Water ownership – first principles

When you have the legal power to control aspects of how something is used, those are property rights, and when you have the legal power to exclude use of something by someone -for instance, by allocating exclusive usage rights to someone else – that’s ownership. The Crown allocates water rights, ipso facto, the Crown believes it owns the water.

One RoNS down

The Government has binned part of the Northern Wellington Corridor ‘Road of National Significance’ – the four-lane expressway between Otaki and Levin that would have cost $400m. The government’s not getting enough road tax revenue and they had already cut all other transport funding to the bone – so something had to give. But it’s just the start.

Police cuts

So the plan to screw down police wages isn’t working, and National are having to keep going with their other approach.  But not everyone is taking death by 1000 cuts lying down.

Labor Right v Greens

This weekend the NSW ALP Conference and the New Zealand Labour Party Council will both debate and decide proposals for reform. Prospects look decidedly better on this side of the Tasman for internal reform as well as for relations with the Greens.

Key’s comments a blank cheque for investors

Now, I’m no big city lawyer, but it seems to me that John Key may be walking on some mighty thin ice by telling prospective investors in Mighty River not to worry about the Maori Council’s water claim. If it goes wrong, isn’t he exposing himself (actually, us taxpayers) to some major law suits and very expensive damages payouts?

Cute with semantics on water

John Key has been running round repeating that no one owns water. He’s just being cute with semantics. What is the effective difference between owning water, and owning water rights?

Climate change causing (another) food shock

Climate change is causing the world’s temperatures and seas levels to rise but this isn’t a steady process. Instead we see more frequent and more extreme weather events. The record-busting heatwave in the US and floods in Russia are examples. The big problem is the effects of these weather events on our production of food and other vital goods.

DomPost “a joke”

Today’s DomPost says David Parker’s recent speech  “criticised National  for failing to boost imports and control housing prices.” That didn’t sound like David Parker. Sure enough he had put his finger on the real problem, the government’s failure to boost exports.  Key’s  reported “putdown” was Labour is “a joke.” One thing is certain, New Zealand’s ever-receding “brighter future”  is no joke. I’d like to see the DomPost put it right. Tell us all what Parker actually said, then let us decide which party is the joke.

Dumb or dissing?

Some of the media reckon that Key slagging off the Waitangi Tribunal was an accident of honesty: he was just stating reality that the Tribunal’s findings aren’t binding, he didn’t realise it would provoke a firestorm of reaction. Others say he knew exactly what he was doing and provoked the firestorm to try to split the opposition to asset sales along racial lines.

Justice denied for Dotcom

Shades of the Urewera shambles as Dotcom’s extradition drags out. It’ll be a year between the raid and his day in court. Meanwhile, they’re using extra-judicial punishment: bankrupting him by freezing his assets while his legal bills stack up. Going to end in Dotcom not being extradited because the evidence against him was gathered illegally. Then, he’s going to sue the Crown for millions.

Key’s fight with Maori no accident

Just 32 hours after Key started running the line that the Government would ignore the Waitangi Tribunal’s decision on the Maori Council water rights claim if it didn’t go his way, the Maori Party reacted. Key is abusing the privilege of his office by trying to pre-empt a judicial body’s decision says Pita Sharples. Tariana Turia says they will talk about their ‘future’ with National.

Buyer beware

Are you keen to buy shares in Mighty River Power with a dividend return of 4% pre-tax? You can beat that in the bank, and paying off debt is a far better use of money. But say you’re still keen. What about the threat of Mighty River losing water rights or having to pay for them – will you buy in with that unresolved? Only nutters would take Key’s offer with that up in the air.

Light-fingered regulation

New Zealand-registered shell companies are being used for big-numbers money laundering. The government has repeatedly said it will tighten company registration to prevent this, but the bill languishes down the order list. National’s big on regulating the behaviour of beneficiaries, but slack when it comes to money-launderers.

Tabloid news

I know I wrote on this just yesterday, but I can’t help going on about it again.  Here’s the front page of The Herald online last night…

Asset sales & Brand Key becoming inextricably linked

It’s getting almost sad, how desperate John Key is to sell our assets. He’s preparing to overturn convention and ignore the Waitangi Tribunal. Meanwhile, something on the order of 3,000 people a day are signing the referendum petition on asset sales. Key is now spending every day fighting fires on a highly unpopular policy. It’ll make for a sad legacy.

Can iwi stop asset sales?

someone will have explained to Key that Maori have a solid claim to ownership of water that could affect asset sales. But someone else will have been in his other ear pointing out that picking a fight with Maori over the Treaty could be a good way to win some votes back and wedge the opponents of asset sales. Guess who he listened to.

The future of journalism

Confirmation today that The Herald is adopting a format more in keeping with its content, and going tabloid. The media world is changing fast…

Darkhorse: The Reserve Bank Act; Or why we are broke

Darkhorse writes amazingly insightful economic pieces on his ‘How Daft’ blog (the title gives you a clue as to what he thinks of the current state of affairs). The neoliberal experiment has been an abject failure by any rational measure. And there are alternatives. Darkhorse has given us permission to syndicate his posts, the originals are here.

A lot of hot air

Tim Groser: “Our farmers have been reducing their emissions by 1.3% per year for two decades” (that’s emissions per unit of output, btw, not absolute – although total agriculture emissions are down in recent years). Groser on why farming should be out of the ETS: “we’ll introduce biological emissions into the ETS when we think there credible abatement technologies out there.”

“Electricity prices, asset values, and regulation: the Mighty River Power sell-off in context”.

Monday 9 July at 5:30pm in St John’s Church Hall, Wellington, Dr Geoff Bertram will discuss how  corporatisation of the electricity SoEs has been bad for domestic consumers. Part-privatisation now may lock in prices  that could never have been sustainable under proper regulation, and  close off  options to tackle energy poverty. Proper regulation  may still be an answer.

Sunday Reading

I’m going to try and put up a piece each Sunday of interesting, longer, deeper stories I found during the week. It’s also a chance for you to share what you found this week too. Those stimulating links you wanted to share, but just didn’t fit in anywhere (no linkwhoring).  This week: Work, American Lies and Science.