The Standard

Economy

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

Categories under Economy

APEC, TPP, Crosby-Textor, Philip Morris & John Key

Written By: - Date published: 10:33 am, October 8th, 2013 - 76 comments

John Key’s role as Obama surrogate in chairing TPP discussions at APEC just reinforce how much Key is deeply involved in crony capitalist, Big Corporate serving networks of influence: ones that link him with anti-democratic Big Tobacco, Big Oil, and climate change denial propaganda.

TPPA: Kelsey vs Mapp debating

Written By: - Date published: 11:48 am, October 7th, 2013 - 55 comments

My current view is that the TPPA will provide intergovernmental welfare for Fonterra and farmers while destroying our rapidly expanding technical export industry.  It just leaves us as a farm for the world just as we we used to be the farm for the UK. We remain susceptible to policy changes from outside destroying our economy. But maybe this public debate on Wednesday evening in Auckland will provide more information.

Shutdown 2013

Written By: - Date published: 7:15 am, October 7th, 2013 - 61 comments

The US is creeping toward a week of government shut down. Held hostage by the Republicans Tea Party wing.

It will be fascinating to see what this does to the GOP. Will it split into two parties one essentially fascist and one more like the republicans of old? Or will it just dwindle away for a while?

All hail RBNZ independence! – Armstrong

Written By: - Date published: 10:32 am, October 5th, 2013 - 94 comments

Old man Armstrong’s out on the Herald’s front lawn this morning, shaking his fist and telling those bloody kids in Labour to stop questioning whether the Reserve Bank is doing the right thing. They should sit quietly and accept whatever the Bank decides to do. This is called ‘consensus’, apparently. Problem is, Armstrong provides no justification for complete RB independence.

(Un)affordable rents in Berm City

Written By: - Date published: 10:04 am, October 3rd, 2013 - 43 comments

Central Auckland, gated city candidates get cosy about their grass verges. The west has a crisis in affordable rents & homelessness. Labour & Nats housing policies bow to the middle class home ownership agenda.  Greens & Mana look to state & council housing.

Simon Bridges caught fibbing again

Written By: - Date published: 6:57 am, October 3rd, 2013 - 15 comments

Simon Bridges has been keeping a low profile lately but he’s in the news again today, and onceagain he’s been caught being somewhat less than honest.

It turns out he’s been caught trying to bury a report showing a huge quarterly jump in electricity prices.

Your Brighter Future: Burn.

Written By: - Date published: 1:13 pm, October 2nd, 2013 - 15 comments

“I just utter one fear…”

Remember that?

Crony Capitalism and Chorus

Written By: - Date published: 9:37 am, October 2nd, 2013 - 50 comments

The Axe the Copper Tax campaign has stepped up a notch with the release of a peer review of the original analysis that the tax would cost Kiwis $600 million.  The review states that the original methodology was sound and the findings conservative.  The issue itself has galvanised opposition from some of the Government’s most staunchest friends.  This is probably the first Standard Post ever to rely on comments from the Herald, the NBR, David Farrar and Matthew Hooton to justify a claim that this Government is engaged in the most basic form of Crony Capitalism.  Yes things are that bad for the Government.

Sign the TPPA petition!

Written By: - Date published: 6:55 am, October 1st, 2013 - 212 comments

Tell our government they shouldn’t sign such far reaching international agreements without public consultation. It’s not democracy and it’s not right. Also: celeb video.

Warfare of welfare

Written By: - Date published: 11:22 am, September 30th, 2013 - 137 comments

3 billion reasons to be…cheerful?

Meridian on the block

Written By: - Date published: 7:24 am, September 30th, 2013 - 40 comments

If you weren’t paying attention you could easily miss the fact that Meridian shares are opening today. that’s because there’s been a lot less mainstream hoopla about it than there was with the sale of MRP. Despite the face there’s been a whole host of taxpayer funded sweeteners attached to the deal.

On merit

Written By: - Date published: 1:07 pm, September 29th, 2013 - 35 comments

Which Labour MP has Matt McCarten today described as “Another Cunliffe loyalist rewarded.” and scored 5/10?

Now, which Labour MP got the government on the ropes with a member’s bill to the point that Bill English had to threaten a rarely used and politically damaging financial veto?

The cleaner & the ugly face of National

Written By: - Date published: 7:05 am, September 27th, 2013 - 164 comments

Imagine that your job was to clean 130 toilets every day. Imagine the grinding unpleasantness of it. Imagine the horrors some disgusting person would regularly leave for you to deal with. Imagine you do that for just above the minimum wage, barely enough to support your family, far from enough to live a real life. And imagine seeing one of the people whose shit you clean sneer at you.

Key loses his “Centre”, Herald spins right, Smith on the ropes

Written By: - Date published: 11:31 am, September 25th, 2013 - 35 comments

Cunliffe’s moderate, centre left Labour is on the rise; MSM-supported, NAct smears & negative spin is in over-drive.  John Key and the NZ Herald editorial  spin from the radical “neoliberal” right.  Slippery Nick Smith, a NAct weak point, is under concerted pressure. [Updated]

Doing what we’re best at

Written By: - Date published: 2:37 pm, September 24th, 2013 - 53 comments

National is a very traditional party. They think that NZ is good at clearing land and raising animals, with a bit of mining on the side. The population is there to service farmers and miners on low wages. That may have been the case in the 1950’s. But as usual they’re hopelessly dated. Sometimes in recent years it has appeared to me that Labour thinks that way as well. But it looks like David Cunliffe is intent on refocusing us back on the burgeoning hi-wage and hi-growth hi-tech sector.

Hooton – please apologise

Written By: - Date published: 1:46 pm, September 23rd, 2013 - 220 comments

Matthew Hooton accused David Cunliffe of lying about his involvement with the Boston Management Group when it was providing advice that led to the development of Fonterra.  A little research supports Cunliffe’s claims and not Hooton’s.

“Predistribution”: From Miliband to Cunliffe

Written By: - Date published: 10:11 am, September 23rd, 2013 - 41 comments

Ed Miliband got the idea of pre-distribution from Jacob Hacker. Cunliffe has followed.  Can “pre-distribution” underpin a new direction for the left in NZ: one relevant to the challenges of the 21st century, especially in countering the too wide inequality gap & re-instating social democracy?

Have National’s asset sales officially cost more than they’ll earn?

Written By: - Date published: 7:00 pm, September 22nd, 2013 - 51 comments

In a previous post at The Standard I did a wee bit of math and came to the conclusion that National has already made $5.26 billion worth of spending promises out of the Future Investment Fund, the not-actually-a-fund chunk of cash they plan to make from selling taxpayer-built infrastructure to their mates. Things have developed. […]

Beyond the MSM? You Bet!

Written By: - Date published: 10:18 am, September 20th, 2013 - 221 comments

David Cunliffe spoke to the Left base in the Daily Blog Live interview last night: economy, tax, employment, GCSB, TPPA & more.  He raises hopes for a new, post GFC social democratic vision. But he spoke to those with economic & policy knowledge. His nods towards better social security, away from bennie bashing, need fleshing out.

NRT: Rewarding failure

Written By: - Date published: 3:27 pm, September 18th, 2013 - 17 comments

What seems to be the defining feature of this government is in providing corporate welfare to incompetents who underbid their competition for government work or want bigger subsidies at the taxpayers expense. Give them the vaguest excuse and Key or Joyce will wilt like a flower in a desert and throw money at companies who […]

Cunliffe’s not so shabby question: broadband costs

Written By: - Date published: 12:57 pm, September 18th, 2013 - 41 comments

The MSM largely reported on Cunliffe stumbling over the word Chorus in his first question yesterday to PM Key.  But Key’s answers and later replies to the media, indicate corporate-friendly, cronyist manipulations and dodgy phone advice. [Update: Coalition for Fair Internet Pricing]

Vulnerable Children: The big picture

Written By: - Date published: 9:29 am, September 18th, 2013 - 43 comments

Yesterday Paula Bennett introduced the First Reading of the Vulnerable Children Bill.  Nat MPs separated child abuse from issues of poverty and income inequality.  Opposition MPs from Mana, Labour & The Greens called the Nats on it, arguing for the bigger picture.

John Key’s anti-democratic government

Written By: - Date published: 9:31 am, September 17th, 2013 - 48 comments

John Key tries to smear the winner of Labour’s democratic leadership contest as “far left”, while his government continues in its anti-democratic, plutocratic ways: sale of Meridian to avoid referendum; Joyce’s Broadband pricing “arm twisting”.

Cunliffe declares war on National and the TPPA

Written By: - Date published: 8:05 am, September 17th, 2013 - 178 comments

Day one of Cunliffe’s leadership and he is into battle mode.  He has made it clear that unity in the caucus is expected.  And he has deftly raised the Trans Pacific Partnership Agreement as a political issue.

Enough of the Best for All of Us

Written By: - Date published: 10:30 am, September 16th, 2013 - 22 comments

Today is the 75th Anniversary of the 1938 Social Security Act, one of Labour’s finest achievements that shaped our modern society. As Michael Joseph Savage said during the passage of the Bill: “There is enough of the best for all of us, and I want to bring about security for everyone during illness, whether it be temporary incapacity due to accident, or anything else. I should think it was the inalienable right of every person to be secured against distress of any form.”

Tales from the precariat: AAAP

Written By: - Date published: 1:18 pm, September 13th, 2013 - 71 comments

Auckland Action Against Poverty did 3 days of advocacy action in New Lynn.  Their press releases & videos show the struggles of low income Kiwis to survive in John Key’s corporate-loving NZ.  The tales tell of a need for real social security legislation & a more client-friendly WINZ.

Housing: the options, the new left narrative?

Written By: - Date published: 11:07 am, September 13th, 2013 - 75 comments

The response to Metiria Turei’s sttements about affordable housing on The Vote, raises questions about political narratives are told to the general electorate? The Greens, Mana and Cunliffe have stressed their “vision“.  How to tell it so it reaches the hearts of New Zealanders?

Inequality lecture series

Written By: - Date published: 5:06 pm, September 12th, 2013 - 10 comments

Napier (tonight), Gisborne, Rotorua, Hamilton, Whanganui, New Plymouth, Nelson – even one in Auckland!

Axe the Copper Tax

Written By: - Date published: 12:38 pm, September 12th, 2013 - 39 comments

social welfare not corporate welfareA coalition of organisations as diverse as InternetNZ, TUANZ, a number of corporates, Unite Union and even Kiwiblog are starting a campaign to oppose Government plans to stop the cost of copper broadband connections to retail users being reduced to the fair price determined by the Commerce Commission so that Chorus can recover unbudgeted costs on the fibre rollout.

This week’s Jonolist award goes to….

Written By: - Date published: 8:35 am, September 12th, 2013 - 86 comments

Jonolist award to Patrick Gower for slanted reporting of a non-poll result, continuing his anti-Cunliffe lines.  Special mention to 3 News report on The Vote bovver boys, against affordable housing for those in need, forcing a “back-down” from Turei on lowering house prices. Need better MSM.

Colin James on the asset sales referendum & Nats’ economic record

Written By: - Date published: 10:25 am, September 10th, 2013 - 17 comments

Colin James takes on Key over the asset sales referendum, savaging the economic argument for sales. Then he turns to National’s other big financial markets call – suspending contributions to the Cullen Fund James discovers its cost us a lot of money. What James doesn’t recognise is that asset sales and suspending the Cullen Fund payments were never about what’s best for NZ.