Archive for June, 2010

Political Leadership: Contrasting Fortunes Of Key And Goff

While John Key was happily blowing a vuvuzela in South Africa in support of the All Whites and basking in reflected glory, Opposition leader Phil Goff was wrestling to keep his more discordant MPs in line. The contrast in political standings of the two political leaders could not have been more stark. The PM has […]

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Labour Reshuffle: Labour Reshuffle Goes Some Way, But More Needed

Labour rookie MP Grant Robertson vaults up the party rankings and becomes spokesman for tertiary education in the wake of the demotion of Shane Jones, Chris Carter, and Mita Ririnui for their credit card misdeeds. Maryan Street and Charles Chauvel move into senior roles in Foreign Affairs and Environment respectively, and Nanaia Mahuta takes over […]

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Diplomacy: Leader’s Visits Broaden Ties Binding Us To Aust & China

Two of the most important visits to NZ by foreign leaders since the Key Govt took office are due this month. First, China’s Vice-President Xi Jinping, rated as likely to step into the Presidency in 2013 when Hu Jintao’s term ends, is bringing with him 120 senior Chinese business leaders, and authorities say the mission […]

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NZ Race Relations: Landmark Agreement Resolves Sensitive Foreshore Issue

The agreement reached this week by Cabinet with the Maori Party and the Iwi Leadership Group on the foreshore & seabed policy is rated one of the most important landmarks, not just in the relationship between the National and Maori Parties, but in the country’s always sensitive race relations. Last week Trans-Tasman saw the issue […]

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State Owned Enterprise: Solid Energy Looks To Be The Right Model

The Govt faces another difficult choice in allocating scarce capital. Should it back businesses which are being overtaken by new technologies (such as NZ Post) or should it back enterprises which are pioneering new technologies? Finance Minister Bill English has said the Govt is working hard to understand the capital demands of its operations and […]

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Green Party – Rebels Without A Real Cause

The Green Party has set itself the target of polling more than 10% at next year’s election, and has chosen 25-year-old Georgina Morrison as its female co-convenor to confirm its shift to a new generation of leadership. The Greens have lifted support in recent polls, because they are picking up those disillusioned with the Key […]

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NZ Government: National Led Coalition Reaching Crunch Point?

The National-led coalition may be reaching a crunch point with its junior partner, the Maori Party, over the issue on which the Maori Party emerged as a political force. John Key says he won’t go ahead with repeal of the 2004 foreshore and seabed legislation, if the Maori Party rejects the concept of placing the […]

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Oil Exploration: Petrobras To Enter NZ Oil Hunt

One of the biggest economic stories of the year didn’t make it on to the front pages of either of NZ’s largest newspapers, but the decision of Brazil’s state-owned energy giant Petrobras to enter the NZ oil search could be a vital step in the transformatory process the Govt has embarked on, seeking to overhaul […]

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Banking Sector: Financial Merger To Create “Heartland” Bank

Three Canterbury-based financial institutions are taking up the challenge of forming a NZ-owned bank to compete vigorously as a full-service banking operation in the credit market. On February 25 Trans-Tasman flagged the potential for a NZ-owned bank which would have wider access to capital, and foresaw the possibility of a Govt-led merger of institutions. The […]

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NZ Politics: NZ Govt Wades Into The Heavy Stuff

The Govt was wading into the heavy stuff this week, an international crisis in the Middle East, renewed controversy over international whaling, initiating a trade negotiation with Russia, and paving the way for Brazil’s state-owned Perobras to join the NZ oil hunt. On the domestic front it was dealing with bushfires over the ETS, the […]

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Tax: Has Tax Reform Ended, Or Is It Just On Hold?

Does Budget 2010 represent the end point for tax cuts, at least in the short to medium term? PwC Chair John Shewan says he thinks NZ could aim for a 28% top rate within two years and 25% by 2015. John Key says he is comfortable where rates are for the mean time. Shewan’s forecasts […]

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