Would they buy them back?

March 8, 2013

Labour and the Green Party are still wasting their time gathering signatures for their petition opposing the partial sale of a few state assets.

They need to explain if they are going to present the petition and, if it has sufficient signatures, force the expense of their politicians’ initiated referendum on us when it will be too late to achieve anything.

Mighty River Power, is expected to be floated by mid-May, long before a referendum could take place, so why are they bothering to collect more signatures?

Truth points out in its editorial Labour  and the Greens need to come clean on asset sales:

. . . We know what the government thinks. We can all read the prospectus when it comes out for Mighty River Power, but what investors don’t know is what Labour intends as its policy towards these sales.

We know they oppose them, but what is their policy moving forward.

Investors and voters need to know if Labour intends opposing the sales in actions and not just words.

Will Labour commit to forced buy-back of the shares, essentially a re-nationalisation of the asset. Before readers poo-pooh that suggestion remember Air New Zealand.

Helen Clark even flirted with securities laws by advising on national television for Mum and Dad investors to keep their shares in Air New Zealand…that everything would be alright. As we know everything wan;t alright and some weeks later the government forcibly acquired as many shares as it could and left about 25% of shareholder mired without any sort of say in the company.

Would Labour do this again with the listed power companies…and if so how much would they pay for the shares…The listing price? The market price (unlikely)?

Labour and their hangers-on who oppose asset sales need to clarify before even a single share is sold what their intentions are.

I suspect that their policy will be as bankrupt as their position so far has been. Words not Deeds. . .

Winston Peters, a likely coalition partner in a Labour/Green government wants to buy the shares back:

. . . New Zealand First will use its influence on the next coalition Government to buy back our state-owned power companies which are being flogged off by National and we are committed to buying back the shares at no greater price than paid by the first purchaser.

Labour and the Green Party haven’t let us know their plans yet.

If they go ahead with the petition without making a commitment to buy the shares back they are adding yet more proof to the contention they’re after publicity for themselves not a change in policy.

If, however, they plan to buy back the shares they will sabotage any efforts they make to pretend they have any interest in the careful management of public finances and any concern for investors.


Integrity of elections requires action

January 18, 2013

More than a year after the last election not one of the many cases of possible electoral fraud referred to police by the Electoral Commission has gone to court.

Police are sitting on more than twenty open investigations referred to them for prosecution under the Electoral Act by the Electoral Commission.

Truth has obtained details under the Official Information Act that reveal Police seem to have no interest in prosecuting offences and breaches of the Electoral Act.

Of the 32 cases referred, 6 have lapsed because the prosecution time limit has expired.

62 dual vote referrals remain open and un-prosecuted.

Headline cases referred by the Electoral Commission that remain open with little or no progress are the Green party worker Jolyon White’s alleged vandalism of National’s signs at the 2011 election, several of Labour’s flyers including their ‘Stop Asset Sales’, ‘Prices are Rising faster than wages’ and ‘Ohariu Census’ pamphlets.

Only 3 cases have been closed, with no action or prosecution resulting. . .

The integrity of our elections depends on all involved as candidates, voters and in administration obeying the law.

Those who don’t should face consequences and that should happen in a timely manner.

If, as is obvious, the police either can’t or don’t want to deal with breeches of the electoral law another body must be given the powers to do so.

TRUTH believes Edgeler is on the money, for minor offences substantial fines against political parties and individuals that break Electoral Law need to be instant and issued by the Electoral Commission, for larger breaches like Labour’s 2005 pledge card rort an Independent Commission Against Corruption needs to be established, not unlike Australia has.

To continue with blatant and repeated breaches remaining unpunished encourages political corruption, we need to maintain our top position in the Transperency International corruption rankings as the least corrupt nation in the world. Enforcing the law would go a long way to achieving this.

Whichever body or bodies get the powers to deal with alleged breeches of electoral law must have the means to act during the election period before election day or very soon after it.

Justice delayed in these cases could potentially alter election results.


Truth will (sell) out

November 8, 2012

Has any newspaper ever had better publicity than Truth in the last week?

The appointment of Cameron Slater as editor received coverage that money can’t buy and that has tranlated in sales.

The grapevine tells me it has sold out in several outlets in Auckland and that extra copies are being rushed to Wellington where, if Twitter is to be believed, it has also sold out:

#nz_truth sells out in downtown Wellington. Who are the nervous pollies?

If I’ve ever bought or read a copy before the experience has been buried deep in the recesses of my memory but I found one in a dairy in Oamaru today and out of curiousity bought it.

A quick thumb-through confirms I’m not the target audience. Politics yes, adult content, no thanks.

That said, and while you can’t judge an editor on a single issue, selling out and getting coverage in other media for content is a very good start.


Word of the day

October 31, 2012

Truth – the quality or state of being true; the body of real things, events, and facts; actuality; conformity with fact or reality; verity; fidelity to an original or to a standard or ideal.


From black dog to editor’s desk

October 31, 2012

Blogger Cameron Slater has made no secret over his battle with the black dog of depression.

Mind you, he doesn’t make a secret of much. That includes hs disdain for much of the mainstream media and now he’s joining it.

Internet shock jock goes mainstream

“Wellington, you’re on notice – be afraid.”

New Zealand’s number 1 news and opinion blogger Cameron Slater has today been appointed Editor of the Truth.

Truth is New Zealand’s last remaining Kiwi-owned national newspaper which this year turns 125 years old.

Slater has been brought on board to fundamentally change the way newspapers deliver to their audiences. Newspapers worldwide are in decline, due, Slater says, to a tired old business model that no longer works.

“We’re not going to spend $4 million on a paint job and then deliver the same tired old paid-for shit.

“Most of the media in this country is weak, and it’s paid for. The integrity in news went ages ago.”

Slater is adamant that the backbone of New Zealand – the people who work – are not getting a fair shake from government or the system. He aims to change that.

“Each and every one of us has got an investment in NZ Inc, and the majority of the people in charge of the place are taking the piss out of our investment.

“We’re going to keep the buggers honest. There’s no better disinfectant than sunlight.

“To use a tired phrase – if you have nothing to hide, you have nothing to fear, so Wellington, you’re on notice – if you’re having a lend, we’re coming for you!”

Changes will be rolled out over a period of months and will include both print and a 24 hour news website to support the paper. Slater aims to alter the approach to news presentation significantly.

“We took the pulse of the nation, and it had nearly bloody died.

“No bastard wants to read old news – they can get that online. We’ll be more of a views-paper that promises to deliver REAL news, REAL opinion.

“The people are numb from the eyes down with the diet of PR’d crap they get now. I will not do it to them anymore – it’s not right.

“I assure you – the little paper that could still can!”

There will be further announcements regarding contributors and editorial direction.

Slater’s first issue will hit newsstands on Thursday 8 November 2012.

This won’t be an easy job but you don’t get to be the country’s most-read blogger by doing the easy things.

And surely nothing he’ll meet in the editor’s chair will be harder to deal with than depression.

 

 

 

 

 


The truth, the whole truth …

July 20, 2008

Witnesses in courth have to swear to tell the truth, the whole truth and nothing but the truth for a very good reason: you can lie outright, you can lie by ommission as well as commission by withholding the truth and you can mix truth and lies.

The  developing story on the $100,000 donation from Owen Glenn to Winston Peters, his party and/or his lawyer, has not revealed the truth, the whole truth and nothing but the truth, yet.


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