The Standard

Economy

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

Categories under Economy

Trump physically slams WWE billionaire McMahon to the ground, mercilessly mutilates him

Written By: - Date published: 2:02 pm, October 8th, 2016 - 49 comments

Definitive documentary evidence of Trump the violent, volatile, unpredictable sociopath revealed.

Trumped

Written By: - Date published: 10:55 am, October 8th, 2016 - 173 comments

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.

Water and cultural values

Written By: - Date published: 7:30 am, October 8th, 2016 - 60 comments

Day one of the International Days of Prayer and Action with Standing Rock. Here’s a post on NZ’s relationship with water, and whether water is a resource or a taonga.

The Chief Prison Inspector’s report on Serco and MECF

Written By: - Date published: 9:30 am, October 7th, 2016 - 46 comments

The Chief Prison Inspector’s report on Mount Eden Corrections Facility has now been released and has presented a damning judgment on Serco’s management of the prison.

Why we need to stand with Standing Rock

Written By: - Date published: 2:33 pm, October 6th, 2016 - 25 comments

For seven months the next movement of social and environmental justice and resistance has been growing. We should be paying attention.

The main risk to New Zealand according to John Key

Written By: - Date published: 9:15 am, October 6th, 2016 - 59 comments

John Key is pretty good at providing media commentary on what problems New Zealand faces.  But is he any good at addressing those problems?

Colinoscopy

Written By: - Date published: 6:32 pm, October 3rd, 2016 - 41 comments

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

How difficult to measure poverty?

Written By: - Date published: 9:47 am, October 3rd, 2016 - 104 comments

Amazing lead story on RNZ – Easier to count rodents than kids in poverty, suggests Key. There are a number of good measures, any one of which would do, but the new Children’s Commissioner just wants to get past that debate and get onto doing stuff to reduce the numbers. A government that is all […]

Arrest Blair’s Mate

Written By: - Date published: 8:45 am, September 29th, 2016 - 303 comments

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.

Clinton vs Trump; Debate 1

Written By: - Date published: 8:52 am, September 27th, 2016 - 274 comments

The first Presidential kicks off this arvo. Who will win? Do we care? Should we care? Stay tuned Standarnistas, it’ll be a doozy!

A tale of Two Universities

Written By: - Date published: 8:50 am, September 26th, 2016 - 48 comments

A guest post by John P Egan regarding recent industrial action taken by Tertiary Education Union members

HoliPay fiasco – 1 in 3 workers robbed

Written By: - Date published: 6:51 am, September 26th, 2016 - 48 comments

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

Written By: - Date published: 6:38 pm, September 23rd, 2016 - 45 comments

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.

“We’re no longer citizens, we’re customers”

Written By: - Date published: 9:51 am, September 23rd, 2016 - 32 comments

Ann Pettifor, in New Zealand for lectures on the state of the financial world, talks to Nine-to-Noon about the most pressing problems.  Worth a listen.

Warren strips cross-selling bank CEO

Written By: - Date published: 2:02 pm, September 22nd, 2016 - 25 comments

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

Written By: - Date published: 1:49 pm, September 21st, 2016 - 97 comments

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?

Written By: - Date published: 9:17 am, September 21st, 2016 - 23 comments

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

Written By: - Date published: 7:23 am, September 21st, 2016 - 132 comments

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

Written By: - Date published: 12:25 pm, September 20th, 2016 - 54 comments

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

Written By: - Date published: 3:40 pm, September 18th, 2016 - 3 comments

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.

The “Intellectual Yet Idiot” Class – Knowing what’s best for you

Written By: - Date published: 10:38 am, September 18th, 2016 - 241 comments

When highly educated people end up being idiots, and uneducated people end up being smarter.

Rockstar! Is it?

Written By: - Date published: 12:58 pm, September 16th, 2016 - 181 comments

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?

Translating the local government election jargon

Written By: - Date published: 12:30 pm, September 16th, 2016 - 13 comments

The PSA has produced a nice guide to cut through all the buzzwords in local body elections.

Fortress NZ

Written By: - Date published: 11:25 am, September 16th, 2016 - 120 comments

TS regular Tony Veitch has some practical ideas as to how we insulate NZ from the ravages of neoliberalism and climate change. Readers may agree with some, none or all of the suggestions. However, whichever way you look at it, the time for hand wringing is over. It’s time for action.

Stop the Sanctions!

Written By: - Date published: 7:05 am, September 16th, 2016 - 131 comments

Auckland Action Against Poverty is trying to get a sanction on sole mothers removed.

India’s general strike

Written By: - Date published: 8:30 am, September 13th, 2016 - 9 comments

The world’s biggest general strike ever occurred this month in India.

Big Oil in plain packaging

Written By: - Date published: 7:30 am, September 10th, 2016 - 95 comments

Big Tobacco was hit this week in New Zealand after Parliament passed laws requiring smokes to be sold in plain packaging. The science about the health threats posed by smoking is settled, as is the science over climate change. When can we expect laws being passed against the oil companies?

Chloe King – John Key, I am a low waged worker, and neither “lazy” nor “drug addled”

Written By: - Date published: 2:39 pm, September 9th, 2016 - 254 comments

Blogger and social activist Chloe King, one of the hundreds of thousands of low waged workers in this country was devastated by John Key’s comments suggesting that she and others were lazy and had no work ethic. This is her response.

Video: neoliberalism as a colonising project

Written By: - Date published: 9:00 am, September 9th, 2016 - 29 comments

“If indigenous people were given a space to be able to think about what system would work for them, I don’t think that would look like capitalism” – Kassie Hartendorp speaking at the launch of ESRA last week.

NZ: Home of Rugby, Raping and Beer

Written By: - Date published: 3:30 pm, September 8th, 2016 - 103 comments

The whitewash of the rugby players who assaulted a woman at a post season piss up has been released. A mightily relieved rugby boss Steve Tew can now go into the rest of the season knowing that the All Black squad will not be affected by the loss of any players to suspension. The only person to have lost their job over the incident is the victim. How cool is that?

Video: What comes after neoliberalism?

Written By: - Date published: 1:02 pm, September 8th, 2016 - 8 comments

Nick Srnicek’s keynote talk at the launch of Economic and Social Research Aotearoa, on the role that left think tanks like ESRA can play in developing a post-capitalist politics for today.