Michael Fay

Whale Week What Was

682zoomWe started our Saturday by paying our respects to?Norman Schwarzkopf Jr., the hard-charging US Army general whose forces smashed the Iraqi army in the 1991 Gulf War. ?He died aged 78. ?At The Standard 2012 Worst Political Blog Mike Smith is told some home truths about long term grass-roots Labour families heading for the Greens. ?A quick vid on how to put out a boat fire the Kiwi way is next, followed by a vote for Best Minister. ?The winner, at 52%, is Judith Collins. ?The Whale Week That Was summarised all the stories this blog covered in the previous seven days. ?A quite active Saturday Debate (for the time of year especially) led a post calling for nominations for Best Political Blog. ?Those who see WOBH as any sort of threat to them (and those that don’t too), should take heed of this Malcolm Tucker quote: “marshal all the media forces of Darkness to hound them to an assisted suicide”.? A CNN piece showing Teachers in Utah taking a class on gun use shows some common sense around the gun debate. ?A reader has taken yesterday’s US Fiscal Cliff graphic and created one for New Zealand – great work. ?As Cameron Slater predicted from the outset, the Aussie Hoax DJs will not face charges. ?The NZ Herald continues to amuse – this time a car crashed into a poll. ?The blog then introduces us to two sexy taxidermists showing you don’t have to look like a front row forward to deal with dead animals. ?And you’d think we’re picking on an incompetent NZ Herald, and you would be right. ?This time they have Jesse Ryder beating himself at Eden Park in Wellington. ?Then a hilarious story about a Queensland woman who fell into the longdrop and was there for two hours before being discovered by her husband. ? Turns out that during the Falklands War the French tried to send missiles to Argentinia behind Margaret Thatcher‘s back. ?Commerce first eh? ?The last post of the day highlights a report of a man holding up a Countdown Supermarket with a hammer. ?Our readers get fired up about the idea of hammer banning.

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Whaleoil Awards 2012 – The Winners (and Losers)

This years winners of the Whaleoil Awards are as follows:

Best Political Blog – apart from me…is Cactus Kate…by a nose from David Farrar.

I think this reflects that David Farrar has turned his blog into a an arts, travel and fitness blog and is focussing less on politics. While Cactus Kate blogs less often it is worth the wait.

Imperator Fish came a creditable third. But then I would say that because of my on-going man-crush thing with Scott.

collins-1200Best Minister – Judith Collins

A resounding 52% of the vote.

Judith Collins has much to deal with this year, from the manufactured crisis of Bronwyn Pullar at ACC to David Bain’s ongoing PR blitz.

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Whaleoil Awards – Biggest Corporate Fail

Whaleoil Awards - Biggest Corporate Fail

  • Michael Fay - for trying to nick farms below market rate (39%, 229 Votes)
  • Jetstar - for being Jetstar (31%, 184 Votes)
  • ANZ - for killing off the National Bank (19%, 114 Votes)
  • Foodstuffs - ongoing malfeasance against suppliers (11%, 66 Votes)

Total Voters: 593

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Appeal dismissed on Crafar farms

? NZ Herald

Michael Fay cops one in the chook:

The Court of Appeal has dismissed the Sir Michael Fay led group appeal to block the sale of the Crafar farms to China’s Shanghai Pengxin group.

In its judgement issued this morning the court said the ministers were entitled to take the view that State owned Landcorp’s partnership with the Chinese company gave them the necessary business acumen and expertise to run the farms.

The Fay group’s appeal was its second attempt to block the purchase of the farms.

Nelson Muntz has something to say about this:

A good point

? NZ Herald

Fran O’Sullivan makes a good point about the claims of Fay’s legal case and the agitators of Federated F-Wits insistence that people buying farms come here and handle the teats and get their gumboots muddy…as if Michael Fay would ever deign to touch a cow’s udder:

Crown Law (which is arguing on behalf of the Cabinet ministers who approved the deal) maintains that Shanghai Pengxin had the business acumen to acquire the relevant dairy expertise by forming a joint venture with Landcorp and that the Chinese firm’s broader business skills will bring something more to the mix.

Many recently approved foreign investors in New Zealand dairy farms – like film-maker James Cameron – are hardly going to be “putting on their gumboots” to run their farms here. Neither will the directors of the Harvard University funds, which owns a sway of farms here.

Nor the many German and Swiss investors who have shares in various dairy partnerships.

If the court finds in the challengers’ favour this will effectively circumscribe the ability of farm owners to sell farms on the external market. It should be noted farm owners do have to advertise their land within New Zealand first.

James Cameron just bought another farm and there wasn’t a single outraged?email?or press release from Labour, the Greens, Michael Fay, any Maori group or the stupidly named Save our Farms crowd. Perhaps they like the colour of Cameron’s skin and his round eyes? Michael Fay certainly hasn’t initiated any legal action to take James Cameron’s farms off him.

He might be rich but he ain’t a billionaire

? NZ Herald

Michael Fay has a bloody cheek….he is questioning the business acumen of a billionaire….he can’t even get to $1billion in NZ dollars let alone US dollars:

Mr Galbraith told the court the focus of the OIO’s appraisal of Shanghai Pengxin’s relevant experience and acumen should be on the man in ultimate control of the corporation, billionaire Jiang Zhaobai.

Although the Shanghai Pengxin’s application noted the company’s investments in sheep and soybean farms, the OIO’s decision had no analysis of whether that gave Mr Jiang the experience required to invest in the farms.

And what farming acumen has Michael Fay got? Sweet F’all is what.

The strange world of knee jerk politics

The Crafar Farms sale decision has thrown up some very strange politics.

There was Winston Peters supporting Michael Fay, which is utterly strange in itself. But nothing could be stranger than seeing?Labour pursuing the prospect of being sued by China – over an FTA signed by Phil Goff…

Labour says its opposition to the sale of the Crafar farms to a Chinese company is not racist.

Labour leader David Shearer claimed yesterday that Prime Minister John Key and Land Information Maurice Williamson have accused the party of being racist.

“I have been called much worse,” Mr Shearer said.

What concerned him was that by implication, National was labelling every New Zealand opposed to the sale as anti-Chinese and possibly racist when what they opposed was “the sale of profitable New Zealand-owned assets to foreign interests.”

Predictably assorted crazies, including Jane Kelsey have waded into the dispute. Despite being a raving lefty who opposes all FTAs and the fact that she tries very hard to stick it to the Government the bottom line is that Phil Goff’s FTA with China pretty much guaranteed that Maurice Williamson and Jonathan Coleman were always going to approve a bid that fully complied with the law, rather than react to knee-jerk xenophobia from politicians desperate for traction.

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Bernard Hickey is confused

Bernard Hickey is becoming ever shrill theses days. Take his latest article in the Herald. He is having a fit about John Key and borrowing and a swipe at selling the Crafar Farms to the highest bidder rather than the knock down price that Michael Fay was seeking.

But the single line that makes his whole article farcical is this one:

The only way to end our addiction to overspending is to throw out the enablers of foreign borrowing and selling assets to foreign interests.

As one of my commenters notes that is “one” way, but i’m not even sure that Hickey’s suggestion would break the addiction to overspending.

Electing fiscal conservatives and?responsible?guardians of the public purse is probably the best way. Weaning the population fo their?addiction?to welfare is certainly another way too..in fact fiscal conservatism,?weaning?off welfarism, and the time honoured proven method of cutting our coat according to our cloth would solve a great many ills in this country.

This country has an entitlement epidemic. We need to?inoculate?ourselves from debt fueled by “entitlements” voted by a population of net tax takers rather than the net tax payers.

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Chart of the Day

Maurice Williamson has done the right thing and approved the sale of the Crafar Farms to the Shanghai Pengxin bid. The creditors of Alan Crafar have got the best deal that they can rather than the discounted attempt by Michael Fay to screw the scrum in his favour.

Land Information Minister Maurice Williamson and Associate Minister of Finance Dr Jonathan Coleman this morning said they had accepted the recommendation of the Overseas Investment Office (OIO) to grant consent to Milk New Zealand Holding, a subsidiary of Shanghai Pengxin Group, to acquire the 16 Crafar farms.

“It is clear that all criteria under sections 16 and 18 of the Overseas Investment Act 2005 have been met, therefore we accept the recommendation of the OIO to grant consent,” Williamson said.

“We are satisfied that Milk New Zealand’s application for consent meets the criteria set out in the Act,” Coleman said.

A condition of the sale is that a joint venture company to be owned 50/50 by the Chinese and Landcorp would develop and manage the farms.

The majority of the planning, budgeting and reporting relating to the farms would take place within the joint venture company and Landcorp would operate the farms, providing operational services and advice.

David Farrar posts about the Crafar Farms, compared with Labour’s record on land sales.

The small circle represents the size of the Crafar farms at 8,000 hectares. The large circle represents the amount of land sold to foreign owners under the last Labour Government at 650,000 hectares.

Under Labour, the equivalent of the Crafar farms were sold each and every month they were in office.


Draped in the flag of sanctimony

Michael Fay is playing up the patriotism angle large. Draping himself in the flag all the while playing on the fear of the evil Chinee in order to the secure a cheaper bid. We never heard a peep from Fay when his German neighbours were buying high country farms in the South Island

Remember though that despite all his patriotism this man has decided he’d rather be a tax exile from New Zealand and live in Switzerland. You have to wonder of the flag he is?draping?himself in is in fact the Swiss flag, his chosen country of residence.

Like the Labour party we never heard a peep from Fay when his German neighbours were buying high country farms in the South Island, not a squeak either for English buyers, nor for French.

Michael Fay like any good businessman, and Gareth Morgan, only ever acts in his own interests. Make no mistake he voted with his dollars when it came to loyalty for New Zealand and moved himself and them offshore. He is in it for the money not for some altruistic flag waving claptrap. He managed to scare up some tame Maori to apply a brown wash to the deal.

It is strange to watch Labour cuddle up to Michael Fay’s?arguments?when Shane Jones called for Fay to have the knighthood Labour gave him stripped. It is even more strange watching Winston Peters cuddle Fay’s argument, perhaps they?have?been swapping wine boxes lately?

It is all very machiavellian, and you have to wonder which devious back-room operator is running his nationalistic spin so effectively. In the end Michael Fay’s history just makes him look like a hypocritical, sanctimonious, greedy old grump.

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