There is no surplus

In Year Eight of this National government, the idea of a budget surplus is a joke. They’ve promised it for nearly a decade. They’ve fiddled the books. The truth is, there is no surplus.

Racist Nats Attack Chinese Grannies Shock!

National have slammed the door shut on the parents of already settled migrants who wish to move to NZ to complete the family unit. Minister Michael Woodhouse accuses elderly Asians of bludging off the NZ taxpayer. You won’t believe the howls of outrage from the right!

Clinton vs Trump; Debate 2

Round 2 of the Presidential debates. Trump is on the ropes, can Clinton land the knockout blow? Certainly, there’s a lot of Republican Party grandees hoping Hillary puts them out of their misery. Seconds out at 2PM, NZ time.

UPDATE: Obama nailed Trump’s real issue a few minutes ago; it’s insecurity. Video in post.

UPDATE 2: LIVE STREAM now in post.

Trumped

It looks all its over for Donald Trump. On the eve of the second Presidential debate, his polling has tanked, the Russians have come out in support of him and his team have run out of money for TV ads. Plus, truly awful video has emerged overnight of him admitting sexual assaults. Has there ever been a worse candidate? And will he still be the right’s candidate in a month’s time?

UPDATE: Trump says he will be a better man. Pearl Jam sue.

Colinoscopy

In which we learn that Colin Craig had already lost another case months before being done over in his defamation trial.

Arrest Blair’s Mate

The downing of Malaysian Airlines MH17 was a Russian sponsored war crime. When will Vladimir Putin be arrested?

UPDATE: Animation and actual photos and video of the BUK launcher added.

HoliPay fiasco – 1 in 3 workers robbed

Do you work irregular shifts (even only occasionally)?  Overtime?  Sometimes on Public Holidays?

Then you’re probably part of the 1 in 3 workers owed more than $2 billion lost thru incorrect calculations of holiday pay.

Thanks Steven Joyce.

Stand Up for Housing: Protest today in Aotea Square

Young people, union members, and other Aucklanders will meet in Aotea Square today to make some noise about the devastating Auckland housing crisis.  Stand Up Youth Union Movement and Unions Auckland are hosting the Monopoly-themed event, which will highlight the damaging effects of the crisis and call on local and central government to do a lot more to fix the housing market.

Warren strips cross-selling bank CEO

Watch Elizabeth Warren strip Wells Fargo  CEO John Stumpf alive at a Senate hearing on ‘cross-selling’ of bank products customers didn’t need. Wells Fargo, one of the US’ biggest banks,  was fined $185million, and 5300 employees at branch and teller level were sacked. The senior executive in charge was allowed to retire with nearly $100million in stock benefits. Warren thinks the top management should be held accountable. See what you think.

National 0, Christchurch 1

Did Lianne Dalziel just prove how economically challenged the National Party are? It appears Christchurch will be able to pay its quake bill without flogging off the family silver. Why are the right so wedded to asset sales when they make no financial sense?

A MPI boondoggle subsidy for Wairarapa land speculators?

You have to wonder about the quality of some of the economic process control that goes on for National’s politically important subsidies to the farming industry. A economic review of a Wairarapa Water application for second stage feasibility funding from the Irrigation Acceleration Fund for the “Black Creek” and “Tividale” irrigation schemes makes it look like government funded boondoggle.

TPP – Let it go John

So Key has been trying to explain the TPP to America. Apart from looking ridiculous, what did he think he was going to accomplish?

Economics is still lost

Paul Romer is an economist highly respected by his peers, and about to become the Chief Economist at the World Bank. He’s also just published a paper rubbishing the last 3 decades of macroeconomics.

Martin Wolf, chief economics commentator at the Financial Times is challenging fractional reserve banking. It’s certainly time for some new ideas.

Delivering the Green New Deal

London-based macro-economist Ann Pettifor will speak on this topic at Wesley Church, 75 Taranaki Street, Wellington, on Tuesday 20 September at 5:30pm. Ann is a member of the Green New Deal Group, whose proposition  is designed to power a renewables revolution, create thousands of green-collar jobs and rein in the distorting power of the finance sector while making more low-cost capital available for pressing priorities. All welcome; more info inside.

Rockstar! Is it?

National is very proud of the latest GDP-growth figures (third highest in OECD!), but are they helping you?  And are they what they appear?