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Contribution via Whaleoil staff and interns

NZ Super Fund to invest in bottomless pits and blackholes

The NZ Super Fund has decided it wants to pour taxpayer superannuation funds into bottomless pits and blackholes: Quote:

The Government will build two light rail lines in Auckland – and the Super Fund wants to own them.

Work is about to start in Auckland on two light rail lines, not one – and the New Zealand Superannuation Fund wants to build, own and operate both of them.

Transport Minister Phil Twyford and Finance Minister Grant Robertson made the surprise announcement today. The ministers said Cabinet has agreed that work should start on both lines straight away, with an open tender process for the funding, construction and operation of the lines.

One light rail line will run from the central city to Māngere and the airport.

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story.  And when he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet.   Cam Slater doesn’t do quiet, and as a result he is a polarising, controversial but highly effective journalist that takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him.  But you can’t ignore him.

Town Clarke

 

Last week on Stuff Tracey Watkins asked if the attacks on Clarke Gayford were a “new low” in politics. Quote:

Vicious gossip about politicians is nothing new. Media were repeatedly sent on a wild goose chase over John Key’s reasons for resigning.

Helen Clark once savaged rumours that her husband was detained in the United States as “farcical”, which it clearly was. Other politicians have been dragged into the muck on occasion, and sometimes their families as well.

But a concerted smear campaign against a prime minister’s spouse on the scale of the rumours about Prime Minister Jacinda Ardern’s partner Clarke Gayford feels like something new.End of quote.

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Accountant. Boring. Loves tax. Needs to get out more. Loves the environment, but hates the Greens. Has been called a dinosaur. Wears it with pride.

Why are wages not increasing?

Have you tried to get a tradie recently? Everyone is flat out. Builders, electricians, painters, plumbers, you name it; all of them are working long hours and have months of work ahead of them. Some are talking burnout. I’m not surprised. There are not enough of them by a long way and the enormous demand for building and renovation in today’s property market will probably see most of them gainfully employed for years.

Then there was an article at the weekend about chefs suffering depression, from working long hours. Nurses are suffering burnout because of staffing shortages. Engineers cannot be found for love or money. Unemployment is at 4.4%.

All of this is the perfect recipe for significant wage increases. It is economics 101. When demand increases, supply gets more expensive. But that is not happening in today’s labour market. And no one seems to be quite sure why not.

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Accountant. Boring. Loves tax. Needs to get out more. Loves the environment, but hates the Greens. Has been called a dinosaur. Wears it with pride.

Readership poll: I have been reading Whaleoil since…

If you agree with me that’s nice but what I really want to achieve is to make you question the status quo. Look between the lines, do your own research. Do not be a passive observer in this game we call life.

You aren’t the only one sick of it, sweetie

Andrea Vance is a bit sick of the fawning over Jacinda Ardern: Quote:

Political reporter Andrea Vance said if Ms Ardern is shown to be faltering as Prime Minister once she has her baby, then it can and will be a story.

But up to now, the prominence her pregnancy has had in the media landscape has been oppressive.

“It was interesting when it happened, huge story, massive story. Should we be dwelling on it now?” Vance asked.

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story.  And when he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet.   Cam Slater doesn’t do quiet, and as a result he is a polarising, controversial but highly effective journalist that takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him.  But you can’t ignore him.

African migrants say New Zealand is racist

ABIGAIL DOUGHERTY/STUFF
Michael Macdeba is a Doctor of Engineering, but can only find work as a security guard.

Guest Post:

By Dieuwe de Boer from rightminds.nz Quote:

In Africa, they were accountants and engineers. In New Zealand, they work as hotel maids and security guards.

Research suggests discrimination is a factor in the social freefall African migrants are experiencing on arrival in Auckland.

Back home they were trained professionals and saw New Zealand as a place to further their careers. But their hard-earned qualifications and reputations have no currency here.

Forced into low skill and low pay work, they’re left feeling Kiwi employers haven’t given them a fair go. Here are some of their stories. […]End of quote.

While it’s not something I’ve ever encountered, I’ve heard this complaint plenty of times, even from European people. I suspect there is a strong culture of nativism in New Zealand business, especially further down south. I don’t think this is necessarily a bad thing, as there should be a priority to employ New Zealand citizens. Immigrants should be allowed in based on what they can offer their new home. The really strange thing about all of these stories is that none seemed to actually have had work lined up before coming here. Some even seemed to have raked up a lot of debt studying here. Quote:

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A guest post submitted to Whaleoil and edited by Whaleoil staff.

Guest Post content does not necessarily reflect the views of the site or its editor. Guest Post content is offered for discussion and for alternative points of view.

Soper on Labour’s own dirty politics

Barry Soper explains Labour’s own dirty politics involved in the Gayford affair: Quote:

The political rumour mill has been working over the past several months like never before and it hasn’t been producing the fairy dust that Jacinda Ardern’s been used to.

It’s been producing an unattractive and vile political sludge and finally Labour decided to put on its galoshes and wade its way out of the mire.

Make no mistake, Labour orchestrated the events of the past 24 hours.

Support parties were tipped off the night before the story involving the false rumours surrounding Ardern’s partner Clarke Gayford would be made public the following day.

Ardern’s known about the rumours, like the rest of us, for some considerable time. End quote.

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story.  And when he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet.   Cam Slater doesn’t do quiet, and as a result he is a polarising, controversial but highly effective journalist that takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him.  But you can’t ignore him.

Value capture charges by end of the year

You heard it here first. (Actually, the NBR came up with it before me.) Quote:

 

The government is pushing ahead with plans to impose land value capture charges on people who benefit from large infrastructure projects in Auckland.

Transport Minister Phil Twyford expects to have the plan in place by the end of the year.

Papers obtained by NBR under the Official Information Act say value capture ‘is the public recovery of a portion of the increased property and other value created as a result of transport infrastructure investment.’ End quote.

The last Labour government introduced the fair dividend rate – FDR, which is an unrealised capital gains tax on foreign investment. This new proposal is an unrealised gains tax on property in certain areas that are perceived to have an increased value because of the proximity of certain infrastructure to a property, even if you have lived there for fifty years. Quote:

Mr Twyford says the work on land value capture is still at an early stage in terms of determining the benefit and what level of value capture should be imposed. It is also not clear yet whether legislation will be needed, or whether councils can just impose some sort of charge or rate under existing rules. End quote.

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Accountant. Boring. Loves tax. Needs to get out more. Loves the environment, but hates the Greens. Has been called a dinosaur. Wears it with pride.

Sorry Jacinda, but you’ve broken another promise

Jacinda Ardern thinks that whacking Kiwis with GST on online purchases isn’t a new tax.

She’s wrong.

I haven’t had to pay it before on online offshore purchases, and now I will have to pay it. That is a new tax. She is dancing on the head of a pin: Quote:

Applying GST to online purchases under $400 from overseas is not a new tax, Prime Minister Jacinda Ardern says.

Speaking to Newstalk ZB’s Mike Hosking this morning, the Prime Minister said GST had always been applied to those purchases, but never collected.

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story.  And when he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet.   Cam Slater doesn’t do quiet, and as a result he is a polarising, controversial but highly effective journalist that takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him.  But you can’t ignore him.