Posts on the economy, work, business, income, and labour
Written By: - Date published: 9:25 am, February 7th, 2013 - 109 comments
Another day, another company that couldn’t make it in National’s stagnant economy. But this company, Mainzeal, is a particularly significant case, our third largest construction company. There will be significant flow on effects to other parts of the sector.
Written By: - Date published: 9:05 am, February 6th, 2013 - 172 comments
National’s constant beneficiary bashing has borne predictable fruit – beneficiaries are now perceived as the most discriminated against group in the country.
Written By: - Date published: 11:12 am, February 3rd, 2013 - 5 comments
My regular Sunday piece of interesting, longer, deeper stories I found during the week. It’s also a chance for you to share what you found this week too. Those stimulating links you wanted to share, but just didn’t fit in anywhere. This week: Economics, inequality, privacy-destroying drones and citizen responsibilities.
Written By: - Date published: 9:16 am, February 2nd, 2013 - 151 comments
Oamaru lost 192 jobs on Thursday as Summit Wool Spinners closed its doors. The knock-down effect could claim hundreds more. Events like this can cripple a small town and consign the workers to long-term unemployment. Now, the Greens have revealed that long-term unemployment has quadrupled with John Key at the helm.
Written By: - Date published: 8:08 am, February 2nd, 2013 - 7 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, the Children’s Social Health Monitor 2012 Update Report, and will the Maori Party act on their words?
Written By: - Date published: 10:21 am, February 1st, 2013 - 23 comments
Granny Herald: “Some policies aimed at quenching what politicians perceive to be a public appetite for fairness are recycled regularly even when they have been shown to be deeply flawed.” Discuss…
Written By: - Date published: 9:18 am, February 1st, 2013 - 78 comments
While National continues to deny there’s a manufacturing crisis and the main opposition wastes its time plotting clever procedural tricks the high dollar claims another 200 Kiwi jobs – this time as Summit Woolspinners closes in Oamaru.
Written By: - Date published: 1:27 pm, January 31st, 2013 - 14 comments
Inflation is still below the Reserve Bank’s target band of 1-3%. It says: “ This mainly reflects the impact of the overvalued New Zealand dollar.” The high and overvalued dollar keeps import prices down , but kills exporters who must provide for our economy’s future. The Reserve Bank’s obsession with the very different problems of the 1980’s means that as a country we are eating our seed corn.
Written By: - Date published: 9:02 am, January 31st, 2013 - 47 comments
David Parker has drawn attention to a steadily growing $1 Billion hole in projected tax income. That gap, and the stalled economy which underlies the problem, are not going to be fixed by John Key acting like an angry chimp in parliament, flinging insults out of his cage.
Written By: - Date published: 7:01 am, January 31st, 2013 - 75 comments
National is failing to resolve the lack of jobs as they provide a 14-year high in unemployment – even after exporting 180,000 Kiwis to Australia. If we add them in the unemployment rate doubles to 13.8%. More than 40,000 of those job losses have been in manufacturing. Research says that manufacturing jobs have a multiplier of 2.9, that means about 80,000 other indirect job losses. Combined that’s 2/3rds of our unemployment rate, just by getting back to where we were when National took office.
Written By: - Date published: 12:05 pm, January 30th, 2013 - 54 comments
Debates on the PM’s statement to the House show that this do-nothing government needs to go. Plenty of good ideas from opposition MPs. An excellent speech by Genter against Joyce’s ‘Roads of Madness’ & for public transport.
Written By: - Date published: 9:30 am, January 30th, 2013 - 9 comments
More work in prisons, fewer mail deliveries, fewer WoF checks. I won’t say these are bad policies – done right there’s some merits. But I will point out this: 2,000 job losses from fewer WoF checks, up to 3,000 jobs gone with three day a week delivery, and the very real risk of prison labour displacing free workers. So much for a relentless focus on jobs.
Written By: - Date published: 9:08 am, January 30th, 2013 - 14 comments
Because the EPMU put it so well – here’s the summary of their submission to the Manufacturing Inquiry.
Written By: - Date published: 7:35 am, January 30th, 2013 - 164 comments
Despair. That’s what I felt, watching Key’s speech yesterday. Others said he was boring. Some complained of his screeching. I just felt despair. This guy is running the country. Our country. And he has nothing. Nothing for us. Nothing for you. Nothing for me. Nothing for the people we care about. Some spoils of conquest for his mates. But nothing for New Zealand.
Written By: - Date published: 3:27 pm, January 29th, 2013 - 87 comments
Reprinted with permission, from Dave Kennedy (bsprout) at Local Bodies.
Written By: - Date published: 12:41 pm, January 29th, 2013 - 42 comments
The Greens, I’m in for the Future, is a promising initiative. The Greens’ focus on Auckland transport will be a great start. To end the “neoliberal” dominance, it is necessary to apply pressure from below. What can we learn from Canadian anti-“neoliberal” groups like Common Causes & Idle No More? [Updated]
Written By: - Date published: 8:53 am, January 29th, 2013 - 48 comments
Some people who don’t really understand economics think it’s all about confidence – if business would be more confident, they would then invest more and hire more people. In truth, confidence is merely an indicator that the fundamentals for growth are right. So, when Joyce accuses manufacturing bosses of ‘talking down’ the economy, he’s missing the point. Probably intentionally.
Written By: - Date published: 7:15 pm, January 28th, 2013 - 52 comments
Steven Joyce is about to severely tarnish his Mr Fixit reputation by making the wrong decision about Novopay.
Written By: - Date published: 11:34 am, January 27th, 2013 - 13 comments
My regular Sunday piece of interesting, longer, deeper stories I found during the week. It’s also a chance for you to share what you found this week too. Those stimulating links you wanted to share, but just didn’t fit in anywhere. This week: girls dying in recession, forgotten wars, and the spin of the Right.
Written By: - Date published: 10:39 am, January 27th, 2013 - 181 comments
I wondered why the Herald had given a column to a barely literate liquidator, until now. They say sunlight is the best disinfectant, and running Damien Grant’s hateful, self-centred pieces exposes the ugliness at the heart of the neoliberal capitalist class. The titles alone are enough: ‘I’d rather a better phone than feed a hungry child’, ‘Life as the top capitalist in capitalism the only life worth having’.
Written By: - Date published: 8:21 am, January 27th, 2013 - 109 comments
For once lately, I agree with Matt McCarten on the Green Party being Centre Stage this week: a housing policy for renters and buyers on low incomes, including state housing. Memorable speech at Ratana by Turei. Today: Picnic for the Planet, State of the Planet speech & the launch of a new “I’m in – for the future” initiative.
Written By: - Date published: 8:30 am, January 25th, 2013 - 23 comments
Mana Party president, Annette Sykes could become an MP in the next election. The future of the Maori Party is in doubt. Hone Harawira is considering a Mana-Maori Party merger. Sykes is committed to left wing values, social justice, Maori land & water rights, and social & economic justice for Maori.
Written By: - Date published: 11:16 am, January 24th, 2013 - 8 comments
“I’d love to see wages drop”. Remember when John Key said that? Well now our glorious PM is getting all excited about how we can attract investment with our low wages and lack of employment protections.
Written By: - Date published: 9:28 am, January 24th, 2013 - 35 comments
So John Key says Hollywood likes New Zealand because of weak unions, low fringe benefit costs and the ‘flexible labour market’.
In other words they can get their wage slaves to work longer for less with fewer complaints.
Written By: - Date published: 4:21 pm, January 23rd, 2013 - 90 comments
Bill English’s priority in 2013 will be to “bed in” welfare reforms. Because that’s where the big fiscal savings lie. He’s hoping to cut 44,000 beneficiaries and save $1.6 billion by 2016-17. Which would be fantastic if this was a jobs government focussed on employment growth and those 44,000 were going into decent paying jobs. […]
Written By: - Date published: 10:52 am, January 23rd, 2013 - 27 comments
Danyl at Dimpost has discovered that National is so serious about (enhancing) the drain of jobs and Kiwis to Australia that they’ve actually outsourced the Government Jobs website (http://jobs.govt.nz/) to… Australia. While I love irony, surely this says everything about National’s actually commitment to the people of our country.
Written By: - Date published: 9:18 am, January 23rd, 2013 - 51 comments
According to an international credit reporting agency our economic “risk profile” is “deteriorating”, due in part to rising unemployment. Good work National.
Written By: - Date published: 11:56 am, January 22nd, 2013 - 52 comments
MSM “impartiality” focuses on two sides of a very narrow and shifting “centre”. Parliamentary Labour parties have got locked into appealing to this centre, over time shifting the caucus rightwards. Only momentum from the flax roots can break the resulting steady rightwards shift.
Written By: - Date published: 8:19 am, January 21st, 2013 - 76 comments
News from Australia reports an increase in numbers turning to sex work following cuts to welfare benefits. Here in NZ as a similar cost-saving measure we have benefit purges underway – at a time of rising unemployment…
Written By: - Date published: 9:05 am, January 20th, 2013 - 43 comments
The World Bank has recently issued a report saying NZ needs to focus more on being friendly to multinational corporations. Matt McCarten argues that some multinationals are bad for our health. And sugary food and drinks are rotting Kiwi children’s teeth.
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