economic sabotage

Maybe Andrew Little can send our curry chefs to England


David and Samantha Cameron enjoy a curry. They tucked into chicken korai and saag paneer at Manchester?s Saffron Lounge during the Conservative party conference in October ? it wasn?t quite as spicy as the chilli-hot specials they ordered at the Paprika Indian restaurant in Birmingham the previous year.

The prime minister even pledged to protect the struggling ?4.2bn curry industry, which employs 100,000 people, at the British Curry awards in 2013. He said he would ?get the skilled Asian chefs you need? to the UK, while the home secretary, Theresa May, has admitted that curry chefs are a shortage occupation. Read more »

Vote with your head

Yesterday, Metiria Turei released Green Policy which is nothing short of economic treason. ?Going for a mixture of scare tactics, disinformation and the ever useful ‘cute dolphin’ factor, they hope to generate the usual hysteria.

Nick Smith is repeating what he keeps telling the Greens in parliament: ?(over and over and over again)

There has not been a single incident involving Maui?s dolphin and Taranaki?s $3 billion oil and gas industry in over 40 years.?

That’s kind of critical. ?The Green Party want to protect an animal that has not been in any practical or real danger of oil related activities for?over 40 years.

The prohibition on any new oil and gas exploration in this large area will come at a huge economic cost long-term not just to Taranaki but more widely to New Zealand. The Government introduced compulsory regulations for protecting marine mammals from exploration activities in 2010 that ensures no harm to Maui?s,

I think we can rest assured that this policy will never see the light of day. ?Even if there is going to a Labour/Green led coalition, the Labour Party isn’t going to allow the Greens to strangle one of New Zealand’s most profitable industries and risk regional destruction and job losses to protect dolphins that have not been recorded as having any kind of adverse problem.

You just have to see the size of the sea area involved, how small an oil platform is compared to that, and the actual physical impact on the habitat of the dolphins, if they even choose to be present, is probably less than 0.00001% or thereabouts. ? ?? Read more »

Cunliffe starts to back pedal as reality bites

Now that the euphoria of having become Labour Party leader has worn off a bit, David Cunliffe has realised that he needs to start acting like a PM in waiting. ?That means he can no longer promise everyone everything, and neither can he promise to ban, cancel or reverse everything National as done.

Ann Gibson writes

A senior equities analyst has raised questions about Labour potentially scrapping SkyCity Entertainment Group’s $402 million convention centre.

Nachi Moghe of Morningstar Research in Auckland cited the topic, following reports of Labour leader David Cunliffe coming under pressure to reveal whether a Labour-led Government would scrap National’s pokies-for-convention-centre deal with SkyCity.

Cunliffe would not confirm that Labour would change the legislation.

Of course, that’s all that is needed. ?The subtlety of uncertainty. ? Read more »

Of course it is an overreaction. It’s bloody ridiculous

Why do we always go off the deep end when these things happen?

As New Zealanders move on from Fonterra’s botulism food safety fiasco, disillusioned Chinese people are cancelling their plane tickets to this country.

While?Kiwis’ faith in Fonterra is bruised, China’s trust in New Zealand is shattered, say experts in the culture of our biggest export customer.

“The injury is very deep,” says expat David Mahon, a veteran investment adviser in Beijing.

“People have cancelled visits to New Zealand because it is not 100 per cent pure,” says Massey University associate professor of marketing Henry Chung, who has studied the Chinese market for more than 20 years.

“After this event, the Chinese consumer and the (Chinese) government cannot tolerate any more. If anything happens again, any explanation will be considered redundant.

“This is the last chance to get it right.”

This just defies all logic.

Food recalls happen all the time. ?But only if it happens to Fonterra, and when nobody even got a slightly upset stomach, let alone died, the whole country’s exports are on notice?

I call bullshit.

Read more »

The politics of Envy. One of the Left’s go-to stategies



In the NBR, Dr Oliver Hatwich writes

A day after the Labour/Greens? bombshell announcement on energy policy last week, Greens co-leader Dr Russell Norman delivered another ?argument? in favour of nationalising the electricity sector: executive pay.

Releasing figures for executive remuneration and payments to the boards of energy companies, Dr Norman told The Sunday Star Times, ?I think most New Zealanders would be shocked that the reason their power bills are going so high is not just the super profits to the companies, but also the super salaries that are going to their senior management.?

Dr Norman?s claim is both correct and irrelevant. It is correct because all salaries paid by companies must come from the revenue they generate. It cannot be any other way, so well done to the Greens for spotting an absolute truism.

But Dr Norman?s point about executive pay is also irrelevant in the discussion on electricity sector reforms.

… ? Read more »