New author Mandy Hager joins us with some reflections on having become a grandmother: “So that’s why I’m speaking out now, every opportunity I get. Not because I like the exposure (shudder), but because I love this tiny little person and I will fight for his future, come what may. It’s the right thing to do. …”
A last-minute, urgent appeal from Phil Twyford – oppose the sell off of state houses – today!
I miss Fred Dagg – John Clarke’s latest is a purler. “New Zealand … is an egalitarian nation made up of well over four million rugged individualists and naturally gifted sportspeople and is run on alternate days by the government and whoever bought the national infrastructure.” Read, laugh and weep – he might be gone but we’re not forgotten, and thank God for that.
Kevin Hague says, the government’s plan to replace state housing with “social housing” will make the affordable housing crisis worse & is “economically reckless”. The Labour Party have circulated a petition to save state houses from being sold by the NZ government.
The stage was long ago reached where members of the US Government were told they should “wear their sponsors logo’s on their shirts”.
Is Key planning to flog off state houses at half price to a liquor company?
The entirely predictable effects of privatising much of our electricity generation capacity are arriving thick and fast.
The SST this morning have broken a story about how an American couple were able to purchase $1.6 million worth of shares in Genesis while “mum and dad kiwi investors” had their share allocation limited to $5,000.
If the aims of National/ACT’s education policy were, genuinely, to to improve the learning, education and career choices for our children, including the ones that are failing at present, they would not be following policies which have signally failed to achieve any of these goals, anywhere else they have been tried.
How to make your very own New Zealand Prime Minister. Even better looking than this vessel.
The more that National publicly adopts “left wing” “socialist” party policies, such as “free” medical care for children under 13, keeping the retirement age as it is, and balancing the budget, the more they rise in the polls.
India has a new leader following recent elections. Narendra Modi has some strange ideas on Labour laws unfortunately and thinks that Indian workers have too much protection.
Phil Twyford has exposed the government’s asset-stripping approach to running down state housing, while favouring of private & overseas entities. The Greens & Mana have strong policies for increasing the amount of state housing. Still waiting for a commitment from Labour.
That’s how much National gave away today, by setting the price too low on Genesis. They were scared that they couldn’t attract enough […]
A government is carrying out a crash-program of privatization without a mandate. It is desperate to sell, so it sets the price of the shares artificially low, and loses $1.5 billion in a single day. No, this isn’t New Zealand (yet) – its the UK:
Tomorrow Today: Support the important Day of Action across NZ against the TPPA – the TPPA is anti-democratic, pro-corporate & will make life harder for ordinary Kiwis; Support the NZEI demonstrations in Auckland & Wellington, for a living wage, for an excellent public education system, against poverty that undermines education. [Update: photos & reports]
The Government is continuing with the Genesis share float. Shares with an anticipated yield of 15% are being sold to pay off debt on which interest at 5% is being charged. What sort of economic lunacy is this?
Mai Chen argues that the current review of Auckland Council CCOs will put them on a tighter leash. Tony Holman argues against the whole CCO set up: it’s a trojan horse, 2 step towards privatisation of Auckland assets. Aucklanders need to have their say. Vote out Team Key to prevent such sales.
Not the bright young man who has to be paid a million dollars to come to work. The new broom, who fixes what ain’t broke, cost cuts, asset strips, takes his share options, and leaves.
Just what schools need. More of this approach.
The NZ Herald has a long history of opposing Maori resistance and supporting colonisation. It has always been right wing with a strong commercial focus & MO. Yesterday it censored news of Waitangi Day protests. Today an editorial spins in slippery style, for the Govt’s failing PowerCo sales.
Paula Bennett’s punitive welfare reforms are bad enough (pressuring people into unsuitable work, or off benefits without alternative support); then there’s privatising the scheme by outsourcing enforced work placement to private companies – worse still, to overseas corporates. Devaluing & dehumanising people, communities, & nurturing activities. [Update: APM conflicts of interest]
So according to John Key, turnout in the referendum is so low it doesn’t mean anything to him (despite his government working hard to get turnout down). But he reckons it does mean David Cunliffe needs to promise to buy back the assets..?
The Government are lowering their lowest estimate for how much they’ll raise from asset sales. They’ve done a terrible job implementing a stupid policy – if you’re going to put your ideological blinkers on and do it, at least do it right. Now it must stop.
The National government is destroying NZ’s state housing system. Right of tenure removed, a shift towards private provision of “social housing”, housing campaigners marginalised, & Tracy Watkins crowing about the shift from the “welfare state”. Greens & Mana are for more state houses. And Labour? [Update] Picket of (Nat) Party for the Rich Dec 8 Akl. NZH article.
Labour’s new KiwiAssure policy has been welcomed by John Armstrong as good politics. And it is. But it’s also good policy – at the same time we’ve got a government hell bent on making sure electricity profits flow to overseas investors, David Cunliffe’s policy is about giving Kiwi’s the ability to ensure that any money made from their insurance stays in the country and pays for hospitals, schools, and New Zealanders’ retirement.
Well known mum and dad investor the Bank of New York Mellon Corporation has accumulated 8% 4% of Meridian Energy’s shares. And the Dominion Post editor has described the Government’s asset sales programme as “an unmitigated disaster – so disastrous it borders on economic vandalism”. Who feels a whole lot of “told you so” coming up?
John Key has just admitted that Ministerial and Treasury oversight of Solid Energy was not up to scratch but suggests that external analysis would have provided a lot more accountability. Oddly enough I had always thought that it was the job of the relevant Ministers and their advisors to provide oversight. And he has hinted at the privatisation of TVNZ and NZ Post …
Meridian’s share price appears to be under value and will no doubt ensure that shareholders reap an early bonus. With a rate of return of over 10% for the first year you have to wonder what economic genius decided to sell shares to pay down debt with an interest rate of half that amount.
Over in the UK the tories there have engaged in a similar exercise where Royal Mail was sold under value and shareholders watched as their shares went up in value by over 60% in a month.
I wonder if Key and English have been receiving lessons from the Tories?
The Government has announced the results of the Meridian Share float and the results are all bad. The country will receive up to $1.1 billion less than the shares were worth in 2011 and overseas entities will own 13% of the shares. Remind me why we are selling the shares ?
If you weren’t paying attention you could easily miss the fact that Meridian shares are opening today. that’s because there’s been a lot less mainstream hoopla about it than there was with the sale of MRP. Despite the face there’s been a whole host of taxpayer funded sweeteners attached to the deal.
Hey John, how much public money are you going to pay the wealthy to “buy” our assets? (And how just desperate are you…?)
Labour have OIA’d a Treasury list of where the money from Asset Sales has gone. Hint: it’s mostly not schools, hospitals, or paying down debt like National said.
Yesterday John Key gave $30 Million of tax payer’s money to Rio Tinto in order to prop up its electricity deal with Meridian – and thus to prop up his privatisation ideology. Mighty River Power shares took a hit. Smart investors getting out?
It has been obvious that some people live in a different world than the rest of us. One where Chicago school economics, work! […]
A new report on the UK government’s outsourcing of public sector work is damning. Necessary and basic work to fulfill individual and social needs, (eg social security, unemployment, health care, education) is being “gamed” and scammed by monopolistic private contractors. Key’s government favours outsourcing to private profiteers.
The eight week window to gather more signatures for a referendum on asset sales is now over, and the new signatures will be presented to Parliament today. Lots of them…
