The Standard

Economy

Posts on the economy, work, business, income, and labour

Categories under Economy

Is Bill English’s ‘big data’, Big Brother & privatisation of govt?

Written By: - Date published: 11:00 am, June 30th, 2014 - 135 comments

Bill English has stated that a third term Key government would majorly reform the government’s budgeting & spending.  It’s a major move towards privatisation of public services, & full spectrum digitally-enhanced monitoring of individuals’ lives: especially those of the already demonised and harassed single mothers on benefits.

Pig Farming Expose – A personal perspective

Written By: - Date published: 6:30 am, June 30th, 2014 - 161 comments

Last night the Sunday show screened an expose of a Christchurch pig farm using footage provided by Farmwatch New Zealand. I was part of the investigation which resulted in this show and thought I would provide a more personal perspective on this story. I will also do my best to respond to comments on this […]

A John Key. With assembly instructions.

Written By: - Date published: 9:06 am, June 29th, 2014 - 11 comments

How to make your very own New Zealand Prime Minister. Even better looking than this vessel.

Local Bodies: Pay Equity, Rod Donald Was Right in 2004

Written By: - Date published: 1:44 pm, June 28th, 2014 - 3 comments

In 2004 Green Party Co-Leader Rod Donald made a speech about the Public Finance (State Sector Management) Bill. Ten years later the State Sector is still not an equitable employer. Pakeha men have done considerably better over the ten years than any other demographic and this is despite the fact that for many years now females have been out performing males academically. Women still earn less relative to their qualifications than men. There is some hope that a future Green/Labour coalition may finally address the issue.

NRT: Fixing Christchurch

Written By: - Date published: 10:53 am, June 28th, 2014 - 5 comments

Labour has announced another part of its package to fix Christchurch: an immediate crash home-building plan. The market has failed, so the government has to step in. Its that simple. As for why the market has failed, there’s the ongoing insurance problems of course, but perhaps this also has something to do with it. Living costs in ChCh are exceeding wages and the construction industry is pocketing the difference. Labour is also changing the rules about exploiting overseas labour.

The reality is we’re pretty relaxed about fixing Christchurch

Written By: - Date published: 9:53 am, June 28th, 2014 - 28 comments

For so many of the people in this still-broken city, they feel that this is a journey which they have been left to walk alone. Too often they find themselves fighting against the state, rather than working with them. One gets the impression that for all the visits and photo ops, Key just doesn’t get the situation down here.

NRT: Who’d have thunk it?

Written By: - Date published: 2:23 pm, June 27th, 2014 - 60 comments

Capital gains tax is now accepted by a more people than who oppose it. But for a policy long considered a “third rail” of New Zealand politics, its a significant shift.  It ought to put paid forever to the idea that parties must go with the flow of public opinion because they are unable to affect it. Weak parties are. But if Labour stops being scared of its own shadow and afraid of its left-wing heritage, it can actually change things, and build the majorities it needs to govern.

NRT: So much for Ruataniwha

Written By: - Date published: 9:08 pm, June 26th, 2014 - 18 comments

Yesterday, the Hawkes Bay Regional Coucil voted to invest $80 million in the Ruataniwha dam. Today, the board of inquiry upheld its resource consent decisions, effectively shitcanning the project. And that, hopefully, is that. Or will HBRC and the farmers demand National pass a law under urgency to allow them to pillage this river, just as they’re doing for the West Coast forests?

Polity: Labour’s fiscal plan: B+

Written By: - Date published: 2:30 pm, June 25th, 2014 - 20 comments

I’m a glass half-full kind of a guy, so I want to start by emphasising the parts of  Labour’s just-released fiscal plan that I like. The good: commitment to paying off government debt during economic good times, tax rate changes are welcome, and targeting tax avoidance by large multinationals. Bad: the top tax rate is still too low, and no need to signal second term tax cuts. Overall I would give this package a B+.

CTU: Labour’s financial plan will make life fairer for working Kiwis

Written By: - Date published: 12:56 pm, June 25th, 2014 - 8 comments

Labour’s Fiscal Plan shows a clear and positive difference from National. Those who earn over over 150,000 will pay more tax and applying tax to trusts to combat tax avoidance, are welcome steps to reducing inequality and the unfairness of the tax system.  It’s a relief to see more effort in stopping the billions of dollars of tax evasion. Labour’s commitment to funding the real costs of Health and Education, taking account of rising costs and the changing population, forces National to front up and say what it is going to do to prevent our public services from deteriorating further.

Tales from the underbelly of John Key’s NZ

Written By: - Date published: 9:59 am, June 25th, 2014 - 114 comments

The underbelly of John Key’s “rockstar economy” is mostly kept in the shadows, but every so often more tales emerge from the growing numbers of homeless. Vote left & vote the bastards out, this election!

The spirit of ’35

Written By: - Date published: 10:32 am, June 24th, 2014 - 50 comments

Jan Logie’s post: “Work  and Income – stories from hidden people” is a must read:  stories from a divisive society, under a callous government that benefits the few at the expense of too many. We can do much better than that.  Vote for change this election!

John Key: a tale of two ‘truths’

Written By: - Date published: 9:08 am, June 23rd, 2014 - 34 comments

John Key claimed he didn’t know about the big shift in the US-NZ surveillance relationship in 2009.  Now he claims he always likes to be fully briefed on intelligence matters. Robert David Steele points the way from  such anti-democratic governance & misinformation, to an open source everything revolution.

Puddleglum on Christchurch

Written By: - Date published: 1:21 pm, June 19th, 2014 - 17 comments

There is a very long but worth reading post over at The Political Scientist. If you’re serious about campaigning in NZ at present, then it is definitely worth setting aside the time to ponder it. In particular the demographics and the occupational changes across Christchurch that may affect this years election outcome. Tony Milne also has a good post on Christchurch and its continuing travails..

Polity: Free trade fundies

Written By: - Date published: 12:17 pm, June 19th, 2014 - 2 comments

The great tragedy in New Zealand trade policy came in the 1990s when we almost literally gave away the farm, dismantling most of our tariffs unilaterally to “demonstrate” how much fun life is with no tariffs. You can’t get much more fundie than that.  And now – quelle surprise – we have basically no cards to play when negotiating with other countries. Who would have thought it?

Stand up – for an inclusive, caring & sharing NZ

Written By: - Date published: 7:21 am, June 19th, 2014 - 57 comments

Stand up: fight back: We know what we are up against. We’ve seen the depth of the negative, right wing campaigning.  NZ wants and needs better politics, and a more inclusive society.

James Macbeth Dann, an introduction, and a bit about Rebuilding Christchurch

Written By: - Date published: 4:21 pm, June 17th, 2014 - 86 comments

We allow new candidates for left parties to post here, usually just as guest posts because they aren’t bloggers (and unused to the medium). However James Dann from the blog Rebuilding Christchurch has been writing some excellent posts about that city and its travails during the rebuild. So we’ve decided to give him a author login because for years we have been longing for a author who is in and who writes about Christchurch.

Labour’s Kiwisaver announcement

Written By: - Date published: 11:35 am, June 17th, 2014 - 202 comments

Labour has released its Kiwisaver policy.  Kiwisaver will now be universal for all workers except those earning less than a to be set level.  Contributions will be gradually increased.  The $1,000 Kick-start and government contribution of up to $521 a year will be retained and will apply to all new enrollments

Auckland’s forgotten West

Written By: - Date published: 8:55 am, June 17th, 2014 - 107 comments

Almost a week after last week’s storm, some people in West Auckland are only just getting their power back on, while others are still without hot water. Some parts of Auckland’s west are becoming increasingly neglected under John Key’s watch, especially since the centralising-moves following Hide’s blueprint for the “supercity”.

Local Bodies: The Myth of Free Trade Agreements

Written By: - Date published: 12:38 pm, June 16th, 2014 - 49 comments

There is a false perception that free trade agreements are vital to our economy. Our open borders may make us the 3rd easiest country to do business in but that doesn’t mean that is an economic advantage, it actually exposes us to exploitation and is one of the reasons why our Current Account deficit is one of the largest in the OECD. The real fear should not about the loss of FTA’s but the real consequences of having them in the first place.

Real Monetary Reform

Written By: - Date published: 10:45 am, June 16th, 2014 - 142 comments

The most important thing that needs to be learned is that money is nothing. Or, to be more precise, money is a tool that can be used to distribute the resources available to a society. In and of itself it has no value nor does it have a physical representation. Specifically, money is not a medium of exchange but a symbol of exchange and because of this the cost of money, usually presented as interest, should be zero.

Two worlds: banksters; NZ child poverty

Written By: - Date published: 7:41 am, June 15th, 2014 - 253 comments

Al Jazeera outlines the dubious ethics of Goldman Sachs and the oligarchy it supports.  They don’t give a shit about the lives they damage, or the resulting increases in inequality. The Nation interviews call for increasing public pressure on politicians to tackle NZ’s appalling child poverty.

Poto Williams – Forestry Safety

Written By: - Date published: 9:00 am, June 14th, 2014 - 23 comments

A guest post from Poto Williams, Labour’s MP for Christchurch East concerning her recent attendance at the Independent Forestry Safety Review consultation and her thoughts on what is happening in relation to safety in the sector.

 

TPP – the expensive vanity project of NZ diplomacy

Written By: - Date published: 10:32 am, June 13th, 2014 - 51 comments

Wayne Mapp is worried about the possibility of Labour backing away from the Trans-Pacific Partnership (TPP). If National and MFAT would like support from the free-trade advocates inside Labour, then I’d suggest that they get off their padded arses and provide some solid information not only to us, but also to the public. But all I have heard so far is some psuedo-religious Randian rants about free-trade that are about as convincing to business people as statements about the imminent arrival of the Rapture.

CTU: Why is the Reserve Bank happy with low wage growth?

Written By: - Date published: 9:45 am, June 13th, 2014 - 124 comments

There seems little prospect for better wage growth if the Reserve Bank is to be believed. There is a high risk that growth peaks this year without most people seeing any sign of it in their pay packets. People are being forced into the job market because stagnant wages mean more people have to work for the needs of their households. At the same time harsher rules on social welfare benefits and the low level of those benefits force people into a job market where as the bank says, there is ‘elevated unemployment’.

Imperator Fish: ACT’s new employment relations policy

Written By: - Date published: 8:30 am, June 13th, 2014 - 20 comments

The ACT Party today released its employment relations policy, which focuses on providing both employees and employers with flexibility in how they arrange their workplaces. “People may think they know how slavery works, but do they really? It’s an idea that has had some bad publicity over the years, but only because the right model hasn’t been tried. We believe we have developed the right model. A model that gives employees genuine choice about whether or not to become slaves.”

National’s mouthpiece on manufacturing doesn’t like details

Written By: - Date published: 2:10 pm, June 12th, 2014 - 116 comments

David Farrar in his usual burst of hypocrisy and curious selectiveness about detailed numbers is proclaiming a headline rise in manufacturing. As is usual he is only interested in the top level numbers and doesn’t provide a link to even the summary data. I guess that is because they are rather depressing for his 9th floor of the Beehive view of employment and wage packets, which is what most voters expect from growth. There has been a slight decline in manufacturing jobs while we have a 11% growth in “manufacturing”.

The National party are in bed with the insurance industry but it’s Christchurch residents that are getting shafted

Written By: - Date published: 1:29 pm, June 12th, 2014 - 117 comments

The Insurance Council and National are desperately trying to pour cold water on Labour’s popular earthquake court policy.

Murders out west

Written By: - Date published: 9:13 am, June 12th, 2014 - 204 comments

Four alleged murders out west in the past month have caused a great deal of soul searching.  What is going wrong?  What can we do to prevent any further tragic loss of life?

Paula Bennett now believes in education for solo parents

Written By: - Date published: 9:27 am, June 11th, 2014 - 70 comments

Five years after making cuts to the training incentive allowance for solo parents wanting to educate themselves National is moving to provide some support and now realises that it makes long term sense to invest in education for solo parents. Could it be there is an election around the corner and National realises that it is vulnerable on issues relating to poverty and inequality?

NRT: Good riddance to John Banks

Written By: - Date published: 12:56 pm, June 9th, 2014 - 62 comments

The government has been stripped of its legislative majority and its policy programme, especially employment relations “reform”, is now in tatters. Now that Banks has going, we are seeing an extensive rewriting of history by the National government. Kind of pathetic really.