The Government is desperate to make cuts in primary education, closing down special and residential schools and placing high needs children back into their local schools is the next initiative. These children will be supported by “wrap-around services”, but the question is, who will provide them? http://localbodies-bsprout.blogspot.co.nz/2012/06/wrap-around-services-unraveling.html
Poll out in the Herald on Sunday, the vast majority want to retain assets, so no surprise there. Apparently 60% of us want to buy shares, but there is no indication of how many can actually afford to buy the shares (5%?).
On preferred party polling, more trouble for Johnny Sparkles. The Herald is really, really reluctant to say it, but the tide is turning. Bear in mind, Key Research/HOS is the most optimistically blue tinged of the polling companies.
National: 47.9
Labour: 30.4
Greens: 14.8
No result recorded for NZF, but the commentary suggests their vote was below 5%. Peter Dunne is rightly hammered for his sin of ommision:
” … NZ First, Mana and Act have all taken a big hit. Peter Dunne’s United Future didn’t even register.”
National 47.9% (-8.5%)
Labour 30.4% (+6.2%)
Green 14.8% (+2.2%)
ACT 0.5% (nc)
Maori 1.7% (+1.1%)
United Future 0.0% (-0.3%)
Mana 0.2% (-0.1%)
NZ First 3.2% (-0.4%)
Conservative 0.8% (-0.6%)
National’s result is actually above it’s election % (same for Labour and Greens). Small party poll support tends to drop off between elections and doesn’t firm up until within a week or two of an election, as demonstrated by NZF. Can’t read much into that.
[nothing for His Hairness? A typo, surely. Because that last poll was just before the election and significantly out of line with it, the indication is that the Herald poll significantly over polls National and under polls Labour. So, it’s stupid to compare this result against the election result. With any single poll, you want to look at the trend in that poll, not the absolute numbers vs other measures of support. Eddie]
Trends are semi important for the large parties but there’s a lot of other factors – like how often the polls are taken, and when the last one was.
I doubt Winston Peters will give a hoot about the NZF trend. He targets one month prior to an election, the trend through that period is what’s criticval, the rest don’t matter.
UF have barely registered in most polls for yonks. That means little this far out. As does this:
Projected Seats
– United Future 1
A trend means more if the polls are close together, if they are a long time apart they mean much less.
From what I can see the previous HoS poll was 20.11.11, just prior to the election, where it had National on 56.4 and Labour on 24.2, Greens on 12.6 and NZF on 3.6 – that is nothing like the election result the following week.
Being seven months ago surely it’s hard to deduce any trend. And they only have one other poll listed, 14.10.11 – how reliable is a trend from three unevenly spaced polls where the first two were in totally different circumstances, in the lead up to an election?
100% correct Pete, the trend means more when they are close together. So what do 5 Roy Morgans, two or 3 from the telly and now the HoS all confirming National’s slide and UF’s demise coming together in just 3 months tell you?
“A trend means more if the polls are close together, if they are a long time apart they mean much less.”
Ok, you didn’t get it. The timing of the results is not some “other factor” apart from the trend, it’s part of what makes up the trend. Jeez, learn some fucking english, would you?
“From what I can see the previous HoS poll was 20.11.11, just prior to the election, where it had National on 56.4 and Labour on 24.2, Greens on 12.6 and NZF on 3.6 – that is nothing like the election result the following week. “
Which is exactly why you’re an idiot if you compare the recent poll with the election result and conclude that National’s support has risen. The HoS poll consistently overestimates National’s support.
It’s reasonable to assume, based on all available information over many polls, that National’s support is considerably lower than this poll indicates. Your own observation above supports this view, which is also consistent with the reasonable conclusions drawn from the trends of all other recent polls.
Spot on, eddie. If I recall correctly, one of the HoS polls before the election had National on 65% support, so their record is patchy at best. However, this one is in line with the last 5 Roy Morgans and the 2 or 3 tv polls over the last 3 months. UF’s dismal result in this poll is not a reflection of a mid term drop, it’s actually only 0.6% away from the actual vote cast in November and again, in line with what the other polls are saying about UF. And what they are saying is “oblivion”.
The real question for the next election is how well the maori party go. If they lose even one seat to Labour, it’s all over for Team Key.
I don’t like to sound overly optimistic but from my own crude rithmatic National are at present polling on the 43% mark,
That gambling site run by the Tories themselves has taken an even more pessimistic view of National as a betting option figuring them now at a miserable 41%, (to all extents and purposes gone-burger in 2014),
NZFirst below the 5%, thats got to be included this day for the humor content, even in its darkest days leading up to and at the 2008 election NZFirst held 4% of the vote,
Having said all that I see no need for any of us to become complacent and such figures should just give us all the impetus to provide even more vocal opposition to the Tories and the Slippery shyster from New York we have as Prime Minister,
What an incoming Government will face after the 2014 election is a Government debt stretched out to the point where further large scale borrowing by that Government becomes extremely problematic,
The view from here is that all opposition party’s should be looking further than simply a capital gains tax as an effort to stifle the speculation in housing,
The state of our economy in 2014/2015 is going to be such that a properly targeted Financial Transactions Tax is seen as the best means of producing surplus in the Government books as well as enabling the Government debt to be paid down,
I suggest that for capital expenditure on infrastructure and social housing Government need resort to creating such monies as needed…
On The Nation yesterday Winston Peters said that the Cullen Fund should be used to buy back the assets (when he’s in Government). That’s nonsense from WP.
The fact is the Cullen Fund is likely to buy as many shares as it can get (up to 10%) as soon as they go on the market.
Just another indication from WP of having the pension fund raided for other purposes then what it is meant for (I bet he is not the only one). In 20-30 years time there will be no money and people have to work til they are 70, perhaps even for all their lives (Dickensian). My god this is so mean and in the disguise of a “good cause”. Meanwhile NZ is becoming more and more an underdeveloped nation and all this with the nodding of the population. Pathetic really, but today’s comments on education are very revealing and do point in the direction NZ is moving.
Going back to Dave Kennedy’s comment, any more cuts and the illiteracy of the kids will even more increase. It would be nothing short of catastrophic for NZ. These comments below from an article this morning. http://www.stuff.co.nz/national/education/7159927/Writing-on-the-wall-for-illiterate-Kiwis
A 2006 survey found 43 per cent of adults with some sort of literacy issue, and half the population with numeracy difficulties.
The European Centre for the Development of Vocational Training says the number of low-skilled jobs will fall by 51 per cent this decade, while highly skilled jobs will increase only 21 per cent.
Last year 31 per cent of students left school without level 2 NCEA, the equivalent of Sixth Form Certificate.
This is the real issue because people who fall behind will not be able to build a future for their community. Looking at other comments on this site, they will not be able to research issues like Asset Sales, they will be easier manipulated by social media and advertising. This is also a reason why the “rich” or whoever can afford it (be it with 3 jobs going) send their kids to private schools.
The European Centre for the Development of Vocational Training says the number of low-skilled jobs will fall by 51 per cent this decade, while highly skilled jobs will increase only 21 per cent.
Uh, highly skilled jobs are going to China and India. Highly skilled does not have to mean here and highly paid.
This report was about NZ and its education outcome. Sorry, but the number of people not able to string a sentence or able to calculate without any aid (provided the can read!) is rising. To get skilled means literate and able to be trained. How do you propose to change the future if the kids are not held on to the learn the basics? There is a worldwide shift from low or no skill where one can get by illiterate. This will and has changed to demands of better educational outcomes to operate the equipment that is provided and more and more hi tech. Read the article and you will understand what I try to say.
Basic literacy and numeracy are key, yes. But in the context that the future is going back to the past, FW. We will need fitter turners more than we will need semiconductor engineers.
And we need an education which arms children with social and communication skills primarily, not “high tech” skills.
BTW ever see a 50 year old use an iPhone or a Windows PC?
That 50 year old was in primary school in 1970. No computers, no internet. No problem.
Argh yes the “knowledge economy”, going along well isn’t it…NZ is forging ahead, along with the rest of the western nations. We can tell from the swaths of out of work young/graduates, as the economies of the world in real terms, have failed, on the back end of the money men cartels!!
FW – Don’t be fooled into thinking that the “tech” is the saviour os us, it simply is not, and will not be.
In fact the more the tech advances, the more stripped down the hunan being becomes, far from the direction most believe that all the “tech’ is taking us…
I was out of cash and needed some money to get by, so I thought I’d sell my car.
A mate of mine said he’d buy it.
It had a full tank of gas, new tyres and the engine ran ok.
I sold it to him for $100.
He used it as a taxi and made heaps of money.
After a while- having to pay my mate to get around, I realised that I needed a car of my own after all.
My mate said I could have my old car back.
The gas tank was empty, the tyres were worn out and the engine was stuffed.
He said I could buy it back for $200.
So far it’s cost me a lot for repairs and still doesn’t run very well,
but at least I’ve got my car back again.
Pretty good value, eh?!
My Asset Sales Story
I sold a car once, and some other assets, to raise a deposit to buy a house. After a while, as I paid off some of the mortgage and inflation and promotion raised my earning, I was able to buy a better car again.
So explain to me how selling what produces our earnings will give us a promotion and a pay increase.
The car you sold was a cost and the other assets were non income producing.
A more accurate analogy would be to have sold your body to a pimp who then used it to generate their own income. After several years your body was worn out and no use to the pimp and you had to pay lots of money to put it right again. The pimp meanwhile kept his money.
PG if your story bore any resemblance to government policy I don’t see it. National (+ klingon parties) won’t use the proceeds to improve NZ’s asset portfolio, they are just going to juice the budget for a few years and then there will be nothing to show for it.
So, Pete, do you think this government is planning to sell the shares in the power companies and in AirNZ, use the funds to reduce debt, and then buy those shares back when things are considered to be looking a bit better?
Rather than going into government coffers, most of the profits head directly overseas. The government woud have made much more money keeping the asset rather than selling it for a one-off payment. And it’s pretty much the most expensive power company in the consumer electricity market.
Thanks for pointing out what a stupid idea selling any other assets would be, pete. Care to share it with the hair-do?
It’s a perfectly valid analogy, Pete. It points out that Dunne and Key want to sell income generating assets and spend the money on non-income generating assets, or worse still on the general running costs of the country.
I know you’re not very good at analogies though. From the way I’ve seen you try to interpret them before, you’re probably thinking ‘what an idiot, the govt hasn’t said anything about buying petrol…’
As for PG What a limp apology for a comment with an underlying theme that goes like this. “I am so clever that I can manage my affairs so well that I don’t feel hardship because I am so clever and hard working, which is all that is needed in this life to succeed. Every clever boy knows that.”
Why is my comment that I put on at 11.15 a.m. after ropata not up there at 9.1.2 where it has some relevance? Instead I have gone down to 9.2 below felix’s at 6.18p.m. It’s makes the comment irrelevant to be so distant from the origin.
Would someone have time to explain how I can avoid this. You might note that I headed my original comment with ropata’s name so tied it, I thought, to the one I was replying to.
Probably other people have had this same thing occurring. It is annoying and makes commenting on comments a waste of time and discouraging. Is that the intention?
ropata
So this means that I should have replied to PG and then added comment to you at the end of one to PG so I could get in cooee of your comment. This is strategic – I’ll have to make plans for my future forays into the blogosphere.
A report on Radionz yesterday on the state of the Spanish oil industry. It is being ruined by the buying power of supermarkets who use this popular and needed item as a loss leader thus forcing down profits for the growers. Also the fudging of labelling to give the idea of higher quality.
Pure virgin labelling should show Acidity 0.3% but the marketing companies extend this classification by adding more processed oil giving 0.3 to 1% acidity, not virgin oil at all. The price being paid in general isn’t enough to fund the already low-paid work force using traditional gathering by shaking the olive branches to drop the fruit on mats underneath. This method allows the good ripening and flavour of good oil.
Australian supermarkets have used milk as a loss leader and had a price war between them for which apparently they didn’t bear the cost. They recouped losses by reducing the prices that farmers thought they were to receive under contract.
This is not new, the Spanish olive oil industry has been monitored for this reason for quite a while now. Don’t forget, Spaniards or for that matter Mediterranean Countries use Olive oil like we do canola and butter. But now that the new owners, the ones who bailed the country out, are in charge this kind of thing will surface. But don’t get fooled, the practice of “loss leader” marketing is well established and works in NZ too – look at the alcohol sales. All it means is that there is a war of shareholding in the food market on and we are the pawns on both side of the equation. We pay less and have no job, no income. So the price has to be cut to “loss leader” level, etc.
Foreign waka
Mmmm too true. Another thing that happens when these food price wars continue is that quality and good nutrition can be lost in favour of cheaper manufacturing procedures, longer shelf life, and poorer quality ingredients.
Already done, look at the “pink slime” mince issue in the US, just the tip of the iceberg. All these long name ingredients which – I would not be surprised to find this with 90% – are industrial waste. Toothpaste – fluoride is one of them.
Shame on the Corrections Department for the conditions they are imposing on prisoners. The prisoners are held at great expense to the taxpayers. They are usually not held for life, but let out eventually back into society – where many continue the schemes their twisted minds obssess about on one part of society, females but not forgetting children animals and old people or foreigners with perceived assets. The so-called Corrections Department doesn’t match its name. It doesn’t attempt to correct just to punish with prisoners locked in for 23 hours a day, with nothing to do. Let’s get it straight, that the Department is the Punishment Department and is an expensive, inefficient and dangerous method of dealing with criminals, dangerous to society. And they should now be allowing Peter Williams Lawyer and rep for the Howard League to talk to the stressed prisoners in the tower.
This is an inhuman, backward way to treat these people. The serially bad should be kept under life control on prison farms where they can work to grow prison food. All should be enabled to learn some skill or project interesting to them (not involving the making of weapons or studying warfare – they already know violence and callousness intimately). The others should go straight into a series of projects with limited time frames, which are not hard to accomplish. These would be chosen to suit their needs and they would pick from such a group.
Learning is hard work and would be a shock to the system for many. By doing something, first based on theoretical or philosophical teaching, then followed by a practical, hands-on thing they would pass the time productively for all, and eventually it would entertain them. Also, the sentence would be suspended when they had achieved a certain number, some being basic school programs they had missed.
Simple sayings, trite or cliche often say it all. The devil makes work for idle hands. Add to that my observation that people are like lettuces, once cut off from good nurturing, they wither. We are just as perishable as lettuces and need care to grow well.
I said that Correction Department doesn’t try to help prisoners, but that is not so, now I think about it. Someone will defend them saying that they do run projects to guide some of their prisoners to better thinking and behaviour. However they then spoil this positive by reducing the remaining humanity in their prisoners until they are full of anger or despair, and then more likely to erupt and strike, injure, kill in prison and out.
This 23 hour lock-up, multiple bunking attitude comes from High Society who wouldn’t demean themselves to commit such coarse criminality, aiming for a higher more complex type. These people are the product of their environment with some nature in the mix. Three ways to improve – one get beside parents with help and respect for the task, two limit addiction suppliers, legalise and tax and control and monitor their businesses, three to encourage prisoners to envisage a different path which would be better for them and society and then give them the help to achieve it.
This 23 hour lock-up, multiple bunking attitude comes from High Society who wouldn’t demean themselves to commit such coarse criminality,
Exactly, and that fits with the way the whole thing was being reported on Radio NZ… ‘They’ll come down when they get sick of it’ as if prisoners are naughty children! ‘They want to see Peter Williams, but we won’t let them’ (because Corrections has its own trained negotiators there… and that seems to be working so well!)
Community Action on Suicide Prevention Education and Research founder Maria Bradshaw […]says the ministry does not disclose the questionnaire’s real purpose to parents, and discourages those conducting the test to tell parents if their child’s scores are borderline or abnormal.
Since 2008 Pharmac figures show a 140 per cent increase in antidepressant prescriptions for 0 to 4-year-olds between 2009 and 2010, and an average 10 per cent increase in mood-stabilising drug prescriptions in the last five years for children aged five and over.
Giving anti-depressants to toddlers is totally wrong IMO – the drugs can be toxic, create dependence and too little is know about the effects on developing brains.
Big pharma may be looking for another market for its wares but that is not a good reason for letting them experiment on NZ’s kids.
The deliberate deception from the ministry and the instruction to those conducting tests to with-hold information from parents is totally unacceptable.
CL – Indeed this issue in fact goes back furher with CASPER playing a key role in keeping it in the public eye.
The use of psychotropic drugs, as it relates to the suicides of young Kiwis is a key issue. Now it looks like they are trying to get the kids hooked up even sooner, and who does this benefit overall – Big Pharma!
Bradshaw, the founder of Casper – Community Action on Suicide Prevention Education and Research – calls the associate minister of health, “Peter Dunne Nothing”, because she says that in the four years he has been responsible for suicide prevention in government “he has done absolutely nothing”.
Giving anti-depressants to toddlers is totally wrong IMO – the drugs can be toxic, create dependence and too little is know about the effects on developing brains.
Drugs should be the last resort IMO. Change of diet is probably the first one and then looking to care, involvement and environment.
Every individual needs a chance to become a person without medical intervention in the form of a psychotropic drug, especially at such young ages. Tests that normalise such interventions are not solving any problems, they are creating them.
I was talking about toddlers, and the “children aged five and over” referred to in the article who are a bit too young to be on the booze – but you have kindly illustrated my point – which was that if your kid ‘fails’ one of these ‘tests’ then next thing you know someone like BernyD is labelling them a future street corner dweller or alcoholic.
The use of psychotropic drugs, as it relates to the suicides of young Kiwis is a key issue. Now it looks like they are trying to get the kids hooked up even sooner, and who does this benefit overall – Big Pharma!</
This is what I mean by applying science.
The Devil is a known commodity, it can be observed, recorded, analysed.
The street corner or bar tender are not.
If everyone in NZ was happy to talk to a professional personality observer, they would find their lives a lot easier to understand.
It may scare them, but at least they’d know why.
And trust me when I say the Devil drug dealer is no psychiatrist all he wants is money.
Furthermore most kids from troubled backgrounds start drinking very young as well.
I include myself in that category, and would’ve appreciated qualified help.
Andrew Little is making a mistake is proposing that the ACC funding model be changed. The ACC has an investment portfolio of about $20b. DO NOT give the Nats a chance to liquidate that: it will only result in tax reduction for the top earners and cost reduction for employers. Andrew Little is taking a short term view, and Shearer will sit on the fence.
The ACC funded model is a Labour Party inter-generational treasure for our children. Like the Hydro Dams, it is wrong cash them in. Pull your head in Andrew Little, show some leadership Shearer.
“But the party’s ACC spokesman, Andrew Little, said it was time for a public debate about funding options, with recent controversy highlighting ACC’s overemphasis on lowering costs rather than meeting claimants’ needs. Under full funding the corporation builds up reserves to cover the current and future costs of existing claims, and is aiming to reach that goal by 2019.” http://www.stuff.co.nz/national/politics/7125792/Premiums-may-drop-in-ACC-rethink
I agree KM that ACC’s reserves should be maintained. Otherwise our young will not only be paying for our future superannuation but also paying for our accidents and our hospital bills …
No matter what the actual costs will have to be met from available resources. What this means in practical terms is an effective slack in the economy that can meet emergency situations. No amount of saving money will change that and, in fact, saving money makes it look like things can be done without diverting from other economic activity. I,e, Christchurch isn’t being rebuilt partially because the saved money isn’t generating a diversion from other economic activity.
Saving money is delusional but, then, our entire financial/economic system is delusional.
It’s not delusional. Each ACC account has its own investment fund and our levies have been topping them up so the income from investments can pay the future cost of existing claims.
To give you an idea what it’s worth; in 2011 investments returned very high sums because of recovering markets but if we discount it back to the risk-free rate of around 5% ACC investment accounts in 2011 would have paid 34% of the work account costs, 24% of the earners account and 49% of the motor vehicle account. That’s total cash outgoings too, including claims and all expenses. The percentages will get higher each year as surpluses are reinvested. That’s what we stand to lose if they nobble our ACC assets and change to pay as you go.
KM
Perhaps there could be an amendment from full to a part-funding model so that we don’t have to carry all tomorrow’s inflated costs on our shoulders today. Even small annual inflation, which is going to happen in a thriving economy, does mount up and we meet its cost as we go along.
Prism, there might be a valid case to move the target date out a few more years. But to remove that strategic target for short term reasons is as much intergenerational theft as selling the Hydro Dams.
Totally with your point KhandallahMan. I was equally pretty shocked to hear Kevin Hague of the Greens suggest that the Greens would simply liquidate the ACC fund, in order to stop a National government from using the fund to privatize ACC. Pretty odd kind of “salt the wells and burn the villages” kind of logic there.
If ACC’s goal really is to be self-funding, I presume that to mean that they generate a fund large enough that the levies will decrease. That’s a cost off business, and a cost of the injured, and a massive cost off the health system. That’s worth keeping a massive fund for.
Little is also spectacularly dumb if he wants to tamper with it. What Labour should avoid is moving from a simple political target (getting a few politicians fired), to a policy one in which they have no clue what success would look like (let’s reinvent ACC).
Labour have no clear policy on this, and you should not re-write an intergenerational contract on the fly.
It’s pretty obvious what it’s about. If they make ACC pay as you go then they can make the outstanding claims liability (OCL) disappear at the stroke of a pen. Presently it’s protected because of accounting rules, if they nobble any of our ACC cash it goes on the books as a deficit. Change the rules and they can grab the cash, book it as a surplus, and leave us paying extortionate levies for an ACC we’ve already paid for.
Neither the left nor the right political parties can be trusted on this IMO. The right want to sell off ACC so they can loot the kitty & enrich themselves, the left want to loot the kitty so they can spend more. It’s the best scheme of its type in the world and they’re all hell-bent on wrecking it for their own selfish ends.
The ACC is a Treasure! A Taonga. Some idiots from National are dicking around with it. The Nats want to sell it or wreck it. Labour should be very very carful not to undermine the unique value proposition of a properly funded ACC. Other countries are copying the historic Labour model.
Hague and the Greens have no maturity of policy development in this space. Andrew Little needs to engage with more experienced MPs and Party policy makers before shooting from the hip in public.
He deserves a good bollicking at the next caucus meeting.
Just imagine if we had a sovereign investment fund that included the ACC fund, the EQC fund, a public Kiwisaver option, and the NZSuperFund, and the (remaining) state companies. Perhaps in part managed by Kiwibank.
Something even bigger than Temasek or Harvard Pension, roaming the earth owning chunks of massive companies, investing with ethical and long term purpose.
Not just producing milk and cheese, but owning supermarket chains.
Not just converting to wind farms, but buying out the turbine manufacturer.
At every point, aggregating the public resources we have into single common purpose.
And imagine that fund being used to enable policy outcomes; a free health system, a fully resilient set of cities, a more confident NZSuperannuation.
The Greens(!) are the only party that have proposed such a fund, well they at least they promised to look into whether one would be worth investigating 🙂 While National just want to use our mineral wealth to subsidize tax cuts for the rich. Kinda what Thatcher did with North Sea gas…
Epic, and surprisingly uplifting. A great topic for defeatists and catastrophists in that he reaffirms individual human agency and choice, both through his own story and through railing against immoral kinds of government. Loved it.
I’d say that’s a serious concern. Was the release of cyanide gas from the grass an effect of the genetic modification or just a random mutation due to local drought conditions?
And sorghum is a popular feed and could have been GMO. The item about the dead cows said that others have had this trouble from the same Tifton85 type. However it shows up on google as a hybrid grass which happens more through breeding and crossing strains than adding and subtracting genetic material of various sorts.
In my humble opinion, today concludes the end of the first chapter of the Egyptian revolution. I know that other people have it divided into sections in regards to original 18 days, elections, parliament and presidential elections, but I don’t subscribe to that. We went into the revolution with the same thinking that people like me had back in 2005: we must remove Mubarak, stop his son from inheriting us, and get democratic elections. All of us had those goals and not a single vision on what to do afterwards, because the removal of Mubarak was such a pipedream. So, you successfully dethrone a tyrant, and you have neither plan nor vision on what to do afterwards, and no real understanding of the regime itself, then, quite naturally, you fall flat on your face, and we have been doing that for the past 18 months. This has been our story: the removal of a dictator and the repercussions that follow. That’s what’s been happening. This ends today, and the new chapter starts, for better or worse
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Photo by Towfiqu barbhuiya on UnsplashHere’s what we’re watching in the week to February 16 and beyond in Aotearoa’s political economy around housing, climate and poverty:Monday, February 10The Kākā’s weekly wrap-up of news about politics and the economy is due at midday, followed by webinar for paying subscribers in Substack’s ...
A listing of 23 news and opinion articles we found interesting and shared on social media during the past week: Sun, February 2, 2025 thru Sat, February 8, 2025. This week's roundup is again published soleley by category. We are still interested in feedback to hone the categorization, so if ...
Today, I stumbled across a Twitter Meme: the ending of The Lord of the Rings as a Chess scenario: https://x.com/mellon_heads/status/1887983845917564991 It gets across the basic gist. Aragorn and Gandalf offering up ‘material’ at the Morannon allows Frodo and Samwise to catch Sauron unawares – fair enough. But there are a ...
Last week, Kieran McAnulty called out Chris Bishop and Nicola Willis for their claims that Kāinga Ora’s costs were too high.They had claimed Kāinga Ora’s cost were 12% higher than market i.e. private devlopersBut Kāinga Ora’s Chair had already explained why last year:"We're not building to sell, so we'll be ...
Stuff’s Political Editor Luke Malpass - A Fellow at New Zealand IniativeLast week I half-joked that Stuff / The Post’s Luke Malpass1 always sounded like he was auditioning for a job at the New Zealand Initiative.Mountain Tui is a reader-supported publication. For a limited time, subscriptions are 20% off. Thanks ...
At a funeral on Friday, there were A4-sized photos covering every wall of the Dil’s reception lounge. There must have been 200 of them, telling the story in the usual way of the video reel but also, by enlargement, making it more possible to linger and step in.Our friend Nicky ...
Skeptical Science is partnering with Gigafact to produce fact briefs — bite-sized fact checks of trending claims. This fact brief was written by Sue Bin Park from the Gigafact team in collaboration with members from our team. You can submit claims you think need checking via the tipline. Is methane the ...
The Government’s idea is that the private sector and Community Housing Providers will fund, build and operate new affordable housing to address our housing crisis. Meanwhile, the Government does not know where almost half of the 1,700 children who left emergency housing actually went. Photo: Lynn Grieveson / The KākāLong ...
Oh, home, let me come homeHome is wherever I'm with youOh, home, let me come homeHome is wherever I'm with youSongwriters: Alexander Ebert / Jade Allyson CastrinosMorena,I’m on a tight time frame this morning. In about an hour and a half, I’ll need to pack up and hit the road ...
This is a post about the Mountain Tui substack, and small tweaks - further to the poll and request post the other day. Please don’t read if you aren’t interested in my personal matters. Thank you all.After oohing-and-aahing about how to structure the Substack model since November, including obtaining ...
This transcript of a recent conversation between the Prime Minister and his chief economic adviser has not been verified.We’ve announced we are the ‘Yes Government’. Do you like it?Yes, Prime Minister.Dreamed up by the PR team. It’s about being committed to growth. Not that the PR team know anything about ...
The other day, Australian Senator Nick McKim issued a warning in the Australian Parliement about the US’s descent into fascim.And of course it’s true, but I lament - that was true as soon as Trump won.What we see is now simply the reification of the intention, planning, and forces behind ...
Among the many other problems associated with Musk/DOGE sending a fleet of teenage and twenty-something cultists to remove, copy and appropriate federal records like social security, medicaid and other supposedly protected data is the fact that the youngsters doing the data-removal, copying and security protocol and filter code over-writing have ...
Jokerman dance to the nightingale tuneBird fly high by the light of the moonOh, oh, oh, JokermanSong by Bob Dylan.Morena folks, I hope this fine morning of the 7th of February finds you well. We're still close to Paihia, just a short drive out of town. Below is the view ...
It’s been an eventful week as always, so here’s a few things that we have found interesting. We also hope everyone had a happy and relaxing Waitangi Day! This week in Greater Auckland We’re still running on summer time, but provided two chewy posts: On Tuesday, a guest ...
Queuing on Queen St: the Government is set to announce another apparently splashy growth policy on Sunday of offering residence visas to wealthy migrants. Photo: Lynn Grieveson / The KākāLong stories short, the top six things in our political economy around housing, climate and poverty on Friday, February 7:PM Christopher ...
The fact that Waitangi ended up being such a low-key affair may mark it out as one of the most significant Waitangi Days in recent years. A group of women draped in “Toitu Te Tiriti” banners who turned their backs on the politicians’ powhiri was about as rough as it ...
Hi,This week’s Flightless Bird episode was about “fake seizure guy” — a Melbourne man who fakes seizures in order to get members of the public to sit on him.The audio documentary (which I have included in this newsletter in case you don’t listen to Flightless Bird) built on reporting first ...
This is a re-post from Yale Climate Connections by Karin Kirk The 119th Congress comes with a price tag. The oil and gas industry gave about $24 million in campaign contributions to the members of the U.S. House and Senate expected to be sworn in January 3, 2025, according to a ...
Early morning, the shadows still long, but you can already feel the warmth building. Our motel was across the road from the historic homestead where Henry Williams' family lived. The evening before, we wandered around the gardens, reading the plaques and enjoying the close proximity to the history of the ...
Thanks folks for your feedback, votes and comments this week. I’ll be making the changes soon. Appreciate all your emails, comments and subscriptions too. I know your time is valuable - muchas gracias.A lot is happening both here and around the world - so I want to provide a snippets ...
Data released today by Statistics NZ shows that unemployment rose to 5.1%, with 33,000 more people out of work than last year said NZCTU Te Kauae Kaimahi Economist Craig Renney. “The latest data shows that employment fell in Aotearoa at its fastest rate since the GFC. Unemployment rose in 8 ...
The December labour market statistics have been released, showing yet another increase in unemployment. There are now 156,000 unemployed - 34,000 more than when National took office. And having thrown all these people out of work, National is doubling down on cruelty. Because being vicious will somehow magically create the ...
Boarded up homes in Kilbirnie, where work on a planned development was halted. Photo: Lynn Grieveson / The KākāLong stories short, the top six things in our political economy around housing, climate and poverty on Wednesday, February 5 are;Housing Minister Chris Bishop yesterday announcedKāinga Ora would be stripped of ...
This week Kiwirail and Auckland Transport were celebrating the completion of the summer rail works that had the network shut or for over a month and the start of electric trains to Pukekohe. First up, here’s parts of the press release about the shutdown works. Passengers boarding trains in Auckland ...
Through its austerity measures, the coalition government has engineered a rise in unemployment in order to reduce inflation while – simultaneously – cracking down harder and harder on the people thrown out of work by its own policies. To that end, Social Development Minister Louise Upston this week added two ...
This year, we've seen a radical, white supremacist government ignoring its Tiriti obligations, refusing to consult with Māori, and even trying to legislatively abrogate te Tiriti o Waitangi. When it was criticised by the Waitangi Tribunal, the government sabotaged that body, replacing its legal and historical experts with corporate shills, ...
Poor old democracy, it really is in a sorry state. It would be easy to put all the blame on the vandals and tyrants presently trashing the White House, but this has been years in the making. It begins with Margaret Thatcher and Ronald Reagan and the spirit of Gordon ...
The new school lunches came in this week, and they were absolutely scrumptious.I had some, and even though Connor said his tasted like “stodge” and gave him a sore tummy, I myself loved it!Look at the photos - I knew Mr Seymour wouldn’t lie when he told us last year:"It ...
The tighter sanctions are modelled on ones used in Britain, which did push people off ‘the dole’, but didn’t increase the number of workers, and which evidence has repeatedly shown don’t work. Photo: Lynn Grieveson / The KākāLong stories short, the top six things in our political economy around housing, ...
Catching you up on the morning’s global news and a quick look at the parallels -GLOBALTariffs are backSharemarkets in the US, UK and Europe have “plunged” in response to Trump’s tariffs. And while Mexico has won a one month reprieve, Canada and China will see their respective 25% and 10% ...
This post by Nicolas Reid was originally published on Linked in. It is republished here with permission. Gondolas are often in the news, with manufacturers of ropeway systems proposing them as a modern option for mass transit systems in New Zealand. However, like every next big thing in transport, it’s hard ...
This is a re-post from The Climate BrinkBoth 2023 and 2024 were exceptionally warm years, at just below and above 1.5C relative to preindustrial in the WMO composite of surface temperature records, respectively. While we are still working to assess the full set of drivers of this warmth, it is clear that ...
Hi,I woke up feeling nervous this morning, realising that this weekend Flightless Bird is going to do it’s first ever live show. We’re heading to a sold out (!) show in Seattle to test the format out in front of an audience. If it works, we’ll do more. I want ...
From the United-For-Now States of America comes the thrilling news that a New Zealander may be at the very heart of the current coup. Punching above our weight on the world stage once more! Wait, you may be asking, what New Zealander? I speak of Peter Thiel, made street legal ...
Even Stevens: Over the 33 years between 1990 and 2023 (and allowing for the aberrant 2020 result) the average level of support enjoyed by the Left and Right blocs, at roughly 44.5 percent each, turns out to be, as near as dammit, identical.WORLDWIDE, THE PARTIES of the Left are presented ...
Back in 2023, a "prominent political figure" went on trial for historic sex offences. But we weren't allowed to know who they were or what political party they were "prominent" in, because it might affect the way we voted. At the time, I said that this was untenable; it was ...
I'm going, I'm goingWhere the water tastes like wineI'm going where the water tastes like wineWe can jump in the waterStay drunk all the timeI'm gonna leave this city, got to get awayI'm gonna leave this city, got to get awayAll this fussing and fighting, man, you know I sure ...
Waitangi Day is a time to honour Te Tiriti o Waitangi and stand together for a just and fair Aotearoa. Across the motu, communities are gathering to reflect, kōrero, and take action for a future built on equity and tino rangatiratanga. From dawn ceremonies to whānau-friendly events, there are ...
Subscribe to Mountain Tūī ! Where you too can learn about exciting things from a flying bird! Tweet.Yes - I absolutely suck at marketing. It’s a fact.But first -My question to all readers is:How should I set up the Substack model?It’s been something I’ve been meaning to ask since November ...
Here’s the key news, commentary, reports and debate around Aotearoa’s political economy on politics and in the week to Feb 3:PM Christopher Luxon began 2025’s first day of Parliament last Tuesday by carrying on where left off in 2024, letting National’s junior coalition partner set the political agenda and dragging ...
The PSA have released a survey of 4000 public service workers showing that budget cuts are taking a toll on the wellbeing of public servants and risking the delivery of essential services to New Zealanders. Economists predict that figures released this week will show continued increases in unemployment, potentially reaching ...
The Prime Minister’s speech 10 days or so ago kicked off a flurry of commentary. No one much anywhere near the mainstream (ie excluding Greens supporters) questioned the rhetoric. New Zealand has done woefully poorly on productivity for a long time and we really need better outcomes, and the sorts ...
President Trump on the day he announced tariffs against Mexico, Canada and China, unleashing a shock to supply chains globally that is expected to slow economic growth and increase inflation for most large economies. Photo: Getty ImagesLong stories short, the top six things in our political economy around housing, climate ...
Photo by Towfiqu barbhuiya on UnsplashHere’s what we’re watching in the week to February 9 and beyond in Aotearoa’s political economy around housing, climate and poverty:Monday, February 3Politics: New Zealand Government cabinet meeting usually held early afternoon with post-cabinet news conference possible at 4 pm, although they have not been ...
Trump being Trump, it won’t come as a shock to find that he regards a strong US currency (bolstered by high tariffs on everything made by foreigners) as a sign of America’s virility, and its ability to kick sand in the face of the world. Reality is a tad more ...
A listing of 24 news and opinion articles we found interesting and shared on social media during the past week: Sun, January 26, 2025 thru Sat, February 1, 2025. This week's roundup is again published soleley by category. We are still interested in feedback to hone the categorization, so if ...
What seems to be the common theme in the US, NZ, Argentina and places like Italy under their respective rightwing governments is what I think of as “the politics of cruelty.” Hate-mongering, callous indifference in social policy-making, corporate toadying, political bullying, intimidation and punching down on the most vulnerable with ...
If you are confused, check with the sunCarry a compass to help you alongYour feet are going to be on the groundYour head is there to move you aroundSo, stand in the place where you liveSongwriters: Bill Berry / Michael Mills / Michael Stipe / Peter Buck.Hot in the CityYesterday, ...
Shane Jones announced today he would be contracting out his thinking to a smarter younger person.Reclining on his chaise longue with a mouth full of oysters and Kina he told reporters:Clearly I have become a has-been, a palimpsest, an epigone, a bloviating fossil. I find myself saying such things as: ...
Warning: This post contains references to sexual assaultOn Saturday, I spent far too long editing a video on Tim Jago, the ACT Party President and criminal, who has given up his fight for name suppression after 2 years. He voluntarily gave up just in time for what will be a ...
Skeptical Science is partnering with Gigafact to produce fact briefs — bite-sized fact checks of trending claims. This fact brief was written by Sue Bin Park from the Gigafact team in collaboration with members from our team. You can submit claims you think need checking via the tipline. Is global warming ...
Our low-investment, low-wage, migration-led and housing-market-driven political economy has delivered poorer productivity growth than the rest of the OECD, and our performance since Covid has been particularly poor. Photo: Lynn Grieveson / The KākāLong stories short, the top six things in our political economy around housing, climate and poverty this ...
..Thanks for reading Frankly Speaking ! Subscribe for free to receive new posts and support my work.As far as major government announcements go, a Three Ministers Event is Big. It can signify a major policy development or something has gone Very Well, or an absolute Clusterf**k. When Three Ministers assemble ...
One of those blasts from the past. Peter Dunne – originally neoliberal Labour, then leader of various parties that sought to work with both big parties (generally National) – has taken to calling ...
Completed reads for January: I Am Legend, by Richard Matheson The Black Spider, by Jeremias Gotthelf The Spider and the Fly (poem), by Mary Howitt A Noiseless Patient Spider (poem), by Walt Whitman August Heat, by W.F. Harvey Charlotte’s Web, by E.B. White The Shrinking Man, by Richard Matheson ...
Do its Property Right Provisions Make Sense?Last week I pointed out that it is uninformed to argue that the New Zealand’s apparently poor economic performance can be traced only to poor regulations. Even were there evidence they had some impact, there are other factors. Of course, we should seek to ...
Richard Wagstaff It was incredibly jarring to hear the hubris from the Prime Minister during his recent state of the nation address. I had just spent close to a week working though the stories and thoughts shared with us by nearly 2000 working people as part of our annual Mood ...
Odd fact about the Broadcasting Standards Authority: for the last few years, they’ve only been upholding about 5% of complaints. Why? I think there’s a range of reasons. Generally responsible broadcasters. Dumb complaints. Complaints brought under the wrong standard. Greater adherence to broadcasters’ rights to freedom of expression in the ...
And I said, "Mama, mama, mama, why am I so alone"'Cause I can't go outside, I'm scared I might not make it homeWell I'm alive, I'm alive, but I'm sinking inIf there's anyone at home at your place, darlingWhy don't you invite me in?Don't try to feed me'Cause I've been ...
New Zealand First has introduced a Member’s Bill aimed at preventing banks from refusing their services to businesses because of the current “Environmental, Social, and Governance (ESG) Framework”. “This Bill ensures fairness and prevents ESG standards from perpetuating woke ideology in the banking sector being driven by unelected, globalist, climate ...
Erica Stanford has reached peak shortsightedness if today’s announcement is anything to go by, picking apart immigration settings piece by piece to the detriment of the New Zealand economy. ...
Our originating document, theTreaty of Waitangi, was signed on February 6, 1840. An agreement between Māori and the British Crown. Initially inked by Ngā Puhi in Waitangi, further signatures were added as it travelled south. The intention was to establish a colony with the cession of sovereignty to the Crown, ...
Te Whatu Ora Chief Executive Margie Apa leaving her job four months early is another symptom of this government’s failure to deliver healthcare for New Zealanders. ...
The Green Party is calling for the Prime Minister to show leadership and be unequivocal about Aotearoa New Zealand’s opposition to a proposal by the US President to remove Palestinians from Gaza. ...
The latest unemployment figures reveal that job losses are hitting Māori and Pacific people especially hard, with Māori unemployment reaching a staggering 9.7% for the December 2024 quarter and Pasifika unemployment reaching 10.5%. ...
Waitangi 2025: Waitangi Day must be community and not politically driven - Shane Jones Our originating document, theTreaty of Waitangi, was signed on February 6, 1840. An agreement between Māori and the British Crown. Initially inked by Ngā Puhi in Waitangi, further signatures were added as it travelled south. ...
Despite being confronted every day with people in genuine need being stopped from accessing emergency housing – National still won’t commit to building more public houses. ...
The Green Party says the Government is giving up on growing the country’s public housing stock, despite overwhelming evidence that we need more affordable houses to solve the housing crisis. ...
Before any thoughts of the New Year and what lies ahead could even be contemplated, New Zealand reeled with the tragedy of Senior Sergeant Lyn Fleming losing her life. For over 38 years she had faithfully served as a front-line Police officer. Working alongside her was Senior Sergeant Adam Ramsay ...
Green Party co-leader Marama Davidson will return to politics at Waitangi on Monday the 3rd of February where she will hold a stand up with fellow co-leader Chlöe Swarbrick. ...
Te Pāti Māori is appalled by the government's blatant mishandling of the school lunch programme. David Seymour’s ‘cost-saving’ measures have left tamariki across Aotearoa with unidentifiable meals, causing distress and outrage among parents and communities alike. “What’s the difference between providing inedible food, and providing no food at all?” Said ...
The Government is doubling down on outdated and volatile fossil fuels, showing how shortsighted and destructive their policies are for working New Zealanders. ...
Green Party MP Steve Abel this morning joined Coromandel locals in Waihi to condemn new mining plans announced by Shane Jones in the pit of the town’s Australian-owned Gold mine. ...
The Green Party is calling on the Government to strengthen its just-announced 2030-2035 Nationally Determined Contribution (NDC) under the Paris Agreement and address its woeful lack of commitment to climate security. ...
Today marks a historic moment for Taranaki iwi with the passing of the Te Pire Whakatupua mō Te Kāhui Tupua/Taranaki Maunga Collective Redress Bill in Parliament. "Today, we stand together as descendants of Taranaki, and our tūpuna, Taranaki Maunga, is now formally acknowledged by the law as a living tūpuna. ...
Labour is relieved to see Children’s Minister Karen Chhour has woken up to reality and reversed her government’s terrible decisions to cut funding from frontline service providers – temporarily. ...
It is the first week of David Seymour’s school lunch programme and already social media reports are circulating of revolting meals, late deliveries, and mislabelled packaging. ...
The Green Party says that with no-cause evictions returning from today, the move to allow landlords to end tenancies without reason plunges renters, and particularly families who rent, into insecurity and stress. ...
The Government’s move to increase speed limits substantially on dozens of stretches of rural and often undivided highways will result in more serious harm. ...
In her first announcement as Economic Growth Minister, Nicola Willis chose to loosen restrictions for digital nomads from other countries, rather than focus on everyday Kiwis. ...
The Government’s commitment to get New Zealand’s roads back on track is delivering strong results, with around 98 per cent of potholes on state highways repaired within 24 hours of identification every month since targets were introduced, Transport Minister Chris Bishop says. “Increasing productivity to help rebuild our economy is ...
The former Cadbury factory will be the site of the Inpatient Building for the new Dunedin Hospital and Health Minister Simeon Brown says actions have been taken to get the cost overruns under control. “Today I am giving the people of Dunedin certainty that we will build the new Dunedin ...
From today, Plunket in Whāngarei will be offering childhood immunisations – the first of up to 27 sites nationwide, Health Minister Simeon Brown says. The investment of $1 million into the pilot, announced in October 2024, was made possible due to the Government’s record $16.68 billion investment in health. It ...
New Zealand’s strong commitment to the rights of disabled people has continued with the response to an important United Nations report, Disability Issues Minister Louise Upston has announced. Of the 63 concluding observations of the United Nations Convention on the Rights of Persons with Disabilities (UNCRPD), 47 will be progressed ...
Resources Minister Shane Jones has launched New Zealand’s national Minerals Strategy and Critical Minerals List, documents that lay a strategic and enduring path for the mineral sector, with the aim of doubling exports to $3 billion by 2035. Mr Jones released the documents, which present the Coalition Government’s transformative vision ...
Firstly I want to thank OceanaGold for hosting our event today. Your operation at Waihi is impressive. I want to acknowledge local MP Scott Simpson, local government dignitaries, community stakeholders and all of you who have gathered here today. It’s a privilege to welcome you to the launch of the ...
Racing Minister, Winston Peters has announced the Government is preparing public consultation on GST policy proposals which would make the New Zealand racing industry more competitive. “The racing industry makes an important economic contribution. New Zealand thoroughbreds are in demand overseas as racehorses and for breeding. The domestic thoroughbred industry ...
Business confidence remains very high and shows the economy is on track to improve, Economic Growth Minister Nicola Willis says. “The latest ANZ Business Outlook survey, released yesterday, shows business confidence and expected own activity are ‘still both very high’.” The survey reports business confidence fell eight points to +54 ...
Enabling works have begun this week on an expanded radiology unit at Hawke’s Bay Fallen Soldiers’ Memorial Hospital which will double CT scanning capacity in Hawke’s Bay to ensure more locals can benefit from access to timely, quality healthcare, Health Minister Simeon Brown says. This investment of $29.3m in the ...
The Government has today announced New Zealand’s second international climate target under the Paris Agreement, Climate Change Minister Simon Watts says. New Zealand will reduce emissions by 51 to 55 per cent compared to 2005 levels, by 2035. “We have worked hard to set a target that is both ambitious ...
Nine years of negotiations between the Crown and iwi of Taranaki have concluded following Te Pire Whakatupua mō Te Kāhui Tupua/the Taranaki Maunga Collective Redress Bill passing its third reading in Parliament today, Treaty Negotiations Minister Paul Goldsmith says. “This Bill addresses the historical grievances endured by the eight iwi ...
As schools start back for 2025, there will be a relentless focus on teaching the basics brilliantly so all Kiwi kids grow up with the knowledge, skills and competencies needed to grow the New Zealand of the future, Education Minister Erica Stanford says. “A world-leading education system is a key ...
Housing Minister Chris Bishop and Associate Agriculture Minister Mark Patterson have welcomed Kāinga Ora’s decision to re-open its tender for carpets to allow wool carpet suppliers to bid. “In 2024 Kāinga Ora issued requests for tender (RFTs) seeking bids from suppliers to carpet their properties,” Mr Bishop says. “As part ...
Associate Education Minister David Seymour has today visited Otahuhu College where the new school lunch programme has served up healthy lunches to students in the first days of the school year. “As schools open in 2025, the programme will deliver nutritious meals to around 242,000 students, every school day. On ...
Minister for Children Karen Chhour has intervened in Oranga Tamariki’s review of social service provider contracts to ensure Barnardos can continue to deliver its 0800 What’s Up hotline. “When I found out about the potential impact to this service, I asked Oranga Tamariki for an explanation. Based on the information ...
A bill to make revenue collection on imported and exported goods fairer and more effective had its first reading in Parliament, Customs Minister Casey Costello said today. “The Customs (Levies and Other Matters) Amendment Bill modernises the way in which Customs can recover the costs of services that are needed ...
Minister of Internal Affairs Brooke van Velden says the Department of Internal Affairs [the Department] has achieved significant progress in completing applications for New Zealand citizenship. “December 2024 saw the Department complete 5,661 citizenship applications, the most for any month in 2024. This is a 54 per cent increase compared ...
Reversals to Labour’s blanket speed limit reductions begin tonight and will be in place by 1 July, says Minister of Transport Chris Bishop. “The previous government was obsessed with slowing New Zealanders down by imposing illogical and untargeted speed limit reductions on state highways and local roads. “National campaigned on ...
Finance Minister Nicola Willis has announced Budget 2025 – the Growth Budget - will be delivered on Thursday 22 May. “This year’s Budget will drive forward the Government’s plan to grow our economy to improve the incomes of New Zealanders now and in the years ahead. “Budget 2025 will build ...
For the Government, 2025 will bring a relentless focus on unleashing the growth we need to lift incomes, strengthen local businesses and create opportunity. Prime Minister Christopher Luxon today laid out the Government’s growth agenda in his Statement to Parliament. “Just over a year ago this Government was elected by ...
Associate Education Minister David Seymour welcomes students back to school with a call to raise attendance from last year. “The Government encourages all students to attend school every day because there is a clear connection between being present at school and setting yourself up for a bright future,” says Mr ...
The Government is relaxing visitor visa requirements to allow tourists to work remotely while visiting New Zealand, Economic Growth Minister Nicola Willis, Immigration Minister Erica Stanford and Tourism Minister Louise Upston say. “The change is part of the Government’s plan to unlock New Zealand’s potential by shifting the country onto ...
The opening of Kāinga Ora’s development of 134 homes in Epuni, Lower Hutt will provide much-needed social housing for Hutt families, Housing Minister Chris Bishop says. “I’ve been a strong advocate for social housing on Kāinga Ora’s Epuni site ever since the old earthquake-prone housing was demolished in 2015. I ...
Trade and Investment Minister Todd McClay will travel to Australia today for meetings with Australian Trade Minister, Senator Don Farrell, and the Australia New Zealand Leadership Forum (ANZLF). Mr McClay recently hosted Minister Farrell in Rotorua for the annual Closer Economic Relations (CER) Trade Ministers’ meeting, where ANZLF presented on ...
A new monthly podiatry clinic has been launched today in Wairoa and will bring a much-needed service closer to home for the Wairoa community, Health Minister Simeon Brown says.“Health New Zealand has been successful in securing a podiatrist until the end of June this year to meet the needs of ...
The Judicial Conduct Commissioner has recommended a Judicial Conduct Panel be established to inquire into and report on the alleged conduct of acting District Court Judge Ema Aitken in an incident last November, Attorney-General Judith Collins said today. “I referred the matter of Judge Aitken’s alleged conduct during an incident ...
Students who need extra help with maths are set to benefit from a targeted acceleration programme that will give them more confidence in the classroom, Education Minister Erica Stanford says. “Last year, significant numbers of students did not meet the foundational literacy and numeracy level required to gain NCEA. To ...
Foreign Affairs Minister Winston Peters has announced three new diplomatic appointments. “Our diplomats play an important role in ensuring New Zealand’s interests are maintained and enhanced across the world,” Mr Peters says. “It is a pleasure to announce the appointment of these senior diplomats from the Ministry of Foreign Affairs and ...
Ki te kahore he whakakitenga, ka ngaro te Iwi – without a vision, the people will perish. The Government has achieved its target to reduce the number of households in emergency housing motels by 75 per cent five years early, Associate Housing Minister Tama Potaka says. The number of households ...
The opening of Palmerston North’s biggest social housing development will have a significant impact for whānau in need of safe, warm, dry housing, Associate Housing Minister Tama Potaka says. The minister visited the development today at North Street where a total of 50 two, three, and four-bedroom homes plus a ...
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. “The 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. It’s so great to be here and I’m ready and pumped for 2025. Can I start by acknowledging: Simon Bridges – 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. “Invest 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. “The reforms will maximise the value of the $1.2 billion in government funding that goes into ...
Turbocharging New Zealand’s economic growth is the key to brighter days ahead for all Kiwis, Prime Minister Christopher Luxon says. In the Prime Minister’s State of the Nation Speech in Auckland today, Christopher Luxon laid out the path to the prosperity that will affect all aspects of New Zealanders’ lives. ...
The latest set of accounts show the Government has successfully checked the runaway growth of public spending, Finance Minister Nicola Willis says. “In the previous government’s final five months in office, public spending was almost 10 per cent higher than for the same period the previous year. “That is completely ...
The Government’s welfare reforms are delivering results with the number of people moving off benefits into work increasing year-on-year for six straight months. “There 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. “I am delighted to appoint these two new board members who will bring a wealth of industry, governance, and commercial experience to the Film Commission. “Jon 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. “I’m pleased to announce the new appointed members Helen van Druten and Matthew Piper to the Employment Relations Authority (ERA) and welcome them to ...
Comment: The next four years are going to bring a terrible information environment, with absurd claims bubbling up from fever swamps overseas The post Paranoia and politics appeared first on Newsroom. ...
Swirly World Sails South, by Andrew Fagan (2012)I feel Andrew is totally under-rated as an author. Alongside his latest book, Swirly World: Lost at Sea, his earlier sailing book is among my favourites. It tells of his trip around New Zealand – via the Auckland Islands. When he set out, ...
A lineup of prominent figures have joined the call to halt the deportation of a mother convicted of inflicting injuries on her baby, as fears grow she could be another victim of a ...
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Morning. Is this meant to be a politics free Sunday?
didn’t you get the memo?
This is the second ‘weekend social’ this weekend. I got a bit confused for a minute there.
Looks like our open mike and weekend social wires got crossed. Fixed now.
but isn’t today the 24th?
someone should put the cap back on the bottle before things get any worse 🙂
Give that man a 10% pay cut!
My mistake. Too tired last night, brain on autopilot, wires crossed everywhere. All sorted now (I think)…
The Government is desperate to make cuts in primary education, closing down special and residential schools and placing high needs children back into their local schools is the next initiative. These children will be supported by “wrap-around services”, but the question is, who will provide them?
http://localbodies-bsprout.blogspot.co.nz/2012/06/wrap-around-services-unraveling.html
This is going to end up just like our mental health services.
And ACC, Millsy, this government is actively avoiding their responsibility to support our most vulnerable.
Poll out in the Herald on Sunday, the vast majority want to retain assets, so no surprise there. Apparently 60% of us want to buy shares, but there is no indication of how many can actually afford to buy the shares (5%?).
On preferred party polling, more trouble for Johnny Sparkles. The Herald is really, really reluctant to say it, but the tide is turning. Bear in mind, Key Research/HOS is the most optimistically blue tinged of the polling companies.
National: 47.9
Labour: 30.4
Greens: 14.8
No result recorded for NZF, but the commentary suggests their vote was below 5%. Peter Dunne is rightly hammered for his sin of ommision:
” … NZ First, Mana and Act have all taken a big hit. Peter Dunne’s United Future didn’t even register.”
National 47.9% (-8.5%)
Labour 30.4% (+6.2%)
Green 14.8% (+2.2%)
ACT 0.5% (nc)
Maori 1.7% (+1.1%)
United Future 0.0% (-0.3%)
Mana 0.2% (-0.1%)
NZ First 3.2% (-0.4%)
Conservative 0.8% (-0.6%)
http://curiablog.wordpress.com/2012/06/24/herald-on-sunday-key-research-poll-june-2012/
National’s result is actually above it’s election % (same for Labour and Greens). Small party poll support tends to drop off between elections and doesn’t firm up until within a week or two of an election, as demonstrated by NZF. Can’t read much into that.
[nothing for His Hairness? A typo, surely. Because that last poll was just before the election and significantly out of line with it, the indication is that the Herald poll significantly over polls National and under polls Labour. So, it’s stupid to compare this result against the election result. With any single poll, you want to look at the trend in that poll, not the absolute numbers vs other measures of support. Eddie]
Trends are semi important for the large parties but there’s a lot of other factors – like how often the polls are taken, and when the last one was.
I doubt Winston Peters will give a hoot about the NZF trend. He targets one month prior to an election, the trend through that period is what’s criticval, the rest don’t matter.
UF have barely registered in most polls for yonks. That means little this far out. As does this:
Projected Seats
– United Future 1
That trend is stable, but meaningless.
Politicly Gelded looks like Dunne is going to have to change his blue rinse to red green rinse!
“UF have barely registered in most polls for yonks. That means little this far out.”
Quite right, Pete. If UF made you leader just before the election then put you on TV with that worm going again I reckon you’d end up our next PM.
Thanks for that decisive analysis, Pete.
UF are a rubbish party with no credibility. PD gets elected in Ohariu largely because of his personal popularity in the electorate.
“Trends are semi important for the large parties but there’s a lot of other factors – like how often the polls are taken, and when the last one was.”
Jeez Pete, what do you think “trend” means in this context if not movement over time?
You’re getting worse and worse at these “waffle over the gaping hole” comments you know.
A trend means more if the polls are close together, if they are a long time apart they mean much less.
From what I can see the previous HoS poll was 20.11.11, just prior to the election, where it had National on 56.4 and Labour on 24.2, Greens on 12.6 and NZF on 3.6 – that is nothing like the election result the following week.
Being seven months ago surely it’s hard to deduce any trend. And they only have one other poll listed, 14.10.11 – how reliable is a trend from three unevenly spaced polls where the first two were in totally different circumstances, in the lead up to an election?
The trend for UF is spectacularly stable though – no matter what the poll, UF is always on fuck-all. And that includes elections.
Sigh. There is so much wrong with this statement, stochastically, but I’m not even going to bother.
100% correct Pete, the trend means more when they are close together. So what do 5 Roy Morgans, two or 3 from the telly and now the HoS all confirming National’s slide and UF’s demise coming together in just 3 months tell you?
“A trend means more if the polls are close together, if they are a long time apart they mean much less.”
Ok, you didn’t get it. The timing of the results is not some “other factor” apart from the trend, it’s part of what makes up the trend. Jeez, learn some fucking english, would you?
“From what I can see the previous HoS poll was 20.11.11, just prior to the election, where it had National on 56.4 and Labour on 24.2, Greens on 12.6 and NZF on 3.6 – that is nothing like the election result the following week. “
Which is exactly why you’re an idiot if you compare the recent poll with the election result and conclude that National’s support has risen. The HoS poll consistently overestimates National’s support.
It’s reasonable to assume, based on all available information over many polls, that National’s support is considerably lower than this poll indicates. Your own observation above supports this view, which is also consistent with the reasonable conclusions drawn from the trends of all other recent polls.
Spot on, eddie. If I recall correctly, one of the HoS polls before the election had National on 65% support, so their record is patchy at best. However, this one is in line with the last 5 Roy Morgans and the 2 or 3 tv polls over the last 3 months. UF’s dismal result in this poll is not a reflection of a mid term drop, it’s actually only 0.6% away from the actual vote cast in November and again, in line with what the other polls are saying about UF. And what they are saying is “oblivion”.
The real question for the next election is how well the maori party go. If they lose even one seat to Labour, it’s all over for Team Key.
I don’t like to sound overly optimistic but from my own crude rithmatic National are at present polling on the 43% mark,
That gambling site run by the Tories themselves has taken an even more pessimistic view of National as a betting option figuring them now at a miserable 41%, (to all extents and purposes gone-burger in 2014),
NZFirst below the 5%, thats got to be included this day for the humor content, even in its darkest days leading up to and at the 2008 election NZFirst held 4% of the vote,
Having said all that I see no need for any of us to become complacent and such figures should just give us all the impetus to provide even more vocal opposition to the Tories and the Slippery shyster from New York we have as Prime Minister,
What an incoming Government will face after the 2014 election is a Government debt stretched out to the point where further large scale borrowing by that Government becomes extremely problematic,
The view from here is that all opposition party’s should be looking further than simply a capital gains tax as an effort to stifle the speculation in housing,
The state of our economy in 2014/2015 is going to be such that a properly targeted Financial Transactions Tax is seen as the best means of producing surplus in the Government books as well as enabling the Government debt to be paid down,
I suggest that for capital expenditure on infrastructure and social housing Government need resort to creating such monies as needed…
“no indication of how many can actually afford to buy the shares ”
Anyone with KiwiSaver can invest
On The Nation yesterday Winston Peters said that the Cullen Fund should be used to buy back the assets (when he’s in Government). That’s nonsense from WP.
The fact is the Cullen Fund is likely to buy as many shares as it can get (up to 10%) as soon as they go on the market.
Just another indication from WP of having the pension fund raided for other purposes then what it is meant for (I bet he is not the only one). In 20-30 years time there will be no money and people have to work til they are 70, perhaps even for all their lives (Dickensian). My god this is so mean and in the disguise of a “good cause”. Meanwhile NZ is becoming more and more an underdeveloped nation and all this with the nodding of the population. Pathetic really, but today’s comments on education are very revealing and do point in the direction NZ is moving.
Not the same thing. The clue was the word ‘buy’, which was in the question KR/HoS asked.
How does that work in practice?
http://newstalkzb.co.nz/auckland/news/nbpol/292669198-Greens-to-meet-with-ACC-minister-over-12-point-plan
It pains me to say it but those looney greenies arn’t doing a bad job at the moment
Going back to Dave Kennedy’s comment, any more cuts and the illiteracy of the kids will even more increase. It would be nothing short of catastrophic for NZ. These comments below from an article this morning.
http://www.stuff.co.nz/national/education/7159927/Writing-on-the-wall-for-illiterate-Kiwis
A 2006 survey found 43 per cent of adults with some sort of literacy issue, and half the population with numeracy difficulties.
The European Centre for the Development of Vocational Training says the number of low-skilled jobs will fall by 51 per cent this decade, while highly skilled jobs will increase only 21 per cent.
Last year 31 per cent of students left school without level 2 NCEA, the equivalent of Sixth Form Certificate.
This is the real issue because people who fall behind will not be able to build a future for their community. Looking at other comments on this site, they will not be able to research issues like Asset Sales, they will be easier manipulated by social media and advertising. This is also a reason why the “rich” or whoever can afford it (be it with 3 jobs going) send their kids to private schools.
Uh, highly skilled jobs are going to China and India. Highly skilled does not have to mean here and highly paid.
This report was about NZ and its education outcome. Sorry, but the number of people not able to string a sentence or able to calculate without any aid (provided the can read!) is rising. To get skilled means literate and able to be trained. How do you propose to change the future if the kids are not held on to the learn the basics? There is a worldwide shift from low or no skill where one can get by illiterate. This will and has changed to demands of better educational outcomes to operate the equipment that is provided and more and more hi tech. Read the article and you will understand what I try to say.
Basic literacy and numeracy are key, yes. But in the context that the future is going back to the past, FW. We will need fitter turners more than we will need semiconductor engineers.
And we need an education which arms children with social and communication skills primarily, not “high tech” skills.
BTW ever see a 50 year old use an iPhone or a Windows PC?
That 50 year old was in primary school in 1970. No computers, no internet. No problem.
Argh yes the “knowledge economy”, going along well isn’t it…NZ is forging ahead, along with the rest of the western nations. We can tell from the swaths of out of work young/graduates, as the economies of the world in real terms, have failed, on the back end of the money men cartels!!
FW – Don’t be fooled into thinking that the “tech” is the saviour os us, it simply is not, and will not be.
In fact the more the tech advances, the more stripped down the hunan being becomes, far from the direction most believe that all the “tech’ is taking us…
Back to the future it will have to be!
My Asset Sales Story
My Asset Sales Story
I sold a car once, and some other assets, to raise a deposit to buy a house. After a while, as I paid off some of the mortgage and inflation and promotion raised my earning, I was able to buy a better car again.
True.
So explain to me how selling what produces our earnings will give us a promotion and a pay increase.
The car you sold was a cost and the other assets were non income producing.
A more accurate analogy would be to have sold your body to a pimp who then used it to generate their own income. After several years your body was worn out and no use to the pimp and you had to pay lots of money to put it right again. The pimp meanwhile kept his money.
PG if your story bore any resemblance to government policy I don’t see it. National (+ klingon parties) won’t use the proceeds to improve NZ’s asset portfolio, they are just going to juice the budget for a few years and then there will be nothing to show for it.
Well do the sums Peteg and tell us how this scenario is actually going to happen.
We are not selling the car to buy a house, we are selling the business so we can pay off the credit card and give some money to the farmers.
So, Pete, do you think this government is planning to sell the shares in the power companies and in AirNZ, use the funds to reduce debt, and then buy those shares back when things are considered to be looking a bit better?
Cool story bro. Unfortunately what National and Peter Dunne are about to do is more akin to selling the house to put petrol in the car.
That’s another of many ridiculous comparisons. The best/worst I’ve seen is it’s like selling a kidney to buy a dialysis machine.
Here’s a relevant analogy: http://en.wikipedia.org/wiki/Contact_Energy
Very apt indeed.
Rather than going into government coffers, most of the profits head directly overseas. The government woud have made much more money keeping the asset rather than selling it for a one-off payment. And it’s pretty much the most expensive power company in the consumer electricity market.
Thanks for pointing out what a stupid idea selling any other assets would be, pete. Care to share it with the hair-do?
It’s a perfectly valid analogy, Pete. It points out that Dunne and Key want to sell income generating assets and spend the money on non-income generating assets, or worse still on the general running costs of the country.
I know you’re not very good at analogies though. From the way I’ve seen you try to interpret them before, you’re probably thinking ‘what an idiot, the govt hasn’t said anything about buying petrol…’
ropata
A good story – very good analogy.
As for PG What a limp apology for a comment with an underlying theme that goes like this. “I am so clever that I can manage my affairs so well that I don’t feel hardship because I am so clever and hard working, which is all that is needed in this life to succeed. Every clever boy knows that.”
Why is my comment that I put on at 11.15 a.m. after ropata not up there at 9.1.2 where it has some relevance? Instead I have gone down to 9.2 below felix’s at 6.18p.m. It’s makes the comment irrelevant to be so distant from the origin.
Would someone have time to explain how I can avoid this. You might note that I headed my original comment with ropata’s name so tied it, I thought, to the one I was replying to.
Probably other people have had this same thing occurring. It is annoying and makes commenting on comments a waste of time and discouraging. Is that the intention?
Hey I saw your comment (9.2) and appreciated it, but PG got in first (9.1) and everyone replied to him (9.1.x) which shifted yours down lower.
ropata
So this means that I should have replied to PG and then added comment to you at the end of one to PG so I could get in cooee of your comment. This is strategic – I’ll have to make plans for my future forays into the blogosphere.
A report on Radionz yesterday on the state of the Spanish oil industry. It is being ruined by the buying power of supermarkets who use this popular and needed item as a loss leader thus forcing down profits for the growers. Also the fudging of labelling to give the idea of higher quality.
Pure virgin labelling should show Acidity 0.3% but the marketing companies extend this classification by adding more processed oil giving 0.3 to 1% acidity, not virgin oil at all. The price being paid in general isn’t enough to fund the already low-paid work force using traditional gathering by shaking the olive branches to drop the fruit on mats underneath. This method allows the good ripening and flavour of good oil.
Australian supermarkets have used milk as a loss leader and had a price war between them for which apparently they didn’t bear the cost. They recouped losses by reducing the prices that farmers thought they were to receive under contract.
This is not new, the Spanish olive oil industry has been monitored for this reason for quite a while now. Don’t forget, Spaniards or for that matter Mediterranean Countries use Olive oil like we do canola and butter. But now that the new owners, the ones who bailed the country out, are in charge this kind of thing will surface. But don’t get fooled, the practice of “loss leader” marketing is well established and works in NZ too – look at the alcohol sales. All it means is that there is a war of shareholding in the food market on and we are the pawns on both side of the equation. We pay less and have no job, no income. So the price has to be cut to “loss leader” level, etc.
Foreign waka
Mmmm too true. Another thing that happens when these food price wars continue is that quality and good nutrition can be lost in favour of cheaper manufacturing procedures, longer shelf life, and poorer quality ingredients.
Already done, look at the “pink slime” mince issue in the US, just the tip of the iceberg. All these long name ingredients which – I would not be surprised to find this with 90% – are industrial waste. Toothpaste – fluoride is one of them.
Shame on the Corrections Department for the conditions they are imposing on prisoners. The prisoners are held at great expense to the taxpayers. They are usually not held for life, but let out eventually back into society – where many continue the schemes their twisted minds obssess about on one part of society, females but not forgetting children animals and old people or foreigners with perceived assets. The so-called Corrections Department doesn’t match its name. It doesn’t attempt to correct just to punish with prisoners locked in for 23 hours a day, with nothing to do. Let’s get it straight, that the Department is the Punishment Department and is an expensive, inefficient and dangerous method of dealing with criminals, dangerous to society. And they should now be allowing Peter Williams Lawyer and rep for the Howard League to talk to the stressed prisoners in the tower.
This is an inhuman, backward way to treat these people. The serially bad should be kept under life control on prison farms where they can work to grow prison food. All should be enabled to learn some skill or project interesting to them (not involving the making of weapons or studying warfare – they already know violence and callousness intimately). The others should go straight into a series of projects with limited time frames, which are not hard to accomplish. These would be chosen to suit their needs and they would pick from such a group.
Learning is hard work and would be a shock to the system for many. By doing something, first based on theoretical or philosophical teaching, then followed by a practical, hands-on thing they would pass the time productively for all, and eventually it would entertain them. Also, the sentence would be suspended when they had achieved a certain number, some being basic school programs they had missed.
Simple sayings, trite or cliche often say it all. The devil makes work for idle hands. Add to that my observation that people are like lettuces, once cut off from good nurturing, they wither. We are just as perishable as lettuces and need care to grow well.
I said that Correction Department doesn’t try to help prisoners, but that is not so, now I think about it. Someone will defend them saying that they do run projects to guide some of their prisoners to better thinking and behaviour. However they then spoil this positive by reducing the remaining humanity in their prisoners until they are full of anger or despair, and then more likely to erupt and strike, injure, kill in prison and out.
This 23 hour lock-up, multiple bunking attitude comes from High Society who wouldn’t demean themselves to commit such coarse criminality, aiming for a higher more complex type. These people are the product of their environment with some nature in the mix. Three ways to improve – one get beside parents with help and respect for the task, two limit addiction suppliers, legalise and tax and control and monitor their businesses, three to encourage prisoners to envisage a different path which would be better for them and society and then give them the help to achieve it.
Yes that’s how I felt Vicky32.
Ministry ‘hides test’s real purpose’
Giving anti-depressants to toddlers is totally wrong IMO – the drugs can be toxic, create dependence and too little is know about the effects on developing brains.
Big pharma may be looking for another market for its wares but that is not a good reason for letting them experiment on NZ’s kids.
The deliberate deception from the ministry and the instruction to those conducting tests to with-hold information from parents is totally unacceptable.
CL – Indeed this issue in fact goes back furher with CASPER playing a key role in keeping it in the public eye.
The use of psychotropic drugs, as it relates to the suicides of young Kiwis is a key issue. Now it looks like they are trying to get the kids hooked up even sooner, and who does this benefit overall – Big Pharma!
Maria Bradshaw has a nickname for Peter Dunne.
Bradshaw, the founder of Casper – Community Action on Suicide Prevention Education and Research – calls the associate minister of health, “Peter Dunne Nothing”, because she says that in the four years he has been responsible for suicide prevention in government “he has done absolutely nothing”.
Many links to articles below
http://www.scoop.co.nz/archive/index.html?t=Mental%20Health
Better than the street corner
Drugs should be the last resort IMO. Change of diet is probably the first one and then looking to care, involvement and environment.
Well said, but a “Professional” to help would be required.
Individual needs vary
Every individual needs a chance to become a person without medical intervention in the form of a psychotropic drug, especially at such young ages. Tests that normalise such interventions are not solving any problems, they are creating them.
I have too agree with you, self medication is the current result, starting with alcohol
I was talking about toddlers, and the “children aged five and over” referred to in the article who are a bit too young to be on the booze – but you have kindly illustrated my point – which was that if your kid ‘fails’ one of these ‘tests’ then next thing you know someone like BernyD is labelling them a future street corner dweller or alcoholic.
It relates to the original post by muzza …
Not sure where you got five year olds from, Just saying we need to make Psycho analysis less of a social evil and more of a science.
Even the ‘professionals’ admit they are supping with the devil
This is what I mean by applying science.
The Devil is a known commodity, it can be observed, recorded, analysed.
The street corner or bar tender are not.
If everyone in NZ was happy to talk to a professional personality observer, they would find their lives a lot easier to understand.
It may scare them, but at least they’d know why.
And trust me when I say the Devil drug dealer is no psychiatrist all he wants is money.
Furthermore most kids from troubled backgrounds start drinking very young as well.
I include myself in that category, and would’ve appreciated qualified help.
Andrew Little is making a mistake is proposing that the ACC funding model be changed. The ACC has an investment portfolio of about $20b. DO NOT give the Nats a chance to liquidate that: it will only result in tax reduction for the top earners and cost reduction for employers. Andrew Little is taking a short term view, and Shearer will sit on the fence.
The ACC funded model is a Labour Party inter-generational treasure for our children. Like the Hydro Dams, it is wrong cash them in. Pull your head in Andrew Little, show some leadership Shearer.
“But the party’s ACC spokesman, Andrew Little, said it was time for a public debate about funding options, with recent controversy highlighting ACC’s overemphasis on lowering costs rather than meeting claimants’ needs.
Under full funding the corporation builds up reserves to cover the current and future costs of existing claims, and is aiming to reach that goal by 2019.”
http://www.stuff.co.nz/national/politics/7125792/Premiums-may-drop-in-ACC-rethink
I agree KM that ACC’s reserves should be maintained. Otherwise our young will not only be paying for our future superannuation but also paying for our accidents and our hospital bills …
No matter what the actual costs will have to be met from available resources. What this means in practical terms is an effective slack in the economy that can meet emergency situations. No amount of saving money will change that and, in fact, saving money makes it look like things can be done without diverting from other economic activity. I,e, Christchurch isn’t being rebuilt partially because the saved money isn’t generating a diversion from other economic activity.
Saving money is delusional but, then, our entire financial/economic system is delusional.
It’s not delusional. Each ACC account has its own investment fund and our levies have been topping them up so the income from investments can pay the future cost of existing claims.
To give you an idea what it’s worth; in 2011 investments returned very high sums because of recovering markets but if we discount it back to the risk-free rate of around 5% ACC investment accounts in 2011 would have paid 34% of the work account costs, 24% of the earners account and 49% of the motor vehicle account. That’s total cash outgoings too, including claims and all expenses. The percentages will get higher each year as surpluses are reinvested. That’s what we stand to lose if they nobble our ACC assets and change to pay as you go.
And you missed the point.
KM
Perhaps there could be an amendment from full to a part-funding model so that we don’t have to carry all tomorrow’s inflated costs on our shoulders today. Even small annual inflation, which is going to happen in a thriving economy, does mount up and we meet its cost as we go along.
Prism, there might be a valid case to move the target date out a few more years. But to remove that strategic target for short term reasons is as much intergenerational theft as selling the Hydro Dams.
Totally with your point KhandallahMan. I was equally pretty shocked to hear Kevin Hague of the Greens suggest that the Greens would simply liquidate the ACC fund, in order to stop a National government from using the fund to privatize ACC. Pretty odd kind of “salt the wells and burn the villages” kind of logic there.
If ACC’s goal really is to be self-funding, I presume that to mean that they generate a fund large enough that the levies will decrease. That’s a cost off business, and a cost of the injured, and a massive cost off the health system. That’s worth keeping a massive fund for.
Little is also spectacularly dumb if he wants to tamper with it. What Labour should avoid is moving from a simple political target (getting a few politicians fired), to a policy one in which they have no clue what success would look like (let’s reinvent ACC).
Labour have no clear policy on this, and you should not re-write an intergenerational contract on the fly.
It’s pretty obvious what it’s about. If they make ACC pay as you go then they can make the outstanding claims liability (OCL) disappear at the stroke of a pen. Presently it’s protected because of accounting rules, if they nobble any of our ACC cash it goes on the books as a deficit. Change the rules and they can grab the cash, book it as a surplus, and leave us paying extortionate levies for an ACC we’ve already paid for.
Neither the left nor the right political parties can be trusted on this IMO. The right want to sell off ACC so they can loot the kitty & enrich themselves, the left want to loot the kitty so they can spend more. It’s the best scheme of its type in the world and they’re all hell-bent on wrecking it for their own selfish ends.
Noisy scandals, Pullar, Privacy, who said what when, etc and blah blah are distractions. The ACC became under attach when Nick Smith appointed the new Board after National won the 2008 election.
http://www.acc.co.nz/about-acc/overview-of-acc/key-people/ABA00006
The ACC is a Treasure! A Taonga. Some idiots from National are dicking around with it. The Nats want to sell it or wreck it. Labour should be very very carful not to undermine the unique value proposition of a properly funded ACC. Other countries are copying the historic Labour model.
Hague and the Greens have no maturity of policy development in this space. Andrew Little needs to engage with more experienced MPs and Party policy makers before shooting from the hip in public.
He deserves a good bollicking at the next caucus meeting.
Just imagine if we had a sovereign investment fund that included the ACC fund, the EQC fund, a public Kiwisaver option, and the NZSuperFund, and the (remaining) state companies. Perhaps in part managed by Kiwibank.
Something even bigger than Temasek or Harvard Pension, roaming the earth owning chunks of massive companies, investing with ethical and long term purpose.
Not just producing milk and cheese, but owning supermarket chains.
Not just converting to wind farms, but buying out the turbine manufacturer.
At every point, aggregating the public resources we have into single common purpose.
And imagine that fund being used to enable policy outcomes; a free health system, a fully resilient set of cities, a more confident NZSuperannuation.
Call it Kiwifund.
Khandalla, that’s where Labour should be headed.
Now that is something I would support.
The Greens(!) are the only party that have proposed such a fund, well they at least they promised to look into whether one would be worth investigating 🙂 While National just want to use our mineral wealth to subsidize tax cuts for the rich. Kinda what Thatcher did with North Sea gas…
Or in any other as far as I can see!
Dr Michael Burry UCLA Commencement Speech
An outstanding critique of the political, economic and financial situation the world finds itself in.
From one of the world’s top 0.1%.
Epic, and surprisingly uplifting. A great topic for defeatists and catastrophists in that he reaffirms individual human agency and choice, both through his own story and through railing against immoral kinds of government. Loved it.
What to make of this?.
http://www.foodrenegade.com/mutated-gmo-grass-makes-cyanide-kills-cattle-2/
I’d say that’s a serious concern. Was the release of cyanide gas from the grass an effect of the genetic modification or just a random mutation due to local drought conditions?
Came across this and it seems that cyanide poisoning is a drought related feeding problem.
Prussic acid or cyanide poisoning can also be a problem when grazing drought-stunted plants such as sorghum, sorghum hybrids and sudan grass.
And sorghum is a popular feed and could have been GMO. The item about the dead cows said that others have had this trouble from the same Tifton85 type. However it shows up on google as a hybrid grass which happens more through breeding and crossing strains than adding and subtracting genetic material of various sorts.
Sandmonkey (Mahmoud Salem) on the Egyptian elections.
In my humble opinion, today concludes the end of the first chapter of the Egyptian revolution. I know that other people have it divided into sections in regards to original 18 days, elections, parliament and presidential elections, but I don’t subscribe to that. We went into the revolution with the same thinking that people like me had back in 2005: we must remove Mubarak, stop his son from inheriting us, and get democratic elections. All of us had those goals and not a single vision on what to do afterwards, because the removal of Mubarak was such a pipedream. So, you successfully dethrone a tyrant, and you have neither plan nor vision on what to do afterwards, and no real understanding of the regime itself, then, quite naturally, you fall flat on your face, and we have been doing that for the past 18 months. This has been our story: the removal of a dictator and the repercussions that follow. That’s what’s been happening. This ends today, and the new chapter starts, for better or worse
Some choice that was..
A member of the establishment, or some crackpot mullah.
Anyone else having trouble loading thestandard today?
At one point today when I tried to link to a specific commenter, it kept coming up with a post way back in 2008. Can’t remember the title but someone was… wondering why the Leader of the Opposition, John Key always had a cheesy grin on his face.