Lucky John Key – he’s going to have a great week! It’s hard to see how he can lose. He’ll either be the man who single-handedly saved The Hobbit, or he’ll be handed a big stick to beat the evil unions with forever. In reality, however, the decision to keep the movies here is probably already made. Key’s ego will be just another tool used against him in negotiations as the studios go for the best deal they can get…
The Hobbit ‘crisis’ is all about money. It’s about the producers of this long-troubled production, who are in financial difficulty, wanting to minimise their up-front costs. The mark in the con is the only one with cash to offer on the scale they need – the Prime Minister. He’s the one with the most to lose and the most ability to pay.
After days of trying to read the media and rumour mill tea-leaves on the Hobbit it was time to do some fact checking.
It turns out this has been a hard lesson in how the international film industry works.
Fran O’Sullivan reckons the Government will offer tax-breaks to keep the Hobbit in NZ.
But it also looks like they’ll try to keep claim it’s about the (settled) dispute.
If that’s the case there’s some truly gymnastic spin to look forward to this week.
Russell Brown’s anti-union take on the Hobbit dispute has been cited by righties all over the internet as “evidence” the union is wrong.
So let’s take a look at what he’s saying and how it matches up with employment law, industrial relations and all the rest of that good stuff.
David Clark is the Labour Party’s new candidate for Dunedin North. He’s been talking to innovative local technology start-ups, and hearing about some of the barriers to success.
The Government has announced it intends to push through emergency legislation to expedite the rebuilding of Christchurch. The urge to put things back the way they were is only natural in the wake of a huge physical and psychic shock but shouldn’t we have a think about how we want Christchurch rebuilt before we let anyone go ahead willy-nilly?
It was heartbreaking this morning to read of the worsening conditions in Christchurch’s poor suburbs, where damage assessments are only just now being done and aftershocks are accumulating more and more problems on already vulnerable communities. So, this picture sent in by a reader caused a bit of a bemused smile (click title for big version).
86 workers have been fired from Kaiapoi New World, which will be closed for a year due to quake damage. This is exactly why the government should implement the kind of scheme I outlined where the government steps in to supply the full wages of workers who can’t work due to the quake, funded by delaying the tax cuts for the rich.
The unions, business, and Phil Goff have all gritted their teeth and called the Nats’ $15 million wage subsidy scheme for small quaked-affected businesses ‘a start’. The problem is, it’s likely to be the end. This scheme will leave workers and employers severely out of pocket, killing businesses and jobs.
Christchurch needs a more ambitious rescue package than has been announced. Relying on EQC and insurance payouts is not enough. I would cancel the top bracket tax cuts due to come into force in a month saving half a billion dollars for a real economic revival plan The first step would be to grant emergency bridging funding to businesses closed by the quake so that they can continue to pay their workers
National don’t understand macroeconomics. As such they are inflicting massive and unnecessary harm, with high unemployment and a long time until recovery.
Many argue English should never have extended the deposit guarantee to South Canterbury Finance in April, or question whether the terms of the guarantee called for the pay-out. Then there’s the stink around the payment of SCF bonds. One thing’s for sure, the Nats didn’t need to spend $20 million on foreign depositors – they did it to try to kill the issue faster. Plenty of meat for Labour. Will they bite?
South Canterbury Finance is on the brink of collapse. The plan appears to be for the government to purchase the bad loans from the company at twice their book value, giving SCF the cash it needs to get back on its feet. That’s a dumb idea. The owners of SCF have taken huge profits in the good times, they can’t be allowed to pass their losses on to the rest of us now and continue as if nothing happened.
John Key challenged the unions to “put up or shut up”. So they’re going to put up. The CTU has launched a campaign to name and shame businesses that are abusing the fire at will (90 day probation) bill. It’s a campaign based around personal stories. Heather Smith tells the first of many…
Business New Zealand CEO Phil O’Reilly has come out against Clare Curran’s procurement bill despite the fact procurement legislation would benefit his members.
It makes you wonder just who exactly Business lobby groups represent.
We know that the foreshore and seabed deal does not do what the Maori Party was established to achieve but, almost paradoxically, it gives iwi the veto and mineral rights that will be seen by businesses wanting to undertake activities like aquaculture, tourism, and undersea mining as imposing an unknown and possibly very large tax from an unaccountable power.
John Key’s “Don’t Be Jealous” Budget has done little to stop the European contagion from ravaging our sharemarket – at time of writing down […]
Today’s Herald has a front page piece criticizing Key’s abandonment of his Middle East trade mission to return home for the funerals of […]
Most of this country’s mineral wealth lies under private land, according to the government’s own figures. So, why are the Nats so determined to override public opinion and let their mining allies dig up our precious protected lands? Simple: mining on private land means paying a lease to the owner. Mining on public land is cheaper: we’re played like chumps for bigger profits.
National is predictably planning to put the cost of polluters’ actions on to the rest of us by canning the major parts of the ETS. This stupid game of pass the buck is played out all over the world – polluters refuse to accept their responsibilities, governments refuse to act – as more greenhouse gases are pumped into the atmosphere, locking us in to economic and ecological devastation.
Finsec’s Andrew Campbell introduces the union’s Better Banking, a trans-Tasman campaign they’re running with their Aussie counterparts to get a better deal for bank workers and bank customers. Campbell notes the banks’ $1 billion profit in the last 3 months alone and asks “Have your fees gone down? Has your mortgage payment become more manageable?”
National’s proposed reform of the foreshore and seabed legislation is no ‘elegant solution’. Instead, it is being criticised in the business press as an undemocratic favouring of Maori business interests over Pakeha ones, while iwi are saying that it doesn’t give them what they want.
Over at Scoop, Gordon Campbell takes Theresa Gattung to task for her revisionist history of Telecom in the Dominion Post this morning.
More than anything, her latest outburst reveals her clanging naivety and complete inability to take personal responsibility for her failures.
It’s time for the National Party to issue an abject apology to the nation… for the 1992 Building Regulations that directly led to […]
This man is Paul Reynolds, CEO of Telecom. He has overseen the largest corporate disaster in recent New Zealand history. The Nats are planning to give him over $6,600 a week in tax cuts. Apparently this screw up on a $7 million salary is the kind of guy New Zealand needs.
Turns out McCully’s shares in Widespread Portfolios are worth 20 cents a pop. $31 total. He paid a grand for them at $5-odd each. Ouch. Are these guys really so good at business? Is mining really such a good bet for the country? And what is hidden away in the trusts?
It is not often that I compliment the authors that write for No Minister. However I have to compliment SageNZ for his prescient […]
While measures to fix problems in investments are good, the best approach is increase financial literacy. However Anne Tolly has already shown she does not understand education. Her idiotic decisions to destroy adult community education has removed the best channel for promoting knowledge amongst current investors. This suggests that the government isn’t serious and we are seeing more PR than substantive measures.
Colin Espiner’s back with his first blog of the year. It’s so much fun having him back. In his first outing, he comes […]
Phew, that was quick. Yesterday John Kingi writes to us about Club Physical promoting homophobic myths. I publish his email. The same day […]
Gerry Brownlee is defending the $45 million tax break the Government gave the makers of Avatar to do most of their special effects […]
Great cartoon from Barry Deutsch at Lefycartoons.com Lifted from Joe Hendren
I see the BNZ’s got itself a new PR campaign: On 4 November, most BNZ people will be working on projects around New […]
This memo was sent by the Insurance Council to its members in 2005 but it may as well have been sent this week. […]
Australia’s Federal Industry Minister Kim Carr has criticized Bridgestone’s closure of its Australian and New Zealand operations and the 1000 redundancies it’ll bring. […]
