Asset Sales delay?
The Herald reports that the Supreme Court will not meet the Government’s timetable for its decision on the Maori Council’s challenge to Asset Sales.
Economy
Posts on the economy, work, business, income, and labour
$18.40 an hour to live, not just exist
The Living Wage Coalition has released the results of their research, calculating that a wage of $18.40 is needed for workers and their families to have a decent life and participate in society. About 40% of workers currently earn less. The pressure is now on bosses of businesses and public bodies to pay the living wage or explain why they deserve a decent life but their workers don’t.
Wrong. Wrong. Wrong.
Child Poverty, a high exchange rate and suppression of free speech. It’s that National Government again.
Economic crime
White collar crime – fraud and tax evasion – is in the news again with a new report on the impact. The costs are estimated as several Billion per year. Meanwhile the Nats put all their energy into demonising and chasing $22 Million in welfare fraud.
Government report card: poverty, jobs, housing – FAIL!
The Salavation Army “State of the Nation” report is out today, and, as Metiria Turei says, it makes depressing reading. It describes a nation of increasing inequalities, with those on low incomes, and their children, being hit particularly hard.
Bully Banks
Good for Damien O’Connor. He’s calling for an enquiry into possible mis-selling of interest rate swaps to farmers. Good for Fairfax’s Rob Stock too, who has written extensively about this issue in the Sunday Star-Times. In Britain, it’s a huge story; their Financial Services Authority has said that more than 90% of these interest rate derivatives could have been mis-sold. Compensation is going to be paid; the only question is whether it will be in the millions or billions.
A living wage: living with dignity edition
The concept of a living wage is one that just makes good sense to me. A wage should be enough to live on, right? Because it’s a wage? Because what’s the point if it doesn’t?
John Key discovers the usefulness of Yellow Peril
Bad jobs numbers and a succession of collapses of major businesses weighing your government down? You need: distraction! How about an old classic from the New Zealand politician’s playbook – the Yellow Peril! Passed on by Seddon and Peters, Yellow Peril’s now being wielded by John Key as he talks of vague, unsubstantiated threats that boatloads of Indonesians are heading for our shores.
Key Living Wage: “A matter for them”
John Key, as expected, failed to take any sort of lead – or even fast following – on the Living Wage campaign. It’s “a matter for them” – businesses and workers – not something for a mere Prime Minister to be interested in. He thinks it’s nice if businesses pay more as they can afford it, but obviously doesn’t see higher wages as a priority.
The green economy
There’s a lot of talk about the benefits of moving to a green, sustainable economy but details on what that looks like in practice in New Zealand are often frustratingly thin. Greenpeace is releasing a report – The Future is Here – that puts meat on the bones. The main thing is getting us off expensive, polluting, imported oil and on to clean, local energy.
Missive to a parasite
Convicted fraudster and Herald columnist Damien Grant says ‘good riddance’ to manufacturing in his latest piece. A lower dollar would make his next smartphone more expensive, he says. When not in jail, Grant’s a receiver. Things are good for him at the moment. But, I’ll tell him this: even carrion birds ultimately need a healthy herd to scavenge off.
The failure of economic austerity
As one writer sums it up – “no austerity has helped any economy”. So why do we carry on with this failed ideology? Perhaps because, while it does nothing for the vast majority of people, it helps make the super-rich even richer…
For a living wage
The living wage campaign is announcing this week the results of its study into the pay that a family needs to afford the basics for a decent life in New Zealand. It’ll be around $18-$20 an hour, which is more than 40% of workers get. I look forward to the proposal receiving strong support from the parties of the Left – the Left has always said a well-paying job is better than welfare.
Hatin’ on the left
So Trevor Mallard thinks it’s smart to stick the boot in to Russell Norman for linking to an article about using the printing […]
What are they afraid of?
Once again Big Film threatens NZ to do as it’s told, or they will take their toys and go home. Specifically, they don’t want negotiation documents released under OIA. Makes one wonder just what is in these documents. What are they afraid of do you think?
To intervene or not to intervene, that is the question…
Frank Macskasy at Frankly Speaking looks at who does get generous government assistance – and who doesn’t. “This isn’t governance. This is economic decline by a thousand cuts.”
Community Service
Greenpeace activists were fined and ordered to do Community Service – for serving the global community by protesting about Climate Change & the oil industry. Others get honours like knighthoods for services that are damaging for the majority in the community. Misplaced values? [update] RNZ interview with Lucy Lawless.
Poverty Watch 18
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, further in to the Children’s Social Health Monitor 2012 Update Report.
Employment down – blame the data!
So the Nats have lost 30,000 jobs in the last year. But it’s not their fault right? If we can’t blame the global economy, it must be the stats! And to be fair since this government came in the Household Labour Survey has jumped about a bit – between bad and horrendous.
Nats’ low wage economy hollowing us out
The Nats were elected on a promise of a high wage economy. When it became clear that they were achieving the opposite, they tried to spin a disaster into a “competitive advantage”. And so in the real world the exodus to Australia continues. Now it’s affecting even our naval capability.
Nats lose 30,000 jobs in a year
When was the last time you heard John Key promise 170,000 new jobs? Just before the election in 2011, I reckon. Well, this last year 30,000 jobs were lost. Put that in context, it’s the 3rd largest annual job loss in history. The largest was 1988 as Douglas put the economy to the sword. The next was 2009 during the recession. And now, we’re losing 600 jobs a week during the ‘recovery’.
Novopay going from bad to worse
Mr Fixit Steven Joyce has been handed the Novopay fiasco, and the first pay round under his watch is the worst yet. Teachers are currently owed almost $12 Million in missing wages. Is this a conspiracy, or just a good old fashioned cock up?
Another one bites the dust
Another day, another company that couldn’t make it in National’s stagnant economy. But this company, Mainzeal, is a particularly significant case, our third largest construction company. There will be significant flow on effects to other parts of the sector.
Beneficiary bashing – mission accomplished
National’s constant beneficiary bashing has borne predictable fruit – beneficiaries are now perceived as the most discriminated against group in the country.
Sunday Reading
My regular Sunday piece of interesting, longer, deeper stories I found during the week. It’s also a chance for you to share what you found this week too. Those stimulating links you wanted to share, but just didn’t fit in anywhere. This week: Economics, inequality, privacy-destroying drones and citizen responsibilities.
The unemployment curse
Oamaru lost 192 jobs on Thursday as Summit Wool Spinners closed its doors. The knock-down effect could claim hundreds more. Events like this can cripple a small town and consign the workers to long-term unemployment. Now, the Greens have revealed that long-term unemployment has quadrupled with John Key at the helm.
Poverty Watch 17
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, the Children’s Social Health Monitor 2012 Update Report, and will the Maori Party act on their words?
Where were you Granny?
Granny Herald: “Some policies aimed at quenching what politicians perceive to be a public appetite for fairness are recycled regularly even when they have been shown to be deeply flawed.” Discuss…
Wave goodbye to another 200 jobs
While National continues to deny there’s a manufacturing crisis and the main opposition wastes its time plotting clever procedural tricks the high dollar claims another 200 Kiwi jobs – this time as Summit Woolspinners closes in Oamaru.
Reserve Bank admits problem, sits on hands
Inflation is still below the Reserve Bank’s target band of 1-3%. It says: “ This mainly reflects the impact of the overvalued New Zealand dollar.” The high and overvalued dollar keeps import prices down , but kills exporters who must provide for our economy’s future. The Reserve Bank’s obsession with the very different problems of the 1980’s means that as a country we are eating our seed corn.
The fiscal hole
David Parker has drawn attention to a steadily growing $1 Billion hole in projected tax income. That gap, and the stalled economy which underlies the problem, are not going to be fixed by John Key acting like an angry chimp in parliament, flinging insults out of his cage.
Jobs & Manufacturing
National is failing to resolve the lack of jobs as they provide a 14-year high in unemployment – even after exporting 180,000 Kiwis to Australia. If we add them in the unemployment rate doubles to 13.8%. More than 40,000 of those job losses have been in manufacturing. Research says that manufacturing jobs have a multiplier of 2.9, that means about 80,000 other indirect job losses. Combined that’s 2/3rds of our unemployment rate, just by getting back to where we were when National took office.
Opposition speeches & ‘Roads of Madness’
Debates on the PM’s statement to the House show that this do-nothing government needs to go. Plenty of good ideas from opposition MPs. An excellent speech by Genter against Joyce’s ‘Roads of Madness’ & for public transport.
Jobs friendly government?
More work in prisons, fewer mail deliveries, fewer WoF checks. I won’t say these are bad policies – done right there’s some merits. But I will point out this: 2,000 job losses from fewer WoF checks, up to 3,000 jobs gone with three day a week delivery, and the very real risk of prison labour displacing free workers. So much for a relentless focus on jobs.
EPMU: Manufacturing Strategy Needed
Because the EPMU put it so well – here’s the summary of their submission to the Manufacturing Inquiry.
As on we go, drowning
Despair. That’s what I felt, watching Key’s speech yesterday. Others said he was boring. Some complained of his screeching. I just felt despair. This guy is running the country. Our country. And he has nothing. Nothing for us. Nothing for you. Nothing for me. Nothing for the people we care about. Some spoils of conquest for his mates. But nothing for New Zealand.