The Standard

Economy

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

Categories under Economy

Officials’ dinners off in China

Written By: - Date published: 4:50 am, March 16th, 2014 - 36 comments

Fran O’Sullivan thinks that the only reason why Collins is still a Minister was Key’s need to save face in his impending visit to China. I think Key may have got a better reception from Xi Jinping if he had followed the Chinese leader’s example of taking a hard line on  dinner-table corruption and sacked Collins.

Power of an informed public

Written By: - Date published: 9:50 am, March 15th, 2014 - 5 comments

The West Auckland Peasants Film Club FB page says: “The greatest threat to freedom and well-being everywhere is corporate ambition: the greatest threat to corporate ambition is a well-informed public”. This week the PFC is showing, I Am (Dir. Tom Shadyac)  – how to get such information seen more widely?

Tony Benn 1925-2014

Written By: - Date published: 9:42 pm, March 14th, 2014 - 34 comments

Sorry to hear that Tony Benn has died today, at age 88.  He came from an aristocratic background, but became part of the UK Labour Party’s “radical” left.  He spoke for Unions, people power and democratic process, and against neoliberalism. [Update – Tony Benn quotes]

No excuse for WINZ’s mistreatment of people in need

Written By: - Date published: 5:00 pm, March 14th, 2014 - 183 comments

Yesterday one woman’s story blew the lid on our government’s treatment of beneficiaries. Sarah Wilson’s post on her ongoing struggles just to get Work and Income to do their job properly and give her the support she needs went viral, and as the comments flooded in, more stories emerged. Stories about how humiliating it is […]

The Genesis share float – or is that share sink?

Written By: - Date published: 10:03 am, March 14th, 2014 - 24 comments

The Government is continuing with the Genesis share float.  Shares with an anticipated yield of 15% are being sold to pay off debt on which interest at 5% is being charged.  What sort of economic lunacy is this?

Stand up for fairness in & for NZ – TPPA, March 29

Written By: - Date published: 11:02 am, March 13th, 2014 - 6 comments

International, cronyist, corporate capitalism skews democratic processes in NZ, making it harder for the majority of battling Kiwis to get a fair go – harder to ensure all New Zealanders live in a society that works for them. The TPPA is a power-play between the US and other powerful countries.  There’s nothing in it for NZ. National Day of action March 29th, 2014.

National – pissing debt against a wall.

Written By: - Date published: 3:41 pm, March 11th, 2014 - 77 comments

The deficit was $637 million dollars bigger than expected. In fact it was more than double the expected size. Why? Well  mostly because of much smaller tax revenues than previously estimated. So much for the mythic recovery that National’s spinners have been pushing over xmas. We just finished paying off the mountain of debt that National gave me back in the 1970’s and early 80s. Now the shifty party of crony business morons are trying to do it to another generation.

Union communicators and RSS – please join the 21st century

Written By: - Date published: 2:23 pm, March 11th, 2014 - 27 comments

Just at present I’m particularly interested in adding union sites with RSS feeds to our feeds. But it is somewhat irritating. Many of the sites don’t have a RSS feed. They should have one. Unions are an inherent part of the labour movement that we like to think that we’re helping and a part of.  It’d be nice if they did their bit to help us help them.

 

Ukraine

Written By: - Date published: 3:27 pm, March 10th, 2014 - 50 comments

That thing about truth and war…

Beltway blues: serving the public interest?

Written By: - Date published: 12:00 pm, March 10th, 2014 - 32 comments

Gower’s one-dimensional, distorted, gotcha reporting, highlights the failings of TV3 news & The Nation.  Corin Dann and Qu &A are less one-dimensional, but speak within the B-Hive-Media Loop, that  speaks for the comfortable middle & Business classes, & manufactured a “problem” week for Cunliffe.


Where ‘welfare reform’ ends

Written By: - Date published: 10:58 am, March 10th, 2014 - 25 comments

Sheila Holt, in the UK, is in a coma for 2 months. She has also just been invited to “intensive job-focused activity” by the Dept of Work & Pensions.

Invermay: Meddling Joyce Ignores the Evidence

Written By: - Date published: 9:39 am, March 10th, 2014 - 8 comments

My brother has posted across at Red Alert on Steven Joyce’s bungling oversight of AgResearch’s current $100 million restructure. The Crown Research Institute is New Zealand’s largest, and a recipient of generous Government support. Andy West, the former head of AgResearch stands to gain as head of Lincoln University from a plan that independent review […]

Pinning hopes on China

Written By: - Date published: 9:35 am, March 9th, 2014 - 33 comments

Our export-led economy is a rock-star according to those on the right. Australia kept us going, and now, despite the EU still spluttering, we can fly because China will buy all our milk powder. But there’s a potential flaw in putting all your eggs in one China basket, as a number of BBC stories have been revealing.

LB: Government Spin and Hidden Secrets

Written By: - Date published: 4:24 pm, March 8th, 2014 - 34 comments

This National led Government has seriously mismanaged things and is desperate to hide the true effects of its governance over the last five years. I half suspect many of the retiring National MPs are jumping ship because they don’t want to be around when the proverbial hits the fan. National have carefully constructed showy facades that hide flimsy realities

Happy International (Working) Women’s Day!

Written By: - Date published: 9:00 am, March 8th, 2014 - 28 comments

The official theme of International Women’s Day this year is “Inspiring Change”. It’s a little vague, a little aspirational, not too confrontational – fairly typical for this kind of awareness-raising exercise. But it is 2014, and it’s an election year, and the way we talk about women, and women’s work, does have the potential to […]

Auckland Council CCO 2 step

Written By: - Date published: 10:42 am, March 7th, 2014 - 13 comments

Mai Chen argues that the current review of Auckland Council CCOs will put them on a tighter leash.  Tony Holman argues against the whole CCO set up: it’s a trojan horse, 2 step towards privatisation of Auckland assets.  Aucklanders need to have their say. Vote out Team Key to prevent such sales.

Tricky Patrick Gower in NZHouse of Cards

Written By: - Date published: 11:43 am, March 6th, 2014 - 133 comments

In need of public service media. TV3 News is a neoliberal propaganda vehicle.  I’ve stopped watching it.  However, today Martyn Bradbury posted a transcription of last night’s highly distorted report by Patrick Gower, with a critical analysis of just how much the report misrepresents.

Glen Innes ‘war zone’

Written By: - Date published: 9:08 am, March 6th, 2014 - 52 comments

A  photo/video documentary project in March Metro Magazine shows Glen Innes as a war zone.  The National Government’s war on the poor continues with the sales and removal of state housing.  Protest this evening at Glen Innes.

National’s ICT failures.

Written By: - Date published: 10:55 pm, March 4th, 2014 - 23 comments

After having the past five and bit years with National’s negative policies about anything to do with new technologies, it is really nice to see some partially formed red-tinged morning ideas about how to encourage local usage of the net appearing on the sky’s horizon.  National’s ICT strategy seems to see how uselessly slow they can do everything and how much they can slow down the development of ICT in NZ.

NRT: Inequality is bad for growth

Written By: - Date published: 2:44 pm, March 4th, 2014 - 7 comments

No Right Turn succinctly points out the impact of the International Monetary Fund changing its mind on the adverse effects of inequality in the economic sphere. A case of an accumulation of facts overriding dumb ideology.

NZ independence? back to the future

Written By: - Date published: 10:50 am, March 4th, 2014 - 150 comments

NZ seems like a client state of both US imperialism, and the UK monarchy: a throwback to the first part of the 20th century. John Key was quick to support the US & EU lines on the Crimea; some low achieving, British royals are visiting NZ at taxpayers’ expense.

A tale of two journalists

Written By: - Date published: 8:59 am, March 2nd, 2014 - 111 comments

Trisha Dunleavy has outlined the problems a& challenges for public service TV in NZ. Contrasting tales of 2 TV journalists – Rachel Smalley & Patrick Gower – highlight the problems with NZ’s (currently) dominant infotainment approach to news.

The retirement age debate

Written By: - Date published: 7:33 am, March 2nd, 2014 - 164 comments

Labour’s current policy to gradually increase the age of retirement is a fiscally appropriate response to the pressures that will result from the baby boomer bulge in the population approaching retirement. But is it the right thing to do?

How to build better beggars

Written By: - Date published: 9:00 am, March 1st, 2014 - 35 comments

In the United States, the street beggars have great patter. Despite what South Park would have us believe, when you walk down the main street of a major city, you don’t get hordes of people shiftlessly shaking cups at you, asking for “change?” There are a few.  But far more often, there’s a story.  I […]

National misleads on child poverty

Written By: - Date published: 7:24 am, March 1st, 2014 - 30 comments

So under National Treasury has underestimated poverty significantly for the past five years.  And rather than acknowledging this immediately they have waited two months and presented a full court press of information when admitting the mistake.  And they still have ministers saying that poverty is not increasing in Aotearoa …

Why we train health and safety reps

Written By: - Date published: 4:31 pm, February 28th, 2014 - 15 comments

Sadly those that don’t want workers to be trained in health and safety are attacking the courses the CTU runs for health and safety rep training, ironically including the Minister of ACC. This blog is a rather boring “on the record” blog setting out how the contract is run in preparation for any further attacks.  They might not happen over night, but they will happen!

NRT: Treasury, National, and child poverty

Written By: - Date published: 2:18 pm, February 28th, 2014 - 10 comments

In many ways what is even more irritating about this screwup by treasury is that it isn’t likely to be the children living below the poverty line that has an impact. It is the large numbers of elderly that Treasury has now discovered getting worse off and falling into poverty.  After all they have a vote. Whereas children don’t so the future accumulated costs of their poverty aren’t something that this government will concern itself about.

Bent Bill

Written By: - Date published: 11:42 pm, February 27th, 2014 - 57 comments

What do you call someone who knowingly relies on false information to defend his case?

Bill English.

Hyping doesn’t help the economy, work does

Written By: - Date published: 8:45 am, February 26th, 2014 - 67 comments

Looking at all of the hype that sometimes goes around about the economy, you have to wonder if anyone ever reads actual economic indicators later on. We have a government now that operates as if claiming a target is all the work that they have to do. For instance look at the tax take. It is “unexpectedly” low and the “expected” government surplus is in jeopardy. That is because this government has been ignoring growing the actual economy for 5 years. Taxes and jobs come from growing businesses.

Gini: A Measure of Inequality

Written By: - Date published: 10:30 am, February 25th, 2014 - 14 comments

In my previous post on how a UBI would address inequality,  it turns out I figured out something that is already known as a measure of inequality called the Gini coefficient and the Lorenz curve. A lower Gini coefficient is better and represents a more equal society. It is a recognised way of measuring and comparing inequality between countries, changes in equality overtime and for the effects of taxation proposals.  Looking at it for NZ shows the effects of the last 30 years of neoliberal “reform”.

Songs from the inside out

Written By: - Date published: 12:36 pm, February 24th, 2014 - 13 comments

I looked at some local newspapers to get away from the endless support for neoliberal values that dominates out MSM.  I found people living with unaffordable housing – & how the power of song can unite people in their struggles at the sharp end of the big inequality gap. Maori TV, “Songs from the Inside”.