Open mike 17/05/2010

Written By: - Date published: 6:00 am, May 17th, 2010 - 25 comments
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25 comments on “Open mike 17/05/2010”

  1. Jenny 1

    In association with University of Auckland, ECOFEST presents a panel discussion:

    “A Financial Transactions Tax — Can Robin Hood save the world’s poorest?’.

    Tim Hazledine, Professor of Economics, University of Auckland;

    Jim Stanford, Economist, Canadian Auto Workers’ Union;

    Barry Coates, Executive Director, Oxfam New Zealand.

    Moderated by Yvonne Underhill-Sem, Director of Development Studies, University of Auckland.

    Our panel will discuss the Financial Transactions Tax, a tiny tax on banks which could provide billions of dollars of vital funding for tackling poverty and climate change.

    There’s growing international momentum behind the so called ROBIN HOOD TAX, so come along and find out what it’s all about!

    When; Tonight, Monday, May 17, 6pm 7.30 pm,

    Where; 039 Clock Tower, University of Auckland City Campus

  2. prism 2

    Listening to RadioNZ political editor backgrounding this weeks budget stating government aims – more savings, rejigging income tax so that there will be more incentives to work harder etc. What an Animal Farm situation. A hidden agenda behind stated aims, plotters manipulating the public they avow they are serving is the backbone of the Animal Farm story and true for us too.

    More savings would be encouraged if the tax on savings was drastically reduced. At times of low interest, savings are depreciated by inflation, so where is the incentive to save when I think the lowest tax on interest is 19.95% (go for this bargain – tax reduced to under 20%). See on your bank statement, the government using the banks as agents, whips out 1c tax when you get as low as 20c interest! But government is unwilling to reduce revenue by running a fairer, and more rational program. Also consumer spending makes our country’s turnover look good. To slow it down might show the truth- we have a lacklustre economy.

    In fact it would be worthwhile, and save on ink and paper, if government got the banks to do a 6 monthly computer check of combined interest and only charge tax when interest exceeds say $100. That would require a large capital sum. As well, government could offer the old-time housing saving accounts, the saver put money aside regularly towards a first home, and then could access an affordable interest rate for a longer term, ten years say these days. The saver establishes credit-worthiness, restrains impulse buying, and savings increase.

    And there is nothing wrong with people owning a house. The constant refrain against housing being used as investments being bad for general investment patterns, only applies to those buying multiple houses as personal profit and pension plans.

    As for working harder, who does this apply to? Perhaps politicians, they could spend less time relaxing at Bellamys and I understand the quantity some of them drink at watering holes around Wellington would make your eyes water.
    For the rest of us, we are amongst those in the OECD working the longest hours already.

    National and Labour did not move to prevent high housing inflation and so caused the financial mismanagement by young people who didn’t have an achievable goal of an affordable house as an incentive to save. They instead spent and borrowed for consumer items often soon abandoned. The carrot of having one’s own home has been constantly moved further along and the public treated as donkeys, follow in hope of getting security and choice of housing. These are likely to be the savers most desired, those who caused the credit boom and bust. If encouraged to save by incentives from government, through banks, for a house which is more to a houseowner than just a large capital purchase, there would be a fast turn-around in savings behaviour.

  3. Anne 3

    On Radio NZ’s political session this morning Matthew Hooten tried to do a hatchet job on The Standard blog site. He claimed (and I paraphrase) that Standard posters were pushing a “conspiracy theory” involving North Shore conservatives and the government with the deliberate intention of stirring trouble between Maori and Pakeha. Another attempt to divert attention away from Key’s appalling handling of the Tuhoe affair? Probably.

    I think The Standard needs to respond.

    • prism 3.1

      Hootin’ and barkin’ at it again? Who are these North Shore conservatives? And why is their conserve a superior sort of jam to other fruit-loop concoctions?

    • lprent 3.2

      One of us probably will eventually. Matty Hooter has a habit of making extravagant assertions that are short-term and easy to fend. Then of course it is fun to point out exactly how daft he and his assertions are.

      Puzzled though – offhand, I can’t remember a post that even suggested anything remotely like that. Oh well I’ll have a listen later and see where his convoluted logic got that from.

      • just saying 3.2.1

        It was Tumeke.
        Some on the Standard might have mentioned something similar, but Tumeke did a big post on it. It was very clever I might add, but Hooton has his websites mixed-up

        • lprent 3.2.1.1

          Oh that will be fun 😈

          Was it on NatRad and approx what time?

          • Tigger 3.2.1.1.1

            http://www.radionz.co.nz/audio/national/ntn/2010/05/17/politics

            Starts around 9:55. Nice advertising for the site – URL and everything given.

          • Anne 3.2.1.1.2

            It was the Monday morning political slot about 11:15am.

            I think he was also being ‘misleading’ about some comments at The Standard last week to the effect that Key had allowed himself to be spooked by some “white, conservative Nats” at a North Shore function he had attended. There was no suggestion I can recall of any deliberate policy to stir the racist pot.

          • just saying 3.2.1.1.3

            Listening to the actual RNZ item, I think Hooten was talking about the Standard post “Key Sends Message to Tuhoe” and maybe conflating it with the tumeke article re the “orange free state” – ie the North shore focus group post on Tumeke.

  4. frew 4

    The government has said it will compensate me for the increase in GST. How exactly?

    I don’t earn any money, so no tax cuts for me.
    I’m not on a benefit either, so no benefit increase either.

    I’m a student. I borrow about $160 a week to live, and pay about $150 a week for rent and basic food items/power/internet. $10 is supposed to cover everything else. I haven’t heard anyone mention how students will be compensated.

    So how will the Government compensate me? Increase the amount I can borrow? That’s not compensating me as I have to pay it back. Introduce some form of universal student allowance? Not with National. I suppose that they will argue that I will pay lower tax when I graduate, which will mean that I can service a bigger loan. But those tax cuts are to compensate workers (ie the future working me) for higher costs incurred at the time of working, not for compensating former students for extra costs incurred years ago.

    I guess myself and the tens of thousands of students living in something like a scarfie flat will be the ones who will pay for others to be better off. And then there’s the story of my rent going up…

    • marsman 4.1

      frew…. Basically you’re fucked. All the poor are fucked. The country is fucked. But we knew that when National slithered into power.

    • prism 4.2

      And then there is the possibility of not getting a decent salary after all your studying and succeeding. And then too you may not be able to find a job using your special knowledge, and end up being a filing clerk (if that job is not redundant today).

      Interesting how hard it is for some people to get jobs. Having much computer systems experience seems to receive little demand in Auckland. If employed you are on contract, so the company feels free to shed you or renegotiate but offering less money. When job hunting the salaries offered for such jobs is very ordinary, and you can’t balance that by saying well it is cheap to live in NZ. And the cost of things will soon rise further thanks to government intervention. (Interesting how governments can intervene in the market when it suits them).

  5. schrodigerscat 5

    Wow, John Key gets noticed enough in San Francisco to be awarded the “Dim bulb of the week” award

    http://www.sfexaminer.com/opinion/10-worst-ideas-of-the-week-Sunday-May-16-2010-93828354.html

    • prism 5.1

      While looking at the link to 10 worst ideas I picked a USA one I thought worth mentioning. Hope this pizza parlour treatment isn’t the next step after more cost cutting here.
      (Someone I know had an op in Auckland, leaving a big wound down the stomach. The person was sent home to convalesce, with no dressings. The patient would be overseen by their GP. No help from district nurses was made available. The patient was supposed to be recovering but was also supposed to obtain their own dressings and see the GP. The wound wept and pus built up, regular change of dressings was required so a large amount of dressings needed. Eventually the GP referred the patient back to the hospital and the patient got some care and serious attacks by antibiotics were needed. Outcome positive, all good, but no thanks to hospital care.)
      And this is the sort of care that we are cutting down on.

      From sfexaminer.com
      A sick hospital
      8) Long delays, privacy violations alleged at ER
      The details: At the Los Angeles County-USC ER, patients had to wait as long as 35 hours to be seen — and in some cases, vital signs were never taken, according to a complaint from a patient who is also a health care provider. She said patients’ names were posted on monitors that described their symptoms and date of birth; that patients were so crammed into the waiting room many had to stand; and that nurses were overwhelmed and disgruntled. Los Angeles County is looking into the allegations.

  6. Pascal's bookie 6

    The Gulf of Mexico oil spill is having only minimal environmental effects on land, but it may be causing serious problems in the water, some scientists say.

    Wind, currents and chemicals being sprayed on the oil are combining to keep most of the oil gushing from the sea floor out in the water. Scientists say they are growing increasingly concerned about two effects: the damage the oil might do to sea life and the possibility that currents might take some oil around Florida and up the East Coast

    Wall St Journal (warning: WSJ)

    Beware: Godzilla does not like it when you shit in his bed. The Rude Pundit (warning, he is a rude pundit)

  7. Standardistas interested in closing the gap with Oz should watch Campbell Live tonight. The EPMU have struck a deal where Kiwi workers on a trans-Tasman oil rig will get Aussie rates of pay. Unions 1, Don Brash 0.

  8. Quoth the Raven 8

    A piece on the US carry trade in which big banks get money for near zero interest from the state and buy US treasuries which pay out at a higher interest rate.

    So how does this carry trade work?

    Well, it basically has three steps and it works something like this….

    #1) Mr. Big Bank goes over to the Federal Reserve and says, “Hey Mr. Federal Reserve – please loan me a big bag of cash for next to nothing.” Of course, the Federal Reserve is more than happy to loan it to him.

    #2) Mr. Big Bank then invests the same big bag of cash into U.S. Tresuries which have a much higher interest rate than what Mr. Big Bank just borrowed at. To give you an idea, 10-year U.S. Treasuries are earning around 3 and a half percent right now.

    #3) Mr. Big Bank sits back and enjoys the huge amount of risk-free cash which comes pouring in.

    This little three step procedure helped enable four of the biggest U.S. banks (Goldman Sachs, JPMorgan Chase, Bank of America and Citigroup) to have a “perfect quarter” during the first quarter of 2010. What that means is that these four banks had zero days of trading losses in the first quarter.

    Of course you should look the other way because according to progressive/social democrat mythology the state is their to restrain big business. No according to their like a “robin hood tax” is needed because government interference in the market requires more government interference in the market and we wouldn’t want to question the etatist shibboleth of central banking because that would be bourgeois free market thinking.

  9. Most interesting discussion on the Chris Laidlaw show with Californian Prison Chaplin Ron Gibbons on the 3 Strikes and Out law in California .
    He convincingly spoke on the disaster that will happen if this bill is passed.
    It has cost the Californian tax-payer millions. It has completly failed , and Rodney Hide should take note of this knowledgeable man. How many heard this interview?.

    • uke 9.1

      yeah, it was compelling stuff.

    • RedLogix 9.2

      Yes I did.

      The most interesting point he made that I had not thought of before was this.

      It is of course police prosecutors who get to determine what charges are laid, and it is the charge that comes with the mandatory sentencing regime. The resulting problem as he saw it was that mandatory sentences shifted the point of discretion away from open, contestable Courts into the closed offices of the prosecutors.

      Because the most critical point of the process is now shifted out of public view to unaccountable police prosecutors, the potential for abuse and miscarriages of justice is greatly increased.

  10. Zorr 10

    http://www.stuff.co.nz/national/politics/3703766/Government-to-cover-25-percent-of-leaky-home-repair-bill

    Leaky homes package: we were wrong but we’re not guilty – please take this small token offering.

  11. RedLogix 11

    Oh and in the meantime the climate has been setting another new record.

    (Capchta = logic !! It had to come around eventually:-)

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    Here’s another novelty chocolate to shove in your gob, New Zealand Cadbury could be seeking to make itself great again with a rumoured new release: Pineapple Trumps, a spin on its classic chocolate-encased pineapple treat and do-it-yourself tooth remover. The global confectionery manufacturer and bumbling “before” character in an infomercial, ...
    The CivilianBy admin
    1 week ago
  • The coming resource war.
    During my time in the Pentagon I had the privilege of sitting down with military leaders and defence and security officials from a variety of Latin American nations. Sometimes I was present as a subordinate assistant to a senior US defence department official, sometimes as part of a delegation that ...
    KiwipoliticoBy Pablo
    1 week ago
  • Māori Language Week with The Civilian
    Kia ora, Aotearoa. It’s that magical time of year. Te Wiki o te Reo Māori. In English, the week that frightens talk radio. As you probably know by now, all your favourite media outlets are participating, some more successfully than others. Stuff has changed its name to Puna for the ...
    The CivilianBy admin
    1 week ago
  • Will Horizons act on climate change?
    Local body elections are coming up next month. And it looks like all Palmerston North candidates for Horizons (the Manawatu-Whanganui Regional Council) want to take action on climate change:Climate change is set to be a key issue in Palmerston North for the next three years if those wanting to get ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • BORA reform is stalled
    Eighteen months ago, the government promised to strengthen the Bill of Rights Act, by explicitly affirming the power of the courts to issue declarations of inconsistency and requiring Parliament to formally respond to them. So how's that going? I was curious, so I asked for all advice about the proposal. ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Corbyn and Brexit
    As the Brexit saga staggers on, the focus is naturally enough on the Prime Minister and his attempts to achieve Brexit “do or die”. But the role played by the Leader of the Opposition is of almost equal interest and complexity. The first problem for Jeremy Corbyn is that he ...
    Bryan GouldBy Bryan Gould
    1 week ago
  • A ditch for him to die in
    Last week, English Prime Minister Boris Johnson boldly declared that he would rather die be dead in a ditch than delay Brexit. Unfortunately for him, the UK parliament accepted the challenge, and promptly dug one for him. The "rebellion bill" requires him to ask for and secure yet another temporary ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Warning! Warning! Danger Jacinda Ardern! Danger Marama Davidson! Warning!
    Lost In Political Space: The most important takeaway from this latest Labour sexual assault scandal, which (if I may paraphrase Nixon’s White House counsel’s, John Dean’s, infamous description of Watergate) is “growing like a cancer” on the premiership, is the Labour Party organisation’s extraordinary professional paralysis in the face of ...
    1 week ago
  • Union solidarity with Ihumatao land occupation
    by Daphna Whitmore Every Sunday for the past two months unionists from First Union, with supporters from other unions, have set out to the Ihumatao land protest, put up gazebos and gas barbeques, and cooked food for a few hundred locals and supporters who have come from across the country. ...
    RedlineBy Daphna
    1 week ago
  • Climate Change: The wrong kind of trees?
    Newsroom today has an excellent, in-depth article on pine trees as carbon sinks. The TL;DR is that pine is really good at soaking up carbon, but people prefer far-less efficient native forests instead. Which is understandable, but there's two problems: firstly, we've pissed about so long on this problem that ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • No freedom of speech in Turkey
    Canan Kaftancioglu is a Turkish politician and member of the opposition Republican People's Party (CHP). Like most modern politicians, she tweets, and uses the platform to criticise the Turkish government. She has criticised them over the death of a 14-year-old boy who was hit by a tear gas grenade during ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Speaker: Tadhg Stopford: Why I’m standing for the ADHB
    Hi there, just call me Tim.We face tough problems, and I’d like to help, because there are solutions.An Auckand District Health Board member has nominated me for as a candidate for the ADHB, because her MS-related pain and fatigue is reduced with hemp products from Rotorua.  Nothing else helped her. If I ...
    1 week ago
  • Good little vassals
    The Inspector-General of Intelligence and Security has published their report on whether the SIS and GCSB had any complicity in American torture. And its damning. The pull quote is this:The Inquiry found both agencies, but to a much greater degree, the NZSIS, received many intelligence reports obtained from detainees who, ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Who Shall We Turn To When God, And Uncle Sam, Cease To Defend New Zealand?
    Bewhiskered Cassandra? Professor Hugh White’s chilling suggestion, advanced to select collections of academic, military and diplomatic Kiwi experts over the course of the past week, is that the assumptions upon which Australia and New Zealand have built their foreign affairs and defence policies for practically their entire histories – are ...
    1 week ago
  • The Politics of Opposition
    For most of the time I was a British MP, my party was out of government – these were the Thatcher years, when it was hard for anyone else to get a look-in. As a front-bencher and shadow minister, I became familiar with the strategies required in a parliamentary democracy ...
    Bryan GouldBy Bryan Gould
    1 week ago
  • More expert comments on the Canadian fluoride-IQ paper
    The Green et al (2019) fluoride/IQ is certainly controversial – as would be expected from its subject (see If at first you don’t succeed . . . statistical manipulation might help and Politics of science – making a silk purse out of a sow’s ear). Anti-fluoride campaigners have been actively promoting it ...
    2 weeks ago
  • The return to guerrilla war in Colombia
    by Gearóid Ó Loingsigh On August 29th a video in which veteran FARC (Revolutionary Armed Forces of Colombia) commander Iván Márquez announced that they had taken up arms again was released. There was no delay in the reaction to it, from longtime Liberal Party figure and former president Uribe, for ...
    RedlineBy Admin
    2 weeks ago
  • Air New Zealand identifies this enormous plot of unused land as possible second airport site
    Air New Zealand couldn’t believe its luck that this seemingly ideal piece of real estate had so far gone entirely unnoticed. Air New Zealand’s search for a site to build a second Auckland Airport may have made a breakthrough this afternoon, after employees scanning Google satellite imagery spotted a huge, ...
    The CivilianBy admin
    2 weeks ago
  • Redline on the Labour Party
    No-one on the anti-capitalist left in this country today puts forward a case that Labour is on the side of the working class.  There are certainly people who call themselves ‘socialist’ who do, but they are essentially liberals with vested interests in Labourism – often for career reasons. Nevertheless, there ...
    RedlineBy Admin
    2 weeks ago
  • New Fisk
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Labour’s failure
    When National was in government and fucking over the poor for the benefit of the rich, foodbanks were a growth industry. And now Labour is in charge, nothing has changed: A huge demand for emergency food parcels means the Auckland City Mission is struggling to prepare for the impending arrival ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Ardern attempts to vaccinate Clarke Gayford live on television to prove that it’s safe
    Gayford, pictured here on The Project, before things got wildly out of control. A bold public relations move by the Government to encourage parents to vaccinate their children has gone horribly wrong. Prime Minister Jacinda Ardern appeared on tonight’s episode of Three’s The Project, where the plan was for her ...
    The CivilianBy admin
    2 weeks ago
  • Has Mr. Whippy gone too far by parking on our front lawns?
    Mr. Whippy’s business model has driven it down a dark road of intimidation. Residents in major centres around the country are becoming disgruntled by the increasingly aggressive actions of purported ice cream company Mr. Whippy, who have taken to parking on people’s front lawns and doorsteps in a desperate attempt ...
    The CivilianBy admin
    2 weeks ago
  • Cleaning up the water
    Today the government released its Action Plan for Healthy Waterways, aimed at cleaning up our lakes and rivers. Its actually quite good. There will be protection for wetlands, better standards for swimming spots, a requirement for continuous improvement, and better standards for wastewater and stormwater. But most importantly, there's a ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Fronting up
    Today I appeared before the Environment Committee to give an oral submission on the Zero Carbon Bill. Over 1,500 people have asked to appear in person, so they've divided into subcommittees and are off touring the country, giving people a five minute slot each. The other submitters were a mixed ...
    No Right TurnBy Idiot/Savant
    2 weeks ago

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