Saturday, October 31, 2009
1. 82% are over age 70.
2. 11% are over age 99.
3. 27% believe that the nice Mr Muldoon should make way for Winston.
4. 5% believe that Winston is the Prime Minister.
5. 43% say they aren't racist but they wouldn't want their grandchild to marry into Maoridom.
6. 14% believe that Winston isn't Maori.
7. A staggering 69% believe in the A + B theorem.
8. Of those, 54% believe if Social Credit works, no-one else will have to.
9. 22% drive Skodas.
10. 41% believe that sleeping in the raw is deviant.
11. 34% believe that the Moon landings were faked.
12. 3% think Elvis is alive and living in Taihape.
13. 0.016% claim to be Elvis.
14. 7% pick Keith Holyoake as the current Governor General.
15. 2% are virgins
16. 44% wear (grey) slip on (synthetic leather) shoes.
17. 93% of the workers in an illegal distillery in the Catlins swear by him.
18. 14% of those polled in the Rodney District want Winston to stand for Mayor (in W(h)anganui)
19. 81% of those polled in W(h)anganui want Winston to stand for Mayor in their city.
20. 17% think Winston is God.
21. 2% think God thinks Winston's God.
And poor old Phil only manages to beat him by 4%.
To the Members of the California State Assembly:
I am returning Assembly Bill 1176 without my signature.
For some time now I have lamented the fact that major issue are overlooked while many
unnecessary bills come to me for consideration. Water reform, prison reform, and health
care are major issues my Administration has brought to the table, but the Legislature just
kicks the can down the alley.
Yet another legislative year has come and gone without the major reforms Californians
overwhelmingly deserve. In light of this, and after careful consideration, I believe it is
unnecessary to sign this measure at this time.
The first Herald Digipoll since the election confirms other recent polls will National on 57.5% and a staggering 80% approval for its economic management. John Key rightly acknowledges Bill English's performance. Whaleoil, take note.
The Greens fail to make the cut and Labour picks up their lost votes to stagger up to 32%.
Remember all those Labour attacks on Paula Bennett? They worked. She's the rated THE most effective minister in cabinet.
Friday, October 30, 2009
Images from 2001, top, and 2007, bottom, from Philip's Universal Atlas of the World indicating a big decline in Arctic ice, used as proof of climate change
Spot the same cloud cover in 2001 and 2007? What are the chances this is the same photoshopped photo.
Original photo here.
A political party illegally spending $800K in an election campaign via the taxpayers and then retrospectively validating its unlawful actions OR a MP and Minister of the Crown legally claiming traveling expenses for his partner via the taxpayers?
Well it appears the little fellow had to swallow his tongue the other day and publicly apologise to a bunch of lawyers who he had potentially defamed.
Adolf wonders when he will publicly apologise to his Kiwisaver clients who have enjoyed the worst returns of any provider, including his enemies the evil life companies.
Gareth Morgan's funds, which were included in a KiwiSaver survey for the first time, came out at the bottom or close to it in every category they are in over one year.
Gareth Morgan's conservative KiwiSaver fund was 13th out of 14 conservative funds over one year with a return of 3.69 per cent and bottom out of 21 funds in the balanced sector with a return of -0.20 per cent.
In the aggressive growth fund category Gareth Morgan's fund was third from the bottom on -5.03 per cent per over one year behind AMP's aggressive fund, which was -9.76 per cent and First NZ Capital's Aggressive Kiwi Fund, on -8.66 per cent.
He's right, of course, but he forgets that the Labour gummint of those very well organised criminals Clark and Cullen had other priorities. More important things to do. Far more important.
"The measure was introduced to Parliament by Labour almost five years ago but has only finally wriggled its way into law.
That it has taken so long is an indictment on the politicians who have prevaricated rather than the police officers who have long made it clear they were hamstrung when dealing with clever criminals."
They were too busy arranging the retrospective legislation to cover their own theft of public money; preoccupied with the complexities of the Electoral Finance Bill and its crushing of public dissent; distracted by the need to arrange the politicisation of the police and all arms of the public service; otherwise engaged in vilifying the exclusive brethren.
Adolf is grateful to Mr Gower for reminding us what a particularly evil and malevolent cult it was that ran the country from 1999 to 2008.
"Well, Mr Speaker, TVNZ could have asked Mr Cunliffe to appear or they could have asked Mr Hughs to appear but they didn't. They asked the Minister of Finance."
Update: Here's the real thing:
"Hon BILL ENGLISH: All decisions about putting together the promotion and the use of it are being made by Television New Zealand (TVNZ), as I understand it. That is the normal relationship that politicians have with TVNZ. It could, of course, have chosen that member to front it, but it did not. It could have chosen Mr Goff to front it, but it did not. I think the reasons are pretty obvious."
Yesterday I watched Cunliffe actually wiping spittle off his chin as he engaged in over egged outrage about some puny matter. He who would valiant be!
Thursday, October 29, 2009
Adolf started to read a spittle flecked rant by Cactus and gave up after the first paragraph.
For a more rational analysis, one could do no better than look to the governor of the Reserve Bank who had this to say when he announced today's decision to leave interest rates unchanged for the best part of a year :-
"In New Zealand, the housing market has reversed some of the decline in prices experienced over the past couple of years and a very gradual increase in household spending appears to be taking place. Government spending is also supporting activity. Business spending, however, remains weak and credit growth is very subdued."
If the governor and the finance minister took advice from Cactus and her shrieking friends from the far right, by now we would have blown our economy out of the water by overloading it with unemployed ex civil servants with no job opportunities in the private sector.
It's all to do with timing and the right time to slash the public service is when private industry is ready to soak up the drones and put them to productive work rather than simply transfer them from the public sector payroll to the WINZ payroll.
The shouters seem to ignore John Key's oft repeated statement that he does not intend to make wide ranging cuts 'during a recession.' That's the right call. The fundamentalists of the right should learn to be patient and see what happens when we actually come out of recession.
However, the Herald quoted Labour's Shane Jones in saying something I just don't simply understand.
Labour MP Shane Jones took offence at claims from the Maori Party that gang members were "our people".
"Stop calling them our people; they are not our people," he said.
"Our people don't go to jail for killing teenage boys, our people don't go to jail for raping, selling P and celebrating it as a mark of distinction and success.
"They're not our people. In fact they are not people ... They are the slaves that would have been dispatched before Christianity without a sliver of doubt."
What on earth does he mean by that?
I'm fascinated by Labour's obsession with attack politics which, for months on end, have demonstrably weakened their poll ratings by driving lifelong Labour voters away.
With this latest attack, all people see is another tired face from the failed party of the past. Hodgkins.
Adolf is planning an address to his church based on the theme:-
'Everybody wants forgiveness but nobody wants to repent.'
Herein lies the philosophical scotoma which is preventing Labour from making any progress whatsoever. They are like the New York Times and CNN where bankruptcy seems preferable to giving up their failed political bias.
Labour has not truly repented but somehow it expects to enter the kingdom of electoral heaven.
The fundamental basis of Christianity is the opportunity for people to change their lives for the better, without penalty, if they will simply resolve to put aside the bad behavior of the past. There is no price to pay, no preset conditions to meet and the offer is made to all. All their past misdemeanors are written off and they get a new start. For free.
Repentance is described as 'a feeling of sincere and genuine regret or remorse.' It is firmly embedded in our legal system where judges have flexibility in sentencing depending on the extent of remorse shown by the guilty perpetrator. Yet somehow Labour shows not the slightest sign of change. They cling to the attitudes of the past. They continue the abhorrent behavior for which people rejected them. In recent weeks they have been caught out in blatant lying and theft of public money and now they continue with a futile attack on the country's finance minister.
Electoral redemption requires Labour to act like a born again Christian. Politically and electorally they must publicly confess their sins and make a true gesture of repentance. It's not very difficult but until they do they will not go anywhere but down.
When a person decides to be a Christian, he or she stands up in front of a congregation, makes a public statement of faith and promises to do his or her best to follow the teachings of Jesus as set out in the gospels. That person is immediately and warmly welcomed by the congregation. He or she is said to have been metaphorically born again. To have started a new life.
When will we see Labour's latter day Moses? Who will it be who leads them out of Egypt into the promised land of electoral milk and honey? Who will be their Messiah? Will it be the carpenter's son from just down the road?
Labour needs to call a press conference at the close of a special retreat for all MPs and party officials and present for all to see, the parade of Helen Clark remnants declaring that they recognise the policies and attitudes of the past were wrong, making a commitment to search for new policies and develop positive attitudes, promising to work in the interests of all New Zealanders and concluding by singing the national anthem. Then, they might just see a resurgence in the polls.
It would be too much to expect that they might publicly nail a photo shopped effigy of the Bilious Bitch to a cross.
Wednesday, October 28, 2009
It is wrong for political pollsters to lie about who they represent and wrong for a politician to pretend no knowledge of activities he is orchestrating from his parliamentary office.
A politician who cannot see that he has outlasted his use-by date. The politician concerned is former Labour Cabinet minister Rick Barker.Yes, there are more than a few who have outlasted their use by dates.
He suggested the volunteers use false names when making the calls, and, when questioned by a reporter about the operation, he said: "I don't know what you're talking about."
It was only when the reporter revealed a thorough knowledge of the subterfuge that Mr Barker admitted its existence and his role in it.
That is not acceptable. Truth is not a negotiable commodity.
It always was for Helen Clark's version of Labour whose proud tradition of lying first continues in the son she never had, Darren Hughs.
".......senior Labour whip Darren Hughes, who is fast building an unwanted reputation for himself as an apologist for indefensible behaviour on the part of his colleagues.
"I'm sure that half the people who try to sell us things on telemarketing aren't giving us their real names," he said by way of justification.
He could have added that noms de guerre are commonly employed in several other professions – prostitution and pole dancing being just two – but he and Mr Goff would be advised to consider what sort of company they and their colleagues wish to keep."Ouch, double ouch.
".....but his conduct also hints at a deeper malaise within the Labour Party. It is a malaise composed, in equal parts, of arrogance, bitterness and sloth......
......Labour's MPs resemble grumpy, disinherited members of the landed gentry who have been turfed out of their comfy gentlemen's club for not paying their subscriptions and are trying to fast talk their way back in past the doorman."
Yes, they all want forgiveness but nobody wants to repent.
Tuesday, October 27, 2009
Political Party could have received donations from favoured industry.
Excuse me for being a tad thick, but isn't that what political donations are all about?
Or do the unions expect nothing in return for their hundreds of thousands of donated money to the Labour Party?
David Parker says that's not actually the point. No. Apparently the point is that the donations regime was not transparent enough for the last election to know.
And who was in charge of pushing the donations law through?
David Parker's party.
So what exactly is Parker's point then? Because, I'm fuc*ed if I know!
We are blessed in this country to have such an abundant wealth of talented story tellers through whom
A Poem About Tomatoes:-
I know an Abbo whose name is Jim,
I love throwing tomatoes hard at him,
Tomatoes are soft & don't hurt the skin,
But these f.....s do, cos they're still in the tin!!
What HAS surprised me is the revelation in comments threads that a number of bloggers feel that their blogging activities have been therapeutic during their own professionally diagnosed or self perceived bouts of depression. This may well partly explain why some very good blogs fold up after a relatively short time.
IV2 told this story in some detail, as did Blair M. Good on them for being forthright. Adolf well remembers the first blog he ever read, that of one Gordon King- nzpundit, and looking back wonders if he too was using his blog as a recovery from some personal disaster. I recall him mentioning at some stage that his blog 'kept him alive during a difficult patch' or some such. As his paua forming activities took hold his blog faded.
Reading some of the symptoms of depression, Adolf would conclude that almost every person is likely at sometime in his or her life to have experienced Churchill's black dog. Just didn't know what it was. My eighty year old uncle who had an extremely successful career and stable personal life, was diagnosed at the age of 78. For two years his wife struggled before somebody woke up.
I must confess, Adolf does not perceive any such personal advantages from his puny blogging efforts. However, it is not so easy to maintain one's enthusiasm when there is no serious political contest in the offing and when the enemy is so completely in disarray.
I'm eternally grateful to my colleagues at No Minister for it is their intermittent gems which keep the place going.
Monday, October 26, 2009
She then breathlessly compared the ACC system to other moments in New Zealand history like the emancipation of women, being nuclear weapons free and a process to settle Treaty grievances.
Well, that's a bit like me saying that the introduction of Goods and Service Tax makes me proud to live in Godzone as well, or perhaps, that the introduction of GST is right up there with Rutherford splitting the atom or winning the America's Cup in 1995.
It's a bit hard to take Misa seriously when she goes around comparing truly great moments in NZ history with the introduction of an insurance regime, particularly one which has morphed into an unwieldy and expensive state-run mess.
Misa should think about other reasons why NZ is a great place to live, such as the apparent abundance of hard working people who are propping up her fabulous ACC regime with ever increasing premiums.
I'm not yet convinced that the ACC system is broken to the point that it should be done away with. But I am failing to understand why businesses aren't allowed to contract out of ACC for the private provision of insurance. Misa makes the point that private insurance won't necessarily be any cheaper, but then, it may offer a better service that meets requirements more appropriately for those businesses - faster turnaround and superior care. It's a good thing that National and ACT are working to deliver this.
What other seminal moments in New Zealand non-history make you proud to live here? The punching of Rod Vaughan by Bob Jones? The moment Naomi Lange wore a pink cardigan to meet the Queen, or maybe even the moment in which Inland Revenue's forms were designed in that elegant shade of light blue?
Sunday, October 25, 2009
Garth is 73. He still flys around the world competing in Ironman triathlons. He is a big donor and supporter of the sport in Auckland and a few years ago completed the ultra enduro around Taupo bike race: four times around the lake - 640K's! It took him almost 24 hrs I recall.
Anyhow, there is Challenge Wanaka in Queenstown in January. It is part of the challenge series of Iron distance triathlons with the biggest one being Challenge Roth in Germany in June/July. Garth has finished that one a few times.
This year at Challenge Queenstown, Garth is donating a travel subsidy to Challenge Roth 2010, worth $10,000 to the first septuagenarian team to cross the line at Challenge Wanaka before the course cut-off at 11.30pm. The entry fee for the event in Germany will be provided by Challenge. So basically, the 70yr olds get the chance to compete in Germay for free with only accommodation to pay for.
"In the twilight years of my triathlon career I am fortunate I can still swim, bike and run for long periods of time," said Barfoot. "Not many of my age group are so fortunate, but there are many who can do so in just one of those disciplines. My gesture is to enable three of them to participate overseas in an internationally recognized event and hopefully to share the wonderful experiences that I've had through getting out of my comfort zone."If you're a follower of triathlon, Garth is just the bees knees. And yes, he is the Barfoot from the legendary real estate firm.
Nice one Garth. You're a bloody legend, and that term is not used lightly on you.
It is reliably reported that Chris Carter went to church this morning to give thanks to God that the Labour Party polling fiasco has knocked his indiscretions off the front page.
So, what have we got ..... Labour is conducting polling from it's parliamentary offices funded from out of the Leaders budget (no big deal, probably all political parties have done this in some shape and form).
The Hon Rick Barker is running the show (well someone has to). In addition to using Labour's parliamentary staffers to do the hard yards they also managed to recruit a member of the Green Party (pretty dumb move #1).
Barker tells those manning the phone banks to lie about their names and who they are working for - suggests a non existent company called Data Research (gueez Wayne, every time I've been polled the caller uses his/her first name so no big deal and one can understand why they wouldn't want to identify as Labour but to lie about it is dumb move #2)
When Barker is challenged on the operation he denies it (lie #2 and dumb move #3)
When Labour Whip Hughes is asked about it he defends the operation (dumb move #4)
When Goff is challenged over it he pulls the rug from under Hughes' feet and sez the whole thing is a mistake and wouldn't happen again (apart from making Hughes look like a dork was Goff saying the polling was a mistake or was he referring to Labour being caught out?)
Then there is the position of the Party President who was reported as being upset (over being kept out of the loop as per the NZ First Party President - over the funding donation scandal - or being caught out?)
Chris Carter has much to be thankful for.
What a clusterfuck.
Labour's Finance Minister, Bill English, (pictured above) has spoken of the "inequity and unfairness" of the tax system.
In a speech largely aimed at "those rich pricks from ACT and National, you know, the John Key types", English has signalled that any changes to the tax system would be based on "equity and fairness" because large-scale "legitimate avoidance behaviour by higher-income earners undermined the goodwill of lower-income earners."
English has been heard to complain to the Prime Minister, Annette King, that "it's quite telling that there has been virtually no growth in the number of people paying tax on $1 million of annual income, since the 39 cent top personal tax rate was introduced 10 years ago.
"Annette, as a country, we want families, businesses, accountants and lawyers looking at how to unlock greater income and productivity, not working out how to minimise their tax."
When asked how people keeping more of their own money to employ staff, invest, save or spend in the economy was "unproductive" or "locked up money" English was non-committal merely saying "look, we are borrowing $250 million per week. How do you expect us to pay that back, with interest, unless we unlock and grab all that unproductive money locked up and owned by rich pricks?
National's opposition finance spokesperson, Nick Smith, refused to comment today, merely referring enquirers to the party's website which he said contained its vision, values and philosophies. When told by reporters that the website was broke and malfunctional, Smith gave a wry look at offered one word: touche.
This newspaper then found two websites that offered real comment on the matter, one of which gave an external debt meter based on the Labour government's borrowing.
G O Oner, One News.
Adolf couldn't have put it better himself.
"Trevor Mallard was a distraction sitting behind Goff all through his speech, visibly chewing gum like some sort of goon from central casting.
Maybe Labour's image consultants could have a word with their in-house gangster next time he accompanies his new leader."
Yes, there he is, Vladimir, the goon from central casting.
Goff doesn't come off much better either:-
"I couldn't help feeling Goff's delivery was a campaign stump speech written by one of his staff. Unlike Key, it felt that he was talking at the audience rather than to it.......
........Half of the conference were probably members of Goff's party but at the end of his speech Goff had to settle for polite applause. Goff has a big job ahead of him. Even his fan base can't get excited."
Only half the conference Matt? Ninety nine percent, more likely.
Not only stealing but hiding their identity. That's what happens when your brand has been debauched and you've got your tail between your legs. No money, no morale, no morals.
Adolf hopes Mr Speaker will send a stern letter to the party secretary, requiring him to refund parliamentary services the cost of the three series of polling admitted to in this Herald piece. That is - nominal hire of office space, line rental, cost of toll calls and the value of any other freebies used by this fool Barker and his team
Saturday, October 24, 2009
The next move should be to sack the entire team and start again. That's effectively what Bobby Simpson did when Australian cricket was at its nadir after the captaincy of the ineffectual and tearful Kim Hughs.
The real giveaway was in the penultimate paragraph.
"Moles, 48, was surprisingly chosen as John Bracewell's successor last November after a number of higher profile candidates declined the appointment."
Who'd want to risk his career by coaching a bunch of losers with bad attitude?
This man is 'their' foreign affairs spokesman. Do they really expect foreign governments to take him (or Labour) seriously?
Ok, Labour smartly removed his post from their website and hauled him in for a slap on the hand with a wet bus ticket but the damage is done. He is seen as a motormouth and not a very intelligent motormouth at that.
Guess the problem for Goff is that Carter is the darling of the Left and Rainbow Wings of the Labour Party and that he (Goff) can't afford a bust up with them as the summer BBQ season beckons.
Here he is again, harping on about so called broken election promises.
Trouble is, it's an election promise National never made. It's one Labour has invented.
Goff is trying to somehow conflate the real election promise which was 'no asset sales in the first term' into something like 'no competition for ACC in the first term.' No wonder people just are not listening to Labour. They are flat out liars.
This sort of nuancing might go down well in university staff rooms and student union meetings but real people recognise bullshit when they see it. One thing is for sure, as far as election promise goes, Labour has none.
For all to see, here is the real election promise, made by National.
From an August 2008 issue of NBR:-
The main points of the policy are:
* Investigate opening the Work Account to competition;
* Conduct a full stock-take of the various components of the ACC scheme, evaluate progress to full funding and identify areas of cross-subsidy or cost-shifting and underfunding of newly legislated entitlements; and
* Investigate the introduction of an independent disputes tribunal to end ACC's dual role of judge and jury on disputed claims.Nowhere is there even the remotest possible inference that there might be a hint of selling off ACC.
Adolf was reminded of this when he read today this story of Diwali of Diweek, a funeral director.
Only in New Zealand could you get such lurid detail printed in a newspaper. Just when you think it can't get worse, it does.
Only in the rain sodden Waikato could you get a grave full of water.
Only in Waikikamukau would they not think to pump out the grave BEFORE the funeral.
Only the Bros would jump into the hole to try and keep the bastard from standing up!
Only in America would someone by now have sold the television rights to the story.
Two things were notable.
The timing. The first results will be published in two years time. Adolf wonders if that will just happen to be a few months before a general election. Just to remind parents that Labour would rather they didn't know how little Johnny's school was doing.
The throw away phrase. "...the standards would be introduced in all English-based primary and intermediate schools..."
Is there some other type of school? Oh yes, silly me. Kura Kaupapa. So why on earth are they not required to adhere to some decent standards?
The best part of all is that the responsibility for publishing the results lies with trustees, not principals. The trustees will be personally liable under the provisions of the Trustees Act if they fail to publish so they will have no hesitation in firing teachers who attempt to sabotage the process.
You can guarantee some will try.
Update: And they've started, by carefully dressing up the campaign as a 'forum.'
We've seen just how accurate that view wasn't recently with a number of cases:
1. Ministers Rodney Hide and Heather Roy are attempting to make people affected by their portfolios put money into the ACT Party coffers if they want to hear the Minister's intentions for this area. It doesn't take much imagination to realise the kind of things right-wing bloggers would have written about this if Ministers in the previous govt were doing it, so presumably there'll be no excuses for it under this govt, right? Er, wrong. According to Cactus Kate, it's perfectly alright because the Party gets the money, not the Minister. As someone pointed out, such hair-splitting is classic Winston Peters material - unsurprising I suppose, since he and CK are both lawyers. And according to various commenters, Helen Clark is doing something similar at the UN - this Helen Clark who's now apparently a benchmark for ACT Ministers' behaviour in office being the same one vilified for years as dishonest, corrupt and a disgrace to the nation.
2. Chris Carter blogged a post vaguely comparing the PM to Benito Mussolini, to predictable howls of outrage and ugly gay-bashing on Kiwiblog. Fair enough - it's pointless, stupid and offensive to their victims to compare NZ politicians with murderous dictators, so Carter obviously falls into that category. Fair cop. But hold on a minute - if merely dashing off a blog post comparing the PM to a murderous dictator makes Carter an idiot, how are we to describe the blogger who went out and paid for large billboards comparing the PM to murderous dictators? You'd think, from the comments left by DPF's readers re Carter, that they'd be well placed to have advised him on just how stupid that was, but somehow they neglected to do so - perhaps because they all spent years comparing the PM to murderous dictators themselves in his comments threads.
3. Bill English lies so he can extract more money in allowances from the taxpayer than many of those taxpayers earn in a year. Cries of dishonesty, corruption, disgrace to the nation etc? Still waiting.
4. How about the govt's future plans? The latest one is to give all bureaucrats with enforcement powers the kind of powers only previously granted to Police. Again, no imagination required to picture how a move like this from the previous Labour govt would have been greeted. And yet, somehow, commentary is lacking...
Friday, October 23, 2009
Today's piece of stunning stupidity is Goff's reaction to the opening of ACC to competition.
We'll reverse it when we are back in government he bleats.
"He said his party was vehemently opposed and would reverse the changes once back in government."
Never mind that National and ACT were elected on a clear mandate for competition, which Labour tiresomely portrays as privatisation which it is not. They don't seem to realise that it was their capacity for this sort of distortion and deceit which got them thrown out in November.
The subliminal message Goff has just given to the 70% of voters who don't support Labour is simple.
"We haven't learned a thing from our mistakes. We know better that you what's good for you. "
Insurers can confidently invest in this market now, safe in the knowledge that their tenure will be secure for at least twenty years. In fact, Goff's foolish outburst will give the GNActs all the justification they need to lock in the changes so that a future government can not again meddle in the way Clark and Cullen did without a substantial penalty payment to the private insurers.
The Government's clear intention to open ACC to private competition has driven a wedge between trade unions and the business sector.
Well, duh - that's what National does. Driving a wedge between trade unions and employers is one of their main reasons for existence. In this particular case, it's simply a welcome side-effect of their ideological war against ACC. But in terms of news, it's like reporting Jim Anderton wants to ban another drug - tell us something we don't know.
The real news in it is that Labour is vowing a "tooth and nail" fight over ACC. Really? They're going to move beyond desultory expressions of mild disapproval? Now that we didn't know.
Thursday, October 22, 2009
Some mob of aggressive floggers of Kiwisaver to uninformed lower socio-economic families has indulged in a bit of comparative advertising by e-mail.
(God knows why they pursue this business so hard as there's no money to be made out of it. The broker principal no doubt expects to make a fortune out of trail commission paid on accumulated account balances. Well Adolf has news for him. It won't take too many more episodes such as this for him to have his agency agreement cancelled. Goodbye trail commissions. If this is the same outfit which has been running around door to door then I'd say he is close to being sacked.)
This has upset the victims of their apparent perfidy, ASB and ANZ - both of whom are notable for lamentable historical investment performance - resulting in complaints to the Securities Commission. It's at about this stage that the Herald repeater starts to bend the story away from the truth.
The astute reader will note that the response to the complaint by the Securities Commission is muted, to say the least.
"The email claims Fidelity's KiwiSaver funds are "rated number one across the board" with the best performance of all providers across its conservative, balanced, growth and aggressive funds and includes an attachment comparing investment returns with those of Huljich Wealth Management, ANZ Bank and ASB Bank. Under the figures for ANZ and ASB it states: "They are losing your money."A spokeswoman for the Securities Commission said it was not illegal for providers to talk up their investment products or compare their performance to others as long as the promotion was not misleading, deceptive or confusing."
That's because the idiot salesmen used information which was not inaccurate even though it was not authorised for publication. Technically they were not in breach but ethically they leave much to be desired.
The astute reader then moves to the last paragraph in which the repeater piously quotes Morningstar figures which would have you believe that the fund manager being pilloried is telling lies. Not so. It is the Herald which is telling lies by insinuation and omission.
"A Morningstar report released last week found Fidelity's conservative fund was 10th out of 14 funds, its balanced fund was third out of 20, its growth fund was second out of 17 and its aggressive fund was third out of nine over the two years to September 30."
You see, dear friends, the figures used by the salesmen were the investment performance figures for Kiwisaver fund for the last three months. The Morningstar figures published in the Herald were for the past two years' investment performance.
Is it too much to ask that, just for once, the media could simply tell the truth without the spin?
Wednesday, October 21, 2009
The Veteran can now reveal that Shane Jones has brokered a deal with George Hawkins that will have him (Hawkins) announce his retirement from politics at the 2011 election and work (behind the scenes) to gift the seat to Shane Jones.
Clearly Jones has conceded that Labour has no show in Northland (never has) and the 'Right' faction of Labour is doing a deal to look after one of their own and bugger Labour's so called democratic selection process.
You heard it first from the Veteran.
The details have been well covered elsewhere so it remains only for Adolf to remark that he will be agitating for the retention of MMP, albeit with some major structural adjustments to eliminate mischievous outfits such as Jamdertin's little labour party. In addition, I'd support Homepaddock's suggestions for an increase in the number of registered members required for recognition of a political party. Currently 500, the thresh hold is too low and should be increased to at least 1,000.
Let's face it, if you put it up to 2,000 you might embarrass the Labour Party.
A litany of errors by 111 ambulance dispatchers contributed to a Wellington man's death
Seriously, do you have to be illiterate to get a job in journalism now, or what? The word is 'series,' imbecile - a litany is a call/response prayer used in church.
It's tempting to blame Justice Mahon for this, because he coined the phrase "orchestrated litany of lies" during his Mt Erebus inquiry, to describe the memorised series of lies Air NZ staff repeated in response to his questions. That would be unfair, though - his use of 'litany' to describe it was a fitting metaphor. Sadly, illiterate NZ journos, not having the faintest idea what a litany is, assume he was using a fancy, intellectual-sounding word for 'list,' and figure they'll seem intelligent if they use it that way. Opposite effect, guys - makes you seem really stupid.
Tuesday, October 20, 2009
I would have preferred if he had donned his leotards, streaked to Irbland and demanded that all the games be played in three equal halves. That way MTV, TV1 and TV3 could all have a fair share and everyone would be happy.
But I guess I will just have to settle on throwing a day's borrowings at the event to sort it all out.
I have reached the sad conclusion that governments will never stop borrowing/printing money. Mostly because it is and always will be the easy way out. As long as all Western countries do it at roughly an equal rate then the final outcome should be reasonably equitable.
As the interest bills eventually exceed the value of goods mankind can produce, then we can simply take the African approach. Cancel the currencies and start again with new ones. It might piss a few Chinese and Arabs off, but who really cares. They'll never be good at rugby anyway.
So my advise. Buy gold and just enjoy the RWC. It is going to be a great party so make the most of it. I will.
The pupils' families were told yesterday and the boys will face unspecified disciplinary action.
Earlier this month, Lincoln University fined 15 students $200, made them write an essay on the Holocaust and visit the Holocaust Centre and the German embassy, both in Wellington, at their own expense. They had attended a party last month dressed as Nazis and concentration camp victims.
Naturally, Joris de Bres is flapping his chops as well:
...I expect the school to deal with it, as they appear to be doing.
Yeah, way to demonstrate our staunch opposition to fascism - forcibly deprive people of their freedom of expression. If these students had anything between the legs they'd be telling these jumped-up little Hitlers to get fucked.
Look, Joris - a swastika! Oh no!
Monday, October 19, 2009
I had an office in Queen Street at the time. It was all jackhammers and concrete cutters for at least six months. The retailers took a bath. The noise, dust and nuisance was unbearable.
And just so a few Nikau Palms could be planted. Which are now dying.
The palms were planted amid fierce debate. Some Aucklanders believed the removal of the existing exotic plants would amount to downgrading Queen St. In the end the council removed 17 exotic plants.I would have thought the Herald might have at least reminded us which mayor authorised the planting of them; which mayor spent tens of millions on unnecessary centrally planned beautification; and which mayor phoned in from his holiday home in Queenstown to stop the Queen Street massacre as the public backlash peaked.
Dick Hubbard of course.
Rod Oram and Helen Clark's friend.
Let your imagination run wild for a moment and picture the void left by a go nowhere, do nothing, no talent, still in denial Labour Party - polling at around 15% party vote.
Imagine a small army - maybe a platoon or two - of Redbaiters, erikters, Wake Ups, Manolos etc - fulminating on the sidelines. They have been ineffectual thus far and they need a cause celebre or a trigger point to elevate themselves into the centre of the public consciousness.
It is early 2011 and the recession has not receded. Unemployment remains high. Constraint is the order of the day. Ticket sales have bombed, in spite of a special gummint injection of $5 million (thanks McCully) to promote sales overseas. The projected loss balloons to an unprecedented $60 million and the tax payer sees a looming bill for $40 million.
Enter thePark Yeehaa Party , lead by the charismatic Red Baiter, revealed to be none other than highly successful Ruawai dairy farmer, fifty year old Vlado Yankovich, father of six daughters and scourge of socialism. The Park Yeehaa Party is born but struggles to gain traction as it rails against the socialist pinkos in National and their suckhole comrades in ACT. It soaks up the rump of NZ First and a few disaffected National members. ACT suffers in the polls from its association with National and languishes between 2 and 3 percent. PYP moves up to poll steadily at 6 to 7% and can see Red in parliament.
Then, two months before the election, the All Blacks fail to even make the semi-finals of the Rugby World Cup and ticket sales for the remaining games dry up completely. The final is only seventy-five percent sold. Losses now are predicted to exceed $80 mil.
Voters search in desperation for somewhere to go and descend upon the PYP as the only real means of punishing National for the RWC debacle without giving oxygen to the hated Labour Party and the reviled Greens.
National takes a bath and polls 41% party vote, ACT gets 4% but wins two electorates, MP takes 12 seats and the Park Yeehaa Party wins 22% of the party vote, with no electorates. Greens fail to make the cut while Labour outbids Bill English with 18% of the vote.
Sunday, October 18, 2009
The Government decided to press ahead with a revised ETS, introduced with the support of the Maori Party.
The Bill exhibits all the worst features identified by critics of ETS systems. Economists have long tended to prefer a carbon tax to an ETS, because the latter is likely to result in high compliance and administration costs, lack of transparency, massive lobbying for special treatment, corporate welfare, and market manipulation. Politicians are attracted to an ETS because it does not look or sound like a tax, although it is. Moreover, politicians can hand out the associated credits in a politically advantageous way.
The NZ ETS exhibits all these negative features. A large bureaucracy will be needed to manage it, and already the process of establishing the ETS is shot through with lobbying, unprincipled deal-making and divergent treatment of different economic activities. The intensity-based approach will strain the already formidable information and monitoring requirements of an ETS.
As the costs and subsidies become reflected in asset prices, the wealth transfers will become locked in, and politically difficult to change. The notion that, by turning up to the Copenhagen meeting as a world leader in having a legislated ETS, we can influence the world is simply pompous grandstanding. This conceit will be at the expense of New Zealand workers and businesses.
The deals are being done in the back room. It seems the price of support from the Maori Party to simply have the Bill introduced was to include a Treaty of Waitangi clause, to look again at past Treaty settlements, and to allocate carbon credits to iwi fishing interests. There will be more deals. It is obvious who has the leverage here the price to actually get this legislation passed will be high.
Meanwhile the government is congratulating itself for its pragmatism and moderation, due to there being a delayed entry and a gradual transition for various sectors. But the direction of policy is the crucial signal to investors. A gradual transition does not much help as far as jobs and investment are concerned. It is the destination that is the problem, and the signal to business is loud and clear. Invest elsewhere.
It's as though every new poll is like failing to avoid the follow on, with a string of top order ducks in the second innings. Mind you, they've got an incumbent top order duck in there now.
TV3 has the grim news for the Labour Losers.
National up 1.8% to 60%
Labour down 2% to 27%
Helen Clark preferred PM by twice as many people as want Filk Off.
Adolf figures this poll and the last Roy Morgan should give Messrs Key and English confidence to do the job which has to be done on ACC and to pull the fangs from the teacher's union.
It's time to make some moves, fellers.