Sunday, October 22, 2017

Brian Giesbrecht: The “60’s Scoop” Continues

The federal government has reached an agreement in principle to settle outstanding class-action lawsuits relating to what has come to be called the “60’s Scoop”. Eight hundred million dollars will be set aside to settle claims of First Nations and Inuit children who were removed from their homes – “and lost their cultural identity” – between 1951 and 1991.

This settlement represents the claims for cultural loss by status Indians and Inuit only. Metis and non-status claims remain outstanding, as do claims for other types of loss. The final bill is sure to be in the billions. A national inquiry on the issue is almost certainly being planned – to begin once the inquiry into missing and murdered Indigenous women and girls has issued its report.

Victor Davis Hanson: Trump’s Constructive Chaos

Almost daily, President Trump manages to incense the media, alarm the world abroad, and enrage his Democratic opposition. Not since Ronald Reagan’s first year in office has change and disruption come so fast from the White House.

Let’s consider foreign affairs first. In response to North Korea’s nuclear threats to hit the American West coast, Trump promised Kim Jung-un utter destruction.  And for sport he ridicules him as “rocket man.” 

ISIS is now on the run. The terrorist group has given up on its once-promised caliphate—in part because Trump changed the rules of engagement and allowed American generals at the front to use their own judgment and discretion on how best to destroy their enemies. 

Brian Gaynor: Miner’s end leaves taxpayers in a hole

The sale of Solid Energy’s remaining operating coalmines terminates the Crown’s 114-year involvement in the coal industry.

The sale has been greeted positively by the company, with its press release noting that participating creditors “should see a return of approximately 60 cents in the dollar compared to the estimated 20 cents that creditors would have received if the company had gone into liquidation in September 2015”.

This is an incredibly positive spin on the woeful performance of the company over the past five years. Its disclosure has also been inadequate; taxpayers are entitled to far more information on the company’s asset sale process, particularly the price it received for its mines.

NZCPR Weekly: Losers Take Power

Dear NZCPR Reader,   

In this week’s newsletter we reflect on the news that New Zealand’s new Government is made up of a coalition of the losing parties in the election, our NZCPR Guest Commentator Frank Newman examines the impact on the property and business sectors, and in this week’s poll we ask whether it should be the party with the most votes that is given the opportunity to form a new government, rather than the party that holds the balance of power.

*To read the newsletter click HERE.
*To register for the NZCPR Weekly mailing list, click HERE.

Mole News

Waitangi Tribunal hearings 'chance to move beyond victimhood'
The Waitangi Tribunal hearings which ended yesterday after seven long years are a chance to finally move beyond victimhood, a hapu leader says.

Last week the Crown made its closing submissions in Te Paparahi o Te Raki, the inquiry into Ngapuhi's 600-plus treaty claims. The claimants had their final say in July.

Matt Ridley: Montesquieu's "sweet commerce" and Cobden's "God's diplomacy"

The “ultimatum game” is a fiendish invention of economists to test people’s selfishness. One player is asked to share a windfall of cash with another player, but the entire windfall is cancelled if the second player rejects the offer. How much should you share? 

When people from the Machiguenga tribe in Peru were asked to play this game, they behaved selfishly, wanting to share little of the windfall. Not far away, the Achuar in Ecuador were much more generous, offering almost half the money to the other player — which is roughly how people in the developed world react.

What explains the difference? 

Saturday, October 21, 2017

GWPF Newsletter - World’s First Offshore Wind Farm Retires: A Post-Mortem

GWPF Report Rocks World Bank Meeting

In this newsletter:

1) World’s First Offshore Wind Farm Retires: A Post-Mortem
GWPF Energy, 18 October 2017
2) Norway Seeks $9,000 ‘Tesla Tax’ On Electric Cars
The Local Norway, 14 October 2017

Wednesday, October 18, 2017

GWPF Newsletter - Tony Abbott’s Victory: Australian Govt Dumps Green Energy Target

Labor Party Accuses Turnbull Of Capitulating To Abbott

In this newsletter:

1) Tony Abbott’s Victory As Australian Govt Dumps Green Energy Target
ABC News, 17 October 2017

2) Labor Party Accuses Prime Minister Turnbull Of Capitulating To Tony Abbott
The Advertiser, 16 October 2017

Monday, October 16, 2017

GWPF Newsletter: World Bank "Abandons The Poor"

Climate Science Has Become Non-Popperian

In this newsletter:

1) New GWPF Report: World Bank "Abandons The Poor"

Globe Newswire, 14 October 2017

A new report: 'The Anti-Development Bank: The World Bank's Regressive Energy Policies' by the London-based Global Warming Policy Foundation (GWPF) finds that the World Bank has abdicated its primary mission of tackling poverty in the developing world.

Sunday, October 15, 2017

Karl du Fresne: Licensing trusts - a great social experiment that mostly failed

It probably comes as a surprise to many people to learn there are still places in New Zealand where it’s not possible to buy wine or beer in a supermarket. Invercargill is one such place. West Auckland is another.

These are not “dry” areas, where local voters have chosen to remain liquor-free. New Zealand lost the last of those (two in Auckland, one in Wellington) in 1999.

Frank Newman: October crashes

“October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.” (Mark Twain.)

It's thirty years since the 1987 sharemarket crash - Monday the 19th of October 1987 (US time) to be precise. Wall Street had its biggest one-day fall in the history of the stock exchange, down 22 percent.

Murray Reid: Rangiaowhia Affair

Two years ago, I learnt that my grandsons are direct descendants of Thomas Power and Rahapa te Hauata. Until then I was ignorant of the history of the settlement at Rangiaowhia. To improve my knowledge, I visited the site and the Te Awamutu Museum. The museum has an impressive display of the locality and holds the Taonga of Mrs. Power, gifted to the museum by the West family. I then did follow up research on the genealogy of the couple and read up on what I could find.

A few weeks later at a historical group meeting I mentioned my family’s connection to Rangiaowhia to be told by a Kaumatua of a NE Waikato Iwi that “that was where the British locked over 100 Maori men, women and children in the church and burnt them to death.”

NZCPR Weekly: Creating a Legacy for Growth

Dear NZCPR Reader,   

In this week’s newsletter we look at how New Zealand First’s election promise to reduce company tax could create a legacy of growth for New Zealand – if it is part of a coalition deal; our NZCPR Guest Commentator Professor Richard Epstein reviews the latest US tax reform plans to reduce corporate tax from 35 percent to 20 percent; and in this week’s poll we ask whether you would like to see New Zealand’s 28 percent company tax rate reduced as part of a coalition deal.

*To read the newsletter click HERE.
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Thursday, October 12, 2017

GWPF Newsletter - October Arctic Surprise: Rapid Recovery Of Ice Extent

Tony Abbott, Green Attacks And Ridley’s Paradox

In this newsletter:

1) October Arctic Surprise: Rapid Recovery Of Ice Extent
Ron Clutz, Science Matters, 7 October 2017
2) Tony Abbott, Green Attacks And Ridley’s Paradox
Paul Matthews, Climate Scepticism, 10 October 2017

Wednesday, October 11, 2017

GWPF Newsletter: Tony Abbott's GWPF Lecture Makes Waves Down Under

Under Growing Pressure, Australian Government Ditches Green Energy Target

In this newsletter:

1) Tony Abbott Calls For Climate Pushback As CET Goes Cold
The Australian, 10 October 2017 
2) On Eve Of Tony Abbott’s GWPF Lecture, Australian Government Ditches Green Energy Target
The Courier & Mail, 9 October 2017 

Sunday, October 8, 2017

Lee Harding: Taking the Air out of Airbnb

In Canada, Airbnb is getting…well…deflated. The ironic reason is that it has become too popular.

Airbnb is an online service for “Air bed and breakfast.” It’s for guests who want a cheap place to stay the night, even if it’s on an air mattress. Since its 2008 launch in San Francisco, Airbnb has exploded in popularity, boasting a net worth of $31 billion, having hosted more than 200 million guests in over 65,000 cities and 191 countries.

Melanie Phillips: The Vanishing Conservative Party

You really do have to feel for Theresa May over her catastrophic party conference speech. With a heckler who got far too close, a prolonged coughing fit and a visibly disintegrating party slogan backdrop, this concatenation of calamities would have shaken the hardiest of performers. Someone reportedly as shy as Mrs May must be in agony over the whole thing.
Cruelly, the debacle is being portrayed as a metaphor for Mrs May’s premiership. Her grip on power is supposedly melting away, just as her speech evaporated under the merciless heat of exposure. Accordingly, it is being widely reported that she is now done for and this weekend the plotters will seize their opportunity finally to lever her out of office.

NZCPR Weekly: Proportional Representation – Disproportional Influence

Dear NZCPR Reader,   

In this week’s newsletter we reflect on the final election result, coalition formation, and the demise of the Maori Party, our NZCPR Guest Commentator Karl du Fresne looks at the perversities of MMP, and in this week’s poll we ask which electoral system you prefer – MMP or First Past the Post.

*To read the newsletter click HERE.
*To register for the NZCPR Weekly mailing list, click HERE.

Frank Newman: Creaming it

A few weeks back Fonterra disclosed that its chief executive received remuneration of $8.3m in the year ended July 2017, making him New Zealand's highest paid chief executive. That payment includes base salary, bonuses and other benefits and works out to be about $4,150 an hour!

By way of comparison, the average hourly rate for a heavy truck driver is in the region of $20 to $25, and the average income in New Zealand is about $30 an hour. The Prime Minister receives about $460,000 a year, or $230 an hour, assuming an average working week which his is not.

Friday, October 6, 2017

GWPF Newsletter: Climate Science Controversy Is Good For Science

Reality Check: The Pacific Ocean Is Seeing
‘One Of The Quietest Typhoon Seasons On Record’

In this newsletter:

1) New Study: Climate Science Controversy Is Good For Science
Craig Idso, Watts Up With That, 4 October 2017  
2) New Paper: Is Climate Change Controversy Good For Science?
Ferenc Jankó, Judit Papp Vancsó and Norbert Móricz, Scientometrics - September 2017, Volume 112, Issue 3, pp 1745–1759