Stuart Nash put Bill English’s feet to the fire yesterday on his economic record. English has been claiming that the economy is in better shape to withstand another economic crisis than it was in 2008. Does anyone seriously believe that? We’re poorer, we’re more indebted, we’re less employed, and costs are higher.
Open mike is your post. For announcements, general discussion, whatever you choose. The usual rules of good behaviour apply (see the link to […]
A standard reader based in London has sent us this account of the riots.
Good to get some of the context the UK media doesn’t seem to want to talk about…
There are some interesting comments in the Standard and Poor’s press release announcing the US downgrade. They say fixing debt isn’t just about cuts but raising revenue too. They also note the US difficulty in reaching a consensus on fiscal policy, and the looming demographic that will drive age-related spending. New Zealand should be taking note.
I/S at NoRightTurn has John Key and Gerry Brownlee floundering to explain why Brownlee hired National Party crony Jenny Shipley and other members of the Canterbury Earthquake Recovery Review Panel at double the normal rate. Brownlee’s excuses are weak and nonsensical. It’s not good enough.
Can’t help but notice the international price peaked just when Fonterra put on their ‘generous price-cap’tm.
Lots of countries have daft old laws still on the books. Not many countries drag out these relics and start applying them again.
Open mike is your post. For announcements, general discussion, whatever you choose. The usual rules of good behaviour apply (see the link to […]
A report in the Financial Times, that hotbed of socialism, says that PFI’s as PPP’s are known in Britain cost an extra 20 billion pounds in “extra borrowing costs” over the 53 billion pounds of the projects’ actual cost. Not only that, 4 billion pounds will go to consultants. Enough said. Another dumb idea from those who gave us collateralised debt instruments, self-correcting markets and “there is no alternative”.
The Maori Party leaders have racked up the highest ministerial expenses after the PM – despite not being in Cabinet. What is even more extraordinary is Tariana Turia’s response to being questioned on this.
Nats are skiting at getting some people off the dole. But what really happened. How much was really saved?
There have been two nights of rioting, looting and burning in London. The trigger was the police shooting of Mark Duggan. But the cause is the alienation of the permanent underclass, and the stresses of the current austerity programme.
Before the government launched its asset sales policy, the Treasury told it that “significant participation by foreign investors” would be “essential” to provide “pricing tension”. In other words, if they can’t sell to foreigners at a high price, they wouldn’t get the revenue they want. So, the second global financial crisis should scupper the plan, eh?
Open mike is your post. For announcements, general discussion, whatever you choose. The usual rules of good behaviour apply (see the link to […]
It’s bad to have a senior frontbencher attack the media.
It’s really really bad when that frontbencher is in charge of your election campaign.
Study proves that our ‘wealth creators’ are actually bad managers. We have the natural resources. Got the skilled workforce. We’re held back by the capitalist elite. Not interested in capital investment and paying better wages. They’re just rentiers out to extract quick profits: a formula of low wages, tax cuts, and untaxed capital gains. Parasites.
National says that you’re a racist for not wanting to sell our assets to foreigners, particularly Chinese state-owned companies. It’s not racism. It’s about our sovereignty. We are never going to be able to choose our way in the world if we sell everything abroad and we do not want to become a vassal of the world’s newest empire.
We commonly hear the vested interests (Fed Farmers, National, Fonterra) saying that agriculture should continue to get a 100% subsidy on its greenhouse emissions because there’s no way for farmers to reduce their pollution aside from producing less. That’s rubbish. In fact, as BR shows, agriculture is already producing more value for less pollution.
Grieving families of Christchurch earthquake victims say that John Key has broken his promise to them. Key is refusing to even comment on the nature of the meeting. This must all sound very familiar to the families of the Pike River miners.
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Next week, a report will reveal the abuse of 2,500 foreign workers used as virtual slaves on ships employed by kiwi fishing quota holders in our waters. By rights, we should have a world renowned fishing fleet. Instead, we let our potential go to waste and employ foreign slaveowners and human traffickers to do the work instead.
Like the American debt limit deal, I always thought that Mana and Maori would find some kind of bloody compromise at the eleventh hour. But they’ve passed the point of no return now.
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Remember the fuss when Brownlee appointed Jenny Shipley and other cronies to the Canterbury Earthquake Recovery Review Panel at triple the normal rate? Brownlee tried to cover it up with a lie. I/S at No Right Turn has the scoop – go read it there.
Cuts are good for you.
January 2009. Jobs are being lost at 4,000 per week. Key and his government have just come back from a month long holiday. First thing he does: makes an audition tape for Letterman. Notice how all the jokes are taking the mickey out of our country. Makes you real proud.
The global financial system, which has never properly recovered from the recession, is poised on the brink of a second crash. The headlines are a parade of bad news…
Update: US credit rating downgraded from AAA to AA+ with negative outlook (same as NZ). Announcement was made after close of markets. It’s gonna hit the fan on Monday.
Open mike is your post. For announcements, general discussion, whatever you choose. The usual rules of good behaviour apply (see the link to […]
BBC Radio 4 in the UK has a very interesting debate pitting followers of Keynes vs those of Hayek
About 600 Otago students turned out this morning to meet John Key in protest to the VSM bill. Good to see a strong show of support for student unions!
Weekend social is for non political chat. What’s on for the weekend, gigs, film or book reviews, sports, or whatever. No politics, no […]
Fisheries workers bearing a 12,000 signature told a select committee yesterday the horror stories of abuse of foreign workers on fishing vessels, whose low wages displace Kiwi workers, how the focus on low-cost, low-quality that is wasting our fish stocks, and how this is caused by Kiwi corporates putting a quick buck ahead of their people and their environment.
Adidas was founded by a Nazi who lied that his own brother was SS to get him in deeper trouble when the brother was captured by the US. That cut-throat attitude persists. I don’t know why people want to wear All Blacks shirts. Adult equivalent of a 5 year old wearing a superman costume. But the NZRU shouldn’t let them be ripped off like this.
National pollster David Farrar wants scientists to debate a fake Lord climate change denier saying “Why should anyone listen to people unwilling to debate?”. Well, David, next time you’re giving your polling report to the Kitchen Cabinet, tell them that. Because National is refusing to participate in coming debate on their asset sales policy.
