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6:00 am, December 24th, 2016 - 112 comments
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The current rise of populism challenges the way we think about people’s relationship to the economy.We seem to be entering an era of populism, in which leadership in a democracy is based on preferences of the population which do not seem entirely rational nor serving their longer interests. ...
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Much gets made of the tax advantages of investing in property, leading to bizarre proposals to “fix it” like Gareth Morgan’s comprehensive capital tax. But the way investing in New Zealand businesses is like jumping into a viper pit is possibly a bigger reason why New Zealanders prefer property. Brain Gaynor explains some of the problems.
http://www.nzherald.co.nz/opinion/news/article.cfm?c_id=466&objectid=11772481
Yes. I wouldn’t dream of investing in NZ business rather than property, because it’s a game rigged in favour of the old boys’ club running it. The various fruitless attempts to deal with investment company owners who basically stole their investors’ money and got away with it, and the government’s complete lack of interest in doing something about it, makes it completely insane to invest in NZ business. Buy a house, at least some Grammar alumnus can’t steal that and face no consequences for it.
The NZX and kiwi business are a laughing stock amongst global fund managers.
Weldon did squat except fill his pockets and do as the boys club wanted. I recall Tony Gibbs broke ranks over one of Markys more avaricious remuneration proposals, probably because he wasn’t getting enough of the pie.
Rebstock, Weldon and Diplock presided over some of the most flagrant breaches of fiduciary duties and crony/insider behaviour handing out wet bus tickets to club members.
Now more recently against a backdrop of shonky dealer PM and his dealing cabinet room where they showed time and again that all you need is cash and nothing can’t be done for you.
We totally deserve to be shunned by savvy business investors because unless they are club members as they’ll not do so well. That’s the clear signal the NZX has been sending for a long time now.
You could be right about the viper pit image of NZX investing as an important influence on people putting their money into unlisted property.
The NZX has historically delivered steady growth and reliable dividends, and has outperformed in recent years.
https://milfordasset.com/2015-share-market-returns-kiwi-investors-the-big-winners/
https://www.newzealandnow.govt.nz/investing-in-nz/opportunities-outlook/economic-overview
Some of the successful (so far) IPOs not mentioned in Gaynor’s article
https://www.nzx.com/markets/NZSX/securities/PEB
https://www.nzx.com/markets/NZSX/securities/ATM
https://www.nzx.com/markets/NZSX/securities/XRO
Does anyone at about this time go into a major mall and, since you’ve done all your shopping, simply stand in the middle with an icecream and enjoy everyone else’s stress?
Nah. My family is having our Christmas meal today. Just not looking forward to the traffic getting across town to it.
Then tomorrow I’ll have a lie in and a laid back day.
A friend says it’s very European to celebrate on Christmas eve.
We had my side’s major dinner last night, then there’s the other half’s one on Christmas Day itself.
Similar reason for our family having it today – some family members have other families to be with tomorrow.
Was that your foot I ‘accidentally’ trod on the other day?
So now we are getting back to a nuclear arms race, courtesy of prime macho-posturers, Trump & Putin.
It means that younger generations, along with all the worries about climate change, global financial collapse, etc – also get to experience the nuclear fears that older generations experienced in their youth.
Merry Xmas, war is not over.
On a positive note, at least Sting’s “Russians” is now relevant once again. They may no longer be “Soviets”, but that’s about all that’s changed apparently. The circle of stupid is now complete. Welcome to Cold War 2.0 kids.
https://youtu.be/wHylQRVN2Qs
And Dylan’s “Hard Rain’s Gonna Fall” was thought to be about a nuclear holocaust – but maybe also so much more. Good choice for the Nobel gig.
Patti Smith nailed it IMO, even when she messed up, made it all the more poignant
I don’t think that’s the case. Trumps a business man and so is his Sec of State. They’re not warmongers, and its likely the US and Russia will start working together in some way. The Middle east is likely to be a safer place too with less terrorism and US involvement. Our warhawk media would love to incite war by a Trump tweet or a Putin pic though.
Agree with you Maui about that.
I watched Putin do his live annual press meeting last night, it appears to me that some media are messing with his words a bit re nuclear. However it does appear that it is important to putin to be well armed as it makes him appear tough or strong, boys and their toys. Really interesting Q&A with Putin this year.
https://www.rt.com/news/371502-putin-conference-wrap-up/
Yes war is great for business.
And Trump and Putin probably believe that the best way to ensure peace is to prepare for war. So money is still been made via military spending etc.
But the media was spinning the nuclear thing yesterday, like a bunch of warhawks. Bad news sells.
War is business. by other means.
As usually happens with these things, Trump’s threatened trade war against China, will break out into a shooting war at some stage.
Yes, Mauī you are right, ‘the US and Russia will start working together in some way,’ but it won’t be a good way.
Trump is busy working to form an axis with Russia against China.
The joint arms race is to intimidate (or if that fails, anihilate) the Chinese when their economy collapses under US tarriff trade barriers. And in their desperation they to make some sort of military break out.
The most likely hot spots for this miltiary break out will be some sort of border dispute, leading to full scale invasion and territory grab, either Tibet/India, or the North vs South Korean peninsular. Or even Vietnam China border.
Not sure if I agree with that Jenny. Russia and China are much closer partners than the US and Russia. And I think the US economy, like lots of other well off western countries is reliant on China and they won’t want to see the global ponzi economy come under any additional pressures.
I don’t think you have been listening mauī.
Putin has Trump in his pocket – after all it was Russian money that has kept the “Trump” Empire afloat via Deutsche Bank, as Wall St would not lend to him anymore. His business affairs have heavily involved Russian interests, His intended Secretary of State has a Russian Honor presented to him by Putin himself. The meddling in the US election by Russia was not coincidental.
On the other hand.. Trumps hamfisted “diplomatic” incursions via Tweeting and the social media wrt to China have stirred up much resentment within China, and there has been a great deal of sabre rattling and increasing aggressive statements towards the US in the government sponsored Chinese Press in recent days. Statements calling for an early response to the Taiwanese situation include hinted threats of invasion.
The US should well remember that if there ever was to be conflict between China and the US, one of the first casualties would be their ability to cloth themselves. The US is actually clothed by China. Trump may have his suits hand made in NY – but for the rest of the population, their Levis are sewn in China.
Arm’s races are always good for business.
Unfortunately, so are wars.
Which is why I say that production of defence equipment should not be done by profiteering businesses and that means that it must fully be done by government.
Yep trump and Putin what a pair of arseholes and dirty warmongers as anyone with a brain knew.
The problem is the Americans had a choice between a known warmonger and a loose cannon.
That is no longer the problem.
True that.
The problem now is Trump’s Orwellian propaganda
Another nail in the coffin of those, like PM, who believe the lies about the rebels of Wast Aleppo.
6 independent journalists and now the ex-British Ambassador to Syria say it’s a lie.
PM, Peter Swift and a few other gullible victims of the msm say it’s not.
Former UK ambassador to Syria accuses Foreign Office of lying about the country’s civil war.
They say what’s a lie, Paul? You never actually say what you mean, merely posting other people’s opinions on the subject. How about actually saying something yourself for once? What lies are you claiming I believe, and what lies are you claiming have been exposed by the people you keep quoting every day as though there were some point to it?
What do you believe, and why do you believe it? What evidence (i.e.reportage from witnesses at the scene) can you provide to support what you believe.
I think his sources are the White Helmets.
Laugh Out rather Loudly
What do you believe, and why do you believe it?
You seem to misunderstand the burden of proof, but I’ll play along. I believe that a lot of the rebels in east Aleppo are people who’ve had enough of living under a despotic hereditary dictatorship, and have therefore had the Assad regime and the Russian air force bombarding their city for years as punishment. There are also some al-Qaeda-affiliated religio-fascist murderers in east Aleppo, but no-one has a definitive answer on what the proportion is (well, the regime, Russia and Iran are happy to put numbers on it, but there’s an obvious reason for that which has nothing to do with a great love of accuracy). I personally find it dissatisfying to see a brutal dictator and his great-power patron carrying out a massive bombing campaign against a civilian population, but apparently some people are fine with it – Paul included, judging by the regime propaganda he posts. As to where I get that belief from: everything I see and read on the subject. Even Paul’s pal Cockburn says the Syrian government settles for simply bombarding rebel-held areas because it doesn’t have the ground forces to do much else.
So the proof that you’re offering is:
“everything I see and read on the subject.”
Do you believe this account?
https://www.youtube.com/watch?v=mgnTskvdYi0
If not, why not?
You are wasting your breath, Brigid.
I have posted the accounts of 6 independent journalists ( you now make it 7) and the ex-British Ambassador to Syria, who all challenge the narrative.
But pm knows better.
What narrative? And in what way do they challenge it? You still haven’t said.
So the proof that you’re offering is:
“everything I see and read on the subject.”
Do you believe this account?
Do I believe an account by a regime shill? Er, no, and for fairly obvious reasons. Are you imagining the Assad regime is a source of truth on this subject? That said, it is worthwhile having a look through the stuff Vanessa Beeley and Eva Barrett are putting out, as it gives you an idea of how the regime would like you to view its actions.
You didn’t watch that link did you?
You are a funny fellow.
Now.
Which ‘regime shill’ have Paul or I quoted or offered links to their work?
Of those that you think are, you need to offer proof that they are a ‘regime shill’.
Otherwise who is likely to believe you?
Oh yeah, I’m a laugh riot. Funny how you guys can never resist a personality assessment while you’re at it.
How do I know Vanessa Beeley is a regime shill? Well, let’s see – she entered east Aleppo courtesy of the Assad regime, talked to people the Assad regime let her talk to, and includes in her commentary only content that’s flattering to the Assad regime. Now, it could be that to you those are the hallmarks of independent journalism, but to me they’re hallmarks of a regime shill.
How perfectly reasonable. Demanding someone tells you their beliefs and requiring them to provide reasons and links for their personally held views.
Personally held views being propagated publicly and violently expressed.
sorry, which side are you talking about again?
Also, you forgot to quote these bits:
Ford, who has been accused of being an apologist for the Syrian regime…
…argued that Assad would win because “repression works”.
Top bloke, I can see why you like him.
An al Qaeda Christmas: the Touching Tale of How Hate Figures Became American Heroes
Umm, Paul you yourself quoted a report saying that AQ only made up around 11% of the insurgents in Aleppo. If that’s true how can you say that supporting the rebels was ipso facto supporting AQ?
Your quote;
“The reality is that al-Qaeda in Syria, now rebranded as Jabhat Fatah al-Sham (JFS) and ostensibly severed from al-Qaeda, had at most 900 fighters inside Aleppo City when this assault began, about 11% of a total insurgent force of 8,000, which has always been dominated in this area by nationalists. ”
What looks to be the original source;
http://www.reuters.com/article/us-mideast-crisis-syria-nusra-idUSKBN12E0R6
I am quoting sources to help you make an informed decision.
How about you answer the question Paul.
There’s a maths problem to be worked out here. ISIS had no presence in Aleppo and the islamist Al Nusra are reported to have made up only 11% of the rebel forces in Aleppo. If the remaining 89% of the insurgents aren’t al-Queda or Daesh then what are they?
Lesser-known swamp things: politicians and lobbyists get the high profile attention. But the creatures that lurk in the shadows claiming “science” to legitimise their paid lies might be even more vile.
In this instance, I’m referring to economists. That just make up stories to justify monopoly-making mergers. Trading on their “credentials” as “scientific experts”. The harm these guys do goes way beyond just increasing corporate power to rip us all off, they also destroy confidence in actual expertise leading to the situation where leaders can just dismiss experts presenting irrefutable facts with a breezy “I can provide you with another one that will give you a counterview.”
http://www.motherjones.com/politics/2016/12/these-professors-make-more-thousand-bucks-hour-peddling-mega-mergers
Another view on the strength of oligopolies in the US at present.
http://www.vox.com/policy-and-politics/2016/12/23/14052804/oligopoly-tim-wu
Interesting twitter feed exploration on ‘Bana’ – the seven year old girl who allegedly tweeted from eastern Aleppo and who was then pictured on Erdoğan’s lap just the other day after apparently being evacuated from Aleppo along the terrorist’s corridor as opposed to the one used by civilians and moderates.
https://twitter.com/BBassem7/status/811592983464198144
Don’t post other people’s opinions on the matter, Bill. It upsets pm.
He prefers to hear our own opinions- based on no evidence I guess.
Wow, that Bassem’s a real ugly piece of work.
I notice you still haven’t been able to write down what you’re actually trying to say with all the posts you make about the Syrian civil war, Paul. What conclusions are you trying to lead us to? Or do you just post things at random as some kind of spam project?
I have said this before.
The conclusion I have come to ( after reading and listening to Fisk, Cockburn, Oborne, Pilger, Bartlett, Hitchens and the ex-British Ambassador to Syria) is that we are being lied to by the western media about the events in Syria and in particular Aleppo.
I don’t know why the BBC, the Guardian, the New York Post and other news sources have become propaganda outlets. It could be, as Peter Hitchens generously says, that they don’t have the staff on the ground and innocently take those feeds. Or it could be that they are deliberately forming a pro-establishment narrative. The UK is heavily compromised by its relationship with Saudi Arabia; that I do know.
Anyway you have the right to come to your own opinion.
As do I.
“I don’t know why the BBC, the Guardian, the New York Post and other news sources have become propaganda outlets”…well they are ‘propoganda outlets’ on pretty much everything else..so why not Syria??
As you clearly know, the only way to even get a glimpse of ‘The Truth’, or something like it, is to engage in wide spread research from as many sources as possible.
Understanding Syria from the main News sources is about as realistic as flying to the moon in a 1968 Trekka.
Yes the Scots learnt how biased the BBC could be during the 2014 Scottish independence referendum.
As to Syria, I don’t know the exact motivation for the bias.
The fact Syria has so much coverage is bias in itself. Though I can guess why no one wants to talk about Yemen. .
https://www.youtube.com/watch?v=ZyUX7e7g_Zs
https://www.theguardian.com/world/yemen
The conclusion I have come to ( after reading and listening to Fisk, Cockburn, Oborne, Pilger, Bartlett, Hitchens and the ex-British Ambassador to Syria) is that we are being lied to by the western media about the events in Syria and in particular Aleppo.
Well, it would be odd if we weren’t – the first casualty of war is truth. However, you seem to have come to the conclusion that, because the western media are lying to us (more accurately, haven’t dwelt to Robert Fisk’s satisfaction on the involvement of Islamofascists on the rebel side), the stuff that regime supporters are peddling must be the truth. It’s real face-palm stuff.
Also, it’s a spam project and getting really, really tedious. We all know that Syria is a hellhole and know where to read about it if we want to. Paul’s endless stream of fully quoted articles and videos is wrecking the conversation on TS.
I think you mean well, but give it a rest please Paul. You aren’t participating in dialogue, you are shouting and spamming content with no effort to state your own goddamn opinion. Please stop abusing this forum.
Read this, bullet points 5 and 6
https://thestandard.org.nz/policy/#banning
Yes, the most important thing is damning the media elites and their collaboration with western imperialism because, well, you can’t possibly do that and condemn Assad, Twelvers, and their Russian offsiders as murderous thugs intent on suppressing any and all opposition by whatever means necessary, can you.
/
Susie Ferguson acting as a propaganda outlet for the establishment narrative.
‘The regime MP for Aleppo defends its approach to liberating Aleppo – and laughs when asked about civilian deaths’
She does not like it when people question her parroting of propaganda on her twitter feed.
Bruce King
@SusieFergusonNZ
A reason why I feel like giving up voting;
“Government sells off Tauranga’s state housing portfolio to Accessible Properties”
http://www.nzherald.co.nz/property/news/article.cfm?c_id=8&objectid=11771757
Selling public assets for less than half their worth should have been a public scandal that brought down a government or at least halted the looting of NZ’s state houses. Instead the deal went ahead with barely a whimper from the opposition.
Bomber sums up 2016 well.
Christmas 2016 – it’s a broken and cold Hallelujah
If you think this year has been bad – just wait until next year when the Chump takes office…
Then we surely will be on the Highway to Hell.
The UN got around to doing a Security Council vote on condemning Israeli settlements, with the US abstaining. Despite Trump and Netanyahu trying to delay it so it would go away later.
While it doesn’t even have the power of a wet bus ticket, it’s still a worthwhile symbolic move.
http://www.reuters.com/article/us-israel-palestinians-un-idUSKBN14C1IV
Agreed Andre
And immensly pleased to see that NZ was one of the four countries requesting the vote. At least we have done something positive in our term on the security council.
Of course the Chump immediately tweeted.
“As to the UN, things will be different after Jan 20.”
🙄
However, nice to see a US official say:
that “that until Trump’s inauguration on 20 January there was one US president – Obama.”
🙂
Of course the Chump immediately tweeted.
“As to the UN, things will be different after Jan 20.”
So this ugly, ignorant gorilla (as opposed to all the beautiful real gorillas) with the orange mop atop his head think he’s going to be in charge of the UN as well as the US? Because their HQ is domiciled in New York… does he think its an American institution? Wouldn’t surprise one little bit.
yep the chump is already the most idiotic pre-president ever and after he is in officially I am sure he will become the most idiotic president ever, if not the last one.
What makes you think that he’d be the last president?
He’ll fuck it up so bad the place will disintegrate into fiefdoms.
California has already stated that it will protect its citizens should the federal government overstep its mandate
http://www.huffingtonpost.com/entry/california-immigration-bills_us_5845f08ee4b02f60b02498e4
So if progressive states secede from the union, the progressive west coast will get most of the movie and IT industry. What’ll happen to the CIA & FBI given Virginia as fairly mixed state politically? Ditto Mayland home of the NSA?
It will never happen. Things are a bit more sophisticated than when the ‘Souixt’ happened in 1861.
Though when Trump takes his hands off that bible, all bets are pretty much off.
“ugly, ignorant gorilla”
Hmmm a rather percipient choice of words there Anne..
Did you have Carl Paladino in mind as well?
I think he trumps Trump in disgusting
Did you have Carl Paladino in mind as well?
No Macro I didn’t. I have only just caught up with Master Carl Paladino comments. To be honest, I can’t think of a word in the English dictionary that suitably describes such a detestable specimen of humanity.
God help America!
I heard on the 4 oclock news that Israel has withdrawn its Ambassador.
Oh Dear! How Sad! Never mind…
Fine by me. There’s no point in having any sort of relationship with such a despotic regime.
My thoughts entirely.
The Plight of New Zealand’s Freshwater Biodiversity
The Plight of New Zealand’s Freshwater Biodiversity
74 percent of freshwater life now threatened with extinction
NZ rivers will be ‘like Yangtze’
NZ rivers will be ‘like Yangtze’
Toxic algae found in Selwyn River at Glentunnel
Don’t tell me.
Is Russel Norman continuing his didymo spreading canoe tour of the South Island river systems?
Another rwnj happy with the destruction of our environment.
We need your hero president Assad to sort this out
Dr Joy should have a good walkabout of the Waimea Plains area before making pronouncements decrying all intensification.
The agricultural intensification that continues there is not dairy, it’s horticulture.
Hroticulture has far fewer downsides than dairy.
Also, a few years ago the area had a really intense drought, which would be pretty motivating.
Also, Tasman District Council appears to have done a far better job of public engagement than say Ruataniwha, so far.
Horticulture is on track to quickly surpass beef production as a New Zealand export earner.
Defending big ag.
That’s a brave stance.
OK…..
Nope, defending horticulture.
I made a clear distinction between dairy and horticulture.
Dr Joy does himself no favors sometimes.
Defending TDC is an interesting stance – considering the major conflicts of interest the mayor and several councillors have with regard to the Lee Valley Dam. They push the story that we will be in dire straits if there is another drought but fail to mention that those who benefit the most from the dam include themselves and their own properties and businesses.
Full list of the Tasman District Council Register of Interests, though still awaiting the new Council one from the new Councillors:
http://www.google.co.nz/url?sa=t&rct=j&q=&esrc=s&source=web&cd=3&ved=0ahUKEwig0pPnhIzRAhUCkJQKHarhD5QQFggoMAI&url=http%3A%2F%2Fwww.tasman.govt.nz%2Fdocument%2Fserve%2FInterest%2520Register%2520as%2520at%2520June%25202016.pdf%3Fpath%3D%2FEDMS%2FPublic%2FOther%2FCouncil%2F000000428249&usg=AFQjCNFnhEVyu7pHUGXnZ8SxRPFFclCCXw&sig2=lUL1_ZGpeXMaBbVr4pxKSg
Are there elected member interests that are missing that you can document?
Got research to back up what you say?
joy has lost all chance of being included with his grandstanding the man is a fool
Got research?
Because Joy does.
Course not
yes his research is what he should use , but claiming all animals would / should be out of the food chain by 2050 just makes him look like a loony fool,
If we want to maintain billions of people then he’s probably right.
🙄
Ever heard of Phosphates?
Take a look at the Corn belts of North America and the effects they have had on groundwater and surface runoff into the Great Lakes.
We are not talking dairy – or beef – production. Purely intensive mono culture maintained by massive quanties of artificial fertilisers.
+1
Then there is cropping to support the dairy industry. etc. It’s all just wrong.
Interesting comment. And probably true.
If one does not ‘toe the Party line’ you tend to be on the out. Though to its credit Massey is now far more supportive. But anyway, its called having principles and stating the facts as you see them, oh, yeah, and the facts as can be proven with Science.. But hey, what would a Senior Lecturer in Ecology / Zoology know.
Then again you have the likes of Waikato University professor of agri-business Dr Jacqueline Rowarth (a favorite in the NBR) who has boldly claimed…”it was “naive” to expect water quality in waterways could be restored to pristine conditions when it was already safe to drink.”
I would like to extend a personal invitation to Dr Rowarth to come down to the Bay and have a nice cup of water from the Tukituki.
Comparing hort to dairying doesn’t mean that hort is non-polluting, you’re looking at the wrong scale. We are so far from anything resembling sustainable despite the fact that we already have sustainable farming and land use tech in NZ. Promotion of export hort is akin to saying bring on climate change.
elephant in the room…..irrespective of whether we control agri/hort/aqua culture to preserve water quality and subsequently the environment the problem remains the same.
The equation is incredibly simple and at the same time impossible….the planet cannot support 7 plus billion human beings regardless ….either the population degrades or the environment does.
ultimately the population will collapse either way.
In depth journalism looking at our prison system.
Private business, public failure
Alec Baldwin feels sorry for Trump coz no one with any talent wants to go near his inauguration. So he’s offered to perform.
http://www.huffingtonpost.com/entry/alec-baldwin-fires-one-hell-of-a-zinger-at-donald-trumps-inauguration_us_585d549be4b0eb58648622b5
Glenn Greenwald: The State Of Journalism In The US
Well,as we all know Greenwald is a paragon of balanced journalism.
Actually Paul, just about anything you post seems to entirely come from activists with an agenda, or journalists who are notoriously opposed to the West. So in your view anything by the BCC, CNN, the Guardian et al is simply propaganda, but if it is from RT then obviously it is the truth. In the old days you would have been seen as a fellow traveller.
Of course it is your world view, but don’t expect your posts (with their long quotes from people you deem to be “authorities”) to be seen as anything other than partisan.
Do you trust ………
Patrick Cockburn?
Peter Hitchens ?
Robert Fisk ?
John Pilger ?
Peter Oborne ?
Or the ex-British Ambassador to Syria Peter Ford?
Would you describe these people as ‘ activists with an agenda, or journalists who are notoriously opposed to the West.’
Just wondering……
No I don’t trust them, they all have an axe to grind one way or another
Do you know who they are?
You might want to read and research these journalists, Wayne. You should know of them given the fact you were a MP….
Or was that last entry just a spray and run away?
Food for thought.
What did you think about the final analysis of the new cabinet?
More proof that private ownership which returns money without doing anything (otherwise known as usury) is simply bad for society.
Road paved with solar panels powers French town
Such a scheme is certainly worth looking into especially when we consider just how much land area roads take up.