“But capitalism without the prospect of failure is not any kind of market economy. We are running a large-scale, nontransparent, and dangerous government subsidy scheme for the benefit primarily of a very few, extremely wealthy people….
We should learn from both the WaMu and the Occupy movement. In both cases, the lesson is the same: concentrated financial power is a gift that keeps on giving â but not to you.”
Simon Johnson, a former chief economist of the IMF – thinks we should learn from #occupy, hmmm stalled huh.
Where have I ever argued that the responses to the financial crisis is the correct one. In fact I believe I have stated numerous times that Governments should NOT bail out corporations and/or banks. They should be left to fail. Of course that would mean more short term pain for people especially those on the bottom of the heap but it would be for the benefit of the economy as a whole in the long term. Capitalism requires business failures. It is politics that stops this from taking it’s natural course.
“Of course that would mean more short term pain for people especially those on the bottom of the heap but it would be for the benefit of the economy as a whole in the long term. “
Your lack of concern and empathy for other people is beyond my comprehension…
Can you explain to us why it should be the people “on the bottom of the heap” who should suffer the consequences of extreme capitalism?
That’s like saying that it was ok for Stalin to murder 30 million of his fellow contrymen/women, “for the benefit of the [socialist] economy as a whole in the long term.”
Ah Frank, I’m not sure I should bother answering your questions because if you were interested in getting to read different opinions from your own narrow view you would allow them on your own blog.
I will humour you a little by asking you a couple of questions though. What was the purpose of Freddie Mac and Fannie Mae and who did these organisations ultimately benefit?
Interesting how you deflect other peoples’ questions – and then have the cheek to demand answers to yours.
“Ah Frank, Iâm not sure I should bother answering your questions because if you were interested in getting to read different opinions from your own narrow view you would allow them on your own blog.”
You mean, apart from the 193 posts you’ve made on my Blog, Gosman?
Now, getting back to what I wrote above, and which you might care to address,
. â
âOf course that would mean more short term pain for people especially those on the bottom of the heap but it would be for the benefit of the economy as a whole in the long term
Your lack of concern and empathy for other people is beyond my comprehensionâŠ
Can you explain to us why it should be the people âon the bottom of the heapâ who should suffer the consequences of extreme capitalism?
Thatâs like saying that it was ok for Stalin to murder 30 million of his fellow contrymen/women, âfor the benefit of the [socialist] economy as a whole in the long term.â
Top marks Gos, I agree, let the bastards go to the wall. Lets face it if it were the rest of us we would be dropped from a great height.
Now, starter for 10…putting one and one together “It is politics that stops this” so the politicians are in the pay of the:
a. Banksters
b. Banksters mates
c. They are the banksters.
No the problem is that the Bankers have convinced the politicians that if they go to the wall the economy will be irretrievably harmed. While not true it is true that there is a risk of a serious economic downturn such as the great depression if the banking system freezes up, This tends to harm both rich and poor but as the poor have less cushion protecting them they obviously suffer more. This is the reason that bankers can hold a political gun against the heads of Government to protect them from going bust. Now I agree if they use that argument then they don’t have a stong argument for less Government interference in their business. That is why I think they should be left to fail.
Break the big banks up, nationalise the core infrastructure parts, segregate the casino investment banking divisions, return the power of printing money to the Crown; these steps will ensure that the financial terrorists cannot hold our country to ransom.
Gooseman your blind faith to your ideology shows how little you know about economics the great depression that went on for twenty years in the USA was caused by letting banks fail the best solution research has shown is to nationalize banks and let them return to profit using printed money to free up capital flow.
Nowhere in the world has your theory worked.
Air New Zealand is a perfect example of how it is done.
New Zealand nationalized banks in the 1930s under labour brought them back to profitability and our economy only suffered a 5 year depression.
Lucky we didn’t have your lot in power then.
You’ve made the mistake of thinking that the current banking crisis is a crisis of liquidity (hence your solution of freeing up cash flows in the banking sector).
Its not. Its a crisis of solvency. Almost every major investment bank out there, from JP Morgan to BNP Paribas to Deutschebank would be bankrupt tonight if they were to forced to mark their assets to market prices, and to bring their hidden off balance sheet liabilities on to the balance sheet.
In a situation like this, printing money cannot help.
Hmmm, Russia is an oligarchy run by ex KGB kleptocrats who have seized the assets of the former state and privatised them. They own Chelsea FC….and a whole lot of other private ventures around the world, privately, as in private property…….these guys control RT……very leftist I must say.
Replacing Banks with the Nat candidate for Epsom (as would surely be the result from a by-election) would put their charter schools policy into a curious position.
Some more balanced reporting on RNZ this morning over the akl wharf strike, interviewing Barnett of akl chamber of commerce ……..no other side, just Barnett who’s quite frankly a whining born to rule tosser offering no insight into the actual issues the strike is about.
Why not get the unions and members view they are after all the ones losing the most here.
Yep. I don’t think many right wingers would be happy if their job required them to be on call for 365 days of the year at 8 hours notice, the employer telling you at random, if you could have a weekend with your family, or not . With only 40 hours of each week paid for!
Basically POAL want the whole workforce to be always on call without paying for them to be standing by ready to work. Like Mcd’s with their expecting you to be available at 12 hours or less notice, but they only guarantee 12 hours per week to their “full time” staff.
Never ceases to amaze me that here in the private sector we club together for discounts as buying groups, we use restrictive practices (legal and “dubious”) to ensure that we have advantageous terms of trade, and we negotiate from a position of strength. Sounds like what Unions do, they are merely following good commercial practices to get the best price and to restrict competition.
Its also what those other great Unions do, the Chartered Accountant, the Law Society, Colleges of Surgeons etc etc
Consultants were paid as much as $275 an hour or $2500 a day, according to figures released by 31 government departments and agencies under the Official Information Act.
Some departments are increasing spending on consultants while getting rid of workers who, across all the departments involved, make an average of $33 an hour based on a 40-hour week.
So every person to a tee in Christchurch is appalled at the back-dated 14% pay rise given to the Council’s CEO (making 45% rise in 4 years) and all bloody Brownlee can do is say “button up Councillors and get in behind your mayor or some of you will get the sack”.
What planet is this ape on?
It is identical to his uniteral increase of the pay rates to the CERA overlords like Jenny Shipley some months ago.
Brownlee also claims that “people don’t know everything that’s going on” and should just shut up.
These events show that Brownlee has lost touch. Or perhaps that the power of his office is going to his head. Just remember that Brownlee – it is the office and not you which has the power.
He’s no lost touch. He was given this power until April 2012 and if you think he won’t use and abuse it you’re the one out of touch. This is were we are now: http://www.youtube.com/watch?v=A7IvLEpjPmc
Funny that, we have just had a major change in how we are expected to operate, all done without proper consultation, all released in the holiday season – over half of those affected won’t have a clue till mid-January.
This morningâs flight noted patches of oil, and a 3 km long metallic sheen about 20 metres wide heading northwest. Patches of rainbow sheen were visible for up to 7-8km off the western side of MĆtÄ«tÄ« Island about half a kilometre from the coast. A SCAT team is checking MaketĆ« spit and PÄpÄmoa beach today.
Just a couple of days after the ban on collecting Shellfish was lifted. There will be no MSM reporting on this because the all important tourist dollar has to be protected.
… too concerned about their tickets for the the Rugby World Cup I suspect. Weather was fine, see was calm, “not a problem, we’ll discuss it next week during the celebrations.”
Speaking of MSM not reporting on things… even after it was known 500 people had died in the Philippines flooding, none of the main television news services reported on this event. It wasn’t until yesterday when 652 people were confirmed to have died that Prime News finally reported on the flooding. In my opinion that’s three days after they should have. What are they afraid of I wonder… that people might start waking up to the effects of climate change?
Late breaking shock
Governor-General Sir Jerry Mateparae has just delivered the Speech
which was the 2008 speech
The National-lead Government is promising to spend its second term building a more competitive economy, reducing debt, creating jobs and lifting incomes
I dont know how that happened says Key.
Tolley has been asked to check why.
Inside comment is that there are so few Public Servant, nobody checked.
We are a nation of sheep.
After the Governor General’s delivery, he departed with ceremony and the elected members slowly filed back into the chamber. As they made their way back, they were greeted by a kapa haka group. Most continued on their way to take up their seats and then the cameras went back outside to the procession. One member must have decided to move over to meet and hongi with the group. And so the procession began – every subsequent elected member went over to meet-and-greet. (Nice touch?)
No, could’nt be…Shonkers was off in a hurry to delivery Christmas presents (little blond barbie dolls dressed in blue rosettes) to disadvantaged children in some Close in South Auckland. There was a bevvy of photographers in to, and a TV film crew.
hah this is fun.
hooton and his crew of sausage roll molesters instituted the permanent campaign.
so now I’m glad there is something to do all summer.
better than the cricket.
tee he.
Graeme Edgeler says the possibility of Bennett losing her seat and getting kicked out of Parliament is pretty slim, but surely given the stakes Labour needs to take the punt:
Yes, but it’s a matter of priorities: what’s more important? Stopping asset sales, or $30k? I think raising that amount wouldn’t be difficult in the circumstances. A decision just needs to be made now to go for it, then everyone gets cracking. Even if the odds, according some commentators, are low, we have to do it: the basis is to stop asset sales. This is what makes the situation different, exceptional.
You call an electoral petition a “trick in the book”? It’s a legitimate means available under the law. So someone legitimately exercising rights of appeal under the law somehow means they’re “sore losers” or up to “tricks”? Legal avenues like an electoral petition are there for a reason. The logical extension of what you’re saying is that the electoral petition provision, while we have there, it should never be used because parties shouldn’t look like “sore losers” or get up to “tricks”. Get real.
Ask an anarchist why they read white supremacist literature. Ask Odgers why she reads The Standard. (I have to say though that lately it’s been just brief glances and it’s getting harder and harder even doing that.)
Sad.
I could put up a picture of a drongo with anything I like in the background, but not here of course.
That would get me banned, yet others can do lies with pictures drongo
[lprent: Noone apart from authors can add pictures (or video now I fixed the bug) into the site. So you are suggesting something that you cannot do will get you banned? I realize you might be a bit challenged… But that?
Links to other sites don’t worry the mods – but we don’t like pure link-whoring. Our view is that you can pay for advertisements. So you have to write some origional content to accompany the link. Writing an articulate sentence explaining why people would want to clip the link!. Ummm ok now I can understand your problem… ]
Anyone notice that Pete George didnt post on this thread?
[lprent: You cannot draw conclusions from such occurrances and even pointing it out will sometimes earn moderator warnings. Quite simply most people do not spend their lives online. Expecting people to be present all of the time is unreasonable (even moderators). It is often a start of the pwned (and variants) idiocy which leads to flamewars that are irritating to most readers – especially to moderators. ]
On the thread Farewell NZ Institute we got a bit sidetracked by the reference to USA President Barack Obama. While trawling for some of my family information I came upon his family background. And for those interested in all the furore of whether he is a USA citizen etc here it is as detailed by William Addams Reitwiesner. link http://www.wargs.com/political/obama.html
Ancestry of Barack Obama
1 Barack Hussein Obama II, U.S. Senator from Illinois, U.S. President from 2009, b. Kapiolani Medical Center, Honolulu, Hawaii, 4 Aug. 1961,
m. at Trinity United Church of Christ, Chicago, 3 Oct. 1992
Michelle LaVaughn Robinson, b. Chicago 17 Jan. 1964, dau. of Frasier Robinson and of Marian Shields. Further details of her ancestry can be found here.
PARENTS
2 Barack Hussein Obama, Ph. D., b. Alego, Kenya [on the shores of Lake Victoria], … 1936, senior economist in the Kenyan Ministry of Finance, d. Nairobi, Kenya, … 1982, bur. Alego m. Maui, Hawaii, 2 Feb. 1961, div. filed Honolulu, Hawaii Jan. 1964
3 S[tanley] Ann Dunham, b. Wichita, Kansas, 29 Nov. 1942, d. Straub Clinic, Honolulu, Hawaii, 7 Nov. 1995 [SSDI 535-40-8522]
[lprent: all very interesting. However it was a full cut and paste. And it wasn’t even up on Penny’s own site. Perhaps she should put it there and link to it from here with a teaser – like everyone else does. ]
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Hit the road Jack and don't you come backNo more, no more, no more, no moreHit the road Jack and don't you come back no moreWhat you say?Songwriters: Percy MayfieldMorena,I keep many of my posts, like this one, paywall-free so that everyone can read them.However, please consider supporting me as ...
This might be the longest delay between reading (or in this case re-reading) a work, and actually writing a review of it I have ever managed. Indeed, when I last read these books in December 2022, I was not planning on writing anything about them… but as A Phuulish Fellow ...
Kia Ora,I try to keep most my posts without a paywall for public interest journalism purposes. However, if you can afford to, please consider supporting me as a paid subscriber and/or supporting over at Ko-Fi. That will help me to continue, and to keep spending time on the work. Embarrassingly, ...
There was a time when Google was the best thing in my world. I was an early adopter of their AdWords program and boy did I like what it did for my business. It put rocket fuel in it, is what it did. For every dollar I spent, those ads ...
A while back I was engaged in an unpleasant exchange with a leader of the most well-known NZ anti-vax group and several like-minded trolls. I had responded to a racist meme on social media in which a rightwing podcaster in the US interviewed one of the leaders of the Proud ...
Hi,If you’ve been reading Webworm for a while, you’ll be familiar with Anna Wilding. Between 2020 and 2021 I looked at how the New Zealander had managed to weasel her way into countless news stories over the years, often with very little proof any of it had actually happened. When ...
It's a long white cloud for you, baby; staying together alwaysSummertime in AotearoaWhere the sunshine kisses the water, we will find it alwaysSummertime in AotearoaYeah, it′s SummertimeIt's SummertimeWriters: Codi Wehi Ngatai, Moresby Kainuku, Pipiwharauroa Campbell, Taulutoa Michael Schuster, Rebekah Jane Brady, Te Naawe Jordan Muturangi Tupe, Thomas Edward Scrase.Many of ...
The Green Party is calling on the Government to stand firm and work with allies to progress climate action as Donald Trump signals his intent to pull out of the Paris Climate Accords once again. ...
The Green Party has welcomed the provisional ceasefire deal between Israel and Hamas, and reiterated its call for New Zealand to push for an end to the unlawful occupation of Palestine. ...
The Green Party welcomes the extension of the deadline for Treaty Principles Bill submissions but continues to call on the Government to abandon the Bill. ...
Foreign Minister Winston Peters has announced the new membership of the Public Advisory Committee on Disarmament and Arms Control (PACDAC), who will serve for a three-year term. âThe Committee brings together wide-ranging expertise relevant to disarmament. We have made six new appointments to the Committee and reappointed two existing members ...
Ka nui te mihi kia koutou. Kia ora, good morning, talofa, malo e lelei, bula vinaka, da jia hao, namaste, sat sri akal, assalamu alaikum. Itâs so great to be here and Iâm ready and pumped for 2025. Can I start by acknowledging: Simon Bridges â CEO of the Auckland ...
The Government has unveiled a bold new initiative to position New Zealand as a premier destination for foreign direct investment (FDI) that will create higher paying jobs and grow the economy. âInvest New Zealand will streamline the investment process and provide tailored support to foreign investors, to increase capital investment ...
Science, Innovation and Technology Minister Judith Collins today announced the largest reset of the New Zealand science system in more than 30 years with reforms which will boost the economy and benefit the sector. âThe reforms will maximise the value of the $1.2 billion in government funding that goes into ...
Turbocharging New Zealandâs economic growth is the key to brighter days ahead for all Kiwis, Prime Minister Christopher Luxon says. In the Prime Ministerâs State of the Nation Speech in Auckland today, Christopher Luxon laid out the path to the prosperity that will affect all aspects of New Zealandersâ lives. ...
The latest set of accounts show the Government has successfully checked the runaway growth of public spending, Finance Minister Nicola Willis says. âIn the previous governmentâs final five months in office, public spending was almost 10 per cent higher than for the same period the previous year. âThat is completely ...
The Governmentâs welfare reforms are delivering results with the number of people moving off benefits into work increasing year-on-year for six straight months. âThere are positive signs that our welfare reset and the return consequences for job seekers who don't fulfil their obligations to prepare for or find a job ...
Jon Kroll and Aimee McCammon have been appointed to the New Zealand Film Commission Board, Arts Minister Paul Goldsmith says. âI am delighted to appoint these two new board members who will bring a wealth of industry, governance, and commercial experience to the Film Commission. âJon Kroll has been an ...
Finance Minister Nicola Willis has hailed a drop in the domestic component of inflation, saying it increases the prospect of mortgage rate reductions and a lower cost of living for Kiwi households. Stats NZ reported today that inflation was 2.2 per cent in the year to December, the second consecutive ...
Two new appointed members and one reappointed member of the Employment Relations Authority have been announced by Workplace Relations and Safety Minister Brooke van Velden today. âIâm pleased to announce the new appointed members Helen van Druten and Matthew Piper to the Employment Relations Authority (ERA) and welcome them to ...
Prime Minister Christopher Luxon has delivered a refreshed team focused on unleashing economic growth to make people better off, create more opportunities for business and help us afford the world-class health and education Kiwis deserve. âLast year, we made solid progress on the economy. Inflation has fallen significantly and now ...
Veteransâ Affairs and a pan-iwi charitable trust have teamed up to extend the reach and range of support available to veterans in the Bay of Plenty, Veterans Minister Chris Penk says. âA major issue we face is identifying veterans who are eligible for support,â Mr Penk says. âIncredibly, we do ...
A host of new appointments will strengthen the Waitangi Tribunal and help ensure it remains fit for purpose, MÄori Development Minister Tama Potaka says. âAs the Tribunal nears its fiftieth anniversary, the appointments coming on board will give it the right balance of skills to continue its important mahi hearing ...
Almost 22,000 FamilyBoost claims have been paid in the first 15 days of the year, Finance Minister Nicola Willis says. The ability to claim for FamilyBoostâs second quarter opened on January 1, and since then 21,936 claims have been paid. âIâm delighted people have made claiming FamilyBoost a priority on ...
The Government has delivered a funding boost to upgrade critical communication networks for Maritime New Zealand and Coastguard New Zealand, ensuring frontline search and rescue services can save lives and keep Kiwis safe on the water, Transport Minister Simeon Brown and Associate Transport Minister Matt Doocey say. âNew Zealand has ...
Mahi has begun that will see dozens of affordable rental homes developed in Gisborne - a sign the Governmentâs partnership with Iwi is enabling more homes where theyâre needed most, Associate Housing Minister Tama Potaka says. Mr Potaka attended a sod-turning ceremony to mark the start of earthworks for 48 ...
New Zealand welcomes the ceasefire deal to end hostilities in Gaza, Foreign Minister Winston Peters says. âOver the past 15 months, this conflict has caused incomprehensible human suffering. We acknowledge the efforts of all those involved in the negotiations to bring an end to the misery, particularly the US, Qatar ...
The Associate Minster of Transport has this week told the community that work is progressing to ensure they have a secure and suitable shipping solution in place to give the Island certainty for its future. âI was pleased with the level of engagement the Request for Information process the Ministry ...
Associate Health Minister David Seymour says he is proud of the Governmentâs commitment to increasing medicines access for New Zealanders, resulting in a big uptick in the number of medicines being funded. âThe Government is putting patients first. In the first half of the current financial year there were more ...
New Zealand's first-class free trade deal and investment treaty with the United Arab Emirates (UAE) have been signed. In Abu Dhabi, together with UAE President His Highness Sheikh Mohammed bin Zayed, New Zealand Prime Minister, Christopher Luxon, witnessed the signing of the Comprehensive Economic Partnership Agreement (CEPA) and accompanying investment treaty ...
The latest NZIER Quarterly Survey of Business Opinion, which shows the highest level of general business confidence since 2021, is a sign the economy is moving in the right direction, Finance Minister Nicola Willis says. âWhen businesses have the confidence to invest and grow, it means more jobs and higher ...
Events over the last few weeks have highlighted the importance of strong biosecurity to New Zealand. Our staff at the border are increasingly vigilant after German authorities confirmed the country's first outbreak of foot and mouth disease (FMD) in nearly 40 years on Friday in a herd of water buffalo ...
Associate Justice Minister Nicole McKee reminds the public that they now have an opportunity to have their say on the rewrite of the Arms Act 1983. âAs flagged prior to Christmas, the consultation period for the Arms Act rewrite has opened today and will run through until 28 February 2025,â ...
Complaints about disruptive behaviour now handled in around 13 days (down from around 60 days a year ago) 553 Section 55A notices issued by KÄinga Ora since July 2024, up from 41 issued during the same period in the previous year. Of that 553, first notices made up around 83 ...
The time it takes to process building determinations has improved significantly over the last year which means fewer delays in homes being built, Building and Construction Minister Chris Penk says. âNew Zealand has a persistent shortage of houses. Making it easier and quicker for new homes to be built will ...
Minister of Internal Affairs Brooke van Velden is pleased to announce the annual list of New Zealandâs most popular baby names for 2024. âFor the second consecutive year, Noah has claimed the top spot for boys with 250 babies sharing the name, while Isla has returned to the most popular ...
Work is set to get underway on a new bus station at Westgate this week. A contract has been awarded to HEB Construction to start a package of enabling works to get the site ready in advance of main construction beginning in mid-2025, Transport Minister Simeon Brown says.âA new Westgate ...
Minister for Children and for Prevention of Family and Sexual Violence Karen Chhour is encouraging people to use the resources available to them to get help, and to report instances of family and sexual violence amongst their friends, families, and loved ones who are in need. âThe death of a ...
In the pursuit of growth itâs yes to mining, yes to tourism, yes to an overhaul of the science sector, and no to saying no, writes Toby Manhire from the PMâs state of the nation speech in Auckland. Growth, said Christopher Luxon yesterday. Growth, growth, growth. Growth âunlockedâ, he said. ...
The government announced some big changes to the science and research sector this week. Hereâs what you need to know. On Thursday, outgoing science minister Judith Collins announced major changes to New Zealandâs science sector that will impact several thousand staff working across Callaghan Innovation and the Crown Research Institutes. ...
Shannon-Leigh Litt has always known the importance of witnesses in her professional life as a criminal defence lawyer.For the past 390 days, sheâs had to find her own witnesses out on the street, usually in the early hours of the morning. Itâs all part of her quest to claim a ...
NONFICTION1 Tasty by Chelsea Winter (Allen & Unwin, $55)Food without meat.2 More Salad by Margo Flanagan & Rosa Power (Allen & Unwin, $49.99)Food without meat.3 View from the Second Row by Samuel Whitelock (HarperCollins, $49.99)Rugby memoir.4 Wild Walks Aotearoa: A Guide to Tramping in New Zealandby Hannah-Rose Watt (Penguin ...
They say prevention is better than a cure. It is also a lot cheaper than a cure.A helpful new report on BMI and obesity seeks to clarify how we measure and define clinically relevant obesity, especially for treatment purposes.But with New Zealandâs health system under enormous pressure, we argue that the ...
Comment: My first wish for 2025 is that all the retired greyhounds, which came about through the end of greyhound racing in New Zealand, are rehomed well and become beloved family animal companions. ⶠWhile on the animal welfare theme, this also leads to my second wish for 2025 which is ...
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Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra The Albanese government if re-elected will provide a $10,000 incentive payment to apprentices to work in housing construction. The promise will be announced by Prime Minister Anthony Albanese when he addresses the National Press ...
By Mark Rabago, RNZ Pacific Commonwealth of the Northern Marianas correspondent Two LGBTQIA+ advocates in the Northern Mariana Islands (CNMI) are up in arms over US President Donald Trumpâs executive order rolling back protections for transgender people and terminating diversity, equity and inclusion programs within the federal government. Pride Marianas ...
Source: The Conversation (Au and NZ) – By Matthew Ricketson, Professor of Communication, Deakin University This week Prince Harry achieved something few before him have: an admission of guilt and unlawful behaviour from the Murdoch media organisation. But he also fell short of his long-stated goal of holding the Murdochs ...
Source: The Conversation (Au and NZ) – By Emma Rowe, Associate Professor in Education, Deakin University As Australian families prepare for term 1, many will receive letters from their public schools asking them to pay fees. While public schools are supposed to be âfreeâ, parents are regularly asked to ...
Analysis - At first glance the Prime Minister's fresh plan to inject growth in the economy is a hark back to pre-Covid days and the last National government. ...
Labour Party MPs have kicked off the political year with a spring in their step and fire in their bellies, ready to announce some policies and ramp up the attack strategy.Clad in a casual shirt and jandals, leader Chris Hipkins entered the Distinction Hotel in Palmerston North, guns blazing and ...
COMMENTARY:By Nick RockelPeople get readyThereâs a train a-comingYou donât need no baggageYou just get on boardAll you need is faithTo hear the diesels hummingDonât need no ticketYou just thank the Lord Songwriter: Curtis Mayfield You might have seen Bishop Mariann Edgar Buddeâs speech at the National Prayer Service ...
Source: The Conversation (Au and NZ) – By Rachel Williamson, Senior Tutor in English, University of Canterbury Disney+ âMotherhood,â the beleaguered stay-at-home mother of Nightbitch tells us in contemplative voice-over, âis probably the most violent experience a human can have aside from death itselfâ. Increasingly depicted as a ...
Source: The Conversation (Au and NZ) – By Clive Schofield, Professor, Australian National Centre for Ocean Resources and Security (ANCORS), University of Wollongong Getty Images Among the blizzard of executive orders issued by Donald Trump on his first day back in the Oval Office was one titled Restoring Names ...
Source: The Conversation (Au and NZ) – By Lewis Ingram, Lecturer in Physiotherapy, University of South Australia Undrey/Shutterstock Whether improving your flexibility was one of your new yearâs resolutions, or youâve been inspired watching certain tennis stars warming up at the Australian Open, maybe 2025 has you keen to ...
Christopher Luxon says the government wants tourism "turned on big time internationally" in response to a mayor's call for more funding for the sector. ...
The NZTU's OIA request shows that across the Governor-General's six trips to London between June 2022 and May 2023, the Office of Governor-General incurred just over ÂŁ10000 / $20000 NZ on VIP services for the Governor-General and those travelling ...
Source: The Conversation (Au and NZ) – By Armin Chitizadeh, Lecturer, School of Computer Science, University of Sydney Collagery/Shutterstock In one of his first moves as the 47th President of the United States, Donald Trump announced a new US$500 billion project called Stargate to accelerate the development of artificial ...
Source: The Conversation (Au and NZ) – By John Hart, Emeritus Faculty, US government and politics specialist, Australian National University On his last day in office, outgoing United States President Joe Biden issued a number of preemptive pardons essentially to protect some leading public figures and members of his own ...
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Source: The Conversation (Au and NZ) – By Rebekkah Markey-Towler, PhD Candidate, Melbourne Law School, and Research fellow, Melbourne Climate Futures, The University of Melbourne EPA On his first day back in office as United States president, Donald Trump gave formal notice of his nationâs exit from the Paris ...
Taxpayers' Union Spokesman, Jordan Williams, said âthe speech was more about feels and repeating old announcements than concrete policy changes to improve New Zealandâs prosperity.â ...
Callaghan Innovation has shown itself to be a toxic organisation, with a culture that leads to waste on a wallet-shattering scale, Taxpayersâ Union Spokesman James Ross said. ...
"It is great to see this Government listening to the mining sector and showing a clear understanding of its value to the economy in terms of jobs and investment in communities, as well as export earnings," Vidal says. ...
The long overdue science reform strategy promises another huge restructure on top of the restructure endured by science agencies to date, creating more uncertainty and worry for thousands of science workers. ...
SPECIAL REPORT:By Jeremy Rose The International Court of Justice heard last month that after reconstruction is factored in Israelâs war on Gaza will have emitted 52 million tonnes of carbon dioxide and other greenhouse gases. A figure equivalent to the annual emissions of 126 states and territories. It seems ...
Some feel-good nature wins to start your year. Sure, 2024 wasnât what youâd call a âfeel-goodâ year for the natural world. But if your heart sank at each new blow to conservation (hello fast track bill, goodbye Jobs for Nature funding, looking at you, conservation and science budget cuts), let ...
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 A national Resolve poll for Nine newspapers, conducted January 15â21 from a sample of 1,610, gave the Coalition a 51â49 lead using ...
Source: The Conversation (Au and NZ) – By Lisa French, Professor & Dean, School of Media and Communication, RMIT University Searchlight Pictures In 1961, aged 19, Bob Dylan left home in Minnesota for New York City and never looked back. Unknown when he arrived, he would later be widely ...
Body Shop NZ has been put into voluntary liquidation. We reach out into the Dewberry mists of time to farewell some of our cruelty-free favs.  Before Mecca was the mecca, before Sephora sold retinol to tweens and before the internet made beauty content a lucrative career path, there was The ...
According to official Customs information, total interceptions of illegal cigarettes and cigars grew 31.4%, from 4.94 million in 2019â2020 to 6.5 million in 2023â2024. ...
I thought of Gosman this morning as I was watching the latest Keiser report. Here you go cowboy hat boy. Some education: http://rt.com/programs/keiser-report/episode-225-max-keiser/
I always enjoy it on youtube đ
Yeah, me too but when I posted it it had not been put on youtube yet. LOL.
This made me think of Gosman too
“But capitalism without the prospect of failure is not any kind of market economy. We are running a large-scale, nontransparent, and dangerous government subsidy scheme for the benefit primarily of a very few, extremely wealthy people….
We should learn from both the WaMu and the Occupy movement. In both cases, the lesson is the same: concentrated financial power is a gift that keeps on giving â but not to you.”
Simon Johnson, a former chief economist of the IMF – thinks we should learn from #occupy, hmmm stalled huh.
http://www.project-syndicate.org/commentary/johnson27/English
Where have I ever argued that the responses to the financial crisis is the correct one. In fact I believe I have stated numerous times that Governments should NOT bail out corporations and/or banks. They should be left to fail. Of course that would mean more short term pain for people especially those on the bottom of the heap but it would be for the benefit of the economy as a whole in the long term. Capitalism requires business failures. It is politics that stops this from taking it’s natural course.
Your lack of concern and empathy for other people is beyond my comprehension…
Can you explain to us why it should be the people “on the bottom of the heap” who should suffer the consequences of extreme capitalism?
That’s like saying that it was ok for Stalin to murder 30 million of his fellow contrymen/women, “for the benefit of the [socialist] economy as a whole in the long term.”
In other words, the end justifies the means?
Ah Frank, I’m not sure I should bother answering your questions because if you were interested in getting to read different opinions from your own narrow view you would allow them on your own blog.
I will humour you a little by asking you a couple of questions though. What was the purpose of Freddie Mac and Fannie Mae and who did these organisations ultimately benefit?
Interesting how you deflect other peoples’ questions – and then have the cheek to demand answers to yours.
You mean, apart from the 193 posts you’ve made on my Blog, Gosman?
Or the article I reposted from Brian Edward’s blog (by permission), written by Kimbo – a staunch critic of Labour? http://fmacskasy.wordpress.com/2011/11/11/lessons-from-the-past-a-critique-of-labour/
Yeah… not many, if any, eh?
Now, getting back to what I wrote above, and which you might care to address,
. â
Your lack of concern and empathy for other people is beyond my comprehensionâŠ
Can you explain to us why it should be the people âon the bottom of the heapâ who should suffer the consequences of extreme capitalism?
Thatâs like saying that it was ok for Stalin to murder 30 million of his fellow contrymen/women, âfor the benefit of the [socialist] economy as a whole in the long term.â
In other words, the end justifies the means?
Top marks Gos, I agree, let the bastards go to the wall. Lets face it if it were the rest of us we would be dropped from a great height.
Now, starter for 10…putting one and one together “It is politics that stops this” so the politicians are in the pay of the:
a. Banksters
b. Banksters mates
c. They are the banksters.
No the problem is that the Bankers have convinced the politicians that if they go to the wall the economy will be irretrievably harmed. While not true it is true that there is a risk of a serious economic downturn such as the great depression if the banking system freezes up, This tends to harm both rich and poor but as the poor have less cushion protecting them they obviously suffer more. This is the reason that bankers can hold a political gun against the heads of Government to protect them from going bust. Now I agree if they use that argument then they don’t have a stong argument for less Government interference in their business. That is why I think they should be left to fail.
Too big too fail = too big to exist.
Break the big banks up, nationalise the core infrastructure parts, segregate the casino investment banking divisions, return the power of printing money to the Crown; these steps will ensure that the financial terrorists cannot hold our country to ransom.
Gooseman your blind faith to your ideology shows how little you know about economics the great depression that went on for twenty years in the USA was caused by letting banks fail the best solution research has shown is to nationalize banks and let them return to profit using printed money to free up capital flow.
Nowhere in the world has your theory worked.
Air New Zealand is a perfect example of how it is done.
New Zealand nationalized banks in the 1930s under labour brought them back to profitability and our economy only suffered a 5 year depression.
Lucky we didn’t have your lot in power then.
You’ve made the mistake of thinking that the current banking crisis is a crisis of liquidity (hence your solution of freeing up cash flows in the banking sector).
Its not. Its a crisis of solvency. Almost every major investment bank out there, from JP Morgan to BNP Paribas to Deutschebank would be bankrupt tonight if they were to forced to mark their assets to market prices, and to bring their hidden off balance sheet liabilities on to the balance sheet.
In a situation like this, printing money cannot help.
You do realise that RT is the equivalent of Fox news for leftist conspiacy theorists don’t you? Oh wait… that is why you watch it.
Yep, MF Global’s bankruptcy is a left wing conspiracy theory!
As for Goldman Sac’s involvement in Europe..
http://www.independent.co.uk/news/business/analysis-and-features/what-price-the-new-democracy-goldman-sachs-conquers-europe-6264091.html
Hmmm, Russia is an oligarchy run by ex KGB kleptocrats who have seized the assets of the former state and privatised them. They own Chelsea FC….and a whole lot of other private ventures around the world, privately, as in private property…….these guys control RT……very leftist I must say.
‘
“Surreal”
The word that John Banks used yesterday to describe his return to the House of Representatives.
Indeed.
The leader of a party who a few months ago he wasn’t even a member of.
Appointed to his position by another person who also at the time of his selection was also not a member.
What other one word descriptions could describe this farcical anointment?
(Representative wouldn’t be one of them).
Surreal will be an accurate depiction of his tenure this time around…..wonder if he’ll last the term.
Replacing Banks with the Nat candidate for Epsom (as would surely be the result from a by-election) would put their charter schools policy into a curious position.
Corporate takeover of a political party?
So surreal is now a synonym for ‘crooked’?
When will the SFO finally look at him and Orewa Slur daddy?
yes please
Some more balanced reporting on RNZ this morning over the akl wharf strike, interviewing Barnett of akl chamber of commerce ……..no other side, just Barnett who’s quite frankly a whining born to rule tosser offering no insight into the actual issues the strike is about.
Why not get the unions and members view they are after all the ones losing the most here.
Yep one of the Standard authors should do a post to dispel Cactus Kate’s spin on the issue.
Yep. I don’t think many right wingers would be happy if their job required them to be on call for 365 days of the year at 8 hours notice, the employer telling you at random, if you could have a weekend with your family, or not . With only 40 hours of each week paid for!
Basically POAL want the whole workforce to be always on call without paying for them to be standing by ready to work. Like Mcd’s with their expecting you to be available at 12 hours or less notice, but they only guarantee 12 hours per week to their “full time” staff.
Show me where to sign. I’ll take it at that pay, or even less to have such a job.
All the extra hours and double shifts to get the published pay. I doubt it.
Never ceases to amaze me that here in the private sector we club together for discounts as buying groups, we use restrictive practices (legal and “dubious”) to ensure that we have advantageous terms of trade, and we negotiate from a position of strength. Sounds like what Unions do, they are merely following good commercial practices to get the best price and to restrict competition.
Its also what those other great Unions do, the Chartered Accountant, the Law Society, Colleges of Surgeons etc etc
They had the Union on yesterday along with the Employer.
lol – and the union or one of its allies by itself at any time?
Govt’s consultants’ bill $375m and rising
Consultants were paid as much as $275 an hour or $2500 a day, according to figures released by 31 government departments and agencies under the Official Information Act.
Some departments are increasing spending on consultants while getting rid of workers who, across all the departments involved, make an average of $33 an hour based on a 40-hour week.
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10774433
Thats so they can save $375 million on many more public servants
So every person to a tee in Christchurch is appalled at the back-dated 14% pay rise given to the Council’s CEO (making 45% rise in 4 years) and all bloody Brownlee can do is say “button up Councillors and get in behind your mayor or some of you will get the sack”.
What planet is this ape on?
It is identical to his uniteral increase of the pay rates to the CERA overlords like Jenny Shipley some months ago.
Brownlee also claims that “people don’t know everything that’s going on” and should just shut up.
These events show that Brownlee has lost touch. Or perhaps that the power of his office is going to his head. Just remember that Brownlee – it is the office and not you which has the power.
I don’t like this statement re: what it implies.
No VTO,
He’s no lost touch. He was given this power until April 2012 and if you think he won’t use and abuse it you’re the one out of touch. This is were we are now: http://www.youtube.com/watch?v=A7IvLEpjPmc
Just what are the police (or journalists) implying?
First, cell phones, now the bible – careful people what you have on the front seat
of your car.
“Devoted Christian had Bible with him in fatal crash…”
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10774493
More on those lazy stalled occupiers, Occupy LSX takes it’s 4th space, an old court, where they’ll put the 1% on trial, here are pictures..
http://www.demotix.com/news/975833/occupy-london-squat-old-street-magistrates-court
Even the apologist for National, Herald, now, admits they stuffed around with the Rena salvage for at least 4 days.
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10772196
Yep just as you said at the time. I guess just before Christmas is the right time to release this kind of news.
Just before christmas and just after the election.
Funny that, we have just had a major change in how we are expected to operate, all done without proper consultation, all released in the holiday season – over half of those affected won’t have a clue till mid-January.
Yesterday, Maritime NZ reported another oil spill from Rena.
Rena update (update 136)
Just a couple of days after the ban on collecting Shellfish was lifted. There will be no MSM reporting on this because the all important tourist dollar has to be protected.
… too concerned about their tickets for the the Rugby World Cup I suspect. Weather was fine, see was calm, “not a problem, we’ll discuss it next week during the celebrations.”
Speaking of MSM not reporting on things… even after it was known 500 people had died in the Philippines flooding, none of the main television news services reported on this event. It wasn’t until yesterday when 652 people were confirmed to have died that Prime News finally reported on the flooding. In my opinion that’s three days after they should have. What are they afraid of I wonder… that people might start waking up to the effects of climate change?
More incompetence from this government and Auckland ratepayers get to pick up the bill.
It obviously wasn’t enough that they massively increased the costs of Auckland Council through the super-city implementation incompetence.
This is an interesting way to balance the books. Lets just make someone else pay for it because we are incapable of handling the budget.
Give your thoughts on the Food Bill to the Greens.
http://blog.greens.org.nz/2011/12/21/mojo-and-steffan-lead-green-response-to-food-bill/
Late breaking shock
Governor-General Sir Jerry Mateparae has just delivered the Speech
which was the 2008 speech
The National-lead Government is promising to spend its second term building a more competitive economy, reducing debt, creating jobs and lifting incomes
I dont know how that happened says Key.
Tolley has been asked to check why.
Inside comment is that there are so few Public Servant, nobody checked.
No mention in the Speech from the Throne about policy for seniors.
Â
I guess they’re ignoring them because they are all “dying out” đ
We are a nation of sheep.
After the Governor General’s delivery, he departed with ceremony and the elected members slowly filed back into the chamber. As they made their way back, they were greeted by a kapa haka group. Most continued on their way to take up their seats and then the cameras went back outside to the procession. One member must have decided to move over to meet and hongi with the group. And so the procession began – every subsequent elected member went over to meet-and-greet. (Nice touch?)
No, could’nt be…Shonkers was off in a hurry to delivery Christmas presents (little blond barbie dolls dressed in blue rosettes) to disadvantaged children in some Close in South Auckland. There was a bevvy of photographers in to, and a TV film crew.
hah this is fun.
hooton and his crew of sausage roll molesters instituted the permanent campaign.
so now I’m glad there is something to do all summer.
better than the cricket.
tee he.
Bryce Edwards gives an area-by-area analysis of how Labour lost the party vote in Dunedin South.
Graeme Edgeler says the possibility of Bennett losing her seat and getting kicked out of Parliament is pretty slim, but surely given the stakes Labour needs to take the punt:
http://publicaddress.net/legalbeagle/paulas-peril-or-the-uncertain-scenario/
It’s a fair bit of money though. I’d love to see Bennett turfed out as much as anyone, but it is a lot to punt.
Yes, but it’s a matter of priorities: what’s more important? Stopping asset sales, or $30k? I think raising that amount wouldn’t be difficult in the circumstances. A decision just needs to be made now to go for it, then everyone gets cracking. Even if the odds, according some commentators, are low, we have to do it: the basis is to stop asset sales. This is what makes the situation different, exceptional.
And makes Labour look like sore losers trying any trick in the book to overthrow the will of the people.
Good move.
You call an electoral petition a “trick in the book”? It’s a legitimate means available under the law. So someone legitimately exercising rights of appeal under the law somehow means they’re “sore losers” or up to “tricks”? Legal avenues like an electoral petition are there for a reason. The logical extension of what you’re saying is that the electoral petition provision, while we have there, it should never be used because parties shouldn’t look like “sore losers” or get up to “tricks”. Get real.
This is interesting. Slater’s hoping Winston Peters dies. Why is he so nasty? He’s getting to be as nasty as Odgers.
http://www.whaleoil.co.nz/2011/12/face-of-the-day-41/
why would you read either of their blogs?
Ask an anarchist why they read white supremacist literature. Ask Odgers why she reads The Standard. (I have to say though that lately it’s been just brief glances and it’s getting harder and harder even doing that.)
Well, kudos to you for resisting the urge to soak your eyeballs in acid after reading such things.
drongo Could be dierbeaties
Sad.
I could put up a picture of a drongo with anything I like in the background, but not here of course.
That would get me banned, yet others can do lies with pictures drongo
[lprent: Noone apart from authors can add pictures (or video now I fixed the bug) into the site. So you are suggesting something that you cannot do will get you banned? I realize you might be a bit challenged… But that?
Links to other sites don’t worry the mods – but we don’t like pure link-whoring. Our view is that you can pay for advertisements. So you have to write some origional content to accompany the link. Writing an articulate sentence explaining why people would want to clip the link!. Ummm ok now I can understand your problem… ]
Yep, definitely stalled. #D17
What happened to my reply? I can’t be arsed typing it all again..
Anyone notice that Pete George didnt post on this thread?
[lprent: You cannot draw conclusions from such occurrances and even pointing it out will sometimes earn moderator warnings. Quite simply most people do not spend their lives online. Expecting people to be present all of the time is unreasonable (even moderators). It is often a start of the pwned (and variants) idiocy which leads to flamewars that are irritating to most readers – especially to moderators. ]
On the thread Farewell NZ Institute we got a bit sidetracked by the reference to USA President Barack Obama. While trawling for some of my family information I came upon his family background. And for those interested in all the furore of whether he is a USA citizen etc here it is as detailed by William Addams Reitwiesner. link http://www.wargs.com/political/obama.html
Ancestry of Barack Obama
1 Barack Hussein Obama II, U.S. Senator from Illinois, U.S. President from 2009, b. Kapiolani Medical Center, Honolulu, Hawaii, 4 Aug. 1961,
m. at Trinity United Church of Christ, Chicago, 3 Oct. 1992
Michelle LaVaughn Robinson, b. Chicago 17 Jan. 1964, dau. of Frasier Robinson and of Marian Shields. Further details of her ancestry can be found here.
PARENTS
2 Barack Hussein Obama, Ph. D., b. Alego, Kenya [on the shores of Lake Victoria], … 1936, senior economist in the Kenyan Ministry of Finance, d. Nairobi, Kenya, … 1982, bur. Alego m. Maui, Hawaii, 2 Feb. 1961, div. filed Honolulu, Hawaii Jan. 1964
3 S[tanley] Ann Dunham, b. Wichita, Kansas, 29 Nov. 1942, d. Straub Clinic, Honolulu, Hawaii, 7 Nov. 1995 [SSDI 535-40-8522]
OPEN LETTER: [deleted]
[lprent: all very interesting. However it was a full cut and paste. And it wasn’t even up on Penny’s own site. Perhaps she should put it there and link to it from here with a teaser – like everyone else does. ]