Posts on the economy, work, business, income, and labour
Key & Rennie say Ian Fletcher was the most suitable candidate to head the GCSB? His CV includes working on intellectual property, globalisation and free trade, & was private secretary to the Blair minister who fudged the legal advice on attacking Iraq.
Analysts are apparently ‘not worried’ about the impact of the increasingly likely-looking closure of Tiwai Point on the price of electricity and, hence, on the value of the assets National is trying to hock. A 12% reduction is all one analyst sees in Mighty River’s price is Meridian floods the market with some of the cheapest power going. The analysts have missed the politics.
Our “let’s make a deal” PM is outclassed on this one. I actually have some sympathy this time, the government is between a rock and a hard place. But while most of us worry about Southland, I suspect the Nats’ concerns will be a little closer to home…
Sometimes, I wonder where Granny Herald gets her crack from. It’s clearly strong stuff. Like when she runs an editorial soundly condemning an opposition MP for doing something that the same editorial admits is justified. Today, Cunliffe gets an earful for daring to suggest that IT multi-nationals are ripping us off.
As you know, the Right says more money incentivises harder work. John Key felt he wasn’t working very hard when he first became PM on a net $250,000 a year, so he gave himself tax cuts and pay rises worth $100 a day. Just look at the results! But I’m confused: why’s he cutting our pay with youth wages, higher Kiwisaver, and higher student loan repayments?
Changes to the tax rules that kick in today reverse two decisions made earlier by the government. Dither dither dither.
A raft of Tory policies have been dismantling the British welfare state: bedroom tax, privatising the NHS: NZ’s NAct government is following the same pattern of slyly changing small things, adding up to major changes that are ultimately socially & economically destructive.
Significant International Affairs files, relating to dodgy Pokies’ trusts, going missing, SkyCity convention centre deals made through flawed government processes. No corruption in NZ, just governance through sloppy processes? Cui bono?
Today, Fran O’Sullivan argues that Key has lost his edge & his ministers are using dubious tactics in dealing with Rio Tinto over Tiwai Point. O’Sulllivan implies that sharp, savvy and successful deal-making & leadership are masculine qualities.
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 Comissioner, and note the Mana Party’s call for support for their Feed the Kids Bill.
The ideological loonies advising the government want us to go even further down the stupid and damaging path of income tax cuts. Surely even the Nats have too much sense to listen this time.
First they got down on their knees for a massive American movie studio and negotiated away oodles of taxpayer dollars and our employment law for movies that were always going to be made in New Zealand…
New figures show that the wage gap with Australia is still increasing. National has nothing to offer but useless policies and excuses, while the captains of industry trot out the old productivity lie again.
Apparently Meridian Energy are saying that there is unlikely to be a renewal of the Tiwai Point power contract. This would massively disrupt the value of sales of shares in state owned power companies by this government. However news is being released just before Meridian appears before a select committee. So I’m anticipating that it is a chicken little play to scare this weak-kneed government into an emergency wastage of taxpayers dollars – just like the Peter Jackson inspired Hobbit extortion.
Professor Christoph Schumacher will look at the question “Should we be aiming for continual economic growth within a finite environment?”
Date: Wednesday March 27, 2013
Time: 6.00-7.30pm (Lecture commences at 6.30pm)
Venue: Sir Neil Waters Lecture Theatres, Albany campus, Massey University
Opposition MPs (e.g. Ardern & Mathers) and Sue Bradford highlight that the Social Security (Benefit Categories and Work Focus) Amendment Bill destroys lives, furthers NAct’s elitist agenda, & is more propaganda than social security or job creation.
Audrey Young and Simon Collins should get danger money for spinning this hard on jobs. But at least they’re trying, the best that Key can manage is some waffle about a “fluid market”…
Paula Bennett has found one group of beneficiaries who she doesn’t think are bludging scum! Surely this is a feelgood story, and not a workaround tactic to bash other beneficiaries, right? Bueller?
The Green Party held a public meeting in West Auckland, on their Home for Life, Affordable Housing policy – it prioritises children in poverty. It was informative, questions were raised. Mindsets need to change to achieve a good quality of life & strong communities for all.
I am at the Governing Body meeting of the International Labour Organisation in Geneva. The GB is the tripartite executive that governs the place. There are 33 union representatives on the GB and a fair few of them live in very dangerous circumstances because of their union activities in their home countries. Those we sit, eat and plan with may be arrested, jailed, tortured or killed when they get home.
The financial crisis in Cyprus has taken an unusual turn, and for a change it is the rich who will be left with the bill.
Key reacts to criticism of his appalling jobs record: “Throw criticism if you see things that we are not doing, but in terms of trying to stimulate jobs we’ve done a lot of things on that front. We’ve done everything from 90 day probation periods, to starting out wages.” That’s his solution? Cut wages and work rights? Meanwhile, a government department is firing people today.
There is a summit on renewable energy in the Pacific happening in Auckland. McCully acknowledges climate change, the PM focuses on investment opportunities, the EU hopes for clean energy to aid poverty reduction. What’s best for Pacific island communities?
National, the party of beneficiary bashing that has lead a crusade against parents on the DBP, appears to have triggered a surge of new births to DPB parents.
I/S at No Right Turn on youth rates…
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 start on the 2012 report from the Office of the Children’s Comissioner. NZ is a signatory to UN conventions that give children the right to adequate resources…
2.5% GDP growth last year. The Right’s jumping out of their skin at finally achieving the long-run average growth rate. But even on their good days, they’re doing it wrong: “The “consumer-centric” mix of growth was understandable, with low interest rates stimulating the housing market while a high dollar throttled exports, but it was the exact opposite of what was required”
When life gives you lemons, make lemonade. The revenue portfolio looked like a big step down for Cunliffe but already he’s made a mark as the parliamentary voice of a business/union coalition against Dunne’s stealth taxes. The result: humiliating backdowns for Dunne, a stain that may threaten his hold on Ohariu, and Cunliffe and Labour on the side of the winners.
Government MPs vote down a request for an enquiry into Solid Energy.
When Adam delved and Eve span, Who was then the gentleman? From the beginning all men by nature were created alike, and our bondage or servitude came in by the unjust oppression of naughty men. And therefore I exhort you to consider that now the time is come in which ye may (if ye will) cast off the yoke of bondage, and recover liberty.
There’s this almost puritan kind of myth that we’ve got so much international debt as punishment for our spendthrift ways. We ‘live beyond our means’, apparently. But it’s not true. If ‘our means’ is the money we make in exports, then most of the time, they exceed what we spend on imports. Yet, we run a $10 billion deficit as a country. Why? Because of the profit outflow.
I “attended” a fascinating “town hall” meeting last week of artists from around the world in the Visual Special Effects sector. Ignited by […]
The Social Security (Benefit Categories and Work Focus) Amendment Bill second reading is first up on the provisional order paper for today. It is a further step in Paula Bennett & NAct’s vicious, punitive, bennie-bashing campaign. MPs are urged to vote against it!
The Nats are in trouble with their budget deficits and looking to raise money via increased taxes. But they are tinkering at the edges of the problem, and were quick to chuck Peter Dunne under the bus when the latest proposals didn’t fly.
Profit-driven private sector cowboys are damaging the reputation of our education system. Naturally, National wants to make matters worse by subsidising foreign owners of profit-driven charter schools. Brilliant.
The withdrawal of News Corp from SkyNZ, & the new deal on press regulation in the UK are part of various shifts: from media moguls to financial investors, rise of the internet, & the balance between corporate media and politicians – not a fourth estate revival. [Update: tweeters/bloggers excluded]
