Posts on the economy, work, business, income, and labour
Nick Smith has a long history of slippery dealings. He apologises but accepts no blame, then is resurrected: contempt of court, a defamation case, the Pullar-ACC “conflict of interest”, bad faith negotiations with Auckland Council, the Denniston Plateau deal. Yesterday on RNZ, Smith exposed the government’s agenda on mining conservation land.
The myth that National sold Mighty River Power to ‘mum and dads’ is dead. New analysis shows that half the retail shares went to just 12,844 people. A tiny group of 394 people bought 10% of the retail shares. Only 13.4% of the company is owned by what you might call ‘ordinary Kiwis’ – less than the amount owned by foreign investors. But the truth is, ordinary Kiwis are the 98% who bought nothing.
It looks like Nick Smith will today grant access to West Coast conservation land for mining. This looks like a cynical attempt to enforce the government’s anti-conservation agenda by avoiding the legal and democratic requirement for public consultation. When will the NZ Herald headline: “Democracy Under Attack!”? [updated]
John Key has been caught in yet another lie, over his claim that Solid Energy asked for a $1 billion injection of taxpayer’s money.
Hamilton City looks like it’ll be the first Council to pay a Living Wage, as it fulfils its obligations as a good employer, following the likes of The Warehouse and Progressive Enterprises.
NZ’s Fair Deal Coalition launched a new website, ourfairdeal.org, networking globally with others concerned about intellectual property & the TTPA. The FDC includes those supporting global “neoliberal” commerce, & others supporting community & public sector activities, democratic freedoms and privacy rights.
That’s what Mighty River stocks closed at today. Down on their issue price within ten days.
The Right’s fairytale machine makes a lot of Key’s supposed ability to charm foreign leaders and open doors for Kiwi trade. Well, the door slammed shut for meat exports to China at the end of April. National managed to keep that secret until after the budget. No wonder, it exposes the failure of Key’s international relations style.
I had heard that National’s internal polling was showing they were becoming vulnerable on social equity issues. For some reason New Zealanders are coming to think of them as a government that looks after its rich mates at the expense of everyone else
As I/S pointed out yesterday, the Government’s “innovation” agenda is nothing more than a cuts to R&D and hidden subsidies.
Today in the Herald that’s confirmed
Welcome to Poverty Watch, a weekly update on National’s lack of response to the urgent and growing issue of poverty in NZ. This week – reaction to the budget’s lack of significant action on poverty, and CPAG’s court case on the In Work Tax Credit.
Air NZ has recently posted a $138 million profit. It now forecasts that it will double that profit in the next financial year, and is offering a sale of shares in the near future. So a few months after concluding a collective agreement, they’re indulging in bad faith and illegal practices. This is how you embroil yourself in keeping share prices low.
Yesterday’s budget is a sop to affordable housing & aims to privatise state housing. Penny Hulse says the government’s related “housing accord” Bill is at odds with the agreement her council has not yet ratified. It overrides local democracy & endangers the AKL “agreement”. [Update] Waitakere News analysis
Budget links and reaction (updates to come).
Four years of misguided austerity have delayed any recovery.
Despite the advance publicity there is nothing significant here for families in poverty.
“When National is not selling something like Mighty River Power, it is busy selling out to the likes of SkyCity” – John Armstrong. He could have added ‘or defending the elite’s rentier profits’. To fudge the fact that National works for the elite, there”ll be crumbs for the poor in this budget. Something’s better than nothing but, unless it matches the $2b tax cuts for the rich, it’s just window-dressing.
The Right unleashed the most brutal campaign in living memory against an opposition policy when the Greens and Labour announced the NZ Power plan to bring down power prices. They (rightly) saw it as a challenge to the whole rentier class that has been bleeding NZ dry for quarter of a century. It’s heartening, then, that the Right hasn’t managed to fool people.
The whole austerity driven focus of the budget and National’s economic policy is based on a premise which is in turn based on a spreadsheet error.
The GCSB won’t “confirm or deny” if they spied on individual Kiwis. Concerned citizens might contact the Privacy Commissioner or start a class action. John Key’s rushed GCSB Bill won’t prevent mission creep, surveillance to support international corporate interests or inadequate oversight of the GCSB. [Update]: link to Waitakere News
Thursday’s budget is likely to make businesses central to blunting the edge of child poverty. Campbell Live is concerned about the marginalisation of skilled community organisations. Harawira has delayed the reading of his Feed the Kids Bill & argues for the state to play a stronger role.
The compensation part of Joyce’s and Key’s dirty, undemocratic SkyCity deal, could legally be over-turned by a future government, as proposed by the Greens. However, the TPPA could weaken NZ’s parliamentary sovereignty and open the government to claims by secret private offshore tribunals. Opposition needs to step up!
Over at Kiwiblog David Farrar’s having a big cry about the Greens indicating they’d legislate against the dodgy contract this government has struck with Sky city. To David, the property rights conveyed by contract law are paramount above all other rights. Including the rights of the people of a sovereign nation to direct a government to exercise their will.
Who was missing from the Mighty River and SkyCity launches? Being seen at the front of positive government stories is a big part of the PM’s job, unless concerns over protecting Brand Key override that. The fact Key has been a no-show at these two announcements of central planks of National’s agenda tells you a lot about what the Nats’ polling says about them.
SkyCity will get more pokies and cashless gambling in return for building the convention centre that it always wanted to build. (…excuse me, I’m just trying not to puke watching Len Brown on Breakfast as he shrugs off the problem gambling increase from this deal…) The convention centre will be a white elephant. SkyCity should know that what’s done can be undone.
Update: Anyone buying in to the Nats’ “Labour did it too” line should read Russell Brown’s demolition of that lie.
Key and Joyce made sure Gilmore was out of the way before they announced their dubious Sky City for (more) pokies deal. The pokies system in NZ is rife with dubious goings on. It’s bad for low income families, communities and their children. [update: responses]
Rob Stock at the Sunday Star Times reports that National plans to dump state housing on NGOs and flog land to developers.
National are governing for their rich mates again.
An article in today’s Sunday Star Times, provides evidence of an organised business in providing students with assignments for their tertiary education courses. The focus is on Chinese ethnicity. Ultimately, the blame for such rorts lies with the neoliberalisation of universities: the undermining of the critical endeavour of education.
Welcome to Poverty Watch, a weekly update on National’s lack of response to the urgent and growing issue of poverty in NZ. This week we continue with the 2012 report from the Office of the Children’s Commissioner, and “sympathise” with those poor Herald readers who are just sick to death of all those beggars on Queen St…
The working age population grows by around 30,000 a year. A bit over two-thirds of them work or want a job. So, to keep unemployment from rising, the economy needs at least 20,000 additional jobs per year. So, the drop in unemployment must mean we did that and some last year, eh? No. Just 8,000 jobs were added last year. Unemployment fell because people dropped out.
Yesterday’s NZ Herald editorial gave a hard-line conservative view of what a charity should be. Charities should and must deal with ills of society on a person by person basis without attempting to fix the causation. That sounds more like a parasitical “charity” like the workhouses of the 19th century or the adoption factories of the 20th than anything that a person of goodwill would choose to support.
The latest Household Labour Force Employment statistics are out, and on the surface, look good for John and Bill. But this is driven by improved employment in Canterbury over the last quarter. Grant Robertson says, “Disaster recovery is not a plan for jobs”.
Big Western retailers provide us with relatively cheap clothing, through paying low wages in countries where industrial health and safety is poorly regulated. Last month a big garment factory in Bangladesh collapsed, killing over 700 800 people. Ultimately we are all damaged by the profiteering of the elites.
Because things aren’t quite tough enough for first-time home buyers yet.
Here are the numbers that sum up the MRP sale fail – foremost among them the $1,000 that the government has spent per Kiwi investor attracted.
Well Key’s cornerstone policy, the one that many commentators claimed was him showing his mettle, has come to fruition. And it’s such a poison chalice he didn’t even have the guts to show up for the big reveal in person (spoiler: less than half the number of people who signed up to oppose asset sales signed up to buy).
This morning David Shearer gave Labour’s “pre budget” speech. No new policy, but plenty of good one-liners and a strong statement of Labour’s position.
John Key is using “urgency” to push through his anti-democratic Big brother GCSB surveillance Bill. Dotcom’s lawyers have released a 39 page white paper making a range of allegations against the FBI, Obama & NZ authorities. Peters is keeping his cards close to his chest. Update: Peters’ calls government “bully boy” & will vote against the Bill.
