Posts by DexterX

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  • Hard News: Is that it?, in reply to BenWilson,

    Maybe.

    Auckland • Since Nov 2006 • 1214 posts Report Reply

  • Hard News: 2011: The Year Of What?,

    Looking at the cover of that book Breaking Silence; Macina King looks whimsically content. Recreating the Mona Lisa portrait pose would have looked appropriate.

    If one were going to trouble oneself to read a book this would not be what one would select. I have no sympathy for Macina King or Chris Kahui they are both with out worth and seem to have adjusted well to being infamous.

    I am pleased for Arie; The courts guidance to the police was ignored - it took an age for the switch to flip and the light to come on..

    The matter had to be substantially played out in the court of public opinion – firstly with Arie as the public face of looting (because he looks “different” – likely a beating and a lack of sleep will do that to you) and secondly as a person with autism being processed by the criminal justice system on account of his being autistic. The matter resolved once the heat was taken out.

    Auckland • Since Nov 2006 • 1214 posts Report Reply

  • Hard News: Is that it?, in reply to Steve Barnes,

    Trouble is, he was not talking about his ilk.

    Onoe could add to the list - bond and capital markets without adequate regulation..

    Auckland • Since Nov 2006 • 1214 posts Report Reply

  • Hard News: Is that it?, in reply to Steve Barnes,

    With respect – many of these posts, to me, show a lack of an understanding of the nature of money and how the economy operates.

    Looking at the size of the money supply and the cash that is actually in circulation is a good place to start and the role of financial intermediaries (particularly in the GFC) is a good place to start.

    I feel that the "developed world" is at the outset of a period of economic stagnation that will endure for decades.

    The arbitrary wave of the socialist magic want is not going to make it go away.

    Auckland • Since Nov 2006 • 1214 posts Report Reply

  • Hard News: Is that it?,

    Things to consider - if you are talking about wages and inflation - are that in addition to using interestes rate to feebly attempt to control inflation (and exchange rates) - the cost of labour - wages - is an essential part in regulating inflation .

    This aspect translates to the operation of Labour markets (in NZ) are vital in ensuring that wages (for the majority) don't keep pace with increases in living costs. The inequality in employment relation ships is vital to controlling inflation.

    Socially this aspect is dealt with by WFF where workers with out families fund tax refunds to workers with families to help them. It should be called working for other people's families.

    IMHO all recessions become a recession in wages.

    The food stamp card is a further nonsense and has quite dire wider social implications in regard to removing people's freedom and civil liberties. It is a beat up for election.

    Auckland • Since Nov 2006 • 1214 posts Report Reply

  • Hard News: Is that it?, in reply to BenWilson,

    My favored solution is to legislate good capital management onto everyone. To quite literally force people to invest wisely in their own futures.

    This sits nicely alongside what the Nats are looking to do with the food stamp card.

    Auckland • Since Nov 2006 • 1214 posts Report Reply

  • Hard News: Is that it?, in reply to DexterX,

    I must correct myslef it was Bart - it goes like this:

    Bart :"I am through with working. Working is for chumps."
    Homer :"Son, I'm proud of you. I was twice your age before I figured that out."

    Auckland • Since Nov 2006 • 1214 posts Report Reply

  • Hard News: Is that it?, in reply to Sacha,

    So is law. Let's just accept that pricing of labour is not a rational market.

    What has always amazed me about the pricing of labour - particularly since the Employment Contracts Act - is that the cost of living, with emphasis on lower wage levels, was not a consideration.

    In the system of economics and in the operation of financial and capital markets the only consideration for the pricing of labour is how little it can acquired and not what in equity and good conscience should be paid. When I studied economics and financial markets I kept waiting to see it but never did.

    The prevalent manner with which management of economies has developed is that the emphasis is not on providing goods and services for the people/populace – but rather a pooling of the people into a tax/revenue base to be plundered at will by government and corporate bureaucracies.

    The bail out for the GFC and the severe failure of economies is quite astounding

    Equity in employment realtions is a sore joke.

    We have a corporate in Infratil in receipt of millions of public transport subsidies and getting access to the NZ Fund and buying up Shell stations – deny a small group of workers who formed an independent union, initially 40 employees, have been trying to negotiation a collective since 2007. Short version an agreement reached in 2009 was not honoured and then a further agreement reached in 2010 and was again not honoured. These people have had no wage increase since 2007 and very few rights at law to force the issue.

    Infratil would be sorely pissed if for four years it didn’t receive, through NZ Bus, increases in it’s Public Transport subsidy and has no qualms about mucking about workers so they go without.

    Working people in essence have very few rights upon which they can rely – there is a code of good faith – but this is rather subjective and the objects of the act which include, ‘to address the inherent inequalities in employment relationships” is at times not worth much.

    To protect Labour their needs to be basic rights _ I've mentioned them before – which 9 years of Labour didn’t give people and the Nats are not making the situation any better.

    Is this Key Govt - Jenny Shipley with better technology?

    If you are a bureaucrat, an upper echelon civil servant, a banker, a corporate that has wangled through privatisation a funding stream in the form of a public subsidy, an MP with a safe seat, a member of the Nat Govt which only wants to win the next election, the future is brilliant.

    "Is that it?" - No it gets worse - just wait and see.

    As Homer Simpson said, "Working is for chumps."

    Auckland • Since Nov 2006 • 1214 posts Report Reply

  • Hard News: Is that it?,

    With all the debate one thing has been over looked and that is, "Working is for Chumps".

    Auckland • Since Nov 2006 • 1214 posts Report Reply

  • Hard News: Is that it?,

    Hitting the nail on the head.

    A lack of jobs appears to be a far more significant influence on spiking youth unemployment than a sudden unwillingness to work amongst young New Zealanders. And it's hard to see what in this policy really addresses that.

    The policy places a focus on a very small group of people who are an outcome of a poorly managed economy and there is no focus on the fact that the economy is in decline and being managed poorly.

    It is likely, as people have suggested, to be the thin end of a wedge - it will be easy to show the positive outcomes with a small group of dispossessed youth and then run a parallel system out to all benefs other than those on National Super.

    Auckland • Since Nov 2006 • 1214 posts Report Reply

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