Adrian Orr and Brian Fallow‘s pieces on the New Zealand Superannuation Fund and the economics of long-term investment in a declining market. A+ The same arguments you’ve seen here and neat rebuttals of this ‘we’re borrowing to invest’ nonsense. Orr, the head of the Fund whose reputation is unquestioned, sums it up nicely by stating the ” measure of financial success is whether the returns to the fund over decades (not randomly selected days, weeks, months, or year-to-year) are above the cost of government borrowing.” – long-term, not year-to-year. This debate was only ever an excuse for undermining the Fund and with it the future of superannuation. Hopefully, the issue is now put to rest.
Anonymous emailer on Key’s cycleway “Nah, it’s not for you. It’s more of a Shelbyville idea” A Gold
John Armstrong’s ‘I wasn’t endorsing National’s secretive moves to slash the public service, I was just writing from their point of view’ comment on The Standard E The problem, John, is that you are always writing from National’s point of view. Even if think you’re hiding your ideology and writing objectively, it’s obvious and oft-remarked that you think Key’s the bees-knees. Look at yesterday’s piece. You manage to miss the part in Question Time where Key lied to Parliament by saying “we’re working on a skills strategy” and, instead, glowingly remarked how the Nat MPs loved Paula Bennett’s subsequent “that’s so last year” dissing of this tripartite (Govt, BizNZ, CTU) plan to increase productivity. All your references to Labour are disparaging. Points on for commenting. Points off for the ‘I hate people who don’t use their real names’ schtick, it’s the final refuge of those who can’t win on argument.
Any media who didn’t think reporting Key being caught in a clear lie in Parliament was worth reporting F Failure as fourth estate, again.
One News anchor on the Fire at Will law “means employees can be fired after a 90 day probation period” Shudder During. Not after, during a 90 day probation period. How many eyes went over that before it was said? The reporter, the editor, the anchor… None of them knew that it was wrong, despite this law having been a topic of major coverage on their own news show four times since 2006?