As truth is always the first casualty of war, so is education the first casualty of socialism. NZ kids started to fail at maths 40 years ago, and now these kids have joined National or Labour, NZ’s two main socialist political parties, and in the worst of two not very pleasant outcomes for the country,…
“Money money money, must be funny, in the rich man’s world.” So goes the old Abba song, but there has seldom been as much funny money afloat in western economies as when the climate scam became mainstream. The knack to investing is being ahead of the curve. You need to see the wave coming and…
With gas supplies rapidly running out, the Sth Australian govt decides to build a gas powered station to address failing electricity supply. The power supply is failing because of the State Premiere’s insane obsession with renewables, and the mad myth of global warming. Now he’s going to fix the problem with gas, when anti-fossil fuel govts…
Trendy as hell to identify oneself as a supporter of Free Trade. (FT) Also trendy to disparage anyone who does not support it as some kind of extreme left authoritarian anti-free market throwback. Had a few exchanges with pain in the arse Libertarians on Twitter recently, and unsurprisingly, especially when it come to those who…
Should voters really be surprised to see the NZ National Party lining up with communist Venezuela, and puffing wind into the sails of the murderous hate driven Hamas organisation? New Zealand has been on the slippery slope for at least fifty years. The rate of the slide has slowed somewhat under each period of National…
I was going to hold off on commenting on the TPP until I had seen some parliamentary debate but I’m not sure when that’s going to happen so decided to plunge in. As with a number of other such agreements it could be some time before the TPP becomes a reality. Once a free trade…
If there’s one thing that shows how crosswired the left are its how often they make the claim that NZ is on the road to hell because of the unbridled capitalism encouraged by John Key. According to the left, we’re suffering because of a rampant free market that is exploiting every last cent from the…
One of the memes currently being pushed by the progressive mainstream media is the idea that not enough tax is collected from corporations. So we have this enthusiastic witch hunt where companies and individuals are named and shamed as not paying their “fair share”. The real problem is that govts already take too much tax…
Here’s why I don’t like what’s going on in Auckland. 1) I value NZ culture and don’t want to see it used as a doormat by every other culture. 2) Its shows me that the NZ National Party don’t give a damn for NZers and NZ culture as long as they can fool the majority…
Greeks face the horror of closed banks as Thatcher’s day of reality finally arrives. They collectively voted for politicians who made each election an auction of other people’s money. And from the man in the street to the editorial writers in the Greek media, the politicians of every party, every businessman and banker, they all…
The Chinese government in 2010 passed laws limiting the purchase of commercial and residential real estate by foreigners. The idea of the regulations was to slow down real estate speculation and control inflation. The Wall Street Journal reports from Shanghai the effect of the new regulations would likely be small, since foreigners make up a…
I’ve said on here often enough that I’m not buying the idea that National are good managers of the country’s finances. IMHO they’re just another bunch of smoke and mirrors socialist charlatans, and I have the feeling we’re very soon about to learn this harsh truth in a most unpleasant way. National’s spin doctors like…
For four years at least Bill English has been promising to get the govt’s budget back into the black. However our debt has grown as each successive budget has failed to produce a surplus, and in this time I would say our interest on debt in real terms has cost the NZ economy around $30…
Some hard facts for the Key cheer squad to ponder- Statistics NZ reports that for the past five months, exports to China and Australia have both fallen, compared with the same month in the previous year. Falls in exports to China were larger than the falls to Australia. The value of goods exports to Australia…
The SMH reports that Australia, one of only 12 countries with an AAA credit rating, risks a ratings downgrade for the first time since 1989, United States investment bank Goldman Sachs has warned, saying the country could be hit with a “negative outlook” within months. Goldman Sachs made the assessment in a research note released…
Jeremy Warner writes an interesting article in the UK Telegraph on the global debt market. An excerpt- What makes today’s negative interest rate environment so worrying is this; to the extent that demand is growing at all in the world economy, it seems again to be almost entirely dependent on rising levels of debt. The…
After reading the Radio NZ report on the funding of this project by the Ministry of Business and I’m none the wiser as to why it received funding. What was the business case that swayed officals to give $180,000 of taxpayer funds to a so called “business” that will operate from Pehiaweri marae in Northland?…
The iron ore price in 2011 was $180 per tonne. Today its around $US35 per tonne. This fall has wiped billions off the worth of two of Australia’s top mining magnates, Gina Rinehart and Andrew Forrest. Rinehart’s estimated worth has dropped from $30 billion in 2012 to around $11 billion. Forrest’s situation is believed to…
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