web analytics

Open mike 15/04/2010

Written By: - Date published: 6:00 am, April 15th, 2010 - 19 comments
Categories: open mike - Tags:

Open mike is your post.

It’s open for discussing topics of interest, making announcements, general discussion, whatever you choose.

Comment on whatever takes your fancy.

The usual good behaviour rules apply (see the link to Policy in the banner).

Step right up to the mike…

19 comments on “Open mike 15/04/2010 ”

  1. Bored 1

    Theres one very big unsolved mystery out there. One of my daily pit stops to get the temperature of the world is the stock exchange reports on the New York Times. What you will find upon close inspection is that stocks and shares world wide have post crash during the last year valued up by 40-50%. Some questions:

    * if the market can boom at this rate did it crash too low?
    * who is making the money and how are they funding it?
    * is this another bubble or a massive wealth transfer?
    * production and profitability numbers are not keeping pace at all…..so why is the price going up so fast?
    * does anybody listed on the market actually produce anything anymore?

    As I said its a mystery to me (I have my interpretation), but anybody out there who wants to shed some wisdom please enlighten me.

    • pollywog 1.1

      The second stage of the global capitalist crisis
      By Nick Beams
      12 April 2010

      We can see more clearly the meaning of the fiscal crisis of the state. All government spending on social services, health, education etc. is, in the final analysis, a deduction from the surplus value available to capital. The cuts in social spending now being implemented by capitalist governments around the world, together with attacks on the social position of the working class, are the means by which the state will appropriate the surplus value needed to fund the bailout of the banks and financial institutions.

      This process is creating the objective foundations for a new period of revolutionary struggles. The confrontation cannot be averted—there is not some new technology, or fresh source of cheap labour, that can pump the vast quantities of surplus value into the capitalist economy needed to match the wealth already handed to the banks. The capitalist state must claw back massive amounts of surplus value previously appropriated for social spending. In short, we have the emerging objective conditions for social revolution. The capitalist state cannot continue to rule in the old way and the working class cannot live under the new regime.

      http://www.wsws.org/articles/2010/apr2010/bnrt-a12.shtml

      • prism 1.1.1

        Put this piece in open mike yesterday. It seems to fit with pollywogs excerpt above.
        Reading an old encyclopaedia and saw a listing for the peasants revolt in Germany in Martin Luther’s time. They wanted him to support them as they tried to improve their lot. The book says that instead he encouraged the nobles to take a firm hand with them and about 100,000 were killed. The final sentence says that this put paid to any peasant movements for 300 years.

        Are we on this continuing cycle? Is this the inevitable to put paid to an intrinsically unfair system when negotiation, reason and fairness points are disregarded? If things get bad enough, then the possibility of improving life through direct action, weighs more than the fear of suffering in the fight and possible defeat. Of course during the Depression the farmers turned out to bludgeon the marching townies – which was sort of a landless peasants revolt.

        I have been living in hope that tomorrow we will get government that is responsible, capable, experienced, runs effective services, and ensures a vibrant, responsible business base returning money to the economy. Silly dreams.

        National now have chosen an overseas company to do government business on maintaining the NIWA ship, which will have to be paid out of our hard-won exports. These mainly come from drought-hit farmers keen to sell out but unable to find NZ buyers because the overseas banks won’t lend money to NZ farmers, and we don’t have a bank that supports NZ interests dedicated to farming and business funding.

        So the farms of megalomaniacs like the Crafurs may be sold to overseas interests who can scoop up enough money, further cutting into the NZ main earner, which will increase our overseas debt further. Also the integrity of our dairy industry, already under a cloud, can be wrecked by further jiggery pokery for profit as in the melamine scandal.

        Labour in Britain and Australia don’t appear to be responsive to the aspirations of their country’s people, here people got tired of waiting and felt harangued by Helen Clark. Now with National we are moving to a tragedy where the pollys and their friends open up our body and sell all the organs, just leaving the head on life support so it can mutter something indistinct when asked ‘How yur doin’ mate?’

        • pollywog 1.1.1.1

          It’s a bloody struggle out here so I’m holding out for the budget and if things look like i ‘should be no better off’ I’m probably gonna look for work overseas.

  2. What is it with Morning Report?

    This morning Geoff Robinson was his cooperative best and gave Bill English an armchair ride of an interview without asking any difficult questions like how can a private company build and maintain a school, and hand it over in 30 years without making huge profits each year.

    By contrast Plunkett was at his belligerent worst, continuously interrupting Phil Goff as he tried to answer the questions directly put to him and then tops it off by branding the speech as a political stunt.

    What gives?

    • Bored 2.1

      There is one well known way of making oodles of cash from the scenario you describe, and it explains a lot about how we afforded a lot of what we have today (i.e how those who purchased houses etc twenty years ago managed to pay for them at a discount). The answer is set price contracts plus inflation.

      In an economy that takes price inflation for granted a private entity makes money on schools as follows. First sign a fixed price twenty year contract, inflation (but not deflation) indexed and non renegotiable. The private investor then gets to put up the price annually whilst his capital cost remains static. Second, dont pay back capital, the inflation over the years will vastly exceed this. Third, plenty of tax claw backs which in effect mean the tax payer subsidises the investor.

      As you see the only risk is price deflation (housing boom bubble bursting a good example) but in this scenario you can always as a good capitalist go bankrupt having never stumped up much of the capital yourself. The banks who you owe then only need ask the taxpayers to bail them out whist your safetly stashed profits elude everybody else.

    • Marty G 2.2

      yeah, they just commented on the feedback they got. unusually, they didn’t read out any of the emails. Plunkett just said ‘this is a tough interview show’

      obviously got a lot of complaints about the good cop for national, bad cop for labour routine.

    • Stacktwo 2.3

      In the item on superannuitants’ concerns about the effect of the tax proposals, Plunkett also gave the Grey Power rep a hard time, trying in that derisive manner he adopts to get him to say that most super beneficiaries are in an upper tax bracket anyway, because of “all their investments”.

      Geoff had to tidy up later after an emailer pointed out that a recent study found 75% of superannuitants relied solely on Govt Super.

  3. r0b 3

    Lynn – we’re still seeing email addresses used in place of names (happens if name field is left blank?). Just fixed mickysavage above.

    • lprent 3.1

      Yeah, the patch I put in for the auto entry of names from cookies has some kind of issue. But I was busy setting up the new server last night. So I’d expect it on in the next couple of days. Then I’ll change the code back and check the supercache. If needs be, I’ll turn that off.

  4. Adrian 4

    In answer to Bored at 7.15, even after the crash, 90% of people still kept their jobs and so kept paying into their super and other retirment funds, particulary in the US so that money ( and it’s a helluva lot) had to go somewhere, and if stocks and shares were cheap they were the obvious destination. Also, as I recall the Yanks with their typical zenophobia assumed the rest of the world was also in the shit and repatriated a lot of money home, thus exacerbating the credit squeeze worldwide.

    • Bored 4.1

      Which is true Adrian, which also begs the question of the reality factor in share prices (its supposed after all to have some basis in reality aswell as emotion).?…..Love your xenophobic Yanks, so true.

  5. Anne 5

    It’s by no means the first time Plunkett has done that to Goff. It happened last week. Why does Goff take it? He should turn it back on Plunkett and give him a piece of his mind. Goff is too polite. It makes him look weak. In my view that is his biggest problem!

    • prism 5.1

      Goff could do with adopting some of Winston’s fire and cheek – don’t play by other people’s rules, get your point over and criticise the interviewer’s approach. I must look up my copy of Stephen Prices ironical advice to new politicians about techniques for handling the media successfully. Anybody here heard it – it’s funny and true?

  6. Anne 6

    @ prism
    When you find it how about sending a copy to Goff.

  7. ianmac 7

    Morning Report. I can understand an interviewer asking a question and interrupting if it looks like the answer is heading off in another direction, but this should be even-handed. When Mr English avoided a straight answer he was allowed to plug his particular spin instead. This happens with Plunkett and Key, and Plunkett and English especially.

  8. Anne 8

    I’ve seen it happen many times during question time in the House where Key has ridiculed a valid question from Goff. While there are occasions when it is probably wiser to ignore it, there are times when Key goes too far and Goff should respond but invariably doesn’t. I’m not suggesting he compromise his integrity, but he needs to go a bit feral sometimes.

Recent Comments

Recent Posts

  • NZ announces a third P-3 deployment in support of UN sanctions
    The Government has deployed a Royal New Zealand Air Force P-3K2 Orion (P-3) maritime patrol aircraft to support the implementation of United Nations Security Council (UNSC) resolutions imposing sanctions against North Korea, announced Minister of Foreign Affairs Winston Peters and Minister of Defence Ron Mark. “New Zealand has long supported ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Pacific trade and development agreement a reality
    Pacific regional trade and development agreement PACER Plus will enter into force in 60 days now that the required eight countries have ratified it. Trade and Export Growth Minister David Parker welcomed the announcement that the Cook Islands is the eighth nation to ratify this landmark agreement. “The agreement represents ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Securing a pipeline of teachers
    The Government is changing its approach to teacher recruitment as COVID-19 travel restrictions continue, by boosting a range of initiatives to get more Kiwis into teaching. “When we came into Government, we were faced with a teacher supply crisis,” Education Minister Chris Hipkins said. “Over the past three years, we ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Border exceptions for a small number of international students with visas
    The Government has established a new category that will allow 250 international PhD and postgraduate students to enter New Zealand and continue their studies, in the latest set of border exceptions. “The health, safety and wellbeing of people in New Zealand remains the Government’s top priority. Tight border restrictions remain ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • First COVID-19 vaccine purchase agreement signed
    The Government has signed an agreement to purchase 1.5 million COVID-19 vaccines – enough for 750,000 people – from Pfizer and BioNTech, subject to the vaccine successfully completing all clinical trials and passing regulatory approvals in New Zealand, say Research, Science and Innovation Minister Megan Woods and Health Minister Chris Hipkins. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • International statement – End-to-end encryption and public safety
    We, the undersigned, support strong encryption, which plays a crucial role in protecting personal data, privacy, intellectual property, trade secrets and cyber security.  It also serves a vital purpose in repressive states to protect journalists, human rights defenders and other vulnerable people, as stated in the 2017 resolution of the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Ministry of Defence Biodefence Assessment released
    The Ministry of Defence has today released a Defence Assessment examining Defence’s role across the spectrum of biological hazards and threats facing New Zealand. Biodefence: Preparing for a New Era of Biological Hazards and Threats looks at how the NZDF supports other agencies’ biodefence activities, and considers the context of ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Approaches to Economic Challenges: Confronting Planetary Emergencies: OECD 9 October 2020
    New Approaches to Economic Challenges: Confronting Planetary Emergencies: OECD 9 October 2020 Hon David Parker’s response following Thomas Piketty and Esther Duflo. Good morning, good afternoon, and good evening, wherever in the world you might be. I first acknowledge the excellent thought provoking speeches of Thomas Piketty and Esther ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Kaipara Moana restoration takes next step
    A Memorandum of Understanding has been signed today at Waihāua Marae between the Crown, local iwi and councils to protect, restore and enhance the mauri of Kaipara Moana in Northland. Environment Minister David Parker signed the document on behalf of the Crown along with representatives from Ngā Maunga Whakahī, Ngāti ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New Zealand and Uruguay unite on reducing livestock production emissions
    Agriculture Minister Damien O’Connor and Uruguayan Minister of Livestock, Agriculture and Fisheries Carlos María Uriarte have welcomed the launch of a three-year project that will underpin sustainable livestock production in Uruguay, Argentina, and Costa Rica.  The project called ‘Innovation for pasture management’ is led by Uruguay’s National Institute of Agricultural ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • 3100 jobs created through marae upgrades
    Hundreds of marae throughout the country will be upgraded through investments from the Provincial Growth Fund’s refocused post COVID-19 funding to create jobs and put money into the pockets of local tradespeople and businesses, Regional Economic Development Minister Shane Jones and Māori Development Minister Nanaia Mahuta have announced. “A total ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Health volunteers recognised in annual awards
    Health Minister Chris Hipkins has announced 9 teams and 14 individuals are the recipients of this year’s Minister of Health Volunteer Awards.  “The health volunteer awards celebrate and recognise the thousands of dedicated health sector volunteers who give many hours of their time to help other New Zealanders,” Mr Hipkins ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Community COVID-19 Fund supports Pacific recovery
    The Minister for Pacific Peoples, Aupito William Sio says a total of 264 groups and individuals have successfully applied for the Pacific Aotearoa Community COVID-19 Recovery Fund, that will support Pacific communities drive their own COVID-19 recovery strategies, initiatives, and actions. “I am keen to see this Fund support Pacific ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Community benefits from Māori apprenticeships
    Up to 50 Māori apprentices in Wellington will receive paid training to build houses for their local communities, thanks to a $2.75 million investment from the Māori Trades and Training Fund, announced Employment Minister Willie Jackson today. “This funding will enable Ngāti Toa Rangatira Incorporated to provide its Ngā Kaimahi ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Training fund supports Māori jobseekers
    Rapidly growing sectors will benefit from a $990,000 Māori Trades and Training Fund investment which will see Wellington jobseekers supported into work, announced Employment Minister Willie Jackson today. “This funding will enable Sapphire Consultants Ltd. to help up to 45 Māori jobseekers into paid training initiatives over two years through ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Ruakura Inland Port development vital infrastructure for Waikato
    The Government is investing $40 million to develop an inland port at Ruakura which will become a freight super-hub and a future business, research and residential development for the Waikato, Urban Development and Transport Minister Phil Twyford, and Māori Development Minister Nanaia Mahuta announced today. The funding has been has ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Appointments made to Defence Expert Review Group
    Defence Minister Ron Mark announced today the establishment of an Expert Review Group to review a number of aspects of the New Zealand Defence Force’s (NZDF) structure, information management and record-keeping processes.  The Expert Review Group’s work arises out of the first recommendation from the Report of the Government’s Inquiry ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • No active community cases of COVID-19
    There are no active community cases of COVID-19 remaining in the country after the last people from the recent outbreak have recovered from the virus, Health Minister Chris Hipkins said today. “This is a big milestone. New Zealanders have once again through their collective actions squashed the virus. The systems ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Clean energy upgrade for more public buildings
    More public buildings will be supported by the Government to upgrade to run on clean energy, the Minister for Climate Change James Shaw announced today. Minister Shaw announced that Lincoln and Auckland universities will receive support through the Clean-Powered Public Service Fund to replace fossil fuel boilers. Southern, Taranaki, and ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Schools back donations scheme for the second year
    More schools have opted in to the donations scheme for 2021, compared to 2020 when the scheme was introduced. “The families of more than 447,000 students will be better off next year, with 94% of eligible schools and kura opting into the scheme,” Education Minister Chris Hipkins said. “This is ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Ruapehu cycle trails gets PGF boost
    The spectacular Mountains to Sea cycle trail in Ruapehu District will receive $4.6 million in funding from the Provincial Growth Fund for two additional trails, Regional Economic Development Minister Shane Jones announced today. “This is an exciting development for the local community, and one that will provide significant economic opportunities ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Update to air border order strengthens crew requirements
    Additional measures coming into effect on Monday will boost our defence against COVID-19 entering New Zealand through the air border, Health Minister Chris Hipkins said today. “As part of our precautionary approach and strategy of constant review, we’re tightening the requirements around international aircrew,” Chris Hipkins said. The COVID-19 Public ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • A true picture of Māori business activity
    A better picture of the contribution Māori businesses make to the economy will be possible with changes to the way information is collected about companies and trading enterprises. Māori Development Minister Nanaia Mahuta and Small Business Minister Stuart Nash have announced a new option for Māori enterprises who are part ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • PGF funding for Taranaki projects
    The South Taranaki museum, a New Plymouth distillery and a Pasifika building firm will benefit from a Government investment totalling more than $1 million, Regional Economic Development Minister Shane Jones says. The $1.05m in grants and loans from the Provincial Growth Fund (PGF) will help the recipients expand and create ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Fijian Language Week 2020 inspires courage and strength during COVID-19 pandemic
    The Minister for Pacific Peoples, Aupito William Sio says the theme for the 2020 Fijian Language Week reflects the strong belief by Fijians that their language and culture inspires courage and strength that is strongly needed in times of emergencies, or through a significant challenge like the global COVID-19 pandemic ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Trades training builds on iwi aspirations
    An investment of $2.025 million from the Māori Trades and Training Fund will support Māori to learn new skills while making a positive difference for their communities, announced Employment Minister Willie Jackson today. “K3 Development Limited Partnership will receive $2,025,000 for its Takitimu Tuanui apprenticeship programme, which will support the ...
    BeehiveBy beehive.govt.nz
    3 weeks ago