Kevin Hague has discovered ACC managers are getting bonuses for kicking people off the scheme.
That’s not surprising – this government beats up on the weak almost as much as it sucks up to the powerful.
When the government is hooting and hollering over 1.7% annual growth, it’s time to admit we’ve entered a new paradigm. In the past, you would have expected 4-5% growth coming out of a recession. Now, anything above the rate of population growth is treated as a miracle. Growth as we used to know it isn’t coming back. What does that mean for economic policy?
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A strong safety warning today about sheeptruck disaster met Ministerial indifference from Associate Transport Minister Simon Bridges. He said Australian legislation to promote safety and fairness in the road transport industry was not needed here because “New Zealand already has a system of work time requirements to help manage the risk of fatigue”. More infamous last words from a National politician – but the police are really worried.
So the first car has been crushed. While ministerial grandstanding abounds, a criminologist describes it as “vindictive, malicious, petty and an undignified way of dealing with the problem”.
It looks like the Nats’ attempt to pull a swindle on the meaning of “51% ownership” has been averted.
Who guards the guardians if the police march on Parliament?
To paraphrase Mr Wilde, losing 1 board member looks unfortunate, but losing 4 & a CEO looks like a minister losing control of her portfolio. As much as the botox allows, Collins didn’t look happy when board member number 4 quit. But mama said never trust a tory. Expect the Nats to try to turn events to their advantage. Privatisation isn’t off the table.
So, National expects 200,000 people to buy shares when it hocks off our assets. Call me simple but there’s 4.4 million of us, 3.3 million adults. Seems like nearly all of us won’t buy shares. But here’s the real rub: they’re talking about a bonus for the elite who can afford to buy shares and hold on to them. A gift from us to them. And National’s got no legal right to do it.
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A draft agreement has been negotiated for the Rio+20 summit that starts today, but anyone who cares about the future of our planet should be disappointed. The expert panel of nobel laureates, scientists and ministers’ call to ‘seize the moment’ has largely gone unheeded, as the agreement is full of empty promises and lacking in concrete commitments.
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.
The Nats’ latest defence of asset sales is ‘if Labour doesn’t say they’ll buy them back,then they secretly agree with the sales’. Well, we would all like Labour to be able to make that commitment but, in the real world, that would be irresponsible . The incoming government is going to have to know how the bad a states the Nats leave the books in first.
So, National is using a Public Private Partnership to build a school in Hobsonville. You’ve heard of PPPs. They, like all privatisation, are billed as somehow unleashing the magic of the market to reduce costs. But the reality is they turn the taxpayer into a dairy cow to be milked by private profiteers. And this school is no different: it’s costing us more, and the profiteers are racking it in.
Bill English has attacked the MED numbers showing that private electricity companies are 12% more expensive than public ones saying that argument assumes “that hundreds of thousands of New Zealanders are systematically paying more for electricity than they could?”. Um… Has English heard of Powerswitch? That multi-million dollar government campaign is based on exactly that premise.
National put out a couple of bizarre press releases saying “remember when…” and recounting the asset sales under the 4th Labour Government. Apparently, the fact that they fucked up is reason for National to fuck up now. Well, remember when asset sales earned Labour a landslide defeat and nearly destroyed it in 1990, resulting in nine years in the wilderness?
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The Herald reports that Tony Ryall said Labour had a history of privatising state owned assets back in the 1980s and early 90s. Ryall was elected to Parliament in 1990 – and it was a National government that privatised the BNZ and Tranzrail. Ryall’s a phony. National’s asset sales programme is a dog.
The right may talk up the virtues of self-responsibility, but when it comes to the failure of the Key government to achieve even modest targets, there’s always someone else to blame. It’s all Labour’s fault, or it’s all because of the earthquakes, or it’s all because of Europe.
Independent energy analyst Molly Melhuish is putting out some facts that Tony Ryall will not find comfortable: we pay on average 28.1c per kWh from private companies and 24.79c per kWh from state owned companies. Why is the asset sales process being rushed through parliament, before Treasury can analyse Molly Melhuish’s research?
National are shelving their plan to get out of deficit by 2014/15 – their only goal left, with the Brighter FutureTM shelved. No to stopping the exodus to Australia, stopping high unemployment, getting better public services, fixing our current account deficit, returning to growth, proper ECE funding (and Adult and Community Education at all), better training for teachers, keeping ACC fair, not cutting frontline staff, promises to not raise GST and more, all on the altar of surplus in 2014/15.
Now what do they stand for?
John Key wants to debate school league tables. Presumably he thinks that this will do the double whammy of getting middle class parents back on his side in the education debate, and distract from asset sales. But he’s not checked with his Minister, or the Ministry of Education, or presumably read any of the official advice about how damaging league tables would be.
The last time Treasury did an economic and fiscal update outside of its use two-per-year schedule, was December 2008, the depth of the recession. So, it’s telling that, just 4 weeks after the Budget, Treasury is looking at doing a revision of its numbers. One thing is certain, National’s last economic (actually, fiscal) promise- surplus in 2014/15 – is out the window. So, what’s National’s goal now?
Key’s ditched the surplus target that was so important a month ago – yet another casualty on the way to the brighter future. The Queen may have asked him why he didn’t see European contagion coming. Shearer is right – Europe is an excuse for a government that has run out of ideas. Labour does have a fresh approach – we need to hear more.
The Greens have hired the equivalent of 8 full-time staff for two months to get their signature collecting as part of the Keep Our Assets Coalition rolling. It comes out of the fixed budget allocated to the party’s leaders’ office – not one additional cent from the taxpayer, just a choice: other parties spend millions of taxpayer money on polling. It’s a good use of our money.
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Scott thoroughly fisks libertarian Damien Grant’s Herald on Sunday Column. And if teacher development is so important (as indeed it is) why have National cut it massively since they came to power, and are now dropping their budget plans to expand it. Money could be found from those tax cuts if they wanted…
Another day another story of National scrimping short term savings that will cost us much more in the long run. This time, they’re scrapping free sex advice for teenagers. It’s almost like they want more youth on the DPB to give them a scapegoat to demonise…
The Nats like bang on about benefit fraud, are they just as keen to go after tax evasion by the super-rich?
You know how the Greek’s have this weird ‘winner’s bonus’ – 250 seats are proportionally allocated but the largest, and even by one vote gets another 50 seats. The rightwing got the bonus by a couple of percent over SYRIZA by screwing the scrum. How? By merging New Democracy and a small rightwing party – the Democratic Alliance. Only this allowed ND/DISY to beat SYRIZA. That trick, and PASOK going over to the right will allow a 40% coalition to govern with a majority.
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Tony Ryall wanted to be very clear on Q+A today that asset sales were not necessarily a done deal. Could this be the first sign that Farrar’s polling is telling National, as it did with teacher numbers, that MOM is a turkey and if they go ahead National is toast?
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 is quite an international edition: the situation in Tonga, China & the UK…
John Key started preparing the ground to work with NZF, looking to forge a “Save Super” platform for 2014. But Winston Peters smacked him down hard.
