web analytics

Open mike 24/07/2010

Written By: - Date published: 6:00 am, July 24th, 2010 - 18 comments
Categories: open mike - Tags:

Open mike is your post.

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

Comment on whatever takes your fancy.

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

Step right up to the mike…

18 comments on “Open mike 24/07/2010 ”

  1. The Chairman 2

    The doubling of the home murder rate last year has gone unnoticed because domestic violence is still largely ignored by New Zealanders, a former police officer says.


  2. The Chairman 3

    Air NZ turns guns on airport deal

    Queenstown business and community leaders want their airport back

  3. The Chairman 5

    Overseas investors to enjoy a higher level of protection than local counterparts?

  4. The Chairman 6

    Brian Gaynor: Acquisition underlines market shortfalls

    • BLiP 6.1

      While I still maintain that Gaynor is the average punter’s best friend when it comes to the ins and outs of the market, I am disappointed with his position on this. Yes, the New Zealand markets are pathetic and weak – but the reason isn’t a lack of sophistication and entrepreneurship amongst investors; rather, the issue is that you’d have to be a complete mug to put your money into the unregulated, casino/wild-west saloon that the New Zealand stock market is. The fact that the government won’t tighten up is indicative of its tacit approval, perhaps even calculated design, for the sale of Aotearoa to international capital. Whipping “mom’n’pop” Kiwi investors for not risking their life savings in the casino is a shallow analysis.

      • Bob Stanforth 6.1.1

        Labour had 9 years to do something about it – why didnt they? Just asking…

      • The Chairman 6.1.2

        I’ve got a bit of time for Gaynor and his regular readers will know that he has indeed highlighted the lack of market supervision and investor protection in our market place (albeit, not in this particular piece).

        When looking for cause, one needs to take the larger picture into account.

        There are a number of reasons why our markets are weak and company stewardship is amongst them.

        I concur with your sentiment in regards to Government’s failure to effectively intervene – and in many cases they were forewarned of dangers of their incompetence so it dose leave one questioning their motive.

        Mum and dad investors turned to property as our market failed to benefit them and our banking sector was only to pleased to help with the growth in that sector. As we all know, foreign investors largely funded this. The banks borrowed short and lent long, the principal entered and stimulated the local economy but the interest incurred has left the nation with a fiscal shortfall.

        Similar occurs with foreign ownership, profits head offshore (as Draco T Bastard has highlighted in the post above) also leaving the nation with a fiscal shortfall. Predominantly, it’s our most lucrative sectors that are in foreign control.

        But it gets worse. Our trade imbalance also sees a large percentage of the benefits arising from consumer spending head offshore. The shelves in our stores are predominantly stocked with imported goods.

        We have a low pay base. Foreign ownership deprives us of our earning potential. We spend more than what we earn (largely funded from offshore). We import more than we produce. And local consumer spending predominantly goes on goods provided from offshore.

        As a nation, is it any wonder we are so broke?

        Re: Whipping “mom’n’pop’ Kiwi investors for not risking their life savings in the casino is a shallow analysis.

        Gaynor wasn’t totally blaming Mum and Dad investors. Nevertheless, Mum and Dad investors have decided to shun the markets and now the markets are working on getting the law changed so as to force us all to invest – compulsory Kiwisave. And I see Mallard is for it.

        Can you believe it? Mum and Dad investors have just recently lost billions, new regulation is yet to be set in place, and they are calling for compulsory Kiwisave?

    • Draco T Bastard 6.2

      These offers were successful because we didn’t have sufficient savings and capital to match the Australian acquirers.

      Actually, they were successful because we allowed foreign ownership. If that hadn’t been allowed then it wouldn’t have happened and, as our businesses grew, we would have had more capital to invest. Foreign ownership is bad for the economy.

      Once again we sold these forests far too cheaply because we didn’t have sufficient savings and risk capital to take a long-term view.

      No, once again they were sold because we allowed foreign ownership.

      Asian investors have now spotted the massive potential in our dairy and food industry and, once again, we don’t have sufficient capital to compete with them.

      And again…

      In the 1980s/90s our really stupid governments (in cahoots with our really stupid business owners and managers) set us up to fail by allowing foreign ownership and now we’re failing.

  5. Bill 7

    What is it with Goff?

    Why is it that when he starts up I just want to tell him to stfu?

    Well, I think I might have a partial answer.

    Back in the day we had sport commentators on radio. And because they were commentating over radio, they had to state the obvious. Some of these commentators moved to TV and took there habit of stating the obvious with them. Which was annoying.

    And Goff is like one of those commentators. But worse. Because he is commentating on the bloody action re-play! And he’s got that whole strangely emphasised stop…go.stop…go….stop thing going on with his speech like, actually…all that jabbing staccato, is that a speech pattern we use when we are really hyped up and on the verge of expressing physical aggression?

    “And so Smith. passed the ball to Jones. who held it for a second. before crossing it over the heads of two defenders. to where McDonald was waiting. and he. put it in the net. for a goal. Which means that another goal. was scored.”

  6. Adrian 8

    You have nailed it, Bill. For God’s sake get him some decent coaching and advice for all our sakes. He appears to be trying to give things too much emphasis without running the risk of putting his foot in it, but unfortunatley it just sounds laboured ( sorry, unintentional) but I can’t think of a more apt description.

    • Bill 8.1

      Taking Goff from the make belief commentary above to a dancing heart felt…

      “Go-o-o-a-a-l! Woo-hoo! Kiss my bare, lilly white arse!”

      Not do-able.

  7. Jum 9

    What does that say about New Zealanders who prefer liars like JKeyll, Hide and English than Goff who doesn’t quite sound right. Give me strength.

    All this crap about New Zealanders being clever and understanding who to vote for – nonsense. They just want money and they think that selfish, narcissistic Key is just the person to give it ’em because he’s got millions. He’s not. He took those millions off other people.

    If someone points out to me that that money is just paper money, created from no gold base, not taken from ‘people’ then it merely proves my point about the complete lack of substance in anything in or surrounding the national party leader. In fact I can hear him laughing from here. He’s laughing at us as we try to survive from day to day in the brave new world he and his kind are preparing for us. Sadly, NZers aren’t looking past the pasted smile that hides the real agenda. But Key knew that.

    I hope the media and political commentators like Colin James are watching carefully when that man they think is so wonderful slowly reduces this country down to a fiefdom, it’s pride gone and its people broken.

    But, Kiwis don’t care right now. Kiwis aren’t interested in 2 years down the track when we’re owned by ‘some one else’s country’ and our minimum wage set in concrete has been chipped away… They’ve learnt well from the BusinessRoundtable of borderless scavengers about ‘why wait; you can have it now’, ‘we’ll lend you the money; you’ve got 36 months to pay…’ and are now in hock up to their eyeballs. Those so called business leaders are the people who should be in prison, with JKeyll and Hide and English the grinning hyenas right in there with them. Double-bunk ’em too. They’ve been up one another’s backsides the whole time they’ve been in control.

    They’re embarrassing on the world stage. New Zealand had a good history built on respect for our independent thinking, our global inclusiveness and our diplomacy. Now it’s in tatters.
    New Zealanders know what they’re doing? Bah.

Links to post

Recent Comments

Recent Posts

  • Tokelau Language Week reminds us to stay united and strong
    Staying strong in the face of challenges and being true to our heritage and languages are key to preserving our cultural identity and wellbeing, is the focus of the 2020 Tokelau Language Week. Minister for Pacific Peoples, Aupito William Sio, says this year’s theme, ‘Apoapo tau foe, i nā tāfea ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • NZ announces a third P-3 deployment in support of UN sanctions
    The Government has deployed a Royal New Zealand Air Force P-3K2 Orion (P-3) maritime patrol aircraft to support the implementation of United Nations Security Council (UNSC) resolutions imposing sanctions against North Korea, announced Minister of Foreign Affairs Winston Peters and Minister of Defence Ron Mark. “New Zealand has long supported ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Pacific trade and development agreement a reality
    Pacific regional trade and development agreement PACER Plus will enter into force in 60 days now that the required eight countries have ratified it. Trade and Export Growth Minister David Parker welcomed the announcement that the Cook Islands is the eighth nation to ratify this landmark agreement. “The agreement represents ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Securing a pipeline of teachers
    The Government is changing its approach to teacher recruitment as COVID-19 travel restrictions continue, by boosting a range of initiatives to get more Kiwis into teaching. “When we came into Government, we were faced with a teacher supply crisis,” Education Minister Chris Hipkins said. “Over the past three years, we ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Border exceptions for a small number of international students with visas
    The Government has established a new category that will allow 250 international PhD and postgraduate students to enter New Zealand and continue their studies, in the latest set of border exceptions. “The health, safety and wellbeing of people in New Zealand remains the Government’s top priority. Tight border restrictions remain ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • First COVID-19 vaccine purchase agreement signed
    The Government has signed an agreement to purchase 1.5 million COVID-19 vaccines – enough for 750,000 people – from Pfizer and BioNTech, subject to the vaccine successfully completing all clinical trials and passing regulatory approvals in New Zealand, say Research, Science and Innovation Minister Megan Woods and Health Minister Chris Hipkins. ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • International statement – End-to-end encryption and public safety
    We, the undersigned, support strong encryption, which plays a crucial role in protecting personal data, privacy, intellectual property, trade secrets and cyber security.  It also serves a vital purpose in repressive states to protect journalists, human rights defenders and other vulnerable people, as stated in the 2017 resolution of the ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Ministry of Defence Biodefence Assessment released
    The Ministry of Defence has today released a Defence Assessment examining Defence’s role across the spectrum of biological hazards and threats facing New Zealand. Biodefence: Preparing for a New Era of Biological Hazards and Threats looks at how the NZDF supports other agencies’ biodefence activities, and considers the context of ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New Approaches to Economic Challenges: Confronting Planetary Emergencies: OECD 9 October 2020
    New Approaches to Economic Challenges: Confronting Planetary Emergencies: OECD 9 October 2020 Hon David Parker’s response following Thomas Piketty and Esther Duflo. Good morning, good afternoon, and good evening, wherever in the world you might be. I first acknowledge the excellent thought provoking speeches of Thomas Piketty and Esther ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Kaipara Moana restoration takes next step
    A Memorandum of Understanding has been signed today at Waihāua Marae between the Crown, local iwi and councils to protect, restore and enhance the mauri of Kaipara Moana in Northland. Environment Minister David Parker signed the document on behalf of the Crown along with representatives from Ngā Maunga Whakahī, Ngāti ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • New Zealand and Uruguay unite on reducing livestock production emissions
    Agriculture Minister Damien O’Connor and Uruguayan Minister of Livestock, Agriculture and Fisheries Carlos María Uriarte have welcomed the launch of a three-year project that will underpin sustainable livestock production in Uruguay, Argentina, and Costa Rica.  The project called ‘Innovation for pasture management’ is led by Uruguay’s National Institute of Agricultural ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • 3100 jobs created through marae upgrades
    Hundreds of marae throughout the country will be upgraded through investments from the Provincial Growth Fund’s refocused post COVID-19 funding to create jobs and put money into the pockets of local tradespeople and businesses, Regional Economic Development Minister Shane Jones and Māori Development Minister Nanaia Mahuta have announced. “A total ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Health volunteers recognised in annual awards
    Health Minister Chris Hipkins has announced 9 teams and 14 individuals are the recipients of this year’s Minister of Health Volunteer Awards.  “The health volunteer awards celebrate and recognise the thousands of dedicated health sector volunteers who give many hours of their time to help other New Zealanders,” Mr Hipkins ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Community COVID-19 Fund supports Pacific recovery
    The Minister for Pacific Peoples, Aupito William Sio says a total of 264 groups and individuals have successfully applied for the Pacific Aotearoa Community COVID-19 Recovery Fund, that will support Pacific communities drive their own COVID-19 recovery strategies, initiatives, and actions. “I am keen to see this Fund support Pacific ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Community benefits from Māori apprenticeships
    Up to 50 Māori apprentices in Wellington will receive paid training to build houses for their local communities, thanks to a $2.75 million investment from the Māori Trades and Training Fund, announced Employment Minister Willie Jackson today. “This funding will enable Ngāti Toa Rangatira Incorporated to provide its Ngā Kaimahi ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Training fund supports Māori jobseekers
    Rapidly growing sectors will benefit from a $990,000 Māori Trades and Training Fund investment which will see Wellington jobseekers supported into work, announced Employment Minister Willie Jackson today. “This funding will enable Sapphire Consultants Ltd. to help up to 45 Māori jobseekers into paid training initiatives over two years through ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Ruakura Inland Port development vital infrastructure for Waikato
    The Government is investing $40 million to develop an inland port at Ruakura which will become a freight super-hub and a future business, research and residential development for the Waikato, Urban Development and Transport Minister Phil Twyford, and Māori Development Minister Nanaia Mahuta announced today. The funding has been has ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Appointments made to Defence Expert Review Group
    Defence Minister Ron Mark announced today the establishment of an Expert Review Group to review a number of aspects of the New Zealand Defence Force’s (NZDF) structure, information management and record-keeping processes.  The Expert Review Group’s work arises out of the first recommendation from the Report of the Government’s Inquiry ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • No active community cases of COVID-19
    There are no active community cases of COVID-19 remaining in the country after the last people from the recent outbreak have recovered from the virus, Health Minister Chris Hipkins said today. “This is a big milestone. New Zealanders have once again through their collective actions squashed the virus. The systems ...
    BeehiveBy beehive.govt.nz
    3 weeks ago