More? Â Read more »
Michael Woodhouse has taken years to find a parking meter that is shorter than him, no wonder he is pleased.
Good Evening, welcomeÂ to the daily Whaleoil Backchat.
You donâ€™t have to stay â€śon topicâ€ť in these posts like you do in all others. Feel free to share your own stories, links to other news or catch up with friends. If you havenâ€™t tried it before, signing in to a Disqus account is free, quick, and it is easy.
New commenters should familiarise themselves with our Commenting and Moderation rules. Thank you.
TroubleÂ commentingÂ on Whaleoil? You can receive free help.
Just emailÂ [email protected]Â with your concerns. Â PleaseÂ be polite and as precise as you can be. Â Remember: this is a volunteer service provided by other Whaleoil readers. Â Only contact them with commenting related problems.
Got to the end of the day, and not a single mention of Kim Dotcom. Â Wouldn’t want Tom and Jerry* to have to write off today as non-billable, so here goes:
First, will Dotcom crash the New Zealand dollar?
Do you think that’s a strange question? Â Well, it’s what they are talking about overseas:
What on earth is the connection between Kim Dotcom â€“ one of the world’s biggest internet pirates â€“ and the New Zealand dollar, you ask?
Dotcom, who is fighting extradition to the United States on piracy charges, launched a political party earlier this year to contest New Zealand’s general elections on September 30.
In late-May, his Internet Party entered an alliance with the Mana Party, a small party that advocates for the nation’s indigenous Maori, to improve his chances of gaining political clout.
Their joint party, Internet Mana, is gaining popularity among young voters and is in striking distance of the five percent threshold needed to guarantee representation in parliament, according to the One News-Colmar Brunton poll published on August 17.
“Fears that the infamous web entrepreneur Kim Dotcom may be starting to influence the New Zealand election is affecting the currency. Mr. Dotcom’s party has aligned itself with the Maori party and is polling at 5 percentage points â€“ a big enough swing in New Zealand politics that could possibly give the ruling majority to the opposition Labour party,” Boris Schlossberg, Managing Director of FX Strategy at BK Asset Management wrote in a note.
“Such a move leftward would no doubt shake up the currency markets which have been caught by surprise expecting yet another win by the National party that would maintain the economic status quo,” he said.
I think fears of Internet Mana taking 5% are overstated, but I suppose they are trying to avoid the argument that Kim Dotcom has bought a sitting Maori electorate MP.
(As I write that, I can’t believe I’m writing it. Â It’s true. Â It really is, and there is NOTHING anyone is doing about it. Â Anyway, Tom and Jerry, before you get too excited, the proof of this has been presented to the police, so I’m fairly sure you can’t use it in a defamation case)