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notices and features - Date published:
6:00 am, November 11th, 2012 - 49 comments
Categories: open mike -
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The current rise of populism challenges the way we think about people’s relationship to the economy.We seem to be entering an era of populism, in which leadership in a democracy is based on preferences of the population which do not seem entirely rational nor serving their longer interests. ...
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The People’s Bailout = OWS goes to the mattresses!
Quote:
“Now OWS is launching the ROLLING JUBILEE, a program that has been in development for months. OWS is going to start buying distressed debt (medical bills, student loans, etc.) in order to forgive it. As a test run, we spent $500, which bought $14,000 of distressed debt. We then ERASED THAT DEBT. (If you’re a debt broker, once you own someone’s debt you can do whatever you want with it — traditionally, you hound debtors to their grave trying to collect. We’re playing a different game. A MORE AWESOME GAME.)”
http://wilwheaton.tumblr.com/post/35309150177/the-peoples-bailout
If that is actually feasible in NZ we need to go for it. Forgiving debt like this gives families the opportunity to get out of the poverty trap which is imposible on low wages if you have a debt millstone around your neck. It only takes one dentists bill to screw you over for a very long time… we also need to sort out some sort of dental subsidisation I know too many people with screwed teeth and no way to afford the work…
And make sure you floss, brush and gargle at least twice a day.
AWS. Sounds awesome!
Wow. Sometimes it is possible, when creditors have given up, to buy a collection of debt for only a few cents on the dollar.
However, the difficulty is ensuring understanding the detail of the underlying debt that efforts go to helping the right people…eg not a millionaire property developer who has walked away from his leaky building project…
How does this work? If I buy someone’s debt, doesn’t the person who the debt is owed to just now come after me?
Using a hypothetical example.
When you buy the debt, you buy the ownership title to that debt. You now own it instead of say, the bank’s credit card division which used to own the debt.
And the credit card indebted person now owes the money to YOU not to the originator of the debt (the bank’s credit card division in this example).
If you can understand this, and that debts can be collected together in bundles, and then be considered as cashflow generating assets which can be bought and sold, you’ll also start to understand how the Mortgaged Backed Securities (MBS) subprime crisis happened.
Often too businesses sell debt at a portion of it’s value.
I’m owed $500-00. I can spend $ and time chasing this up or sell it too someone else (say a debt collector) for $200-00. I get some of my money back which helps my cash flow, write off the rest and the debt collector carries the cost of the time and the risk he won’t get his money back.
It’s also why lots of times you can’t pay the money owing back to the firm you owed it too.
The debt no longer belongs to them.
I had no idea about the law around this issue so really glad I came across this story.
Tumeke exclusive: Did police tactics kill Steven McIntyre? (Below is the link to Part 1)
http://tumeke.blogspot.co.nz/2012/11/tumeke-exclusive-did-nz-police-tactics.html
Quote:
“In his later years, Stephen had moved from campaigning for the decriminalization of marijuana to focussing on medical cannabis. Green Cross was the realization of that activism. It provided medical quality marijuana to patients with a doctor’s prescription. NZ law allows for doctors to prescribe synthetic marijuana and the 2010 Law Commission review called for that to be widened to organic marijuana as well.
That’s where Green Cross came in. They had a list of patients with doctor’s prescriptions whose illnesses ranged from those with chronic pain to cancer. Synthetic product did not work for many of these people.”
“Did police tactics kill Steven McIntyre?”
Don’t think Bradbury has made his case yet. Will see what he comes up with in parts 2 and 3. There is more background to why someone kills themselves than Bradbury has presented, and to make the case that the police tactics pushed McIntyre to take his own life would involve the police knowing about the background.
I can understand Bradbury’s anger and sadness at the loss of his friend, and am sure that the police’s actions were bullying and unnecessary.
Everything John Key’s crappy administration touches turns to shit for ordinary folk:-
http://www.stuff.co.nz/national/education/7933869/Security-fears-in-teachers-pay-leak
The way the article reads
The admin privileges
– allow alteration of teachers bank accounts numbers.
– may allow access to teachers bank account to remove money.
So you could divert the teachers salary to your account, or just remove money.
Foss said he had been advised it was “not possible” to confirm that funds had not been diverted.
HUH
“The principal then contacted Novopay who took those admin rights away for that school and gave her admin rights for another school, again.”
HUH
Novopay business owner Rebecca Elvy said the system was rigorously tested to ensure it is a secure online service.
“We take the security of payroll data and employees’ personal information very seriously,” she said.
SURE
This is what happens when you starve the public service and give private providers carte blanche to do clumsy lazy incompetent shit.
Rigorously tested … blah blah blah
Secure online service … blah blah blah
“We take the security of payroll data and employees’ personal information very seriously” … blah blah blah
Bullshit detector is working overtime …
I am so glad to work for PTEs, now!
Codenames and numbers. Fucking great. What’s ‘Talent3?..or 1?…or whatever? Calling in a drone strike?
Lest we forget.
On the 11th hour on the 11th day of the 11th month.
WE WILL REMEMBER THEM.
Quite something that we are expected to pay rememberance on a date and time representing the number 11, it being a “key” in satanic numerology!.
Using the war, deaths/injuries, physical, mental or otherwise, being remembered, is simply another ritual for the sicko’s in charge!
Least we forget, indeed!
What does the bloody American Remembrance Day have to do with anything Kiwi?
We have our own day that we use to recall war and sacrifice, remember? What was it called again?
http://en.wikipedia.org/wiki/Remembrance_Day
Thanks…but the article says our national day of remembrance is Anzac Day. Doesn’t hurt to have another one later in the year I suppose.
The 11 11 11 is armistice day, the end of ww1.
Yes and it’s been marked here for around a century – since 1919. RSA NZ had a ceremonies today.
Fuck yeah, the suffering of these men, this boy or this boy all wrapped up muzza in a glib reference to your own lunacy…. false flag and you’d have had the double.
Joe people died and suffered, absolutely they did/do, but like fcuk, should people not want to learn and understand that those who suffered and died, just like we see in the ME and other parts of the world now, have been and are being used.
That includes family members of mine who served and died!
Why is it that we only care about war fighters and workers after they are dead? They go to war and fight for some obscure reason, that has an outcome more uncertain than a USA presidential election.
It seems that we assuage our callousness as human beings with this token Anzac Day and other remembrances, a good chance to see guns fired and uniforms. And the people running the commemoration do not like anti-war protests. Says a lot.
My birth father did his best and now lies underground in France. He had principles and would be shocked to see what has happened to us all since the War to end all Wars.
And now we are going to spend millions of dollars on some new symbolic edifice to the dead and gone. Let’s instead invest the money into Scholarships, a Trust in their name helping their grandchildren’s children and the country under whose banner they went forth.
Anti-Iran Stuxnet computer virus infects US corporations
You can’t make this shit up.
http://rt.com/usa/news/stuxnet-chevron-cyber-virus-348/
In other news, there has been a massive surge in the number of Americans on foodstamps, now 47.1M people.
Yes, they delayed the release of these AUGUST statistics until AFTER the Presidential Elections.
Banks not off the hook
I’m hopeful that John Banks will have a fair and unbiased trial, which will eventuate in a guilty verdict for a corrupt practice. A prosecution and conviction for such an offense would undoubtedly mean an end to Banks’ political career, and force a by-election in Epsom…
This is actually a fairly good article:
So part of the the problem within the government sector that was responsible for regulating the mine was that the people feared speaking truth to power.
That is indicative that our democracy is a sham.
Well it’s not a democracy then is it? It’s a dictatorship in order to protect those at the top. Don’t speak the truth about problems because they could be used politically against various politicians just shows what a total sham the us against them system is… And the result in this case is lost lives. Don’t expect the government to identify and fix the problem though. What a bunch of culpable idiots!
Minister keeps a lid on boot camp failure figures
Which is a load of bollocks because offenders are identified in court anyway unless they’re under-age in which case their identities are rightly protected but in that case naming the offences won’t identify the perpetrators.
Sunday (melancholy and the infinite sadness)
Caption time???
http://tvnz.co.nz/national-news/royals-remember-new-zealand-s-fallen-5208854
What on earth are Joky Hen and the chap behind him so interested in while HRH and his wife seem to be unfazed by?
Have they both squeezed one out and trying to look innocent?
Naomi Kline tells it like it is.
http://www.commondreams.org/view/2012/11/06-1
A combination of Free Trade Zones and Free Fire Zones would be the ultimate American dream!
Christchurch should also be a place for road testing new forms of democracy like neighborhood assemblies, to decide how hard hit communities should be rebuilt.
Unfortunately the disaster capitalists are in the saddle in Christchurch and are determined to use the crisis as end run on democracy in the region. The exact opposite of what should be done. You can guarantee that rather than rather than pay a living wage to the workers actually doing the rebuild. the big contractors will be using the disaster as an excuse break down wages and conditions to line their own pockets. These same big contractors, favorites of the National Party, will be awarded huge pork barrel contracts from the taxpayer account, which will all be hidden from public scrutiny and democratic oversight by Brownly and others on the grounds of “commercial sensitivity”. With the huge fortunes that are going to be made in Christchurch by the disaster capitalists with the compliance of their anti-democratic political supporters in National, the Christchurch Earthquake was not bad news just different kind of good news.
We have already seen the scandalous waste of taxpayers money that results when a favourite of the Government was paid an undisclosed amount to provide camper vans for temporary accommodation that was never used by those who needed it because the rentals were way too expensive.
I forgot to mention the disaster capitalists opportunistic use of the Christchurch earthquake disaster to attack social provision in the region, starting it seems with the schools and the school children and families they serve. Whoo hoo, if we can keep this up, a chance of more tax cuts for the rich folk.
Anyone remember the Libertarian movement?
We need too shred those beliefs …… moronic anarchy.
Now these should put to rest all the BS about the left being big spenders of other peoples money:
http://www.johnpemberton.co.nz/html/government_debt.html
http://www.johnpemberton.co.nz/html/new_zealand_government_debt_eom.html
The facts are in, it’s the right that are the big spenders of other peoples money.
WONDERS WILL NEVER CEASE!
AM ABLE TO POST AGAIN ON CAMERON SLATER’S ‘WHALEOIL’ BLOG! 🙂
http://www.whaleoil.co.nz/2012/11/serial-troublemaker-alleged-blackmailer-graham-mcready-is-at-it-again/
“Do you, Cameron Slater, agree that both John Banks and Don Brash should have both been charged as former fellow Directors of Huljich Wealth Management (NZ) Ltd, for signing Huljich Kiwisaver Scheme registered prospectuses dated 22 August 2008 and 18 September 2009 which contained untrue statments – a STRICT LIABILITY offence under s.58(3) of the Securities Act?
Yes or no?
Kind regards,
Penny Bright
‘Anti-corruption campaigner’
http://www.dodgyjohnhasgone.com”
______________________________________________________________________________
PS: If anyone has contact details for Graham McCready – I’m rather keen to have a chat about his private prosecution of John Banks over allegations that he filed a false electoral return for his 2012 Auckland mayoral campaign.
This government’s Track Record:
The wages of the top 1% have gone up pretty good, so Key and English have delivered.
Well, they delivered to their actual base. They just haven’t delivered anything that they promised to anyone else.
Brian Edwards excuses for cronyism
Perhaps it was the pervasive right wing stench of Duncan Garner that was clouding his thoughts, or perhaps he is truly that deluded…
very lolworthy, tv3 just called john keys wife ‘the first lady’, jeez, little america. (i know, i shouldnt watch that crap but im always curious to what they show & dont show (for e.g. no mention of the novapay scandal))
TV3 always are Little America! For years when we lived in Mt Eden/Albert, we couldn’t get TV1, so I got used to 3 News, and apathy means I don’t change, and so I am familiar with their quirks. Good thing I don’t rely on only them for news!
They have never referred to Bush or Obama as ‘the American President’ but just ‘the president’… also, there are other little things they do. Like Leighton Smith, they report what Steve Wright on the BBC WS used to call ‘bizarre news stories’ from the USA, as if they are local, very misleadingly sometimes.
And it looks like this government’s anti-democratic ways are now starting to get official notice:
Now, I wonder if the government can be taken to court over those breach of rights.