus” voters – people who believed National would let them keep all Labour’s money, with more on top.
He also refers to needing to “sort out” Working for Families and suggests National will sell Kiwibank “eventually, but not now”.”
That is well worth the read and so very close to the truth. We’re expected to worship the businessmen whether they’re capable of what’s expected of them or not.
Paula Bennett on people having to go through a budgeting exercise before applying for a hardship grant:
“They could go online and fill out a budgeting form”
Right, like all Decile 1 households have a computer. What fucking planet is she on?
Two intrepid dudes encounter stray animals, torn apart roads and deserted settlements as they film their trip to measure the radiation from 30 km out to 1.5 km away from Fukushima.
“They’re banging porn stars and you’re getting the crabs”
“While the Republicans, the party of millionaires, is shutting the government down because they can’t have a tax-free world. As Paul Ryan says, ‘It’s not a budget it’s a cause’, like slavery…”
When will The Standard email me the bank account number so that I can make monthly cash donations?
Will be good to be provided with a pdf version of “best of the week’s” posts (maybe including comments from others) so that they can be printed on A3 or A4.
I would be willing to stand at street corners or outside supermarkets for a few hours on Fri-Sun and sell them (with money being deposited back into The Standard’s bank account) or to give away. The point is to encourage the wider dissemination of the issues raised by TS.
Whadyareckon?
Will be good to be provided with a pdf version of “best of the week’s” posts (maybe including comments from others) so that they can be printed on A3 or A4.
This has been commented on before – you’re quite welcome to put one together. I believe others already do pass out copies.
Guess I can just copy and paste or print out separate, selected pieces but
I’d prefer to have an official or endorsed pdf version for hard copies to be printed …
It’s amazing to think that I was born into a republican, conservative, christian, homeschooling family in the middle of the Bible Belt. How far I’ve come since then. After learning more about the world, and having to actually work for a living, I have rejected all of the economic philosophies that I was taught as part of that community. If there is one thing I have learned, it’s that the only true lazy, corrupt welfare queens living off of handouts are believers in conservative economics.
Yes Draco, scrolled down and read that particular comment and it wondered how many more peiople were coming to the same realisation in America.
Still, I think it’s going to take maybe 50% of Ameicans on food stamps before they’re angry enough to do something about it and figuratively eviserate the GOPlets.
You know M, it is amazing that in the wealthiest country in the world they appear to not understand the disaster of their own Health system. The strange story from the “pole-axed Rethuglican” that the British Health System was and example of failure because “his sister couldn’t get an epidural because they thought she was too fit.” Aha. There you have it if the Brit Health system don’t want to give you an epidural so the System is a complete failure. Huh?
I think NZ has one of the least expensive with the finest effectiveness in the World. (Unless you believe it when Tony Ryall that it is a disaster.)
Yes ianmac, NZ’s system isn’t perfect and there are medical disasters that make my blood boil but I’d rather have “socialist” health care than the bloated, corrupt and “loaded dice” system where every possible avenue is explored to turn down a legitimate insurance claim.
I also believe the epidural refusal was if not a complete fabrication then a definite stretching of the truth. Having had epidurals for both my kids as I had a 20-hour and a 12-hour labour there are few situations where a woman cannot have one provided there is time and I would hope that most obstetricians would not be so sadistic as to refuse one. Even if a woman is chided about having one she should go all out to have one if she wants it – screaming down the birthing ward would probably be enough to convince a reluctant doctor.
When my youngest was born she had a ABO incompatibilty problem and the treatment she received in neonatal was first class. I hate to imagine what parents in the US would pay for such treatment although I’m sure Tony and his mob are working overtime to bring about such a situation.
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Michael Cowling, CQUniversity AustraliaWe’ve probably all been there. We buy some new smart gadget and when we plug it in for the first time it requires an update to work. So we end up spending hours downloading and updating before we can even play with our new toy. But ...
Timothy Ford, University of Massachusetts Lowell and Charles M. Schweik, University of Massachusetts AmherstTo mitigate health inequities and promote social justice, coronavirus vaccines need to get to underserved populations and hard-to-reach communities. There are few places in the U.S. that are unreachable by road, but other factors – many ...
Israel chose to pay a bit over the odds for the Pfizer vaccine to get earlier access. Here’s The Times of Israel from 16 November. American government will be charged $39 for each two-shot dose, and the European bloc even less, but Jerusalem said to agree to pay $56. Israel ...
Orla is a gender critical Marxist in Ireland. She gave a presentation on 15 January 2021 on the connection between postmodern/transgender identity politics and the current attacks on democratic and free speech rights. Orla has been active previously in the Irish Socialist Workers Party and the People Before Profit electoral ...
. . America: The Empire Strikes Back (at itself) Further to my comments in the first part of 2020: The History That Was, the following should be considered regarding the current state of the US. They most likely will be by future historians pondering the critical decades of ...
Nathaniel ScharpingIn March, as the Covid-19 pandemic began to shut down major cities in the U.S., researchers were thinking about blood. In particular, they were worried about the U.S. blood supply — the millions of donations every year that help keep hospital patients alive when they need a transfusion. ...
Sarah L Caddy, University of CambridgeVaccines are a marvel of medicine. Few interventions can claim to have saved as many lives. But it may surprise you to know that not all vaccines provide the same level of protection. Some vaccines stop you getting symptomatic disease, but others stop you ...
Back in 2016, the Portuguese government announced plans to stop burning coal by 2030. But progress has come much quicker, and they're now scheduled to close their last coal plant by the end of this year: The Sines coal plant in Portugal went offline at midnight yesterday evening (14 ...
The Sincerest Form Of Flattery: As anybody with the intestinal fortitude to brave the commentary threads of local news-sites, large and small, will attest, the number of Trump-supporting New Zealanders is really quite astounding. IT’S SO DIFFICULT to resist the temptation to be smug. From the distant perspective of New Zealand, ...
RNZ reports on continued arbitrariness on decisions at the border. British comedian Russell Howard is about to tour New Zealand and other acts allowed in through managed isolation this summer include drag queen RuPaul and musicians at Northern Bass in Mangawhai and the Bay Dreams festival. The vice-president of the ...
As families around the world mourn more than two million people dead from Covid-19, the Plan B academics and their PR industry collaborator continue to argue that the New Zealand government should stop focusing on our managed isolation and quarantine system and instead protect the elderly so that they can ...
A chronological listing of news articles linked to on the Skeptical Science Facebook Page during the past week: Sun, Jan 10, 2021 through Sat, Jan 16, 2021Editor's ChoiceNASA says 2020 tied for hottest year on record — here’s what you can do to helpPhoto by Michael Held on Unsplash ...
Health authorities in Norway are reporting some concerns about deaths in frail elderly after receiving their COVID-19 vaccine. Is this causally related to the vaccine? Probably not but here are the things to consider. According to the news there have been 23 deaths in Norway shortly after vaccine administration and ...
Happy New Year! No, experts are not concerned that “…one of New Zealand’s COIVD-1( vaccines will fail to protect the country” Here is why. But first I wish to issue an expletive about this journalism (First in Australia and then in NZ). It exhibits utter failure to actually truly consult ...
All nations have shadows; some acknowledge them. For others they shape their image in uncomfortable ways.The staunch Labour supporter was in despair at what her Rogernomics Government was doing. But she finished ‘at least, we got rid of Muldoon’, a response which tells us that then, and today, one’s views ...
Grigori GuitchountsIn November, Springer Nature, one of the world’s largest publishers of scientific journals, made an attention-grabbing announcement: More than 30 of its most prestigious journals, including the flagship Nature, will now allow authors to pay a fee of US$11,390 to make their papers freely available for anyone to read ...
This is a re-post from Yale Climate Connections by Gary Yohe, Henry Jacoby, Richard Richels, and Benjamin Santer Imagine a major climate change law passing the U.S. Congress unanimously? Don’t bother. It turns out that you don’t need to imagine it. Get this: The Global Change Research Act of 1990 was passed ...
“They’re here already! You’re next! You’re next! You’re next!”WHO CAN FORGET the penultimate scene of the 1956 movie classic, Invasion of the Body Snatchers? The wild-eyed doctor, stumbling down the highway, trying desperately to warn his fellow citizens: “They’re here already! You’re next! You’re next! You’re next!”Ostensibly science-fiction, the movie ...
TheOneRing.Net has got its paws on the official synopsis of the upcoming Amazon Tolkien TV series. It’s a development that brings to mind the line about Sauron deliberately releasing Gollum from the dungeons of Barad-dûr. Amazon knew exactly what they were doing here, in terms of drumming up publicity: ...
Since Dwight Eisenhower’s inauguration in 1953, US presidents have joined an informal club intended to provide support - and occasionally rivalry - between those few who have been ‘leaders of the free world’. Donald Trump, elected on a promise to ‘drain the swamp’ and a constant mocker of his predecessors, ...
For over a decade commentators have noted the rise of a new brand of explicitly ideological politics throughout the world. By this they usually refer to the re-emergence of national populism and avowedly illiberal approaches to governance throughout the “advanced” democratic community, but they also extend the thought to the ...
The US House of Representatives has just impeached Donald Trump, giving him the dubious honour of being the only US President to be impeached twice. Ten Republicans voted for impeachement, making it the most bipartisan impeachment ever. The question now is whether the Senate will rise to the occasion, and ...
Kieren Mitchell; Alice Mouton, Université de Liège; Angela Perri, Durham University, and Laurent Frantz, Ludwig Maximilian University of MunichThanks to the hit television series Game of Thrones, the dire wolf has gained a near-mythical status. But it was a real animal that roamed the Americas for at least 250,000 ...
Zero emission buses, cleaner cars and environmentally-friendly biofuels will soon be hitting New Zealand’s roads, as the Government delivers on its election promise to make our transport network more sustainable. ...
The Green Party is already delivering on its commitment for cleaner, climate-friendly transport through our Cooperation Agreement with the Government. ...
A growing public housing waiting list and continued increase of house prices must be urgently addressed by Government, Green Party Co-leader Marama Davidson said today. ...
Prudence Steven QC, barrister of Christchurch has been appointed as an Environment Judge and District Court Judge to serve in Christchurch, Attorney-General David Parker announced today. Ms Steven has been a barrister sole since 2008, practising in resource management and local government / public law. She was appointed a Queen’s ...
The Government is delivering on its first tranche of election promises to take action on climate change with a raft of measures that will help meet New Zealand’s 2050 carbon neutral target, create new jobs and boost innovation. “This will be an ongoing area of action but we are moving ...
The Government is investing up to $10 million to support 30 of the country’s top early-career researchers to develop their research skills. “The pandemic has had widespread impacts across the science system, including the research workforce. After completing their PhD, researchers often travel overseas to gain experience but in the ...
A Waitomo-based Jobs for Nature project will keep up to ten people employed in the village as the tourism sector recovers post Covid-19 Conservation Minister Kiri Allan says. “This $500,000 project will save ten local jobs by deploying workers from Discover Waitomo into nature-based jobs. They will be undertaking local ...
Minister for Climate Change, James Shaw spoke yesterday with President Biden’s Special Presidential Envoy for Climate John Kerry. “I was delighted to have the opportunity to speak with Mr. Kerry this morning about the urgency with which our governments must confront the climate emergency. I am grateful to him and ...
Foreign Affairs Minister Hon Nanaia Mahuta today announced three diplomatic appointments: Alana Hudson as Ambassador to Poland John Riley as Consul-General to Hong Kong Stephen Wong as Consul-General to Shanghai Poland “New Zealand’s relationship with Poland is built on enduring personal, economic and historical connections. Poland is also an important ...
Work begins today at Wainuiomata High School to ensure buildings and teaching spaces are fit for purpose, Education Minister Chris Hipkins says. The Minister joined principal Janette Melrose and board chair Lynda Koia to kick off demolition for the project, which is worth close to $40 million, as the site ...
A skilled and experienced group of people have been named as the newly established Oranga Tamariki Ministerial Advisory Board by Children’s Minister Kelvin Davis today. The Board will provide independent advice and assurance to the Minister for Children across three key areas of Oranga Tamariki: relationships with families, whānau, and ...
The green light for New Zealand’s first COVID-19 vaccine could be granted in just over a week, Prime Minister Jacinda Ardern said today. “We’re making swift progress towards vaccinating New Zealanders against the virus, but we’re also absolutely committed to ensuring the vaccines are safe and effective,” Jacinda Ardern said. ...
The Minister for ACC is pleased to announce the appointment of three new members to join the Board of ACC on 1 February 2021. “All three bring diverse skills and experience to provide strong governance oversight to lead the direction of ACC” said Hon Carmel Sepuloni. Bella Takiari-Brame from Hamilton ...
The Government is investing $9 million to upgrade a significant community facility in Invercargill, creating economic stimulus and jobs, Infrastructure Minister Grant Robertson and Te Tai Tonga MP Rino Tirikatene have announced. The grant for Waihōpai Rūnaka Inc to make improvements to Murihiku Marae comes from the $3 billion set ...
[Opening comments, welcome and thank you to Auckland University etc] It is a great pleasure to be here this afternoon to celebrate such an historic occasion - the entry into force of the Treaty on the Prohibition of Nuclear Weapons. This is a moment many feared would never come, but ...
The Government is providing $3 million in one-off seed funding to help disabled people around New Zealand stay connected and access support in their communities, Minister for Disability Issues, Carmel Sepuloni announced today. The funding will allow disability service providers to develop digital and community-based solutions over the next two ...
Border workers in quarantine facilities will be offered voluntary daily COVID-19 saliva tests in addition to their regular weekly testing, COVID-19 Response Minister Chris Hipkins said today. This additional option will be rolled out at the Jet Park Quarantine facility in Auckland starting on Monday 25 January, and then to ...
The next steps in the Government’s ambitious firearms reform programme to include a three-month buy-back have been announced by Police Minister Poto Williams today. “The last buy-back and amnesty was unprecedented for New Zealand and was successful in collecting 60,297 firearms, modifying a further 5,630 firearms, and collecting 299,837 prohibited ...
Upscaling work already underway to restore two iconic ecosystems will deliver jobs and a lasting legacy, Conservation Minister Kiri Allan says. “The Jobs for Nature programme provides $1.25 billion over four years to offer employment opportunities for people whose livelihoods have been impacted by the COVID-19 recession. “Two new projects ...
The Government has released its Public Housing Plan 2021-2024 which outlines the intention of where 8,000 additional public and transitional housing places announced in Budget 2020, will go. “The Government is committed to continuing its public house build programme at pace and scale. The extra 8,000 homes – 6000 public ...
Prime Minister Jacinda Ardern has congratulated President Joe Biden on his inauguration as the 46th President of the United States of America. “I look forward to building a close relationship with President Biden and working with him on issues that matter to both our countries,” Jacinda Ardern said. “New Zealand ...
A major investment to tackle wilding pines in Mt Richmond will create jobs and help protect the area’s unique ecosystems, Biosecurity Minister Damien O’Connor says. The Mt Richmond Forest Park has unique ecosystems developed on mineral-rich geology, including taonga plant species found nowhere else in the country. “These special plant ...
To further protect New Zealand from COVID-19, the Government is extending pre-departure testing to all passengers to New Zealand except from Australia, Antarctica and most Pacific Islands, COVID-19 Response Minister Chris Hipkins said today. “The change will come into force for all flights arriving in New Zealand after 11:59pm (NZT) on Monday ...
Bay Conservation Cadets launched with first intake Supported with $3.5 million grant Part of $1.245b Jobs for Nature programme to accelerate recover from Covid Cadets will learn skills to protect and enhance environment Environment Minister David Parker today welcomed the first intake of cadets at the launch of the Bay ...
The Prime Minister of New Zealand Jacinda Ardern and the Prime Minister of the Cook Islands Mark Brown have announced passengers from the Cook Islands can resume quarantine-free travel into New Zealand from 21 January, enabling access to essential services such as health. “Following confirmation of the Cook Islands’ COVID ...
Jobs for Nature funding is being made available to conservation groups and landowners to employ staff and contractors in a move aimed at boosting local biodiversity-focused projects, Conservation Minister Kiritapu Allan has announced. It is estimated some 400-plus jobs will be created with employment opportunities in ecology, restoration, trapping, ...
The Government has approved an exception class for 1000 international tertiary students, degree level and above, who began their study in New Zealand but were caught offshore when border restrictions began. The exception will allow students to return to New Zealand in stages from April 2021. “Our top priority continues ...
Today’s deal between Meridian and Rio Tinto for the Tiwai smelter to remain open another four years provides time for a managed transition for Southland. “The deal provides welcome certainty to the Southland community by protecting jobs and incomes as the region plans for the future. The Government is committed ...
Prime Minister Jacinda Ardern has appointed Anna Curzon to the APEC Business Advisory Council (ABAC). The leader of each APEC economy appoints three private sector representatives to ABAC. ABAC provides advice to leaders annually on business priorities. “ABAC helps ensure that APEC’s work programme is informed by business community perspectives ...
The Government’s prudent fiscal management and strong policy programme in the face of the COVID-19 global pandemic have been acknowledged by the credit rating agency Fitch. Fitch has today affirmed New Zealand’s local currency rating at AA+ with a stable outlook and foreign currency rating at AA with a positive ...
The Government is putting in place a suite of additional actions to protect New Zealand from COVID-19, including new emerging variants, COVID-19 Response Minister Chris Hipkins said today. “Given the high rates of infection in many countries and evidence of the global spread of more transmissible variants, it’s clear that ...
$36 million of Government funding alongside councils and others for 19 projects Investment will clean up and protect waterways and create local jobs Boots on the ground expected in Q2 of 2021 Funding part of the Jobs for Nature policy package A package of 19 projects will help clean up ...
Michelle Kidd defines her role at Auckland’s specialist family violence court as te kaiwhakatere – the navigator. It’s a one-of-a-kind job, helping guide defendants through the court system. And there’s no one better suited to it than Whaea Michelle.First published November 24, 2020.Whaea Michelle is part of Frame, a series of short ...
Source: The Conversation (Au and NZ) – By Sallie Yea, Associate professor & Principal Research Fellow, La Trobe University Each year, thousands of men and boys labour under extremely exploitative conditions on commercial fishing vessels owned by Taiwanese, Chinese and South Korean companies. The Taiwanese fleet, which operates in all ...
Children’s Minister Kelvin Davis believes the Crown should maintain responsibility for the care and protection of at-risk and vulnerable children, regardless of their race. Moreover, he is confident his all-Maori team of advisers will not be taking race into account as they help to improve Oranga Tamariki’s care and protection of ...
It’s easy to sacrifice John Banks. It’s a lot harder for brands, sports organisations and government to truly stop funding racism. Are they willing to try?Yesterday John Banks, the former Auckland mayor and MP, became subject to one of the fastest firings in media history when audio covering his approving ...
A community is outraged after Auckland Council granted consent for a row of trees planted by local kids to be removed along a revitalised waterway in South Auckland, reports Justin Latif. An Auckland Council decision to give contractors the all-clear to chop down 12 mānuka and kānuka trees shading Māngere’s Tararata ...
Te Pūtahitanga o Te Waipounamu hopes that the recent changes to Oranga Tamariki leadership present an opportunity for a long overdue paradigm shift that will place whānau at the heart of the child welfare sector. Pouārahi Helen Leahy says that ...
Source: The Conversation (Au and NZ) – By John Rice, Professor of Management, University of New England Elon Musk is now the world’s richest person, edging out previous title holder Amazon’s Jeff Bezos. His rocketing fortune is due to the booming share price of Tesla, the maker of electric vehicles ...
There are now three returnees who contracted the virus in the Auckland isolation facility then left into the community while positive. These are some of the questions that need to be resolved. At 10.20pm last night the Ministry of Health confirmed that the two cases they’d been treating as probable ...
Having a hard time remembering to scan in on the NZ Covid Tracer app when you’re out and about? Get this song stuck in your head and you’ll never forget again.Learn the lyrics:Aotearoa, it’s time to get scanning!I mean if you think about it, it never really wasn’t time we ...
We conclude our week-long examination of New Zealand writer Roderick Finlayson with a review of his stories by John Newton Roger Hickin’s Cold Hub Press is one of the small miracles of contemporary New Zealand publishing. Over the last decade, on what can only be a shoe-string budget, the ...
Thursday 28th January, AUCKLAND: Drive Electric, the not-for-profit with one mission – making electric vehicle uptake in New Zealand mainstream, welcomes the announcement by the Government today as a sign of what’s to come through 2021, and we are confident ...
The Government announced today key policy decisions on the proposed clean car policies. The MIA has stated on many occasions that we support well thought out and constructive policies that will lead to an increased rate in the reduction of CO2 emissions from ...
Get wild, get cultured, get fed and then get to bed: the essential guide to a perfect few days in the southern city. There’s one thing that preoccupies the staff of The Spinoff almost as much as arranging popular food items into arbitrary lists, and that’s Dunedin. A quite remarkable ...
John Banks’ racist exchange with a Magic Talk listener on Tuesday was the latest in nearly 50 years of talkback controversies. Donna Chisholm has the receipts.John Banks axed over Māori ‘stone age culture’ comments on Magic Talk1972: On Radio I, sports talkback host Tim Bickerstaff launches a “Punch a Pom ...
*This article first appeared on RNZ and is republished with permission.Two new community Covid-19 cases have been identified as the more infectious South African variant, but Auckland Mayor Phil Goff sayit would be "premature to go into lockdown now". The two new cases of Covid-19 identified in the ...
Today, for the second time in two months Dunedin climate protectors have locked themselves to the railway tracks outside the Dunedin Railway station to stop the KiwiRail coal train from Bathurst Resources’ Takitimu mine in Southland to Fonterra’s ...
KiwiRail STOP Hauling COAL Today, for the second time in two months Dunedin climate protectors have locked themselves to the railway tracks outside the Dunedin Railway station to stop the KiwiRail coal train from Bathurst Resources’ Takitimu mine ...
Source: The Conversation (Au and NZ) – By Adam Dunn, Associate professor, University of Sydney The government is rolling out a new public information campaign this week to reassure the public about the safety of COVID-19 vaccines, which one expert has said “couldn’t be more crucial” to people actually getting ...
Source: The Conversation (Au and NZ) – By Therese O’Sullivan, Associate Professor, Edith Cowan University The COVID vaccine rollout has placed the issue of vaccination firmly in the spotlight. A successful rollout will depend on a variety of factors, one of which is vaccine acceptance. One potential hurdle to vaccine ...
Source: The Conversation (Au and NZ) – By Bernard Walker, Associate Professor in Organisations and Leadership, University of Canterbury Kiwis know what it’s like when life throws curveballs. We’ve had major quakes, floods, fires, an eruption, a terrorist attack and now a pandemic. In those situations, it’s the ability to ...
Source: The Conversation (Au and NZ) – By Peter Irwin, Emeritus professor, Murdoch University While we continue to be occupied with the COVID pandemic, another life-threatening disease has emerged in northern Australia, one that’s cause for considerable alarm for the millions of dog owners around the country. This disease — ...
Source: The Conversation (Au and NZ) – By Cath Ferguson, Academic, Edith Cowan University Almost half of Australian adults struggle with reading. Similar levels of struggling readers are reported in the United Kingdom and United States. This does not mean all struggling readers are illiterate. It means they often struggle ...
Source: The Conversation (Au and NZ) – By Abbas Shieh, Assistant Professor of Urban Planning and Design, Islamic Azad University The industrial revolution transformed cities, resulting in places of residence and work becoming more distant than ever before. This spatial segregation is still largely embedded in the design of our ...
Source: The Conversation (Au and NZ) – By Ari Mattes, Lecturer in Communications and Media, University of Notre Dame Australia Review: Occupation: Rainfall, written and directed by Luke Sparke Historically, when a sequel to a film was greenlit, you could rest assured this was because the first film made a ...
Welcome to The Spinoff’s live updates for January 28, keeping you up to date with the latest local and international news. Reach me on stewart@thespinoff.co.nzOur members make The Spinoff happen! Every dollar contributed directly funds our editorial team – click here to learn more about how you can support us ...
Good morning and welcome to The Bulletin. In today’s edition: Tourism suffers in the shadow of Covid-19, two new positive cases in Auckland confirmed, and National will contest the Māori electorates.The front page of the January 4 Greymouth Star carried grim tidings for several of the glacier towns on the ...
*This article first appeared on RNZ and is republished with permission. Two people who left managed isolation on January 15 have been confirmed as positive Covid-19 cases, with the Ministry of Health urging anyone who visited the same locations during the same time period as the infected pair in Auckland to ...
The watchlist of 'offensive or unreasonable' babies' names is to be reviewed, to include more names from other languages. Generations of the Īhaka family have played a meaningful role in bringing Te Reo and stories of Māori to our wider community. Archdeacon Sir Kīngi Matutaera Īhaka (Te Aupōuri, 1921-93) was known as the orator of ...
After Morocco’s flagrant violation of the terms of the ceasefire in Western Sahara on Friday 13 November 2020 war broke out between the two sides. In the midst of this war Tauranga based Ballance Agri-Nutrients has decided to carry on importing phosphate ...
Nicholas Agar suggests that our handling of the pandemic could be partly down to our distinctive Treaty of Waitangi relationship, and Māori ideas that enabled us to make it through without tens of thousands of deaths A mission for universities in the coming decade will be a deep understanding of the meaning ...
A young girl who once sent $5 to an embattled America's Cup team is now among the women on the water helping run the contest for the Auld Mug. As an eager and generous nine-year-old, Melanie Roberts posted a letter, with a $5 note, to OneAustralia’s America’s Cup team. It was 1995, ...
At 5am today, cock’s crow, the embargo lifted on the Ockham New Zealand Book Awards longlist. Here are the books in the race, followed by thoughts from poetry editor Chris Tse and books editor Catherine Woulfe. A shortlist of four books in each category will be announced March 3, with ...
Ignoring those QR codes when you drop into the supermarket? Can’t be bothered when you grab a coffee? The people serving you notice, and you’re freaking them out.So far, New Zealanders’ use of the Covid-19 Tracer app has been notably woeful. Food industry workers who’ve watched streams of customers walk ...
Steve Braunias reveals the longlist of the 2021 Ockham New Zealand book awards Apart from one or two unfortunate omissions which cast doubt on the sanity and intellectual acumen of judges, especially the nobodies who judged this year's non-fiction, the longlist for the 2021 Ockham New Zealand book awards is ...
By Lulu Mark in Port Moresby Papua New Guinea’s biggest hospital is straining to provide medical services to the growing population of the capital Port Moresby – with an estimated growth rate of 3 percent annually, a medical executive says. Port Moresby General Hospital chief executive officer Dr Paki Molumi ...
Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Nationals who attend Thursday’s memorial service in Tweed Heads for Doug Anthony, who died last month aged 90, may muse on the contrast between the state of their party when he led it and now. ...
Returning to quarantine-free travel in 2021 doesn't just need a vaccine, but a way to check whether arriving passengers are actually immune to the virus. A smart Kiwi science start-up is working with a global biometrics giant to make that happen. A deal signed between Kiwi research and development company Orbis Diagnostics, ...
Source: The Conversation (Au and NZ) – By Caitlyn Forster, PhD Candidate, School of Life and Environmental Sciences, University of Sydney This summer’s wetter conditions have created great conditions for flowering plants. Flowers provide sweet nectar and protein-rich pollen, attracting many insects, including bees. Commercial honey bees are also thriving: ...
Lotto scratchie tickets featuring the pop band Six60 are being withdrawn after a public backlash. In a statement, Lotto NZ said there had been a mutual decision made with the band to remove the tickets from sale following the negative feedback, and it offered an apology. The band faced criticism, both ...
Source: The Conversation (Au and NZ) – By Russell Dean Christopher Bicknell, Post-doctoral researcher in Palaeobiology , University of New England Shell-crushing predation was already in full swing half a billion years ago, as our new research published in the Proceedings of the Royal Society B reveals. A hyena devouring ...
Vodafone has suspended advertising on the radio station amid calls for talkback host John Banks to be taken off air after yet another racist outburst. Alex Braae reports. In an alarming segment of talkback radio, former Auckland mayor John Banks endorsed the views of a caller who described Māori as a ...
Source: The Conversation (Au and NZ) – By David Welch, Senior Lecturer, University of Auckland When a COVID-19 case was found in Northland last Sunday, Aotearoa’s second-longest period with no detected community case came to an end. ESR scientists worked late into Sunday night to obtain a whole genome sequence ...
He has the perfect moustache, an exceptional mullet, and he uses terms like ‘face hole’ on national TV. Who or what is Dr Joel Rindelaub?I was drawn in by the moustache, but it was the mullet that really kept me there. Watching TVNZ’s Breakfast yesterday morning I was fixated. Often, ...
We’ll never be royals with nearly a quarter of declined baby names featuring “Royal” in some form or another. Te Tari Taiwhenua Department of Internal Affairs has released the list of names declined in 2020 by the Registrar-General of Births, Deaths and ...
After a raft of inquiries delving into and recommending what should be done about the politically beleaguered Orangi Tamaraki, along with the briefing papers we suppose he has been given, we imagined Children’s Minister Kelvin Davis would have no more need for expert advice. Wrong. He has ...
Source: The Conversation (Au and NZ) – By Vincent Ho, Senior Lecturer and clinical academic gastroenterologist, Western Sydney University There’s a common assumption men take longer than women to poo. People say so on Twitter, in memes, and elsewhereonline. But is that right? What could explain it? And if ...
Just as sexuality is a spectrum, so too is asexuality. In Ace of Hearts, members of New Zealand’s asexual community talk about the challenges and misconceptions of identifying as ace.First published November 17, 2020.Ace of Hearts is part of Frame, a series of short documentaries produced by Wrestler for The Spinoff.“A ...
Sam Brooks wasn’t allowed to watch kids TV as a kid. Now, as a 30 year old man, he watches it for the first time.My mother’s approach to parenting was unorthodox. I wrote weekly book reports on top of my actual homework, I did maths equations in Roman numerals and ...
Pacific Media Watch newsdesk More leading Indonesian figures have made racial slurs against Natalius Pigai, former chair of the National Human Rights Commission (Komnas HAM) – and all West Papuans, says United Liberation Movement of West Papua (ULMWP) interim president Benny Wenda. “Since the illegal Indonesian invasion in 1963, Indonesian ...
“The Government’s failure to even conduct a standard cost-benefit analysis for the most expensive infrastructure project in New Zealand’s history is mind-bogglingly arrogant,” says New Zealand Taxpayers’ Union spokesman Louis Houlbrooke. “A ...
The Ministry of Health is today drawing backlash from the local New Zealand vaping industry following its release of proposed regulations for the Smokefree Environments and Regulated Products Act. Vaping Trade Association New Zealand (VTANZ) President, ...
Sophie Gilmour and Simon Day are joined by special guest Hugo Baird, co-owner of Grey Lynn’s Honey Bones and Lilian, to talk about opening new pub Hotel Ponsonby.Auckland is a city of many bars but few really good pubs – the kind of places you’d be just as comfortable going ...
The appointment of an advisory board for Oranga Tamariki is welcome and should be a step toward a total transformation of the care and protection system to a by Māori, for Māori approach, Children’s Commissioner Andrew Becroft said today. Minister ...
Taking control of your financial wellbeing can have cascading positive impacts for your life and it can also be fun. With the help of the team at Kiwi Wealth, we’ve compiled some simple tricks for balancing your books in 2021. There’s something about the beginning of a new year, especially after ...
Source: The Conversation (Au and NZ) – By Kris Gledhill, Professor of Law, Auckland University of Technology As we know, getting into New Zealand during the COVID-19 pandemic is difficult. There are practicalities, such as high airfare and managed isolation costs. And there are legal requirements, including pre-flight testing, mandatory ...
New Zealand faces the risk of a generation being locked out of the housing market unless land is freed up and more houses built, National Party leader Judith Collins says. ...
On Sunday, Stuff published a months-long investigation by Alison Mau detailing allegations of harassment and exploitation within the local music industry.The piece, ‘Music industry professionals demand change after speaking out about its dark side’, includes allegations of inappropriate behaviour and abuse of power by male artists, international acts and executives; ...
“The Government is all at sea on timelines for Australia and New Zealand’s respective vaccine roll-outs, with the worst news coming from the mouth of Pfizer Australia CEO Anne Harris,” says ACT Leader David Seymour. “Yesterday, under increasing ...
Source: The Conversation (Au and NZ) – By Claire Higgins, Senior Research Fellow, Kaldor Centre for International Refugee Law, UNSW As a presidential candidate, Joe Biden promised the US would demonstrate “global leadership on refugees”. Once elected, he pledged to vastly increase refugee resettlement in the US. If history is ...
Source: The Conversation (Au and NZ) – By Alex Baumann, Casual Academic, School of Social Sciences & Psychology, Western Sydney University Among the many hard truths exposed by COVID-19 is the huge disparity between the world’s rich and poor. As economies went into freefall, the world’s billionaires increased their already ...
Source: The Conversation (Au and NZ) – By Jan Lanicek, Senior Lecturer in Modern European History and Jewish History, UNSW On January 27 communities worldwide commemorate the liberation of Auschwitz — the largest complex of concentration camps and extermination centres during the Holocaust. This is the first year the International ...
Source: The Conversation (Au and NZ) – By Lorinda Cramer, Postdoctoral Research Associate, Australian Catholic University The summer break is over, marking a return to the office. For some, this ends almost a year of working from home in lockdown. Some analysts are predicting it might also mark an enduring ...
Welcome to The Spinoff’s live updates for January 27, keeping you up to date with the latest local and international news. Reach me on stewart@thespinoff.co.nzOur members make The Spinoff happen! Every dollar contributed directly funds our editorial team – click here to learn more about how you can support us ...
Source: The Conversation (Au and NZ) – By Alexander Gillespie, Professor of Law, University of Waikato New Zealand has a strong history of protecting and promoting human rights at home and internationally, and prides itself on being an outspoken critic and global leader in this area. So, when the most ...
Financial terrorists strike Christchurch, thousands with wrecked dwellings held hostage, Terrorists demand $500 million ransom from the government. As the crisis unfolds the terrorists demands are expected to increase to $1 billion.
No charges to be laid.
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John Balmforth AMI head, says they have enough to pay out on all their earthquake damage policy claims – estimated cost, $1 billion.
AMI has $600 million of reinsurance cover and about $500m in cash and investments which would be enough to cover all claims, but would leave the company financially strapped.
AMI chief executive John Balmforth:
“We have not had events of this magnitude before. But we had $600 million reinsurance for the first event and we have another tranche of $600 million we can draw down on and another tranche of $400 millon we can draw down on,” he said.
Bamforth said AMI “had no issues meeting its commitments” “There will be increases in premiums nationally. I think these will be across the board, that’s just going to be a flow-on effect,” Balmforth said AMI was backed by some of the largest international reinsurers based in Bermuda and other parts of the world. Claims would be met. “I’m completely confident we can cover this. I’ve had messages from reinsurers offering support and saying they are ready to assist.”
In my opinion, it is probable that an honest effort by AMI to meet their commitments without government help would seriously effect AMI’s position in the insurance market. By paying their bills like an honest citizen would by necessity entail serious downsizing by AMI, with a resulting loss in market share, even complete collapse.
But so be it. It is not their money, it was deposited with them by their policy holders for just such an event. So rather than pay back their policy holders with ‘their’ money AMI gets to keep it, and we the taxpayer pay out instead?
So, How does this work again?
The Government comes up with eye watering amounts of public money to allow a bankrupt private company to avoid it’s responsibilities and continue to be a major player in the insurance market, ensuring that this corporate will be around to reap the higher premiums that John Balmforth speaks of.
Tax paid Social Welfare to big companies and private investors, comes at the expense of the Social Insurance Policies that this money was supposed to provide for.
So when families are poorly housed and children get sick and their parents can’t afford the medical bills, and they get sicker. They can comfort their children, by relating to them the warm fuzzy fairy tale ending for AMI that Mum and Dad helped pay for.
“So darling the government propped up a bankrupt private insurance company, they did this by bankrupting the state, so despite your Mummy and Daddy and Grandma and Granddad paying taxes all their lives, that is the reason why you can’t get into the public hospital.”
With not even the flimsy excuse that AMI was part of the outrageous Deposit Guarantee scheme… What possible moral justification can the government give for this bailout?
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10717709
capcha – “damages”
I read 2 stories in Stuff’s Business section this morning on Tax Havens. The stories are not that prominent on the site, but they show a significant process that is part of the way the global financial/money system works to maintain and extend the wealth gap. The articles point to the way Tax Havens are an essential part of this system, Where the Rich… Get Richer:
This and the second article, on the NZ government’s opposition to a UN initiative to tackle tax haven abuse say that NZ is also being used as a tax haven by some of the wealthy in other countries.
press enter at end of the quoted block, back arrow or click to the end of the quoted block and click on the quote button again.
Wikipedia – not necessarily the most reliable of sources – currently categorises NZ as a tax haven because it:
“…does not tax foreign income derived by NZ trusts settled by foreigners of which foreign residents are the beneficiaries. Nor does it tax the foreign income of new residents for four years. No capital gains tax.”
Should the tax reductions have been reversed because of the Christchurch earthquakes? No – it’s absurd to think that immediately an event occurs taxes are tweaked. At the very least it takes time to evaluate and implement significant monetary changes.
Should the tax reductions be reconsidered? Yes, this year’s budget is an appropriate time to announce any changes if they are thought necessary, but they are problematic, it’s unlikely the GST rate will be dropped back down, or taken off selected categories, so increasing taxes risks further stalling a struggling economy.
So you would rather wreck our public and social services then?
Tell me Peter, how many hospitals did National close between 1990-99 and how many did Labour close between 1999 and 2008?
Ill tell you. When labour put taxes up in 1999, the money went into HOSPITALS AND HEALTH CARE SERVICES. No hospital closed after 1999. But you are quite happy to have solo mother live on the street, and have American style health care so the rich can pay a few dollars less in tax.
And given that you have opposed wage increases for workers (I suppose you want wages to go back to 1999 levels like Don Brash does), you see a future of misery for people
Bullshit. I have never suggested anything like that.
* I support a fair welfare state.
* I have never mentioned an American style health system here, and have never supported an American style health system.
Bullshit again. I have never suggested anything like that. I have questioned why the amount of $15 per hour is being claimed to being some magical fix, I have never seen yet anyone justify that over any alternate amount. No data to support it.
Why $15?
Go and do some of your own research like you did the other day. There should be plenty on Union websites (try CTU for a start maybe). From memory the Unions want it pegged around 66% of the median wage which is more than $15.
$15 just happens to be the minimum wage in Oz, must have been suggested to close that gap 😀
Actually Pete you’ve stated several times that you don’t believe in minimum standards of living except as determined by the market.
What usually happens now is you demand that I show evidence, then I post a link to you spewing some awful heartless bile, then you stop replying.
But it’s very boring so I don’t think I’ll bother anymore.
Good on Ya Felix. I also see no point in replying to the repetitive time-wasting and frankly overly distractive slogans that are spewing from the right. Personally I want to concentrate on far more interesting events,
Like sharing the information that is already out there
Like getting every voter i know to not vote for any of the major parties
CERRA has a lot to answer for and I for one do not see the point in voting for people who voted against Democracy
I am beginning to believe NZ must sacrifice this election and send a very clear message to the troughers, shape up or piss off
I am fairly confident that the thousands and thousands of people who actually run the country will welcome the opportunity to do their job without seasoned MP’s constantly twisting the rules, changing the game-plan and generally shitting on NZ again and again and again
You just keep making things up felix. It’s not achieving much, us it.
Pete, either we raise taxes to cover the shortfall in the budget now due to the earthquake, or we borrow the money.
If we borrow the money, we have to pay interest on it. The amount borrowed + the interest must be paid back at a future date, from taxes. So we either pay taxes on the principal now, or we pay taxes on the principal and interest over time.
Therefore refusing to raise taxes now, for this one-off event, will cost us more over time.
Or we take back our right to print our own money and tell the money masters f*&k off and say no to the sin of usury. Our work our wealth.
It would still require an increase in taxes so that the government can redirect our resources into fixing up that damaged by the disaster. As I’ve said, money is not a resource.
DTB,
I agree with you but to be honest I’d rather pay taxes towards helping the people in Christchurch and things Kiwi’s need than taxes to pay the banksters interest on money they created out of thin air.
So would I.
Me too.
It’s a tricky balancing act Lanthanide, with no guarantee that whatever is chose is the right mix. Taxing more runs the risk of stifling a recovery which runs the risk of lowering the tax take or keeping it low for longer.
It’s easy to say “we should raise taxes”, or “we should borrow more” (as Helen Kelly suggested on Q+A this morning), but those who make the decisions have a lot more complexities to consider.
And as Jon Johansson said on Q+A this morning this government is only pragmatic within its ideological straight jacket. The point being made that this government has ignored the complexities and is ruling out even temporary tax increases in favour of its ideologically based solutions.
There is very little evidence for the supply side nonsense you are peddling. Cuts run exactly the same risk you are talking about, so it’s a wash in that respect.
That point was reinforced in the discussion with English when he was talking about Treasury advice around the benefits of privatisation. Treas was saying that there is very little evidence that the private sector would run the companies any better, and Old Bill could only fall back on dogma.
It would be nice to think that this government was ‘considering the complexities’, but as the panel agreed on Q+A there are concerns that they are not, and little evidence that they are.
All the evidence over the last 50 years shows that too low taxes stifle the economy more than too high taxes do.
That is clearly put Lanthanide. I can’t see how the wishful thinkers about reduced taxes regularly here can pop up like corks again with their tripe.
Actually, it’s absurd not to. How else is the country going to pay to fix things up?
My friend tells me Double Dipstick has been mouthing more billshit bullshit claptrap craptrap on Q&A.
Don’t worry Jim Nald: The panel dealt to him afterwards. Good to see Helen Kelly on the panel and a ‘respectful’ Paul Holmes who didn’t interrupt her once.
Job well done. 🙂
I agree Anne. I nearly didn’t turn on the programme but figured there was not much else on for my morning cuppa! Holmes was much better by staying more in the background: I normally can’t stand his opinionated nonsense. Espiner asked harder questions than the usual patsy, but what was most interesting for me was English trotted out his usual ideological nonsense, but his eyes and general lack of enthusiasm suggested he no longer believed it.
Now that is interesting. Maybe he’s waking up to the fact that ideology doesn’t trump reality – it was his ideological plan that prevented NZ coming out of recession after all. Not that I’m holding my breath about it.
I dreaded checking out Q&A online and thought I might have needed to take some sedatives first (perhaps, like Holmes, who was administered some today before the cameras started rolling?) before viewing the Guyon-English interview:
http://tvnz.co.nz/q-and-a-news/sunday-april-10-4108966/video
And Holmes’ discussion with the panel:
http://tvnz.co.nz/q-and-a-news/sunday-april-10-4108966/video?vid=4109852
Helen Kelly is exceptionally outstanding.
The future of housing in Auckland
This lodge was in the news 3 years ago, there was a huge fuss over it Labour promised to do something about it, but then everything died down, and National got in, and people there still live in misery. And as rents skyrocket, and landlords get more choosy about what tenants they choose to house, and as Housing NZ wash there hands of more and more people, and start kicking more and more tenants out, squalid boarding houses, are going to grow and grow.
This will be the price of National’s prosperity.
Why is that lodge still standing? It should have been knocked down and the owners fined years ago.
From the Herald article.
I am in a 2 bedroom State House, and I want a transfer, because although I need subsidised housing (on UB), I don’t need two bedrooms. But I am currently having a huge battle with HNZ over other issues, so a transfer is way down the list for me. Survival mode. Honestly any of the families in that article could have this place, if I had my way. But I am just managing to survive myself! I wish I could help one of those families. I wish even more, that the NACT government would do what it’s supposed and help all of them!
RIP Sidney Lumet
Here is the unforgettable “we’re mad as hell and we’re not gonna take it anymore.”
I hope you’re with me on that.
The week that was
http://thejackalman.blogspot.com/2011/04/week-that-was.html
The National Government offer to bailout AMI to the tune of more than a Billion dollars. The privately owned company has had financial difficulty since the Christchurch Earthquake and improper re-insurance. In light of the South Canterbury Finance hash and despite the Treasury advising John Key that South Canterbury Finance was never compliant with the scheme…
Wendy Pye, NZ literacy entrepreneur, was on Chris Laidlaw on Radionz this morning. People like her should get listened to, she has been a business and educational plan success, has a good product doing good things around the world. that magic word ‘exporter’. Not ‘dairy producer’, but ‘advanced high-end products producer’.
She has an excellent take on NZ, business and the export market as she has been round long enough to have wide experience with successes and failures, and how to survive both. She is held at arms length by Min of Education though embraced by other achievement focussed governments. This seems to follow from what I see is a negative attitude amongst NZs to trying anything new, stepping out from the known. And one of the problems is that the bureaucrats and academics are concerned about dealing with private enterprise. I think they can’t differentiate between having Macdonalds sponsoring schools and successful, experienced non-religious or narrowly ideological companies focussed solely on educational tools.
I referred to NZ negativity in the waka controversy which idea suffered death from a thousand whiny criticisms from contributors here, ie I don’t like plastic, Maori can’t make good decisions about showing their culture. Wendy’s products appear to have received less than positive treatment probably with the same mindset. I thought also of Peter Snell, such a success but not embraced and drawn back to this country – he has been in Texas for years.
BTW Texas is planning a new wide-ranging project for literacy. Here at the bottom of the world we have tight-minded smug middle-class Ann Tolley whose low horizon is viewed from a entrenched trench, choosing National Standards as her lead initiative in schools. Yet Wendy Pye points out our good record in literacy, the problem being the large ‘tail’ of non-readers, prevented from obtaining worthwhile work and achieving prosperity by their lack of literacy, and that most of our jail inmates bear this disadvantage.
Yeah, but I found myself getting increasingly bored as Laidlaw and Pye started going on endlessly about the alleged ‘tall-poppy syndrome’ in this Country. The same old scolding of the New Zealand public for not treating entrepreneurs as some sort of Super-Heroes. Yawwwwnnnnn.
Danyl @ The dim post wonders if the reason our business leaders have difficulty with the “red tape” is because they’re stupid.
The Mainfreight genius talking on the Dimpost wants less bureaucracy and regulation. Isn’t that firm where sweet Jenny Shipley presides? Pollies from NACT get consolation so often with the old saying ‘When one door closes, another opens’ don’t they?
Yup, call it the “revolving door” of jobs or sinecure between NACTs, rich elites and big business.
D..Damn
You may be tired of the tall poppy syndrome being mentioned but facing it becomes more relevant as we move through the decade and I think it is time for a change.
We need to be as supportive of our entrepreneurs and successful projects of all types that are beneficial to the country, as we are of sports people. They work hard to help themselves trying for personal success; sound, innovative businesses that achieve success help the country.
But nor should we forget the people who enable them to achieve that success. We shouldn’t enable entrepreneurs to succeed at the expense of their employees’ rights to fair pay and fair treatment for fair work.
Anyone needing a laugh should look at Kiwiblog, if you can stand the stench.
There’s some cove keeps impersonating me and taking DPF to task. What a bloody cheek!
A new dawn in Egypt……..
http://www.reuters.com/article/2011/04/10/us-egypt-protest-idUSTRE73754M20110410
I have always approved Mat McCartens opinions and I admire the way he overcame a bad speech impediment .However these days he seems to spend more time attacking the Labour Party and in particular Phil Goff. What the hell is he playing at? The enemy is the Tory Party.,The only conclusion I can come up with is that there is a personal vendeta going on with Phil,Goff.Get back on Board Matt its going to be hard enough to win the next election with out you attacking Labour at every opportunity .
Hes attacking Labour because he sees whats wrong and how to fix it, maybe Labour need to start listening
Labour’s list has been announced:
http://www.stuff.co.nz/national/politics/4869855/Labours-party-list-for-November-election
So, if Labour get roughly their current level of support (low 30’s) could there be only one or two new list MPs? (plus several from “safe” electorate seats?)
It doesn’t look very inspiring – no noticeable new names apart from Andrew Little. If Labour lose, there’s going to be a big clear out for 2014 (Barker, Horomia, King, Mallard, Goff etc).
Oh well.
At the time of writing, The Poll on that page puts Lab/G/NZ1 combined vote of 387 higher than M/UF/ACT/Nat 316.
Ideally that would be indicative of the long term trend. Lets see what One News has to say tonight on their poll.
Actually, the Labour list looks to me like a reasonable mix of relative newbies (class of 2008) and experienced MPs. It looks like there is a gradual turn-over of new MPs, which is for the best, rather than a radical clean-out of ALL the old hands.
Cat and Dolphins playing together
When are people going to start complaining about foreign banks deciding our economic future for us?
Saturday, 9 April 2011, 2:26 pm
Press Release: The Nation ‘THE NATION’
GEORGE FRAZIS – Westpac New Zealand CEO
Interviewed by DUNCAN GARNER
Duncan Let’s talk about the state of the economy in the wake of the AMI decision and how does the country afford this rescue package and the bail out of South Canterbury Finance for that matter? Well some say we can’t afford it and we can’t afford to keep bailing out bad business decisions, they say if we do we’ll go broke. So how close are we to going broke? The Chief Executive of Westpac New Zealand George Frazis is with me now.
Hey Jum from Jim
There’s a small baby step each Kiwi can make for a real difference –
Walk away from foreign banks
And put money into locally owned banks like TSB Bank and Kiwibank
Go on. Do it now.
Open an account with http://www.tsbbank.co.nz or http://www.kiwibank.co.nz,
then move funds and mortgage into either.
Jim, if NACT is returned then I don’t think we’ll have Kiwibank.
Bugger. You’re right.
But we should move our money into locally owned banks while they are around anyway. If not now, when?
I don’t think National have done anything to suggest they would try and privatise Kiwibank. Remember, this is a voter cautious, slow action or no action government. Any proposed asset sales are likely to clearly signposted pre election. If Labour have a strategy of vehemently opposing a modest number of partial asset sales it may reinforce the perception they are just exaggeration junkies.
Actually, vehement is not the best description, passion and enthusiasm may be wrongly inferred – going through the motions of loudly protesting for the sake of it may be more appropriate.
http://www.stuff.co.nz/national/politics/562746
2008 – and since then Key has had to categorically deny they’d sell while he is PM
“Mr English refers to the voters’ view of “that nice man John Key” and his appeal to “Labour-plus” voters – people who believed National would let them keep all Labour’s money, with more on top.
He also refers to needing to “sort out” Working for Families and suggests National will sell Kiwibank “eventually, but not now”.”
Brian Goulds latest post on how we revere business leaders:
http://www.bryangould.net/id149.html
That is well worth the read and so very close to the truth. We’re expected to worship the businessmen whether they’re capable of what’s expected of them or not.
Paula Bennett on people having to go through a budgeting exercise before applying for a hardship grant:
“They could go online and fill out a budgeting form”
Right, like all Decile 1 households have a computer. What fucking planet is she on?
Salon: Right winger + hard time = compassion.
Some of the most eloquent advocates for prison reform are conservatives who find themselves behind bars
http://www.youtube.com/watch?v=mHWvbisFg0I&feature=player_embedded
Two intrepid dudes encounter stray animals, torn apart roads and deserted settlements as they film their trip to measure the radiation from 30 km out to 1.5 km away from Fukushima.
Bill Maher – Shine My Shoes Fuckface II
“They’re banging porn stars and you’re getting the crabs”
“While the Republicans, the party of millionaires, is shutting the government down because they can’t have a tax-free world. As Paul Ryan says, ‘It’s not a budget it’s a cause’, like slavery…”
http://www.youtube.com/watch?v=wKgZ4q5SLCI
Luvvit.
Hey Lynn
When will The Standard email me the bank account number so that I can make monthly cash donations?
Will be good to be provided with a pdf version of “best of the week’s” posts (maybe including comments from others) so that they can be printed on A3 or A4.
I would be willing to stand at street corners or outside supermarkets for a few hours on Fri-Sun and sell them (with money being deposited back into The Standard’s bank account) or to give away. The point is to encourage the wider dissemination of the issues raised by TS.
Whadyareckon?
This has been commented on before – you’re quite welcome to put one together. I believe others already do pass out copies.
Guess I can just copy and paste or print out separate, selected pieces but
I’d prefer to have an official or endorsed pdf version for hard copies to be printed …
Want to see pole-axed Rethuglican?
This guy could not find one good point to refute universal healthcare in the US:
http://www.youtube.com/watch?v=TYYRZII62Vw
Comment by dch3348
Says it all really.
Yes Draco, scrolled down and read that particular comment and it wondered how many more peiople were coming to the same realisation in America.
Still, I think it’s going to take maybe 50% of Ameicans on food stamps before they’re angry enough to do something about it and figuratively eviserate the GOPlets.
You know M, it is amazing that in the wealthiest country in the world they appear to not understand the disaster of their own Health system. The strange story from the “pole-axed Rethuglican” that the British Health System was and example of failure because “his sister couldn’t get an epidural because they thought she was too fit.” Aha. There you have it if the Brit Health system don’t want to give you an epidural so the System is a complete failure. Huh?
I think NZ has one of the least expensive with the finest effectiveness in the World. (Unless you believe it when Tony Ryall that it is a disaster.)
Yes ianmac, NZ’s system isn’t perfect and there are medical disasters that make my blood boil but I’d rather have “socialist” health care than the bloated, corrupt and “loaded dice” system where every possible avenue is explored to turn down a legitimate insurance claim.
I also believe the epidural refusal was if not a complete fabrication then a definite stretching of the truth. Having had epidurals for both my kids as I had a 20-hour and a 12-hour labour there are few situations where a woman cannot have one provided there is time and I would hope that most obstetricians would not be so sadistic as to refuse one. Even if a woman is chided about having one she should go all out to have one if she wants it – screaming down the birthing ward would probably be enough to convince a reluctant doctor.
When my youngest was born she had a ABO incompatibilty problem and the treatment she received in neonatal was first class. I hate to imagine what parents in the US would pay for such treatment although I’m sure Tony and his mob are working overtime to bring about such a situation.