Things are bad when your former shill says you are wrong

Shamubeel Eaqub is an economist and was the go to person for Labour when in opposition.

They merrily quoted him in question time and asked constantly if John Key or Bill English agreed with him. He was in effect a Labour party shill.

However, he’s just come out against Labour’s wonky foreign buyer ban: Quote:

The law curbing foreign purchases of existing New Zealand homes is rushed policy-making and is likely to have an imperceptible impact on the housing crisis.

The Overseas Investment Amendment Bill which passed on Wednesday stops buyers from overseas countries purchasing existing homes. The ban will reduce some competition for local home buyers, but the relief will likely be imperceptible. With this policy, New Zealand, sadly, joins a wider global trend towards insularism and rushed, rather than deliberative and evidence-based, policy making.

The new government made it a priority to ban foreigners from buying homes. The policy has been put together quickly, which has diverted policy resource from other measures that I believe would actually make a big impact on the housing crisis: like an ambitious state house building programme and urgent regulatory reform agenda. End  quote.

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Most read

Most read

Our What’s Hot post and Must Read posts up the top of our home page are based on the two articles from the day before that attracted the most comments.

This post is to provide you with the links to the top five most read posts as the vast majority of our readership do not comment and the post with the most comments is not always the most popular post.

  1. Hosking on National’s dirty little leaker
  2. Who is the leaker?
  3. The prime minister has her hands full
  4. Silly discussion, if true. Who’d want that little Napoleon in their party?
  5. Labour and Greens war on farmers becomes Orwellian

Proper Greens challenge the Gunts over waka jumping bill

Sue Bradford and Jeanette Fitzsimons are showing quite a bit more integrity than the current crop of Gunts: Quote:

Green Party co-founder and former leader Jeanette Fitzsimons still wants the party to pull their support for the Waka Jumping bill – but says she has hit a “brick wall”.

Former MP Sue Bradford told The Nation this morning she wanted this weekend’s annual Green Party conference to pass a motion forbidding the party from backing the bill.

The Green MPs are still planning to reluctantly vote for the Waka Jumping bill at third reading. The bill would allow party leaders to banish MPs from Parliament if two thirds of the caucus agreed they should go.

The Green Party have historically campaigned against such bills but say their Confidence and Supply agreement with Labour forces them to vote for the bill, despite the fact the law is not mentioned in that agreement but is instead part of the coalition agreement between Labour and NZ First. End quote.

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Daily crossword

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How to upgrade, renew or change your Whaleoil subscription

If your subscription has not automatically renewed it may be…

  • because you hadn’t ticked for it to automatically renew when you set it up
  • because your credit card has expired
  • because you have removed your credit card details from Paypal.
  • because of insufficient funds

If you want to update your credit card details click here.


If you want to upgrade or change your subscription click here.

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To select Stripe select credit/debit card

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Whaleoil general debate

General Debate

Good morning, welcome to our daily Whaleoil General Debate.

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Face of the day

Former UN secretary-general Kofi Annan has died, aged 80.

[…] Annan, one of the world’s most celebrated diplomats and a charismatic symbol of the United Nations, started at the United Nations in 1962 as a low-ranking officer with the World Health Organization in Geneva.

He rose through its ranks to become the first black African Secretary General.

Annan earned selection to the top United Nations post under controversial circumstances. Incumbent Boutros Boutros-Ghali ran unopposed in 1996, but was denied the second term when the United States of America vetoed his selection despite him receiving 14 out of 15 Security Council votes.

He served two terms, from January 1, 1997 to December 31, 2006, capped nearly mid-way when he and the UN were jointly awarded the Nobel Peace Prize in 2001.

During his tenure, Annan presided over some of the worst failures and scandals at the world body, one of its most turbulent periods since its founding in 1945.

-Stuff

 

Word of the day

The word for today is…

sot (noun) – A drunkard.

Source : The Free Dictionary

Etymology : Late Old English sott “stupid person, fool,” from Old French sot, from Gallo-Roman *sott- (probably related to Medieval Latin sottus, circa 800), of uncertain origin, with cognates from Portugal to Germany. Surviving meaning “one who is stupefied with drink” first recorded 1590s. As a verb, it is attested from circa 1200, but usually besot.

Daily proverb

Proverbs 19

24 Lazy people take food in their hand
but don’t even lift it to their mouth.