The Standard

Economy

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

Categories under Economy

Another Nat MP Quits

Written By: - Date published: 2:52 pm, July 20th, 2020 - 205 comments

Another Tory MP has quit. This time it’s first term MP Andrew Falloon.

UPDATE: The PM was informed on Friday, but chose to be discreet.

UPDATE: NewsHub are claiming that Falloon sent porn to a schoolgirl.

UPDATE: The victim was a uni student and her age means no offence was committed. Further, Falloon claims it was not him that sent the pic.

Can A Renewed Provincial Growth Fund Save Us?

Written By: - Date published: 7:33 am, July 20th, 2020 - 43 comments

With the simultaneous decline of Southland’s Tiwai Point aluminium smelter, the retrenchment of Waikato/South Auckland’s New Zealand Steel’s Glenbrook Steel mill, and the near-total shrinking of NZ Refining in Whangarei’s Marsden Point it’s not unreasonable to ask what will happen to the 10% of New Zealand who are employed in major manufacturing plants.

Wellington Central: Should Grant Robertson Stand Aside?

Written By: - Date published: 2:12 pm, July 19th, 2020 - 47 comments

Should Labour’s Grant Robertson stand aside in Wellington Central to guarantee the Greens are available to be a coalition partner?

Tourism: Death and Revival

Written By: - Date published: 11:30 am, July 19th, 2020 - 26 comments

New Zealand’s tourism economy has essentially collapsed, and it is part of a global tourism industry collapse that is so big that it may be permanently smaller. But does it have to be?

Auckland Central; Should Chloe Swarbrick Stand Aside?

Written By: - Date published: 12:33 pm, July 16th, 2020 - 127 comments

The Auckland Central electorate will elect a new MP in September. The Greens have a responsibility to make sure it’s the Labour candidate.

Roy Morgan Poll July 2020

Written By: - Date published: 11:17 am, July 15th, 2020 - 41 comments

The latest Roy Morgan Poll is further bad news for National and a stark warning for NZ First.

Greens policy announcement: Our Clean Energy Plan

Written By: - Date published: 1:37 pm, July 12th, 2020 - 26 comments

Our Clean Energy Plan is the first part of our transformational proposal to end the use of fossil fuels in Aotearoa. It will help to ensure our grandchildren inherit a world where they can not only survive, but thrive.

Union peak bodies: a beacon of hope for all workers

Written By: - Date published: 11:02 pm, July 11th, 2020 - 21 comments

My view is that neither big nor small unions function particularly well in the modern-day workforce. There are many notable exceptions to this where both do very good work. But few have found the balance of good local support for members, tackling national and international issues and crucially not wasting considerable time and resource fighting another rival union encroaching on their patch.

Local Government: crucial and undervalued

Written By: - Date published: 12:27 am, July 11th, 2020 - 4 comments

On the day of the council vote, we organised for the effected Citi-Ops workers to sit in the public gallery in the Council rooms wearing their High Viz’s and work gear. I was one of three speakers for the union, expressing opposition to axing these jobs. The Council debated the issue for about 30 minutes. Those councillors in favour of making the workers redundant argued that they should not interfere with management decisions. Those against the decision felt that management did not have the mandate to make this decision. The vote ended up being 7-7, so Green Party Mayor Celia Wade-Brown used her casting vote to uphold management’s decision to outsource these workers jobs. The Citi Operations staff were sitting in the room, so Celia and the councillors were looking at these workers as they made them redundant.

Requiem for a smelter

Written By: - Date published: 11:58 am, July 9th, 2020 - 53 comments

New Zealand was always a odd place to have a aluminium smelter. Untapped hydroelectricity capacity at the bottom of the world. But thousands of kilometers from raw material sources. Tens of thousands of kilometers from the major markets. Now our ever rising electricity prices show that we really need that 13% of power in our electricity market rather than making aluminium. 

Walkergate: MP Quits

Written By: - Date published: 1:49 pm, July 8th, 2020 - 65 comments

Privacy breaching MP Hamish Walker has announced he will step down at the next election. But who else should go?

Update: Muller tries to divert attention by announcing that National still want a 4 lane highway from Chch to Ashburton. Problem solved!

National’s dilemma – business as usual is failing them.

Written By: - Date published: 9:52 am, July 6th, 2020 - 99 comments

Audrey Young’s take in Granny Herald was interesting. “No ordinary Labour speech by Prime Minister Jacinda Ardern”. That is because the political ‘business as usual’ approach by the business orientation of National campaigning using the politics of fear and envy doesn’t work well in times of crisis. Business simply has too short a viewpoint to be acceptable in government at present – or increasingly in our uncertain future.

Does National actually have any policy?

Written By: - Date published: 9:00 am, July 6th, 2020 - 66 comments

National has recently been upping the campaign rhetoric but there is a disturbing lack of policy detail.

Wellington buses now: how a local authority harmed public transport

Written By: - Date published: 7:27 am, July 6th, 2020 - 15 comments

Sure to form, Paul Swain along with Regional Council Chair and another former Labour MP Fran Wilde proposed tearing down the trolleybus wire and increasing the city’s carbon emission. This was to then promptly followed by re-tendering all the bus routes having redesigned all the bus network so that bus companies could then compete over routes and undercut each other. At one council meeting in mid-2016 Swain was questioned about the possibility of protecting drivers jobs and employment conditions. After a few questions, he lost patience, slammed in hand on the table and ended the meeting. This was the extent to which Swain and the Greater Wellington Regional Council considered supporting bus drivers during this process.

White Riot

Written By: - Date published: 2:43 pm, July 5th, 2020 - 11 comments

Love Music, Hate Racism? Here’s the film for you!

Re-open New Zealand

Written By: - Date published: 10:23 am, July 3rd, 2020 - 82 comments

It is great to see former Prime Minister Helen Clark join the debate about re-opening New Zealand’s borders. We need it. There is no better time for New Zealand to re-launch itself to the world.

National wants to open up our borders, unless you are Indian, Pakistani or Korean

Written By: - Date published: 8:08 am, July 3rd, 2020 - 55 comments

National Backbench MP Hamish Walker has claimed that Queenstown is to be invaded by people from India, Pakistan and Korea when the reality is the Government is considering using empty Hotels for quarantining returning kiwis.

The 2008 Go Wellington Bus Lockout

Written By: - Date published: 5:44 am, July 3rd, 2020 - 6 comments

20 days after being elected President of the Wellington Tramways and Public Passenger Transport Employees Union (we just called it Tramways), drivers at Go Wellington were locked out. The City nearly ground to a halt with thousands unable to get to work and traffic congestion a nightmare. Certain journalists were quick to call this a communist conspiracy.

Paora Goldsmith in fake news scandal

Written By: - Date published: 8:41 am, June 29th, 2020 - 33 comments

Paora Goldsmith has shown either that he is lacking in basic numeracy and literacy skills or that he is prepared to tell porkies for political advantage.

Green Party rocks their new Guaranteed Minimum Income policy

Written By: - Date published: 7:05 am, June 29th, 2020 - 263 comments

The Greens’ audacious new social security policy, the Poverty Action Plan, places manaakitangi and compassion at the centre. It includes guaranteed income across the board for those in need, reorientating ACC to include illness and prioritise care, support for children and single and double parented families, and it pays for it all by taxing some of the assets and income of the wealthy.

One News/CB Poll June

Written By: - Date published: 6:33 pm, June 25th, 2020 - 49 comments

The latest One News/Colmar Brunton poll continues to show Labour are the favourites to lead the next Government.

We don’t know how lucky we are

Written By: - Date published: 10:59 am, June 24th, 2020 - 32 comments

Looking at the rises in covid-19 infections worldwide is just damn depressing. Looking at the media and Nat supporters, the world, and covid-19 -ll I can say is thank you for the internet. And the kiwis who aren’t listening to the whining about here because they can see the slow disaster unfolding elsewhere with incompetent governments.

Aroha Ardern Poster Banned?

Written By: - Date published: 9:24 pm, June 21st, 2020 - 66 comments

A piece of street art has got the right’s knickers in a twist. But Love conquers all.

Fixing Unemployment – Zoom meetup Saturday 10am

Written By: - Date published: 3:11 pm, June 19th, 2020 - 8 comments

Is it time to completely rethink how we deal with unemployment? We face a tsunami of job losses not seen in generations. Two ideas — social insurance and a job guarantee — are gaining prominence as ways to change how we deal with the problem. One provides income protection for those who lose employment, the other aims for something bolder: the elimination of unemployment. All welcome; register here.

West Auckland Shooting

Written By: - Date published: 3:10 pm, June 19th, 2020 - 171 comments

Two police officers have been shot in West Auckland. Is it time to arm the Police?

Things that will live

Written By: - Date published: 10:58 am, June 19th, 2020 - 14 comments

Despite downbeat economic predictions and an imminent global recession, the New Zealand recovery offers opportunities for entrepreneurial success that exceed anything we’ve seen for decades.

Responsible politics verses Gotcha politics

Written By: - Date published: 8:16 am, June 18th, 2020 - 215 comments

Michael Woodhouse has recently had a difficult ethical dilemma.  He received information suggesting that there were major weaknesses in the Covid quarantine system.  Should he do the responsible thing and point out these weaknesses to the authorities or should he play Gotcha politics?

A World That Just Doesn’t Need As Much Oil

Written By: - Date published: 7:22 am, June 18th, 2020 - 27 comments

BP yesterday sent a really big message that effectively now, Covid-19 is the break that tips the world away from oil dependence.

Things that will die

Written By: - Date published: 8:55 am, June 15th, 2020 - 90 comments

For three decades tourism has been the great tidal surge that has made many otherwise spiralling towns stablise, and in some cases expand.  Post Covid we are going to see some of these towns die.

Todd’s Odd Distress Signal

Written By: - Date published: 5:39 pm, June 14th, 2020 - 64 comments

How odd of Todd! A condescending gesture turns into a cry for help.

Kim Hill asked “Why…

Written By: - Date published: 4:51 pm, June 12th, 2020 - 31 comments

…is the US sharemarket roaring away – up 44% – while economic recovery prospects are grim?” ANZ’s Sharon Zollner’s answer on Tuesday was the Fed printing money, but worried markets were turning a  blind eye to the bad news. The bad news hit today as the sharemarket nose-dived. Wolf Richter’s answer was more to Kim’s point: “Fed bails out the wealthy while America convulses in pain.”