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Economy

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

Categories under Economy

John Key, the jobs fairy

Written By: - Date published: 9:05 am, June 5th, 2012 - 46 comments

Remember when John Key promised 4,000 new jobs from the cycleway and, in fact, a few hundred, short-term, part-time positions were created? Remember when John Key promised 170,000 new jobs and unemployment went up instead? Looks like Key’s being making it up on the pokies-for-convention centre deal too, which would create only a fraction of the jobs promised.

Sunday reading

Written By: - Date published: 10:39 am, June 3rd, 2012 - 12 comments

Last week I put up some Sunday reading – longer, thoughtful pieces I’d found.  I liked that other people also put up their links, with some very interesting topics.  So I thought I might make it a regular feature.  I’d put up a couple of interesting things that I’d come across in the week, and other people could share their links.

The politics of reproduction

Written By: - Date published: 9:59 am, June 3rd, 2012 - 236 comments

The Nats have a thoroughly unhealthy obsession with the politics of reproduction. They’re talking about “stopping ‘unfit’ parents reproducing”, but Paula Bennet let slip the real agenda months ago.

Protest in the smartphone age

Written By: - Date published: 1:34 pm, June 2nd, 2012 - 31 comments

There’s a lot of analogy between how a guerrilla movement succeeds against a superpower or a state in the era of mass communication and how protest movements can do the same. Unable to win head-on, losing becomes winning as long as the cameras are rolling. It’s about being seen as having a legitimate cause and just as importantly being seen as the victims of disproportionate force and abuse of power.

Class sizes don’t matter?

Written By: - Date published: 8:06 am, June 2nd, 2012 - 44 comments

Retail Deposit Guarantee: When’s the enquiry?

Written By: - Date published: 7:46 am, June 1st, 2012 - 14 comments

Labour are pushing for an enquiry into how Treasury oversight of the Retail Deposit Guarantee Scheme was so poor that it has cost us hundreds of millions of dollars. Bill English can’t be allowed to hide this under the plus Treasury carpet, so his lack of oversight of Treasury isn’t shown up.

Another shaming poverty report for the government to ignore

Written By: - Date published: 12:07 pm, May 31st, 2012 - 51 comments

Here’s a prediction for you – the Nats will ignore this report too. They’re not particularly interested in the issue of kids in poverty.

Great (Tom) Scott!

Written By: - Date published: 10:10 am, May 31st, 2012 - 15 comments

Key’s future gets shorter

Written By: - Date published: 7:03 am, May 31st, 2012 - 60 comments

Budgets allocate money not just for 1 year, but for the next 4. When National says its putting $511m into education, that’s actually $128m a year over 4 years (less than inflation). So, it stands out like a sore thumb that National has promised to limit teacher loses at 2 per school for only 3 years. After that? Seems like Key doesn’t expect it’ll be his problem.

National’s war on the deficit – 2015

Written By: - Date published: 1:38 pm, May 30th, 2012 - 7 comments

Nats pay for booze for the elite, cut home insulation for families

Written By: - Date published: 11:15 am, May 30th, 2012 - 33 comments

National blew the VIP entertainment budget for the Rugby World Cup by $5 million, despite none of the promised big names actually turning up. They got the extra dosh out of Mfat’s budget. In unrelated news, the government is cutting the Greens’ Warm Up New Zealand programme, which has returned four times its costs in benefits. There’s no money, you see.

Larger classes only for the peasants

Written By: - Date published: 7:01 am, May 30th, 2012 - 34 comments

So, half the Cabinet sends their kids to private schools. Those schools – which National has upped the taxpayers subsidies for – boast of small class sizes. Kings, where Key sends his kid, says: “Class sizes are limited and our policy of a low pupil-to-teacher ratio ensures students are given greater individual attention in the classroom”. Guess larger classes are only good for the peasants’ kids.

Who’s National looking out for?

Written By: - Date published: 7:22 am, May 29th, 2012 - 45 comments

We’re told that these are tough times and we all have to share in the pain. Yeah, right. National dug this hole with $2 billion in ‘fiscally neutral’ tax cuts, billions in subsidies to polluters, and white elephant motorways that aren’t worth what they cost. And who’s being made to bear the cost? The rich are doing well, while the poor and middle class go backwards.

Curing Tobacco

Written By: - Date published: 11:10 am, May 28th, 2012 - 125 comments

So tobacco is a ridiculously addictive drug that offers no accompanying high for the user. It has pretty dire health consequences and was promoted for years as harmless, chic and sophisticated and the government even gave it away to combatants during WWII by the carton load.

But now the government wants it gone.

Picking winners

Written By: - Date published: 10:11 am, May 28th, 2012 - 10 comments

National’s got this love affair with ‘outcomes, not outputs’. Means funding teachers and community groups on the achievements of their students or clients, not the number they have. You don’t have to have seen The Wire to know the results. Schools and community groups will pick winners, only those who can achieve easily, to protect their funding.

Spin update

Written By: - Date published: 7:52 am, May 28th, 2012 - 20 comments

Just as a quick update on my pre-budget Spin v reality about a Government that has the worst growth record of any since before Michael Joseph Savage, and has a 52% increase in unemployment despite more than 1,000 NZers leaving for Australia each week.

Sunday reading

Written By: - Date published: 12:48 pm, May 27th, 2012 - 8 comments

A couple of good BBC articles: what have the Romans done for us? and can we have a society that doesn’t depend on us becoming ill with our fatness? And Kim Hill’s excellent interviewee Steve Keen.

Asset sales: still bad

Written By: - Date published: 8:33 am, May 27th, 2012 - 16 comments

Adding to the canon of reasons and commentators on why you don’t sell your assets (particularly to pay for your maintenance) is an excellent article on The Guardian. It is an article exhorting the countries of the Arab Spring to resist Western countries pressure to implement neo-liberal economics in the name of ‘freedom’. It cites […]

Govt banks on winning lottery

Written By: - Date published: 8:32 am, May 26th, 2012 - 47 comments

National don’t have faith in Kiwis, or our skills and education, our Kiwi ingenuity. Nope, they think the only way to wealth is farming – which can’t be expanded, tourism – which provides low value jobs, and resource exploitation – of oil, gas and minerals unfound. They’re banking on us hitting the jackpot, because they can’t think of any real way of providing a future for our country.

Christchurch – economic hindrance?

Written By: - Date published: 2:15 pm, May 25th, 2012 - 16 comments

The Government have been pushing a line that Christchurch is holding us back as an economy.  The poor people of Christchurch are to blame for all our woes apparently, with their earthquake.  We shouldn’t blame National, just Cantabrians.

But it’s not true.

Stockholm syndrome

Written By: - Date published: 9:52 am, May 25th, 2012 - 22 comments

With enough conditioning, our psyches will adapt to believe almost anything. Like that pain is good.

Go nowhere budget

Written By: - Date published: 4:20 pm, May 24th, 2012 - 48 comments

As expected Bill English has served up a budget with no greater focus than reducing a government deficit that really doesn’t matter much at all.

Of course he’s doing this at the expense of a whole lot of things that do matter – our kids’ education, our families’ health, our retirements.

Fail Budget

Written By: - Date published: 2:09 pm, May 24th, 2012 - 106 comments

Budget reaction here. Seems the Nats’ preferred budget tag line is ‘Investing in the future’. Should have called it ‘Waiting for Godot’. Here’s a quick summary: Zero = Fail.

Update: Nats planning to tax kids’ after school jobs. No, not joking.

Pre-budget reading

Written By: - Date published: 7:09 am, May 24th, 2012 - 3 comments

An excellent column from Bryan Gould, and a picture of working families in financial distress. Something to ponder, as we await the zero budget.

RWC Tickets

Written By: - Date published: 8:40 pm, May 23rd, 2012 - 32 comments

So Key is ‘surprised’ that David Shearer, the local member for Eden Park, accepted tickets to a local game, and doesn’t feel beholden to corporate interests?  He can accept hospitality and still criticise a company is somehow shocking?  I think this tells us more about John, than it surprises the rest of us about David…

Stealth taxes

Written By: - Date published: 4:34 pm, May 23rd, 2012 - 8 comments

Bill English has introduced a number of stealth taxes over his time in office, to partly balance the loss his tax cuts for the rich has generated. The latest in this budget will be prescription costs and raising the price of Early Childhood Education (again).  We’ll have to wait until tomorrow to find out if […]

A living wage

Written By: - Date published: 10:34 am, May 23rd, 2012 - 17 comments

The Service and Food Workers Union is launching a campaign for a living wage at 12 o’clock today.

[Update: Campaign site]

Half way there

Written By: - Date published: 8:20 am, May 23rd, 2012 - 22 comments

It’s great that foreign fishing vessels in New Zealand waters will now be required to be flagged here and, in theory, will be subject to New Zealand law. But I reckon that abuses of those crews is only half the problem. The other problem is that we have Kiwi quota owners, in particular iwi, employing foreign fishers while quarter of a million of our people are jobless.

Failure to deliver

Written By: - Date published: 7:11 am, May 23rd, 2012 - 15 comments

National has undershot every one of its growth promises. I bet that doesn’t stop them promising big tomorrow.

David Parker’s Greece-proof paper

Written By: - Date published: 5:05 pm, May 22nd, 2012 - 30 comments

Don’t blame Greece: if you change nothing, nothing changes. National’s problems are their own to solve, but they don’t have the guts to look at the big problems in New Zealand’s economy. 0.6% growth in total over the last 3 years – less than population. But National only tinkers and distracts, as our brightest and best head to Aussie.

A good move

Written By: - Date published: 3:40 pm, May 22nd, 2012 - 16 comments

The government has correctly bowed to pressure and banned foreign-flagged fishing boats from operating in our waters.
We don’t have too many posts praising this government, and to have 2 today may surprise some. But credit where it’s due.