Nats would not ban airport sale

Auckland airport has blown up into a big political row after National leader John Key suggested he would not stand in the way of a part-sale to foreign buyers. • Blog: Labour cock-a-hoop over airport move Share prices for Auckland airport tumbled yesterday after 11th-hour changes by the Government effectively blocked a 40 per cent shareholding […]

France best, U.S. worst in preventable death ranking

By Will Dunham WASHINGTON (Reuters) – France, Japan and Australia rated best and the United States worst in new rankings focusing on preventable deaths due to treatable conditions in 19 leading industrialized nations, researchers said on Tuesday. If the U.S. health care system performed as well as those of those top three countries, there would […]

Under Bush’s watch, decay of public firefighting has spawned billion dollar private industry

Trade group founded in 2000 now represents 10,000 private firefighters SAN DIEGO – After the Great Fire of London in 1666, insurance companies started issuing plaques to show private fire brigades which homes to save–and which to let burn. Insurers organized their own firefighting companies. Not having a plaque didn’t mean your home went totally […]

Report: Bonuses paid for dropping sick patients

John Key stated that if elected National would promote privatised care for the elderly.(Travellerev)  A health insurance company serving customers in a half-dozen states set out to drop hundreds of customers and paid lucrative bonuses to an executive in charge of eliminating coverage. One customer is suing the company, Health Net Inc., after a company salesman […]

Report: Bonuses paid for dropping sick patients

A health insurance company serving customers in a half-dozen states set out to drop hundreds of customers and paid lucrative bonuses to an executive in charge of eliminating coverage. One customer is suing the company, Health Net Inc., after a company salesman pressured her to switch to a Health Net plan only for the company […]

I Don’t Think That’s What They Mean By “Golden Opportunity”

Would you like your parents to be taken care of by the Carlyle group? A caravan of over 200 healthcare workers organized by the SEIU arrived in Washington DC today to demonstrate outside the Carlyle Group headquarters. What does that have to do with Jeralyn Merritt’s mom? Jeralyn’s mom lives in a Manor Care facility. […]

Half of NZ finance firms will go, says economist

Half of New Zealand’s finance companies are likely to disappear, according to ANZ/National Bank chief economist Cameron Bagrie. “I think we’re set for a real shake-out over the next 12 months,” he said. “The more marginal player is going to find it tougher,” he told the New Zealand Mortgage Brokers Association annual conference. “The weaker, […]

World Bank accused of razing Congo forests

The World Bank encouraged foreign companies to destructively log the world’s second largest forest, endangering the lives of thousands of Congolese Pygmies, according to a report on an internal investigation by senior bank staff and outside experts. The report by the independent inspection panel, seen by the Guardian, also accuses the bank of misleading Congo’s […]

China to Dump US Dollar as Confidence in Local Market Grows

“To the average American, nothing much has changed in the financial world… “According to ‘Business News’ on PBS, everything is actually OK – there is nothing to worry about. In fact, during the middle of 2008, all problems will be solved. But when will the Chinese ever dump their US treasury debts?” A good question: […]

Are the good times gone for good?

One of the most influential figures in the world economy, former US central bank chairman Alan Greenspan, has warned that the good times are over for the world economy. Mr Greenspan, who played a key role in managing the US economy as head of the Federal Reserve from 1986 to 2006, says that higher interest […]

Kiwibank’s $6m in troubled Northern Rock

Taxpayer-funded Kiwibank has invested around $6 million in troubled British lender Northern Rock, which was last week bailed out by the Bank of England. Spokesman Bruce Thompson confirmed the government-owned entity holds around $6 million in bonds issued by Northern Rock. Kiwibank was “very confident” its investment was safe, he said. “We’ve got a very […]

Nats may let landlords own state schools

National Party leader John Key is considering using private developers to build and own new state schools. He said such private sector involvement was seriously under consideration for the party’s education policy. “I think it’s entirely possible the private sector could build, own and maintain a property which is operated by the public sector,” he […]

Dramatic clawback has Govt breathing down Nats’ neck

Labour has fought back to within 5.2 points of National in the latest Herald-DigiPoll opinion survey. The clawback comes in a month when National’s leader, John Key, has not been in the media spotlight nearly as much as Prime Minister Helen Clark. The poll rounds out a bad week for National, which fumbled the announcement […]

Key’s compassionate conservatism, NZ’s George Bush clone

The Listener quotes Key promoting ‘compassionate conservatism’. It fails to point out that this term was borrowed form George Bush, who in many ways Key is a down-under clone- from his faux environmentalism to his dodging questions of foreign policy. Read more

NZ Super Fund just grows and grows

By Graeme Hunt Adrian Orr says the fund is committed to ‘responsible investment’. Photo / Paul Estcourt It’s less than four years since the country’s most unusual Crown entity started investing with $2.4 billion of Government money. It received a further $7.7 billion from the state along the way and now has a fund worth […]

Nervous US investors start to fear recession

Friday’s news of a buckling United States job market sent stock investors running for the exits, and this week promises to be no less stressful as investors grapple with the increasing possibility of an economic recession. The weekend also gave investors time to reflect on news that US employers cut payrolls by 4000 jobs last […]

American Economy: R.I.P.

Paul Craig Roberts was Assistant Secretary of the Treasury in the Reagan administration. He was Associate Editor of the Wall Street Journal editorial page and Contributing Editor of National Review. He is coauthor of The Tyranny of Good Intentions. A lifelong Republican.  By Paul Craig Roberts 09/10/07 “ICH’ — – The US economy continues its […]

Worst crisis for 20 years, say banks

LEADING bankers are warning of the worst crisis in the money markets for 20 years, which will come to a head this week when $113 billion (£57 billion) of commercial paper – market IOUs – comes up for refinancing. This huge refinancing, mainly through London, exceeds the $100 billion that became due in mid-August, and […]

Is China Dumping the U.S. Dollar?

September 10, 2007 | From theTrumpet.com Questions loom whether China is behind recent dollar sales—if it is, America’s way of life is about to change. The only question is how badly and how fast. By Robert MorleyThe U.S. dollar is standing at the edge of a cliff, and most people don’t even know it. Data […]

Housing market still slowing despite shock figures – banks

Figures showing a surprisingly strong rise in house prices over the past year are being downplayed by two of the country’s major banks. ASB chief economist Nick Tuffley said the shock finding from Quotable Value’s monthly report – that national property values rose 13.3 per cent for the year ended August – was out of […]

The selling off of Canada

By MICHAEL HARRISAt what point does Canada become a toy country? In August, the last of the major Canadian steel makers was sold to United States Steel Corporation for $1.1 billion. Earlier, Dofasco was sold to a European company which has since been swallowed up by Mittal Steel Co. of India. This latest foreign takeover […]

Communities Take Power

by Doug Pibel The Citizens of Barnstead, New Hampshire, Used Local Law to Keep Corporate Giants Out of Their Water Gail Darrell, center, and other Barnstead, New Hampshire, residents pressed for a law to counter the “tyranny and usurpation” of the people’s right to govern themselves, especially with regard to water. Gordon Preston, left, and […]

Sidney expects violent demonstrations

Journalists in Australian and New Zealand newspapers today speak feverishly of the worst ever violence to be expected in Sidney.(By the way the articles are exactly the same and show all the more that New Zealand’s main newspapers are now corporately owned and our news is managed and no longer independent.) John Howard blames the […]

Domino effect as another finance firm goes under

By VANESSA PHILLIPS – The Nelson Mail | Thursday, 6 September 2007Email a Friend | Printable View | Have Your SayRelated Links • Subscribe to Archivestuff • Have your say Advertisement AdvertisementAnother Nelson finance company, with links to failed firm LDC Finance, has nosedived into receivership, owing $16 million to investors. Long-established Tahunanui-based Finance and […]

Pro-Bush Group Allowed, Protest Group Banned at APEC

Paul Joseph Watson Prison Planet Wednesday, September 5, 2007 A pro-Bush organization have been allowed to demonstrate within the 3-mile-wide security cage that has been erected around the business district in Sydney for the APEC summit, while authorities have banned other protest groups from even marching up to the police line outside in a brazen […]

Sydney : Inside ‘The Cage’

“We’re Like A Bunch Of F*cking Rats In A Maze!” The ‘steel wall’ goes up only metres from the Sydney Opera House. Report And Photos By Darryl Mason On the outside of the ‘steel wall’ stretching five kilometres through the centre of Sydney, it looks like a fence. A three metre high, concrete reinforced fence. […]

Rice wants to visit NZ – Peters

United States Secretary of States Condoleezza Rice is keen to visit New Zealand, Foreign Minister Winston Peters said. He met Dr Rice yesterday on the fringes of the Asia-Pacific Economic Co-operation (Apec) forum being held in Sydney under tight security. read more

Key pledges to improve funding for private-sector care of the elderly

The National Party says funding for care of the elderly is inadequate, and it proposes regular increases in payments and more partnerships with the private sector. National leader John Key outlined proposals in a speech to the Health Care Providers Conference in Rotorua yesterday. He said New Zealand’s ageing population meant the private sector would […]