The Standard

Economy

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

Categories under Economy

Revolting young

Written By: - Date published: 8:54 am, June 14th, 2013 - 400 comments

Bernard Hickey asked such an interesting question on Twitter that it’s worth a post and discussion here. When and how will the young revolt?

Networks of influence: Key, Peter Thiel & the GCSB

Written By: - Date published: 9:21 am, June 13th, 2013 - 70 comments

We don’t know how often John Key has met with Peter Thiel, co-founder of Palantir which developes cyber-intell systems like PRISM, & is now operating in NZ.  Thiel’s involvement in NZ is  extensive. He has been pursuing his “utopian” libertarian, cyber-focused agenda in NZ for a few years.

Toles on economic recovery

Written By: - Date published: 11:57 am, June 12th, 2013 - 15 comments

surprise-us300

Why can’t the Right face the manufacturing crisis?

Written By: - Date published: 7:00 am, June 12th, 2013 - 117 comments

The NBR (motto: ‘our circulation’s falling at 12% per year’) and the Right blogs are all aflutter after supposedly proving that Russel Norman is wrong and there haven’t been 40,000 manufacturing jobs lost since 2008. NBR’s Rob Hosking claims the number is only 10,000-20,000. Because, you know, that would be OK. But the truth is, Norman’s right – 40,000 manufacturing job losses since June 2008.

Nothing moderate about National’s employment changes

Written By: - Date published: 3:41 pm, June 11th, 2013 - 71 comments

There is nothing ‘moderate’ about pushing policy that increases the power of the powerful and reduces the power of those dependent on them for a living, says the EPMU’s Rachel Mackintosh.

National’s employment changes will drive wages down and increase insecurity and poverty in this country.

The corruption of democracy

Written By: - Date published: 11:07 am, June 11th, 2013 - 69 comments

Similar neoliberal, corporate-friendly, beneficiary-bashing, anti-worker, anti-democratic & big-brotherish measures favoured by the US & UK governments have been adopted by Key’s government. Prism, Thin Thread and Kim Dotcom documents, show the GCSB & SIS need to be reigned in. How to ensure a fair, just & democratic society?

Hooton spouting nonsense

Written By: - Date published: 9:23 am, June 11th, 2013 - 179 comments

Matthew Hooton is spinning like mad to talk up the economy. Unfortunately his spin sometimes bends the truth beyond breaking point, and there were three examples of that yesterday.

Thin end of the wedge to get thicker?

Written By: - Date published: 11:38 am, June 10th, 2013 - 54 comments

The Nats’ attacks on workers rights and conditions started with the “fire at will” (90 day probation) Bill. No surprise to find pressure from employers to double the duration.

Whistleblowers and services to journalism

Written By: - Date published: 10:00 am, June 10th, 2013 - 57 comments

Two leakers (one a true whistleblower), are in the news right now, both focused on the US-led surveillance society, operating in the interests of corporate power.  And today, in relation to this, 2 journalists show the importance of the fourth estate to democracy. Kim Hill & Glenn Greenwald take a bow.

Poverty Watch 34

Written By: - Date published: 1:01 pm, June 8th, 2013 - 5 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 we take a detailed look at the government’s response to the report on poverty from the Office of the Children’s Commissioner. The media reaction summarised last week is correct – the government response is a joke.

Slane sums up

Written By: - Date published: 8:24 am, June 8th, 2013 - 108 comments

slane-left-right300

NSA pwns the internet

Written By: - Date published: 11:03 am, June 7th, 2013 - 74 comments

The NSA has direct access to servers at Google, Apple, Facebook, and other Internet giants, and they collect pretty much whatever data they like. We shouldn’t be surprised. The Guardian has the story.

NRT: If you can’t cap it, don’t drill it

Written By: - Date published: 9:49 am, June 7th, 2013 - 21 comments

I/S at No Right Turn on deep water drilling off our coast line.

Special pleading from the Electricity Authority

Written By: - Date published: 10:17 pm, June 6th, 2013 - 36 comments

Dr Brent Layton of the Electricity Authority has produced a 28-page paper to refute the claims of Molly Melhuish, Dr Geoff Bertram and Bryan Leyland that “the Authority’s approach is a light-touch approach to regulating the electricity markets.” Layton says that forcing prices and asset values down will have a “chilling” effect on  fearful investors.  The ‘”chilling” metaphor is particularly inapt when used to defend wealth transfers from the poor to the rich.

War on Workers

Written By: - Date published: 12:01 pm, June 6th, 2013 - 35 comments

Labour MP Darien Fenton has posted this on Red Alert.

The policing of women’s bodies

Written By: - Date published: 10:00 am, June 6th, 2013 - 116 comments

(Socialist) feminism seems to be on the rise internationally, exposing how threats to “old boys” corporate-aligned power are countered by policing women’s bodies. Sue Bradford highlights the contradiction between Owen Glenn’s paternalistic corporate capitalism and the feminist-aligned participants in his Inquiry. Jan Logie addresses the gender pay gap.

Ode to Phil Twyford

Written By: - Date published: 6:08 am, June 6th, 2013 - 24 comments

I was impressed by Phil Twyford’s analysis of the Government’s housing policies announced in the budget. I thought his best point was that only this Government could announce a housing affordability policy with the eviction of 3000 state housing tenants as its centre piece!

OECD report leans left

Written By: - Date published: 11:56 am, June 5th, 2013 - 24 comments

Bill English reviews the economy

Both sides of the political spectrum will draw some comfort from the recent OECD report on our economy, but overall the report is much better aligned with Labour / Green policy.

NZ Power verdict is in

Written By: - Date published: 7:09 am, June 5th, 2013 - 108 comments

The polls are in.  Despite an unprecendented assault by the capitalist forces to protect the profits of the electricity companies, the people want change, they want lower power prices. A TVNZ poll shows 57% of people support for the Labour/Green NZ Power plan, while the TV3 poll shows 54% support. So, keep on howling, Righties. Keep putting profit before people.

Christchurch schools for sale

Written By: - Date published: 10:32 am, June 4th, 2013 - 17 comments

Recently closed Christchurch schools, which according to the Nats don’t have the student base and/or are too quake damaged to keep running, are going to be sold off for purposes including – charter schools.

The National government’s divided society

Written By: - Date published: 7:56 am, June 2nd, 2013 - 14 comments

A Fairfax poll shows an NZ divided by income inequalities & political allegiances. Little unemployment for National voters & more for opposition voters: a precariat with a high proportion of Maori & Pacific people. The right time for Russel Norman’s speech and blockupy?

Poverty Watch 33

Written By: - Date published: 8:52 am, June 1st, 2013 - 12 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 we look a the reaction to the government’s response to the report on poverty from the Office of the Children’s Commissioner.

Green Party for democracy

Written By: - Date published: 9:30 am, May 31st, 2013 - 34 comments

Yesterday in Question Time, Green MP Holly Walker challenged to government’s  anti-democratic rush to enable the government to over-ride local councils on housing.  Today Russel Norman challenges the Key government’s anti-democratic processes. This weekend there is a democratic Green Party conference.

Hand Mirror on can’t feed don’t breed

Written By: - Date published: 3:04 pm, May 30th, 2013 - 35 comments

Go check out a good post from Julie at The Hand Mirror – “A response to the Can’t Feed Don’t Breed Brigade”.

Images of our time: ‘shock’ capitalism

Written By: - Date published: 11:03 am, May 30th, 2013 - 87 comments

As Naomi Klein said in the Shock Doctrine documentary, disorienting natural and economic shocks result in the wealth being shifted from “public hands” to the wealthiest.  The wealth gap, and extent of poverty in NZ is increasingly & devastatingly marginalising good Kiwis.  Meanwhile, Peter Jackson is flying high.

The Battle of Auckland

Written By: - Date published: 9:47 pm, May 29th, 2013 - 8 comments

“The Auckland that never was” in my view is the most interesting chapter in Chris Trotter’s “NO LEFT TURN”. It details the Ministry of Works’ post-war plan  outlined in a document The Shape of Things to Come that was scrapped by the Sid Holland National party. Now we see history repeating itself. In what Labour accurately describes as a “War on Auckland” Key, Joyce and Brownlie are following in the footsteps of the much unloved Sid Holland.

Shocking the people into submission

Written By: - Date published: 10:10 am, May 29th, 2013 - 24 comments

Last night The Shock Doctrine (2009) aired on Maori TV.  John Key, and his cheerleaders have followed their latest series of shock-inducing attacks on democratic processes and (low income) people’s rights, with positive forecasts for our future. Meanwhile, the gap between the haves & have-nots has grown.

Better than nothing

Written By: - Date published: 12:44 pm, May 28th, 2013 - 156 comments

The government’s expansion of the KickStart breakfast programme is better than nothing – but that’s about all you can say about it.

Priorities: $9.5 Million over 5 years to feed hungry kids – but in 2012 just 4 private schools got $10.9 Million.

Priorities

Written By: - Date published: 9:05 am, May 28th, 2013 - 19 comments

Which is larger?

  • The $2b in tax cuts National gave the rich?
  • The$100m that National has spent on asset sales so far?
  • The $50m that National has lost small corporate ‘mum and dad’ investors in Mighty River so far?
  • The $40m in taxpayer funding that National is giving private schools?
  • Or what National can scrabble together for a half-hearted school breakfasts programme?

Answer to be revealed. Update: $9.5 Million.

The wheels are falling off

Written By: - Date published: 8:32 am, May 28th, 2013 - 60 comments

The Nats have tried to do too much too soon, and now the wheels are obviously falling off their sad “flagship” privatisation programme.

Note to John Key and David Shearer

Written By: - Date published: 7:29 am, May 28th, 2013 - 89 comments

John Key and David Shearer have made similar (inaccurate) statements about who has  ultimate responsibility for feeding the kids.