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.
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.
An Advantage New Zealand conference at SkyCity is the centre of major PR for John Key-backed, big oil exploration in NZ. While promoting and backing each others’ destructive profiteering, and endangering NZ’s environment, they are nurturing their networks of influence over expensive dinners and on the golf course.
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.
MSM articles show the big Aussie banks are making record profits, Kiwis can save, and Adam Smith worshiping think tanks are not to be trusted. Cunliffe & Norman said it a while back – NAct policies and government spending cuts are not the answer.
Key said “we would love to see wages drop”. Sure enough National’s anti-worker employment Bill is designed to have that effect, as stated in a Cabinet briefing paper.
National’s Labour laws announced today have new sanctions on workers’ strikes: parties will have to provide notice of a strike, and employers will have a new right to fine workers for “partial strikes.” Also today the Herald’s Insider reports business reaction to Labour’s NZPower and invokes the threat of capital strike, posed as a threat to an elected government’s right to govern. If Simon Bridges wants to see fairness, then capital strikes by business should surely face the same constraints as worker strikes.
In his meetings with Ian Fletcher, Key’s main aims and activities are hidden in plain sight. They connect with US-led initiatives around digital copyright, intellectual property and commerce. Recently there have been some worrying developments in the bigger picture: GCSB, ACTA, TPPA, SOPA, CISPA.
Today’s anonymous Dominion Post editorial points to the beginning of John Key’s fall from grace. It centres on Key’s personal qualities, continues to support the MSM’s support of personality politics, glosses over the serious issues masked by Key’s (alleged) amnesia, and uses a false equivalence with Helen Clark.
A Jackson PR video promoting NZ scenery as a beautiful backdrop for the Hobbit & tourism; a Campbell Live video on a Dannevirke protest against Big Oil exploiting their area; an anti-fracking Canadian team filming in NZ.
Relevant in so many ways to current events in NZ, here are extracts from an excellent article by George Monbiot. Read the full piece in The Guardian or at monbiot.com.
Which is really the party of “economic sabotage”?
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.
The government announced about an hour ago, that it has suspended the share offer for Mighty River Power until tomorrow, while it devises a supplementary disclosure in the light of the Labour-Green NZ Power policy.
Can there be a greater sign of the threat that National sees in NZ Power than the fact they have put out 5 press releases condemning it in 4 days? I bet Key spends his Monday media round attacking it too. National knows they’re on to a hiding – they’re defending excessive profits over lower power prices for people. But they’re ideological bound to reject the solution.
Why are National and the Right pitching a fit at the prospect of the Crown and foreign institutions losing superprofits when that’s the price of households and businesses getting lower power prices? Real businesses are looking forward to paying less for power but National says ‘stuff them, we’re looking out for the Crown’s stealth tax and Origin Energy’s profits’.
The Key government and its allies are playing the “red scare” gambit, the Greens get to the heart of the reason for NZ Power, Parker goes Third Way, while Bernard Hickey and Matt McCarten weigh in to support the (alleged) “socialist” NZ Power policy. Bomber Bradbury adds some words of caution. [updated title]
The Green/Labour NZ Power announcement is a clear warning to the owners of electricity companies that their days of rentier profits are coming to an end. Joyce cries for the declining value of their shares but that fall tells us that the market thinks Labour and the Greens will govern, NZ Power will work, and it will knock hundreds of millions off power bills.
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.
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.
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.
Pike River found guilty of breaches of health and safety, leading to the death of of 29 miners. The CTU is calling for law changes to make company directors responsible for their company’s negligence. And the NZ MSM coverage of the catastrophe immediately after it happened?
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.
Telecom’s $1.3 million a year CEO has announced a pay freeze. Says workers who don’t like it should quit. The rich fuck’s already sacked a thousand workers, now he thinks he can dictate the terms of employment contracts. I’ve got news for you, arsehole. Employment contracts are bargains between worker and employer, not diktats from rich dickheads.
John Key is into networking and schmoozing with the wealthy & influential. He’s given special attention to the entertainment industries, GCSB, intellectual property & commerce. He crossed paths with Warner’s people the year before the Hobbit dispute, but never played golf with Dotcom.
Labour’s Clayton Cosgrove reveals that when selling Mighty River Power shares, brokers will get twice the commission for selling to a foreign buyer. This will send ownership overseas and drive up prices for Kiwis.
Any day now the Government will announce more changes to the Employment Relations Act. These changes will drive down wages and undermine the […]
The Nats’ youth rate wages (“for when the ‘minimum’ wage just isn’t low enough”) come in to effect next month. Some of the big youth employers are making their intentions known. You may wish to vote with your wallet.
Today a Nicky Hager article puts Kiwis are at the centre of the global money maze exposed by the International Consortium of Investigative Journalists. He traces developments after Wine Box, the involvement of lawyers (including one ACT-aligned blogger), and some BNZ & ANZ staff… and more.
Congratulations to Duncan Campbell, Nicky Hager, et al involved in the International Consortium of Investigative Journalists for doing such a great job on the Gobal Offshore Money Maze. The maze includes NZ & Aussie. The investigation used sophisticated digital technologies.
Ryall has announced that Might River Power top brass will be receiving massive pay rises, in relation to the sale of the powercos. The directors have multiple positions, and questions have been raise about the past of one or two of them. They benefit; we pay.
Key & Rennie say Ian Fletcher was the most suitable candidate to head the GCSB? His CV includes working on intellectual property, globalisation and free trade, & was private secretary to the Blair minister who fudged the legal advice on attacking Iraq.
Our “let’s make a deal” PM is outclassed on this one. I actually have some sympathy this time, the government is between a rock and a hard place. But while most of us worry about Southland, I suspect the Nats’ concerns will be a little closer to home…
Significant International Affairs files, relating to dodgy Pokies’ trusts, going missing, SkyCity convention centre deals made through flawed government processes. No corruption in NZ, just governance through sloppy processes? Cui bono?
First they got down on their knees for a massive American movie studio and negotiated away oodles of taxpayer dollars and our employment law for movies that were always going to be made in New Zealand…
The financial crisis in Cyprus has taken an unusual turn, and for a change it is the rich who will be left with the bill.
