<update: I’ve changed the headline and edited this post as Auckland Council deny that this is under their purview. The Whitcoulls building and the Santa are both private. I’ve done some digging around, and it appears to be the responsibility of the Heart of the City campaign, who have a 3-day time-lapsed video of the Santa and …
Continue reading “Why are you accepting fatal risks Heart of Auckland City?”
Several of New Zealand’s largest retail businesses have been convicted of breaches of the Fair Trading act within the last five years. Some were smart enough to settle with the Commerce Commission before being convicted, but most admitted a breach of the act. Telecom was convicted and fined $500,000 in 2009, pleading guilty to 17 charges …
I paid no GST when I purchased Lorde’s Pure Heroine album from Apple’s NZ iTunes store in September, but I did pay GST when I purchased a MacBook Air from Apple’s NZ online store. And while I do pay tax when I rent or purchase movies from the US iTunes store, but that’s a US …
We sent the below to investors on Friday. Thanks are due not just to investors, but also to everyone who supported us. In particular though are our suppliers. We were amazed at the excellent support in particular we received from Buddle Findlay (Sacha Judd), Lee Ter Wal Design (Baruch Ter Wal), Pursuit PR (Paul O’Leary) …
Today saw the launch of the strangely named Taxpayer’s Union, a lobby group aimed at “giving taxpayers a voice in the corridors of power.” Given the taxpayers, that’s all of us, already have a voice each three years and through various processes, the Taxpayer’s Union deserves a bit more scrutiny. Are they rational economists looking …
Continue reading “Taxpayers Union: Teaparty wingnuts or rational economists?”
The World Bank Group’s Doing Business report for 2013 is out, and New Zealand is again ranked at number 3. I’ve highlighted on our report, below, the areas where we are clearly behind. However even in the areas where we do well, such as opening a business, we can do a lot better. It’s not …
Continue reading “Doing Business well, but we still do it better”
For now I have to focus on activities that will earn back some of the lost earnings and investment in trying to get Punakaiki Fund off the ground. One intent of Punakaiki Fund was to fund my time spent helping companies to grow, an activity which I really enjoy. Meanwhile a byproduct of the fund …
On Friday afternoon, just as Punakaiki Fund was closing well short of the $5 million minimum, I gave a speech (video) to close out the IITP annual conference. I was asked to talk about innovation and to be inspiring as the conference ended. It was a tough call as the spectre of a public failure hovered …
Tomorrow is the latest Apple event, apparently focussed on iPads. It’s time to dredge out my predictor from 2011. Black are the original predictions, red the results to date and I’ve put green boxes around potential releases this year. Missing is the rumoured iPad mini retina display. The predictions are showing their age now. In general …
Continue reading “The product lifecycle – as explained by Apple”
Just launched by Curative and 96Black funded by gambling money from Lotto is The Harbour, a site for those affected by harmful sexual behaviour. It’s very well done (aside from some initial paragraph spacing issues and missing links.) The content does not take long to read, and it’s good for all of us to get …
I’m really quite sad to be missing this year’s CEO Summit, but Punakaiki Fund has to take preference. The summits are aimed at CEOs of medium- and larger-sized NZ companies, and combine an audience from the design profession with the CEOS, management teams and a host of high quality local and international speakers. They are …
Monsanto just purchased Climate Corp for US$960 million. Climate Corp is a company that is really good at predicting weather in a small area (like a farming region) and provides insurance against poor weather conditions like drought to farmers. It was started by two ex Googlers. Do we have anything like this here? We certainly …
Wal*Mart thought it could save money by shifting towards a higher percentage of part time temporary staff, who had to reapply every 180 days. They also increased the number of hours required to qualify for healthcare from 24 to 30. These to me were signs that senior management was lowering its commitment to putting customers …
Two things not to invest in: 1: Nobel prize winner Robert Shiller says housing is a lousy investment. 2: FMP Medical Services Limited, who just made history by being the first company to have a prospectus cancelled by the FMA. The point with the first is that all of your cash is tied up in …
A simple summary of today’s “Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2013”, or the Economic Nobel Prize as everyone incorrectly calls it: Eugene Fama: You cannot really predict the price of a stock in the short run. Robert Shiller: The ratio of stock prices to dividends (P/E) trends to …
Lance Wiggs 