Posts on the economy, work, business, income, and labour
“The truth is, the world cannot be made perfect” says Deborah Hill Cone, arrogantly dismissing the Occupy movement. And she may be right. But that does not mean we are living in the best of all possible worlds and that the injustices and imperfections of our world are things we just have to accept. Rijab takes her on.
National’s new online ad campaign shows a roadworker with a stop sign, supposedly representing Labour (he has a red hat and red swandry so you get the point) and another roadworker with a go sign meant to represent National (although his sign is green … searching for a support partner?). It’s pretty bare-faced cheek from the party with the worst economic record in this country’s history.
In response to tough economic times, Government austerity programmes do more harm than good. It’s a pretty simple equation based on the debt / GDP ratio. With an election coming up soon, NZ needs to look for economic competence and a willingness to try new ideas, rather than muddling along deeper into the austerity death trap.
You won’t find much praise for Talley’s on this site. But, fair dues, they harvest their fish with Kiwi crews and have this to say on slave fishing: “If it is uneconomic to harvest a New Zealand resource under New Zealand labour conditions and costs then it is not a resource. Blood diamonds and Asian textile sweatshops use the same justification”
David Cameron has cancelled his planned trip to Japan and New Zealand. He is facing a backbench revolt over European Union membership at the same time as he is trying to intervene in the crucial financial summit trying to sort out problems in the Euro zone on Wednesday. Oh well, one less photo op for John Key – perhaps its just as well as Britain’s future isn’t getting brighter.
On this Labour Day it is good to see that the Labour Party is staying true to its roots, and is out there working for a labour policy to lift the wages and conditions of the workers of New Zealand.
A second message is emerging from the Occupation movement: “One citizen. One dollar. One vote.”
Bill English: “a change in the credit ratings could push interest rates up … about 0.1 percent.”
Nek minnit: Since the double downgrade, interest rates on new government bonds have risen by 0.2 per cent for bonds maturing in 2015 and 0.4 per cent for bonds maturing in 2023 … this will cost $100 to $150 million extra per year.
Signs of the Occupation 1 – Everything is OK.
A good interview from Andrew Little on the Nat’s failed attempt to smear him over facebook comments. Nice comments about David Farrar and strong support for the occupy movement. Good to see.
By the way, is it just me or is National’s obsession with opposition social media starting to look less like straight research and more like creepy stalking?
A very thoughtful piece from Simon Collins in today’s Herald: “Deep divisions over $1000 for a Rugby World Cup game as poverty grows”.
This family budget is in terrible shape. I can’t see any way out, can you?
It’s disappointing to see the Dom joining with the Right’s mouthpieces in attacking Labour’s work and wages policy. The editorial says of course “something” must be done about low and inequitable wages but opposes introducing a system modeled on the one that delivers high wages in Australia. Meanwhile bosses are putting the screws on to cut workers’ pay.
The Occupation movement has bankers worried. So far, however, the protests have been peaceful. In fact, the Occupation is quickly shaping up as the biggest ever, world wide test of the efficacy of non-violent protest.
National are seen by many as the party of business, and thus the party of the economy, who know what’s best for the country’s wallet. But the statistics don’t add up. Their reputation is undeserved.
St. Augustine said “Lord, give me chastity, but not yet”. Was reminded of that reading the Tories’ reaction to Labour’s work and wages policy. Tories say they want you to have higher wages. But not yet. It’s always later. Once you’ve earned it. In the ‘brighter future’. And they’ll scream blue murder any time you demand what you deserve today.
Amidst growing evidence of yet another broken 2008 election promise, John Key has nothing to offer except tired excuses and attacks on the poor.
“We need more cheap foreign fishermen” says the slave fishing lobby group. They say that it’s just like Fisher & Paykel moving their production offshore for cheaper labour. Well, tell you want, slave-fishers, how about you fuck off to China and we’ll stay here and fish our fish ourselves without breaking labour and environment laws? NoRightTurn takes up the story.
update: Labour’s policy is here. Looks good. $15 minimum wage. Mondayisation of holidays. Industry standards to stop bad employers undercutting ones that pay fair wages. Good for workers. Good for good bosses. It’s a lot like the system the Aussies have. You know, the people whose wages we’re meant to be catching up with. The Tories are whinging. Like they do whenever anyone fights for higher wages
Word around the traps is Labour is working on a significant new wage policy. Good – like nearly every other deregulated market the labour market has been failing Kiwis for more than twenty years. It’s time to bring some balance back into the system. Let’s just hope Labour has the guts to make a proper job of it.
Over at Wheelers corner in the Manwatu there is this rather classic post about a conversation overheard in a cafe. It really does stand on its own as a tombstone to a departing MP.
Will the protests around the world hit the brick wall of ingrained habits? Or will we manage to get over, around or beneath that particular barrier to progress?
By the time this post appears a showdown will have taken place in New York. Check out the morning media, there should be plenty of coverage of events as they unfold.
This press release from the CTU deserves wide discussion.
Key says an anonymous emailer told him that S&P said a Labour Government would make a downgrade more likely (more likely than ‘actually, already happened?’). S&P categorically denies saying any such thing. We can now reveal the identity of the anonymous emailer.
We’re witnessing, once again, the results of a government whose disaster management is focused on keeping blame off itself, rather than acting. It bears remarkable resemblance to their approach to economic management. National didn’t cause the natural and economic disasters it faces but its handling of them has inevitably made them worse.
Can we afford 3 more years of falling real wages under Key?
John Key’s economic credibility was shattered by the double downgrade. Now, his personal credibility has been lost after he claimed that Standard & Poor’s said a Labour government would lead to another downgrade. S&P could not have been more blunt: “At no stage have we said that a rating downgrade was more likely if there were a change of Government”.
The lies keep flowing as National desperately tries to limit the damage from the double downgrade. First, it was ‘doesn’t matter’ – Treasury says it does. Then, “hey, it’s just private debt” – the agencies’ reports say otherwise. Then it was just an international problem – less 1/4 of the OECD has been downgraded. Then, somehow, it was all Labour’s fault and would be worse under Labour – S&P says they’re lying on that too.
Who said this on the double downgrade: “We have this ongoing challenge of a negative investment balance – the profits and dividends that go back to the foreign owners of New Zealand assets. We need to generate the kind of savings that will help New Zealand buy back those assets. A good example would be the Z petrol stations that were bought off Shell (by The Cullen Fund and Infratil).”?
It’s scary ‘coz it’s true.
When John Key was elected to power in 2008, he was estimated to have a personal wealth of about 40-50 million dollars.
So how much is John Key worth now?
The median (‘typical’) Kiwi income has fallen 6% under National after inflation. It’s worse if you’re Maori – 16%. And if you’re PI? 21%. That’s more than a hundred dollars a week. It’s a disgrace. In fact, ordinary people’s incomes have shrunk faster than the economy under National. Their policies have driven more of what’s left to the rich.
Looks like the RWC isn’t going to be the economic stimulus that we hoped. We’re stuck in the doldrums, and (just like in England) the government’s austerity programme is exactly the wrong response.
National’s economic credibility was shot to pieces last week when Fitch and Standard & Poor’s gave them ‘not achieved’ marks. Less than a quarter of the OECD has been downgraded. New Zealand is one of them. The Nats won’t admit there’s a problem. When the statistics are laid in front of them, they say they’re wrong. In the Nats’ war with reality, we’re the victims.
The PM gets paid $400,000 a year. That’s $45 an hour whether he’s in Hawai’i, talking about his cat, or sleeping. His cleaner, Sosefina Masoe, gets $13.50 an hour. Key has rejected calls to lift the minimum wage for workers like her to $15 an hour. Instead, the Right’s attack dogs have been trained on Mascoe for daring to speak out.
