Rule by rentiers

Written By: - Date published: 8:44 pm, June 24th, 2011 - 31 comments
Categories: uncategorized - Tags:

Fascinating column by Paul Krugman in the NYT. America’s growth is slowing, and Federal Reserve Chairman Ben Bernancke has just anounced that he doesn’t understand why the recession is going on so long. Krugman’s focus is on employment, and he says:

The latest economic data have dashed any hope of a quick end to America’s job drought, which has already gone on so long that the average unemployed American has been out of work for almost 40 weeks. Yet there is no political will to do anything about the situation. Far from being ready to spend more on job creation, both parties agree that it’s time to slash spending — destroying jobs in the process — with the only difference being one of degree.

Krugman’s analysis of the problem:

Consciously or not, policy makers are catering almost exclusively to the interests of rentiers — those who derive lots of income from assets, who lent large sums of money in the past, often unwisely, but are now being protected from loss at everyone else’s expense.

Ask for a coherent theory behind the abandonment of the unemployed and you won’t get an answer. Instead, members of the Pain Caucus seem to be making it up as they go along, inventing ever-changing rationales for their never-changing policy prescriptions.

While the ostensible reasons for inflicting pain keep changing, however, the policy prescriptions of the Pain Caucus all have one thing in common: They protect the interests of creditors, no matter the cost.

Sound familiar? Tax cuts and asset sales, for example?

31 comments on “Rule by rentiers”

  1. dupdedo 1

    Nope. America needs to slash. I think they have already gone over tipping point though.

    • Colonial Viper 1.1

      Yes, save the people by slashing and scrapping the people.

      Makes perfect sense.

  2. Adolf Fiinkensein 2

    Krugman to economics is like Ghadafi to human rights.

    • Bored 2.1

      Adolf, you may be right or wrong about Krugman: I neither know nor care. The message however is another piece of the puzzle that neo lib economists have been keen to hide from. Adam Smith way back went on about the nature of rentier behavoir and how damaging it was to economies. Its one of those big fat elephants in the room that the establshment pretend is not there whilst they indulge themselves in the loathsome activity of acting as rentiers.

    • KJT 2.2

      Didn’t you mean Freidman and Stalin..

      Krugman, along with Keynes, are one of the few economists whose ideas have some correlation with what actually happens.

      • Colonial Viper 2.2.1

        Rentier capitalism – a term used in Marxism. This is we increasingly have in NZ now.

        http://en.wikipedia.org/wiki/Rentier_capitalism

        Rentier capitalism is a term used in Marxism and sociology which refers to a type of capitalism where a large amount of profit-income generated takes the form of property income, received as interest, intellectual property rights, rents, dividends, fees or capital gains.

        The beneficiaries of this income are a property-owning social class who, it is argued, play no productive role in the economy themselves but who monopolise the access to physical assets, financial assets and technologies.

        • RedLogix 2.2.1.1

          Worth noting CV that Krugman is very clear by how he is using the term ‘rentier’ in this context:

          Who are these creditors I’m talking about? Not hard-working, thrifty small business owners and workers, although it serves the interests of the big players to pretend that it’s all about protecting little guys who play by the rules. The reality is that both small businesses and workers are hurt far more by the weak economy than they would be by, say, modest inflation that helps promote recovery.

          No, the only real beneficiaries of Pain Caucus policies (aside from the Chinese government) are the rentiers: bankers and wealthy individuals with lots of bonds in their portfolios.

          Krugman is referring to a much narrower class of uber-wealthy than the now rather dated concept that Marx had in mind.

          • Colonial Viper 2.2.1.1.1

            Thanks RL. In my interpretation bonds remain a class of asset which falls perfectly into the definition of rentier capitalism, its just that in the US even the top 5% of the wealthy are falling way way behind the top 0.1% uber-wealthy.

            In other words, the top tiers of the US plutocracy are becoming ever more noticeably stratified within themselves.

      • Rusty Shackleford 2.2.2

        How did the bail outs go? Can you give one example of Keynesian econ working as it was prescribed? It didn’t work during the great depression. The opposite worked during the depression of 1920. Harding slashed the govt budget and refused to stimulate. No long depression.

        • KJT 2.2.2.1

          More alternative reality from Rusty.

          RWNJ’s really do live in a parallel universe.

          The opposite to what really happened.

          Investment in infrastructure got the economy going, then the austerity types got back in and killed it.

          Keynes was describing what actually happened.

        • RedLogix 2.2.2.2

          I guess history is easy Rusty if you just re-write it all the time to suit yourself.

          You may have forgotten that Keynes wrote his seminal works in response to the disaster of the Great Depression

          From Keynes wikipedia page:

          Keynes had begun a theoretical work to examine the relationship between unemployment, money and prices back in the 1920s.[24] The work, ‘Treatise on Money’, was published in 1930 in two volumes. A central idea of the work was that if the amount of money being saved exceeds the amount being invested – which can happen if interest rates are too high – then unemployment will rise. This is in part a result of people not wanting to spend too high a proportion of what employers pay out, making it difficult, in aggregate, for employers to make a profit.

          At the height of the Great Depression, in 1933, Keynes published ‘The Means to Prosperity’, which contained specific policy recommendations for tackling unemployment in a global recession, chiefly counter cyclical public spending. The Means to Prosperity contains one of the first mentions of the multiplier effect. While it was addressed chiefly to the British Government, it also contained advice for other nations affected by the global recession. A copy was sent to the newly elected President Roosevelt and other world leaders. The work was taken seriously by both the American and British governments, and according to Skidelsky, helped pave the way for the later acceptance of Keynesian ideas, though it had little immediate practical influence.

          In the 1933 London Economic Conference opinions remained too diverse for a unified course of action to be agreed upon.[25]

          • Draco T Bastard 2.2.2.2.1

            A central idea of the work was that if the amount of money being saved exceeds the amount being invested – which can happen if interest rates are too high – then unemployment will rise.

            Actually, there’s a problem there that Keynes doesn’t address and that is that savings earn interest. Doesn’t matter what the value of interest is it will always result in ever more money being taken out of the economy resulting in the economy dropping back into recession and, eventually, depression. This is especially true if it’s the government borrowing the money as the government is expected to always pay their debts and so government bonds become a risk free strategy to increase personal wealth at everybody else’s expense.

            The government should never borrow money but should print it and balance the amount printed by levying taxes – especially taxes on savings. One way that’s been suggested is that money decreases in value by a set amount per time period that it stays one persons/legal entities hands. Oh, and the fractional reserve banking system needs to be dropped as well to stop private banks from printing money.

        • Colonial Viper 2.2.2.3

          How did the bail outs go? Can you give one example of Keynesian econ working as it was prescribed?

          The “bail outs” were used to offset massive banking paper losses; not used to create real jobs for ordinary workers in the real economy (unlike the WPA program in the 1930’s which directly created several million American jobs).

          So what we saw in 2008/2009 was not a Keynesian bail out, it was a transfer of public wealth to the financial elite.

          But you knew this already.

          • georgecom 2.2.2.3.1

            or put another way, the bailouts were about keeping the monetary systems functioning, credit circulating and to restore some confidence the world of finance. To use a local example, along the lines of the financial guarantee scheme put in place by Cullen and on which SCF has drawn. The guarantee scheme was not about creating jobs for those left unemployed when globalsied neo-liberal capitalism blew apart, it was about trying to keep money markets and finance functioning.

            A keep people in work scheme may be the home insulation project.

  3. mikesh 3

    I don’t think they need to slash, but they do need to put money into real production rather than simply bail out the banks.

    • Bored 3.1

      The banks should never have been bailed out by the taxpayers worldwide without taking total ownership. In effect the banks have been allowed to take their debt from dubious practices, give it to the public and charge interest for it. Its like me charging the bank for my mortgage…total larceny.

    • KJT 3.2

      If they had put the stimulus directly into bailing out mortgagees and small business, instead of giving it to the banks to continue their betting games with, they may have done some good.

      • Colonial Viper 3.2.1

        The US has a $2T infrastructure deficit.

        http://growth.newamerica.net/publications/policy/the_infrastructure_deficit

        Tens of billions in printed new money could have gone to projects building and repairing bridges, rail, power systems, water.

        The Federal Govt under Obama could have directly employed six million or seven million Americans to meet dire US infrastructure needs at both the Federal and State level.

        But it wasn’t even discussed as something to consider.

        • georgecom 3.2.1.1

          An excellent reminder of what needed to happen in the US, invest in infrastructure. Rather than more neo-liberal myopia of tax cuts – tax cuts – tax cuts the US should have diverted a substantial amount of money into public works and green keynesian projects. They put some in as I remember however it seems clear that the need remains.

          If the US state has a debt crisis, one simple answer, let the Bush tax cuts cancel out. Those on super high incomes actually have to face a new reality, paying taxes. That’ll be a novel experience for them. Some of that money can be used for the deficit maybe, some of it can be diverted to infrastructure fix ups along with a focus on energy efficiancy & green power production etc.

          Seems there is a lesson for NZ in this as well. I’ll put aside the actual fact that Englishes ‘tax switch’ has nicely lined the pockets of his & Brashes support base, as well as required the government to borrow several billion per year to pay for it. The ‘tax switch’ itself was a fairly weak attempt at altering our tax base.English knows what he should have done with the tax system, or should have known if he bothered to have a look. A capital gains tax, financial services tax and make a start on implementing pollution taxes. His ‘switch’ should have been based on a broad fairness criteria with cuts spread far more evenly across the population – greater cuts to the bottom rate(s) and less on the high rate(s). The extra revenue generated by the new taxes would help alleviate the debt (which itself would be significantly smaller if English hasn’t botched the tax cuts) & allowed tax cuts for the many, not just the few.

          The government doesn’t so much have a debt problem as an income crisis, exacerbated significantly by Englishs botched cuts.

          Along with real and meaningful changes to the tax system, English should have focused on ‘green new deal’ type projects. – to benefit the economy, employment and the environment. Long term I don’t think GND projects alone are enough to save us from climate change or energy deficits. They would however make a start and pave the way for better changes. The home insulation project was a good idea, some credit to the government for seeing the benefit of that. Rail fix ups should have been part of any package along with other public transport projects that can be identified. By now the rail tunnel should be on the books and some of the RoNS rubbish bined for good. Another glaring issue must be waste water systems in smaller communities. The Labour government put in place part funding to facilitate waste water upgrades. National should have increased the funding into that.

          In the meantime the US and NZ has been wasting time on making a start on reforming finance & taxation, keeping people in work and laying some of the foundations for a more sustainable society.

  4. Draco T Bastard 4

    And the first two comments go to delusional RWNJs advocating the policies that obviously aren’t working.

    They protect the interests of creditors, no matter the cost.

    And that was exactly what the SCF bailout was about. SCF shouldn’t have been in the RDGS as it was crumbling before hand and couldn’t meet the strict criteria and yet it was brought in and then bailed out when it crashed as expected. There’s only one reason for that – to cover the risk takers with everyone else’s money.

  5. Afewknowthetruth 5

    Mistake #1. Allowing money-lenders to set up fractional reserve banking in England.

    Mistake #2. Allowing the bankers to establish fractional reserve banking throughout the world.

    Mistake #3. Constructing an economy predicated on the use of coal.

    Mistake #4. Constructing an economy predicated on the use of oil.

    Mistake #5. Promoting population overshoot.

    Mistake #6. Allowing the trading of financial derivatives.

    So now all the chickens are starting to come home to roost: peak oil, peak coal, out-of-control debt levels that will led to unravelling of fractional reserve banking and derivatives, more people chasing declining resources ….and all of that before we even mention environmental collapse.

    Anyone who thinks there is a solution to the mess [that has been building for 400 years] which not involve extreme hardship for most people is delude or insane.

    However, we can be sure that politicians (and the mainstream media) will continue to stay well clear of all the fundamental reasons for what is happening, and continue to pretend they can steer the Titanic, even after it has hit the iceberg and is starting to sink.

    We live in such interesting times.

    (Krugman and his commentary are irrelevant, of course)

  6. (Krugman and his commentary are irrelevant, of course)

    From your analysis I presume you think that all commentary is irrelevant – including your own?

    Have you ever thought that there might be more to life than survival – i.e., not how long you live, but how you live?

    I believe primarily in the latter so, for me, even if I know for sure that the world will explode tomorrow, there’s still a job for me to do today – to live correctly, to rail against injustice, to help those who need help, to provide comfort, to try to understand this event we call ‘life’, etc..

    All of us will die and one day our planet will be no longer. So?

    It is actually that prediction (whatever the time scale) that is truly irrelevant to the task of life.

    BTW, I agree with most of your propositions/Mistakes. I also think that social collapse is far more likely to ‘get us’ before complete environmental collapse (though, of course, they usually go in tandem to some degree).

    In that sense, I’m probably a tad more pessimistic than you.

  7. Afewknowthetruth 7

    ‘ I presume you think that all commentary is irrelevant’

    That is a very strange presumption.

    What I am saying is that all commentary and analysis which ignore the fundamentals -energy, the nature of money, the environment etc,- is irrelevant. In other words anything presented by mainstream media or connected with mainstream culture is usually irrelevant to our prdicament (or totally misleading).

    On the other hand, there is plenty of very worthwhile commentary elsewhere -such as on Nature Bats Last. However, since the bulk of society is caught in the web of deceit spun by mainstream culture, few people make the effort to look elsewhere.

    Yes, how you live is extremely important. Most people have abandoned all the basics taught by such people as Jesus. However, if you don’t survive the rest of today, you cannot discuss how to live tomorrow. 🙂

    We have reached the point of at least 30,000 people a day being ‘murdered’ by the economic system Bernanke and Krugman advocate. And the number will increase as the oil supply decreases and climate instability take their toll.

    The trouble is, most people in western societies seem to think that morality is a brand of energy drink.

    • I’m genuinely pleased to hear that.

      I think we’re pretty much in agreement on many points. There are fundamental problems with the entire way we organise our human world today – even, or especially, those things people take as givens but which are very recent ‘inventions’ (money, modern economies).

      I was reacting to what I sensed was a fatalism that implied there was nothing to be done or said because we’re all doomed.

      It’s always seemed to me that the very time to really ‘do something’ was in the context of actual doom. Not necessarily to avoid the doom (though that might be a nice unintended consequence), but to do the best with what time and experience we have left. Part of that might simply involve making ‘the end’ a better experience for as many people as possible – sort of like palliative care.  That’s why I will often support standard social democratic policies.

      if you don’t survive the rest of today, you cannot discuss how to live tomorrow.

      Indeed. I’m no fan of folly.

  8. Colonial Viper 8

    Obama’s economic team of Geithner, Summers, Bernanke et al have been a neoliberal Goldman Sachs disaster.

    Volcker and others who could have made a positive difference to the real economy were too much of a threat to the big banks and were all sidelined.

    • Afewknowthetruth 8.1

      What exactly do you mean by ‘could have made a positive difference to the real economy’, in view of the fact that economy is at the heart of our predicament? (The economy is what is consuming finite resources, inflating the debt bubble, polluting the environment etc.)

      ‘Obama’s economic team of Geithner, Summers, Bernanke et al have been a neoliberal Goldman Sachs disaster.’ Yes a disaster for most people, but not a disaster for them. They are all a lot wealthier than they were before Obaman arrived on the scene. And that’s what the game is all about: transferring wealth from the ‘commons’ to the elites. It has been since the dawn of civilisation.

      • Draco T Bastard 8.1.1

        And that’s what the game is all about: transferring wealth from the ‘commons’ to the elites. It has been since the dawn of civilisation.

        Yep, we call it capitalism. Other times it was called other things (feudalism, aristocracy, etc) but it’s still the same system and it always results in poverty for the many and, finally, collapse of the civilisation.

        • Rusty Shackleford 8.1.1.1

          Corporatism is a better term. Are Geitner, Obama, Bernake, Summers etc capital holders? Most capital holders produce something. What do those guys produce?

          • Colonial Viper 8.1.1.1.1

            Most capital holders produce something.

            Workers applying their brain and their muscle produce things, not capital holders. So your bullshit assertion makes the rest of your post meaningless.

          • Afewknowthetruth 8.1.1.1.2

            All original capital was either discovered e.g. lumps of gold, or was stolen., e.g. the Norman conquest of England, British conquest of NZ..

            In more recent times capital has been generated out of thin air via loans, usually on the basis of capital that had already been discovered or stolen.

            The prime agendas of corporations since the early 1600s has been trading for profit (buying something and selling it to someone at a higher price) or outright looting.

            Now that corporations are in control of most western governments it is easy to see why we are in such deep sh*t.

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    No Right TurnBy Idiot/Savant
    6 days ago
  • What is wrong with our building industry?
    Back in the 90's and early 2000's, the building industry was building leaky homes which should never have been granted consent. Now it turns out they've been building dodgy office blocks as well:New imaging technology has revealed hundreds of major buildings nationwide have defective or missing concrete or reinforcing steel. ...
    No Right TurnBy Idiot/Savant
    6 days ago
  • Local bodies
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    No Right TurnBy Idiot/Savant
    6 days ago
  • A future of government
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    SciBlogsBy Robert Hickson
    1 week ago
  • Speaker: Catalonia, interrupted
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    1 week ago
  • Sage Decisions Unwisely Over-Ruled.
    Overruled: The joint decision of Finance Minister, Grant Robertson (Labour) and his Associate Minister, David Parker (Labour) arguably the two most powerful ministers in Jacinda Ardern’s government, to grant OceanaGold the consents which Land Information Minister, Eugenie Sage (Greens) had earlier denied them, offers bitter proof of how hard fighting ...
    1 week ago
  • Government may ban voting in effort to get more people to do it
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    The CivilianBy admin
    1 week ago
  • Woman: Deleted.
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    RedlineBy Daphna
    1 week ago
  • The Hollowest of Men Ride Again… SURPRISE!
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    exhALANtBy exhalantblog
    1 week ago
  • Barbaric
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    No Right TurnBy Idiot/Savant
    1 week ago
  • Fighting Monsters.
    Freedom Of Speech? The Säuberung (cleansing by fire) was the work of the German Student Union which, on 10 May 1933, under the watchful eye of the Nazi Reichminister for Propaganda, Joseph Goebbels, consigned 25,000 books to the flames in a ritual exorcism of “un-German thought”. According to the logic of the ...
    1 week ago
  • The next wave of kaupapa Māori politics: its constitutional, it must be.
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    EllipsisterBy Ellipsister
    1 week ago
  • Night lights of NZ from orbit
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    SciBlogsBy Duncan Steel
    1 week ago
  • Reporters deliver uplifting news to fleeing Japanese residents: they won’t miss any rugby
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    The CivilianBy admin
    1 week ago
  • Government in contentious discussions about whether to put surplus on red or black
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    The CivilianBy admin
    1 week ago
  • Jordanian teachers’ successful strike has lessons for here
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    RedlineBy Admin
    1 week ago
  • Why some people still think climate change isn’t real
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    SciBlogsBy Guest Author
    1 week ago
  • The SIS unlawfully spied on Nicky Hager
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    No Right TurnBy Idiot/Savant
    1 week ago
  • October 2019 – Newsletter
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    Closing the GapBy Tracey Sharp
    1 week ago
  • And they wonder why we think they’re environmental vandals…
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    No Right TurnBy Idiot/Savant
    1 week ago
  • Climate Change: Paying the price in California
    Last year, California burned. This year, to stop it happening again (or rather, to stop themselves from being found liable if it happens again), Pacific Gas and Electric is cutting power to half the state for a week:Schools are closed. Traffic lights down. Tunnels dark. Businesses unopened. Hospitals running on ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Let’s Hear It For Up-Close-And-Personal, Hard-Copy Democracy!
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    1 week ago
  • 10/10: World Day Against the Death Penalty
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    No Right TurnBy Idiot/Savant
    1 week ago
  • Talking Freer Lives: a Marxist gender-critical perspective from Australia
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    RedlineBy Admin
    1 week ago
  • Government spin accepted by union leadership
    by Don Franks  The Auckland City Mission is struggling with a 40 percent increase in demand for food parcels this year. A total of 23,020 were needed by June. Last month Missioner Chris Farrelly told the Herald the “cupboards are bare” and without an emergency food drive, he can’t see ...
    RedlineBy Daphna
    1 week ago
  • Forbidden Thoughts
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    RedlineBy Daphna
    2 weeks ago
  • Much love to my loyal Ukrainian readership
    For some reasons, my post about the mystery message from inside the Downing Street bunker seemed to catch people's attention.  Quite a lot of hits from NZ (unsurprisingly) and the USA (a bit more puzzlingly, but hi there, USAians!!) and 76 views from the Ukraine.I've celebrated my Ukrainian readers in ...
    2 weeks ago
  • Another day of bonkers GNUmours (again, sorry)
    First, almost a score of Labour MPs seem to have sent a letter to the EU basically begging them to accept a deal - any deal - just so Britain can get the Heck on with Brexiting instead of being trapped in limbo:
    To avoid no deal, deliver on the ...
    2 weeks ago
  • Labour vs working class immigrants – again!
    by Phil Duncan In 2016 the National-led government suspended the Parent Visa Category, through which migrants were able to bring their parents into New Zealand.  Since then over 5,700 people have been in immigration limbo, stuck on the visa wait list. Labour is now bringing back the scheme.  Well, sort ...
    RedlineBy Admin
    2 weeks ago
  • Speak Up for Women press statement: on Massey University and Feminism 2020
    The following was released yesterday (Tues, October 8) by the women’s liberation organisation Speak Up for Women. On 23 September Speak Up For Women announced that we would be holding an event at the Massey University Theaterette in Wellington. The event is called Feminism 2020. The intention of the event ...
    RedlineBy Admin
    2 weeks ago
  • Farmers support dirty rivers
    The government is currently consulting on plans to improve freshwater quality. So naturally, farmers oppose it:South Taranaki farmers are preparing to fight proposed national freshwater changes that some fear will bankrupt them. The Government's proposed National Environment Standard on Freshwater Management, released in September, rated the Waingongoro River as one ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • No-one cares about local government
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    No Right TurnBy Idiot/Savant
    2 weeks ago
  • The political ghosts of eugenics may matter more than the genetic
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    RedlineBy Daphna
    2 weeks ago
  • “Surplus” again
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    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Inside the Downing Street bunker
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    2 weeks ago
  • Taking Control Of The Nation’s Story.
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    2 weeks ago
  • Are GNUs extinct?
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    2 weeks ago
  • Labour chickens out again
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    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Transgender extremism, violence at work against feminist meeting at British Labour Party conference
    by Nick Rogers The debate around the meaning of sex and gender made an appearance at this year’s British Labour Party conference in Brighton. Women’s Place UK – an organisation that questions the demand that biological males who self-identify as woman should have access to women’s spaces, to all-women shortlists, ...
    RedlineBy Admin
    2 weeks ago
  • Rebelling in Wellington
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    No Right TurnBy Idiot/Savant
    2 weeks ago

  • Methane reducing cattle feed one step closer
    The Government today announced its support for a project that could substantially reduce agricultural greenhouse gas emissions from cattle. The announcement was made as part of Prime Minister Jacinda Ardern’s and Agriculture Minister Damien O’Connor’s visit to Nelson’s Cawthron Aquaculture Park. The Cawthron Institute will receive $100,000 from the Government’s ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Bill to refresh superannuation system passes first reading
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    BeehiveBy beehive.govt.nz
    2 days ago
  • Government announces next steps in fight against measles
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    BeehiveBy beehive.govt.nz
    2 days ago
  • Speech to the New Zealand Institute of International Affairs, Pacific Futures: Connections, Identity...
    ***Check against delivery*** Good morning. It is a pleasure to be here, and to have the honour of opening this important conference on behalf of the New Zealand Institute of International Affairs. Let us take the opportunity to acknowledge all the people who have helped make today possible, including our special ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Police trial new response to high risk events
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    BeehiveBy beehive.govt.nz
    2 days ago
  • New awards celebrate fisheries sustainability
    The Minister of Fisheries is calling for entries for a new public award to celebrate innovation in our seafood sector. “I have established the Seafood Sustainability Awards to recognise and celebrate those throughout industry, tangata whenua and communities who demonstrate outstanding dedication and innovation towards the sustainability of New Zealand’s ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • More progress for women and we can do more
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    BeehiveBy beehive.govt.nz
    2 days ago
  • Proposals to curb environmental damage help our coasts and the oceans
    Government Ministers today welcomed the release of a marine environment report highlighting the four key issues affecting our oceans, estuaries and coastlines.  The release underlines the importance of government proposals to combat climate pollution, ensure clean freshwater, protect biodiversity, make land use more sustainable, and reduce waste and plastic.    Environment ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New mental health facility for Waikato
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    BeehiveBy beehive.govt.nz
    3 days ago
  • 500 new te reo Māori champions in our classrooms
    The Government is making progress on its goal to integrate te reo Māori into education by 2025, with over 500 teachers and support staff already graduating from Te Ahu o te Reo Māori,  Associate Education Minister Kelvin Davis announced today. Kelvin Davis made the announcement at an awards ceremony in Waikanae today, for ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Minister James Shaw welcomes 2018 Census first release
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    BeehiveBy beehive.govt.nz
    3 days ago
  • Driving transparency, ethics and accountability in government use of algorithms
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    BeehiveBy beehive.govt.nz
    3 days ago
  • New Zealand and the Netherlands working together on climate change
    Agriculture Minister Damien O’Connor, Climate Change Minister James Shaw and visiting Dutch Prime Minister Mark Rutte co-hosted a business roundtable in Auckland this morning focused on working together to address climate change.  “The Netherlands is an important partner for New Zealand. We share a strong agricultural history. Sustainable agribusiness and ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Protecting fairness for workers and businesses
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    BeehiveBy beehive.govt.nz
    3 days ago
  • Indigenous Freshwater Fish Bill Passes
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    BeehiveBy beehive.govt.nz
    4 days ago
  • Kiwis to take part in world’s biggest earthquake drill
    At 1.30pm tomorrow, hundreds of thousands of Kiwis will join about 65 million people around the globe in ShakeOut, the world’s biggest earthquake drill. The annual drill is to remind people of the right action to take during an earthquake which is to Drop, Cover, Hold, and to practise their ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Rising wages and low inflation supporting Kiwis
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    BeehiveBy beehive.govt.nz
    4 days ago
  • NZ economy strong amid global headwinds
    New Zealand’s economic strength and resilience has been recognised in a major update on the state of the global economy. The IMF’s latest World Economic Outlook released overnight shows a reduced global growth forecast over the next two years as issues like the US-China trade war and Brexit take hold. ...
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    4 days ago
  • Keeping New Zealanders safer with better counter-terrorism laws
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    BeehiveBy beehive.govt.nz
    4 days ago
  • Improved succession and dispute resolution core of Ture Whenua changes
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    4 days ago
  • Speech to CTU Biennial Conference
    Let me first thank all the new unionists and members in the room. There is nothing more important to improving people’s working lives than people making the decision to care, to get on board and help, to take up the reins and get involved. Congratulations to you. You bring the ...
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    4 days ago
  • Minister ensures continued Whenuapai flight operations
    Minister of Defence Ron Mark has signed a certificate exempting the activity of engine testing at Whenuapai Airbase from the Resource Management Act 1991. The Act gives the Minister of Defence the power to exempt activities for the purposes of national security.  The certificate will mean the recent Environment Court ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • NZ joins Coalition of Finance Ministers for Climate Action
    Finance Minister Grant Robertson has announced New Zealand will join the Coalition of Finance Ministers for Climate Action while attending APEC meetings in Chile. The objective of the 39 member Coalition is to share information and promote action to tackle climate change. It was formed in April this year, in ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Feedback Sought – Section 71 – Lyttelton Parking
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    5 days ago
  • Feedback Sought – Section 71 – Hagley Oval
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    5 days ago
  • CTU speech – DPM
    Ladies and gentlemen, NZCTU President Richard Wagstaff, members of respective unions – thank you for the invitation to speak to you today. This might be preaching to the choir, but the importance of trade unions in New Zealand’s historical arch is difficult to understate. And it is my belief that ...
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    5 days ago
  • Police Association Annual Conference
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    BeehiveBy beehive.govt.nz
    5 days ago
  • New Zealand announces a further P-3 deployment in support of UN sanctions
    Minister of Foreign Affairs Winston Peters and Minister of Defence Ron Mark have announced the New Zealand Government’s decision to again deploy a Royal New Zealand Air Force P-3K2 (P-3) maritime patrol aircraft to support the implementation of United Nations Security Council (UNSC) resolutions imposing sanctions against North Korea. New ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • New Zealand deeply concerned at developments in north-east Syria
    Foreign Affairs Minister Winston Peters says New Zealand continues to have serious concerns for peace and stability in north-east Syria. “Recent reports that hundreds of ISIS-affiliated families have fled from a camp are deeply concerning from a humanitarian and security perspective”, Mr Peters says. “While we acknowledge Turkey’s domestic security ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government on high alert for stink bugs
    Biosecurity Minister Damien O’Connor is warning travelling Kiwis to be vigilant as the high-season for the crop-eating brown marmorated stink bug (BMSB) is under way. “We’re on high alert to stop BMSB arriving in NZ. The high season runs until April 30 and we’ve strengthened our measures to stop stink ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Better protections for students in halls of residence
    The Government is moving swiftly to change the law to improve the welfare and pastoral care of students living in university halls of residence and other tertiary hostels. Cabinet has agreed to several changes, including creating a new mandatory Code of Practice that sets out the duty of pastoral care ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • New trapping guide for community and expert trappers alike
    The Minister for Conservation Eugenie Sage has launched a new comprehensive trapping guide for community trappers to help them protect our native birds, plants and other wildlife, at Zealandia in Wellington today. ‘A practical guide to trapping’, has been developed by the Department of Conservation (DOC), and was launched during ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Widening Access to Contraceptives Welcomed
    Associate Health Minister Julie Anne Genter welcomes PHARMAC’s move to improve access to long-acting reversible contraception (LARCs). PHARMAC has today announced it will fund the full cost of Mirena and Jaydess for anyone seeking long term contraception, lifting previous restrictions on access to Mirena. “I welcome women having greater choices ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Major upgrade for Taranaki Base Hospital
    The Government has approved the next stage of a major redevelopment of Taranaki Base Hospital, which will deliver new and improved facilities for patients. Health Minister Dr David Clark has announced details of a $300 million dollar project to build a new East Wing at the New Plymouth hospital. It ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Extra support for rural families
    Extra funding will allow Rural Support Trusts to help farming families, says Minister for Rural Communities and Agriculture Damien O’Connor. “I know that rural families are worried about some of the challenges facing them, including the ongoing uncertainty created by the Mycoplasma bovis outbreak. “Those concerns sit alongside ongoing worries ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Howard Leaque Beekeeper programme graduation
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    BeehiveBy beehive.govt.nz
    1 week ago
  • Finance Minister to attend APEC meetings
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    1 week ago
  • Pacific languages are a source of strength, they ground us and build confidence
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    BeehiveBy beehive.govt.nz
    1 week ago
  • Major boost to support disabled people in sport and recreation
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    BeehiveBy beehive.govt.nz
    1 week ago
  • More prefab homes to be built as red tape cut
    The construction sector is being freed up to allow more homes to be built more quickly as the Government cuts through some of the red tape of the Building Act.  “Every New Zealander deserves a warm, dry, safe home and old inefficiencies in the Building Act make building slow and ...
    BeehiveBy beehive.govt.nz
    1 week ago