Selling asset sales to [insert region here]

Written By: - Date published: 11:09 am, February 13th, 2012 - 19 comments
Categories: national, privatisation, spin - Tags:

Not everyone in the Beehive is thrilled that National is throwing away its chance at a third term for the sake of asset sales which make no sense, economically or politically. The Standard has obtained a copy of the generic column that National MPs are meant to add some ‘local flavour’ to and have published in their regional papers. It shows how cynical and shallow their position really is.

Here’s the column:

 


[ the date says 2011 but it’s a typo. It was sent out last week]

Should I bother rebutting the points? We’ve done this all before and they seem to have no new lines … OK, what the hell.

‘National is working hard at lifting national savings’

Actually, ‘national savings’ as measured by the country’s net international investment position is projected to worsen from $137b to $197b between 2011 and 2016. Selling the profit streams of highly profitable companies offshore will only worsen this trend.

We’re extending the mixed ownership model – under which Air New Zealand currently operates …

Air New Zealand had to be majority purchased by the government to save it from collapse, which would have led to the loss of regional flights in New Zealand. That was the government buying into a failing privatised company, which is far different from the government selling shares in highly successful publicly-owned companies.

Mixed ownership is a win-win for New Zealand

It’s easy to create ‘win-wins’ if you only count one side of the equation. Real life is more complicated. You’ll note there is no mention of the lost returns, which far exceed the government’s cost of borrowing.

New Zealanders will get to invest in big Kiwi companies

We already own these companies via our government. And why can’t the vaunted private sector provide these big companies to invest in? Why are the big companies on the stock exchange either ex-state assets or companies that got big thanks to sweetheart arrangements with the government (like Fletchers, which built the first state houses).

We would rather pay dividends to mum and dad investors than interest on higher debt to foreigners.

Whoa, a xenophobic argument for asset sales – someone call Fran O’Sullivan!

First off, the Nats’ own estimate is that 10-15% of the companies, 20-30% of what is sold, will end up in foreign hands and there’s nothing to stop that number being higher. Most of the shares bought domestically will be grabbed by institutional investors. Second, mum and dad already own these companies and most can’t afford $4000 per household to pay again for what we already own – and if we all do buy our shares in our companies, isn’t that just a poll tax? Third, it makes sense to take on a little extra debt when the alternative is selling assets that have a higher rate of return than the cost of capital, especially when we’re talking $6 billion and the government had already borrowed $50 billion- it’s drop in the ocean stuff. Anyway,we end up with higher debt when we sell high returning assets offshore and have to borrow to fill the hole caused by the foregone dividends.

The government gets to free up $5-$7 billion

Actually the net revenue could be a lot less. Key himself reckons some of the valuations are too high. Take away bankers’ fees and incentives for ‘mum and dad’ to invest and you see why Treasury has booked only $3.86 billion. NSW sold part of its electricity assets recently (and is about to sell the rest) and there’s questions over whether it pocketed any net revenue.

… to buy new assets such as schools and hospitals

Actually, the revenue is booked to fund the normal new capital spending allocation, which National has cut in half and renamed the Future Investment Fund. It won’t buy new schools the billion over five years for education is just $250 per year per school kid.

There’s no doubt about these companies remaining overwhelmingly in New Zealand control.

Minority shareholders have rights, including the right to sure if the company doesn’t act in their interests, ie to maximise profits. Currently, SOEs have to consider the impact on the community of their actions, after privatisation they won’t.

New Zealanders … will be at the front of the queue

National still had no policy to achieve this and any such policy would be a costly subsidy for the few ‘mum and dad’s who can afford the shares from the rest of us.

… Have a strong appetite for shares. Kiwi investors have about $100 billion during in term deposits.

Um. That shows we don’t have a strong appetite for shares. In fact, the business community is always complaining that we don’t invest enough in shares to make them big profits playing the stockmarket.

Strengthen the New Zealand economy.

Treasury says productivity gains will be marginal at best. And we acutely end up poorer because our profits flow offshore and we have to borrow to fill the gap.

Either National needs to magic up some stronger arguments, or it needs to listen to its staffers and drop this policy before it gets them slaughtered in 2014.

19 comments on “Selling asset sales to [insert region here]”

  1. Karl Sinclair 1

    Could this historic document highlight the root cause of what is happening in NZ today…

    At least this guy was ‘honest’

    So long, suckers. Millionaire hedge fund boss thanks ‘idiot’ traders and retires at 37:

    http://www.guardian.co.uk/business/2008/oct/18/banking-useconomy

    The boss of a successful US hedge fund has quit the industry with an extraordinary farewell letter dismissing his rivals as over-privileged “idiots” and thanking “stupid” traders for making him rich.

    Today I write not to gloat. Given the pain that nearly everyone is experiencing, that would be entirely inappropriate. Nor am I writing to make further predictions, as most of my forecasts in previous letters have unfolded or are in the process of unfolding. Instead, I am writing to say good- bye.
    Recently, on the front page of Section C of the Wall Street Journal, a hedge fund manager who was also closing up shop (a $300 million fund), was quoted as saying, “What I have learned about the hedge fund business is that I hate it.” I could not agree more with that statement. I was in this game for the money. The low hanging fruit, i.e. idiots whose parents paid for prep school, Yale, and then the Harvard MBA, was there for the taking. These people who were (often) truly not worthy of the education they received (or supposedly received) rose to the top of companies such as AIG, Bear Stearns and Lehman Brothers and all levels of our government. All of this behavior supporting the Aristocracy, only ended up making it easier for me to find people stupid enough to take the other side of my trades. God bless America.
    There are far too many people for me to sincerely thank for my success. However, I do not want to sound like a Hollywood actor accepting an award. The money was reward enough. Furthermore, the endless list of those deserving thanks know who they are.
    I will no longer manage money for other people or institutions. I have enough of my own wealth to manage. Some people, who think they have arrived at a reasonable estimate of my net worth, might be surprised that I would call it quits with such as ma l l war chest. That is fine; I am content with my rewards. Moreover, I will let others try to amass nine, ten or eleven figure net worths. Meanwhile, their lives suck. Appointments back to back, booked solid for the next three months, they look forward to their two week vacation in January during which they will likely be glued to their Blackberries or other such devices. What is the point? They will all be forgotten in fifty years anyway. Steve Balmer, Steven Cohen, and Larry Ellison will all be forgotten. I do not understand the legacy thing. Nearly everyone will be forgotten. Give up on leaving your mark. Throw the Blackberry away and enjoy life.
    So this is it. With all due respect, I am dropping out. Please do not expect any type of reply to emails or voicemails within normal time frames or at all. Andy Springer and his company will be handling the dissolution of the fund. And don’t worry about my employees, they were always employed by Mr. Springer’s company and only one (who has been well-rewarded) will lose his job.
    I haveno interest in any deals in which anyone would like me to participate. I truly do not have a
    strong opinion about any market right now, other than to say that things will continue to get worse for
    some time, probably years. I am content sitting on the sidelines and waiting. After all, sitting and
    waiting is how we made money from the subprime debacle. I now have time to repair my health,
    which was destroyed by the stress I layered onto myself over the past two years, as well as my
    entire life – where I had to compete for spaces in universities and graduate schools, jobs and
    assets under management – with those who had all the advantages (rich parents) that I did not. May
    meritocracy be part of a new form of government, which needs to be established.
    On the issue of the U.S. Government, I would like to make a modest proposal. First, I point out the obvious flaws, whereby legislation was repeatedly brought forth to Congress over the past eight years, which would have reigned in the predatory lending practices of now mostly defunct institutions. These institutions regularly filled the coffers of both parties in return for voting down all of this legislation designed to protect the common citizen. This is an outrage, yet no one seems to know or care about it. Since Thomas Jefferson and Adam Smith passed, I would argue that there has been a dearth of worthy philosophers in this country, at least ones focused on improving government. Capitalism worked for two hundred years, but times change, and systems become corrupt. George Soros, a man of staggering wealth, has stated that he would like to be remembered as a philosopher. My suggestion is that this great man start and sponsor a forum for great minds to come together to create a new system of government that truly represents the common man’s interest, while at the same time creating rewards great enough to attract the best and brightest minds to serve in government roles without having to rely on corruption to further their interests or lifestyles. This forum could be similar to the one used to create the operating system, Linux, which competes with Microsoft’s near monopoly. I believe there is an answer, but for now the system is clearly broken.

    • Bored 1.1

      Truly beautiful. hope he sent a copy to Max Keiser and agrees to be interviewed. Just love that Russian TV allows Max to blow the cover of the Wall St banksters (not to mention how their world news is at total variance to CNN).

    • muzza 1.2

      Classic for sure…not sure about the reference to Soros though

      “George Soros, a man of staggering wealth, has stated that he would like to be remembered as a philosopher. My suggestion is that this great man start and sponsor a forum for great minds to come together to create a new system of government that truly represents the common man’s interest, ”

      I guess he is not clear on where Soros fits into the scheme of things….

      An entertaining read, even if it meant the writer made a fortune at others expense!

  2. johnm 2

    despite National’s rubbish agenda the self interested sheople who believe the likes of Shonkey look after their interests will vote him in again. young people should leave for Australia.

    All the logic and reasoning refuting National just doesn’t influence their supporters who vote automatically for their class interest not for the greater good of the commonality of all New Zealanders.

    We are a divided society between those comfortable well orf and/or rich and poorer NZ on low wages and benefits slaves to the landlord accommodation economy and not least 250.000 children living in Poverty.

    This latter underclass don’t exist to the well orf!

    we came here to not be Prisoners of the Motherland POMS. But we have now recreated here the conditions of that wretched land, our early reformers and social leaders would be turning over in their graves at what is happening here now with our Playboy, I like being liked, PM. When is his next Hawaiin holiday due?

    • Blighty 2.1

      “When is his next Hawaiin holiday due?”

      He’s looking like he wished he’d never come back.

  3. vto 3

    I suspect the sale of assets has now become about saving face for these fools.

    • tc 3.1

      Yup vto.
      Alot like many business who pick the wrong system, throw millions at it, doesn’t cut it everyone hates it yet the ego’s behind the decision can’t make the tough call as that would be admitting they got it wrong so they plough on saddling the business with a poorly implemented costly ‘not fit for purpose’ system.

      Reminds me of that line Tua’s opponent had years back….’you gotta have alot more than one punch and a bad haircut…..’ replace bad haircut with smile and wave and here we are.

  4. Bored 4

    Key is just doing as he is told by the international banksters. To stay in power he needs to bribe the electorate (tax cuts etc), to get the money to deliver he has to talk to the banksters….

  5. muzza 5

    Eddie that document is a re-send of one they did last year for sure….

    Nikki Kaye used much of it in a cut an paste email response!

    Many simple people will fall for the shit in the document, there are so many flaws in
    there it is beyond rediculous.

    .

    • muzza 5.2

      Below is an extract of Nikki Kayes response to my email which posed many parts, one about asset sales. Note the cut an paste from Nikki, the tell tale symbols, are as they were in her reponse, I had to laugh at the effort! The reply was back end of last year…compare!

      Thank you for your email. I appreciate you taking the time to update me with your concerns.

      Â

      Economic management

      Â

      The last three years have been tough for New Zealand with the global financial crisis, the Canterbury earthquakes, Pike River and Rena. I take on board your comments, however I believe that National is working hard to build a more competitive economy based on exports and higher savings, helping create sustainable, higher-paying jobs.

      Â

      We’ve already taken a number of steps – including getting on top of debt and returning to surplus faster. We’ve undertaken the largest tax reform in 25 years, invested heavily in productive infrastructure, been responsible economic managers, and made the public sector more efficient.

      Â

      For the latest information about Treasury’s Pre-election Economic and Fiscal Update for 2011 please visit http://www.beehive.govt.nz/release/government-track-201415-surplus and http://www.treasury.govt.nz/budget/forecasts/prefu2011.

      Â

      Mixed ownership model

      Â

      If re-elected in November, we plan to extend the mixed-ownership model to four energy state-owned enterprises and reduce the Government’s shareholding in Air New Zealand, while keeping a majority stake in all of those companies.Â

      Â

      The mixed-ownership model is another step in building a faster-growing economy and reducing our heavy reliance on debt borrowed from foreigners.

      Â

      It’s a win-win because it gives New Zealanders more investment opportunities, and helps to grow our assets. New Zealanders get to invest in good Kiwi companies and the Government gets to free up $5 billion to $7 billion – about 3 per cent of its assets – over three to five years to buy new assets such as schools, hospitals, and ultra-fast broadband, without having to borrow from overseas lenders. We would rather pay dividends to New Zealanders than interest on higher debt to foreigners.

      Importantly, the Government will keep at least 51 per cent control of these five state-owned companies – the same model used successfully for Air New Zealand and the Port of Tauranga for many years.

      The Government will use the proceeds from the mixed-ownership model to set up a Future Investment Fund of up to $7 billion to pay for new infrastructure without extra borrowing. Through the Fund the public can be assured the proceeds of mixed ownership are not being lost. They will be used to buy new assets for New Zealanders, and to upgrade and modernise our existing assets.

      To ensure the widest possible spread of shareholders, we intend setting a maximum shareholding cap – likely to be 10 per cent.

      There is no doubt about these companies will remain overwhelmingly in New Zealand control. We expect that New Zealanders will own at least 85 to 90 per cent of these companies. The Government will keep at least 51 per cent control on behalf of all New Zealanders and then other New Zealanders will be at the front of the queue for shares.. Kiwi investors have about $100 billion sitting on the sidelines in term deposits. And there are tens of billions of dollars invested by other New Zealand investors from KiwiSaver providers to the NZ Super Fund, ACC, Government Superannuation Fund, and iwi.

      Â

      National’s mixed-ownership model gives Kiwis a fantastic opportunity to invest in this country’s future, particularly with the shine having come off investment housing and finance companies.

      Â

      It’s a smart policy that will strengthen the New Zealand economy. A stronger economy is the only way we will create jobs, boost incomes, and provide the high-quality public services you and your family need.

      Â

      How will we ensure fair value is achieved?

      The first thing to remember is that the Government is under no pressure to sell minority stakes in these companies by a certain deadline. In addition, it is not compelled to sell all 49 per cent of each company in one tranche. If re-elected, the Government will take market conditions and other factors into account – including the results of independent scoping studies of each company – before proceeding, to ensure that New Zealand taxpayers receive fair value.

      These companies have already been under a fair bit of market scrutiny and analysis, including published analyst reports – http://www.comu.govt.nz/publications/information-releases/valuation-reports/2010/ –  so both Government and the market already have well-formed ideas about value.

      Â

      Maintaining reasonable electricity prices

      Demand is growing steadily, and the available sources of new supply (essentially wind and geothermal generation) are inevitably more expensive than the largely hydro system we have at present. The current system is about ensuring that this new supply gets taken up with a timing and composition which balances what New Zealand can physically produce with current demand. We do believe that competition between both generators and retailers is helpful in ensuring this.

      Also, National implemented electricity sector reforms which have constrained price increases to 13 per cent in the past three years compared to 72 per cent price hike under the previous government.

  6. DH 6

    The Air NZ claim really infuriates me, it’s such a brazen lie. The taxpayer bailed out a failed private company, it’s the complete opposite of these privatisations, and they think we’re all so stupid we can’t see that. It’s bad enough we had to bail out Air NZ, now they twist it into a justification for thieving our assets!

    The other big lie is that the SOEs will have access to more capital. If they did raise any capital the Govt would have to pony up 51% of it and I’d love to see them try & explain their way out of that one. What they really mean, but refuse to say out loud, is an increased share price will permit the SOEs to borrow more which isn’t raising capital at all. They’ll load them up with debt so they can pay out higher dividends and/or buy in to overseas ventures which will inevitably go titsup. Guess who will end up footing the bill for it.

    • tc 6.1

      Also AirNZ is in a competitive environment whereas power generators are natural monopolies.

      So air NZ needs a commercial/private edge to keep it real whereas a bunch of strategically shaved chimps could manage a power generator as the engineers and maintenance crews keep the power ticking over, management just need to let them do their jobs by enabling them and not getting in the way.

      • DH 6.1.1

        It’s the way they invert the truth that pisses me off. Air NZ can (possibly) be used as an example to show that public investment in a private company can be beneficial to the business. It does not, in any shape or form, show that private investment in a public company can be beneficial.

  7. Alma Rae 8

    Love it. May you regain your health. No-one ever went broke overestimating the greed and stupidity of others – but I’m glad you stopped when you did. Please contact Max Keiser!

  8. s y d 9

    These guys are so lazy…..but then the sun paper is a relentless cheerleader for Bridges and our long lost friend Bib Clarkson..so printed without question

    http://sunlive.co.nz/blogs/2574-back-to-beehive.html

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    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
    5 days ago
  • Local bodies
    Local body election results were released over the weekend, to joy or despair depending on where you live. In Auckland, Phil Goff trounced John Tamihere, who is muttering darkly about running for Parliament again (but which party would want him?) Wellington is now a wholly-owned subsidiary of Weta Workshop, except ...
    No Right TurnBy Idiot/Savant
    5 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
    More than double the number of people who will vote in this year’s local body elections have tried marijuana or urinated somewhere they shouldn’t have. As local elections look set for the lowest turnout in decades, with many regions falling well short of 40%, the Government is exploring a number ...
    The CivilianBy admin
    1 week ago
  • Woman: Deleted.
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    RedlineBy Daphna
    1 week ago
  • The Hollowest of Men Ride Again… SURPRISE!
    Musings continue apace about “the experienced businessman!” soon to be taking up a National Party MP position. Or to be more accurate, being parachuted into a seat to shut down their former MP Jamie-Lee Ross, who despite his own shortcomings shed at least some more light on the inner workings ...
    exhALANtBy exhalantblog
    1 week ago
  • Barbaric
    The Ugandan government wants to murder gay people:Uganda has announced plans to impose the death penalty on homosexuals. The bill, colloquially known as “Kill the Gays” in Uganda, was nullified five years ago on a technicality, but the government said on Thursday it plans to resurrect it within weeks. The ...
    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
    New Zealand’s media is doing its part in Japan, reassuring those in the path of the storm that they won’t miss any rugby while away from their flooded homes. New Zealand sports reporters stationed in Japan for the Rugby World Cup have had the rare and heartwarming opportunity to inform ...
    The CivilianBy admin
    1 week ago
  • Government in contentious discussions about whether to put surplus on red or black
    Regional Development Minister Shane Jones is the only Cabinet member in favour of putting it all on green. As Finance Minister Grant Robertson finds himself with an enormous $7.5 billion surplus, the Government has begun intense, at times contentious conversations about whether to put the money on red or black at ...
    The CivilianBy admin
    1 week ago
  • Jordanian teachers’ successful strike has lessons for here
    by Susanne Kemp At the start of September close to 100,000 school teachers went on strike in Jordan.  They demanded a 50% pay rise.  A pay rise actually agreed to by the regime back in 2014. In early October, however, in the face of government repression and threats, the teachers’ ...
    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
    1 week 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 ...
    1 week 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 ...
    1 week 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
    1 week 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
    1 week 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
    1 week ago
  • No-one cares about local government
    Yesterday was the last day for (reliably) posting your vote away in local body elections. Turnouts are mostly much lower than the equivalent time last year (Palmerston North is down 2.3%), and so naturally people are pushing their online-voting snake oil again. Because the online census worked so well, lets ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • The political ghosts of eugenics may matter more than the genetic
    This essay, on the political legacy of the eugenics movement, by Kenan Malik was originally published in the Observer on 6 October 2019, under the headline ‘The spirit of eugenics is still with us, as immigrants know to their cost’. Birth control. Intelligence tests. Town planning. Immigration controls. It’s striking how ...
    RedlineBy Daphna
    1 week ago
  • “Surplus” again
    Another year, and the government has announced another enormous government "surplus". And just like last year, its nothing of the sort. When we have people homeless and sick and hungry, when we have schools and hospitals still falling down, when we have underpaid public servants and infrastucture unmaintained or unbuilt, ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Inside the Downing Street bunker
    James Forsyth at The Spectator (I know, I know) has tapped one of his contacts inside Number Ten for an insight into the Johnson administration's thinking and strategy.It is fascinating, unsettling and quite, quite mad.  Some key points:Negotiations have stalled and the Johnson administration are keen to blame the EU: ...
    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
    When the government was elected, it promised to lead the way on electric vehicles, and specifically to make the government vehicle fleet emissions-free where-practicable by 2025.They lied:There are 15,473 vehicles in the government fleet and only 78 are electric. When the coalition Government came into power in late 2017, the ...
    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
    Yesterday I went down to Wellington to participate in the Extinction Rebellion protest. Its part of the latest global wave of XR actions, with actions happening all over the world. Some of those protests are massively disruptive: in Canada, XR is blocking major bridges, stopping people from getting to work. ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • ‘The Workshop’ – Report: Talking about Poverty and Welfare Reform: A Guide to Strategies that ...
    The Workshop is a charitable trust for public good. The Workshop undertake research to find ways of communicating that will build support for the solutions that work to solve complex social and environmental problems. See their Report on Talking about Poverty and Welfare Reform below. ...
    Closing the GapBy Tracey Sharp
    2 weeks ago
  • Exclusive language
    What is language? We generally assume that it a facility unique to humans, allowing us to share what’s in and on our minds. We can tell of our plans, our past exploits, our knowledge. It also allows us to lie. And yet there are vast numbers of people we can’t ...
    SciBlogsBy Michael Corballis
    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
    23 hours ago
  • Bill to refresh superannuation system passes first reading
    Social Development Minister Carmel Sepuloni has welcomed the first reading of the New Zealand Superannuation and Veteran’s Pension Legislation Amendment Bill. “Every New Zealander has a stake in New Zealand Superannuation and Veteran’s Pension,” says Carmel Sepuloni. “They are our most common form of social assistance – nearly 800,000 New ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Government announces next steps in fight against measles
    Babies in Auckland aged six months and over can receive a free vaccination and children will all have access to vaccines, Associate Minister of Health Julie Anne Genter announced today at Papatoetoe High School.   The move comes as part of Government efforts to step up the fight against measles. ...
    BeehiveBy beehive.govt.nz
    1 day 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
    1 day ago
  • Police trial new response to high risk events
    Police Minister Stuart Nash says the safety of frontline officers and members of the public will be the focus of a new trial of specialist Police response teams in three of our largest urban centres. Police have this morning released details of an initiative to be trialled in Counties Manukau, ...
    BeehiveBy beehive.govt.nz
    1 day 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
    1 day ago
  • More progress for women and we can do more
    Minister for Women Julie Anne Genter welcomes leaders in the private sector taking action on closing their gender pay gaps to ensure a fairer workplace for all New Zealanders. Ms Genter today launched a new report, Addressing the gender pay gap and driving women’s representation in senior leadership, from the Champions for ...
    BeehiveBy beehive.govt.nz
    1 day 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
    2 days ago
  • New mental health facility for Waikato
    The Government has approved funding for a new acute mental health facility for Waikato which will provide better care and support to people with mental health and addiction issues. Prime Minister Jacinda Ardern and Health Minister Dr David Clark announced the $100 million project to replace the aging Henry Rongomau ...
    BeehiveBy beehive.govt.nz
    2 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
    2 days ago
  • Minister James Shaw welcomes 2018 Census first release
    Statistics Minister James Shaw has welcomed the first release of 2018 Census data. The first release of data today, 23 September, includes key data on population, regional growth, the number of homes and the size of different ethnic groups in New Zealand. Data from the 2018 Census will support the ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Driving transparency, ethics and accountability in government use of algorithms
    Minister for Statistics James Shaw today announced a public consultation on a proposed algorithm charter for government agencies. The charter has been developed by the Government Chief Data Steward in response to growing calls for more transparency in government use of data. Computer algorithms – procedures or formulas for solving ...
    BeehiveBy beehive.govt.nz
    2 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
    2 days ago
  • Protecting fairness for workers and businesses
    The Government is taking action to build an inclusive economy where more of us receive our fair share at work and businesses can compete on great products and services, not undercutting wages and conditions, Immigration and Workplace Relations and Safety Minister Iain Lees-Galloway says. Two consultations launched today seek feedback ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Indigenous Freshwater Fish Bill Passes
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    BeehiveBy beehive.govt.nz
    3 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
    3 days ago
  • Rising wages and low inflation supporting Kiwis
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    BeehiveBy beehive.govt.nz
    3 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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    3 days ago
  • Keeping New Zealanders safer with better counter-terrorism laws
    Justice Minister Andrew Little has today introduced a new Bill to prevent terrorism and support the de-radicalisation of New Zealanders returning from overseas. The Terrorism Suppression (Control Orders) Bill gives the New Zealand Police the ability to apply to the High Court to impose control orders on New Zealanders who ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Improved succession and dispute resolution core of Ture Whenua changes
    A Bill that proposes targeted changes to simplify the processes for Māori land owners when engaging with the Māori Land Court has had its First Reading today. “The approach taken by the Government is to ensure that the protection of Māori land remains a priority as we seek to improve ...
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    3 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 ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Minister ensures continued Whenuapai flight operations
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    BeehiveBy beehive.govt.nz
    3 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
    3 days ago
  • Feedback Sought – Section 71 – Lyttelton Parking
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    4 days ago
  • Feedback Sought – Section 71 – Hagley Oval
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    4 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 ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Police Association Annual Conference
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    BeehiveBy beehive.govt.nz
    4 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
    4 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
    4 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 ...
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    4 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
    5 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
    5 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
    5 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
    6 days 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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    BeehiveBy beehive.govt.nz
    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