Everything you wanted to know about the Chorus deal …

The Chorus fibre roll out deal with the Government is one of those issues that promises to embarrass the Government deeply, more deeply than us lefties may think.  Because amongst the ranks of this Government’s supporters are those who hold close to principles.  They not be our principles but nevertheless from the view of the right are just as if not more important than ours.  One of the most important is the sanctity of the market.  This is why some on the right are distraught at the generosity being shown to one of our largest corporates.

Does Key want to nationalise Chorus Soviet style?

The Commerce Commission has now decided that there should be a significant reduction in broadband costs although not as much as previously proposed.  Chorus has responded by saying that it may not be able to complete the fibre outlay.   John Key is suggesting that Chorus could be nationalised.  And the right wing are in revolt.  How has National been able to muck this issue up so badly?

The Kiwibuilt announcement

David Cunliffe has announced further proposals regarding Housing with a Christchurch flavour.  The temporary use of red zone houses that are otherwise habitable, the proposed construction of 10,000 houses over four years and the recreation of New Brighton into a vibrant and modern beachside community are amongst the announcements.

Kiwiassure

David Cunliffe announced yesterday Labour’s intention when it becomes Government to set up Kiwiassure, a NZ Post Insurance Company that will go in direct competition with the Australian owned insurance companies that dominate the local market.  And today there is talk about an announcement on affordable housing.

John Armstrong is labouring under a reality delusion

John Armstrong’s column in this morning’s Herald is an interesting collection of ideas.  Apparently David Cunliffe is too left yet too wishy-washy, a remit that was voted down is offered as evidence that the party is “lurching” to the left, and the party is too boring.  And he decries the lack of new material before David Cunliffe has given his keynote speech.  Don’t you think you should wait for the speech first John?

Is New York Mellon Corp Bank a Mum and Dad Investor?

Well known mum and dad investor the Bank of New York Mellon Corporation has accumulated 8% 4% of Meridian Energy’s shares.  And the Dominion Post editor has described the Government’s asset sales programme as “an unmitigated disaster – so disastrous it borders on economic vandalism”.  Who feels a whole lot of “told you so” coming up?

Labour Party proposes radical idea that Parliament should be representative

At this weekend’s Labour Party Conference there will be a number of interesting constitutional and policy proposals.  One of them will try and direct the party’s Moderating Committee to select list candidates who are truly representative of New Zealand society.  Some have suggested that this is a radical proposal but you really have to question if this is so …

John Key admits National Government failed to properly monitor Solid Energy

John Key has just admitted that Ministerial and Treasury oversight of Solid Energy was not up to scratch but suggests that external analysis would have provided a lot more accountability.  Oddly enough I had always thought that it was the job of the relevant Ministers and their advisors to provide oversight.  And he has hinted at the privatisation of TVNZ and NZ Post …

National’s civil war continues

Matthew Hooton said this week that Cameron Slater should put up or shut up.  Slater then promised explosive new revelations in the SST and the Herald today.  As detailed by Karol in her post The Blame Game the revelations were, but I suspect not in the way that Slater had hoped for.  Because he has succeeded beyond what I thought would be possible in converting a story about a a philandering mayor into a story of how forces on the right tried to usurp the democratic choice of Aucklanders.

Is society collapse and inequality linked?

US mathematician Peter Turchin believes that mathematics can predict events such as the recent constitutional crisis in America and has constructed a model based on social and economic data that he believes predicts periods of instability and disaster for nations.  This work shows the negative side of inequality and neatly compliments the work of Richard Wilkinson and Kate Pickett in the Spirit Level that showed the benefits of increased equality.

The English are also selling their assets cheaply

Meridian’s share price appears to be under value and will no doubt ensure that shareholders reap an early bonus.  With a rate of return of over 10% for the first year you have to wonder what economic genius decided to sell shares to pay down debt with an interest rate of half that amount.

Over in the UK the tories there have engaged in a similar exercise where Royal Mail was sold under value and shareholders watched as their shares went up in value by over 60% in a month.

I wonder if Key and English have been receiving lessons from the Tories?

Government in trouble over Meridian Float

The Government has announced the results of the Meridian Share float and the results are all bad.  The country will receive up to $1.1 billion less than the shares were worth in 2011 and overseas entities will own 13% of the shares.  Remind me why we are selling the shares ?

Fight you bastards fight

At least one MP if not the whole of National’s caucus knew that the news concerning Len Brown and Bevan Chuang would break soon eight days before it did.  Slater’s and Palino’s claims are becoming more and more difficult to believe.  And in a comment yesterday Bad12 sums up why this is such bad news for National.

National’s Civil War

It is clear that there is significant concern within the National Party with the behaviour of Cameron Slater and there is worry that a New Zealand version of the Tea party is forming.  There is an interesting battle developing between the civilised cautious wing of the Party and the Tea Party take no prisoners approach of Slater and Lusk.  The future of the National Party is at stake …

Palino and Slater have to be joking

Of course John Palino did not know about the Len Brown Bevan Chuang relationship despite Chuang’s boyfriend who knew of the relationship being on his campaign team and despite Cameron Slater’s father being Palino’s campaign manager. Update: The Herald this morning has reported that Chuang claims to have met Palino for 90 minutes two days before the news of the affair was made public where the disclosing to Brown of the news was discussed.

The NBR and Editorial Independence

The NBR has fired long time senior reporter Jock Anderson for writing a sympathetic Len Brown editorial.  This apparently was against instructions even though the comments appeared to be balanced and fair.  This raises concerning issues about NBR’s editorial independence and the control over content that management has.

In defence of Bevan Chuang

We have two politicians in trouble in New Zealand.  One is facing two years jail.  The other is facing opprobrium for inappropriate moral behaviour.  Of course the politician who breached the moral code is facing the most examination.  The character of the other woman has also been heavily scrutinised and commented on and she has gone into hiding.  Perhaps it is time that her wish for privacy is respected.

John Banks to stand trial

John Banks is to stand trial for allegedly filing a false electoral return for his failed 2010 Auckland super-city mayoralty bid. It appears that the issue will be did he intend to treat the Dotcom donation as anonymous when clearly it was not. And John Key needs to reconsider Banks’ presence in cabinet as it is becoming increasingly untenable.
Update: Banks has stood down from his Ministerial portfolios.

The attack on Auckland’s Democracy

With Tea Party type zeal Cameron Slater is trying to bring down Len Brown’s mayoralty.  What has happened is a tragedy for Len’s family and himself.  But as Mayor of the super city we need him to move on from this.

What should Labour do with Red Alert

Red Alert started as a promising foray into social media over four years ago and was very successful for quite a while.  But lately it has lost its way.  What should Labour do with it?

EDS attacks Nick Smith’s Ruataniwha Dam process

The Chair of the Environmental Defence Society has heavily criticised the Ruataniwha Dam process for requiring the voluntary sector to test the scientific evidence, for requiring the analysis of highly technical scientific evidence within a very short time period, and for not including a freshwater expert on the Board of Inquiry.  He has described the process as being fundamentally flawed and has stated that the process appears to be designed to facilitate the granting of consents.  There is something wrong going on here.

Hekia Parata needs new lawyers

For the second time in less than 12 months the High Court has ruled a decision of Hekia Parata’s to be invalid.  The latest decision to be invalidated was the decision to close Phillipstown School in Christchurch.  It is clear that either Parata needs better advisors or John Key needs a new Minister of Education.

Mighty River Power is buying back shares

The Board of Mighty River Power has announced that it is buying back up to 2% of its shares because this is a prudent use of capital and will be value enhancing.  It is a shame that the Government was incapable of seeing this.  Expect a surge in its share price to occur and I suspect that this will be beneficial for the Meridian float.

National’s head in the silt on Christchurch East

In Christchurch East National is up and running in the by election, well sort of.  A contributor points out that the National candidate, Matthew Doocey has not referred to the most pressing issues for the residents of Christchurch East, dealing with the EQC and the Insurance companies and the cost of housing.

Last chance to vote …

Time is running out and today is a good day to make sure that you have posted your votes in for the Local Government election in your area.  And while you are at it remind your friends and family to do the same.

The many and varied problems with the Ruataniwha Dam proposal

The Ruataniwha Dam issue raises a number of issues, from a Board of Inquiry without scientific expertise being selected, a DOC submission inviting the Board to get more information and seek a peer review being dumped, submitters not being able to access the site, a model which NIWA is refusing to allow to be analysed, and a GNS Science contract being terminated because the scientists wanted a disclaimer inserted into their report.  There is something fishy going on here.

Vote!

There is just over a week to go before the 2013 local elections finish.  Turnout so far has been disappointingly low and this presents a threat and a challenge.  The threat is that progressive incumbents will lose because their supporters do not vote.  The challenge is to get family and friends to vote to maximise the prospects of progressives being elected to office.

Labour surges in latest Roy Morgan

The latest Roy Morgan is out and there has been a surge of support to Labour.  The Labour/National gap is now 5%, the smallest gap in many years.  The next election is going to be very interesting …

Crony Capitalism and Chorus

The Axe the Copper Tax campaign has stepped up a notch with the release of a peer review of the original analysis that the tax would cost Kiwis $600 million.  The review states that the original methodology was sound and the findings conservative.  The issue itself has galvanised opposition from some of the Government’s most staunchest friends.  This is probably the first Standard Post ever to rely on comments from the Herald, the NBR, David Farrar and Matthew Hooton to justify a claim that this Government is engaged in the most basic form of Crony Capitalism.  Yes things are that bad for the Government.

The seat of Napier is now in play

Chris Tremain’s announcement that he will not se re-election to the Napier seat next year creates a real opportunity for Labour to win back a seat it has not held since 2002.  Will Stuart Nash become Napier’s next MP?

Breaking news on the Keep Our Assets Referendum

John Key has today announced that the keep our assets referendum will be conducted by postal vote later this year.  He has also announced the Christchurch East by election will occur on November 30.  And National MP Chris Tremain has announced that he will not seek re election next year.

Matthew Hooton apologises … sort of …

nine-to-noon-matthew-hooton1Matthew Hooton has issued a public apology to David Cunliffe for his comments last week.  It is a begrudging pale imitation of a proper apology and it is tucked behind NBR’s paywall but a backdown it is.  All ears will now be on Radio New Zealand today and if Hooton does appear then there will be interesting issues raised about balance.

Upgrading the theme for the The Standard. There may be some complications as features shift.