The Standard

Economy

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

Categories under Economy

ImperatorFish: Each Time We Say “Protect The Environment” Steven Joyce Eats A Baby

Written By: - Date published: 2:50 pm, February 8th, 2012 - 2 comments

Scott at Imperator Fish has kindly given us permission to syndicate posts from his blog – the original of this post is here

Steven Joyce writes in the Herald that the answer to our economic woes is to open up resources to entrepreneurs, and to hell with the social cost or environmental impact.

Congrats on raising the minimum wage John

Written By: - Date published: 1:59 pm, February 8th, 2012 - 66 comments

Shame you couldn’t raise it to a living one though. The working poor will appreciate the extra $1000 per year coming this April, but it still won’t cover their bills…

Steven Joyce and the ‘can’ts’

Written By: - Date published: 9:57 am, February 8th, 2012 - 44 comments

Steven Joyce reckons that the ‘can’ts’ are holding us back. I agree, just look at these facts:

  • National can’t create growth
  • National can’t create jobs
  • National can’t grow wages
  • National can’t get people to live here
  • National can’t get debt under control
  • National can’t reduce poverty

A sustainable future

Written By: - Date published: 8:10 am, February 8th, 2012 - 19 comments

The UN High Level Panel on Global Sustainability has delivered a report about creating a future that’s sustainable economically, socially and environmentally. Our government and political parties should be looking at it and measuring themselves against it.

Inequality: a big issue for our time

Written By: - Date published: 6:43 am, February 7th, 2012 - 218 comments

The Herald looks like it has an excellent series this week, on Auckland: A city divided by income. It’s an issue that has been waiting to be examined in the local context in more depth.  It’s been quite a big issue in the UK for a while, with The Spirit Level making an impact before […]

Super sized problem

Written By: - Date published: 10:32 am, February 6th, 2012 - 38 comments

The superannuation problem isn’t going away. The Nats will be fuming that Treasury have just dropped in their laps again.

Fran O’Sullivan: a shill with diversions

Written By: - Date published: 2:02 pm, February 5th, 2012 - 216 comments

Fran O’Sullivan took objection to RedLogix criticizing her articles on Crafar farms. It helps our traffic, but really she should relook at the utter crap she has been writing before attacking the questioner. She talks about everything except why the OIO within their legislation limited framework should or should not have approved the sale. The more that I reread her work on this subject, the more I ask: what in the hell is she trying to hide?

Hickey on playing by the rules

Written By: - Date published: 8:49 am, February 5th, 2012 - 130 comments

While the rest of the world is moving away from the ‘hands off’ monetary policy that became fashionable in the 80s, our government insists on playing by the outmoded neoliberal ‘rules’ of a clean float. Well, what happens when everyone else ‘cheats’ by printing free money to drive their currencies lower and we sit on our hands? We lose our assets and our exporters.

More columns from O’Sullivan, please

Written By: - Date published: 11:07 am, February 4th, 2012 - 133 comments

Every time some rightwing ideologue calls 80% of New Zealanders racist or xenophobic because we don’t want to lose control of our future and sell our strategic assets to fall into the hands of a foreign dictatorship that is going around the world buying up key resources to secure their own supply chains at the cost of our sovereignty, and reminds us that National is letting this happen, I smile. Keep it up, Fran.

MoT reveals massive budget shortfall from peak oil

Written By: - Date published: 7:33 am, February 4th, 2012 - 36 comments

Almost missed among all the blacked out paragraphs of the Transport Briefing to the Incoming Minister are 2 interesting graphs. While not explicitly mentioning peak oil, the graph of the National Land Transport Fund shows a massive shortfall in revenue in a ‘high oil price, low growth’ scenario. The other shows how low-quality National’s highway spending is.

TEU: Treasury’s attack on ordinary Kiwis

Written By: - Date published: 4:05 pm, February 3rd, 2012 - 117 comments

Public education is the cornerstone of a good country and a buoyant economy. And New Zealanders have long enjoyed the benefits that come to them individually, to their families, their communities, their country, and the economy from having access to quality public education. But all this now seems under attack from a small group of Treasury officials.

NRT: Climate change: Cross-purposes

Written By: - Date published: 12:15 pm, February 3rd, 2012 - 48 comments

No Right Turn has a look at two of the incoming minister briefings impacting on climate change. They are incoherent and it is clear that neither ministry talks to the other. If it wasn’t affecting a important long term issue, it’d be as funny as a Yes Minister episode. But since it does, it just highlights the growing incoherence of this incompetent government and their increasing politicization of the civil service.

An unrelenting focus on jobs

Written By: - Date published: 9:45 am, February 3rd, 2012 - 9 comments

POAL sleaze

Written By: - Date published: 7:26 am, February 3rd, 2012 - 80 comments

I’ve heard that POAL has private detectives following union officials around and taking photos.

I’d imagine that’s where “scoops” like this are coming from.

“Largely symbolic”

Written By: - Date published: 5:26 pm, February 2nd, 2012 - 15 comments

According to TVNZ, the Prime Minister said section nine of the SOE legislation, referring to the Treaty of Waitangi,  was “largely symbolic” because it had not been enacted since it was drawn up in 1986. It wasn’t a felicitous phrase; he might well find Maoridom’s response is both symbolic and large, if not in the sense he meant.

Treasury advocates own disbandment

Written By: - Date published: 12:42 pm, February 2nd, 2012 - 100 comments

Treasury has blown the dust off its 1980s economics textbooks and offered the same old failed prescription. Their moronic suggestion to cut education spending to finance tax cuts can be dismissed out of hand. But their suggestion of core Crown spending cuts has some merit; I know where we can get $75m that’s being spent on useless advice and incompetent forecasting.

Wanted: more news like this

Written By: - Date published: 9:44 am, February 2nd, 2012 - 16 comments

A remarkably nice worker/boss story from across the ditch: Australian Ken Grenda may have sold his bus company, but his staff of almost 2,000 are smiling. Mr Grenda gave cash bonuses totalling A$15m ($16m, £10m) from proceeds of the sale to employees of his 66-year-old Melbourne-based company. The bonuses, averaging A$8,500, were based on the length […]

Crafar vs Cameron

Written By: - Date published: 8:49 am, February 2nd, 2012 - 119 comments

Spot the difference: Mega-corporation with close ties to foreign dictatorship that has a policy of securing strategic resources buys swathes of New Zealand farmland after a bid by a company directly owned by the dictatorship was rejected. New Zealand public company to become the foreign company’s tenant. vs New resident in New Zealand buys farm.

Another rightie at the trough

Written By: - Date published: 7:10 am, February 2nd, 2012 - 36 comments

It’s tough getting a job in the Key economy. There’s 80,000 more people wanting work since Key came to office and 43,000 fewer jobs. Fortunately, there’s always a do-nothing government job going … if you know the right people. Eh, Catherine Isaac?  Sure she’s got no qualifications but the ACT leader-in-waiting needs an income.

Poverty: our shame

Written By: - Date published: 12:56 pm, January 31st, 2012 - 89 comments

We’ve been told about how bad poverty is here, and how bad it is for our future by the excellent Inside New Zealand documentary – but will it take an outside view to wake us from our slumber?

If so then Christians Against Poverty‘s John Kirkby is willing to provide it for us.

Worth a thousand words: minister of tourism

Written By: - Date published: 10:33 am, January 31st, 2012 - 28 comments

Kiwis want to keep our land, will Key listen?

Written By: - Date published: 8:57 am, January 31st, 2012 - 35 comments

I/S at NoRightTurn says we should hold Key to his latest pathetic excuse making for his inaction on the sale of our farmland overseas: “John Key’s excuse for the Crafar farms sale? His hands were tied. But he’s promising to change the law if we make enough noise about it” Unfortunately, Key doesn’t mean it. He has no intention of listening.

Marryatt must go

Written By: - Date published: 6:41 am, January 31st, 2012 - 84 comments

Most Kiwis have had no payrise, if they’re lucky enough to have kept their jobs, in the past few years. Yet Christchurch City Council CEO Tony Marryatt has kept on getting pay rises on his obscene salary, even as his job performance has declined. Now the arrogant bastard is saying he’ll keep $34,000 he doesn’t deserve unless the elected council ‘behaves’. There is no justification for this madness. Sack him.

It’s not racist to want self-determination

Written By: - Date published: 2:49 pm, January 28th, 2012 - 139 comments

Danyl at Dimpost says it all succinctly on Crafar Farms: while China is a rising economic super-power and a close trade partner of New Zealand, it’s also a totalitarian military dictatorship. People are allowed to feel apprehensive about such a state building its own vertical supply chains within the New Zealand economy without being labeled xenophobic and racist.

Treachery

Written By: - Date published: 10:09 am, January 28th, 2012 - 703 comments

Fran O’Sullivan is an enemy of the people. Her article in this morning’s Herald will forever brand her as a traitor to this country. She will be shunned and reviled by people who understand what a disgusting sell-out she has become. There is no coming back from this. The Crafar decision is a victory for […]

Ports of Auckland and casualisation

Written By: - Date published: 12:57 pm, January 27th, 2012 - 11 comments

CTU President Helen Kelly talks about the Ports of Auckland and the effects of casualisation on workers and workplace health and safety.

Closing the Gap: who’s listening?

Written By: - Date published: 10:22 am, January 27th, 2012 - 31 comments

Income inequality is one of the major issues of our time, and is being discussed globally. But our government doesn’t appear to be listening. Now a new organisation is aiming to raise awareness of the issue, and pressure our politicians to do something about it.

Oz & NZ govts suppress official peak oil warnings

Written By: - Date published: 12:40 pm, January 26th, 2012 - 43 comments

Dennis Tegg has a good piece on the release of a secret Australian government report that warns peak oil is upon us: The Daily Telegraph has revealed how the Australian government has attempted to suppress its own report on peak oil. The response from the New Zealand government had been equally secretive and obfuscating.

Being tenants in our own land now OK by Key

Written By: - Date published: 8:57 am, January 26th, 2012 - 585 comments

When he was running for re-election, John Key said he opposed selling the Crafar farms offshore: “I am concerned about the risk that New Zealanders become tenants in their own land”. Now he has won what is very likely his last term, he doesn’t give a damn about the farms going into foreign ownership and our publicly-owned farming company literally becoming the tenant of the land.

A brighter future for Maori?

Written By: - Date published: 11:41 am, January 25th, 2012 - 11 comments

Headline – PM to Ratana: National has made a difference

  • Maori unemployment under National: +15,300
  • Median Maori income under National: -$78 per week

Are Maori looking forward to another three years of Key’s ‘difference’?

National values

Written By: - Date published: 9:10 am, January 25th, 2012 - 94 comments

National is letting children go to school hungry to try to teach their parents a lesson. Every fool knows the basic requirement for learning is food in the tummy. No decent person would turn their back on a hungry child. But Mike Sabin wants 20 children in his electorate to starve pour encourager les autres. And Paula Bennett has just cut the money that was feeding them.