Last week’s frenzied finger-pointing has probably left most taxpayers none the wiser as to why they are down a $369 million hole with Solid Energy. But it seems the SOE model itself may be a big part of the problem. Their shareholder ministers seem to have a double standard points out Tim Watkin: ‘Of course this story is rich in political hypocrisy.
Through the prism of Solid Energy, you can see National encouraging SOEs to take on more debt, while being incredibly conservative towards and protective of its own balance sheet. Debt? Bill English and others in government have warned repeatedly of its dangers and spoken in almost religious tones of the importance of returning to surplus, all the while nudging SOEs in the opposite direction’ – see: Solid Energy and the battle for economic cred.
- The body count in the Minister of Education’s office continues to grow – see: Tracy Watkins’ Parata's high staff turnover queried.
- Ski-field and white water rafting businesses are completely reliant on the weather as well – where are their hand-outs? asks Cathy Odgers – see: Hooton On WFF – Welfare For Farmers. See also, Matthew Hooton’s English leading debate on climate change.
- Rodney Hide has ten reasons why The underclass have no hope, while barrister Catriona MacLennan thinks the Government is looking in the wrong places – see: Stop dodging tax and we can end child poverty. Hide also has some interesting arguments to make in his column, Problems solved.
- Here we go again says Bernard Hickey: ‘We are again spending more than we're earning and the banks are starting to borrow overseas again to fund the lending growth, putting yet more pressure on the currency and our net foreign debt’ – see: Hard talk on housing. He proposes some hard-hitting policies to the heat out of the Auckland property market.
- While she was Prime Minister of New Zealand, she was hardly liberal on drugs, yet now, Reuters reports, Helen Clark flags failings of 'war on drugs'.
- The real star of the recent parliamentary debate over the gay marriage equality bill was actually a conservative National MP – see Audrey Young’s Little-known MP who electrified gay debate.
- Finally, it is ‘obvious to almost everyone that the Government is going to back down’ on the car park tax says David Farrar in More clear stances from Labour, so why is David Shearer only prepared to ‘look at’ abolishing it if implemented?
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Wynyard announces huge loss but still a going concern say directors
- MARKET CLOSE: NZ shares fall as companies miss lofty expectations; A2, Meridian drop
- OPINION: The ComCom should be able to put behavioural conditions on mergers
- PM sets ground rules for ministers' treatment of public servants
- Metlifecare benefits from booming housing market
Most listened to
- Labour MP Clare Curran says new rules for Netflix and Lightbox are a 'no brainer'
- China launches ‘uncrackable’ satellite while Syria’s regime strengthens on Foreign Affairs Scope with Nathan Smith
- The Commerce Commission should be able to put conditions on mergers, Labour MP Clare Curran says
- Metlifecare's Glen Sowry on why the company pays caregivers more
- John Key says demand for New Zealand as a holiday destination is not even close to drying up