The Standard

Economy

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

Categories under Economy

From out of the Shadows

Written By: - Date published: 9:58 am, September 28th, 2015 - 20 comments

Goff has attempted to throw a fire-cracker into the notion of the National Party leadership and caucus being one big happy family. Is this the Labour Party’s way of sowing seeds of discontent without tainting the image of their leader? It is NOT Dirty Politics by any normal understanding of that term as captured in the book of the same name. Is this Goff’s role now? To box from the shadows?

Bunnings strike

Written By: - Date published: 1:28 pm, September 26th, 2015 - 36 comments

Bunnings staff are striking today after rejecting unfair contracts.

Pope Francis speaks

Written By: - Date published: 8:32 am, September 26th, 2015 - 98 comments

Pope Francis has given two important speeches recently.

NOx-ious shit all around.

Written By: - Date published: 7:49 am, September 25th, 2015 - 109 comments

Been trying to get my head around the implications of Volkswagen’s rigged diesel performance tests. Predictably, and unlike most stories covering this, I couldn’t give a rat’s arse for the financial woes the company might be facing.

OIA on Zero Hours reveals just what an attack on workers it is.

Written By: - Date published: 11:39 am, September 24th, 2015 - 53 comments

We have the documents leading up to the what can only be described as a dreadful piece of law legalising employment agreements which tie workers to an employer without any of the reciprocity of guaranteed hours of work.  At a time like now – where work in this country is so badly paid, with so little protection – we get this.

Paula Bennett’s loopy rules do not actually exist

Written By: - Date published: 9:30 am, September 23rd, 2015 - 26 comments

The Government has admitted that at least some of the loopy rules mentioned by Paula Bennett in support of the Loopy Rules review do not actually exist.

Folding on the TPP

Written By: - Date published: 7:02 am, September 23rd, 2015 - 39 comments

As last ditch efforts to pass the TPP continue, Key is softening us up to sign a bad deal. Coincidentally, two articles yesterday highlight the risks to NZ.

Is this what Key meant by investing in research?

Written By: - Date published: 8:56 am, September 22nd, 2015 - 32 comments

Yesterday Key listed, among the “achievements” of his government for this term: “investing in … research and development”. Was this an example of what he had in mind?

Economic doldrums

Written By: - Date published: 9:56 am, September 19th, 2015 - 16 comments

Two pieces this week on how National’s mismanagement of the economy has left us in the doldrums.

More Herald journalists sacked

Written By: - Date published: 3:39 pm, September 18th, 2015 - 67 comments

Very bad news for all those losing their jobs, commiserations to you. It’s a pretty heartless economy out there, and pretty soon there won’t be anyone left to comment on it. Consumers of celebrity gossip will still have it good though, so I guess that’s something.

WMBAD: The TPP

Written By: - Date published: 1:45 pm, September 18th, 2015 - 3 comments

The White Man Behind a Desk takes on the TPP.

Sale of Lochinver Station declined

Written By: - Date published: 12:58 pm, September 17th, 2015 - 38 comments

The government has overruled the Overseas Investment Office and turned down a bid to buy Lochinver Station. It’s the first time a bid for a significant landholding has been rejected since 2012.

The strip mining of Housing Corp is accelerated

Written By: - Date published: 10:16 am, September 17th, 2015 - 33 comments

Not only is Housing Corp planning to pay a $118 million dividend to the Crown this year but hidden away in its accounts is the payment of a further capital contribution of $336 million.  Talk about strip mining …

NRT: The Great WINZ ripoff

Written By: - Date published: 3:15 pm, September 16th, 2015 - 17 comments

I/S at No Right Turn on the WINZ underpayment fiasco.

Good question

Written By: - Date published: 9:22 am, September 16th, 2015 - 66 comments

sanders-poverty

This Government’s priorities

Written By: - Date published: 7:52 am, September 16th, 2015 - 37 comments

In recent news it has been stated that the Government has let Serco off fines totalling hundreds of thousands of dollars while at the same time it is sneaking through retrospective changes to the law to deny thousands of beneficiaries money they are otherwise entitled to.

Paid leave for Victims of Domestic Violence

Written By: - Date published: 1:18 pm, September 15th, 2015 - 40 comments

UPDATE  You can read the non gender specific Bill here

Making Like Private Frazer

Written By: - Date published: 1:20 pm, September 14th, 2015 - 20 comments

Political awakenings.

Guest Post – Hawkes Bay is GE free

Written By: - Date published: 9:41 am, September 14th, 2015 - 26 comments

A guest post by Ad on the Hawkes Bay’s decision to prohibit under its District Plan the release or the conducting of field trials of GM crops and animals.

Does the left win by tacking to the centre or by being principled?

Written By: - Date published: 11:40 am, September 13th, 2015 - 162 comments

Jeremy Corbyn’s election provides a further opportunity to discuss if elections should be won by  tacking to the centre or adopting a principled approach to politics.

Anti TPP ad (Australian)

Written By: - Date published: 10:06 am, September 13th, 2015 - 17 comments

An Australian TV ad on the downsides of the TPP – “We just received word that Channel 9 banned our new TV ad from airing during the evening news”

Warner Bros – corporate welfare beneficiary

Written By: - Date published: 11:30 am, September 9th, 2015 - 63 comments

Figures have been released showing that Warner Bros were paid NZ $191 million in tax rebates to create the Hobbit Trilogy.  The films were very profitable.  Why is corporate welfare for profitable activity tolerated?

NRT: Go on strike, get a police record

Written By: - Date published: 10:30 am, September 9th, 2015 - 4 comments

Over in the UK, the government is carrying out an unprecedented attack on employment and union rights in an effort to return things to their C19th utopia. Now they want to force striking workers to wear armbands and give their names to police as well. Presumably for blacklisting people exercising their rights.

Naomi Klein correctly calls Tony Abbott a Climate Villain

Written By: - Date published: 8:30 am, September 6th, 2015 - 71 comments

Naomi Klein recently visited Australia and amongst other things described climate change as a crime, criticised the Abbott Government attack on renewable energy and described the importance of grassroots action and indigenous rights.

Greens’ climate discussion paper

Written By: - Date published: 7:03 am, September 4th, 2015 - 122 comments

The Greens are attempting something remarkable, a plan that is economically credible, but set in the context of realistic environmental constraints. Did they succeed?

Market forces

Written By: - Date published: 11:17 am, September 3rd, 2015 - 70 comments

Rosemary Macleod on the flag and market forces. Danyl Mclauchlan on the refugee disaster, market forces, and Key. Is this our New Zealand?

2.1 Times More Likely to get a pay rise…

Written By: - Date published: 7:48 am, September 2nd, 2015 - 6 comments

If you still wonder WHY anyone would want to join a union, the fact that union members are 2.1 x more likely to get a pay rise might make you wade through the anti-union propaganda. Some unions escape scorn, like the Police Union which is referred to as an Association. It’s probably an oversight though, not anything deliberate…

Away with the economic fairies

Written By: - Date published: 7:02 am, September 1st, 2015 - 40 comments

The ANZ survey shows business confidence at the lowest levels since the financial crisis. Yesterday John Key insisted that it was “reasonably positive”. He was either completely wrong or lying through his teeth. Either way it’s unacceptable.

Regional Realities.

Written By: - Date published: 11:06 am, August 31st, 2015 - 133 comments

FYI. The most populous town in Clutha District is Balclutha, which lies 81km south of Dunedin by road. Balclutha’s population, by the 2006 census, was 4,062 (down from 4,137 in 1996). Other towns are Milton (pop. 1,887), Kaitangata (pop. 810), Tapanui (pop. 744), Lawrence (pop. 432), Owaka (pop. 327), Stirling (pop. 309), Clinton (pop. 291), Kaka Point (pop. 201), and Benhar (pop. 96). For a while in the 1980s Balclutha was New Zealand’s most wealthy town, per capita

Black Monday wasn’t so bad, John Key is worse

Written By: - Date published: 8:51 am, August 31st, 2015 - 37 comments

Black Monday on the casino Chinese stock markets wasn’t a particular problem for NZ. John Key’s short-term thinking government will be. Both us and our next biggest trading partner Australia are now heavily exposed to falling Chinese imports and falling commodity prices. That is going to hurt over the coming years.

Imagine if National had not sold the shares in our companies 2015 version

Written By: - Date published: 8:08 am, August 30th, 2015 - 55 comments

The latest financial reports for the privatised companies suggests that the New Zealand Government has lost in the past twelve months $470 million in dividends it would have received had it held onto the shares.