Via the tipline
It would appear that Labour continues to hate on Chinese investment with their Chan Bn and now Phil Goff’s bill preventing foreign ownership, especially it seems if they have slitty eyes.
David Parker has said that Labour would refuse the bid by Shanghai Pengxin for Synlait in all likelihood if they were the government.
The Chinese bid for South Island dairy producer Synlait Farms would likely be refused under a Labour-led government, says its finance spokesman David Parker.
Labour is promoting a member’s bill in the name of its foreign affairs spokesman Phil Goff to restrict ministerial discretion for approving the sale of farmland to overseas buyers.
The bill would require any foreign investment to deliver benefits over and above what a local buyer would and that it must ensure substantial new jobs and exports. Read more »
Rachel Cunliffe has blogged at the Stats Chat blog about the latest manufactured news story in the NZ Herald.
It really is too funny that they contradict their own story saying something completely different from May.
The most-read story on the NZ Herald right now is “Cost of home dream in Auckland –19 incomes“. Only six months ago, the NZ Herald published an infographic which showed that a median house costs 6.9 times the annual median household income in Auckland. It’s enough to make anyone confused.
The new article says:
“It would take 19 median incomes in Auckland to buy a home for the city’s median house price.
In the 1,119,195 Census forms filled out for Auckland, the median annual income was $29,600, a Herald analysis found.”
I checked with the Stats NZ Census figures (Excel spreadsheet) and found the $29,600 figure is for the usually resident population count aged 15 years and over. In other words, this includes everyone who is not in paid employment: all the students, retirees, parents who are staying at home, those on benefits and not working etc. Read more »
How perspicacious of Mike Hosking back in June to have called the opposition claims of a manufacturing crisis for what it was…and invention of the opposition.
Officially it’s called ‘Manufacturing: The New Consensus’. It’s the opposition’s results into their inquiry into the “crisis” in manufacturing.
It carries an optimistic, if not slightly predictable, note by suggesting the true potential of manufacturing could be unleashed if a certain series of broad based polices were followed. Those policies just happen to be the policies of the people who commissioned the report. Polices like regulating the dollar, tax incentives, control of markets like electricity and a procurement programme that favours locally made products.
We can knock these off quickly one by one. You can’t control your currency. We did that under Muldoon and look what happened. Venezuela still does and they’ve run out of soap and toilet paper because of it. Tax incentives – I guess you could do that, but who pays? Or what gets cut from government expenditure to give the money to the manufacturers? Read more »
When will the slaughter end?
Silly First Name Syndrome has claimed another victim. The Bay of Plenty Times reports:
Three men are facing charges following the death of Tauranga father Lance Scullin in Merivale earlier this month.
Parkvale man Shem Williams, 21, Lance Perawiti, 19 from Gate Pa, and another Tauranga man Zodiac Wiremu Taikato are jointly charged with participating in an organised criminal group. Read more »