Fran O’Sullivan claims inside knowledge of the bailout plan may have given some investors the inside running.
That’s reminiscent of the headstart some investors got in ’84 when the dollar was devalued.
And it’s one more reason we need a public inquiry into the bailout.
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86 workers have been fired from Kaiapoi New World, which will be closed for a year due to quake damage. This is exactly why the government should implement the kind of scheme I outlined where the government steps in to supply the full wages of workers who can’t work due to the quake, funded by delaying the tax cuts for the rich.
The earthquake in Canterbury has presented us with politicians who are apparently firmly in charge and able to assess the situation, deploy troops and generally inform us, the general population, of what is going on.
Whatever could possibly be wrong with that?
The unilateral opening up of our ancestral lands and seas to drilling and mining by this Government is the most significant threat to the survival of our peoples and our way of life we have experienced in this generation. The big question in light of this the struggle is where are the Maori Party?
At last, the left has its own version of Investigate magazine. As you might expect it’s a bit saner and better substantiated than anything […]
John Key promised higher standards of government. Another lie. The list of rorts, incompetences, and abuses of power goes on and on. So, it’s hardly any surprise that Key doesn’t have a problem with Maurice Williamson’s racist comments. Make no mistake – it is Key’s decision that Williamson and the rest are ministers in our government
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Fran O’Sullivan joins us in asking why the Government was so quick to completely bailout the South Canterbury Finance investors yet is so miserly with quake victims. The Right cries ‘moral hazard’ when it comes to helping out quake victims; we didn’t hear that over SCF. Fortunately, we can help those in need and avoid creating moral hazards.
I’m hoping that someone (a fellow Standard author perhaps?) puts in an OIA over the South Canterbury Finance bailout. And here’s what I’d […]
The latest Guardian Weekly had two interesting and seemingly unconnected stories about major shifts in aid priorities on both sides of the world […]
A hell of a lot of those ‘back office bureaucrats’ that the Nats love to attack have been working their arses off on the Christchurch earthquake. You would think they’d get some respect from their political bosses. You would think wrong.
John Armstrong provides an insightful analysis of the politics around the aftermath of Christchurch’s earthquake, saying “The chaos and destruction wreaked on Christchurch by Saturday’s earthquake leaves no room for playing party politics….The politicians are already playing politics, however, though not too flagrantly. Saying you are not going to play politics – as Goff effectively did – is itself a political statement. As was John Key’s decision to cancel his trip to Britain and France.”
Days before accusing us of being racist for not wanting more of New Zealand’s land to fall under foreign control, Maurice Williamson was making racist jokes. Is it OK in John Key’s government for ministers to get pissed and tell racist jokes in public?
Here’s an interesting rant. I’m not going to link to it, because I want you to spend a moment trying to work out who (which raving leftie blogger?) is the author. So read it, and make your guess, then Google for the answer…
The unions, business, and Phil Goff have all gritted their teeth and called the Nats’ $15 million wage subsidy scheme for small quaked-affected businesses ‘a start’. The problem is, it’s likely to be the end. This scheme will leave workers and employers severely out of pocket, killing businesses and jobs.
As our msm persist with their increasingly banal fixation on Christchurch’s troubles, I’m reminded of a story that appeared in 2001 not long […]
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Yesterday Mr Key said he would leave for London to visit the Queen, only if he “could be confident Christchurch’s recovery was on […]
Independent MP Tony Windsor has decided to support the Labor Party into government, with fellow independent Rob Oakeschott expected to follow suit. The country independents say the best bet for rural regions is to remain independent and stick up for themselves – lessons for NZ?
There’s been some frankly bizarre talk about the earthquake being an economic boon for the country. I guess the Right is just desperate for anything to improve the economy under National. So, I thought it would be worthwhile going through the economic ramifications of the earthquake from the immediate effects to long term.
It’s a little disturbing to hear Te Ururoa Flavell saying that the Maori Party isn’t really satisfied with National’s new foreshore and seabed bill but will vote for it for now and will re-negotiate a new deal in the future. He’s dreaming. Both major parties have every incentive to consider the issue closed. With the Maori Party supporting the law, it will be seen as a full and final settlement.
The next Fabian seminar will be held in Wellington on Monday 13th September at Connolly Hall in Guildford Street at 5:30pm. Titled “Why […]
I didn’t want to be the first to say it. Since John Armstrong now has, I will ask the question too: why the hell is the John Key planning to go for a holiday weekend with the Queen and a chat with his carbon-copy David Cameron when our second-largest city is a disaster zone? It seems he doesn’t appreciate the responsibilities of his job and just wants to be Minister for Overseas Holidays.
Christchurch needs a more ambitious rescue package than has been announced. Relying on EQC and insurance payouts is not enough. I would cancel the top bracket tax cuts due to come into force in a month saving half a billion dollars for a real economic revival plan The first step would be to grant emergency bridging funding to businesses closed by the quake so that they can continue to pay their workers
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It’s been nearly two years now of Paula Bennett declaring that the unemployment crisis is over. Yesterday, she put out a press release titled ‘More than 6,000 beneficiaries find jobs in August‘. Wow, 6,000 in a month, pretty good. But Bennett must have been hoping we wouldn’t read beyond the title. The fact is that 900 more people went on the dole than came off it. The total number of beneficiaries just keeps climbing.
Unite Union’s Christchurch office has been flooded with phone calls and text messages from worried workers in post-earthquake Christchurch.
Unnoticed amongst all the earthquake coverage was a small article in the Weekend Dompost on the foreshore and seabed deal. Apparently, ‘public domain’ will no longer appear in the new legislation. Instead, we’ll have a new name, possibly ‘takutaimoana’, Te Reo for ‘seabed’. That sound you can hear Winston Peters is rubbing his hands with glee.
As far as I know I am the only Standard author to have been right in the middle of the Darfield / Christchurch earthquake. To all commenters and readers in the region – greetings, and keep safe.
It’s the stomach-churning way that some on the Right have decided to try to use the earthquake for political advantage by deifying Bob Parker. Even Parker himself looked sick when Paul Henry compared him to Rudi Giuliani. Update: Farrar, Whaleoil, Henry, and Matthew Hooton are trying to spread a lie that Anderton said only an earthquake could stop him winning the election. Danyl has the truth.
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Rich investor and you put your money in a dodgy finance company? Did the company collapse? You get your money back. No questions. Lost your job thanks to this endless recession? Couldn’t afford insurance? Property damaged in the quake? Key says you can get stuffed. It’s called class war. Also, Key thinks the clean-up will be an economic stimulus. Someone tell this money-man about the broken windows fallacy.
After every emergency come the media articles that accuse the civil defence system of failing. This time the well-known emergency relief experts at the Herald were criticising within a day. Well, the Herald can go f*ck itself. I take my hat off to all the public servants who did their jobs with skill and dedication. The public services responded swiftly to get the situation under control and get people the help and information they needed.
John Key says Maurice Williamson was just joking when he called us racists for not wanting to sell more of our country into foreign ownership.
Does he really expect us to believe that? Why compound an insult with a lie?
And since when would it be OK for Williamson to jokingly call us racists?
Almost as an aside, Matt McCarten has announced that he has the “killing kind of cancer” in his column today. Matt is one of the lions of the Left. His union, Unite, has defied the skeptics to become a real success story. Temp and low-paid workers have found an avenue for collective action, and learnt they can win. Matt makes it clear he’ll never flinch from fighting for the workers. Good on ya, mate, we’re with you.
