An Advantage New Zealand conference at SkyCity is the centre of major PR for John Key-backed, big oil exploration in NZ. While promoting and backing each others’ destructive profiteering, and endangering NZ’s environment, they are nurturing their networks of influence over expensive dinners and on the golf course.
Aotearoa is Not for Sale is counting down to the National Day of Action this Saturday 27 April. Now is the time to support NZ (People) Power & say there are alternatives. Get your banners & placards ready, polish up your chants and slogans, and get ready to make some noise. [Update: added poster][Updated posting time to move it to the top today] Update – AKL photos]
So, John Key, Bill English, and Steven Joyce are now devoting all their energy into trying to stop the asset sales programme collapsing after the Greens and Labour gave notice the excessive profits are going to end, and National confirmed they’re for real by suspending the sale. While the government’s wasting its effort on that, real families are suffering.
The government announced about an hour ago, that it has suspended the share offer for Mighty River Power until tomorrow, while it devises a supplementary disclosure in the light of the Labour-Green NZ Power policy.
You know it’s getting near time to go.
In Saturday’s DomPost, Chelsie Preston Crayford shows what she thinks of John Key and asset sales.
Aotearoa is Not for Sale is counting down to the National Day of Action this Saturday 27 April. Some people have explained why they will be joining the Day of Action on Saturday. Why do you support action against asset sales? What are the alternatives? [Updated: details of actions around NZ]
It is absolutely essential for National that lots of ordinary Kiwis buy Mighty River shares. Is that why, as Rod Oram found, there’s no independent advice available to ‘mum and dad’ on the size of the risks? National must have such advice, but it’s keeping it from the public and beating the ‘buy, buy, buy’ drum instead.
The Key government and its allies are playing the “red scare” gambit, the Greens get to the heart of the reason for NZ Power, Parker goes Third Way, while Bernard Hickey and Matt McCarten weigh in to support the (alleged) “socialist” NZ Power policy. Bomber Bradbury adds some words of caution. [updated title]
John Key says that the Labour-Green Power policy is “barking mad” and will take people back to the power cuts of the 1970s. Another John Key brainfade, or just being “clueless”? I look at power cuts and fuel poverty since the 1990s.
Spooked by tomorrow’s joint announcement by Labour and the Greens on policy to cut power prices, National is trying to claim they have solved the problem. Get real. In the past year, household electricity prices rose an average of 5%, that’s over six times the rate of general inflation. By my reckoning, the average power bill has risen 16%, or about $300 a year under Key.
The Greens and Labour are planning a joint announcement on their policies on power prices. Both parties want to bring down costs of electricity. The policies of the two parties will also have some differences. How will it mesh with Green Party policies on sustainability?
Labour’s put out a release saying power prices are too high and “signalling that the future Labour Government will make changes to the sector so that New Zealanders considering purchasing shares in Mighty River Power, which go on sale tomorrow, are aware of that before investing”. In other words, ‘we’re gonna cut power prices, and the electricity companies’ profits will be hit’.
National’s 3 quarters of the way through its time at the crease now. And what has it achieved? A record debt pile. 300,000 jobless. 100,000 underemployed. Rising poverty. 1,000 a week fleeing to Australia. A new housing bubble. A record high dollar that’s killing our businesses. And falling household incomes. A list of articles on Stuff sums it up.
… for her major contribution to my political education: of the need to combat the extensive, destructive power of the “neoliberal” elites. I lived in London during the entire time Thatcher was prime minister. It was a time of major change; of political activism; of hope; of disillusionment.
Bill English has just admitted to Breakfast (good questioning by Nadine Chalmers-Ross) that the looters’ bonus on Mighty River Power will cost around $40m. You and I can think of many valuable things this government could be doing with $40m, rather than giving it to people who already have thousands in the bank. But that number also tells us something.
Analysts are apparently ‘not worried’ about the impact of the increasingly likely-looking closure of Tiwai Point on the price of electricity and, hence, on the value of the assets National is trying to hock. A 12% reduction is all one analyst sees in Mighty River’s price is Meridian floods the market with some of the cheapest power going. The analysts have missed the politics.
Our “let’s make a deal” PM is outclassed on this one. I actually have some sympathy this time, the government is between a rock and a hard place. But while most of us worry about Southland, I suspect the Nats’ concerns will be a little closer to home…
So much for all this propaganda about the asset sales being all about deepening markets here and giving Kiwis a chance to invest. When it came to building the website for the pre-registration, where did the Nats go? To Aussie. They got an Aussie company to build the site, saying Kiwi companies weren’t up to it. Cause, you know, the site is soooo secure and all.
The Keep Our Assets petition will be submitted today at 12.30 at Parliament with approximately 400,000 signatures. It is the largest petition in New Zealand history. The referendum that will follow will test National’s mandate for asset sales – clearly and unequivocally. Well done to the thousands of collectors and all the signatories. National – stop the sales and listen.
Analysts are talking about risks of investing in Mighty River Power in the media today. Weather, electricity demand, overseas expansion. I’ll tell you what would make me think twice: everyone acknowledges the power companies over charge. Right now, the government has 400m reasons a year not to do anything about it. But that’s about to change.
John Armstrong may think that “the question now – as far as most people are concerned – is whether Mighty River Power shares will be a good investment,” but Scott’s been out there to find out what ‘most’ people really think…
It appears that someone in the government is leaking private information from the asset stripping of SOE value. Serious questions are being asked about how a sharebroking firm managed to obtain the details of a woman who’d just registered her interest in buying Mighty River Power shares. Is there a kickback system in operation? Perhaps to help fund the exorbitant upfront costs of sale?
National’s going to spend a million taxpayer dollars just on advertising trying to convince Kiwis to sign up to buy something we already own and just in the ‘pre-registration’ phase of the Mighty River sale. God knows what the full cost of the sale will be. They’ve wasted $26m already and seem determined to keep throwing good money after bad while ignoring Kiwis’ howls of protest.
Prepare for the government’s million dollar asset sales ad blitz…
The Greens have revealed that National has spent $26m on asset sales so far. They haven’t even sold anything yet! They haven’t even really begun the sales process! And they’ve wasted $26m of our money. The bill’s going to get a whole lot longer if the sales actually go ahead. There’s $106m budgeted for the sales and huge unbudgeted costs like the looters’ bonus
The Greens, I’m in for the Future, is a promising initiative. The Greens’ focus on Auckland transport will be a great start. To end the “neoliberal” dominance, it is necessary to apply pressure from below. What can we learn from Canadian anti-“neoliberal” groups like Common Causes & Idle No More? [Updated]
Labour’s 2012 Kiwibuild policy has focused on building homes for first time buyers. Now we are told Labour’s 2011 policy pledging to increase the state housing stock still stands. This raises many questions: including do-ability and the Labour leadership’s continuing (neoliberal) focus.
Many want Shearer to break with neoliberalism, clearly state his politics and a new political direction. He became leader with a compelling, but worryingly selective, back-story. Party members want democratic participation. What of consensus-building, coercion, public services, social security, TPP, PPPs, state assets, sustainability?
The next round of secretive TPP negotiations is in Auckland next week, 3-12 December. John Key will be lovin’ it! A National Day of Action & world wide protest on Saturday 8 December, – it’s about NZ independence, economy and sovereignty. Update: protest events 3-8 Dec
Today is Housing Crisis Day of Action with a march on parliament in Wellington (see Facebook page). The government’s plan will benefit private developers and property speculators, and involves risks of “cutting red tape”. Instead, they should be building more state houses. Updates: General Debate. John Banks heckled by protesters.
The Nats have decided to try to lean on the judiciary to get asset sales handled the way they want. The Judge is ‘Red Ron’. The Court shouldn’t try to decide water rights at a level of general principle. The Maori Council mustn’t get legal aid. The case should be kicked straight up to the Supreme Court and settled before March. It’s not working. It’s not going to work. And the costs are mounting. Updated
As expected, the High Court advised today that the government should hold off sale of Mighty River Power. The government is complying.
Paid Parental Leave, Charter schools, compulsory early childhood education for beneficiaries: for NAct it’s all about money, and they use ‘shonky’ figures to justify their ‘shonkey’ policies and vetos. This is ostrich and patriarchal behaviour, ignoring the evidence of the wider benefits to communities and society of good quality child care, education and Paid Parental Leave.
Public trust in the police is at a new low. But what of the trust in our government? How much collusion is there between the police, government, spy agencies and foreign governments? However, citizens are also using the technologies of the surveillance society to hold the government and state authorities to account.
Treasury is trying to tell us that private power companies don’t charge more than SOEs to justify privatisation. Of course, a moment’s thought tells you that private owners, with higher costs of capital, need larger profits than public ones. And private owners always complain the SOEs don’t charge enough. Moreover, Treasury’s spin is a complete fail.
