Saturday, February 28, 2009
And while I'm on the subject of the gummit summit, what the heck is a workstream.
Apparently Joan is on the job and "Masterminding a new way to save jobs".
The problem is that this is tackling the problem from the left (wrong) end.
You get the feeling the jobs that Joan would save are ones that shouldn't have been created in the first place.
Here is a better headline
"Masterminding a new way to create real jobs"
And here is my mastermind ideastream.
Let our small businesses be a cashstream rather than a taxstream for thousands of gummit servicestreams and welfarestreams. Send them downstream, preferably without a paddle.
I don't mean Alan Bollards calculations of the billions destroyed in the credit crunch, but rather a damning indictment of the Helengrad years, how Clark and Cullen frittered away the best economic circumstances in a generation.
Thus, you might want to read this report in full that John Whitehead, secretary to the Treasury, presented to the summitt after Bollard gave his speech.
Whitehead talks of the changes needed to get the economy moving.
The issue of productivity is raised and he reveals how New Zealand was way behind just about everyone else during 2001-2006.
If we want good jobs and higher incomes we have to keep a focus on productivity.
So how does government help?
The role of government is to provide the environment for that to occur. At present that requires a focus around three broad areas: investment, regulation and skills.
Whitehead noted a need for credit, but more significantly pointed out New Zealand becoming increasingly regulated, much to our cost.
The sure way to kill innovation, investment and change isto have rules or laws that discourage or prevent it. We've seen nearly 30,000 new pages of primary legislation over the last decade and a slip in our competitiveness as this slide shows.
Whitehead then looked at government debt and spending, noting a structural deficit heading way into the future.
These projections keep the same spending track as present. They illustrate not simply a shock but a structural deficit. This highlights the need to reduce spending and extract much better value out of the $60 billion of core government spending.
After showing a graph revealing a growing debt burden, he continues:
No-one will want our debt to return to these projected levels - close to 80% of GDP in 14
Debt like that is a credit rating risk, will make the cost of investment and lending higher for
firms and households and represents a major financial burden. Over the next five years
the cost of debt servicing will nearly double to $4.6 billion.
All that means that while some fiscal stimulus has been warranted and is sensible, we're
deluding ourselves if we think we can simply spend our way out of our troubles.
This Summit is about working together to find new ideas and practical answers.
We want to ride out this recession in the best way we can: protect the vulnerable; maintain
and enhance our skill base; and come out better placed to seize the real opportunities that
In my view the way to do that - the do's and don'ts are:
• Do prepare for the future - with better skills and innovation
• Do protect the vulnerable; not the status quo
• Don't pass on a huge debt burden to the next generation
The U.S. economic contraction in the fourth quarter was deeper than the government first estimated, with other reports today signaling little prospect of relief until at least the middle of 2009.More pleasant headlines here, just for a rainy Saturday.
Gross domestic product shrank at a 6.2 percent annual pace from October through December, the most since 1982, the Commerce Department said today in Washington. Separate figures showed consumer sentiment and business activity dropped this month.
The comment that no relief possible "until at least the middle of 2009" is hilarious.
I'd say add 10 years: 2019.
The Scottish bank's loss of 24.1b was reported as comprising 7.8b of trading losses and 16.8b of writedowns caused by paying too much for acquisitions, notably ABN Amro.But, but, but, but, but we won't be affected by the banking crisis. A certain Michael Cullen told us so didn't he?
NZX chief executive Mark Weldon, chairing the jobs summit in Auckland, said the bank's withdrawal from New Zealand was a stark reminder that New Zealand could no longer rely on stimulus and funding from overseas.
"They are now largely owned by the Queen and are less willing to provide credit to Tauranga instead of Bristol it's that simple."
The fact that New Zealand investment markets had one less firm operating showed how vulnerable the country was to the global downturn, he said.
Friday, February 27, 2009
Can't say I have ever been too fond of the Warehouse, with it's aisles packed with cheap, but expensive, Chinese-made tat.
When it comes to getting a bargain, I believe you do far better at Briscoes and Farmers. And the main supermarkets are better on food as well, when it comes to Warehouse Extra.
Anyway, I had to smile watching TV1 News tonight when it mentioned the Warehouse being fined over $200,000 for various dodgy practices.
So much for Stephen Tindall and his ethics, and pro-Liarbour talk of Sustainability, when his company has been shown to be the most rapacious, greedy capitalists around, misleading his customers like this.
But that's the thing about the left, they are the most guilty of hypocrites!
I am the idiot by the way. I made this median price graph up for my own use but thought I would share it.
The commentators saying that now is the time to buy, IMHO are jumping the gun.
For the simple reason that graphs do not make sudden changes in direction without good cause. I will be basing my decisions on the middle line as it shows that in 10 years (about the timing to sort the current mess out) this is where house prices should be. Personally I can't see the worst case happening as low interest rates will shore up the market and people will still need places to live. No matter what happens, property will be a long term investment once again. The days of the big jumps like we saw from 2002 to 2007 are gone.
How the US media elected Obama and gave us a president incapable of handling the global economic crisis
Remember the US elections, and the media being so 'in the can' for Barack Obama, with their knives out for Sarah Palin.
It must rank as the most disgusting spectacle that this journalist have ever seen; and I have experienced the BBC, as well as eleven or so years of journalism in New Zealand.
Now, US filmmaker John Ziegler has begun ruffling a few feathers, with his movie that opens in the US tonight.
Media Malpractice: How Obama got Elected and Palin was Targeted, highlights what might be seen as the 'death of journalism' after reporters proved unable to handle the campaign fairly.
Of course, there has been much to say about how the New Zealand media handled our own election. I recall TV3 was notably bad, and the Sunday Star-Times, along with National Radio remained firmly in Uncle Helen's camp.
However, it wasn't as biased as it had been in election 2005, and some on the left claimed Granny was in the can for National.
However, I was horrified by the far worse scene in the US, with much abuse heaped on Palin and overwhelming adulation given to the ObamaMessiah.
Now, what is the result of this?
We have a US President inexperienced and incapable of dealing with the economic crisis upon us. We have a US president making huge blunders with his appointments. We now have a public finally waking up to the pup sold to them by the media, as noted by Obama's falling ratings.
As as seems likely, the US voters will pay for the media's folly, but so will the world.
America in its time of greatest need, now has a leader who is clearly not up to the job of tackling such a crisis.
Obama's failures, becoming clearer all the time, will mean the loss of millions of jobs, a recovery delayed, and who knows what untold damage in the sphere of foreign affairs.
Wiser, more experienced heads, like John McCain's were available.
The US could have taken a diffferent route, a balanced route, reflecting more bi-partisanship since both houses are controlled by the Democrats.
But as we see a country failing miserably under Obama, and its Democrats hegemony, thanks to the Liberal media. Once the US voters realise how much this has cost them personally and their country, what revenge will they seek on the MSM?
I leave you with that other clip, taken on election day of Obama voters.
And here's Sarah Palin, interviewed by John Ziegler.
Revised version cross-posted at Barnsley Bill.
The other day I was surprised to discover that the library I work in has an original edition of Walter Weidauer's "Inferno Dresden : Ueber Luegen und Legenden um die Aktion "Donnerschlag" (Inferno Dresden: lies and legends about Operation Thunderclap). It was published in East Berlin in 1965, and is noteworthy for providing a historical perspective of the firebombing of Dresden grounded in the Deutsche Demokratische Republik's "really-existing socialism" (a term that residents of the DDR considered as blackly humorous as did non-residents).
So far I've only read the author's preface and looked through the illustrations. Naturally the illustrations include dead German soldiers outside Moscow in 1941 along with a caption about the fascists freezing to death, and some reproductions of death sentences pronounced by the fascists on sensible deserters from the Wehrmacht. There are even a few illustrations relating to the bombing of Dresden, including the spectacular rebuilding of the city into ugly concrete shitheaps by the happy and industrious socialist citizens of the DDR, with the generous support of their Soviet comrades.
The author is keen to stress that we need to keep the example of Dresden in front of us, as there are forces in the West keen to see a similar bombing campaign against the cities of the DDR, this time using atomic weapons. All I can say is, I wish he'd be more specific about these forces because they sound bloody dangerous. Some time is also spent demolishing Western historians of the raid for the egregious distortions and lies with which they attempt to make the socialist saviours of civilisation from the fascist menace look bad.
So far, my main thought has been that it must have been such an unspeakable prick of a thing to visit the bookshop or library knowing that this kind of old cobblers was going to be characteristic of every single title available. It'd be like a new circle of Hell - those who enjoy reading and didn't do enough to prevent bolsheviks taking over get to be surrounded by huge numbers of books, all of them spouting laughable bolshevik propaganda.
I'm torn between the fact that this book is going to be very high in amusement value, and the fact that its subject matter is the mass murder of tens of thousands of people. To counteract the humour value of the above story, here's Kurt Vonnegut on his experience of the raid. An exerpt:
For “salvage” work, we were divided into small crews, each under a guard. Our ghoulish mission was to search for bodies. It was rich hunting that day and the many thereafter. We started on a small scale – here a leg, there an arm, and an occasional baby – but struck a mother lode before noon.
We cut our way through a basement wall to discover a reeking hash of over 100 human beings. Flame must have swept through before the building’s collapse sealed the exits, because the flesh of those within resembled the texture of prunes. Our job, it was explained, was to wade into the shambles and bring forth the remains. Encouraged by cuffing and guttural abuse, wade in we did. We did exactly that, for the floor was covered with an unsavoury broth from burst water mains and viscera.
A number of victims, not killed outright, had attempted to escape through a narrow emergency exit. At any rate, there were several bodies packed tightly into the passageway. Their leader had made it halfway up the steps before he was buried up to his neck in falling brick and plaster. He was about 15, I think.
It is with some regret that I here besmirch the nobility of our airmen, but, boys, you killed an appalling lot of women and children. The shelter I have described and innumerable others like it were filled with them. We had to exhume their bodies and carry them to mass funeral pyres in the parks, so I know.
The funeral pyre technique was abandoned when it became apparent how great was the toll. There was not enough labour to do it nicely, so a man with a flamethrower was sent down instead, and he cremated them where they lay. Burnt alive, suffocated, crushed – men, women, and children indiscriminately killed.
For all the sublimity of the cause for which we fought, we surely created a Belsen of our own. The method was impersonal, but the result was equally cruel and heartless. That, I am afraid, is a sickening truth.
Thursday, February 26, 2009
Maybe the gummint could bail out Air NZ? Oh wait it already has. How much has that lost us?
And the previous finance minister bought a train set that is already losing us money we don't have.
Planes, trains and automobiles? Wasn't that a movie?
We don't manufacture cars any longer, thankfully.
But we do manufacture washing machines and dishwashers.
Maybe Fisher & Paykel will be our very own Planes, Trains and Washing Machines.
spend someone else's money.
Actually, talking about finding happiness, this is what happened to me.
When I became a Christian several years ago, I thought to myself
"Ah, I'll just look up "happiness" in my new bible and all will be revealed"
So imagine my shock when I discovered that, in my bible anyway, that the word "happy" barely rated a mention.
I eventually worked out that happiness is an imaginary target and really is only a state of mind achieved by living a fulfilling life.
Thankfully, the Bible has plenty of advise on that subject.
I recommend giving a wide berth to anyone who peddles "happiness" and even worse, its
PC new age buddy "wellness"
Audrey Young of the New Zealand Herald looks at the performance of various ministers after the government's 100 days of office.
In her report card, she's given some high marks too, including nine for the Prime Minister.
Bill English scores seven, and while I've never been a fan of Bill, I am impressed by his realisation of the seriousness of the economic situation.
Stories like him saying government sees unemployment as the country's top priority highlight a government in touch with the issues and not shying away.
There's Judith Collins too, beavering away at Corrections (I am sure Crusher will finish off Mathews).
Steven Joyce also has issues with broadband and transport to grapple, and he seems to be.
Not mentioned, is Rodney Hide tackling local government over high rates and excessive spending and waste. Well done Rodney! A nine or ten from me.
We have a government that can look back with price at its achievements over its 100 days. Things like scrapping the Electoral Finance Act, initiatives on crime, health, education, its proposed Jobs Summitt, issues Garth George also raised below.
Even so, in times as tough as this, and even with an invisible opposition leader, there will be no time for National to rest on its laurels.
Is there anything else we can say about John Key and his government's first 100 days.
UPDATE: Government says it achieved all it set out to in its 100 days.
Garth George today talks about freedom breaking out in New Zealand.
Schoolkids can buy pies, people can buy incandescent lightbulbs.
People are allowed to take more responsibility for themselves.
Of course, I am sure our Libertarian friends will remind us there is much more to do to fully restore the beacon of freedom on these shores.
Now, here's a reminder from Whale Oil of the cause of the return of some of our freedoms.
Something to be thankful of everyday, so as John Boy celebrates 100 Days in office, let us raise a glass to him too!
Well, it is hardly surprising.
Wednesday, February 25, 2009
Adolf looks forward to becoming a regular customer of Pak n Save in Wairau Rd. I hope they have a decent range of fish, shellfish and prawns, along with regular discounts on my favourite brands of shiraz and chards.
Here is a cover sheet for his CV
and good bloody riddance
“we won, you lost, eat that"
“I ripped off the high country farmers whose generosity made it possible for me to go to Christ’s and now in Parliamant I propose to do the same thing again”.
"Proponents of the term consider the costs of prizing material wealth vastly outweigh the benefits.
"Selfish capitalism causes mental illness by spawning materialism, or, as I put it, the affluenza virus - placing a high value on money, possessions, appearances (social and physical) and fame.
As they survey the scene, much is turning to custard for the watermelons.
You think they might have it all, but they do not.
Global Warming may have been accepted by the media and governments, but increasingly the public are sceptical, especially as the weather has been getting colder this past ten years.
And as families suffer from recession and unemployment, the environment will not be quite as high on the agenda as before, either for householders or the governments elected by them.
Indeed, the Green agenda has often been shown to be wrong, be it bio-fuels, the deadly lightbulbs, or the environmentalist opposition to bush clearances causing many deaths in the recent Victoria bushfires. Indeed, the crowing over climate change causing the bushfires will backfire bigtime over the Tasman.
Now, with our own Greens, we will see heaps of praise given to Genetix. She will be canonised by much of the media and political community in the weeks ahead, just like Rod Donald was when he died.
True, there will be bloggers like Liberty Scott, Peter Cresswell, and Cactus Kate who will point out the many faults of Jeanette Fitzsimons, but relative to her successors, she will be a giant. It will be tough to fill her shoes.
And this point will be magnified by the praise heaped on Jeanette as she departs the scene, something John Key, David Farrar and myself realise, in our relative kind words. The bigger Jeanette is built up, the smaller will appear her successor.
And what a delightful array of potential successors we have!
The mad Marxist Sue Bradford, whose best contribution to New Zealand is section 59 and wanting to ban so many other things.
Then we have the anarchic Maori lawyer Metiria Turei.
And we might even have the totally nutty Catherine Delahunty if she makes a late bid for the leadership.
In a changing economic and political climate, and with the Greens now lacking the saintly and trustworthy Genetix, there is only one way for the Greens in New Zealand and that is down.
And a new and inexperienced leader could well seal their extinction as a parliamentary force in 2011.
Let us hope so!
Tuesday, February 24, 2009
Crusader Rabbit today links to Melanie Philips who gets short shrift from the Daily Mail readers by the hundred.
As KG says, the interesting bit is not so much what Mel says, but the comments from the readers below.
Mel makes the usual cry of ‘racist’ against the BNP, following its council by-election victory in Kent last week. It only is one council victory, but the UK media is apoplectic over the result. It’s almost seen as the end of civilisation.
But why are the British middle classes revolting, such as these readers of the Daily Mail, who should be natural Conservatives; why have they turned to a party regularly painted as a bunch of fascist thugs and bullyboys? And since the council seat the BNP won was in one of the less desirable parts of Kent, it shows Liarbour voters are also turning to the BNP.
Naturally much has been said about both parties not representing the voters anymore over issues like immigration, the European Union, multiculturalism. No-one represents what might be called mainstream, small-c conservative values anymore. Dave Cameron and his Liarbour-lite Tories are seen as little better than Gordon Brown and his ZanuLiarbore.
Then we have economic pressures too, fuelling a feeling of decline in Britain, of a country and a culture at war with itself, destroying itself on the altar of political correctness. There are tales aplenty of the easy ride immigrants get, as the video posted above shows. Its bad enough supporting enough indigenous scroungers without having to fund immigrants who hate their new host country, its people and way of life.
Now we face a recession. “British Jobs for British Workers” cried Gordon Brown, a promise he knew he could not keep as it was against EUSSR law. But the people want it and it’s now a rallying cry for the BNP.
And middle England, the middle class, the coping classes, as the Daily Telegraph calls them, are struggling too, so no wonder these Daily Mail readers seek sanctuary away from the two Tweedledum and Tweedledumber parties in favour of something different like the BNP, even if as a protest vote.
Now, the polls show Dave Cameron and his 'Red Tories' at 12-20% in front of ZanuLiarbore.
But surely, with Gordon Brown presiding over the destruction of a country and its economy, a country seemingly overrun with immigrants and crime, a country taxed to death and deeply in debt, a country where civil liberties and freedoms disappear fast unless you are a muslim terrorist, and a government where almost all its ministers are embroiled in sleaze and corruption, well the Tories should be invincible.
But as they are a mirror image of the party they seek to replace, I guess that is why, despite its alleged racism, its left-wing economics, that Britons are seeking out the BNP, the novelty of once again having a party that puts them first.
UPDATE: Why BNP success was no surprise, posted over at Barnsley Bill a few days ago.
By my calculations, PS was reached in Christmas 2007.
Then the western world's ability to buy consumer goods peaked and has been in decline ever since.
The credit crunch, recession and redundancies are compounding the paradigm shift that is going on in people's minds - do I really need it/ can I afford it/did I ever really need it?
What are the implications.
Well firstly there will be many relieved men out there.
Seriously, this is why governments should be no where near bailing out companies that make consumer goods, such as our own F&P, right up to the largest electronic and car manufacturers.
The growth reports that these companies modelled ther business plans on are now fish and chip wrapping. Like rivers they must now be allowed to run their natural course. Some will make it, others will dry up.
So where is the good news.
Well firstly, people will think of smarter ways to provide goods and services. This may not involve large shopping malls were the landlord sucks up 20+%.
Secondly,our society may become smarter as we look for new ways of doing things. Actually the new ways will really just be a reinvention of the old ways which served humanity well for 1000's of years, making do, going without, simpler entertainment, basic healthy food etc.
The really good news is that NZ will become a highly desirable place to hang out.
Our stability under a business orientated low tax government ( if the Nats are up to it), the ability to produce clean commodities, the least worst state of our banking system and the ability to make an honest return on investments will see good people and money queuing up at our borders. NZ passports will be gold and our beaches and mountains full of people enjoying low cost fun.
As Dohbama and Drown destroy the value of the usd and pound, plenty of people will be looking wishfully at NZ.
Bank on 1nzd=1usd one day, maybe sooner than you think.
Jeanette has done a wonderful job of getting Marxism into our country.
Her well meaning pumpkin patch naivety was exactly what was needed.
The problem is that now the hatch has been opened, unlike the poor citizens of Troy, we are ready. (94% of us to be exact)
Monday, February 23, 2009
First, the headline:-
Three strikes sentencing policy doesn't stack up, says Key
Then the actual story:-
"Prime Minister John Key says estimates that the Act Party's "three strikes and you're out" sentencing policy will cost more than $30 billion over 25 years do not stack up."
"Mr Workman estimated costs were $500,000 a bed when a new prison was built which was how he came to the $7.5b figure.
On top of that would be $1b a year annual operating costs. He said it cost $75,000 a year per inmate. As well, prison populations were already growing.
Mr Key said he did not accept the argument.
"I don't think that quite stacks up."
He said there would be no impact on prison muster numbers for a decade, as the law change would not be retrospective.
Also by the time someone was going to jail for a serious offense for a third time they would already be getting a long sentence."
So the headline has John Key saying the policy 'doesn't stack up' while the story has John Key saying the criticism of the policy 'doesn't stack up.'
This is such an appalling error that The Herald should print a retraction and apology.
NBR staff Monday February 23 2009 - 04:17pm
The government is to delay implementation of the controversial Section 92A of the Copyright Amendment (New Technologies Act) due to come into force February 28.
Prime Minister John Key announced at a post-cabinet press conference this afternoon that implementation of the controversial clause of the copyright legislation to be delayed until March 27.
“We are hoping that by that time we will have come up with a voluntary code of practice,” Mr Key said.
If no agreement is reached, Section 92A will be suspended.
Not a bad start to a professional career.
Sunday, February 22, 2009
The SST today contains the singularly unsurprising news that the foods people buy the most of are the ones that are mainly sugar (and before you write in to complain, as far as your digestive system's concerned white bread and tinned spaghetti just about are sugar). The news is unsurprising because that behaviour's built into us by evolution. For almost the entire period of homo sapiens' existence, our bodies have been laboriously turning meat, eggs, vegetation, nuts etc into glucose. 100,000 years ago, a big direct hit of sugar courtesy of honey or fruit was a rare treat and the fat your body laid down as a result could mean the difference between life and death later on. These days of course, you can have a big direct hit of sugar and the resulting fat deposit every single day, while at the same time never facing the food shortages that would make that fat something useful to have - but as far as your inner critter is concerned, a choice between glucose you have to process for yourself or a direct hit of sugar is still a no-brainer.
Of course, the fact that it's unsurprising people buy big cheap hits of sugar rather than food your digestive system has to process into glucose itself doesn't make it any less annoying. It's not exactly news that hitting your digestive system with a diet consisting mainly of sugar for years on end knackers your ability to produce and use insulin (mainly by constantly spiking your blood sugar levels and working your islets of langerhans to an early grave), and you end up as a type 2 diabetic. Or am I over-rating public awareness of this stuff? Either this isn't the common knowledge I'd imagined it to be, or a large proportion of the population is ruled by their inner critter. Most likely it's a bit of both.
So, yeah - we do want to encourage people to mostly stick to eating stuff their bodies have to laboriously process into glucose, not just constantly eating direct shots of sugar (whether of the Coke or white bread variety). That's a hard sell though, cos your lizard brain has half a billion years of evolutionary training to take the opposite view.
Enter the nutritionists and the politicians. Naturally, Sue Kedgeley's in there, with a proposal to ban something (nothing new there). As Danyl says, she never met a ban she didn't like. Annette King's in there as well, with a statement largely expressing ignorance (nothing new there either):
King said sophisticated marketing techniques fuel human beings' innate addiction to fatty, sugary and salty foods.
Er, this is like talking about human beings' innate addiction to breathing. The requirement we have for basics essential to the continuation of our existence is not "addiction." If Annette's managed to discover a way for humans to live without sugar, salt or fat, she should patent it immediately.
We don't expect any better from politicians, of course. But you could be entitled to expect better fron professional nutritionists. Unfortunately, this is not the case.
For me, the most annoying thing about all this food blather is the constant bollocks about "healthy" vs "unhealthy" food from nutritionists. For the record, "unhealthy" food is food that contains bacteria that will make you ill, is contaminated with something poisonous, etc. However, very little of the food labelled "unhealthy" by nutritionists comes into that category. When nutritionists talk about "healthy" and "unhealthy" food, they're applying moral rather than scientific labels.
Fact: Coke is good, "healthy" food. It's excellent food - so excellent in fact, that according to the nutritionist quoted in the SST, a litre of it provides enough energy for 2 hours walking. The only problem with it is that you basically have no requirement whatsoever for such excellent, top-grade food when you spend most of your time sitting on your arse. It's like putting avgas in your Daihatsu Scirion - excellent, high-grade fuel, but there's not much point when ordinary old 91 unleaded meets your requirements.
In short: the food on that list is "healthy" food. The "unhealthy" bit is you sticking so much of it in your gob that you end up as a mobile lard mountain with a pancreas that just can't keep up any more.
It would help with this stuff no end if we stopped pretending nutritionists and epidemiologists were scientists, and instead put them in the social sciences where they belong. Most of what nutritionists have to tell you about "healthy" vs "unhealthy" food comes from doing studies, identifying correlations, and coming up with theories to account for those correlations - if there is some basis on which this is different from sociology, I've yet to see it.
How about this: instead of a whole lot of moralising bullshit about "unhealthy" food, we just do some education on the connection between type 2 diabetes and a diet based mainly on the excellent, high-grade, "healthy" food on that list? Along with some serious anti-smoking-style horror-show shit about the amputated limbs, impotence, blindness and life on a dialysis machine following your kidney failure that are the eventual outcomes of uncontrolled or undiagnosed type 2?
Mr Turei should do two things.
First, go and read his Bible and second, realize that the cicada was far more nutritious than his fat laden fried potato chips or his Big Mac. It was full of fibre, protein, minerals, vitamins and other goodies.
Matthew Chapter 3, verse 4:-
4John's clothes were made of camel's hair, and he had a leather belt around his waist. His food was locusts and wild honey.
The Sunday Star-Times today looks at the bargains to be had in the property world.
Indeed, this is my experience of the property market up here in the Bay of Islands.
Barnsley Bill tells me the 'bottom has fallen out of the market.'
Years of Jafas coming up here and building their dream homes, and now they must sell.
If only I can get a full-time job rather than work for myself. As long as Barclays Bank doesn't collapse, I should be fine in the recession.
After years of bleating about high house prices blocking people out of the housing market, prices returning back to near-normal multiples will not only be good for them, but in time for us all.
If you haven't read it yet, scroll down to yesterday's piece on the recession we need to have.
As someone with close relatives who are suffering, both physically and financially, from the collapse of Blue Chip, I was appalled to read that Mark Bryers is still receiving money from one his "companies". How the hell can that still be happening?
I know this request, (see below), will set some people off on a tirade about things that seem too good to be true usually ending being just that, but from my observations of those embroiled in Blue Chip, it seems that they are mostly ordinary people with not a lot of investment experience or financial know how, and who were willing to TRUST those who put these proposals to them. The kind of folk that wanted a slightly better than modest return on their investment so that they could help fund a new car, a holiday, or a better bequest to their families. The kind of folk that, sadly, fall easy prey to the sharks that convinced them there was no risk in mortgaging their homes to fund deposits that were often stolen, but were supposed to have been put towards the purchase of apartments that had been seriously overvalued before they had even been built.
So here's my note of advice to John Key, who's probably well over getting helpful hints from me. But tough, my vote doesnt come cheap.
"JK, you could do a lot worse than going out of your way to create an environment in NZ where people can invest their savings in New Zealand enterprises confident that it won't be stolen to fund the lifestyle of some fat f..kwit. An environment that would also contains provision to ensure that those charged with such thefts can't thumb their noses at their victims from foreign locations, and where government agencies move heaven and earth to ensure that these matters are dealt with in a timely and just fashion.
The last shower that passed themselves off as government in this country failed dismally to do this, but perhaps that's because they felt that only rich pricks had money to invest, which I believe cost them more than a few votes last November.
So show us what you can do John.
Oh, and Mark.......
Slow fire. Testicles. Fuse wire. Suspended over.
That would wipe the grin off your face.
Get my drift??
Photo pinched from the Herald. Thanks guys.
Fitzidiot to announce retirement as co-leader of the Greens, as their rules determine that they must have a wimmin and a half man as co-leaders that leaves them with the choices pictured above.
Bwahahahaha.. Goodbye watermelons, you will not be missed by us.
Marxist Bradford or Nutbar Turei? Or dark horse Delanumpty? Please let it be the singing idiot.
Rod Donald must be ripping his rainbow tanktop right now.
Cross posted at Barnsley Bill
I'll bet if Veitch had been a Maori, Jackson would have been all over the airwaves with excuses. There is nobody as racist as a Maori racist. I hope Veitch sues his arse off and sends the sanctimonious and despicable prick bankrupt.
What ever happened to the notion in this country that you are innocent until proven guilty?
What ever happened to perversion of the course of justice? Sure this matter is sub judice and Jackson has just made sure that few New Zealanders will be able to give a fair hearing to all the evidence. I hope he is charged and convicted for contempt of court as well as sent bankrupt.
Saturday, February 21, 2009
The recession is a market correction of a hugely over-inflated housing market (it will correct, and home values will/may return to a more realistic level of appreciation). The recession is a reaction to borrowing on a massive and wholly unsustainable scale. The recession is the global economy snapping back, as rampant growth surpassed the finite resources we have available.
We should stop thinking of the recession as something we can spend our way out of, and just swallow our medicine. Governments, rather than trying to perpetuate a bankrupt economic status quo (see the reduction in V.A.T.), should be using funds to provide basic safety nets for those who fall through the cracks.
We should stop lying to ourselves. We need to be honest. We can’t afford to continue spending money we don’t have. Continuous growth is an illusion. Markets will fluctuate. That’s the way it is.
We spent more than we had. We borrowed beyond our means. And now we have to suck it up.