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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The notion of geopolitical “periphery.” The concept of periphery used here refers strictly to what can be called the geopolitical periphery. Being on the geopolitical periphery is an analytic virtue because it makes for more visible policy reform in response … Continue reading → ...
Fill me up with soundThe world sings with me a million smiles an hourI can see me dancing on my radioI can hear you singing in the blades of grassYellow dandelions on my way to schoolBig Beautiful Sky!Song: Venus Hum.Good morning, all you lovely people, and welcome to the 700th ...
Note: The audio attached to this Webworm compliments today’s newsletter. I collected it as I met people attending a Creed concert. Their opinions may differ to mine. Read more ...
The country has imported literally thousands of nurses over the past few months yet whether they are being employed as nurses is another matter. Just what is going on with HealthNZ and it nurses is, at best, opaque, in that it will not release anything but broad general statistics and ...
Emotional Response: Prime Minister Christopher Luxon addresses mourners at the tangi of King Tuheitia on Turangawaewae Marae on Saturday, 31 August 2024.THE DEATH OF KING TUHEITIA could hardly have come at a worse time for Maoridom. The power of the Kingitanga to unify te iwi Māori was demonstrated powerfully at January’s ...
National's tax cut policies relied on stealing revenue from the ETS (previously used to fund emissions reduction) to fund tax cuts to landlords. So how's that going? Badly. Today's auction failed again, with zero units (of a possible 7.6 million) sold. Which means they have a $456 million hole in ...
A question of size. Small size generally means large vulnerability. The perception of threat is broader and often more immediate for small countries. The feeling of comparative weakness, of exposure to risk, and of potential intimidation by larger powers often … Continue reading → ...
Open to all with kind thanks to all subscribers and supporters.Today, RNZ revealed that despite MFAT advice to Nicola Willis to be very “careful and deliberate” in her communications with the South Korean government, prior to any public announcement on cancelling Kiwirail’s i-Rex, Willis instead told South Korea 26 minutes ...
The Minister of Transport’s speed obsession has this week resulted in two new consultations for 110km/h speed limits, one in Auckland and one in Christchurch. There has also been final approval of the Kapiti Expressway to move to 110km/h following an earlier consultation. While the changes will almost certainly see ...
This guest post is by Tommy de Silva, a local rangatahi and freelance writer who is passionate about making the urban fabric of Tāmaki Makaurau-Auckland more people-focused and sustainable. New Zealand’s March-April 2020 Level 4 Covid response (aka “lockdown”) was somehow both the best and worst six weeks of ...
A heart that's full up like a landfillA job that slowly kills youBruises that won't healYou look so tired, unhappyBring down the governmentThey don't, they don't speak for usI'll take a quiet lifeA handshake of carbon monoxideAnd no alarms and no surprisesThe fabulous English comedian Stewart Lee once wrote a ...
Studies show each $1 of spending on walking and cycling infrastructure produces $13 to $35 of economic benefits from higher productivity, lower healthcare costs, less congestion, lower emissions and lower fossil fuel import costs. Photo: Lynn Grieveson / The KākāMōrena. Long stories short; here’s my top six things to note ...
Dad turned 99 today.Hell of a lot of candles, eh?He won't be alone for his birthday. He will have the warm attention of my brother, and my sister, and everyone at the rest home, the most thoughtful attentive and considerate people you could ever know. On Saturday there will be ...
This project analyzes security politics in three peripheral democracies (Chile, New Zealand, Portugal) during the 30 years after the end of the Cold War. It argues that changes in the geopolitical landscape and geo-strategic context are interpreted differently by small … Continue reading → ...
When the skies are looking bad my dearAnd your heart's lost all its hopeAfter dawn there will be sunshineAnd all the dust will goThe skies will clear my darlingNow it's time for you to let goOur girl will wake you up in the mornin'With some tea and toastLyrics: Lucy Spraggan.Good ...
The Government’s unveiling of its road-building programme yesterday was ambitious and, many would say, long overdue. But the question will be whether it is too ambitious, whether it is affordable, and, if not, what might be dropped. The big ticket items will be the 17 so-called Roads of National Significance. ...
In the late 2000s-early 2010s I was researching and writing a book titled “Security Politics in Peripheral Democracies: Chile, New Zealand and Portugal.” The book was a cross-regional Small-N qualitative comparison of the security strategies and postures of three small … Continue reading → ...
A few months ago, my fellow countryman, HelloFutureMe, put out a giant YouTube video, dissecting what went wrong with the first season of Rings of Power (https://www.youtube.com/watch?v=gJ6FRUO0ui0&t=8376s). It’s an exceptionally good video, and though it spans some two and a half hours, it is well worth your time. But ...
On Friday the Parliamentary Commissioner for the Environment released their submission on National's second Emissions Reduction Plan, ripping the shit out of it as a massive gamble based on wishful thinking. One of the specific issues he focused on was National's idea of "least cost" emissions reduction, pointing out that ...
There is no monopoly on common senseOn either side of the political fenceWe share the same biology, regardless of ideologyBelieve me when I say to youI hope the Russians love their children tooLyrics: Sting. Read more ...
Over the weekend, I found myself rather irritably reading up about the Treaty of Waitangi. “Do I need to do this?” It’s not my jurisdiction. In any other world, would this be something I choose to do?My answer - no.The Waitangi Tribunal, headed by some of our best legal minds, ...
A decade of under-building is coming home to roost in Wellington. Photo: Lynn Grieveson / The KākāMōrena. Long stories short; here’s my top six things to note in Aotearoa’s political economy around housing, climate and poverty on Monday September 2:Wellington’s leaders are wringing their hands over an exodus of skilled ...
This is a guest post by Charmaine Vaughan, who came to transport advocacy via her local Residents Association and a comms role at Bike Auckland. Her enthusiasm to make local streets safer for all is shared by her son Dylan Vaughan, a budding “urban nerd” who provided much of the ...
A listing of 35 news and opinion articles we found interesting and shared on social media during the past week: Sun, August 25, 2024 thru Sat, August 31, 2024. Story of the week After another crammed week of climate news including updates on climate tipping points, increasing threats from rising ...
And thus we come to the second instalment of Amazon’s Rings of Power. The first season, in 2022, was underwhelming, even for someone like myself, who is by nature inclined to approach Tolkien adaptations with charity. The writing was poor, the plot made no sense on its own terms, and ...
I write to you this morning from scenes of carnage. Around the floor lie young men who only hours earlier were full of life, and cocktails, and now lie silent. Read more ...
Hi,The first time I saw something that made me recoil on the internet was a visit to Rotten.com. The clue was in the name — but the internet was a new thing to me in the 90s, and no-one really knew what the hell was going on. But somehow I ...
You turn your back for a moment and a city can completely transform itself. It was, oh, just the other day I was tripping up to Kuala Lumpur every few months to teach workshops and luxuriate in the tropical warmth and fill my face with Char Kway Teow.It has to ...
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 John Mason. You can submit claims you think need checking via the tipline. Is recent global warming part ...
Now here we standWith our hearts in our handsSqueezing out the liesAll that I hearIs a message, unclearWhat else is there to decide?All that I'm hearing from youIs White NoiseLyrics: Christopher John CheneyIs the tide turning?Have we reached the high point of the racist hate and lies from Hobson’s Pledge, ...
Norman KirkPrime Minister of New Zealand 1972-1974Born: 6 January 1923 - Died: 31 August 1974Of the working-class, by the working-class, for the working-class.Video courtesy of YouTubeThese elements were posted on Bowalley Road on Saturday, 31 August 2024. ...
Whose Foreshore? Whose Seabed?When the Marine and Coastal Area Act was originally passed back in 2011, fears about the coastline becoming off-limits to Pakeha were routinely allayed by National Party politicians pointing out that the tests imposed were so stringent that only a modest percentage of claims (the then treaty ...
Hardly anyone says what are ‘the principles of the treaty’. The courts’ interpretation restrain the New Zealand Government. While they about protecting a particular community, those restraints apply equally to all community in a liberal democracy – including a single person.Treaty principles were introduced into the governance of New Zealand ...
An Elite Leader Awaiting Rotation? Hipkins’ give-National-nothing-to-aim-at strategy will only succeed if the Coalition becomes as unpopular in three years as the British Tories became in fourteen.THE SHAPE OF CHRIS HIPKINS’ THINKING on Labour’s optimum pathway to re-election is emerging steadily. At the core of his strategy is Hipkins’ view ...
Open to all - deep thanks to those who support and subscribe.One of the things that has got me interested recently is updates about Māori wards.In April, Stuff’s Karanama Ruru reported that ~ 2/3 of our 78 councils had adopted Māori wards in NZ.That meant that under the Coalition repeal ...
National Party Ministers have a majority in Cabinet and can stop David Seymour’s Treaty Principles Bill, which even the Prime Minister has described as “divisive and unhelpful.” ...
The National Government is so determined to hide the list of potential projects that will avoid environmental scrutiny it has gagged Ministry for the Environment staff from talking about it. ...
Labour has complained to the Te Kawa Mataaho Public Service Commission about the high number of non-disclosure agreements that have effectively gagged staff at Te Whatu Ora Health NZ from talking about anything relating to their work. ...
The Green Party is once again urging the Prime Minister to abandon the Treaty Principles Bill as a letter from more than 400 Christian leaders calls for the proposed legislation to be dropped. ...
Councils across the country have now decided where they stand regarding Māori wards, with a resounding majority in favour of keeping them in what is a significant setback for the Government. ...
The National-led government has been given a clear message from the local government sector, as almost all councils reject the Government’s bid to treat Māori wards different to other wards. ...
The Green Party is unsurprised but disappointed by today’s announcement from the Government that will see our Early Childhood Centre teachers undermined and pay parity pushed further out of reach. ...
The Green Party is calling on the Government to intervene in the supermarket duopoly dominating our supply of groceries following today’s report from the Commerce Commission. ...
Labour backs the call from The Rainbow Support Collective members for mental health funding specifically earmarked for grassroots and peer led community organisations to be set up in a way that they are able to access. ...
As expected, the National Land Transport Programme lacks ambition for our cities and our country’s rail network and puts the majority of investment into roads. ...
Tēnā koutou katoa, Thank you for your warm welcome and for having my colleagues and I here today. Earlier you heard from the Labour Leader, Chris Hipkins, on our vision for the future of infrastructure. I want to build on his comments and provide further detail on some key elements ...
The Green Party says the Government’s new National Land Transport Programme marks another missed opportunity to take meaningful action to fight the climate crisis. ...
The Green Party is calling on the public to support the Ngutu Pare Wrybill not just in this year’s Bird of the Year competition but also in pushing back against policies that could lead to the destruction of its habitat and accelerate its extinction. ...
News that the annual number of building consents granted for new homes fell by more than 20 percent for the year ended July 2024, is bad news for the construction industry. ...
Papā te whatitiri, hikohiko te uira, i kanapu ki te rangi, i whētuki i raro rā, rū ana te whenua e. Uea te pou o tōku whare kia tū tangata he kapua whakairi nāku nā runga o Taupiri. Ko taku kiri ka tōkia ki te anu mātao. E te iwi ...
Today’s Whakaata Māori announcement is yet another colossal failure from Minister Potaka, who has turned his back on te reo Māori, forcing a channel offline, putting whānau out of jobs, and cutting Māori content, says Te Pāti Māori. “A Senior Māori Minister has turned his back on Te Reo Māori. ...
With disability communities still reeling from the diminishing of Whaikaha, a leaked document now reveals another blow with National restricting access to residential care homes. ...
Labour is calling on the Government and Mercury Energy to find a solution to the proposed Winstone Pulp mill closure and save 230 manufacturing jobs. ...
The Green Party has called out the Government for allowing Whakaata Māori to effectively collapse to a shell of its former self as job cuts and programming cuts were announced at the broadcaster today. ...
Today New Zealand First has introduced a Member’s Bill that will restore democratic control over transport management in Auckland City by disestablishing Auckland Transport (AT) and returning control to Auckland Council. The ‘Local Government (Auckland Council) (Disestablishment of Auckland Transport) Amendment Bill’ intends to restore democratic oversight, control, and accountability ...
The failure of the Prime Minister to condemn his Minister for personally attacking the judiciary is another example of this Government riding roughshod over important constitutional rules. ...
Te Pāti Māori co-leader and Member of Parliament for Waiariki, which includes Rotorua, has written to Rotorua Lakes Councillors requesting they immediately stop sewerage piping works at Lake Rotokākahi in Rotorua. “Mana whenua have been urging Rotorua Lakes Council to stop works and look at alternative plans to protect the ...
Patient care could suffer as a result of further cuts to the health system, which could lose thousands of staff who keep our hospitals and clinics running. ...
The Green Party says the latest statistics on child poverty in this country highlight the callous approach that the Government is taking on this issue of national shame. ...
The Green Party is urging the Government to end the use of solitary confinement within our prisons after new research revealed some prisoners have been held in confinement for more than 900 days. ...
The Government’s moves to enable the import of Liquefied Natural Gas is another step away from the sustainable and affordable energy network that this country needs. ...
The Court of Appeal decision that Uber drivers are entitled to employee rights such as minimum wage, sick leave, holiday pay and collective bargaining is welcome news for the drivers involved and their unions. ...
The Labour Party is calling on the Government to tell the two major wealth funds, the NZ Super Fund and ACC, to withdraw investments from companies listed by the United Nations as complicit in Israel’s illegal settlements in the Occupied Palestinian Territories. ...
Labour welcomes news that the National Government is backing down on its reckless proposal to give Ministers final sign-off on significant projects, but it’s still not enough. ...
The harrowing images of the severely polluted Ohinemuri River caused by an old mining shaft could become a more common occurrence under the mining regime the Government is looking to roll out. ...
Scholarships awarded to 27 health care students is another positive step forward to boost the future rural health workforce, Associate Health Minister Matt Doocey says. “All New Zealanders deserve timely access to quality health care and this Government is committed to improving health outcomes, particularly for the one in five ...
Associate Health Minister with responsibility for Pharmac David Seymour has welcomed the increased availability of medicines for Kiwis resulting from the Government’s increased investment in Pharmac. “Pharmac operates independently, but it must work within the budget constraints set by the Government,” says Mr Seymour. “When our Government assumed office, New ...
Sport & Recreation Minister Chris Bishop has congratulated New Zealand's Paralympic Team at the conclusion of the Paralympic Games in Paris. “The NZ Paralympic Team's success in Paris included fantastic performances, personal best times, New Zealand records and Oceania records all being smashed - and of course, many Kiwis on ...
A Crown Response Office is being established within the Public Service Commission to drive the Government’s response to the Royal Commission into Abuse in Care. “The creation of an Office within a central Government agency was a key recommendation by the Royal Commission’s final report. “It will have the mandate ...
Minister of Internal Affairs Brooke van Velden says passport processing has returned to normal, and the Department of Internal Affairs [Department] is now advising customers to allow up to two weeks to receive their passport. “I am pleased that passport processing is back at target service levels and the Department ...
Commerce and Consumer Affairs Minister has today announced three new appointments and one reappointment to the Financial Markets Authority (FMA) board. Tracey Berry, Nicholas Hegan and Mariette van Ryn have been appointed for a five-year term ending in August 2029, while Chris Swasbrook, who has served as a board member ...
Attorney-General Hon Judith Collins today announced the appointment of two new District Court judges. The appointees, who will take up their roles at the Manukau Court and the Auckland Court in the Accident Compensation Appeal Jurisdiction, are: Jacqui Clark Judge Clark was admitted to the bar in 1988 after graduating ...
Associate Minister of Finance David Seymour is encouraged by significant improvements to overseas investment decision timeframes, and the enhanced interest from investors as the Government continues to reform overseas investment. “There were about as many foreign direct investment applications in July and August as there was across the six months ...
New Zealand has accepted an invitation to join US-led multi-national space initiative Operation Olympic Defender, Defence Minister Judith Collins announced today. Operation Olympic Defender is designed to coordinate the space capabilities of member nations, enhance the resilience of space-based systems, deter hostile actions in space and reduce the spread of ...
Biosecurity Minister Andrew Hoggard says that a new economic impact analysis report reinforces this government’s commitment to ‘stamp out’ any New Zealand foot and mouth disease incursion. “The new analysis, produced by the New Zealand Institute of Economic Research, shows an incursion of the disease in New Zealand would have ...
5 September 2024 The Government is progressing further reforms to financial services to make it easier for Kiwis to access finance when they need it, Commerce and Consumer Affairs Minister Andrew Bayly says. “Financial services are foundational for economic success and are woven throughout our lives. Without access to finance our ...
As Kiingi Tuheitia Pootatau Te Wherowhero VII is laid to rest today, Prime Minister Christopher Luxon has paid tribute to a leader whose commitment to Kotahitanga will have a lasting impact on our country. “Kiingi Tuheitia was a humble leader who served his people with wisdom, mana and an unwavering ...
Forestry Minister Todd McClay today announced proposals to reform the resource management system that will provide greater certainty for the forestry sector and help them meet environmental obligations. “The Government has committed to restoring confidence and certainty across the sector by removing unworkable regulatory burden created by the previous ...
A major shake-up of building products which will make it easier and more affordable to build is on the way, Building and Construction Minister Chris Penk says. “Today we have introduced legislation that will improve access to a wider variety of quality building products from overseas, giving Kiwis more choice and ...
On the occasion of the official visit by the Right Honourable Prime Minister Christopher Luxon of New Zealand to the Republic of Korea from 4 to 5 September 2024, a summit meeting was held between His Excellency President Yoon Suk Yeol of the Republic of Korea (hereinafter referred to as ...
Prime Minister Christopher Luxon held a bilateral meeting today with the President of the Republic of Korea, Yoon Suk Yeol. “Korea and New Zealand are likeminded democracies and natural partners in the Indo Pacific. As such, we have decided to advance discussions on elevating the bilateral relationship to a Comprehensive ...
Results released today from the International Visitor Survey (IVS) confirm international tourism is continuing to bounce back, Tourism and Hospitality Minister Matt Doocey says. The IVS results show that in the June quarter, international tourism contributed $2.6 billion to New Zealand’s economy, an increase of 17 per cent on last ...
The Government is moving to review and update national level policy directives that impact the primary sector, as part of its work to get Wellington out of farming. “The primary sector has been weighed down by unworkable and costly regulation for too long,” Agriculture Minister Todd McClay says. “That is ...
The first annual grocery report underscores the need for reforms to cut red tape and promote competition, Commerce and Consumer Affairs Minister Andrew Bayly says. “The report paints a concerning picture of the $25 billion grocery sector and reinforces the need for stronger regulatory action, coupled with an ambitious, economy-wide ...
Associate Education Minister David Seymour says the Government has listened to the early childhood education sector’s calls to simplify paying ECE relief teachers. Today two simple changes that will reduce red tape for ECEs are being announced, in the run-up to larger changes that will come in time from the ...
Regulation Minister David Seymour says there has been a strong response to the Ministry for Regulation’s public consultation on the early childhood education regulatory review, affirming the need for action in reducing regulatory burden. “Over 2,320 submissions have been received from parents, teachers, centre owners, child advocacy groups, unions, research ...
“The Government is empowering women in the horticulture industry by funding an initiative that will support networking and career progression,” Associate Minister of Agriculture, Nicola Grigg says. “Women currently make up around half of the horticulture workforce, but only 20 per cent of leadership roles which is why initiatives like this ...
The Government will pause the rollout of freshwater farm plans until system improvements are finalised, Agriculture Minister Todd McClay, Environment Minister Penny Simmonds and Associate Environment Minister Andrew Hoggard announced today. “Improving the freshwater farm plan system to make it more cost-effective and practical for farmers is a priority for this ...
Minister for Workplace Relations and Safety Brooke van Velden says yesterday Cabinet reached another milestone on fixing the Holidays Act with approval of the consultation exposure draft of the Bill ready for release next week to participants. “This Government will improve the Holidays Act with the help of businesses, workers, and ...
Toitū te marae a Tāne Mahuta me Hineahuone, toitū te marae a Tangaroa me Hinemoana, toitū te taiao, toitū te tangata. The Government has introduced clear priorities to modernise Te Papa Atawhai - The Department of Conservation’s protection of our natural taonga. “Te Papa Atawhai manages nearly a third of our ...
A new 110km/h speed limit for the Kāpiti Expressway Road of National Significance (RoNS) has been approved to reduce travel times for Kiwis travelling in and out of Wellington, Transport Minister Simeon Brown says. “Boosting economic growth and productivity is a key part of the Government’s plan to rebuild the economy. ...
The International Visitor Conservation and Tourism Levy (IVL) will be raised to $100 to ensure visitors contribute to public services and high-quality experiences while visiting New Zealand, Minister for Tourism and Hospitality Matt Doocey and Minister of Conservation Tama Potaka say. “The Government is serious about enabling the tourism sector ...
A record $255 million for transport investment on the West Coast through the 2024-27 National Land Transport Programme (NLTP) will strengthen the region’s road and rail links to keep people connected and support the region’s economy, Transport Minister Simeon Brown says. “The Government is committed to making sure that every ...
A record $3.3 billion of transport investment in Greater Wellington through the 2024-27 National Land Transport Programme (NLTP) will increase productivity and reduce travel times, Transport Minister Simeon Brown says. “Delivering infrastructure to increase productivity and economic growth is a priority for our Government. We're focused on delivering transport projects ...
A record $1.9 billion for transport investment in the Waikato through the 2024-27 National Land Transport Programme (NLTP) will create a more efficient, safe, and resilient roading network that supports economic growth and productivity, Transport Minister Simeon Brown says. “With almost a third of the country’s freight travelling into, out ...
A record $808 million for transport investment in Taranaki through the 2024-27 National Land Transport Programme (NLTP) will support economic growth and productivity, Transport Minister Simeon Brown says. “Taranaki’s roads carry a high volume of freight from primary industries and it’s critical we maintain efficient connections across the region to ...
A record $1.4 billion for transport investment in Otago and Southland through the 2024-27 National Land Transport Programme (NLTP) will create a more resilient and efficient network that supports economic growth and productivity, Transport Minister Simeon Brown says. “Transport is a critical enabler for economic growth and productivity in Otago ...
A record $991 million for transport investment in Northland through the 2024-27 National Land Transport Programme (NLTP) will strengthen the region’s connections and support economic growth and productivity, Transport Minister Simeon Brown says. “We are committed to making sure that every transport dollar is spent wisely on the projects and ...
A record $479 million for transport investment across the top of the South Island through the 2024-27 National Land Transport Programme (NLTP) will build a stronger road network that supports primary industries and grows the economy, Transport Minister Simeon Brown says. “We’re committed to making sure that every dollar is ...
A record $1.6 billion for transport investment in Manawatū-Whanganui through the 2024-27 National Land Transport Programme (NLTP) will strengthen the region’s importance as a strategic freight hub that boosts economic growth, Transport Minister Simeon Brown says. “Delivering infrastructure to increase productivity and economic growth is a priority for our Government. ...
A record $657 million for transport investment in the Hawke’s Bay through the 2024-27 National Land Transport Programme (NLTP) will support recovery from cyclone damage and build greater resilience into the network to support economic growth and productivity, Transport Minister Simeon Brown says. “We are committed to making sure that ...
A record $255 million for transport investment in Gisborne through the 2024-27 National Land Transport Programme (NLTP) will support economic growth and restore the cyclone-damaged network, Transport Minister Simeon Brown says. “With $255 million of investment over the next three years, we are committed to making sure that every transport ...
A record $1.8 billion for transport investment Canterbury through the 2024-27 National Land Transport Programme (NLTP) will boost economic growth and productivity and reduce travel times, Transport Minister Simeon Brown says. “Christchurch is the economic powerhouse of the South Island, and transport is a critical enabler for economic growth and ...
A record $1.9 billion for transport investment in the Bay of Plenty through the 2024-27 National Land Transport Programme (NLTP) will boost economic growth and unlock land for thousands of houses, Transport Minister Simeon Brown says. “Transport is a critical enabler for economic growth and productivity in the Bay of ...
A record $8.4 billion for transport investment in Auckland through the 2024-27 National Land Transport Programme (NLTP) will deliver the infrastructure our rapidly growing region needs to support economic growth and reduce travel times, Transport Minister Simeon Brown says. “Aucklanders rejected the previous government’s transport policies which resulted in non-delivery, phantoms projects, ...
Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra The Albanese government will introduce legislation this term to enforce a minimum age for children to access social media. Prime Minister Anthony Albanese will make the formal announcement on Tuesday. This follows a discussion at ...
ByEfe Özkan Pro-Palestinian anti-war activists in Australia have protested in Melbourne, disrupting a defence expo set to open on Wednesday. Protesters gathered yesterday in front of companies connected to weapons manufacturing across Melbourne as police were called to prevent an escalation of the events, according to 7News Melbourne. Many ...
Source: The Conversation (Au and NZ) – By Ben Wadham, Professor, Director, Open Door: Understanding and Supporting Service Personnel and their Families, Flinders University After three years of investigations, the Royal Commission into Defence and Veteran Suicide has delivered its final report with 122 recommendations. The commission has carried much ...
Source: The Conversation (Au and NZ) – By Asma Aziz, Senior Lecturer in Power Engineering, Edith Cowan University If you’re building, renovating or planning to install a solar battery, your builder or installer might ask whether you’ve considered upgrading from single-phase to three-phase power. This upgrade often comes with a ...
Source: The Conversation (Au and NZ) – By Evangeline Mantzioris, Program Director of Nutrition and Food Sciences, Accredited Practising Dietitian, University of South Australia Dr. Victor Wong/Shutterstock MSG is making a comeback. The internet’s favourite cucumber salad recipe includes fish sauce, cucumber, garlic and – as the video’s creator ...
Source: The Conversation (Au and NZ) – By Martin Loosemore, Professor of Construction Management, University of Technology Sydney Shutterstock Australia’s construction industry is facing a perfect storm: enormous targets for building – 1.2 million new homes and A$230 billion worth of infrastructure over the next five years – at ...
Source: The Conversation (Au and NZ) – By Jonathan W. Marshall, Associate Professor & Postgraduate Research Coordinator, Western Australian Academy of Performing Arts, Edith Cowan University Feifei Liao performing in the village ruins. Photo by and courtesy of Teo Swee An. Melbourne-based Tony Yap is a leading figure in ...
The Christian church has had quite a few dust-ups with itself over the last 20 centuries. This week, the Act Party brought it together.Since Jesus prayed that his followers may all be one (John 17:20-21), Christians have barely stopped fighting. Yes, they’ve occasionally broken off to slaughter people in ...
Podcast: A View from Afar with Paul G Buchanan and Selwyn Manning. Building upon recent episodes of A View from Afar, Political Scientist Paul G Buchanan and journalist Selwyn Manning discuss The Politics of Desperation. This episode flows on from our discussions about long transitions and the moment ...
Source: The Conversation (Au and NZ) – By Shannon Brincat, Senior Lecturer in Politics and International Relations, University of the Sunshine Coast Author provided, Author provided Timor-Leste has had much to celebrate recently. August 30 marked 25 years since the Popular Consultation – or “The Referendum”, as many call ...
Source: The Conversation (Au and NZ) – By Michael Todorovic, Associate Professor of Medicine, Bond University Explode/Shutterstock In July 2023, rising US basketball star Bronny James collapsed on the court during practice and was sent to hospital. The 18-year-old athlete, son of famous LA Lakers’ veteran LeBron James, had ...
Source: The Conversation (Au and NZ) – By Andrew Bennie, Associate Professor, Health and Physical Education/Sport Development, Western Sydney University The 2024 Paris Paralympics delivered heightened attention and awareness of a pinnacle sporting event for para athletes. Australia has often set the standard for para sport, consistently achieving top ...
We round up everything coming to streaming services this week, including Netflix, Amazon Prime, Disney+, Apple TV+, ThreeNow, Neon and TVNZ+. If you love celebs out of their comfort zone: Celebrity Treasure Island (TVNZ+, starting September 9)We’re back on the beach for a new season of celebrity ...
Source: The Conversation (Au and NZ) – By Adrian Beaumont, Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne The United States presidential election will be held on November 5. In analyst Nate Silver’s aggregate of national polls, Democrat Kamala Harris ...
Source: The Conversation (Au and NZ) – By Jane Kelsey, Emeritus Professor of Law, University of Auckland, Waipapa Taumata Rau Getty Images ACT Party leader David Seymour has said the goal of his Treaty Principles Bill is to stimulate an overdue conversation on te Tiriti o Waitangi/Treaty of Waitangi. ...
By Caleb Fotheringham, RNZ Pacific journalist The Fiji government is backing the appointment of the country’s new anti-corruption chief who was under investigation by the office she now heads, which has left Fijians asking questions. Barbara Malimali — who was also the Electoral Commission chairperson — was revealed as the ...
Inside PNG reports that Papua New Guinea is blessed with an abundance of natural resources, a proclamation even Pope Francis acknowledges. But Papua New Guinea is also challenged with socio-economic developments that do not reach the rural majority despite the presence of numerous extractive industries. The Pontiff in his remarks ...
The effrontery of David Seymour’s riposte to Church leaders over his Treaty Principles Bill is breathtaking. He accuses them of being undemocratic. When the Act Party took the idea of a referendum on Te Tiriti to a general election in 2023, it won just 8.6 percent of the vote. The other ...
Picture Me is a brand new book festival happening in Wellington and Christchurch between 11–28 September. Here’s the inside scoop on the international headliners and what they’ll be doing while in Aotearoa. A good picture book has a timeless quality: a story you don’t mind reading over, and over and ...
The LIVE Recording of A View from Afar podcast will begin today at 12:45pm September 9, 2024 (NZST) which is Sunday evening, 8:45pm (USEDT). Building upon recent episodes of A View from Afar, Political Scientist Paul G Buchanan and journalist Selwyn Manning will discuss The Politics of Desperation. ...
In response to criticism of proposed changes to our GM settings, scientist Revel Drummond says we should discuss the issue of regulatory change from a position of educated debate, not fear-mongering.New technologies often get pushback from sectors of society. In the 19th century people feared the unknown effects on ...
Earning money while you travel sounds like a dream to many of us – so how hard is it to make the dream a reality? Travel content creators Dane and Stacey joined Kiwibank’s This is Kiwi podcast to talk about documenting their adventures online, and remembering to sometimes put the ...
Source: The Conversation (Au and NZ) – By Emma Shortis, Adjunct Senior Fellow, School of Global, Urban and Social Studies, RMIT University It’s the big question that has loomed over Kamala Harris’ presidential campaign from the start: is the United States ready for a Black woman president? I get ...
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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.
‘
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…”
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:
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.