The Standard

Economy

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

Categories under Economy

How austerity is destroying Britain… coming soon near you

Written By: - Date published: 9:23 am, April 1st, 2013 - 79 comments

A raft of Tory policies have been dismantling the British welfare state: bedroom tax, privatising the NHS: NZ’s NAct government is following the same pattern of slyly changing small things, adding up to major changes that are ultimately socially & economically destructive.

Pokies and corruption?

Written By: - Date published: 10:15 am, March 31st, 2013 - 61 comments

Significant International Affairs files, relating to dodgy Pokies’ trusts, going missing, SkyCity convention centre deals made through flawed government processes. No corruption in NZ, just governance through sloppy processes? Cui bono?

The Sexing of Politics

Written By: - Date published: 7:00 pm, March 30th, 2013 - 59 comments

Today, Fran O’Sullivan  argues that Key has lost his edge & his ministers are using dubious tactics in dealing with Rio Tinto over Tiwai Point. O’Sulllivan implies that sharp, savvy and successful deal-making & leadership are masculine qualities.

Poverty Watch 25

Written By: - Date published: 8:00 am, March 30th, 2013 - 13 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 continue with the 2012 report from the Office of the Children’s Comissioner, and note the Mana Party’s call for support for their Feed the Kids Bill.

Tax cuts – because it worked so well last time

Written By: - Date published: 8:47 am, March 29th, 2013 - 190 comments

The ideological loonies advising the government want us to go even further down the stupid and damaging path of income tax cuts. Surely even the Nats have too much sense to listen this time.

Worst. Negotiators. Ever.

Written By: - Date published: 6:46 am, March 29th, 2013 - 240 comments

First they got down on their knees for a massive American movie studio and negotiated away oodles of taxpayer dollars and our employment law for movies that were always going to be made in New Zealand…

The wage gap and the productivity lie

Written By: - Date published: 11:42 am, March 28th, 2013 - 23 comments

New figures show that the wage gap with Australia is still increasing. National has nothing to offer but useless policies and excuses, while the captains of industry trot out the old productivity lie again.

Surplus power and asset sales

Written By: - Date published: 10:03 am, March 28th, 2013 - 55 comments

Apparently Meridian Energy are saying that there is unlikely to be a renewal of the Tiwai Point power contract. This would massively disrupt the value of sales of shares in state owned power companies by this government. However news is being released just before Meridian appears before a select committee.  So I’m anticipating that it is a chicken little play to scare this weak-kneed government into an emergency wastage of taxpayers dollars – just like the Peter Jackson inspired Hobbit extortion.

Lecture: Why Aristotle would own a surfboard

Written By: - Date published: 12:25 pm, March 27th, 2013 - 4 comments

Professor Christoph Schumacher will look at the question “Should we be aiming for continual economic growth within a finite environment?”

Date: Wednesday March 27, 2013
Time: 6.00-7.30pm (Lecture commences at 6.30pm)
Venue: Sir Neil Waters Lecture Theatres, Albany campus, Massey University

Real social security; real jobs – not bennie bashing

Written By: - Date published: 10:41 am, March 27th, 2013 - 55 comments

Opposition MPs (e.g. Ardern & Mathers) and Sue Bradford highlight that the Social Security (Benefit Categories and Work Focus) Amendment Bill destroys lives, furthers NAct’s elitist agenda, & is more propaganda than social security or job creation.

Spinning the job market

Written By: - Date published: 9:43 am, March 27th, 2013 - 11 comments

Audrey Young and Simon Collins should get danger money for spinning this hard on jobs. But at least they’re trying, the best that Key can manage is some waffle about a “fluid market”…

When Paula Bennett is positive about a group of beneficiaries, be suspicious

Written By: - Date published: 7:00 pm, March 26th, 2013 - 47 comments

Paula Bennett has found one group of beneficiaries who she doesn’t think are bludging scum!  Surely this is a feelgood story, and not a workaround tactic to bash other beneficiaries, right?  Bueller?

Changing minds; changing lives

Written By: - Date published: 11:10 am, March 26th, 2013 - 14 comments

The Green Party held a public meeting in West Auckland, on their Home for Life, Affordable Housing policy – it prioritises children in poverty. It was informative, questions were raised.  Mindsets need to change to achieve a good quality of life & strong communities for all.

What would I be prepared to die (or worse) for?

Written By: - Date published: 10:21 am, March 26th, 2013 - 64 comments

I am at the Governing Body meeting of the International Labour Organisation in Geneva. The GB is the tripartite executive that governs the place. There are 33 union representatives on the GB and a fair few of them live in very dangerous circumstances because of their union activities in their home countries. Those we sit, eat and plan with may be arrested, jailed, tortured or killed when they get home.

The Cyprus solution

Written By: - Date published: 9:48 am, March 26th, 2013 - 48 comments

The financial crisis in Cyprus has taken an unusual turn, and for a change it is the rich who will be left with the bill.

Key loses 30,000 jobs in a single year

Written By: - Date published: 6:59 am, March 26th, 2013 - 148 comments

Key reacts to criticism of his appalling jobs record: “Throw criticism if you see things that we are not doing, but in terms of trying to stimulate jobs we’ve done a lot of things on that front. We’ve done everything from 90 day probation periods, to starting out wages.” That’s his solution? Cut wages and work rights? Meanwhile, a government department is firing people today.

Pacific Renewables

Written By: - Date published: 10:30 am, March 25th, 2013 - 21 comments

There is a summit on renewable energy in the Pacific happening in Auckland.  McCully acknowledges climate change, the PM focuses on investment opportunities, the EU hopes for clean energy to aid poverty reduction. What’s best for Pacific island communities?

Benefit reforms trigger surge in DPB births?

Written By: - Date published: 9:58 am, March 25th, 2013 - 120 comments

National, the party of beneficiary bashing that has lead a crusade against parents on the DBP, appears to have triggered a surge of new births to DPB parents.

NRT – National: Restoring discrimination

Written By: - Date published: 1:57 pm, March 23rd, 2013 - 7 comments

I/S at No Right Turn on youth rates…

Poverty Watch 24

Written By: - Date published: 7:54 am, March 23rd, 2013 - 28 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 start on the 2012 report from the Office of the Children’s Comissioner. NZ is a signatory to UN conventions that give children the right to adequate resources…

All that glitters

Written By: - Date published: 11:38 am, March 22nd, 2013 - 89 comments

2.5% GDP growth last year. The Right’s jumping out of their skin at finally achieving the long-run average growth rate. But even on their good days, they’re doing it wrong: “The “consumer-centric” mix of growth was understandable, with low interest rates stimulating the housing market while a high dollar throttled exports, but it was the exact opposite of what was required”

Cunliffe off to a flyer in revenue

Written By: - Date published: 9:07 am, March 22nd, 2013 - 150 comments

When life gives you lemons, make lemonade. The revenue portfolio looked like a big step down for Cunliffe but already he’s made a mark as the parliamentary voice of a business/union coalition against Dunne’s stealth taxes. The result: humiliating backdowns for Dunne, a stain that may threaten his hold on Ohariu, and Cunliffe and Labour on the side of the winners.

What a surprise

Written By: - Date published: 1:19 pm, March 21st, 2013 - 12 comments

Government MPs vote down a request for an enquiry into Solid Energy.

Who was then the gentleman?

Written By: - Date published: 12:24 pm, March 21st, 2013 - 36 comments

When Adam delved and Eve span, Who was then the gentleman? From the beginning all men by nature were created alike, and our bondage or servitude came in by the unjust oppression of naughty men. And therefore I exhort you to consider that now the time is come in which ye may (if ye will) cast off the yoke of bondage, and recover liberty.

One day older and deeper in debt

Written By: - Date published: 7:15 am, March 21st, 2013 - 105 comments

There’s this almost puritan kind of myth that we’ve got so much international debt as punishment for our spendthrift ways. We ‘live beyond our means’, apparently. But it’s not true. If ‘our means’ is the money we make in exports, then most of the time, they exceed what we spend on imports. Yet, we run a $10 billion deficit as a country. Why? Because of the profit outflow.

The failures of visual special effects

Written By: - Date published: 11:30 am, March 20th, 2013 - 46 comments

I “attended” a fascinating “town hall” meeting last week of artists from around the world in the Visual Special Effects sector. Ignited by the failure of the company Rhythm and Hues (despite recently completing most of the special effects for the film The Life of Pi and winning award recognition for the work), these workers […]

Punitive, anti-beneficiary Bill- opposition needed!

Written By: - Date published: 10:28 am, March 20th, 2013 - 48 comments

The Social Security (Benefit Categories and Work Focus) Amendment Bill second reading is first up on the provisional order paper for today. It is a further step in Paula Bennett & NAct’s vicious, punitive, bennie-bashing campaign. MPs are urged to vote against it!

Dumping on Dunne’s taxes

Written By: - Date published: 9:48 am, March 20th, 2013 - 13 comments

The Nats are in trouble with their budget deficits and looking to raise money via increased taxes. But they are tinkering at the edges of the problem, and were quick to chuck Peter Dunne under the bus when the latest proposals didn’t fly.

Selling out our education

Written By: - Date published: 1:54 pm, March 19th, 2013 - 35 comments

Profit-driven private sector cowboys are damaging the reputation of our education system. Naturally, National wants to make matters worse by subsidising foreign owners of profit-driven charter schools. Brilliant.

News media: shifting ground

Written By: - Date published: 12:44 pm, March 19th, 2013 - 13 comments

The withdrawal of News Corp from SkyNZ, & the new deal on press regulation in the UK are part of various shifts: from media moguls to financial investors, rise of the internet, & the balance between corporate media and politicians – not a fourth estate revival. [Update: tweeters/bloggers excluded]

NRT: Insanity

Written By: - Date published: 10:18 am, March 19th, 2013 - 7 comments

I/S at No Right Turn on the insanity of scrapping the home insulation programme.