The Standard

Economy

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

Categories under Economy

New Lynn Impact against poverty – action

Written By: - Date published: 4:47 pm, September 9th, 2013 - 8 comments

Last December I reported on the Auckland Action Against Poverty, Advocacy Activism in Onehunga.  There’s another one happening this week in New Lynn – starts tomorrow at 9am outside the WINZ office. [Update:] Press release from AAAP. Tales of despair: from the streets of New Lynn.

The bankster memorandum

Written By: - Date published: 10:41 am, September 9th, 2013 - 160 comments

John Key honed his skills as a speculative banker. As PM, this casino capitalist has undermined democracy, & promoted international corporate interests, while beneficiaries & workers are brutalised, inequalities enhanced and NZ’s economy & sovereignty damaged.  Does one Labour leader contender have his number measure?

It’s about jobs … and social security?

Written By: - Date published: 9:34 am, September 6th, 2013 - 168 comments

Cunliffe & Robertson stress the need to improve employment laws, jobs, wages, the economy, workers’ rights. Cunliffe invokes Savage-like social security & the need to end the Nats beneficiary bashing.  Wider community pressure is needed for there to be real political change away from the destructive neoliberal scam.

UBI. (Universal Basic Income).

Written By: - Date published: 11:58 am, September 5th, 2013 - 232 comments

The concept of UBI has a long history in New Zealand.

Of course, we already have a UBI for those over 65.  Which has been extremely successful at eliminating poverty amongst the elderly, at a very moderate cost by international standards.

TVNZ / Skycity deal is an asset dump

Written By: - Date published: 10:02 am, September 5th, 2013 - 23 comments

If Key and Joyce aren’t simply corrupt, then they are some of the most stupid business people I’ve ever seen. But most likely they’re just politicians trying to cover their arses for making a stupid mistake. It looks to me like they have gutted TVNZ to give a bare land deal to SkyCity, ignoring the value of the building on top or the profitable business that they will destroy in the process.

Enough for us all, but they want it all for themselves

Written By: - Date published: 7:37 am, September 2nd, 2013 - 180 comments

The howls of outrage from the Right elite were predictable. Robertson and Cunliffe promising a living wage for all government workers, are they crazy? Decent pay for cleaners? That’s not what their granddaddies fought for. It was predictable but it still makes you angry. These are the same people who cheered when the elite got billions in tax cuts. These are the people we have to throw out of power.

Selling our soul for 18 jobs

Written By: - Date published: 10:28 am, August 31st, 2013 - 27 comments

The Greens have got hold of an official report that National has had for 2 years showing that the SkyCity deal will add just 18 jobs to the economy as a whole. Joyce in his ‘defence’ says the report looks at the wider economic impact on Auckland city, rather than the number of workers needed at the convention centre. Uh, huh. Everyone thought they were promising 800 extra jobs for the country, when the real number is 18.

‘Mind the Gap” – the way forward

Written By: - Date published: 11:06 am, August 30th, 2013 - 77 comments

TV3’s Mind the Gap documentary (Bryan Bruce) is very important because it put before the general population the damaging impact of income inequality in a clear and and straightforward manner.  The solutions?  Ideas from academics, journalists, campaigners & opposition politicians/parties.

Syria et al.

Written By: - Date published: 5:09 pm, August 29th, 2013 - 311 comments

Sometimes the most complicated and complex situation becomes clear when viewed from a simple and obvious perspective.

Must watch TV tonight

Written By: - Date published: 12:37 pm, August 29th, 2013 - 80 comments

Inside New Zealand: Mind the Gap: A Special Report on Inequality tonight on TV3, 7.30pm.

Who would buy Meridian shares after MRP?

Written By: - Date published: 11:00 am, August 28th, 2013 - 209 comments

If you invested in Mighty River, you’ve lost 13% of your money so far. The word is the current plunge is prices is institutions selling off in order to force the Meridian listing price lower and Mighty River has a long way to fall yet. But the lower it goes, the less likely ordinary people will be to risk their savings on another privatised power company.

Smell the fear

Written By: - Date published: 2:28 pm, August 27th, 2013 - 236 comments

John Key claims he doesn’t care who becomes the next parliamentary Labour leader, while trying to drive a wedge between candidates. As Cunliffe gains momentum, Key turns negative on Cunliffe & throws some stones in his glass house. Gordon Campbell puts things in perspective.

War on the poor: flexible super

Written By: - Date published: 10:20 am, August 27th, 2013 - 94 comments

Dunne’s proposal for flexible superannuation is a U-Turn for Key, while he hides behind it being a Dunne and flexible initiative & good for low income people.  Sue Bradford argues against Dunne’s initiative, saying it will benefit those on higher incomes.  She prefers better and universal benefits.

The momentum of expectation….

Written By: - Date published: 12:20 pm, August 26th, 2013 - 115 comments

[Update] Surrounded by women, especially Pasifika women, Cunliffe announced he is standing for Labour leader. Iain Lees Galloway and Nanaia Mahuta signed the nomination forms.  Report from New Lynn:  photos added – Cunliffe answers some questions.

Fukushima

Written By: - Date published: 2:37 pm, August 24th, 2013 - 103 comments

Meanwhile back in the real world, the nuclear disaster at Fukushima is creeping back in to the headlines, for all the wrong reasons.

Poverty Watch 45

Written By: - Date published: 8:14 am, August 24th, 2013 - 20 comments

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, Auckland’s beggar ban. What sort of country are we?

Congrats to Kristine Bartlett & SFWU

Written By: - Date published: 2:42 pm, August 23rd, 2013 - 20 comments

The Employment Court has issued a preliminary ruling on caregivers pay – saying that their pay should be compared to what it would be if their profession was male-dominated, not 92% women. Kristine Bartlett is the test case with more than 20 years’ experience and skills bringing her a $14.32/hr wage.  The Service and Food […]

Why I electorate vote Cunliffe: op ed

Written By: - Date published: 12:10 pm, August 23rd, 2013 - 138 comments

I wasn’t going to express my opinion on the upcoming Labour leadership selection process. However, the usual right leaning MSM hacks seem to have been following the current Labour caucus leadership in naming Robertson as the frontrunner. This is my op ed testimony for my frontrunner, the MP for my electorate: Cunliffe.

Losing your job

Written By: - Date published: 11:42 am, August 23rd, 2013 - 73 comments

David Shearer is not the only one to lose his job this month. It’s quite a list, when you add it up…

GCSB & TICS

Written By: - Date published: 7:13 am, August 23rd, 2013 - 52 comments

There will be plenty of coverage of the Labour leadership process here on The Standard, I don’t feel any need to contribute. There are too many other important matters that mustn’t fall under the radar. You thought the GCSB spying Bill was bad? The TICS bill is worse.

David Bennett’s successor?

Written By: - Date published: 10:39 am, August 22nd, 2013 - 17 comments

Rumour has it that David Bennett has decided to retire at the next election. It’s been made clear to him that he’ll never be allowed anywhere near a ministerial portfolio. Who will take on his role? Well, how about this guy – Mark Sabin – who yesterday told Parliament that, thanks to St Key, New Zealand has the highest growth rate on Earth, when it’s actually 117th?

Bad law making – GCSB Bill

Written By: - Date published: 12:10 pm, August 21st, 2013 - 29 comments

Grant Robertson & David Cunliffe explain how the GCSB Bill is bad law (especially section 8 & related sections). It doesn’t provide adequate oversight or safeguards against the wholesale spying on New Zealanders. A clarifying statement from the PM is not good law. Andrea Vance demystifies the Bill.

Key adds another $40m to the asset sales bill

Written By: - Date published: 6:24 am, August 21st, 2013 - 120 comments

We know that only 2.5% of Kiwis bought shares in Mighty River Power. English now talks of ‘tens of thousands’ buying Meridian shares. This ain’t no widespread ownership – it’s the few buying and the many losing ownership. So far, we’ve paid at least $100m for these sales. Yesterday, Key added $40m in interest-free loans to Meridian buyers.

Mighty Big Gamble on Mighty Big Gift

Written By: - Date published: 8:43 pm, August 20th, 2013 - 19 comments

Hey John, how much public money are you going to pay the wealthy to “buy” our assets? (And how just desperate are you…?)

Oram on Nats’ economic bungles

Written By: - Date published: 8:44 am, August 19th, 2013 - 59 comments

The first of two required reading pieces from the weekend. Financial journalist Rod Oram sums up the Nats economic performance in an excellent piece in the SST. “Is damage control an economic development strategy?”

Poverty Watch 44

Written By: - Date published: 9:28 am, August 17th, 2013 - 3 comments

Welcome to Poverty Watch, a weekly update on National’s lack of response to the urgent and growing issue of poverty in NZ. Last week CPAG published a report on the links between poverty and child abuse, and why current government policy is misguided. So what did the second part of the report have to say?

Cheap and nasty

Written By: - Date published: 8:49 am, August 17th, 2013 - 36 comments

Having been burned by the cheapest tender and the leaky building fiasco, the Nats say that they have now worked out that the cheapest tender is not necessarily the best. (Brilliant eh?) If only it was true that they had really learned the lesson…

Statistic of the Day

Written By: - Date published: 11:10 am, August 16th, 2013 - 4 comments

Percent of Auckland City Mission food recipients who are working: 25%

Kiwis say no to welfare-bashing

Written By: - Date published: 8:17 am, August 16th, 2013 - 22 comments

Stuff’s polls aren’t usually known for their left-wing bias. Indeed there’s a tendency for them to pitch the other way. Which is why I clicked on the results button for their latest (self-selected) poll with some trepidation. after all the question was “Should doctors be encouraged to question unemployed patients on their career goals?”

Statistic of the Day

Written By: - Date published: 10:06 am, August 15th, 2013 - 19 comments

Percent of New Zealanders with not enough money to make ends meet: 15

Percent unemployed: 6.4

It wasn’t a dirty pipe

Written By: - Date published: 8:27 am, August 15th, 2013 - 205 comments

It wasn’t a dirty pipe. That is the claim made by veterinarian and farm performance consultant Frank Rowson, as reported by Stuff yesterday. Rowson says “This disease originates in contaminated feed and animal manure”. Let the enquiries begin – we need to be honest about the problem and fix it.