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Economy

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

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2012: “celebrity” PM – collective action

Written By: - Date published: 10:00 am, December 23rd, 2012 - 47 comments

Individualism & “celebrity” PM, John Key were still strong in 2012.  But, there was opposition from some (often local) groups working collaboratively:  Occupy, Glen Innes protesters, MUNZ, Asset Sales referendum, AAAP advocacy activism, manufacturing inquiry, NZLP democratisation, TS nest of vipers. And 2013?

John Key’s Summer

Written By: - Date published: 8:53 am, December 22nd, 2012 - 131 comments

While John Key spends the summer in Hawaii, he will need to make some decisions about the future of his cabinet.  Parata’s future is poised in the balance, and he is looking to move Tim Groser on later next year.

I wish it could be Xmas every day…

Written By: - Date published: 11:10 am, December 21st, 2012 - 27 comments

… then maybe more attention would be given to increasing numbers of people struggling to get the necessities of life. Record queues outside Auckland’s City Mission. The Brighter Future never comes. Revisit The Spirit Level.

Apocalypse Now

Written By: - Date published: 10:15 am, December 21st, 2012 - 56 comments

Humans have a paranoid fascination with our own demise, as seen in doomsday movies.  They portray our fears, hopes, politics and delusions.  Children of Men: the demise of capitalism; Day after Tomorrow: climate collapse.  Is today a Mayan prediction of the end or a new beginning?

Media Bias & Democracy I: truth to power

Written By: - Date published: 11:49 am, December 20th, 2012 - 37 comments

Democracy needs independent news media, acting in the public interest, to speak truth to power.  The commercial imperatives and neoliberal capture of corporate news organisations skew their political coverage, and contribute to voter disengagement. A perfect context for Key’s government to dismantle democracy: ECAN, CERA, Auckland Council, asset sales.

The beggared neighbour

Written By: - Date published: 9:37 am, December 20th, 2012 - 12 comments

Japan just elected a Liberal Democrat government promising more jobs through a huge quantitative easing programme. The US has stated it’ll continue QE until unemployment drops below 6.5%. The effect has been to send our dollar to new highs, killing exporters and import-exposed local businesses. Contrary to media belief, Japan and the US aren’t in worse positions than us.

If

Written By: - Date published: 9:04 am, December 20th, 2012 - 221 comments

If you and I were told that (variously) our sons and daughters, grandchildren, nieces and nephews were going to be killed tomorrow, would I be right to suspect that we might sit up and take notice?

Sacred cows

Written By: - Date published: 9:02 am, December 20th, 2012 - 38 comments

An anonymous editorial in The Herald yesterday suggested that the government raise revenue by cutting the “sacred cow” of interest free student loans.  For some strange reason the sacred cow of National’s tax cut bribe for the rich was not similarly offered up for sacrifice.  I wonder why that might be.

Turei: Green Party retrospective

Written By: - Date published: 11:26 am, December 19th, 2012 - 44 comments

Green Party co-leader, Metiria Turei, was confident and clear on TV3, talking about their consistent, disciplined & successful year &: the RONS tax, MP pay rise, government’s poor record, the economy, printing money, jobs, equality issues and child poverty.  Little on green issues. Zero on the climate.  [Update] Turei RNZ interviews.

Margin of error

Written By: - Date published: 10:09 am, December 19th, 2012 - 16 comments

So, National’s still on track to surplus in 2014/15, eh? A $66m surplus. Well, don’t be counting those chickens just yet. That projected surplus is just 0.07% of projected spending and revenue that year. That makes wafer thin look fat. And it’s not exactly like Treasury has a good record predicting 2.5 years ahead. But there’s a bigger question: is any surplus worth any price?

Nats’ 170,000 jobs evaporate

Written By: - Date published: 6:46 am, December 19th, 2012 - 33 comments

In Budget 2011, National made a big song and dance over the projection that ‘they’ would create 170,000 jobs in the next four years. Leaving aside the fact that they were counting jobs from the year before in their four year total, the promise basically rested on creating 57,000 jobs this year. So, what’s the latest update on that figure? … 0.

Well done

Written By: - Date published: 5:16 pm, December 18th, 2012 - 83 comments

This is one of a series of posts I hope to write over the summer based to some extent or other on a recent presentation by Kevin Anderson: Professor of Energy and Climate Change, University of Manchester, Tyndall Centre.

Making you pay for their folly

Written By: - Date published: 12:15 pm, December 18th, 2012 - 112 comments

Well it looks like the government has finally listened to all of the arguments about how unaffordable the Roads of National Significance are.

Their response? To tax you more to pay for their white elephant.

The spinmeister of Planet Key: Retrospective

Written By: - Date published: 10:07 am, December 18th, 2012 - 37 comments

On TV3 this morning, John Key was soothing and slick.  All is well on Planet Key, and critics are delusional.  He reeled of numbers and facts, but material realities of daily lives, and the suffering of people on low incomes aren’t mentioned. And asset sales?

Don’t blame MMP for Nat stupidity

Written By: - Date published: 9:32 am, December 18th, 2012 - 18 comments

Recent pieces by Bernard Hickey and John Armstrong both highlighted the problem of our aging population and the unsustainability of super – in Hickey’s memorable words we are “consuming our future”.  Armstrong tries to balme MMP, but that won’t wash, it’s just the usual short-sighted Nat stupidity…

Greens pony up for a second cable

Written By: - Date published: 6:52 am, December 18th, 2012 - 43 comments

Market failure is one of the marks of our time. From unaffordable, low-quality housing to child poverty to the over-valued dollar killing jobs to over-priced broadband and failed government IT procurements, the market keeps getting it wrong. The Greens and Labour know the answer is for the Government to step in; National just turns a blind eye. Russel Norman did it again yesterday.

What’s new? Shearer retrospective.

Written By: - Date published: 11:35 am, December 17th, 2012 - 124 comments

David Shearer was on TV 3 this morning, reflecting on his last year. He claimed that he and Labour are doing well under new and settled leadership, taking a new direction.  How accurate are his claims?

Port workers show how its done

Written By: - Date published: 8:07 am, December 17th, 2012 - 22 comments

You have to respect how the Ports of Auckland workers stood staunch in the face of the bosses’ attempt to contract out their jobs, without support from the ‘leftwing’ mayor and against an expensive PR effort. They’re still getting their own back. PoAL has just been fined for employing a strikebreaker. And, in Lyttelton, wharfies have started a smart new campaign.

Christmas gifts

Written By: - Date published: 10:19 pm, December 16th, 2012 - 14 comments

Looking for Christmas gift ideas?  There are plenty of ways to give a gift that will really make a difference.  Here’s a small selection.

Beyond the middleclasses

Written By: - Date published: 8:29 am, December 16th, 2012 - 82 comments

Political parties tend to target the middle-classes, while those struggling on low incomes have become increasingly disenfranchised.  The MSM tends to focus on the impact of the recession on the middle-classes, and not those really suffering. Who can provide support over the holiday period?

Poverty Watch 16

Written By: - Date published: 11:16 am, December 15th, 2012 - 14 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, two damning reports on child poverty, and the Nats refuse to act.

Hone in the House

Written By: - Date published: 7:30 am, December 15th, 2012 - 75 comments

Mana has established a clear identity, as shown in Hone’s adjournment speech.  Based in practice and activism. For all people, especially those on low incomes.  A voice for Maori, Pasifika people and children. The Maori Party’s future is in question. What’s the future for Mana and Hone?

2 storms and a rocket

Written By: - Date published: 10:30 am, December 14th, 2012 - 42 comments

With the GFC, changing climate and resource depletion, the struggles of the powerless get over-looked.  Asia-Pacific has been described as the focal point of a new cold war. Storms in Samoa and the Philippines, a rocket launch from North Korea. How should we respond?

Get your asset sales petitions in

Written By: - Date published: 9:40 am, December 14th, 2012 - 22 comments

If you’ve got any asset sales petitions hanging about, quickly send them in to the address on the bottom.  The Keep Our Assets coalition are shortly to send in the petition for the Electoral Commission to start verifying the 350,000-odd names they have.

Turia’s legacy

Written By: - Date published: 7:36 am, December 14th, 2012 - 34 comments

Tariana Turia’s on-again off-again retirement is on-again.  She will not be standing in 2014, and is looking to her “legacy”.  Unfortunately, Whanau Ora is profoundly flawed.  But if Turia wants a legacy to be proud of she still has time…

Bad news govt: it must be recess

Written By: - Date published: 1:50 pm, December 13th, 2012 - 11 comments

The House went into recess yesterday. Today there is a rush of stories that are bad news for the government.  Collins and the Binnie report, unsuccessful boot camps, and counter-productive anti-union and anti-worker policies.  What else?

A country to love: a country to fight for

Written By: - Date published: 10:07 am, December 13th, 2012 - 59 comments

Key’s government and his MSM cheerleaders, lead the country backwards to increasing inequalities. It’s been a year of the battle of the men.  Yesterday, Metiria spoke of an inclusive country to collaboratively fight for, and Jacinda Ardern spoke passionately for children in poverty.

A-G’s SkyCity report looming over Key

Written By: - Date published: 8:39 am, December 13th, 2012 - 16 comments

A typical Auditor-General report takes 3 months. “Larger and more complex” ones take 6. Metiria Turei’s complaint about the way SkyCity was chosen for an international convention centre in a ‘pokies-for-convention-centre’ deal has been going 8 months. Clearly, what they’ve found has non-trivial implications for the government and they’re making sure all their ‘t’s are crossed and ‘i’s dotted.

Bare your soles for child poverty

Written By: - Date published: 9:53 am, December 12th, 2012 - 27 comments

The Child Poverty Action Group has organised a rally on Parliament’s grounds today at 1pm, where the public, media and politicians are urged to “bare their soles for child poverty” .

Will the Maori Party make a stand for kids?

Written By: - Date published: 9:40 am, December 12th, 2012 - 14 comments

The Maori Party has publicly called on National to act on the child poverty report. Was this a token protest for form’s sake, or will the Maori Party actually make a stand for kids?

Judicial review of water ownership rejected

Written By: - Date published: 9:53 pm, December 11th, 2012 - 17 comments

A win for the Nats, a loss for the country. The Maori Council’s request for a judicial review of water rights has been rejected.