Not content with selling your assets off, National has put aside $120,000,000 of your money to tell you that you should like it.
And, just to add more salt to the wound, Bill English has described the cost as “low by market standards”.
I chuckled to read Fran O’Shillivan on Sunday: “John Key has made a strategic decision to burn some political capital and front-foot major Government decisions” – yeah, all those major decisions: $1m for contraception, ‘tackling cyber-bullying’, a petty pokies for convention centre deal, even their centrepiece policy – asset sales – won’t benefit the economy a jot.
Remember when John Key said that rebuilding Christchurch wasn’t just that city’s challenge, it was New Zealand’s challenge? Yeah, well, now Gerry Brownlee and Bill English are pressuring the council to sell off its assets to pay for the rebuild. Green figures show the madness of that. This is a 20-year rebuild. The dividends over that period are more valuable than one-off sale revenue.
Despite keeping prisoners in prison too long and an escape, Serco’s private management of Auckland Remand has been judged a success by the Government because it has met all the standards set for it. Sounds reasonable. Until you look a layer deeper and discover that the standards Serco has to meet are much worse than what Corrections already achieves.
The Nats say they won’t sell more than 49% of our energy companies and AirNZ. As if that’s a good thing. As if it doesn’t carve a $100m per year hole in the budget. But, it turns out its worse than that. The Greens have discovered that every power station in the country is a wholly-owned subsidiary. After privatisation there will be nothing to stop them being flogged off one by one.
The Aotearoa is Not For Sale hikoi departs from Te Papa for Parliament at midday today. There has been great turnout in towns and cities all over New Zealand. Join in if you can. Also, remember to sign the Keep Our Assets petition and get involved (via Labour or the Greens) in collecting signatures. We can still save our assets.
According to 3 News, Kim Dotcom paid cheques into John Banks’ campaign account in Queenstown. Duncan Garner says this would show up on Banks’ bank records as “anonymous”. So how did Kim Dotcom get TeamBanksie’s account number? Two days after he had had a lunch meeting with Banks.
More questions for the Police to ask and Banks to answer.
Campbell Live showed us pictures of the Cheques by which Kim Dotcom’s company Megastuff made donations to Team Banksie 2010. How can John Banks argue that the two donations of $25,000 from Kim Dotcom’s company Megastuff Limited are anonymous when the company name is on the cheque? You could look up their address on the website. Game over, John and John.
David Cameron’s defence of embattled Culture Secretary Jeremy Hunt has been called a “firewall” that’s failing to hold.
Cameron needs Hunt to stay or else Cameron is the next to go. It is the same for John Key.
As the stench of corruption around John Banks grows, he desperately needs him to stay or else all he loses legitimacy for asset sales and potentially his majority on the issue as well.
Party donations for the 2011 general election will be published on Tuesday . One new provision in the Act provides for the declaration of the number of donations in two bands; $1500 to $5,000, and up to $15,000. It will be very interesting to see the number of upper level donations in National and ACT particularly. They could hide Banks-type split donations from asset-sale backers.
Lots of people… get down to Britomart.. Mind you Britomart is filling up rapidly. They need a few more megaphones by the look […]
The wording for the citizens-initiated referendum has been approved. Now, we just need to get 300,000-odd signatures. The petition form is here but the Keep Our Assets Coalition needs more than your signature, you need to help get signatures too. The Greens and Labour are signing people up for the campaign. Rallies in Auckland and Nelson today as part of the Hikoi. Official campaign launch: Wellington, May 10.
The Finance and Expenditure Select Committee got to hear 30 more submissions – all opposed – on the MOM bill. 1400 submissions, almost all against, but no sign the Nats are listening. Big March in Auckland tomorrow to shout it louder.
Molly Melhuish was one of dozens of oral submitters on the Privatising Your Assets Mixed Ownership Model Bill yesterday – all opposed. Her research shows the average price of power from a private provider is 3.31 c/kWh higher than from an SOE. Contact Energy’s boss says private investors need prices to rise even more. The implication is privatisation will remove the shackles.
The Finance and Expenditure Select Committee hearings into National’s “Mixed-Ownership Model” Bill (aka Asset Sales) have begun in Wellington, with the vast majority of the more than 600 submitters to the select committee process opposed.
When it comes to doing dirty deals with a casino, selling our law so that it gets a convention centre and more profits from gambling addicts, National’s willing to die in a ditch. But when there was an opportunity to save and expand our high-tech, high-skill manufacturing at Hillside simply by requiring government bodies to consider the costs and benefits of their actions on the whole country, not their narrow corporate interests, National did nothing.
Join the Hikoi against Asset Sales, 24 April – 4 May. If you’re anywhere near Auckland on Saturday 28 April, be at Britomart 3pm to send a message against this Government’s Asset Sales.
The Right says selling all our stuff and letting the profits flow offshore is great. At least $2b of the asset sales programme will be bought by foreigners. But does overseas investment actually provide the benefits it claims? We don’t know because the government doesn’t monitor the outcomes. The Nats’ obsession with selling our stuff is ideological, without any evidence it’s good for the country.
The Nats promised to sell no more than 49% of any given state owned assert. Now they’re trying to get cute with semantics and effectively remove all limits.
Unfortunately for them their previous promises are on record and very clear. Hey Peter Dunne – are you going to vote for this latest lie?
Against the will of the Fonterra farmer Shareholder’s Association, National is trying to destroy Fonterra’s cooperative model on vague grounds about access to capital. The end result will be the one world-leading, world-scale company we have, which brings in 20% of our export earnings, will start sending it profits offshore. David Cunliffe makes the case passionately and eloquently.
Kiwis oppose asset sales two to one. And they will only happen if one man, Peter Dunne, votes for them to happen. Dunne was too cowardly even to speak to TVNZ on the issue last night. But you can still make him listen. You have 10 days left to make an online submission to the select committee here. It’s a two minute job – just tell them that New Zealand isn’t for sale.
Friday 13th (April) – a scary day as submissions close on 2 major government bills. Make sure you get your submissions in on the Mixed Ownership Model Bill and the Social Security (Youth Support and Work Focus) Amendment Bill.
ACT-crony Catherine Isaac will head the implementation of the government’s unmandated charter schools programme. Isaac has no relevant expertise to justify this appointment. She has been given the position (and a generous public salary) solely on the basis of ideology and party affiliation. That is not how our public service is supposed to work.
1,200 prison beds, 1 in 8, are empty plus the 1,300 bed reserve. Prisoner numbers are projected to keep falling. So, why are the Nats spending a billion dollars on the Wiri private prison? And where will they get the prisoners? By closing existing public prisons. Rather than upgrading what we have more cheaply they’ll let a foreign company make a profit off locking people up.
On the 1st of March a community group called Ohariu People’s Power established a Citizens’ Select Committee. This committee wants to hear the opinions of the New Zealand public on asset sales and the Trans Pacific Partnership Agreement (TPPA). They’re taking submissions including oral submissions on Thursday for a report to Parliament.
National has backed down from privatising ACC’s work account. To make it work, they were going to have to pump up ACC levies and make it pay a dividend to the Crown to make prices high enough for the private sector to compete. A sign of how weak the government is that they couldn’t push this through. Problem is, the same logic applies to asset sales.
He must resign. Surely. Here is Key, speaking to the PSA in 2008, making very specific promises about public service jobs, tax cuts, and asset sales that helped him get elected. Promises he has since broken. There’s no excuse. He wasn’t blind-sided by events. He made these promises never intending to keep them. Key is refusing to comment but if the man has any ethics he’ll resign.
“What the public of New Zealand really do not like is politicians who say one thing before an election and do something else after it. And I invite every member of this House to look at every statement United Future made prior to the election and every statement subsequently and try to draw a difference” – Peter Dunne. As they say, yeah right.
David Cunliffe turned his sights on Peter Dunne in the first reading of the Mixed Ownership Bill, pointing out that Dunne has the single vote that determines whether asset sales happen or not. Dunne didn’t like the pressure. He looked close to tears in his response. Let’s keep it up. He’ll crack. What else would he do for a job after 2014 if he votes for asset sales?
Does anyone have a job for a 60 year old? Work experience: 7 years on the Alcoholic Liquor Advisory Council (maintains strong industry relations), revenue minister with 3 governments (4-time winner of least memorable minister award), & member of 4 political parties (proven flexibility). Cause, after voting for asset sales, Dunne’s going to need a new job in 2 years.
Yesterday Shearer asked Key: “Is it correct that … half a dozen foreign investors could legally purchase all the listed shares?”. Key answered “No … the limit is 10 percent, 6 times 10 is 60, and the Government is keeping 51 percent”. Armstrong thinks that Key slammed Shearer. But of course 6 can buy 49% when there’s a 10% cap. Key lied. Armstrong can’t even recognise a breach of privilege in front of him.
A petition for a citizens initiated referendum is to be launched by a coalition led by Grey Power, the Greens and Labour. I would kick off with getting every activist in Wellington to do blanket coverage of Ohariu. This is going to be a massive thorn in the government’s side. If I was Key, I would almost be praying Dunne decides to go against the legislation
The Nats have announced their asset sales legislation. Mum and dad aren’t at the front of the queue. No provisions to ensure 85-90% stays in Kiwi hands. Nothing to stop the companies being sliced up and sold after partial privatisation. No real way to stop one company owning more than 10%. There’s 1 vote that can stop this. It’s all down to Dunne now. Will he be the hero or the villain?
Remember the hagiographies after the first hundred days of National’s first term? In the second term, things couldn’t be more different. The Sunday-Star Times has printed dozens of emails it obtained (a leak?) that were sent to Key opposing the sale of Crafar farms. Many of them are brutal comments from former National supporters. Key didn’t even provide comment for the article.
So, National wants to re-assure us that, when they sell our assets against our will, they’ll keep 51% and control. But, um, minority shareholders have rights and private boards have to maximise profits ahead of the national interest. If they decide to sell off the dams later they can, and the Nats won’t stop them.
