Open mike 30/09/2010

Written By: - Date published: 6:00 am, September 30th, 2010 - 28 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…

28 comments on “Open mike 30/09/2010 ”

  1. Lazy Susan 1

    Good to see theEuropeans are waking up and pushing back.

  2. Lazy Susan 2

    Good to see the Europeans are waking up and pushing back.

  3. The Chairman 3

    Salary cuts for civil servants, pension reforms and new laws that make it easier for companies to fire workers sees anti-austerity protests erupting across Europe.

    Marchers were angry that governments, which spent vast sums rescuing banks, now said ordinary citizens had to accept austerity.

    You know a country is really feeling the hit, when its media starts printing the name of investors who are believed to bet betting against it.

    The Irish Independent declares that hedge funds are shorting the country’s debt:

    Read more:

    War profiteering has accompanied almost every armed conflict in human history, but rarely has it been so explicit

    Fortune has learned that the New York fund manager, whose father formed Halcyon Investment Management in the early 1980s, may raise a “geopolitical volatility fund” based on an investment thesis that Israel will strike. It’s called GeoVol, and draft marketing documents suggest a bifurcated structure of two long/short portfolios in commodities, equities, currencies and debt:

    ·”Portfolio A” would aim for medium returns on between 25 and 30 positions, and would be “designed to preserve capital in case of no strike or a delayed strike, but provide significant upside when the event occurs.”

    ·”Portfolio B” would aim for high returns on between 10 and 15 positions, and is “designed to maximize returns through the use of options, derivatives and leverage with a higher degree of risk due to option decay.”

    There have been plenty of funds predicated on economic events, including ones that make certain geopolitical assumptions. But a fund entirely based on war? That seems new.

    More here:

    China’s bizarre phenomena: buildings die unnaturally

    • Bored 3.1

      Bizarre and worryingly real. What we will do for money, even if it kills us in the process. Happy days.

    • Vicky32 3.2

      “Fortune has learned that the New York fund manager, whose father formed Halcyon Investment Management in the early 1980s, may raise a “geopolitical volatility fund” based on an investment thesis that Israel will strike. It’s called GeoVol, and draft marketing documents suggest a bifurcated structure of two long/short portfolios in commodities, equities, currencies and debt:

      ·”Portfolio A” would aim for medium returns on between 25 and 30 positions, and would be “designed to preserve capital in case of no strike or a delayed strike, but provide significant upside when the event occurs.”

      ·”Portfolio B” would aim for high returns on between 10 and 15 positions, and is “designed to maximize returns through the use of options, derivatives and leverage with a higher degree of risk due to option decay.”

      Dear Heaven! What lunatics capitalists are…

  4. Carol 4

    I think NZ workers need to have their own anti-austerity protests.

    I see the MSM is doing it’s best to report it in such a ways as to play down the effectiveness and reach of the protests. But it seems to me that it has the potential to become a widespread international movement.

    The message is pretty clear – No to austerity: priority to jobs

    I’m not so sure that the tag priority to growth,; is the best one to go with though. We need to move away from the neoliberal fixation on growth. A better word is needed to focus on the positive gains of building up the real economy.

    And this message is pretty clear too:
    Marchers were angry that governments which spent vast sums rescuing banks now said ordinary citizens had to accept austerity.

  5. Logie97 5

    Right Hand Rule change

    There may be a compelling reason for delaying the change until 2012 – after the World Cup.

    However given that we are the only “jurisdiction” in the world that operates this crazy law and given that we are told there are going to be thousands upon thousands of foreigners here for the World Cup and given that they will be hiring and driving vehicles, many after a “few” at party central, I would have thought that changing the law before the world cup would have been the obvious choice Joyce.

    And you could do it under “urgency” like you have done with so many of your legislation changes

    • Carol 5.1

      It’s just a distraction from more important and damaging things the government is doing. And they can pull it out again anytime leading up to the ACTUAL road rule change.

      • ianmac 5.1.1

        Yes Carol. A distraction away from the issue of .08 to .05 alcohol. Amazing amount of talk about the road rule change but little about the .08 or more importantly the CERRA. Funny that?

      • prism 5.1.2

        Really they are overstretched intellectually in govt – the old adage ‘they can’t walk and chew gum at the same time’ is rapidly becoming true. Probably its another of those flag waving decisions not thought through. ‘Look at me, I’m part of a government that does things’.

        How much money will it take to alter the road and traffic signals alterations to manage the differing traffic flow? This is usually paid for by local bodies who of course have to front up to central government demands and the costs incurred and then have Wodney saying that their profligate and putting rates up too much.

        A way of reducing intersection and roundabout accidents would be to have everyone to slow slightly before entering, taking a moment to assess traffic flow and giving valuable seconds when waiting cars could enter and move off. Another would be to promote an attitude of courtesy and sharing the roads, allowing others into traffic etc, rather than driving as a complacent, isolated individual using his rights of way and excluding other drivers. Also just being ready at the lights and not having the initial cars wasting precious seconds looking for the gear lever would allow a line of traffic to clear completely, and of course keeping a steady speed as one approaches lights, some manage well to just creep across and the rest get the red!

  6. The Chairman 6

    China – the world’s richest poor country

    China spent tens of billions of dollars on a dazzling 2008 Olympics.

    It has sent astronauts into space.

    It recently became the world’s second-largest economy.

    Yet it gets more than US$2.5 billion ($3.4 billion) a year in foreign government aid – and taxpayers and lawmakers in donor countries are increasingly asking why.

    • Colonial Viper 6.1

      Why? I’d say that donor countries prefer to have China as their good mate, (as opposed to say, Sudan or Eritreia.)

  7. Pascal's bookie 7

    Some quotes from a recent speech, guess who?

    I want to talk about the corruption of the democratic process, and about forces willing to sabotage this country’s economic future for private gain…

    …Oil companies like Valero and Tesoro and Frontier are blatantly trying to manipulate the will of the people and the good….

    …The effort is similar to the conspiracy hatched among oil companies in the 1920s to get rid of light rail systems. Then, the companies bought up the easements for light rail systems in 45 cities and then systematically dismantled them….

    …2/3 of XXXXXX approve our state law to reduce carbon dioxide emissions. But you know who the two most prominent opponents are?…Valero and Tesoro, also two of the state’s top polluters. They’re behind an initiative on the November ballot called Proposition 23, which would suspend our law to reduce greenhouse gas emissions. But in reality, because of the fine print when it comes to unemployment, they really don’t want to just suspend it, they want to kill this initiative, they want to kill our laws….

    …Does anyone really believe that these companies that out of the goodness of their black oil hearts are spending millions and millions of dollars to protect jobs?…

    …Those who seek to overturn our carbon reduction law say that the green-tech future is too costly. Another excuse, great, great excuse, huh?

    But here’s what they don’t want to tell you. the cost calculations doesn’t include the increased of cost doing business their way, the old way. They don’t include the cost of rising oil prices as the developing world demands more and more oil.

    They don’t include the costs of job losses that is rising oil prices will force.

    They don’t include the costs of hundreds of billions of dollars in tax breaks that have gotten and continued to get.

    They don’t include the costs of pollution that are already causing — the cost, for instance, to hundreds of thousands of Americans who die every year from smog-related diseases.

    They don’t include also the cost of 6.5 million hospital visits a year for smog-related illnesses.

    They don’t include the cost of the NEXT War over Oil. And believe me, eventually it will come as we become more and more dependent on Oil. I mean, I think that we have had enough wars in the Middle East because of Oil.

    Related quote from a previous life: “Well, I may not have been in show business for as long as you have. But I’m a quick learner. And right now, I’m going to give the audience what *I* think they want”

  8. Lanthanide 8

    Just so people know, petrol is going up 7c tomorrow due to GST and excise tax increases. Might want to fill up today.

  9. Blighty 9

    “US astronomers have discovered an Earth-sized planet that they think might be habitable. …The planet circles a star that is 193 trillion kilometres away, which is closer than most stars.”

    yes because nearly all stars are in different galaxies.

    I hate science news written by airhead journos. The article doesn’t mention the distance in lightyears (20) or the temperature of Gliese 581 g (-12 to -31 C, really close to Earth) or that’s its tide-locked. Doesn’t even mention that the Kepler project has now found 7 planets and possibly 700 more in a little over a year, looking at one tiny section of space.

  10. Has anyone noticed what “interesting” friends Key has.He was friends with the chap,that ended up,murdered in Australia who turned out to be a swinger . Now according to New Stateman (UK) his very close friend former vice Chairman of the Conservative Party Lord Ashcroft avoided paying 3.4.million pounds in tax ahead of a tax rule change .Lovely people !!!

    • True Blue 10.1

      Its also interesting what friends Helen Clark had, Philip Field who ended up in jail,and Chris Carter a depressed nutbar.

      [lprent: How about changing your e-mail from being all capitals so I don’t have to keep rescuing it from spam. The anti-spam engine (like me) has a poor opinion of shouters even in hidden fields. It is a troll trait. ]

  11. Look out Wellington, prepare to lose all your constitutional rights

    • prism 11.1

      This link now covers the Plimmerton train derailment.

    • Lanthanide 11.2

      While I appreciate the joke, I do think it is in quite poor taste. While 98% of Christchurch has gotten away only lightly scathed, there are still hundreds of people who have lost their houses or livelihoods, or will be faced with living with port-a-loos for at least the next year.

  12. joe90 12

    Matt Taibbi,
    Tea & Crackers.
    How corporate interests and Republican insiders built the Tea Party monster

  13. just saying 13

    A good summary by Bryce Edwards of the Green Party grassroots backlash against the parliamentarian’s CERRA vote.

    I still have a kind of pathetic hope for a Uturn from the Greens – biff out Norman and get back on track. I don’t think it’s a realistic hope and I feel sad about it.

    Carol, you are quoted.

  14. ianmac 14

    A bit late in the day but
    A brilliant Satirical piece by James Griffin:
    The Little Bald Leader had started talking at them some time ago and there was no sign he would be stopping any time soon. As he warmed to his task, rivulets of sweat had started dribbling down his face. They seemed to be emerging from the top of his head, like leaks from little BP oil rigs…..

Links to post

Recent Comments

Recent Posts

  • Government announces significant expansion of Wellington Regional Hospital ED
    The Government is backing a significant expansion of Wellington Regional Hospital’s Emergency Department, Health Minister Dr Ayesha Verrall has announced. “Government funding to expand Wellington ED will enable Te Whatu Ora to progress plans for a new, larger, fit-for-purpose facility, featuring an additional 35 spaces. Enabling works are due to ...
    16 hours ago
  • New Zealander elected to chair influential international wine organisation
    Trade and Agriculture Minister Damien O’Connor is welcoming the election of New Zealand’s candidate, Dr John Barker, as Director General of the International Organisation of Vine and Wine (OIV) at a meeting this evening in Spain. “This is a very good day for our wine industry. Dr Barker’s election marks ...
    1 day ago
  • Peke Waihanga chair reappointed
    Associate Minister for Social Development and Employment, Priyanca Radhakrishnan, has announced the reappointment of George Reedy as chair of Peke Waihanga – Artificial Limb Service. Mr Reedy has been appointed as chair until the end of 2024. “Mr Reedy is an experienced Chair, and I am confident that he will ...
    2 days ago
  • District Court Judges appointed
    Tania June Warburton, Tania Margaret Sharkey and Ali’imuamua Sandra Alofivae have been appointed as District Court Judges, Attorney-General David Parker said today. The appointees will take up their roles in July, August and September respectively, replacing judges who are about to retire. Tania June Warburton, solicitor of Wellington, has ...
    2 days ago
  • New Commerce Commission appointment
    Commerce and Consumer Affairs Minister Dr Duncan Webb has today announced the appointment of Anne Callinan as the new Deputy Chair at the Commerce Commission. “Anne Callinan is a senior commercial litigation partner and the Chair of Simpson Grierson. She has over 30 years’ experience in commercial litigation, acting as ...
    2 days ago
  • Aotearoa New Zealand's Place in a Troubled World: Partnership and Partnering to deliver interna...
    Introduction – mihi whakatau “Mānawa maiea te putanga o Matariki, Mānawa maiea te ariki o te rangi, Mānawa maiea re Mātahi o te Tau” "Celebrate the rising of Matariki, Celebrate the rising of the Ariki of the sky, Celebrate the rising of the New Year." This invitation to join you ...
    2 days ago
  • Public feedback wanted on improvements of building consent system
    The next step in improvements to the building consent system gets underway with the sector and public encouraged to have their say on how it could be improved, Minister for Building and Construction Dr Megan Woods says. “Following last year’s consultation, we have developed options to get a more efficient ...
    2 days ago
  • Inaugural Australia–New Zealand Climate & Finance Summit
    Finance Minister Grant Robertson and Climate Minister James Shaw have met in Wellington with their Australian counterparts, Treasurer Jim Chalmers and Climate and Energy Minister Chris Bowen, for the inaugural Australia–New Zealand Climate and Finance Ministers’ meeting. The Ministers discussed areas of enhanced cooperation, supporting accelerated climate action and once-in-a-generation ...
    3 days ago
  • Government investing in more sustainable, lower impact forestry industry
    The Government is making a start on a more sustainable forestry industry with investments into a bioenergy plant, research into biomass and better forestry practices, Forestry Minister Peeni Henare announced today. “The Ministerial Inquiry into Land Use recognised current forest harvest practices are not sustainable. In some parts of the ...
    3 days ago
  • Freshwater farm plans being phased in
    Freshwater farm plans to help farmers improve local waterways will be progressively phased in across the country, Agriculture Minister Damien O’Connor and Environment Minister David Parker said today.  Cabinet has confirmed the freshwater farm plan regulations, which are part of the Government’s Essential Freshwater package, to improve freshwater health and ...
    3 days ago
  • Govt wishes Special Olympics team well
    Sport and Recreation Minister Grant Robertson and Disability Issues Minister Priyanca Radhakrishnan have wished the 39-strong New Zealand Special Olympics squad heading to Berlin the best of luck. The New Zealand athletes departed for Germany today and will begin competing from next week. “The athletes heading to the Special Olympics ...
    3 days ago
  • Proposed temporary change to allow mixed waste burning on East Coast rural land
    A proposed temporary law change would enable rural Hawke’s Bay and Tairāwhiti landowners dealing with masses of cyclone and flood debris to burn mixed waste so they can replant and return their land to productivity, Environment Minister David Parker said today. The proposed short-term law change would ensure that any ...
    4 days ago
  • Emergency Management Bill introduced
    Legislation introduced in Parliament today will ensure New Zealand’s emergency management system learns the lessons of recent and previous responses to natural disasters, including severe weather events and other emergencies. The Emergency Management Bill replaces the two decades old Civil Defence Emergency Management Act 2002. “The strength of our emergency ...
    4 days ago
  • New Zealand Fiji reaffirm close relationship
    Prime Minister Chris Hipkins and Prime Minister Sitiveni Rabuka met in Wellington this morning, reaffirming the strength and spirit of New Zealand and Fiji’s relationship, as outlined in the Duavata Relationship Statement of Partnership. “New Zealand and Fiji are connected by a kinship forged in Pacific culture, identity and interests, ...
    4 days ago
  • Primary teachers' top base salary step to rise to $100,000
    Primary teachers have agreed to the Government’s pay offer which will see the top base salary step rise to $100,000 by December next year. The settlement will also see a number of improvements to primary teachers’ conditions, including more than double the classroom release time they currently have to ...
    4 days ago
  • SH25A Bridge construction to get underway in next fortnight
    Associate Transport Minister Kiri Allan has announced the construction plan for the bridge on State Highway 25A that will reconnect the Coromandel peninsula, bringing more certainty to the region’s recovery efforts. “The Government is committed to reconnecting Coromandel communities quickly, and this plan to repair the damage along the highway ...
    4 days ago
  • Speech to the Seafood Sustainability Awards 2023
    Tena koutou katoa and welcome to Parliament. It is a great pleasure for me to host you here today, for the second New Zealand Seafood Sustainability Awards. The awards started in 2020 and officially, are to be held every two years. But as with so many things, COVID got in the ...
    4 days ago
  • Equal gender representation on public sector boards for third year in a row
    Representation for women on public sector boards and committees is the highest it’s ever been with wāhine now making up 53.1 percent of public board and committee members,” Minister for Women Jan Tinetti said. Manatū Wāhine Ministry for Women’s 2022 stocktake of public sector boards and committees shows for the ...
    4 days ago
  • New law passes on child support to sole parents
    A new law enabling sole parents on a benefit to receive child support payments for their tamariki was passed in Parliament today. “This change is estimated to lift as many as 14,000 children out of poverty and give families a median of $20 extra a week,” said Social Development and ...
    4 days ago
  • New moves to curb youth vaping
    Crack down on disposable vapes   No new vape shops near schools or marae Restricted descriptions for product flavours The Government is taking action to reduce the number of young people taking up vaping, Health Minister Dr Ayesha Verrall has announced. “Too many young people are vaping, which is why we’re ...
    4 days ago
  • Fiji Prime Minister Rabuka to visit New Zealand
    Fiji Prime Minister Sitiveni Rabuka will visit New Zealand this week, Prime Minister Chris Hipkins announced today. “Prime Minister Rabuka officially visited New Zealand in 1998, over 25 years ago, and we look forward to welcoming him here once again,” Chris Hipkins said.  “New Zealand and Fiji have a long ...
    5 days ago
  • Sports stars and administrators honoured
    The King’s Birthday and Coronation Honours List 2023 includes sporting stars and administrators who reflect the best of New Zealand’s sporting community. Sir Wayne Smith has been knighted for services to rugby. Sir Wayne was Assistant Coach of the All Blacks at the 2011 and 2015 Rugby World Cups and ...
    6 days ago
  • Kapa Haka rangatira amongst those honoured on King’s Birthday
    Ehara taku toa i te toa takitahi, engari he toa taki tini ‘My success is not mine alone, but that of the people” The King’s Birthday and Coronation Honours list 2023 celebrates Māori from all walks of life, reflecting the achievements of those who have made a significant contribution to ...
    6 days ago
  • King’s Birthday Honours recognise strength of service to NZ
    The strength and diversity of service in New Zealand is a standout feature of today’s King’s Birthday and Coronation Honours list, Prime Minister Chris Hipkins said. “Each of today’s 182 recipients has contributed individually to our country. Viewed collectively, their efforts reflect an overwhelming commitment to service.” Chris Hipkins said. ...
    6 days ago
  • Closer defence cooperation between New Zealand and Japan
    The Defence Ministers of New Zealand and Japan have signed a statement of intent for closer defence cooperation between the two Pacific regional partners. Andrew Little and H. E. Yasukazu Hamada met to sign the ‘Statement of Intent on Defence Cooperation in Maritime Security, Humanitarian Assistance and Disaster Relief and ...
    6 days ago
  • SPEECH: To the IISS Shangri-La Dialogue 2023 by the Honourable Andrew Little MP, New Zealand Ministe...
    New Zealand’s most recent defence assessment identified climate change and geostrategic competition as the two greatest security challenges to our place in the South Pacific. To the first issue, partners engaging and re-engaging with Pacific Island Countries are finding that climate change is a security and existential threat in our ...
    1 week ago
  • Govt supporting more rangatahi into training and employment opportunities
    The government is continuing to support rangatahi in providing more funding into Maori Trades training and new He Poutama Rangatahi programmes across Aotearoa. “We’re backing 30 new by Māori for Māori Kaupapa employment and training programmes, which will help iwi into sustainable employment or progress within their chosen careers” says ...
    1 week ago
  • Energy self-sufficient marae reopens with support of Government investment
    Murihiku Marae was officially reopened today, setting a gold standard in sustainable building practices as well as social outcomes for the people of Waihōpai Invercargill, Regional Development Minister Kiri Allan says. “The marae has been a central hub for this community since the 1980’s. With the support of $9.65 million ...
    1 week ago
  • First major Whangārei public housing project in a generation complete
    The first major public housing development in Whangārei for decades has reached completion, with 37 new homes opened in the suburb of Maunu today. The project on Tapatahi Crescent and Puriri Park Road, consists of 15 one-bedroom, 4 two-bedroom, 7 three-bedroom, 8 four-bedroom and 3 five-bedroom homes, as well as ...
    1 week ago
  • Trade Minister to represent New Zealand trade interests abroad
    Trade and Export Growth Minister Damen O’Connor will depart tomorrow for London to represent New Zealand at the Commonwealth Trade Ministers’ Meeting and then to Paris to vice-chair the OECD Ministerial Council Meeting. “My travel to the United Kingdom is well-timed, with the United Kingdom Free Trade Agreement (UK FTA) ...
    1 week ago
  • Bill to boost national fuel resiliency introduced
    The Fuel Industry (Improving Fuel Resilience) Amendment Bill would: boost New Zealand’s fuel supply resilience and economic security enable the minimum stockholding obligation regulations to be adapted as the energy and transport environment evolves. “Last November, I announced a six-point plan to improve the resiliency of our fuel supply from ...
    1 week ago
  • Faster ACC payment top-ups and fairer system
    The Government is making sure those on low incomes will no longer have to wait five weeks to get the minimum weekly rate of ACC, and improving the data collected to make the system fairer, Minister for ACC Peeni Henare said today.  The Accident Compensation (Access Reporting and Other Matters) ...
    1 week ago
  • Compulsory code of conduct for school boards introduced
    A compulsory code of conduct will ensure school board members are crystal clear on their responsibilities and expected standard of behaviour, Minister of Education Jan Tinetti said. It’s the first time a compulsory code of conduct has been published for state and state-integrated school boards and comes into effect on ...
    1 week ago
  • Speech to the New Zealand Federation of Commercial Fishermen annual conference.
    Tena koutou katoa and thank you, Mayor Nadine Taylor, for your welcome to Marlborough. Thanks also Doug Saunders-Loder and all of you for inviting me to your annual conference. As you might know, I’m quite new to this job – and I’m particularly pleased that the first organisation I’m giving a ...
    1 week ago
  • Govt to support councils with buyout and better protection of cyclone and flood affected properties
    The Government will enter into a funding arrangement with councils in cyclone and flood affected regions to support them to offer a voluntary buyout for owners of Category 3 designated residential properties. It will also co-fund work needed to protect Category 2 designated properties. “From the beginning of this process ...
    1 week ago
  • Government delivers changes to reduce pokies harm
    The Government has announced changes to strengthen requirements in venues with pokie (gambling) machines will come into effect from 15 June. “Pokies are one of the most harmful forms of gambling. They can have a detrimental impact on individuals, their friends, whānau and communities,” Internal Affairs Minister Barbara Edmonds said. ...
    1 week ago
  • Government delivers 1800 additional frontline Police
    The total Police workforce is now the largest it has ever been. Police constabulary stands at 10,700 officers – an increase of 21% since 2017 Māori officers have increased 40%, Pasifika 83%, Asian 157%, Women 61% Every district has got more Police under this Government The Government has delivered on ...
    1 week ago
  • Minister Mahuta talks Pacific ambitions at the first Korea-Pacific Leaders’ summit
    Minister of Foreign Affairs, Hon Nanaia Mahuta met with Korea President Yoon, as well as Pacific Islands Forum Secretary General Henry Puna, during her recent visit to Korea.  “It was an honour to represent Aotearoa New Zealand at the first Korea – Pacific Leaders’ Summit. We discussed Pacific ambitions under the ...
    1 week ago
  • Government drives $2 billion of business research and development
    The Government’s Research and Development Tax Incentive has supported more than $2 billion of New Zealand business innovation – an increase of around $1 billion in less than nine months. "Research and innovation are essential in helping us meet the biggest challenges and seize opportunities facing New Zealand. It’s fantastic ...
    1 week ago
  • Achieving lift off: National Space Policy launched
    The next ‘giant leap’ in New Zealand’s space journey has been taken today with the launch of the National Space Policy, Economic Development Minister Barbara Edmonds announced. “Our space sector is growing rapidly. Each year New Zealand is becoming a more and more attractive place for launches, manufacturing space-related technology ...
    2 weeks ago

Page generated in The Standard by Wordpress at 2023-06-10T14:00:03+00:00