Posts on the economy, work, business, income, and labour
Written By: - Date published: 7:32 am, May 24th, 2011 - 24 comments
Prominent scientist Sir Paul Callaghan thinks Kiwis are choosing to be poor. I reckon he’s right too, but we probably disagree about the reasons.
Written By: - Date published: 7:06 am, May 24th, 2011 - 296 comments
I just love seeing fat, rich men who have received massive tax cuts paid for with borrowed money like John Key and Phil O’Reilly saying that a $15 an hour minimum wage is unaffordable (Key also says governments can’t raise wages, yet he claims to have done just that). Lets check out one large minimum wage employer’s ability to pay.
Written By: - Date published: 2:32 pm, May 23rd, 2011 - 10 comments
Cartoonist Guy Body in The Herald, with one of those pictures that is worth a thousand words…
Written By: - Date published: 11:36 am, May 23rd, 2011 - 11 comments
John Key thinks he can smile and wave his way through the worst natural disaster this country has faced. He acts like all he has to do is cheer-lead and the city will rebuild itself. It’s a stunning dereliction of duty. The contrast with the vision and leadership the Left is showing is marked.
Written By: - Date published: 9:30 am, May 23rd, 2011 - 22 comments
John Key reckons the unemployed need “a kick in the pants”. Paula Bennett reckons the Nats’ harsh reforms mean that “the dream is over” for beneficiaries. Meanwhile, back in the real world…
Written By: - Date published: 7:00 am, May 23rd, 2011 - 194 comments
Labour’s pledge of a $15 hour minimum wage is worth more than any tax cut – $66 a week net to a full-time minimum wage worker. The right is crying it’ll hurt the economy and destroys jobs. That’s rubbish. In particular, the history of changes to the youth minimum wage shows no relation to youth unemployment. The Right are just making excuses for ripping-off workers.
Written By: - Date published: 11:24 am, May 22nd, 2011 - 17 comments
No. Really, they’re wasting it on corporate tagging of no value to anyone whatsoever. You can make your own parody sign, like the one below here and join the 7K strong Facebook group.
Written By: - Date published: 8:32 am, May 22nd, 2011 - 13 comments
John Armstrong is highly critical of the sub-zero budget: “The Budget has displayed a degree of cynicism one would expect from a Government in its third term, not its first”…
Written By: - Date published: 5:35 pm, May 21st, 2011 - 84 comments
Despite some progress under the last Labour government, too many children have been allowed to slip through the gaps in this country. And now of course, under a National government, it’s getting worse. In her conference speech this evening Annette King renewed her promise that the next Labour government will put children at the centre of policy.
Written By: - Date published: 8:26 am, May 21st, 2011 - 12 comments
As I think you can tell from the budget speech, that Bill English is quite a funny guy…
Written By: - Date published: 11:29 am, May 20th, 2011 - 26 comments
I was listening to John Key on Parliament TV last night on the budget and he is bloody lazy when speaking. I had to watch his lips before I could figure out what he was saying. This morning there is a video of his remedial vocal work that illustrates this problem..
Written By: - Date published: 8:12 am, May 20th, 2011 - 60 comments
Poor accounting, bad forecasting, dodgy cuts and no vision whatsoever.
Yesterday’s budget was a fail on pretty much every front.
Written By: - Date published: 11:26 am, May 19th, 2011 - 54 comments
Unions and community groups don’t need to wait till after the Budget is read to know they’ve been screwed. They’re gathering today at Parliament at 12pm for a protest rally – come along if you’re in town. I was talking to a union organiser today who said that one of her main worksites – politically apathetic most […]
Written By: - Date published: 10:00 am, May 19th, 2011 - 108 comments
It’s only taken two and a half years of mismanagement and reckless tax cuts from to run the country into a mountain of debt. How bad have they let things get, who will they make pay for their mistakes, and how rosy will the forecasts their plans hang on be? Rolling coverage through the day.
Updates: Plans for privatisation are set out. Families hit harder than expected.
Written By: - Date published: 9:09 am, May 19th, 2011 - 16 comments
Written By: - Date published: 7:03 am, May 19th, 2011 - 25 comments
So, today is Budget day. The big stuff has all been pretty well signposted, tinkering with KiwiSaver, Working for Families, and student loan eligibility. The devil will be in the details of all the cuts that get made to try and limit the damage in health and education.
Written By: - Date published: 4:37 pm, May 18th, 2011 - 19 comments
Speaking to Audrey Young in today’s Herald, Prime Minister John Key stated “the one thing I’ve come to learn is that the single biggest driving factor in Kiwisaver is inertia”. This confirms what many in the community have been thinking, and a few in the business world have been saying, that inertia is also the single biggest driving factor in the National/ACT/Maori Party government’s economic policy.
Written By: - Date published: 10:00 am, May 18th, 2011 - 129 comments
The dairy industry produced 16 billion litres of milk in 08/09. The 17,000 dairy farmers got an average half million payout. So how come they only paid $26 million in tax in total? Are we meant to believe that the average dairy farm makes a million litres of milk for $5,000 profit? Rubbish. They’re creaming it.
Written By: - Date published: 6:21 am, May 18th, 2011 - 15 comments
It has been great to see Labour’s statements on how they would approach Budget 2011. But, as is often the case at this stage of the electoral cycle, it is the Greens who are laying out their alternative budget ideas in the most detail.
Written By: - Date published: 2:56 pm, May 17th, 2011 - 40 comments
John Key at a press conference yesterday made some claims about wages, inflation and Treasury predictions that really need looking at a bit more closely.
Written By: - Date published: 8:57 am, May 17th, 2011 - 24 comments
Apparently the budget will forecast strong growth in GDP and wages, and a return to surplus within a few years. Sounds good? Well yes, but it is all based on purely hypothetical “projected growth”. Wishful thinking from Treasury analysts with a three year record of being wrong wrong wrong.
Written By: - Date published: 10:32 am, May 16th, 2011 - 42 comments
As we wait to see just how bad the economy has got under National, and what cuts they will force on us to pay for their follies, Michael Bott’s reports on canvassing in Masterton: “I spent a weekend with a team of Labour volunteers listening to the concerns of the people. A repeated remark was, ‘‘ no matter how hard I try, I just can’t get ahead’’”
Written By: - Date published: 7:18 am, May 16th, 2011 - 66 comments
The run up to the budget has all been about cuts. How many? How deep? Like lemmings we’re accepting National’s framing, and marching even faster to our economic doom. But, there is an alternative. Instead of slashing spending, we can raise government income. Here’s how.
Written By: - Date published: 12:32 pm, May 15th, 2011 - 19 comments
Paul Krugman on the real reasons for the economic carnage. Not social spending policies, but the daft economic policies of the right-wing “policy elites”. Our focus should not be on slashing spending, but on National’s stupid, unaffordable tax cuts.
Written By: - Date published: 10:26 am, May 15th, 2011 - 38 comments
The minor party debate on Q+A was very interesting. Rahui Katene was self-contradictory and vague, like the Maori Party always is. Peter Dunne was pathetic. Roger Douglas slammed the government’s borrowing as did Russel Norman, who pointed out the other three had all voted for National’s debt-increasing tax cuts for the rich.
Written By: - Date published: 9:35 am, May 14th, 2011 - 43 comments
Over the coming week Campbell Live will be highlighting the rising cost of living, falling wages, life on the pension, and so on. In short, exactly the sort of stuff which should be front and centre of any budget, and any election campaign.
Written By: - Date published: 2:02 pm, May 13th, 2011 - 36 comments
This letter is getting more media attention than it deserves, because its basically Brash regurgitating his 2025 task force stuff. Key and the Nats have, quite rightly, ignored it once, and they’ll ignore it this time too.
Written By: - Date published: 12:10 pm, May 13th, 2011 - 24 comments
MrSmith argues that the government’s announcement of $42 million over four years for trades training for the Canterbury rebuild is mis-directed. He says it takes too long to train a tradesperson and the money would be better spent getting building workers back from Aussie, or keeping the ones that are still leaving.
Written By: - Date published: 6:21 am, May 13th, 2011 - 24 comments
The second plank of John Key’s economic plan for New Zealand has fallen through. First, the ‘national cycleway’ became a scattered assortment of cycle paths that were already under construction. Now, the pandas Key was going to rent so we could get rich buying tickets to see them won’t be coming and we have revealing emails to share.
Written By: - Date published: 8:30 pm, May 12th, 2011 - 40 comments
Watch Jacinda Ardern clean up Jamie-Lee Ross on Breakfast this morning. Nearly half of the National Government’s much-quoted borrowing of $300 million a week is to pay for their tax cuts. That was this government’s choice. Now their choice is that everyone else has to pay for it.
Written By: - Date published: 9:31 am, May 12th, 2011 - 26 comments
John Key has announced National’s third reform of Kiwisaver in 3 years, saying the government’s contribution will be cut and made up with higher minimum contributions from members and their employers. It’s an embarrassing flip-flop from the government that cut default contribution rates and shows no plan for the future.
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