Posts on the economy, work, business, income, and labour
A great piece by Byran Gould yesterday on National’s refusal to acknowledge the jobs crisis in manufacturing, even as the ANZ says unemployment is on its way up to 7%. National is really on the wrong side of public perception and the wrong side of history here. They look like ostriches trying to deny the problem, while the Left is presenting the solutions.
Foss has effectively challenged the PM’s stance on ruling out changes to the age of eligibility for NZ Super. A minor rebellion? A faint flickering of independent and rational thought form within the National caucus?
This afternoon David Shearer gave a speech about jobs at the Hornby Workingman’s Club. It’s exactly the kind of speech I want to hear from the Labour leader, with plenty of substance to add weight to rhetoric.
Paid Parental Leave, Charter schools, compulsory early childhood education for beneficiaries: for NAct it’s all about money, and they use ‘shonky’ figures to justify their ‘shonkey’ policies and vetos. This is ostrich and patriarchal behaviour, ignoring the evidence of the wider benefits to communities and society of good quality child care, education and Paid Parental Leave.
There’s no class war in New Zealand. It’s not class war when the company that is laying off workers boosts its directors’ pay by 28%. It’s not class war when rich Tories who have given themselves massive tax cuts deny people on benefits are in poverty. It’s not class war when a rich Tory makes up numbers to oppose extending paid parental leave.
Dave Kennedy (bsprout) at Local Bodies writes on crime statistics and the vulnerable in our society.
Treasury is trying to tell us that private power companies don’t charge more than SOEs to justify privatisation. Of course, a moment’s thought tells you that private owners, with higher costs of capital, need larger profits than public ones. And private owners always complain the SOEs don’t charge enough. Moreover, Treasury’s spin is a complete fail.
Amidst all the current scandal and chaos, the Nats’ privatisation agenda grinds on.
In 2010 the largest protest for a generation in NZ marched down Queen St to oppose mining. But by squinting sideways at some rigged polling questions, industry advocates (aided and abetted by dumb headline writers) would have you believe that we the people support mining…
Should have reposted this last week – NRT on a bizarre and scary US legal opinion. Thoughtcrime will be next…
Here’s Granny Herald’s genius plan for economic development: if Meridian can get more money for its power elsewhere, it should let Tiwai Point close. 3,000 jobs would be lost. Invercargill and Bluff would effectively be killed. But, hey, market forces! Problem is, if Meridian only considers its narrow commercial interests, it ignores the cost to the country as a whole.
Keith Ng has uncovered a truly massive breach in MSD’s computer security.
There is ample evidence of a deep and lasting crisis, but in the delusional world of Planet Key it doesn’t exist. The EPMU Job Crisis Summit opened a much needed conversation. Russel Norman likened the New Zealand economy to a rudderless sailing ship In Stormy Seas. Will the summit be the start of a sea change for NZ?
Seriously, people, what on Earth can David Smol, CE of MoBIE, possibly do to earn $590k a year?
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, three good pieces on the recent Children’s Commisioner’s report, the Nats dither on food in schools, and much more…
Today leaders of 3 opposition parties took part in an historic press conference. Winston Peters, David Shearer and Russel Norman jointly announced the launch of a parliamentary inquiry into the crisis in manufacturing. Update: Links to articles added. One News Video.
Unions, businesses, and political parties will come together today to form a united front on the need for change to save manufacturing in New Zealand. If National want to stand isolated against the new consensus, that’s their problem.
I don’t have a problem with more information-sharing on vulnerable children. But Bennett could have done something substantial to improve the lives of children – extending the child payment to beneficiary families. National won’t spend the money on kids. So, after 4 years, all Bennett can produce is a bit of bureaucracy to look like she’s taking action.
Youth rates are an admission of economic failure.
Bill English on quantitative easing: “There are big risks with it and it is just barmy to suggest that in an economy growing at all that you would do it”. So, are the countries that are using QE to push up our currency growing? EU: -0.3% (14 of the 27 member states are growing), US: 2.1%, Switzerland: 0.6%, Japan: 3.3%. So, yes, countries use QE while growing – and it lets their businesses undercut ours.
Why is John Key backing the flagging tourist industry as a major export earner for NZ’s future? His trip to Hollywood was partly about using the Hobbit to promote NZ as a tourist destination. Why is the government so fixated on attracting more US tourists?
So, we know what Key’s utopia is: golf, holidays, no jobs, and, um, no toilets. But where are the Nats’ economic policies heading? Fast forward 20 years: low-skill, low-pay, ununionised, foreign-owned, volume-based extractive industries, rather than value-added manufacturing, massive current account deficit … it’s a disaster waiting to happen. Fortunately,there’s an alternative.
When foreign companies want hand outs, John Key says ‘ how much?’ But there’s no such concern for Kiwi workers.
Young people need work – National gives them a pay cut.
40,0000 manufacturing jobs lost – Key turns a blind eye.
If I was at the manufacturing crisis summit this Friday, and if John Key was showing up rather than spending his time on Planet Key and claiming that manufacturing is doing “extremely well”, I would ask him this: How come when Hollywood calls, you drop everything and go; how come you arrest Dotcom for them and give them $50m a year; but when Kiwi jobs are bieng lost, all you have to offer is denials and the cold shoulder?
National promised us an “unrelenting focus on jobs” and delivered record highs in unemployment and emigration. Now Key is refusing to even attend a Union jobs summit, because on Planet Key everything is just fine. The unwillingness to admit that anything is wrong is just blind arrogance.
In another slippery John Key u-turn, after his mission to Hollywood ‘sweeteners’ are now on the table. Key is bending over to let US-based conglomerates extend their dominance in NZ, in support of their own interests and values.
I was surprised this weekend to see The Herald come out with a strongly stated piece in favour of cheating and tax evasion.
So, it turns out that our ‘foreign trusts’ regime is being exploited so that billionaires from developing countries can avoid tax in their countries. We’re a tax haven. And the Government sees nothing wrong with that. It’s legal, so it’s OK. Yes, we’re helping a foreign elite avoid paying their fair share and rip off poor people, but hey, this is a National Government – that sounds like paradise to them.
John Key likes to reference Singapore as a model for New Zealand. He’s meeting their PM today. Obviously, we can’t move New Zealand to the world’s busiest shipping route but what else can we do to emulate Singapore’s economic success? Singapore hasn’t sold its SOEs – it has built them into a massive investment fund. And it doesn’t let its currency raise to kill its exporters – it intervenes.
I turned on the news hoping to see the Nats’ rebuttal of the Greens’ detailed plan to protect Kiwi manufacturing like our competitors are doing. Instead, I saw a smirking fuck who has overseen the loss of 40,000 manufacturing jobs say ‘the high dollar’s good’. Joyce actually says a over-valued dollar is a good thing. ‘Flat-screen tellies are cheaper! Pity you don’t have a job to buy one!’
Parasitic blogger takes on Very Important Columnist who does Real Journalism Work to bring to her readers Informed and Insightful Commentary on The Issues That Really Matter.
40,000 manufacturing jobs gone in four years. Manufactured exports in free-fall. Tourism revenue collapsing. If that’s not a crisis, what is? Why is […]
There is increasing concern about New Zealand’s housing situation, with an escalation in homelesssness, people living in totally unacceptable conditions, and the lack of sufficient affordable housing stock.Update: Government close to unveiling plans for “cheap” housing on city fringe and ‘brownfield’ sites.
40 jobs in a hi-tech business repairing jet engines are set to be lost. The business’s profits are being slaughtered by the high dollar. The Bluff smelter could close – 900 jobs directly on the line, plus thousands more in the local economy – as Rio Tinto can’t make a profit with the dollar so high and aluminum prices down. How much longer will we do nothing?
CTU President Helen Kelly talks about the Government’s Independent Taskforce on Workplace Health and Safety and the need for as many workers as […]
It looks like National are going to increase funding for food in low decile schools.
That’s great news for the kids but gives the government the chance to brush the question of why they were hungry in the first place under the carpet.
Just like any good third way policy should.
