The Standard

Economy

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

Categories under Economy

From slum-house to mega-man: Mana-TIP connections

Written By: - Date published: 1:17 pm, April 12th, 2014 - 405 comments

There’s a lot of media attention on the negotiations between Mana & The Internet Party (TIP).  Mana aims to link with some other parties. Some high profile people are scheduled to speak to Mana.  Is Dotcom’s focus on his poor childhood genuine or a PR strategy? [Update#2: Sunday, NZ Herald – green light for negotiations]

Inequalities of the 10 percenters

Written By: - Date published: 9:29 am, April 12th, 2014 - 28 comments

All inequality measures are not equal.  The GINI Coefficient is widely used but it doesn’t show the impact of vast increases in inequality between the richest and poorest Kiwis; it doesn’t show increasing experiences of hardship: it can mask vast inequalities in wealth & asset ownership.

Hypocrisy

Written By: - Date published: 9:32 pm, April 9th, 2014 - 27 comments

The levels of hypocrisy of John Key and National are astounding. Nanny State, borrowing’s bad, too many public servants… all while doing far more of their supposed “crimes” than any government previously.

LB: Bill’s Busted Budget and Tim’s Exploding Emissions

Written By: - Date published: 4:28 pm, April 9th, 2014 - 13 comments

Local bodies points out a couple more of the National government’s sad-sacks. For some strange (but obvious) reason a warmish market for milk powder doesn’t do much for NZ apart from destroying our environment. English’s taxcuts for his wealthy mates have destroyed the fiscal base of the government and done nothing to cause any investment in the productive and employable parts of our economy. Tim Groser has also made an artform of making NZ worse off.

NRT: Is the Minister of Energy a muppet?

Written By: - Date published: 3:55 pm, April 9th, 2014 - 11 comments

When looking at Simon Bridges – a purported government minister. You have to remember that he is damn sloppy even for a politician. But oh so typical of his usual muppet behaviour is that he wasn’t aware that he was opening up our biggest forest park for oil and gas exploration. Of course it could just be National’s bulldoze anything for a little immediate profit….

September 18th

Written By: - Date published: 7:36 pm, April 8th, 2014 - 46 comments

The 18th of September 2014 is a big day.

On that day, people living in Scotland will decide if they want to become citizens in a nation that will have reclaimed its sovereignty.

Poverty denial – NZ Herald editorial

Written By: - Date published: 8:44 am, April 8th, 2014 - 210 comments

Today’s NZ Herald editorial joins Paula Bennett’s beneficiary-bashing stunt, asking for flying privileges to be cut, & denying there is a lot of poverty in NZ- a view from the privileged part of NZ’s inequality gap.

The image is the story …

Written By: - Date published: 9:46 am, April 7th, 2014 - 15 comments

Images from today’s mainstream media news: tales of class, crime, drugs, disasters…… and jet-setting beneficiaries.

Local Bodies: The Great Oil Gamble and Wasted Opportunities

Written By: - Date published: 8:37 am, April 7th, 2014 - 24 comments

Gamble Big’ rather than ‘Think Big’ should be this National Government’s mantra.Opening up huge areas of our land and territorial waters for open slather oil and gas exploration is a gamble on so many levels. When many countries like Denmark are actively chasing a sustainable, clean energy future, this government is throwing all its hopes on a big strike of fossil fuel.

Bugger the polls!

Written By: - Date published: 8:56 am, April 6th, 2014 - 83 comments

Auckland Against Poverty protest the Young Nats Ball and Paula Bennett’s war on the poor.  Steven Joyce is cynical about the polls. A Stuff poll shows everything that is wrong with the media’s poll beat ups.

Go Annette!

Written By: - Date published: 9:35 am, April 4th, 2014 - 53 comments

Mana Party candidate Annette Sykes has been developing an effective organisation in her electorate.  Her speech at the TPPA rally laid out its threats to livelihoods in the Bay of Plenty.  Her views on the Internet Party will be listened to when discussed by the Mana Party.

Rogernomics, income inequality & gender politics

Written By: - Date published: 12:22 pm, April 3rd, 2014 - 22 comments

All of us, in our diversity, can make a big impact this election year. Time to end the “neoliberal” tyranny!  Crime stats are celebrated masking the continuing impact of income & social inequalities. Rogernomics fractured gender politics & rape crisis intiatives.

Drill baby drill

Written By: - Date published: 8:12 am, April 3rd, 2014 - 40 comments

Two days after the IPCC has warned us of the threat posed by climate change and Simon Bridges has announced a huge block offer of parts of New Zealand and much of its territorial water.  This will include the pristine waters off Auckland’s west coast, home of Maui’s dolphin.  In a world that has to address its consumption of petroleum you have to question if it is worth the risk.

NRT: Privatization is theft

Written By: - Date published: 6:56 am, April 3rd, 2014 - 33 comments

A government is carrying out a crash-program of privatization without a mandate. It is desperate to sell, so it sets the price of the shares artificially low, and loses $1.5 billion in a single day. No, this isn’t New Zealand (yet) – its the UK:

Hone Harawira: No prestige in iwi leaders trying to hide poverty

Written By: - Date published: 6:24 am, April 3rd, 2014 - 52 comments

When so-called iwi leaders condemn teachers for daring to highlight the massive failings of the New Zealand education system for Maori children in case the minister of Education might be embarrassed, then they show themselves up as a sad and pathetic group for whom the warm embrace of government has become more important than the needs of their own children and grandchildren. Just who the hell do they think they are, trying to hide the truth of New Zealand’s failed policies just because the international community is in town?

Patricia Grace takes on RONS

Written By: - Date published: 9:29 am, April 1st, 2014 - 48 comments

The Kapiti Expressway is one of the National government’s RONS projects:  it makes no sense economically.  It is destructive to the environment and the local communities. The NZTA is attempting to run roughshod over ancestral lands, including that of writer, Patricia Grace.  She is taking a stand.

Domestic violence is a work issue

Written By: - Date published: 8:30 am, April 1st, 2014 - 88 comments

We can now put a dollar figure – a conservative, probably-underestimated figure – on the cost of domestic violence to New Zealand business. That’s due to a report commissed by the Public Service Association, released yesterday in conjunction with a Member’s Bill from Green MP Jan Logie which will change our law to protect victims […]

Highlighting the income gap

Written By: - Date published: 10:33 am, March 31st, 2014 - 84 comments

A high proportion of Kiwis know that there is too big an income inequality gap. Economic power & media discourse too often work to maintain such inequalities.  How can knowledge and understandings be changed via the media, social media and creative political action?

Walking the talk – protests Sat 29 March

Written By: - Date published: 2:07 pm, March 28th, 2014 - 63 comments

Tomorrow Today: Support the important Day of Action across NZ against the TPPA – the TPPA is anti-democratic, pro-corporate & will make life harder for ordinary Kiwis; Support the NZEI demonstrations in Auckland & Wellington, for a living wage, for an excellent public education system, against poverty that undermines education. [Update: photos & reports]

30th anniversary of the Trades Hall bombing

Written By: - Date published: 12:10 pm, March 27th, 2014 - 24 comments

On this day in 1984 a suitcase bomb was left in the Wellington Trades Hall. At 5:19 it detonated, killing Ernie Abbott, the caretaker. The bomber has never been caught, despite a massive police investigation and a reward of $50,000 offered for information. We don’t even really know why the Trades Hall was targeted – […]

The struggle over gambling corruption

Written By: - Date published: 10:04 am, March 25th, 2014 - 48 comments

There has been a long struggle by the Problem Gambling Foundation & others against SkyCity & the powerful and secretive Pokie Trusts.  The government has tended to support the trusts, while maintaining their distance from them.  The defunding of the PGF is the latest chapter in the struggle.

Power disconnections increase as hardship grants are cut

Written By: - Date published: 8:47 am, March 25th, 2014 - 38 comments

Radio New Zealand has reported that power disconnections have soared at the same time that WINZ hardship grants have plummeted. Simon Bridges has suggested that it is the power companies fault. The Government should be blaming increasing poverty and inadequate WINZ hardship grants instead.

Assuming justice and creating justice

Written By: - Date published: 10:00 am, March 23rd, 2014 - 35 comments

I’ve been thinking about politics, assumptions, and justice. I sat in on a recording of The Egonomist on Friday – thanks for having me there, guys! – and we discussed some of the issues and reactions to Sarah Wilson‘s articles on WINZ, specifically the backlash from people who insist that Sarah must be a liar, […]

Corporates for TPP

Written By: - Date published: 9:00 am, March 22nd, 2014 - 47 comments

Big (US) Pharma has been the leading lobbyist that has shaped the TPP, followed by corporates in the following industries; Hollywood, automobile, textiles, dairy. This makes the TPP a major threat to the interests and well-being of Kiwis. Good reasons to take part in next Saturday’s Day Of Action (29 March 1pm) across NZ.

And now for the real news…

Written By: - Date published: 10:00 am, March 21st, 2014 - 15 comments

Rockstar economy”?   Let’s hear it for another chorus of,”There is no depression in New Zealand”!  Demographia reports on absolute food and housing poverty for too many Kiwis.  Simon Collins reports on the ethnic inequality gaps & high rates of Maori imprisonment.

NRT: A good idea from NZFirst

Written By: - Date published: 7:06 pm, March 20th, 2014 - 4 comments

From an environmental economics perspective, mining is a wealth transfer, shifting public wealth (minerals) into private profits of mining companies. Along the way, it creates jobs, but it is basically spending capital. When the resources run out or become unprofitable to extract the jobs disappear and a regional economy geared solely to resource extraction withers and dies. NZ First wants to change that.

What use is oil extraction here?

Written By: - Date published: 9:10 am, March 20th, 2014 - 26 comments

One of the more irritating traits of National politicians is their bone-headed and short-term obsession about being rentiers selling raw and lightly processed raw materials offshore. Sure it is great in the short-term for the seller of the rights to those raw materials, but it does little to nothing for the other 4+ million people […]

Taiwan

Written By: - Date published: 11:28 am, March 19th, 2014 - 9 comments

Taiwanese legislature occupied. Could be news…

NRT: An economic upgrade?

Written By: - Date published: 2:24 pm, March 17th, 2014 - 60 comments

No Right Turn reacts to David Cunliffe’s speech on Friday. “…one thing is clear: we need to move our economy away from a focus on milk. Our environment can’t sustain it, and its not delivering for anyone other than a narrow class of wealthy farmers.” “… rich economies have multiple sources of income. And they consciously develop them through industrial policy.”

Closing the Gaps – Education & work

Written By: - Date published: 10:10 am, March 17th, 2014 - 8 comments

Simon Collins article on reducing inequalities for Māori & Pacific people. Māori and Pacific youth have become significantly disadvantaged in employment.  However, the article supports charter schools, without examining how such neoliberal intitatives are ultimately damaging for Māori & Pacific people.

Russel Norman on consumerism & happiness

Written By: - Date published: 8:23 am, March 16th, 2014 - 38 comments

An interview provides an insight into Russel Norman’s working class background & frugal, anti-consumerist outlook. Combines well with Metiria Turei’s working class background –  which has motivated her campaign against child poverty and inequality.