Posts on the economy, work, business, income, and labour
Written By: - Date published: 8:15 am, March 24th, 2012 - 42 comments
The government has introduced their welfare changes to parliament. In addition to making mums of 1 year-olds seek paid work in addition to raising children, it introduces private companies profiting from unemployment misery with welfare to work schemes. The UK has been trying this for a couple of years – let’s look at how that’s going…
Written By: - Date published: 12:54 pm, March 23rd, 2012 - 5 comments
The Herald editorial says many “saw a more efficient and more flexible port emerging from” contracting out at PoAL. This is an oft-spouted fundamental misunderstanding of what is happening. Contracting out would not reduce time or cost to move freight. It would just reduce the downtime the port pays for amounting to a simple transfer of wealth from wages to profits.
Written By: - Date published: 11:45 am, March 23rd, 2012 - 78 comments
Nick Smith’s handpicked chair of ACC, John Judge, denies that ACC leaked Bronwyn Pullar’s name to the media after she made public the biggest leak of private data in history from the organisation. So, who did? Given the government’s track-record – Bennett vs the solo mums, Brownlee publicising Dalziel’s redzone offer – I’m betting it was Judith Collins.
Written By: - Date published: 10:54 am, March 23rd, 2012 - 15 comments
Plenty of high-profile bad news headlines for the Nats. At least it takes the focus of the boring old economy.
Written By: - Date published: 9:15 am, March 23rd, 2012 - 15 comments
1,200 prison beds, 1 in 8, are empty plus the 1,300 bed reserve. Prisoner numbers are projected to keep falling. So, why are the Nats spending a billion dollars on the Wiri private prison? And where will they get the prisoners? By closing existing public prisons. Rather than upgrading what we have more cheaply they’ll let a foreign company make a profit off locking people up.
Written By: - Date published: 9:02 am, March 23rd, 2012 - 178 comments
The Port of Auckland’s refusal to let the stevedores return to work now that they have lifted their strike notice is a lock-out. There are specific legal requirements around strikes and lock-outs at ports and other essential services – notice must be given in writing and with 14 days’ notice. The Port’s lock-out is illegal. And it’s costing Auckland millions.
Written By: - Date published: 3:54 pm, March 22nd, 2012 - 4 comments
Scott at Imperator Fish has kindly given us permission to syndicate posts from his blog – the original of this post is here.
The demise of Nick Smith has been spectacular, but it is not an end to the ACC privacy story, and the story continues to develop by the hour.
Written By: - Date published: 8:02 am, March 22nd, 2012 - 167 comments
Despite the court making them return to the bargaining table, PoAL Chair Richard Pearson seems to fail to understand some basic principles of employment law.
His comments on morning report suggest he’s either ignorant of some basic legal issues or still has no regard for good faith bargaining.
I’d suggest that either case indicates there’s a need for the council to step in and put some responsible adults in charge of this company.
Written By: - Date published: 9:56 pm, March 21st, 2012 - 12 comments
It’s back to the bargaining table for Ports of Auckland and the Maritime Union. Redundancies are on hold. The court minute is here. portcourt.
Written By: - Date published: 8:29 pm, March 21st, 2012 - 83 comments
Why did Key express confidence in Smith after reading the 2nd letter that is the supposed reason for him going? Why did he really resign, what are they trying to distract us from? How did it happen that the woman who Smith resigned over also is the person who got the largest ACC leak in history? What deal did Smith get to stay in Parliament avoiding a risky by-election?
Written By: - Date published: 9:10 am, March 21st, 2012 - 7 comments
Treasury has repeatedly proven itself incapable of forecasting its way out of a paper bag but, for some reason, that doesn’t stop it trying to tell everyone else how to do their jobs. Currently, they’re pushing for larger class sizes in the reduced education budget. Someone should ask why the education budget is under pressure but Treasury’s isn’t. Wait, someone did.
Written By: - Date published: 7:45 am, March 21st, 2012 - 218 comments
Even 1 year ago, there would be no doubt what would happen next. He would have sacked Smith without hesitation. Has Key lost those instincts already?
Updates: won’t comment now but will this afternoon. Needs time to make some backroom deals so that skeletons stay in closets? Smith was been summoned to Wellington. Press conference at 1.45. And He’s gone. They’re trying to downplay the reasons. What a disgrace. Full video of Key offloading Nick Smith
Written By: - Date published: 12:28 pm, March 20th, 2012 - 101 comments
Barack Obama will be breathing a sigh of relief after David Farrar endorsed his call to end oil subsidies. It seems the 3rd oil price spike in 5 years is getting the attention of even the Right. Something, they’ve got an inkling, is wrong and rising petrol prices are here to stay. Pity that, on the cusp of revelation, Farrar opts for the security blanket of neoclassical economics.
Written By: - Date published: 9:08 am, March 20th, 2012 - 88 comments
Nick Smith, while Minister for ACC wrote a letter in support of the claims of, um, close personal contact Bronwyn Pullar last year after Pullar threatened to embarrass him and ACC. He says, this was in his personal capacity, even though it was on parliamentary ministerial letterhead. And what kind of coincidence is it that the largest accidental leak by ACC in history went to Pullar?
Written By: - Date published: 9:42 pm, March 19th, 2012 - 31 comments
Tapu Misa has an excellent article in today’s Herald. She hopes those predicting the demise of Labour’s pre-election promise to extend Working to Families to the children of beneficiaries are wrong. So do I. Labour will be defined by what it does for our children. Let’s not throw out what was a very very good policy.
Written By: - Date published: 7:07 am, March 19th, 2012 - 103 comments
David Farrar has had a go at David Clark for supposedly blaming (or crediting, Farrar can’t make up his mind) National for the revenue loss resulting from Labour’s 2008 tax cuts after Clark said that National’s tax cuts have sucked 2.5% of GDP out of the Crown’s revenue, widening the deficit by $5b a year. Either Farrar can’t read or he’s desperately spinning.
Written By: - Date published: 8:38 am, March 18th, 2012 - 112 comments
Labour’s Revenue spokesman, David Clark, has picked up on a statement in IRD’s Briefing to the Incoming Minister that “2.5 percentage points of this decline [in tax take as a percentage of GDP] is attributable to policy changes”. 2.5% of GDP is $5 billion a year. So, a huge chunk of the record deficits that National is running is attributable to their tax cuts for the rich.
Written By: - Date published: 1:59 pm, March 17th, 2012 - 141 comments
China’s political counsel (note, not a trade official) has threatened New Zealand over the Crafar Farms deal saying that New Zealand trade to China and investment from China is at risk. It seems an extraordinary action over a supposedly private business arrangement. As was Chinese Officials’ meeting with the OIO while the first Crafar farm decision was being made.
Written By: - Date published: 9:15 am, March 17th, 2012 - 97 comments
Ports of Auckland management may be starting to realise that they have bitten off more than they can chew. Faced with international union action, they have called a halt to the redundancy process.
Written By: - Date published: 10:56 am, March 16th, 2012 - 16 comments
National has backed down from privatising ACC’s work account. To make it work, they were going to have to pump up ACC levies and make it pay a dividend to the Crown to make prices high enough for the private sector to compete. A sign of how weak the government is that they couldn’t push this through. Problem is, the same logic applies to asset sales.
Written By: - Date published: 8:03 am, March 16th, 2012 - 64 comments
The reshuffle announced yesterday effectively made Steven Joyce the new Minister of Labour.
Call me paranoid but I’m thinking that putting the Government’s bully-boy in charge of the rights of working Kiwis may not bode well for employment relations over the next few years.
Written By: - Date published: 10:57 am, March 15th, 2012 - 54 comments
Chris Trotter invented the myth of the so-called ‘Waitakere Man’. It assumes Labour has lost voters because we’re all contractors now or in roles where we could be contractors, and don’t need their union-based labour policies and benefit system but want simpler rules for small business. No factory or retail workers in this model. Problem is, it’s not true.
Written By: - Date published: 10:06 am, March 15th, 2012 - 14 comments
Recently, an article appeared in the Wall Street Journal describing how CEOs around the world spend their time. The article drew on data from a larger study, the Executive Time Use Project . This project relied on reports of time use by CEO’s personal assistants; making it more accurate. It came across my usual reading and I thought I might share some of the findings with you.
Written By: - Date published: 7:27 am, March 15th, 2012 - 32 comments
It’s a bit rich that PoAL are claiming they’re “investigating” online privacy breaches now when it’s obvious they’ve been colluding with Cameron Slater for months.
It’s also interesting that the limited “no comment” comment PoAL has issued has been in Tony Gibson’s name rather than Richard Pearson’s.
Written By: - Date published: 10:58 pm, March 14th, 2012 - 57 comments
He must resign. Surely. Here is Key, speaking to the PSA in 2008, making very specific promises about public service jobs, tax cuts, and asset sales that helped him get elected. Promises he has since broken. There’s no excuse. He wasn’t blind-sided by events. He made these promises never intending to keep them. Key is refusing to comment but if the man has any ethics he’ll resign.
Written By: - Date published: 6:51 am, March 14th, 2012 - 168 comments
Looks like Ports of Auckland have been unlawfully passing workers’ private information to Cameron Slater.
It’s just another example of the intimidation and thuggery the port management is becoming well known for.
Written By: - Date published: 9:51 pm, March 13th, 2012 - 16 comments
The trailers for John Key’s Thursday speech are calling it for a ” new super-Ministry” under the command of Steven Joyce. Merger isn’t the issue – the policy direction is. If Joyce just stays focussed on roads of national significance, mines and oil wells of national significance, and casinos of national significance it will be another waste of time reshuffle. If it becomes genuinely high quality export focussed, then it may prove worthwhile. Fingers crossed.
Written By: - Date published: 2:28 pm, March 13th, 2012 - 133 comments
Student loans will remain interest free, but the Nats are planning to rein them in “in a big way”. I guess that means that typical Nat slash-and-burn thinking will result in damaging restrictions to educational access in due course.
Written By: - Date published: 9:40 am, March 13th, 2012 - 19 comments
There’s been much wailing and gnashing of teeth over Pengxin Shanghai’s attempt to buy the Crafar farms. Justified too. I want to take a step back and look at the strategy that China is executing and the imperatives behind it. Like any successful organisation, China is seeking to perpetuate its power. That requires securing access to resources. And China’s sitting on the low-cost cash to do it.
Written By: - Date published: 8:16 am, March 13th, 2012 - 81 comments
Key to Mike Hosking: “New Zealand either needs to borrow more or earn more, and I’m in the camp that we need to earn more”
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