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The New Republic has a good article on Keynes that points out the tendency for governments (specifically in the US) to flock toward Keynesianism during the bad times and ignore it when things pick up and to implement the facets of Keynesianism that suited their…
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In 2007 Te Ata Tino Toa applied to Tranzit New Zealand to have the Maori Sovereignty flag flown on the Auckland Harbour Bridge on Waitangi Day. Tranzit declined permission on the grounds that it wasn't a UN recognized national flag, despite having previously flown the…
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Nicked from the Hand Mirror, who got the story from No Right Turn - hattips all round: Next week Iceland's going to get not only it's first female Prime Minister, but also the first openly homosexual leader in the world. And apparently the Icelanders are…
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Last night, I heard something worrying. It was Gareth Morgan saying he can't 'see through' this recession; that he can't see the economic mechanism that will turn things around and get us growing again. He had already dismissed interest rate slashing and stimulus packages as…
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Last year, we had The Standard Week as a regular feature on a Friday. We might resurrect that if there is popular demand but, first, I've been talking with some of the others and we want to try out a new Friday feature . Every week…
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Our economy depends on other key resources apart from oil. For instance our farming sector still depends heavily on using phosphates to increase soil fertility. Since our farming sector provides at more than half of the export income, it got a little disturbing to read…
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I see that over at Kiwiblog DPF is hawking an Air New Zealand viral advertisement. Now DPF has had at least one junket from Air NZ and the airline is well known for its gifts to journalists and media outlets (mostly in terms of free…
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I attended the Pacific Islands Forum in Fiji back in 2006. The shadow of Bainimarama's approaching coup hung over the forum but it wasn't enough to quell the heat as we sat in our ridiculously ill-suited suits through endless, pointless meetings. Nothing was achieved and…
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Despite very serious allegations from former Sanlu CEO Tian Wenhua that an unnamed Fonterra board member influenced her decision to not cease production of milk powder known to be contaminated, on RNZ's Checkpoint Fonterra Chairman Henry van der Hayden was adamant Fonterra would not be disclosing documentation…
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In response to U.S. President Barack Obama's review of the proposed U.S. missile defence system in Eastern Europe, Russia is scrapping plans to deploy nuclear capable Iskander missiles in Kaliningrad, just north of Poland. The Guardian reports: Obama has not yet decided whether to press…
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Another review of the Official Cash Rate, another record cut. This time, it's a 1.5% cut bringing the OCR to 3.5%. That's the lowest rate since the OCR was introduced in 1999. Good news for those with floating rate mortgages (not so good for the 80% of mortgagees…
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Surprise, surprise, it's Garth George. "The economic situation is without a doubt the most urgent of predicaments to be dealt with, but so far this year all John Key and Co have offered is a talkfest scheduled for next month. Now we all know that…
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Word is Tony Ryall is feeling a bit burned over the herceptin funding. Turns out the private specialists needed to administer the treatment are going to cost a wee bit more than he expected. That's right, the scheme has been locked into legislation without being…
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Jordan Carter's long-running Just Left has become a group blog with several new contributors. Jordan explains: The logic is simple. Some of the best blogs and spots of political writing out there now (Hand Mirror, Pundit, PublicAddress, The Standard) are sites with more than one…
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Danyl at The Dim-Post has been indulging in his favored pastime again - satire. In this case Cabinet expresses concern over missing PM is about John Key going missing all of the time. Danyl compares him to a pooch avoiding something... Finance Minister Bill English…
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Parents around the country are counting down the days until school starts for the year - but for some the NZHerald had some alarming news, stating "cuts in government funding [from MSD]could force 24 after-school care programmes run by Kidicorp to close....The after-school School's Out…
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Today on Radio NZ, Health Minister Tony Ryall's razor gang for the health sector was discussed. One of its proponents argued there was bound to be bureaucrats to cut, problem is there is insufficient measurement of productivity. He said Stats NZ should invest in measuring…
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"It's important that I get an Australian perspective on the unfolding international economic situation, particularly the impact of a slowdown in China and Asia," Mr English said. It's a little concerning that this is the man charged with avoiding redundancies.
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National's two main internal factions consist of the Conservatives, and the Neo-Liberals. Overall the Conservatives want to keep things pretty much as they are, and with such an inspiring reason for being it's hardly surprising their star has waned over the last couple of decades.…
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As we reported on Monday, the Cabinet is set to review the minimum wage. The Labour Department recommended maintaining its purchasing power by increasing the mw from $12 an hour to $12.50. Labour Minister Kate Wilkinson will propose keeping it at $12, a cut in…
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It seems that Irish millionaire Tony O'Reilly won't be solving his debt problems any time soon. O'Reilly is desperate to be shod of his major shareholding in APN "which publishes the New Zealand Herald and is the largest radio and outdoor advertising operator in Australasia".…
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Conservatism is all about maintaining the status quo. It assumes that the status quo is essentially ok, while change is best avoided. The idea comes from philosophers like Edmund Burke who figured the reason conventions and structures get to endure in the first place is…
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We have received information that National's plan to change the definition of 'environment' under the RMA in their 100-day legislation roll out will consist of removing the legal protection of a range of important parts of NZ's environment, such as eco-systems, amenity values (e.g. the…
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After losing their last four seats in the Senate after Australia's 2007 election, the Australian Democrats are trying hard to stay relevant and in the public eye. They see their fortunes resting on the party's founding mantra to "keep the bastards honest". So they've translated…
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I've meaning to write a wee post thanking Young Labour for inviting me along to speak at their Summer School the other weekend. I'm told it's a bit of a tradition at these summer schools to have some speakers from outside the party to give…
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In the Bay Report in December 2007, John Key was quoted as saying "we would love to see wages drop". Inexplicably, the media at the time refused to accept the report of their small town colleague. Instead, they accepted Key's various, contradictory excuses - 'I…