Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Asset sales "a (wheelbarrow) load of bullshit"

News media statement
Monday 15 April 2013


Monday's partial asset sales float - "Its a (wheelbarrow) load of bullshit"

The opening day for applications for shares in Mighty River Power will be observed today with a wheelbarrow load of 'bovine excrement'. (See attached photo).

Anti asset sales protestors will be visiting some of the Wellington offices of stockbrokers and advertising agencies being paid up to a total of $100 million by the Government to implement its partial asset sales programme.

"The wheelbarrow will be delivered to one of the companies representing all the bullshit involved in the asset sales programme", says protest organiser John Maynard.

The protest group will move off from the Lambton Quay gates of Parliament 1.00pm Monday 16 April going along Lambton Quay to stockbrokers Forsyth Barr, the Ministry of Foreign Affairs and Trade, and public relations company Senate Communications.

"The Government has claimed that Mighty River Power and other state asset floats are for the warm fuzzie mums and dads. However the 2009 report of the Capital Markets Task Force reveals that it is stockbrokers who are driving the Government's asset sales policy.

"The share bonuses are a bribe, shareholdings will move overseas and power prices will increase along with directors' fees.

"Leaks from the secret negotiations of the Trans Pacific Partnership have revealed the power over the Government expected to be given to overseas investors in the partially owned power companies. Overseas shareholders in partially state owned power companies wanting to protect their profits and share values can subvert the New Zealand Government's law-making sovereignty by threatening to sue the Government under the secretive Investor States Disputes Settlement process of the TPP.

"Not satisfied with the Government listing Mighty River Power on the Australian Stock Exchange, company executives are travelling to Hong Kong, Britain and he United States to entice even further opportunities for foreign investment in Mighty River Power.

"The asset sales programme is based on a load of bullshit".

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Political Twins, And On Labour Extending Its Wage Subsidy Scheme


A quick quiz for the weekend. Which political party currently represented in Parliament issued a press release yesterday that contained these stirring passages:
“[We have] long supported a free trade and free movement area between Canada, Australia, New Zealand, and the United Kingdom…on trade, immigration and investment, New Zealand must favour countries who share our values. New Zealand must do its part to reinforce freedom and democracy around the world by diversifying our markets and building stronger relationships with those who share our values... More>>

 

Parliament Adjourns: Adjournment Debate: Speaker Trevor Mallard

The 52 Parliament has sat for the last time before the September Election. It sat for 245 days... More>>

ALSO:

E-Cigarettes: Vaping Legislation Passes

Landmark legislation passed today puts New Zealand on track to saving thousands of lives and having a smokefree generation sooner rather than later, Associate Health Minister, Jenny Salesa says. The Smokefree Environments and Regulated Products (Vaping) ... More>>

ALSO:


National: $4 Billion Investment To End Wellington’s Congestion Woes

A National Government will invest another $4 billion in transport infrastructure across Wellington, igniting the economy and delivering the congestion-busting solutions the region has long been crying out for, National Party Leader Judith Collins says. ... More>>

ALSO:

Gordon Campbell: On The Virtues (and Fluffed Opportunities) Of The Operation Burnham Report

One unspoken rule of thumb in any official public inquiry is : whatever you do, don’t conclude you were made to listen to “a litany of lies” even if the evidence of a deliberate cover-up is right there under your nose. In that respect, the report ... More>>

ALSO:


Horizon Research Limited: How Judith Collins Stopped The Bleeding

Horizon Research includes questions on voting from time to time in its surveys – for both forthcoming referenda and general elections. More>>

Your Vote 2020: Bringing Election Coverage To Viewers Across TVNZ Channels And Platforms

As New Zealand gets ready to head to the ballot box this September, 1 NEWS is bringing voters comprehensive coverage and analysis of this year’s General Election. TVNZ’s coverage will draw on the depth of experience held across the 1 NEWS team, says Graeme ... More>>

Economy: 30% Believe Households Worse Off, 298,000 Expect To Lose Jobs

64% of New Zealanders feel the economic position of their households is the same or better than a year ago – and 30% think it is worse or much worse, while 298,000 think they will lose their jobs in the next 12 months. Households’ perceptions ... More>>

State Services Commission: Findings Of Investigation Into COVID-19 Active Cases Privacy Breach

Deputy State Services Commissioner Helene Quilter has today announced the findings of an investigation into a breach of privacy regarding sensitive personal information. The investigation looked into who or what caused the disclosure of the information, ... More>>

International Security: New Zealand Suspends Extradition Treaty With Hong Kong

The New Zealand Government has suspended its extradition treaty with Hong Kong and made a number of other changes in light of China’s decision to pass a national security law for Hong Kong, Foreign Affairs Minister Winston Peters says. More>>

ALSO:


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels