The Standard

Economy

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

Categories under Economy

Farrar lies again

Written By: - Date published: 12:15 pm, June 9th, 2014 - 61 comments

For the second time in as many weeks, David Farrar has lied to his readers over at kiwiblog.

Spy law changes & telcos exposé

Written By: - Date published: 9:28 am, June 7th, 2014 - 13 comments

Vodafone has made public the extent of the use of spying via their systems, done by state agencies in several countries including NZ.  NZ state agencies have revealed the amount of warrants issued prior to the passing of the GCSB and TICS laws late last year.

Child Poverty in Aotearoa: Tackling Inequality

Written By: - Date published: 6:30 pm, June 6th, 2014 - 10 comments

There’s a wee bit of irony in showing a program on inequality on expensive subscriber-only TV; but nonetheless there’s an excellent new series on Face TV (Sky 83).

Digital speed cameras & mass surveillance

Written By: - Date published: 12:49 pm, June 6th, 2014 - 30 comments

The main NZ news outlets are reporting on the new digital speed cameras about to be progressively installed around the country.  They fail to report on the potential of the cameras to be used for mass surveillance.

Spying on the left: 20th century “dirt files”

Written By: - Date published: 9:43 pm, June 1st, 2014 - 56 comments

Secret files have been released, that document the spying of Labour/left politicians in the early-to-mid 20th century: Savage, Fraser, Nash, Sutch, Sir Dove Meyer Robinson.  The NZ establishment has a long history of treating the left as a threat. [Update: “Dunne over” by spy review]

Green Party conference – focus on policies

Written By: - Date published: 8:00 am, May 31st, 2014 - 74 comments

It’s the Green Party Conference this weekend.  Metiria Turei was on RNZ yesterday morning, talking about how the main focus for the conference will be on policies.  Speeches will be streamed live online from the conference today & tomorrow. Update: summary of today’s speeches. Healthy Teens policy.

Considering newborns

Written By: - Date published: 5:00 pm, May 29th, 2014 - 43 comments

It’s a classic National manoeuvre. Ask them a straightforward question like “is there support for all newborn babies in New Zealand?” and get a straightforward “Yes” – with several significant caveats that altogether add up to No.

So what happened here? PPL vote

Written By: - Date published: 10:38 pm, May 28th, 2014 - 32 comments

There has been some questioning of the vote for the second reading of the Paid Parental Bill tonight. Sue Moroney claims the Maori Party were planning to vote for it.  The Nat whip cast the Maori Party votes AGAINST the Bill. [Update: One News; NZ Herald]

Kiwipolitico: The housing problem isn’t a housing problem; it’s a regional development problem

Written By: - Date published: 3:07 pm, May 28th, 2014 - 41 comments

The national median house price is $415,000, a figure skewed substantially upwards by the extraordinary cost of housing in Auckland. But you can buy a three bedroom house a for a lot less outside the urban areas. There just aren’t jobs to go with them. The chart shows income and employment growth by region. The growth is just not there. Correct that, and it might correct the supply in the urban centres.

Polity: Inequality trends

Written By: - Date published: 9:16 pm, May 27th, 2014 - 7 comments

Rob Salmond at Polity has a series of posts in recent days that have been well worth reposting but alas they missed due to travel. Who gained from National’s tax switch? and May TV polls. But he is on fire since he got back from aussie – perhaps they spiked his drinks? But this one looking at the probable shifts in inequality in NZ in the future is pretty damn sobering to anyone who thinks that we need a more equal society.

David Farrar is (still) the hypocrite

Written By: - Date published: 1:31 pm, May 27th, 2014 - 23 comments

It appears that David Farrar, paid rubber mouthpiece for the National party, is exercising his right to be a hypocrite again. Surely he remembers his attitudes back in 2012 when he was acting as their mouthpiece to discourage other economic migrants seeking a better life in NZ? And it looks like Key is parroting the message tested at Kiwiblog… How predictable.

Labour please take note.

Written By: - Date published: 10:50 am, May 26th, 2014 - 71 comments

The more that National publicly adopts “left wing” “socialist”  party policies, such as “free” medical care for children under 13, keeping the retirement age as it is, and balancing the budget, the more they rise in the polls.

Snapshot of a nation: inequality

Written By: - Date published: 8:00 am, May 24th, 2014 - 30 comments

Al Jazeera reports on damaging inequalities in Spain under “austerity”.  High unemployment; 30% of children  in poverty, political corruption, tax evasion & a focus on football.  Suggested ways to decrease income & wealth inequalities in NZ. Update: TV3’s The Nation: inequality & Wilson & Pickett interview.

NRT: The rich rort us again

Written By: - Date published: 1:50 pm, May 23rd, 2014 - 28 comments

No Right Turn on paying private schools and childcare as being charitable ‘donations’ and thereby trying to defraud taxpayers.

Governments need to do some work.

Written By: - Date published: 1:30 pm, May 23rd, 2014 - 37 comments

I nearly snorted my coffee down the wrong way when the Economist arrived on my pad this morning.  “In need of new oomph” opened with the obvious, that world wide growth was stalling. But then it moved past the usual central bank mantras to the need for governments to start doing something more useful than just cutting deficits. Translated to NZ, we need investment in useful economic infrastructure.

Key-Fletcher nexus: anti-democratic ‘Intelligence communities’

Written By: - Date published: 11:36 am, May 23rd, 2014 - 47 comments

Campbell Live pointed to a massive, integrated shift in NZ governance under John Key’s watch. This enhances the power of international trade and commerce, incorporating the GCSB the US, & 5 Eyes . At the centre of this shift, is the murky relationship between John Key & Ian Fletcher.

NRT: An agreement for the sake of an agreement

Written By: - Date published: 3:42 pm, May 22nd, 2014 - 19 comments

The more you look at the Trans Pacific ‘Partnership’, the more you realise that unlike the trade agreements of the past 20 years, this agreement isn’t a agreement about freeing up trade. It is about putting restraints on trade. For NZ especially, it appears that we will not receive anything from it. All it does is makes it harder for our businesses. No Right Turn looks at the latest disaster of NZ diplomacy..

The smoke & mirrors of the surveillance-military-economic-complex

Written By: - Date published: 2:22 pm, May 21st, 2014 - 29 comments

There are a range of issues, which are part of a GCSB-intelligence-surveillance-military-complex. Some significant elements seem to be posing as diversions from other parts of the complex, and the way all parts hang together. What will he offer Obama to advance NZ’s position in the TPPA?

Occasionally Erudite: Please, Labour, stop trying to link everything to the housing crisis

Written By: - Date published: 11:20 am, May 21st, 2014 - 99 comments

Jono at Occasionally Erudite has this advice to offer the strategy team at Labour. Make sure pushing of theme(s) this election doesn’t get snagged into the irrelevant that doesn’t have much to do with it. For instance “…are people currently earning minimum wage really likely to be even close to getting into the Auckland, Christchurch or Wellington housing markets?”

Polity: The young ones

Written By: - Date published: 7:27 am, May 21st, 2014 - 7 comments

Rob Salmond at Polity looks at what our young have to look forward to in 2019  with National’s hands-off housing screwup. How an average family would fare under National’s do-nothing approach to the housing crisis then?

Laissez faire capitalists think that India’s labour laws are too protective

Written By: - Date published: 2:09 pm, May 20th, 2014 - 53 comments

India has a new leader following recent elections.  Narendra Modi has some strange ideas on Labour laws unfortunately and thinks that Indian workers have too much protection.

Polity: Key: Pathological liar about tax

Written By: - Date published: 3:05 pm, May 18th, 2014 - 30 comments

John Key is clearly lying about tax again. He claims that most of “all nett tax” is paid for by the wealthy. As usual he ignores the 15% GST tax, the various sales taxes on things like petrol, and the many other sales and consumption taxes. GST and other consumption taxes are largely paid for by the not wealthy. Which is why they were raised to pay for National’s tax cuts for the wealthy.

NRT: MBIE doesn’t care about conservation

Written By: - Date published: 2:37 pm, May 18th, 2014 - 4 comments

No Right Turn turns his attention back to the hapless ministerial fool , Simon Bridges. It turns out that when he approved oil exploration in our biggest forest park without realising that he had, it was also what his advice had been. MoBIE simply didn’t consider if the oil exploration and presumably the eventual exploitation would conflict with something as economically vital as tourism. In fact, they appear to have ignored all other claims and uses of the land.

The Human Cost of Inequality

Written By: - Date published: 2:10 pm, May 18th, 2014 - 131 comments

The Sir Douglas Robb Lectures for 2014 start tomorrow evening in Auckland. These three free lectures are being given by the authors of “The Spirit Level: Why More Equal Societies Almost Always Do Better”, a book much hated by those amongst us who would prefer that societies either didn’t exist or were more unequal and tilted in their favour. Based on many of the trolls here on this topic, it’d appear that most Act supporters and many National supporters appear fall into this category.

Marama Davidson: candidate for Tāmaki Makaurau

Written By: - Date published: 10:11 am, May 17th, 2014 - 40 comments

Marama Davidson, is on the Green Party list & is a candidate for the Tāmaki Makaurau seat.  Davidson is a really promising up-coming politician.  She is committed to working for people, communities, the environment, democratic process, & strongly supports wahine, Māori & young people.

“Collect it all”, “exploit it all”: 5 Eyes economic surveillance

Written By: - Date published: 9:10 pm, May 15th, 2014 - 54 comments

Glenn Greenwald, interviewed on Democracy Now, outlines the extent of the NSA-led 5 Eyes surveillance systems. It is a leap from sci fi into our daily lives. Economic surveillance dominates.  John Key & Ian Fletcher have some questions to answer – have they misled us? [Update: documents link]

All Down to Dunne

Written By: - Date published: 7:31 pm, May 15th, 2014 - 37 comments

In the next few hours Peter Dunne could stand by his word and help Kiwi Families.

The question is, will he do it?

Update: No he didn’t. So much for his principles.

Polity: Budget 2014: Over-promise. Under-deliver.

Written By: - Date published: 3:18 pm, May 15th, 2014 - 40 comments

Earlier this week I predicted the Budget would be Labour-lite. I was right, but only in part. By far the biggest disappointment is in housing. The government signalled help for home buyers would be a highlight in the Budget. A few pathetic morsels isn’t a highlight. This will make next to no difference to the housing affordability crisis. First home buyers aren’t $3,500 short of a house. They are hundreds of thousands short, because there aren’t nearly enough homes.

National’s proposed public spending to GDP ratio – the election’s clear blue line

Written By: - Date published: 9:22 am, May 15th, 2014 - 72 comments

The real story of the coming election is what was revealed in Bill English’s reported pre-budget speech to the National Party’s Southern Region conference at the weekend. He signalled an intention to reduce the proportion of government spending to 26% of GDP over the next 6 to 7 years. The current level at 30% already places NZ in the lowest quartile of OECD countries, having fallen from 35% of GDP in 2008. Most developed nations spend a significantly higher proportion of GDP on government goods and services.

John Key’s bullshit about rising inequality

Written By: - Date published: 2:41 pm, May 14th, 2014 - 86 comments

In Question Time today.  John Key has rejected evidence such census statistics, as reported on RNZ, that the inequality gap in Auckland is growing. He crowed about his government’s record & launched diversionary attacks on the opposition. Update: Question One video; Transcript links – Transcripts & other links updated. #realbudgetnumbers

Green Party pre-budget policy launch

Written By: - Date published: 9:14 am, May 13th, 2014 - 10 comments

The Green Party will do a pre-budget economic policy launch: livestream here 11am 11.30am-12.30pm.They are pretty adept at interacting with Kiwis via social media, and on TV. They are grounded in grassroots activities, that link to their policies aimed at making life better for low-to-middle income Kiwis. [Updated#1: got start time wrong: #2 policy here – Green Investment Bank; news reports]