Daily Review 20/07/2016

11 comments on “Daily Review 20/07/2016”

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1. 1

   WINZ sent desperate families to illegal garages…

   http://www.radionz.co.nz/news/national/309070/winz-sent-families-to-garages,-crowded-homes

   …run by this woman.

   http://www.newshub.co.nz/nznews/predatory-property-managers-renting-out-auckland-garages-2016071917#axzz4Enb4NWQs

   This is what happens when you gut a public service and ask the remaining staff to meet arbitrary financial targets which have no connection to deteriorating social conditions on the ground.
   1. 1.1

      Also, a senior police officer is involved in this garage-renting racket.

      http://www.newshub.co.nz/nznews/senior-cop-owns-illegal-garage-rentals-2016072019#axzz4Enb4NWQs

      I guess he will use the Andrew King defence of speculators investors – ‘If we don’t buy the houses (and now garages) then poor people will have no-where to live’.
2. 2

   Horrible to read this but in doing so I was reminded by the steadfast refusal by some posters on this forum to accept that these things happened under US watch. According to these posters only Russia was capable of this sort of indiscriminate fire.

   http://www.stuff.co.nz/world/middle-east/82305227/us-airstrikes-in-syria-kill-at-least-56-civilians
   1. 2.1

      And I’ll add the following:

      41 terrorists targeted by US drone strikes ended up with 1,147 people killed, including scores of children.

      https://www.theguardian.com/us-news/2014/nov/24/-sp-us-drone-strikes-kill-1147
   2. 2.2

      John Key himself proffered the wisdom that civilians would probably suffer when Russia announced the intention of supporting Assad with air attacks. He never, of course, made any mention of civilian casualties from US air attacks.
      It cannot be easy, being so sleazy.
3. 3

   This is a screenshot of the way Stuff sub-editors view the housing crisis.

   http://i.imgur.com/ycCaJrQ.png

   Clearly they are speaking to one half of society, the baby-boom investing class, in crying “Beginning of the end?”
   1. 3.1

      You know I get to wonder if no one else but ‘baby boomers’ ever buys investment properties.

      Those daring young things under forty, for example.

      But, you’re edging closer: “investing class” – all shapes, sizes, ages and genders who are getting a wave-through because there’s all this endless waaahing about ‘boomers’.

      Be great if you’d be as persistent about the superannuation savings being ripped off by that same ‘investing class’. ‘Management fees’, they call it.

      And banks with interest rates lower than the rate of inflation. Poor old boomers. Conned again.
4. 4

   A very inspired show this evening. Spying… Yes even reading this means you are probably being spied on. If it wasn’t so sad, I’d be drinking.

   I’ll hunt out where the film is going to be shown and post that soon.

   Just a wee note, it was Good Catholic Workers who were the Waihopai 3. These fine men, did a good job for us all. God Bless them all.
   1. 4.1

      Here is a link for people in Auckland

      http://www.nziff.co.nz/2016/auckland/the-5th-eye/

      Dunedin

      http://www.nziff.co.nz/2016/dunedin/the-5th-eye/

      And Wellington

      http://www.nziff.co.nz/2016/wellington/the-5th-eye/

      These showing will have the directors doing a Q & A

      Other towns are included in festival, grab one of the links then find your town, to go have a wee gander.
5. 5

   Grant Robertson is good in this article but Winston is onto it again and wins the comments. He has the ability to put a clear statement out to the media. Genter is too timid right now.

   http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11678189

   Also, Winston is so right in when he says offshore buyers will never be deterred. NZ is a cheap bolthole for these people and the ghost houses they keep in Auckland cost them nothing while costing NZ society a lot.

   “Those who have bought it as a bolthole to come here or to secure their money from offshore interference, they won’t be stampeding. The motivation for them is different from the motivation for a normal investor.”

   The following from today shows that houses in Auckland are being bought by offshore wealth as safe places but which lie empty for all but a few weeks of the year.

   http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11677989
6. 6

   ON THE LUNACY OF CURRENT MAINSTREAM ECONOMIC POLICY

   I found this article on Zero Hedge to be quite “thought-provoking” – especially the bit quoted below:
   http://www.zerohedge.com/news/2016-07-20/worlds-central-banks-are-making-big-mistake

   (Quote) “Something has to give:

   Debt is future consumption brought forward. Once debt is incurred, consumption that might have happened in the future won’t happen. And it should come as no surprise that at a certain debt level, growth and income begin to diminish. That is exactly what we are seeing in the real world.

   There are basically two categories of debt: debt used to purchase or create productive activities (like tools for a carpenter or a new factory for a business) and debt used to consume.

   We forget that debt used for consumption doesn’t create new supply. It simply pulls supply forward in time. The problem is that debt can’t do this forever. Pulling your consumption forward to the present means you will consume less later.”

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