How much of the “news” that we consume and the “research” that it is based on is bought, paid for, and subservient to, corporate masters? Recently, for example, Greenpeace has uncovered an attempt by BP to direct research relating to the gulf oil spill…
Michael Bott takes John Key to task for his claims over the South Canterbury Finance debacle. Key and English have tried to blame Labour for the deposit guarantee that covered SCF. But the truth is that National extended SCF’s coverage under the scheme again and again, despite knowing that SCF was in breach of the rules.
Yesterday, under the cover of CERA, the government released hundreds of documents relating to South Canterbury Finance, it’s use and abuse of the deposit guarantee scheme, and the bailout. They show SCF broke the terms of its guarantee but National turned a blind eye. Someone needs to resign.
Last night the Nats were ramming their new copyright bill through under urgency. Like the much reviled Labour bill that preceded it, it contains the assumption of guilt by accusation. There are already calls for repeats of the 2009 blackout protest…
Yesterday it was announced that NZPA would be closing.
That’s bad news for us all as a news audience and as citizens in a democracy.
The saga of South Canterbury Finance just keeps getting worse and worse, with news yesterday that the taxpayers’ bill for the bailout rose by a further $300 million due to the costs of “insider loans”. Why are we spending $1.2 Billion (and climbing) on a stuffed company?
At this time in our history we need government leadership like we have never needed it before. But the signs aren’t good. Christchurch is a city on the edge, and round the country business confidence is plummeting.
Today National has a terrible April Fools for workers around Aotearoa: 90 day fire-at-will, reduced union access, sick notes after 1 day and minimum wage up a pittance. Workers are doing it tough already, and now National’s turning the screw.
In a raucous public meeting in Timaru last night, John Key said “The entire time I’ve been Prime Minister I’ve had Treasury in my office week after week, month after month telling me South Canterbury Finance was going bankrupt”. So, why did National sign SCF into the scheme and renew its deed three times?
Owners of businesses in the red zone CBD want brief access to their premises to retrieve items and data that are vital to whatever remaining chance they have of keeping their enterprises alive. The government is refusing access on the grounds of safety. There’s right on both sides of the issue, but whatever happened to informed consent?
There’s a large number of reports coming out of Christchurch of businesses that have been demolished without Civil Defence consulting with the owners, as is procedure, and giving them a chance to recover vital equipment and records first. Disturbingly, some of these demolitions seem to have been carried out by ‘cowboys’ without CD approval.
Mayor Bob Parker has described landlords hiking rents in Christchurch as “looting by another name”. I think the majority of us would feel as Parker does — it seems simply wrong to exploit people for profit in a time of tragedy. But look around. It’s just unregulated capitalism in action. There’s an awful lot of it about.
Digested: the Reserve Bank cuts rates, the dollar weakens, oil prices rise and Sovereign Homes goes out of business.
On a day when I’ve heard of 3 smaller businesses shutting down due to National’s economy, Big Business too is waking up to the flaws in National’s ways. The push through, don’t consult, override the wishes of the people mentality even chafes the corporates when it’s not in their favour.
Whitcoulls has been here since forever — “one of New Zealand’s most famous and enduring retail chains”. But the chain is in big trouble, and it’s sad to watch the ongoing wreck. Let’s hope that Whitcoulls can be saved before hundreds more workers and families in NZ lose their livelihood to the moribund economy.
Ever been in a job where you thought you were underpayed and overworked? Ever voiced those feelings to your workmates? Either on the job, or during ‘smoko’, over the telephone or through some other electronic medium?
A Burger King employee in Dunedin has. And now, astonishingly, faces the possibility of being fired for serious misconduct.
Another great piece of work from I/S at No Right Turn: “the Exclusive Brethren have set up their own KiwiSaver scheme… The scheme will only be offered to members of the cult. This is, of course, illegal.” They’re trying to take taxpayer money for a business that illegally discriminates on the grounds of religion. It must be stopped.
I never, ever thought I would say this but there’s a very good article in Investigate this week. It’s about the Pike River disaster. With methane sensors in place, alarms should have gone off well before the gas reached combustible level. Investigate reveals the sensors may have been disabled by workers who would lose pay if they had to stop work.
Say you run a large company. Say the manager of a division in your company chose do a deal that improves the division’s own profitability instead of one that would have made the division less profitable but the company as a whole more profitable. You would be angry. So why are the people who run our SOEs required to act like that?
The Herald has used the OIA to get hold of emails Peter Jackson sent Gerry Brownlee during the Hobbit shakedown. They show that the Actors’ Equity blacklisting was not a threat to the film staying here – yet Jackson and Brownlee told us it was to justify handing Warners $34 million and rushing through an anti-worker law.
There’s an ad campaign at the moment about how DB Export was supposedly created in reaction to the Black Budget. It’s full of lies and a lot of people see it as a slur on Arnold Nordmeyer and Labour in general. In fact, this odd campaign under the slogan ‘how to lose an election’ isn’t about Labour. It’s a warning to National.
Three government investment decisions in the last couple of weeks have shown the deficiencies in the neoliberal way of doing things. SOE Solid Energy’s lignite-to-liquids obsession, Kiwirail buying trains in China rather than making them itself and Steven Joyce decision to re-create Telecom’s monopoly by giving it 70-84% of the broadband contracts.
3 under the radar stories yesterday. All linked by ideology. Kiwirail to buy 300 wagons from China because its cheaper than building them here. Not allowed to consider wider economic gains. Collins outsources her new prison to a multi-national with a history of prisoner abuse. English wants more ‘value’ from public assets. Value for whom? The likes of Serco?
Remember how Peter Jackson and Warner Bros pulled the old Hollywood shakedown on us? By making a hollow threat to film elsewhere they got an extra $30 million and a law passed just for them. This was supposedly necessary to save a vital economy gain for the country but the Government knew that was bollocks all along.
“New Zealand investors are facing an accounting crisis. This is because domestic companies have rejected many of the new international financial reporting standards (IFRS) and are declaring “adjusted”, “underlying”, “operating”, “excluding non-trading” and “from continuing operations” profits that vary significantly from audited IFRS-compliant profits.”
Last year, over 13,000 New Zealanders got some measure of satisfaction from ANZ’s part-owned ING in New Zealand. For over a year, half a billion dollars in investors’ funds had been locked up, during a nasty dispute between ING/ANZ and their investors. How has ANZ made things right for everyone who was hurt? They’ve renamed ING as ‘One Path’
Climate change and a shoals of dirty little red herrings would seem to go together like salt and pepper or cheese and pickle.
I’ve never really understood the logic of paying CEOs multi-million dollar salaries. Can Telecom’s $7m man, Paul Reynolds, for example, really be worth 100 skilled technicians? Is there no-one who is basically as good who would work for a million or two less? Now, research shows high pay gaps for CEOs actually makes them worse bosses.
In a highly-charged debate like the Hobbit fiasco, it’s easy to lose sight of the real issue amongst the claims and counter-claims over petty details. In a second post that strips things back to what matters, Blue asks the big question: ‘how exactly did NZ taxpayers end up handing over tens of millions of dollars to Warner Brothers?’
Eventually the dust was going to settle on the Hobbit fiasco and the truth was going to come out.
Fortunately the media has done a bloody good job of making sure that happened.
So what have they been saying?
Today we learn just how extreme some of the anti-union nutters in our country are, with news of death threats to unionists and actors involved in The Hobbit fiasco. I hope we hear soon of a sustained police effort to track down the perpetrators. Or are we as a country going to effectively condone these actions by ignoring them?
Scoop’s Gordon Campbell has written a long piece on the Hobbit settlement and its implications. Key said that we couldn’t match the tax deals offered by other countries, but according to Campbell’s calculations that’s exactly what we have done. Campbell also has harsh words to say about Key’s “skill” as a negotiator, and advice about strengthening the film industry in NZ.
The Right argues that an already settled labour dispute involving a small union somehow scared a multi-billion film company enough to make them consider abandoning the $100 million already invested in NZ. Blue has gone beyond the slogans and done some excellent research to answers our questions on what really happened.
The Government will give the Hobbit producers an extra $33 million to stay in New Zealand and it’s going to use this ‘crisis’ as an excuse to slam through more anti-worker laws. New Zealand has been played like naive hicks. The Hobbit was never leaving. We let Jackson and his Hollywood mates whip us into a frenzy of fear – now we’re paying the cost.
Wallace Chapman has a thoughtful Open Letter to the visiting Warner Brothers executives on his blog, inviting them to front up to the […]
