Tuesday, October 14, 2008

LIVE BLOG: Key VS Clark-The Debate



In the TV One John Key/Helen Clark debate so far John Key has taken control over the debate so far and has Helen Clark flustered.

Key started off looking a little nervous.

Key is aggressive, has answered every question and has Clark on the ropes.

Clark looks nervous, inexperienced and taken aback by Key's bold move to take control

It is Key's defining moment as a leader and potential Prime Minister, he knows how aggressive Clark is and has managed to stamp a strong personality all over the place by moving first.

Questions on KiwiSaver, "affordable housing" and Kiwis going overseas have all been won by Key.

References by Key to the shower head controversy have already been dropped by Key and Clark has just got nasty over it.

What do you consider as rich was a question to Clark, answer: She waffled and couldn't really answer the question with any clarity at all.

Key: "If you can afford to pay for something without thinking..."

On managing a recession Key was deep on detail while Clark interrupted with more of the same from the last nine years.

The GW warming nonsense question was also answered much better by Key, Clark had nothing but rhetoric, greenwash and nonsense. Key had facts, figures and solutions.

Clark's favourite word "sustainability" came into focus.

A YouTube question, What does sustainability mean?

Unsurprisingly she couldn't answer it because in the way she uses it the word has no meaning and therefore cannot be defined.

On Law and Order Key was strong on their tough 3 strikes and out policy while Clark had to flounder in the face of her Government's past limp wristed stance on crime and record violent crime figures.

In particular the safety of our cops came into focus and Clark's answer was the introduction of the taser, which has taken two years so far but not yet happened. Key had a much longer and detailed answer citing clamping down on youth crime, drugs and more.

On a question of self defence in respect of dairy owners being robbed beaten and killed, Key had solutions based on reasonable levels of defending property and person while Clark's answer was that Labour introduced the It is Not OK campaign-which we all know hasn't worked.

Clark has that "sucking lemons" look on her face and she looks uncomfortable and she is losing the debate badly.

A bizarre question from Barry Sopher on John Key's stance on the 1981 Springbok tour was batted away with the contempt it deserved and Key took it to Sopher AND Clark.

Key is looking like he owns the studio.

On whether Labour's Universal Student Allowance is an election bribe Clark wasn't clear and waffled and Key said we couldn't afford the policy in the face of global financial turmoil. It is true we cant.

Key continues to critique Clark's poor past Government record on a number of issues and Clark is looking stunned.

On paying for education Key has emphasised standards and Clark once again repeats the mistakes of the last nine years.

I can see coming to the end of the debate why Clark has so far refused to go head to head with Key unscripted.

She is coming undone question by question-because she doesn't have the answers or experience- and I am loving it.

On what Key can bring to his new Government. A fresh approach to New Zealand, an aspirational rather than a confrontational approach to life and experience in financial matters.

Helen Clark was found wanting on her nine years of poor results and she couldn't positively go further.

Clark also took the opportunity to attack Key's background and she focused on her "experience as a pollie".

On Clark bullying the minor parties into removal, Clark said it would cause confusion with voters and debate watchers.

On Clark's relationship with Winston Peters in the future, Clark flip flopped quicker than flipper on a hot grill and she couldn't answer with a straight face.

Of course Key had the moral high ground. He will not go with the Bauble Boy.

A question on whether Clark would do anything to retain power, she smiled, shifted uneasily from foot to foot and quite frankly lied.

She and her party have already played in the mud pit and will get down and dirty as we come closer to election day.

While Clark didn't do too badly in the debate but her appalling record over the last 9 years let her down badly because she didn't have the confidence to answer anything in the affirmative for the future.

By comparison though, Key looked comfortable with the questions and his superior financial acumen shone throughout.

He dominated and won the debate hands down.

The next John Key Helen Clark head to head debate will be on November 5th.


Related Video




c Political Animal 2008




Labour set to enter our bedrooms

The shower head saga has come to a head again.

This time in the face of an election Labour deny that they will restrict your shower time and water pressure, even though Government officials are discussing that very thing right now and seem intent on passing it in February.

I wouldn’t ordinarily re-visit what might seem at first a trivial matter but it aint trivial at all. It is about New Zealander's freedoms. The freedoms that have been lost over the last 9 years of a Labour Government and it will not stop at the bathroom, it will be the bedroom next-there has already been discussion from the feminazi lawyers in government positions about relaxing rape laws so as to almost make written consent for everyday sex a wise thing should a male want to stay a free spirit and a woman withdraw consent after the act- and it will not stop there.

The shower head controversy is a symbol for what Labour have done to us and our freedoms and they will pass the new law if they get back in, you would have to be a filthy, smelly little greeny prick of a moron if you thought otherwise.

Let me misquote a famous Charton Heston quote.

You are going to have to prise my cold dead hands from my 20 litre a minute shower head if you want it.

Don’t let Labour screw you again, because they will.


c Political Animal 2008

VIDEO: TV One/YouTube debate - John Key vs Helen Clark, 7.00pm Oct 14, 2008






Combatting Crime



Further Debate Video





The Economy








Watch the first debate between National's John Key and Labour's Helen Clark, live on TV One at 7.00pm 14 October 2008.

Viewers can submit questions to the two leaders via YouTube and watch selected questions live on the 90 minute debate and watch it at Political Animal latter in YouTube Video.

So far Helen Clark has been the more silver tongued political animal, mainly by shouting down and interrupting her opponent, so it will be interesting to see if Mark Sainsbury will keep order so that we can hear what each candidate has to say.

The format of the last Presidential debate in the USA allowed the candidates uninterrupted speeches from questions asked from the studio audience and is the best format to get each leaders points across.
 
You can discuss the minutia of the debate here  your comments will appear at the bottom of this article. Who do you think won the debate?

Go here for a live debate blog rundown and Political Animal opinion.

The Next Key VS Clark debate is on November 5.



Share Investor Portfolio: Taking a beating

I haven't visited the old Share Investor Portfolio for a while to see how it is shaping up over all this global turmoil in our stockmarkets but I suspect it has taken more than a battering.

It might be good to share this with my readers so they can compare how well or indeed how badly they have done.

The biggest part of the portfolio, Sky City Entertainment [SKC.NZ] has dropped to NZ$2.91 as of today, Mainfreight Ltd [MFT.NZ] hovers just above 5 dollars , Fletcher Building Ltd [FBU.NZ] is below 5 bucks. Pumpkin Patch Ltd [PPL.NZ] is well below its IPO price of $1.25 and everything else bar Fisher and Paykel Healthcare [FPH.NZ] has had a good thrashing.

Including dividends, brokerage costs and tax credits the portfolio is down 0.75% .

So far it has withstood the riggers of the market rort but more bad news could come yet.


From Amazon

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Looking back @ the Share Investor Portfolio

Share Investor Portfolio
- October 29 2007
Share Investor Portfolio - December 9 2007
I'm buying
I'm buying: Redux
Why did you buy that stock? [Sky City Entertainment]
Why did you buy that stock? [Pumpkin Patch Ltd]
Why did you buy that stock? [Mainfreight]



c Share Investor 2008

FULL C-SPAN VIDEO: Third Presidential Debate: Hofstra University, Hempstead, NY, 15 Oct 2008

C-SPAN Debate Hub








Watch the third Presidential debate, to be held at Hofstra University, Hempstead, NY, on Wednesday 15 October 2008 at 9pm (ET) on C-SPAN. (2.00 pm 16 October NZ Time)

It is the Full C-SPAN video of the debate. 

To see the full Presidential debate video in parts please go here.

Barack Obama appears to be well ahead of John McCain and the latter will have to give the
performance of his life to peg back Obama's lead.

Lets hope he does for all our sakes.

Related Video





Monday, October 13, 2008

Labour backs dodgy finance company lending

Digging deeper into Labour's deposit guarantees for banks and other financial institutions we see that they have also backed dodgy finance companies, their free and easy lending practices and interrelated party lending-Doug Somers Edgar and his Money Managers crew must be running around in pure ecstasy right now.


This exposes the New Zealand taxpayer to billions of dollars of cost because more finance companies will collapse, no doubt about it.

The deposit insurance paid by the major banks will not be paid by finance companies because their deposits as a whole total less than NZ5 billion per institution, so the extra fees passed onto the major banks customers as a result of this deposit guarantee will be in effect subsidising those investors in finance companies who are getting more interest on their deposits.

The government backing of solid banks was definitely a good if not belated move by Labour but the bailouts that the Kiwi taxpayers are exposed to within the finance company sector make for dire consequences for the back pockets of every New Zealand taxpayer.

Related reading



c Political Animal 2008




Making Allowances for more votes

The cupboard is bare, the nations books revealed that when they were released last week. Labour and Michael Cullen has spent it all and we are in a recession with a global financial disaster a distinct possibility.


But hey presto, today another vote grab by Labour means $220 million per annum was found for universal student allowances, a conservative figure by Labour because it has been costed at far more than that by more reliable sources.

Last week it was $40 million for a farm purchase so Helen and her fellow travellers can go walking across private farms in the South Island, billions more for a raft of recent treaty claims "settled" and the week before that another $120 million more for KiwiRail.

Oh but when does it all end? I am betting November the 7th.

The big question is in the face of massive deficits where is all this extra money coming from?

Well, it could be borrowing and there is likely to be more of that but it definitely means higher taxes for the middle classes, the same people who will be sending their kids to University and the very same parents of those children getting the universal student allowance.

Cynical, greed based vote buying.

It isnt the end of it either.

c Political Animal 2008

Is that it?

So Labours response to an economy in possible meltdown?


"Guarantee" deposits.

It is voluntary for institutions and will cost banks. It is free in Australia.

And they announced it at their election kick off making it a political rather than an economic decision.

John key pleaded for a similar scheme last week, while Labour has dithered in the face of economic disaster.

The second arrow to their emergency response is to bring forward infrastructure spending. A good idea but something National will do as well. 

No mention from Michael Cullen about cutting back on wasteful Government spending, including the economy destroying global warming taxes that they have and will introduce.

Cullen is likely to step up such unproductive spending in the hope by him that it needs to go higher to "look after the vulnerable" but all that will do is put growth at risk.

Labours two moves have impact on the economy sometime in the future but there is nothing immediate from Labour to address current problems and there clearly needs to be.

It really is more of the same from the last nine years, an approach to the economy that managed New Zealand into its current recession.

It ain't enough.

c Political Animal 2008


Sunday, October 12, 2008

National Party kick off election campaign

The kick-off to Nationals election campaign in Auckland today. Slick, full of detail and with a message of aspiration rather than the politics of envy:


It's time for a change of Government. It's time for a fresh start.

I stand before you today full of confidence about New Zealand's future and full of the determination needed to lead that future.

Because I know you are looking for fresh leadership at this election and I am ready to step up and make sure you get it.

You are all rightly sick of political sideshows, bossy government, and yesterday's fights. You're sick to death of hearing about Winston Peters, and you're sick of being told what to do.



National's message sits opposed to Labours usual message in their campaign opening today: more taxes, more regulation and more meddling in our lives.

c Political Animal 2008

POLL: TV One Colmar Brunton Poll: October 12 2008

After a very poor showing for National in this Roy Morgan poll out Friday 10 October it will be interesting to see whether that will be replicated in today's TV One Colmar Brunton Poll for 12 October.

The latest Colmar Brunton Poll shows National on 51% and Labour on 33%.

This result follows on from the year long plus trend of National being ahead by a large margin.

Full Results

National has dropped back one point but it is still on 51%, well ahead of Labour, unchanged on 33%.

The Greens continue to gain ground, now on 8%. The Maori Party is not really featuring in the party vote, sitting just under 3%.

New Zealand First have crept up a little in the poll as have Act which is at 1.6%.

Translated into seats in parliament, National would govern alone on 63 seats, Labour would be in opposition with 41 seats and the Greens would have 10.

Assuming current electorate seats are held, the Maori Party gets four, Act two and United Future and the Progressives one seat each. Without an electorate seat, New Zealand first is out of parliament on these numbers.

In the preferred prime minister stakes, National leader John Key has come down a little but is still on first place on 39%.  Labour leader Helen Clark is unchanged on 31% and NZ First leader Winston Peters has dropped back one point to 2%.

Clark launched Labour's election campaign on Sunday saying the government has a plan to cope with the economic crisis, including implementing a deposit guarantee scheme.

And Key kicked off National's campaign, saying National is the party to lead New Zealand out of the economic gloom.


Colmar Brunton Polls

Labour dithers while economy is in danger of collapse

The world, and that includes little ole New Zealand is running close to the brink of financial collapse.


The credit crunch, a fallout from the sub prime meltdown has seriously affected global stockmarkets and it is only a matter of time before that seriously impacts our real economy.

Currently The Labour Government, through the lame-arsed mis-management of the economy by Michael Cullen, has us limping through a recession, but it could get worse if action isn't taken, and soon.

The rest of the globe is acting to intervene in this financial crises and over this weekend finance ministers from around the globe have convened in Washington to brainstorm solutions to the problem.

Cullen meanwhile is silent. He seems relaxed in the face of possible economic doom.

For a Government who has been hands on with intervention in the economy for nine years it seems bizarre that they are now hamstrung in the face of possible re-election or indeed just don't care about the serious position the world and New Zealand finds itself in, economically speaking.

For his part Cullen has been all over the place with the state of what has been happening in the United States and has been changing his opinion from day to day as to the seriousness of the situation.

Labour simply need to cut back expenditure on wasteful spending, cut taxes and use whatever spare cash there is to build infrastructure-it would be perfect timing for a new Auckland Habour crossing construction announcement, amongst other stuff.

Instead we get nothing from Labour, zip, zero, zilch, nada, sweet FA.

His only answer so far has been to pass more new taxes and restrict more personal freedoms.

Make no mistake, how this economic crises is attacked by Labour in the next week or so will mean the difference between a reasonably shallow recession for a medium term to a deep recession for a number of years.

Nationals response has been weak as well, but hey they are not on the treasury benches, Mikey boy is and so far he has failed.

Big time.


Related reading from Share Investor Blog



c Political Animal 2008

Learning from history


I haven't been purposely looking for an explanation of what is happening to global stockmarkets and what might happen to economies around the world but I stumbled on the following article from the Wall Street Journal when I was googling around for some info on Warren Buffett.

For me the following article puts the whole market frenzy and it current fear mode into sharp focus and gives some perspective, from history, about where we could be heading.

Here is a n extract from the article discussing Benjamin Graham's analysis of the US stockmarket in 1932:

Just eight days before the Dow hit rock-bottom, the brilliant investor Benjamin Graham -- who many years later would become Warren Buffett's personal mentor -- published "Should Rich but Losing Corporations Be Liquidated?" It was the last of a series of three incendiary articles in Forbes magazine in which Graham documented in stark detail the fact that many of America's great corporations were now worth more dead than alive.

More than one out of every 12 companies on the New York Stock Exchange, Graham calculated, were selling for less than the value of the cash and marketable securities on their balance sheets. "Banks no longer lend directly to big corporations," he reported, but operating companies were still flush with cash -- many of them so flush that a wealthy investor could theoretically take over, empty out the cash registers and the bank accounts, and own the remaining business for free.

Graham summarized it this way: "...stocks always sell at unduly low prices after a boom collapses. As the president of the New York Stock Exchange testified, 'in times like these frightened people give the United States of ours away.' Or stated differently, it happens because those with enterprise haven't the money, and those with money haven't the enterprise, to buy stocks when they are cheap."

After the epic bashing that stocks have taken in the past few weeks, investors can be forgiven for wondering whether they fell asleep only to emerge in the waking nightmare of July 1932 all over again. The only question worth asking seems to be: How low can it go?

Make no mistake about it; the worst-case scenario could indeed take us back to 1932 territory. But the likelihood of that scenario is very much in doubt.

WSJ.com

The great Crash of 1929 was not the low for the Dow though, that came 3 years latter, when on July 9 1932 the index hit 41.63. It was down 91% from its level exactly 3 years earlier.

Out of the 1929 crash came Benjamin Graham and David Dodds Security Analysis, the handbook or bible for subsequent Wall Street practitioners. It is a shame that modern Wall Street types seem to have ignored the main message of this book though:

While we were writing,we had to combat a widespread conviction that financial debacle was to be the permanent order; as we publish,we already see resurgent the age-old frailty of the investor-that his money burns a hole in his pocket. But it is the conservative investor who will need most of all to be reminded constantly of the lessons of 1931-1933 and of previous collapses.

Security Analysis - From the preface to the 1934 edition

Graham went on to say that "fixed value investments" can only soundly chosen if they are approached form a viewpoint of "calamity".

The last part of Benjamin Grahams advice is perhaps the most poignant and relevant to today's situation:

In dealing with other types of security commitments, we have striven throughout to guard the student against overemphasis upon the superficial and the temporary...this overemphasis is at once the delusion and the nemesis of the world of finance.

Quaint English but nevertheless well worth remembering.

I will finish this piece with something that I was watching on Voice of America last night.

It was from an individual which I cant remember but a female who has studied the 1929 crash and the subsequent depression.

She said that the crash itself needn't have caused a depression but the reaction of President Herbert Hoovers administration did. At first the government did nothing and then when it realised things might be bad it did all the wrong things.

It will be interesting if the current Bush administration has learnt from history and whether the next President, probably Barack Obama, will copy Democrat President Roosevelt's blanket socialism of the 1930s and spend taxpayers money to stimulate future prosperity.

Given this it would be curious to know why the current Labour Government in New Zealand are doing nothing in the face of massive economic uncertainty.


Related Links

Graham and Dodds Security Analysis: A review- buy it or download a free copy


Related Amazon reading

The Great Bust Ahead: The Greatest Depression in American and UK History is Just Several Short Years Away. This is your Concise Reference Guide to Understanding Why and How Best to Survive It

The Great Bust Ahead: The Greatest Depression in American and UK History is Just Several Short Years Away. This is your Concise Reference Guide to Understanding Why and How Best to Survive It by Daniel A. Arnold
Buy new: $8.95 / Used from: $22.19
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c Share Investor 2008




Friday, October 10, 2008

POLL: Roy Morgan Poll, Oct 10 2008

A big surprise from the latest Roy Morgan poll, is that it shows the gap between National and labour has narrowed to 3 percentage points.


In early October 2008 the New Zealand Roy Morgan Poll shows National Party support at 40.5% (down 7%), a tight lead over the Labour Party 37.5% (up 1%). If the Election were this weekend there would be a hung Parliament in New Zealand with either major party capable of forming a governing coalition.

Support for the Greens 9% (up 2.5%) has jumped to its highest level since April, while support for NZ First is 4% (down 1%), ACT NZ 3.5% (up 2%), the Maori Party 2% (up 0.5%), Progressive Alliance 1% (up 1%), United Future 1% (up 0.5%) and Others and Independents 1.5% (up 0.5%).

Continued

The poll goes against all other polls taken over the last few years that have shown the gap between the two only as close as 10 points but as high as 24.

Of the two most recent polls by other polling companies the gap was wider and consistent with the trend of National being well ahead of the incumbent Labour Government.

The TV One Colmar Brunton out October 5 showed National well ahead on 52% with Labour on 33%.

The TV 3 TNS poll out September 28 had National on 49% and Labour on 36%.

There is a possibility that the Roy Morgan poll is a rogue one and we will have to compare them to the next Fairfax and Herald Digipolls to see if there is a similar shift in support to Labour.

Until then, today's Roy Morgan poll results can be largely discounted.

Freedom Killer

Restrictions on what we can eat, drink, smoke, what we can say, how our kids play at school and whether we can discipline them, what light bulbs we can use at home, and now restrictions on how much water we can use when we are in our showers.


The Labour Party have passed new building legislation that will come into force in February that means all new houses and bathroom renovations will have their showers water flow restricted by law by 60%.

WHAT BUSINESS IS IT OF THE LABOUR PARTY WHAT WE DO IN OUR SHOWERS ? !!

I have lots of questions.

How will this restriction be enforced? 

Will we have shower police? 

Will we have web connected cameras ensuring we don't use too much water or power?

Will Jeanette Fitzsimons and Helen Clark be sharing a shower to save water?

The truth is it ain't funny at all. These small things are all attacks on our freedoms and these communistic type attacks on our way of life need to stop.

Who do these bastards think they are?  

The fact they can even contemplate these sorts of bizarre ideas and put them out there as "normal" behaviour just defies belief and commonsense.

An Editorial in Hawkesbay Today sums things up well for me:

What have New Zealanders done to deserve the growth of a culture of such busybody legislation? Is there nothing that can escape the dreadful ambitions of ideologues committed to straightening "the crooked timber of humanity"? It is but another example of creeping control that invades our lives for no other reason than a presumption that the state and its institutions know, far better than we do, how we ought to behave.


The Editor is discussing the banning of wood burners in my hometown of Hastings(a very cold place in Winter) and the merits of using heat pumps instead-don't we have a power shortage?

Of course the Greens and Labour who have pushed the banning of home fires forget that a locally sourced form of heat is far more efficient that electricity used in a heat pump because that electricity has to travel hundreds of miles to get to the source.

Bugger practicality though, as long as it fits the bizarre green agenda that Labour and its supporters push it is OK.

Hang on a sec, if I cant have a decent shower why don't I just have a bath instead.

Ah oh, baths could be next on the ban list.


c Political Animal 2008

Warehouse bidders ready to lay money down

If you were reading the Share Investor Blog last Sunday you would have read my latest opinion over the long running The Warehouse [WHS.NZ] takeover saga.

I basically pointed out the news that came out today that The Warehouse have finally officially kicked their "Extra" format grocery stores into touch.

Personally I don't think The Warehouse gave the Extra format enough time and scale to succeed, at 3 years and 3 stores, though at least the cost of withdrawal will not be too cumbersome for the company and shareholders.

The focus now lay on what the two predators Foodstuffs and Woolworths Australia [WOW.ASX] will now do.

Late night meetings in both camps will be par for the course and we may see a bid next week subject to advice from legal counsel for the two companies and lawyers from the Commerce Commission.


Disclosure: I own WHS shares

The Warehouse @ Share Investor

The Warehouse set to cut lose "extra" impediment
The Warehouse sale could hinge on "Extra" decision
The case for The Warehouse without a buyer
Foodstuffs take their foot off the gas
Woolworths seek leave to appeal to Supreme Court
Warehouse appeal decision imminent
Warehouse decision a loser for all
Warehouse Court of appeal decision in Commerce Commission's favour
MARKETWATCH: The Warehouse
The Warehouse takeover saga continues
Why did you buy that stock? [The Warehouse]
History of Warehouse takeover players suggest a long winding road
Court of Appeal delays Warehouse bid
The Warehouse set for turbulent 2008
The Warehouse Court of Appeal case lay in "Extras" hands
WHS Court of Appeal case could be dismissed next week
Commerce Commission impacts on the Warehouse bottom line
The Warehouse in play
Outcomes of Commerce Commission decision
The fight for control begins soon

Related Links

Warehouse results

Annual Results 2008 - Audio Webcast


Audited Results for the financial year ended 27 July 2008.pdf (1MB)
Warehouse Corporate profile
2008 Interim Report
Shareinvestorforum.com -Discuss this company


Related Amazon reading

Joining Forces: Creating and Managing Successful Mergers and Aquisitions

Joining Forces: Creating and Managing Successful Mergers and Aquisitions by Joseph E. McCann
Buy used from: $12.00


c Share Investor 2008

Thursday, October 9, 2008

Labour gets dirty, again

Labour seem to be trying to stop leaks with their restrictions on shower time and water use for Kiwis coming in February but they have today leaked more pointless stuff from Labour Party plants at a National Party conference held a few months back.

In the midst of a very bad week for Labour, the country is deep in debt and a Michael Cullen managed recession, with National's tax cuts gaining good public traction, Labour slip out some more dirt collected by one of their Labour Party insiders at The Standard, Labour's Blog site.

“Winning is everything my man,” he said in the tape. 
TV3.co.nz  , Bill English

Hardly earth shattering stuff.

The true colours of the Labour Party certainly shine when their backs are up against the wall but if the best they can do is leak mild stuff like this to a lap dog left wing media(the hopeless Duncan Garner)then they need to dig deeper and I'm sure they will.

Labours pointless muck raking says more about them than National.

It is desperate stuff from a party that will clearly try anything to win.


Related reading

Labour Party Blog - Labour's TV3 affiliated story on the leak


Political Animal 2008


John Key's knock-out blow

Michael Cullen's fury and condemnation of the National Party's tax cut plan and economic policies was clear yesterday. I doubt very much whether he slept much last night.

He didn't have much to attack Key on so critiqued the tax package politically rather than its practical measures(it ain't that practical to me though) because it is a package he would have liked to pass himself.

It gazumped Labour's own tax cuts in sheer figures but there was more icing on the cake in the form of big vote capturing for National.

It targets Labour's key demographic, the lower middle class and will capture a large number of voters come election day. It also concentrates on the middle class, where alot of swinging voters lay and the vote is going to swing National's way here again.

The Kiwsaver changes make sense, more money in peoples pockets now rather than forced to put too much away for latter, while at the same time keeping a portion of the savings quotient will be important during the coming Cullen managed deep recession.

Even the one trick pony Mary Holmes says the Kiwisaver changes make it much more attractive.

A simple master stroke of politics for Key. He looked very comfortable during his speech to the faithful yesterday and in a grilling by the Gnome on Campbell Live yesterday was very easy going and it was clear he was in his element.

To me it looked like John Key's knock out blow.

Labour isn't in a position to buy their way out of this election as an antidote to National's tax package, but look for them to try some sort of vote buying lunacy by playing around with numbers-a cooking of the books.





Wednesday, October 8, 2008

BOOK REVIEW: The Jewel of Medina by Sherry Jones

The Jewel of Medina by Sherry Jones is a book that was very nearly not published. Threats and a bombing against the original publisher by nutty Muslim extremists scared off Random House.

In August the publisher Random House US announced it was pulling publication because it had been advised that the book "might be offensive" to some Muslims and "could incite acts of violence by a small, radical segment".


There is nothing new about these sorts of threats from nutcase Muslims, they threaten to kill and indeed DO kill when someone dares to criticise their extremely violent and misogynist religion. 1 2 

Thanks to a new publisher Beaufort Books The Jewel of Medina is available to buy from Amazon.com.

Darren Rickard, Political Animal

Please read the reviews below.
The Jewel of Medina


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Product Description

Born Aisha bint Abi Bakr in seventh century Arabia, she would become the favorite wife of the Prophet Muhammad, and one of the most revered women in the Muslim faith. Married at the age of nine, The Jewel of Medina illuminates the difficult path Aisha confronted, from her youthful dreams of becoming a Bedouin warrior, to her life as the beloved wife and confident of the founder of Islam.


Extensively researched and elegantly crafted, The Jewel of Medina presents the beauty and harsh realities of life in an age long past, during a time of war, enlightenment, and upheaval. At once a love story, a history lesson, and a coming-of-age tale, The Jewel of Medina provides humanizing glimpses into the origins of the Islamic faith, and the nature of love, through the eyes of a truly unforgettable heroine.

Product Details

  • Amazon Sales Rank: #88 in Books
  • Published on: 2008-10-15
  • Original language: English
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  • 432 pages

Editorial Reviews

About the Author 
A professional journalist since 1979, Sherry Jones has won numerous awards and been published in magazines including Newsweek, CMJ, Southwest Art, and Rider. She is currently the Montana and Idaho correspondent for the Bureau of National Affairs, an international news agency in the Washington, D.C. area, and a correspondent for Women's e-News. The Jewel of Medina is her first novel.

Customer Reviews

A'isha is an unforgettable character!4

This book is an exciting page turner that tells a wonderful and compelling story about the beginning and maturation of the relationship between the Prophet Muhammad and his favorite wife A'isha. Through that story we get not only to see A'isha's character grow and mature, but we also learn something of the struggle of Muhammad and his followers to practice their faith, and worship their God as they wished. In the hands of author Sherry Jones, A'isha is shown as a remarkable and irresistible character. How A'isha learns to deal with these obstacles, how she learns to live as one of several wives of the prophet, and how the experiences contribute to her growth and strength as a woman constitutes the central conflict in the story, and its resolution is truly beautiful. The Jewel of Medina is historical fiction in the best sense of the genre. Jones' writing style is a pleasure, always inviting us deeper into the story, often soaring, and is always a veritable feast of metaphors! It is, of course, written with modern sensibilities, and the author takes full advantage of artistic license to create vibrant and living characters from historic personages about whom little in the way of everyday detail is known. If "text book" history is sometimes modified to suit the dramatic requirements of giving us a forceful narrative, the story is accurately anchored in history at all the key points, and thus gives us non Muslims a glimpse into the very human side of Islam and its founding prophet, and and particularly of his plucky and adventurous favorite "jewel" of a wife A'isha.

Jewel of a Story4

An interesting historical novel about the relationship between Muhammad and his real-life child bride A'isha, told from her perspective. There is genuine affection between the two, and Muhammad appears to regard her with special affection and respect despite the many demands made upon him as a leader. A'isha is shown to be an unusual young woman: wanting to prove her loyalty to Muhammad by actually scheming to participate as a combatant in the many battles that Mulhammed and his followers must win to survive.

Jewel of Medina is excellent5

I have just read the Jewel of Medina and it is an inspiring, well written adventure that brings the early days of the Muslim religion to life. This is my first exposure to the Muslim culture and it is a very positive experience. Muhammad, A'isha and Ali become real people expressing honest human emotions and a genuine desire for creating a religion of peace, understanding and equality. This is such a relief from their minimalist image portrayed by today's Muslim extremists. The Jewel of Medina held my attention from the opening prologue and never faltered. It is fast paced, complex, emotional and even lighthearted as Muhammad, A'isha and Ali each evolve into powerful leaders for their faith. Read the Jewel of Medina for entertainment, understanding and compassion.

Buy The Jewel of Medina in electronic version for $7.99

Flying High

News that Helen Clark took an Air force plane down to Invercargill to go electioneering for the grey vote yesterday should come as no surprise to kiwis.


She is well known for being extravagant at the best of times.

She took the Al Gore approach to greenhouse gases, one passenger in a large plane is alot of greenhouse gas for one person, but hell, just like Al Gore, if it serves your purpose and someone else is paying for it then anything goes.

Given the fossil age nature of our Air force planes I would have though it would be more reliable and faster to take the Crown Limo and the driver she had on that little excursion through the South Island a few years back to get votes for the coming election.

Time would have been of the essence considering it was a grey power meeting she was going to.

c Political Animal 2008

National's Tax Cuts lack bite



As I said this morning National's tax cut package is politically very good and will take it to Labour in a big way but unfortunately aspects of it are just unpractical and extremely unfair.

It targets Labour voters at the lower end and also gives good cuts to upper income earners.

It is the sort of tax package that Labour would put together- even though Cullen has been crying foul today-but were clearly caught napping on this one.

The cuts were not deep enough and didn't incentivize the lower paid to earn more. 

Additionally those that are taxed the most at the upper end are still paying too much.

I don't like National's tax package at all. It is too weak and lacks the punch needed in these turbulent economic times, but will win the votes come election day.

c Political Animal 2008

C-SPAN VIDEO: Full Second Presidential Debate-Belmont University, Nashville TN, Oct 7 2008

C-SPAN Debate Hub

  


This is the full video of the Second Presidential Debate held at Belmont University, Nashville TN Tuesday October 7 at 9pm (ET) on C-SPAN. (2.00 pm NZ Time) Video is 1 hr 39 mins running time.

With the focus mostly on Sarah Palin and dirty politics from all sides infiltrating the media, the Tuesday Presidential debate was a bit of a damp squib.

Senator Barack Obama is ahead in the polls but media coverage thus far has been won by the Republicans.

Obama isn't strong on unscripted discussion, while John McCain does has done an adequate job thus far.

I will be watching the Presidential debate as much as I can while I am working about the place and I will be watching it at C-SPAN via Political Animal at 2.00pm Wednesday 8 Oct (New Zealand time).

You can also see the second Presidential debate on Political Animal in full but in smaller parts here.

You can comment here about the debate. Your opinion will be visable at the bottom of this post.





POLICY: National's Full Tax Plan

National's Leader John Key has announced his party's tax package, which details changes to personal income tax rates and thresholds, and the introduction of an Independent Earner Rebate.

"Taxes affect decisions to work, save, spend, or invest, so tax can have a big impact on economic growth and future prosperity.

"Our tax policy is one of responsible reform. People want to know that valued public services will be protected and that effort will be rewarded. Business wants to know that competitiveness will be maintained and that consumer confidence will be supported."

Mr Key has reiterated that the package announced today requires no additional borrowing, or cuts to frontline services to fund it.

"There is, in fact, a small saving to be made, of $283 million, which will be used to begin reducing the operating deficit.

"The 2008 package sets out a three-year programme of personal tax cuts beginning 1 April next year. It delivers rate and threshold adjustments that will see those on the average wage better off by $47 each week."

As National has previously stated, this includes the just-introduced October 1 tax cut.

Mr Key says National will also introduce a weekly rebate for independent earners. These are personal income-tax payers with an annual income between $24,000 and $50,000 and who do not receive any form of financial entitlements from the government.

The rebate in 2009 will be $10 per week ($520 a year) and will increase to $15 per week ($780 a year) from 1 April 2010.

"We have ensured that our 2008 package is appropriate for the current conditions. We have also ensured that it does not restrict future movement on rates and thresholds. Taxpayers won't have to wait nine years to get a tax cut under National.

"Our medium-term goal is to deliver a three-tier personal tax system with the highest rate of no more than 33% on income above $50,000. This is what we will work towards as future economic conditions allow."

Click to download Tax Policy Paper (PDF)