Daily Review 16/07/2015

Written By: notices and features - Date published: - 15 comments
Categories: Daily review

Foreclose on banks not people

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15 comments on “Daily Review 16/07/2015”

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    1. 1.1

      Well, this is where the government should step in, fire Serco and fine them for breaking the contract. Won’t happen though. Instead we’ll get a report in a few months telling us it’s all hunky dory.

  5. 5

    “Worldwide population growth is the solution our Government is waiting for to solve the dairy price fall.

    Global prices plunged over 10% overnight, with whole milk down even further, at 13%.

    Primary Industries Minister Nathan Guy says the market is currently flooded by oversupply, but natural forces will take care of that.

    He says the world population is expected to grow to nine billion by 2050, and even in the next ten years, the population will increase by one billion.
    Primary Industries Minister Nathan Guy says the market is currently flooded by oversupply, but natural forces will take care of that.

    He says the world population is expected to grow to nine billion by 2050, and even in the next ten years, the population will increase by one billion.”
    http://www.newstalkzb.co.nz/news/business/global-dairy-prices-plunge/

    !This type of thinking speaks for itself!

    1. 5.1

      Population growth has always been the capitalists fall back plan. Profit cannot be sustained if the population isn’t growing thus they actually need population growth which is, IMO, why the politicians have been saying for years that people have the right to have as many children as they please.

      Fonterra Cuts Jobs as Milk Rout Threatens New Zealand Growth

      “If you thought dairy prices were ugly before, they are horrendous now,” Bank of New Zealand Ltd. analysts including head of research Stephen Toplis wrote in a note. “It will hit New Zealand’s economic growth, lower the terms of trade further and widen the current account deficit.”

      NZ’s ‘rockstar’ economy is now feeling the effects of the overdose of milk powder that we’ve been binging on for the last few years. We’re well and truly into the collapse now and it’s ain’t gonna get better any time soon. In fact, if we try to maintain a capitalist economy it won’t get better at all.

  6. 6

    I have long posited that the political party that removes the main incentives for “residential property investment” and allows “owner occupied houses” to avail themselves of those incentives would win the next election.

    To wit:

    Remove all incentive for residential property investment to claim interest, maintenance, rates and insurance as an offset against their annual income.

    If people wish to invest in residential property, they should not be treated with special favours. This means, no tax on the rental income (unlike now), but the flip side is that they will not be able to claim interest, maintenance, rates or insurance deductions or offsets.

    Then, allow for “first home buyers” – and this can easily be linked to those who use their kiwisaver funds to purchase a first home – a maximum annual net benefit up to a certain $ value, say $20K or whatever, on which they can claim a YEARLY deduction against their income.

    This means those first home owner occupiers could claim on interest, rates, insurance and maintenance, up to 20K p.a if not less, and this would certainly assist in them being able to pay off their mortgage, as well as allowing the banks to factor this in as “income”

    Remove the incentives for the landed gentry, and the rentier class might move up.

    It’ll be a brave party that will do that, but it’ll the right party for the times.

  7. 7

    1655/senators-up-arms-over-state-department-plan-to-deliberately-ignore-malaysian-mass-graves-just-to-get-tpp-deal.shtml

    The push for the TPPA increases.

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