NZ’s Superannuation fund ranks highest

Good news, from the WSJ blog: Ted Truman, a former top Federal Reserve and Treasury staffer now at the Peterson Institute for International Economics think tank in Washington, with a scoreboard that ranks 32 sovereign wealth funds from 28 countries on 25 elements in four categories — structure, governance, transparency and accountability and behavior. His …

Dump dumping laws now (and don’t buy Croxley paper)

So Office Max (enterprise value US$4 billion), subsidiary Croxley Stationery, wins a NZ anti dumping case against 15 stationary importers from five South East Asian countries. Apparently selling stuff in New Zealand for cheaper than other markets is bad. The law is an ass – I’d rather have that cheaper stationary thank you, and I’d …

10 ways NZ Government can help NZX

There are more tales of companies leaving the NZX, and the question is asked (via a workshop) whether the Government could step in. I really fail to see what more this Government would materially do to solve for a market that is simply too small. Not that there aren’t any possibilities, just that most would …

Telecom is a trade barrier

Rather amusingly, the US Foreign Trade Barriers document referred to below also has some tasty things to say about Telecomms in NZ:  U.S. industry has expressed concern about the fees charged for completing calls using mobile networks in New Zealand, which are among the highest in the world. That’s a clear statement that Telecom’s under-investment …

The cost of US Free Trade – no iPods

Via No Right Turn, I perused a US document that lists NZ policies thast it consiers are trade barriers. Read the full commentary on this amazing document from Joe Hendren. It was astonishing to see the US music industry’s thoughts about NZ copyright law & policy in print: The U.S. music industry opposes a proposed …

ACC, Benefits and 36,800 words

So you are in a giant battle with ACC, which has included you spending time in Prison for benefit fraud (something you are appealing). You profess that you cannot work because you cannot use a mouse or write, and have mild brain damage. Then ACC (or is it WINZ?) cuts off your current benefit. So …

TheAtlantic.com

The Atlantic Monthly magazine continues its transformation from an excellent magazine and ok website into an excellent magazine and an excellent website. The site now features A lister bloggers Matthew Yglesias and Andrew Sullivan, along with James Fallows and Ross Douthat who are a senior Atlantic correspondent and a senior Atlantic editor. The homepage, as …

Ban incandescent bulbs – not a no brainer..

No Right Turn suggests we follow Australia’s lead and ban incandescent bulbs. While I think this is a clear case of Government intervention helping consumers reduce total cost of ownership it is not a total ‘no brainer’. While the short term increase in spend will eventually be matched by reduced electricity bills, this will be …

NZ Scandal. why ‘whatever’ is great news

Scandal in NZ as a tell-all book is published about Don Brash, leader of the opposition. It’s interesting to observe the reaction here versus similar tell-all books in the USA. I would classify this as a ‘whatever’ scandal in the USA. Brash resigned. This seldom happens in the US unless pageboys or other Republican sex …