Written By: - Date published: 8:59 pm, May 24th, 2013 - 89 comments
A recent survey of two thousand Kiwis show that a third cannot afford to heat their homes properly.
That’s a third of the population who are vulnerable to illness, whose children are at risk, and who are being left behind as the electricity companies continue their price gouging.
This is why we need NZ Power.
Written By: - Date published: 8:10 am, May 16th, 2013 - 55 comments
The Right unleashed the most brutal campaign in living memory against an opposition policy when the Greens and Labour announced the NZ Power plan to bring down power prices. They (rightly) saw it as a challenge to the whole rentier class that has been bleeding NZ dry for quarter of a century. It’s heartening, then, that the Right hasn’t managed to fool people.
Written By: - Date published: 10:14 am, May 13th, 2013 - 4 comments
Danyl at Dim-Post on the strangely muted media response to the GCSB spying legislation, the witch-hunt against NZ Power, and more. Plus – check out Danyl’s (first) book – looks like a treat in store…
Written By: - Date published: 9:10 am, May 5th, 2013 - 78 comments
The “market specialists” say that the loony left have scared of all the Mum and Dad investors. The “investment sources” say the Mums and Dads are signing up in droves. I’m so confused! Why oh why would those nice “market specialists” be lying to us about the effects of the Labour / Green electricity policy? I just can’t work it out…
Written By: - Date published: 7:45 am, May 2nd, 2013 - 33 comments
To say Brian Gaynor is excited about the Mighty River sale is an understatement. Of his last five Herald columns, two have been about how great it will be, and two have been about how awful NZ Power is. His other media appearances have been in a similar vein: Mighty River = good, NZ Power = bad. It’s in his financial interests that investors aren’t scared off Mighty River.
Written By: - Date published: 6:48 am, May 1st, 2013 - 35 comments
A couple of people have questioned this series of posts outing the financial interests of supposedly ‘independent’ commentators who are coming out against the Green/Labour plan to lower power prices. ‘Everyone has links to everyone in New Zealand’. Maybe so, but not everyone is paid by the people whose interests they’re protecting while pretending to be independent in the msm.
Written By: - Date published: 11:03 am, April 30th, 2013 - 44 comments
Hot on the heels of electricity industry funded Lewis Evans publishing an op-ed about how terrible NZ Power is, another academic has popped up to claim the policy is the end of the world.
Written By: - Date published: 7:22 am, April 30th, 2013 - 41 comments
Lewis Evans had an op-ed in the Dompost yesterday. It attacked NZ Power in confused terms. Evans claimed, for instance, that all the savings from lower costs would come from lower dividends to the Government, when a moment’s thought shows you that’s not true and will be even less true after the asset sales. The disclosure statement at the end of Evans’ op-ed doesn’t mention Contact and Meridian pay him.
Written By: - Date published: 7:10 am, April 24th, 2013 - 37 comments
I’m not surprised that the finance crew are so upset about the gently social democratic policy that is NZ Power (the latest stupid claim is that it’ll mean higher mortgages). But what is surprising is the way in which they’ve made it very clear that they believe the economy should be geared toward the wealthy elite
Written By: - Date published: 12:54 pm, April 23rd, 2013 - 184 comments
Which is really the party of “economic sabotage”?
Written By: - Date published: 8:50 am, April 23rd, 2013 - 29 comments
Eddie explored yesterday who stands to lose from falling asset values in electricity companies resulting from lower power prices. The answer: the Crown and foreign investors. Now, JBWere has estimated those book value losses at up tp $1.4b for Contact and Trustpower, meaning $4b all up. But, despite the cries from the Right, that doesn’t mean wealth is being lost, it’s moving.
Written By: - Date published: 2:04 pm, April 22nd, 2013 - 11 comments
Energy Minister Steven Joyce has condemned the “socialist lunacy” of both Labour and the Greens, after Labour Party leader David Shearer was spotted buying coffee for two fellow MPs.
Written By: - Date published: 1:49 pm, April 21st, 2013 - 21 comments
It is absolutely essential for National that lots of ordinary Kiwis buy Mighty River shares. Is that why, as Rod Oram found, there’s no independent advice available to ‘mum and dad’ on the size of the risks? National must have such advice, but it’s keeping it from the public and beating the ‘buy, buy, buy’ drum instead.
Written By: - Date published: 7:09 am, April 20th, 2013 - 98 comments
The Labour / Green electricity proposals picked up very significant support from Vector CEO Simon Mackenzie. Other analysts and commentators have weighed in with support, while some of the reaction from the business community has been (like the Nats) bordering on the unhinged.
Written By: - Date published: 7:06 am, April 20th, 2013 - 2 comments
Given the drama surrounding the Labour / Green electricity policy it seems appropriate for this week’s Poverty Watch to explore the topic of fuel poverty in NZ. It’s a killer, and it’s long past time that something was done.
Written By: - Date published: 8:19 pm, April 19th, 2013 - 33 comments
John Key says that the Labour-Green Power policy is “barking mad” and will take people back to the power cuts of the 1970s. Another John Key brainfade, or just being “clueless”? I look at power cuts and fuel poverty since the 1990s.
Written By: - Date published: 2:25 pm, April 19th, 2013 - 7 comments
Scott earnestly compares Labour & the Greens’ NZ Power to the North Korean model.
Written By: - Date published: 7:43 pm, April 18th, 2013 - 54 comments
The NZ Power policy is the most significant break from the neoliberal political consensus we’ve seen for a long time.
Which is why it’s likely to draw a lot of fire from the elite. Let make sure there’s a lot of push back.
Written By: - Date published: 4:28 pm, April 18th, 2013 - 20 comments
The best that the Nats can come up with in response to the Labour / Green electricity reforms is juvenile posturing about Stalinist extremism and “comrades Norman and Shearer”. This from the National Party that brought you cancelled democratic elections, harsh punishments for protestors, and increased powers to spy on the people. Oh, the irony.