Posts by merc
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Hard News: It's not funny because it's…, in reply to Steve Barnes,
Now there's an idea. Reinstate the Power Boards.
And public libraries with computers hooked up to the innertoobz for free, with book loaning for free and no overdue fees or any fees at all, with digitized archives...oh wait, that's not only crazy talk it's anti-TPPT (or whateva the thing is named).
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Hard News: It's not funny because it's…, in reply to Steve Barnes,
It's not their spending, it's the way they are spending.
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Hard News: It's not funny because it's…, in reply to DexterX,
NZ has not been well served by either Labour or the Nats...
You're welcome, it pays to keep me focussed. The really interesting thing concerning both parties and their actions verses their ideologies, is the sharemarket (the actual entity). Nothing proves to me more their real colours than the embodiment of their ideological market focus than the actual sharemarket and their physical involvement in it.
I could argue that the notion that the sharemarket exists in a bubble is patently invalid. Equally if you are a Govt. that consistently overspends and borrows and is in desperate need of capital, after property, the sharemarket is it.
The only question for Govt's is, how do we control it? The second question we should ask is, why are they not telling us of the risks involved?
The time has moved on, the electoral system has not kept pace. -
Hard News: It's not funny because it's…, in reply to Matthew Poole,
Good point, however the NZ sharemarket is known internationally as being somewhat unusual. Telecom would be an interesting case study.
The Govt. that legislates profit for you, can legislate that profit away too. Key is running dangerously close to the wind, as Clark did with Air NZ shares (she recommended publicly that people buy them prior to announcing the bailout) with his promotional antics, in my view. -
Hard News: It's not funny because it's…, in reply to DexterX,
A collection of exactly what a share holding Minister does and who they report to and who reports to them and well, how that may affect the sharemarket - in the case of the Helen Clark bailout of Air New Zealand, a very tricky role to be in.
No journalist will touch it because it is obviously a role that encourages insider trading, by definition - except here in NZ, where that sort of thing is OK, because our sharemarket is not well legislated.
http://www.sharechat.co.nz/article/ed279114/air-nz-insider-trading-request-denied.html -
Hard News: It's not funny because it's…, in reply to DexterX,
The only “free” market in NZ is the “wage market” and you could consider this to be in essence a slave market for most – when one sets the average wage against the cost of living.
http://www.stuff.co.nz/business/industries/7342404/Airport-directors-fees-take-off
http://www.stuff.co.nz/business/7342565/Sales-bonus-share-retreat-amid-speculation
http://www.stuff.co.nz/business/opinion-analysis/7339554/Lets-get-on-with-mixed-ownership
The elephant in the corner of the room - share holding Ministers.
http://www.ask.com/web?l=dis&o=102866cr&qsrc=2869&gct=kwd&q=share%20holding%20Ministers,nz -
Hard News: Judge Harvey: My part in his downfall, in reply to Jeremy Eade,
NZ law, thank God, is more than adequate to the task, as are any of our Judges. The NZ Govt. on the other hand, bloweth where the wind listeth.
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Hard News: Judge Harvey: My part in his downfall, in reply to Jeremy Eade,
Judging by what I have witnessed regarding our Prime Minister's and their generally collective lack of respect for the judiciary, I feel Judge Harvey is better off out of it.
Russell may well have aided in the Judge's non-downfall at the hands of an acquiescent NZ Govt. -
Hard News: Judge Harvey: My part in his downfall, in reply to Jeremy Eade,
Indeed. It has A Man For All Seasons feel to it.
"More is a man of an angel's wit and singular learning. I know not his fellow. For where is the man of that gentleness, lowliness and affability? And, as time requireth, a man of marvelous mirth and pastimes, and sometime of as sad gravity. A man for all seasons."
http://en.wikipedia.org/wiki/A_Man_for_All_Seasons -
Awe. (Genter clip).