Monday, September 22, 2008
National's 2008 Election Policy
Posted by Share Investor at 3:00 AM 1 comments
Labels: National Election policy
Labour's 2008 Election Policy
Our commitment is to cut the cost to students of tertiary education. Will focus on quality and standards, support our schools, and make sure all New Zealanders have access to the training and skills they need to succeed today and in the future. more +
ACC (2005)
Labour is committed to ensuring the long-term viability of the scheme it introduced over thirty years ago, and will not return to a system of privatised work place insurance. more +
Disabilities (2005)
Labour is committed to building a nation where disabled people are valued and able to contribute to their maximum capacity. Labour's approach to disability issues will continue to be based on an on going commitment to human rights, partnership and inclusion. more +
Biosecurity (2005)
When Labour became government in 1999, we found the biosecurity of this country in an appalling state. We have moved decisively to address this situation. more +
Health (2005)
Labour is committed to improving the affordability, accessibility and quality of health services for all New Zealanders. We will continue to focus on preventative and primary health care and ensuring communities have access to the health services they need. more +
Immigration (2005)
Labour has refocused the immigration programme to facilitate the entry of those migrants who are best placed to contribute to the New Zealand economy. At the same time, immigration policy must ensure that New Zealand meets its obligations as a good international citizen, without compromising our country's security. more +
Employment Relations (2005)
Labour has restored balance to workplace relations with a series of legislative measures including the Employment Relations Act 2000, and the Holidays Act 2003. more +
Transport (2005)
Labour is committed to developing a sustainable transport system that is safe, affordable, responsive to the needs of users, and which contributes to New Zealand’s economic development, as well as social and environmental goals. more +
Law and Order (2005)
Government has a fundamental responsibility to protect the rights of its citizens, safeguard their security and ensure that the justice system is fair. A safe, secure and just society gives every citizen the opportunity to succeed. more +
Communications (2005)
Labour is committed to New Zealand being a world leader in using information and communications technology (ICT) for economic, social and cultural gain, and to ensuring that all New Zealanders can access the benefits that ICT can bring. more +
Foreign Affairs, Trade and Development (2005)
Our international trade and economic strategy is critical to securing prosperity for future generations of New Zealanders. As a small country New Zealand needs to be creative and strategic if it is to have influence on global affairs. more +
Science and Innovation (2005)
Labour believes that we need to make science and innovation the backbone of our economy if we are to be a successful and prosperous society in this new century. more +
Te Ahutahi (2005)
Māori are a valuable partner in the development of New Zealand's nationhood. Labour seeks to encourage dialogue with Maoridom regarding the role of the Treaty of Waitangi, and the rights and responsibilities of the Crown and Māori, and all New Zealanders. more +
Arts and Culture (2005)
Labour’s vision sees the arts, culture and heritage sector making a huge contribution to our nation’s life, and being recognised and valued for its role in defining who and what we are. more +
Defence (2005)
Labour believes that long-term local, regional and global security can best be achieved through working with our friends and allies, jointly and in partnership. more +
Tourism (2005)
Tourism is a major contributor to the New Zealand economy and Labour in government will continue to work in partnership to a secure and sustainable long-term future for the industry. more +
Small Business (2005)
Small and medium enterprises have flourished under Labour and have contributed in excess of one third of the nation's economic output over the last five years. more +
Manifesto 2005
The 2005 Labour Party Manifesto more +
Conservation (2005)
New Zealand’s natural heritage, with our unique plants and animals, makes our country one of the most special places on earth. This heritage and access to it are important to our sense of national identity. more +
Energy (2005)
Labour is committed to a secure, affordable and sustainable energy future. more +
Broadcasting (2005)
Broadcasting has an important role to play in building communities and reflecting cultural identity. Labour will continue to ensure that cultural diversity and identity are celebrated and that we hear and see New Zealand stories and issues through the broadcast media. more +
Fisheries (2005)
Labour’s fisheries policy aims to balance the competing priorities of commercial, recreational, and customary users, and to add sustainable value to our fisheries, while also providing for improved environmental performance. more +
Environment (2005)
Looking after our environment requires well considered, robust initiatives developed with the input of those affected by them. Labour’s approach is based on partnership underpinned by central government leadership. more +
Economic Policy (2005)
Labour’s objective is to increase the sustainable rate of growth of the New Zealand economy, consistent with protecting environmental values and securing an equitable distribution of income and wealth, in order to improve the quality of life of all New Zealanders. more +
Posted by Share Investor at 2:49 AM 0 comments
Labels: Labours 2008 Election Policy
Sunday, September 21, 2008
Labour Party Blog's convenient lies
The left is screaming foul at the latest polls that show the National Party maintaining a trend of leading Labour by a large margin for more than a year.
Posted by Share Investor at 7:16 PM 0 comments
Labels: Political polls, The Standard Blog, Whinging blogger
You can run but you can still smell the desperation
Posted by Share Investor at 9:48 AM 0 comments
Labels: desperate Labour
Saturday, September 20, 2008
POLL: Fairfax Nielson Poll 20 Sept 2008
A snapshot of the public mood after Helen Clark's election-date announcement shows it would take a huge swing to Labour for her to win a fourth term. Today's Fairfax Media-Nielsen poll, taken mostly in the days after Miss Clark named a November 8 election, puts National on 52 per cent support, 18 points ahead of Labour. The poll confirms a trend which has had National sitting above 50 per cent since November - and John Key ahead of Miss Clark as preferred prime minister for almost as long. It is a golden run of support that Labour will find difficult to break as the election date looms. In announcing the November 8 election, Miss Clark was banking on a long campaign to chip away at her opponent on the key issues of trust and experience. Fairfax Nielson polls
Fairfax Nielson Poll: August 16 2008
Fairfax Nielson Poll: 19 July 2008
Fairfax Neilson Poll: 21 June 2008
Fairfax Neilson Poll: 17 May 2008
Fairfax Neilson Poll: 23 Feb 2008
c Stuff.co.nz & Political Animal 2008
Posted by Share Investor at 8:34 PM 2 comments
Is this a dagger which I see before me?
Posted by Share Investor at 12:01 AM 2 comments
Labels: Bad Blood scandal, helen clark
Follow the Monopoly Board
One question an investor in the stockmarket might be asking themselves right now is just when should one start buying stocks again.
Warren Buffett used his massive multi billions in cash to buy an energy company, Constellation Energy yesterday for a bargain price and he seems to be the only person in the world buying things, except the US federal government buying up private debt to "stop the markets from crashing".
Clearly nobody knows just how long this credit purge is going to continue for but what we do know is that there is more bad news to come.
That would indicate to me that there is more downside risk for stocks to come.
As long as the purchase you make is one that you can afford to hold and not have to sell if you need the money then a good beaten down stock is definitely one worth taking an educated punt on.
If one uses the Monopoly Board type style of investing that Warren Buffett has been using over the last year, buying utilities and more shares in staple producing companies like Coca Cola and Kraft foods an investor would do well to purchase similar shares if they exist on the NZX.
So what would you buy and what is resilient in these times of economic uncertainly and market turmoil?
Any of our energy stocks would be a good buy, Trustpower Ltd [TPW] Contact Energy [CEN] and Vector Ltd [VCT] will all do well in an extended downturn.
A company that I own, Goodman Fielder [GFF] is an Australasian food giant with great brands and a whole range of staple food items from breakfast to dinner and all the snacks in between that people are still going to buy.
Auckland International Airport [AIA] which I also have a shareholding in, is another good monopoly that will do OK during a downturn and its shares are currently at multi-year lows.
Even Telecom New Zealand [TEL] would be worth laying some money down at anything less than $2.50 and it is getting close to that price. Even during a deep recession people will still need to communicate.
While there are plenty of cheap stocks worth looking at, especially in retailing, transport and export sectors and they are worth buying for a long-term investment, these companies are going to find the going tough during the long recession we are going to face.
Look for companies with strong brands, monopoly or near monopoly positions in their markets and the ability to cuts costs without impacting too heavily on their business.
The power companies that I mentioned would probably be some of the best performers over the recession and market sentiment as it currently is, that is, it is crap, like Warren Buffett you might get a relative bargain.
Related Amazon Reading
Everything I Know About Business I Learned From Monopoly by Alan Axelrod
Buy new: $11.65 / Used from: $2.00
Usually ships in 24 hours
c Share Investor 2008
Posted by Share Investor at 12:01 AM 0 comments
Labels: auckland international airport, Contact Energy, Telecom New Zealand, warren buffett
Friday, September 19, 2008
POLL: Roy Morgan Poll 17 Sept 2008
Federal Poll : Finding No. 4319 : These are the latest results from the Roy Morgan New Zealand voting research conducted with 823 electors across New Zealand between September 1-14, 2008. : September 17, 2008
In mid September 2008 the New Zealand Roy Morgan Poll shows National Party support at 47.5% (up 3%), a lead of 11% (up 4.5%) over the Labour Party 36.5% (down 1.5%) as the 2008 Election campaign begins.
If the Election were this weekend the National Party would lead the winning Coalition.
Support for NZ First 5% (up 2.5%) has rebounded after the party funding scandal that engulfed leader Winston Peters while support for the Greens 6.5% (down 1.5%) has fallen back.Support for the Maori Party was 1.5% (down 2%), ACT NZ 1.5% (unchanged), United Future 0.5% (down 0.5%) and Others 1% (unchanged). Full article.
Roy Morgan Polls Roy Morgan Poll: August 15 2008 Roy Morgan Poll: August 1 2008 c Political Animal 2008
Posted by Share Investor at 4:23 PM 1 comments
Labels: Roy Morgan Poll 17 Sept 2008
VIDEO: FREAKY FRIDAY FUNNY-Helen does YouTube
A parody of our dear leader, Helen Clark on the Facelift satire programme. She is doing a "video diary" in the style of that "LonelyGirl" did a few years back.
This likeness seems to resemble her more than her billboards do.
Related Political Animal Video
Posted by Share Investor at 12:01 PM 0 comments
Labels: Freaky Friday Funny, Video Parody
Darkness at the edge of Labour's South Auckland
A proposal for three teams of five guards "to be deployed across the city on a 24-hour, seven-day basis" is being discussed at today’s policy and activities committee meeting.
Community safety portfolio leader Dick Quax says it’s a response to community pressure for "greater safety measures" in the wake of several high-
profile violent crimes.
Their activities include patrolling town centres on foot or the streets in vehicles, providing a security presence for private and community events, and targeting anti-social behaviour, drunkenness, disorder and drink driving.
The main culprit is of course welfare, years of it, and with manifold increases in payments over the last 9 years there are "no-go" areas in South Auckland where you would want to don some Kevlar before entering.
Labours failed social experiment erupts: Again
You can take the family out of South Auckland
c Political Animal 2008
Posted by Share Investor at 7:05 AM 4 comments
Labels: private security, South Auckland
Pumpkin Patch takes a hit
Kids clothing retailer and manufacturer Pumpkin Patch Ltd [PPL.NZ] profit result out yesterday was a tale of two different stories.
Long-term and short-term stories.
In the long-term Pumpkin Patch will probably do very well but at the moment it is suffering and suffering for a number of reasons, some of them obvious and some of them not so obvious.
The biggest hit on its bottom line is being taken from its stores in the UK and the USA. Both these units are relatively small and have not been established for long.
Although they are growing revenue through increased store numbers, the cost of expansion-they opened 16 US stores last year bringing the total to 34-has hit overall group profit hard and an almost 9 million dollar loss for the year on US stores is a big hit when your profit tips in at just over NZ $17 million.
Not only is the expansion costing money but US retailing is in an even worse state than it is in Australasia, where the bulk of Pumpkin's sales and profit currently come from. The UK division has suffered a similar fate for similar reasons, although losses have been lower than in the US because the brand and its 35 stores in the UK have been established for longer and initial establishment costs have been somewhat ameliorated.
What I like about management's updated growth strategy for the UK and US is that only one store in each country will be opened in 2009 and they will concentrate on establishing the brand further, cutting costs and focusing on margins.
This outlook is the most sensible given current market conditions and the negative retail environment and may have to continue past the end of 2009 because of impacts from the credit crunch.
The break in store growth in these 2 markets will put expansion of the brand into hiatus and delay the economies of scale and logistical capabilities and brand growth that comes with a larger number of stores but the reassessment of growth plans is a decision based on the poor outlook for the retail sector.
Two positive factors in Pumpkin's profit release was the New Zealand and Australian arms of the business.
Australia's 107 stores achieved strong sales, up 11.4% to $198.5m and was the highlight of an otherwise downbeat profit result while New Zealand's 52 stores grew sales 2.0% to $65.6m.
These results were achieved in an Australasian retail market that is experiencing a severe downturn and a recession in New Zealand-management have done well in these two relatively mature growth markets .
The short to medium term for Pumpkin Patch is going to be tough, especially for their UK and US stores but there are some bright spots along the way. A more favourable exchange rate will have a positive impact in 2010 and the removal of quotas for their US stores on Jan 1 2009 will clearly be advantageous to the bottom line.
Long-term Pumpkin Patch has the designers, brand awareness and management to push the company to a major global success story.
Disclosure I own PPL shares in the Share Investor Portfolio.
Pumpkin Patch @ Share Investor
Pumpkin Patch Ltd move downmarket
Long Term View: Pumpkin Patch Ltd
Pumpkin Patch's North American Downsizing a Prudent move
Digging at Pumpkin's Profit
Long vs Short: Pumpkin Patch Ltd
Pumpkin Patch Buyback shows Confidence in the Future
Pumpkin Patch takes a hit
Pumpkin Patch ripe for the picking
What is Jan Cameron up to?
I'm buying
Why did you buy that Stock? [Pumpkin Patch]
Rod Duke's Pumpkin Patch gets bigger
Buyer of large piece of Pumpkin Patch a mystery
Pumpkin Patch a screaming buy
Broker downgrades of PPL lack long term vision
Pumpkin's expansion comes at a cost
Pumpkin Patch vs Burger Fuel
Pumpkin Patch profits flatten
New Zealand Retailers ring up costs not tills
Discuss PPL @ Share Investor Forum
Download PPL Company Reports
Buy Pumpkin Patch Clothing
From Fishpond.co.nz
Buy Bird on a Wire: The Inside Story from a Straight Talking CEO & more @ Fishpond.co.nz
c Share Investor 2008
Posted by Share Investor at 12:01 AM 0 comments
Thursday, September 18, 2008
Cullen pays 6 fold more than KiwiRail worth
It is no surprise that the purchase of Toll Holdings rail assets earlier this year were overpaid for but Kiwis can now officially know just how much.
Documents posted on the Treasury website reveal that in late 2006 officials valued the New Zealand’s rail system at $120 million, some $570 million less than the price the government paid for the business in July this year.
The paper trail clearly shows that throughout the lengthy sale process, Toll had the upper hand in the negotiations because it knew the government was not buying for commercial reasons. Toll also knew that the crown was under time pressure because it had to continue adequate funding to secure the financial viability of the rail business.
We are supposed to trust this individual to manage the New Zealand economy over the current recession given he spends taxpayer money like a drunken socialist?
Related Reading
KiwiRail rolls out Cutting edge technology
KiwiRail's First maintrunk service begins
Commerce Commission needs to derail KiwiRail owner
KiwiRail will cost Mainfreight
c Political Animal 2008
Posted by Share Investor at 8:47 PM 1 comments
Labels: Kiwirail, michael cullen, wasted taxes
Evidence conflict in Peters case clear cut in Glenn's favour
"They say the conflict of evidence is there as it has been all the way through."
Posted by Share Investor at 5:37 AM 0 comments
Labels: helen clark, Owen Glenn scandal
VIDEO: Michael Cullen trains for 2012 Olympic hurdles
Michael Cullen should remember, that the hand that takes eventually bites the hand that feeds it. Watch the good doctor practice for the 2012 London Olympic hurdles. Mob has Cullen on the run -Video From stuff.co.nz Deputy Prime Minister Michael Cullen had to hurry across a paddock and climb a fence in the Far North today when protesters blocked the entrance to a marae where a Treaty settlement was to be signed. A spokesman for Dr Cullen said the minister was not harmed and was not chased by the small group of protesters at Kareponia Marae. "He moved pretty quickly," the spokesman said. "The route was blocked, the car went another way and they had to cross a field." Lessons could be learned that one probably shouldn't critique the Mongrel Mob just hours before you enter the centre of their universe in Northland. I guess when you dish out the dirt you have to learn to take it. Related Videos on Political Animal
Posted by Share Investor at 12:01 AM 1 comments
Labels: Michael Cullen runs from the mob
Wednesday, September 17, 2008
RODNEY HIDE: Climate Change (Emissions Trading and Renewable Preference) Bill
Below is the contribution by Rodney hide on September 2 2008 to the Emissions Trading Bill debate. He is one of only two individuals in Parliament, the other being Gordon Copeland, to have the balls to go against the tide of make believe that is "climate change".
It is compulsory reading.
RODNEY HIDE (Leader—ACT) : I think I will be the only person speaking in this debate who has any qualifications in environmental science. It is not that that should count, but I think it is significant for what I am about to say—that is, that the entire climate change and global warming hypothesis is a hoax, that the data and the hypothesis do not hold together, that Al Gore is a phony and a fraud on this issue, and that the emissions trading scheme is a worldwide scam and a swindle.
Enacting this legislation will cost New Zealanders dear—that is the point of it—and it will drive up the cost of basic goods and services for New Zealanders, probably by at least $500 or $600 a year. It will put businesses in New Zealand out of business, and it will put farmers off their farms, and it will do all that for no impact on world weather, for no environmental gain, and for no conceivable advantage to New Zealand or to the world. Yes, it is bad that we are rushing this legislation through in the dying days of a teetering regime, propped up by a Minister of Foreign Affairs who is under investigation for serious and complex fraud. That is bad, but it is the impact that this legislation and this policy will have on New Zealanders that is so truly shocking.
All we have in this is a computer model. That is notoriously difficult, because the answers are written in the assumptions. Let me give members just one example. The problem for the first two reports of the Intergovernmental Panel on Climate Change was what was called the medieval warming period, whereby a thousand years ago the Earth was warmer than it is now. Then, magically, an obscure physicist in the US came up with a new bit of analysis—the “hockey stick” model—that showed world temperature to be flat and then rising dramatically as the world became industrialised. The Intergovernmental Panel on Climate Change grabbed this, put it on the front of its document, and repeated it five times.
Researchers all around the world were puzzled by this, because it did not fit any of their data. Eventually they got hold of that computer model and they discovered that any numbers fed into that model would produce the “hockey stick”. We could take the Wellington telephone directory, feed it into the model that the Intergovernmental Panel on Climate Change used in 2001, and we would get the “hockey stick”, which saw the world and policy makers running scared, and which Al Gore based his movie on. The science was rubbish, because a computer model is not science. Science is about theories, hypotheses, and the testing of those against the facts. That is not what has happened in the basic science here.
That is bad enough, but what is worse is the policy rationale underpinning this legislation. The Minister would come before the Finance and Expenditure Committee and talk about a “cap and trade”, but when asked, he would say: “Yes, there is no cap.” We are creating a market in hot air, without any quantified amount.
The CHAIRPERSON (Hon Marian Hobbs): It works.
RODNEY HIDE: It works. I will remember that. You are so lovely to me. [Interruption] Doug Woolerton over there knows the Vela cheques went missing; some of them went missing. I say to Doug Woolerton that they did not get all of them. I want to address clause 5—which covers the purpose of the Act. It sets out the purpose, and it is missing a couple of purposes, in my humble view.
One purpose that is missing is Helen Clark’s purpose. She knows that she is not going to be Prime Minister after this election, and she is wondering where one goes after being the Prime Minister of New Zealand. We know where Winston Peters is going after having been the Minister of Foreign Affairs. But Helen Clark does not want to be wearing a pinstriped suit with wide stripes and a number on it; she wants to be a big wheel on the world stage. So the purpose of this bill—clause 5—
I would like to add to clause 5(1) a supplementary subclause (c), and I will speak to that. Clause 5(1)(c) would explain that the purpose of this bill is to allow Helen Clark to look good on the world stage and say that she can become a big wheel in the UN because, when she was the Prime Minister, she led the world in producing the most comprehensive, economically destructive emissions trading scheme ever. That is what my amendment would say in clause 5(1)(c).
Helen Clark now does not care about New Zealand; she cares about what is going to happen to her after the election. She certainly does not care about the economic damage this legislation will do to New Zealand; I covered that in my earlier speech. She does not care about the damage that is done to her Government and to this country’s reputation by clutching Winston Peters, and his Tiberius corporation and the money from the Spencer Trust, to her bosom. Clause 5(1)(c) in my amendment would explain that. Helen Clark is kissing goodbye to New Zealand and saying: “Look at me.” Helen Clark knows that she is toast at the election, and I think it is appalling that we are rushing through this legislation, with 785 amendments, in the dying days of a teetering Labour-led Government, with a Minister of Foreign Affairs with no portfolios—all baubles and no work. The real purpose that we are putting through this bill is for Helen Clark to say to the rest of the world and to her lefty mates: “Look what I did. To hell with New Zealand!”.
I think this is a disgrace.
Posted by Share Investor at 9:21 PM 0 comments
Labels: climate change, Parliamentary debate, Rodney Hide