Tag: Finance

Gordon Campbell on Labour’s housing policy, and TPP rewrites

Column – Gordon Campbell D riving round Dunedin South yesterday was an interesting place to be hearing the news of Labours new housing policy launch. In Corstorphine and Kew came street after street of state housing built in a previous era by an effective government … Gordon Campbell on Labour’s housing policy, and TPP rewrites Driving round Dunedin South yesterday was an interesting place to be hearing the news of Labour’s new housing policy launch. In Corstorphine and Kew came street after street of state housing built in a previous era by an effective government response to housing need,...

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Time for Central Banks to Phase Out Quantitative Easing

Speech – Peter Neilson Shortly after the 1987 election, as a new Associate Minister of Finance Roger Douglas asked me to take over the day to day responsibility for inflation, monetary policy and the Government owned financial institutions. Roger Douglas, the Finance Minister, …Peter Neilson an Inflation Targeting Pioneer Says it is Time for Central Banks to Phase Out Quantitative Easing and Super Low Interest Rates and For the Politicians to Start Leading Again on Economic Policy (An extract from a Speech Peter Neilson, an Economist and Minister in the Lange/Palmer/Moore Government will deliver to the Economist’s Association Conference...

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Gordon Campbell on Trump and the Madman Theory

Column – Gordon Campbell Years ago, Richard Nixon explained to his chief adviser Bob Haldeman what has since become known as the Madman Theory of foreign policy . Gordon Campbell on Trump and the Madman Theory Years ago, Richard Nixon explained to his chief adviser Bob Haldeman what has since become known as the “Madman Theory” of foreign policy. Basically, if America’s rivals could be reminded that Nixon was an unstable, rabid anti-Communist with his finger on the nuclear trigger, Nixon reasoned, then maybe they’d be less willing to challenge the US in the world’s hot spots. Don’t push him, ‘cause he’s close to the edge. “I call it the Madman Theory, Bob. I want the North Vietnamese to believe I’ve reached the point where I might do anything to stop the war. We’ll just slip the word to them that, “for God’s sake, you know Nixon is obsessed about communism. We can’t restrain him when he’s angry—and he has his hand on the nuclear button” and Ho Chi Minh himself will be in Paris in two days begging for peace.” [1] Donald Trump looks like the latest incarnation of this theory. As President, would Trump be just ‘crazy nutty ‘or ‘crazy like a fox’? Hopefully, the world won’t be put in the position of finding out for sure. One of the problems with the Madman Theory (which BTW,...

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Questions and Answers – 12 April 2016

Press Release – Office of the Clerk 1. ANDREW LITTLE (Leader of the Opposition) to the Prime Minister : Does he stand by all of his statements in relation to the Panama Papers?Questions for oral answer 12 April 2016 1. Panama Papers—Prime Minister’s Statements [Sitting date: 12 April 2016. Volume:712;Page:2. Text is subject to correction.] 1. ANDREW LITTLE (Leader of the Opposition) to the Prime Minister: Does he stand by all of his statements in relation to the Panama Papers? Rt Hon JOHN KEY (Prime Minister): Yes. Andrew Little: Does he accept that the Panama Papers show that New Zealand – based foreign trusts are being used, at the very least, for tax avoidance? Rt Hon JOHN KEY: No, I have not seen the Panama Papers, so I cannot comment on whether that is the case or not. Andrew Little: Why did he limit the tax dodging review to only the operation of the law in respect of foreign trusts in New Zealand, and not, for example, the law around portfolio investment entity funds and tax paid by multinationals? Rt Hon JOHN KEY: I think the review being undertaken by John Shewan will be quite comprehensive when it comes to disclosure and the issues around tax. Where that will ultimately go is a matter of us working with the OECD, and our officials are going to Paris on Wednesday...

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Gordon Campbell on (missing) US links to the Panama Papers

Column – Gordon Campbell Belatedly, US complicity in the global tax avoidance systems is now trickling out into daylight. To some, one of the suspicious aspects of the scandal to date has been how few firms and individuals from the US have featured in the document dump … Gordon Campbell on the (missing) US links to the Panama Papers, and Merle Haggard Belatedly, US complicity in the global tax avoidance systems is now trickling out into daylight. To some, one of the suspicious aspects of the scandal to date has been how few firms and individuals from the US have featured in the document dump from the Mossack Fonseca law firm. The Guardian did nothing to dispel the potential for paranoia about a Cold War agenda by making the scandal initially seem to be about Vladimir Putin and his cronies. Former British diplomat Craig Murray has come out strongly against the selective nature of the coverage to date. Calls have been made to release all of the Panama Papers documents – right now – assuming a suitable place is found to store what is said to be 2 terrabytes of data, or 11.5 million documents. (The entire Snowden trove by comparison amounted to only 60 gigabytes. Years later, we’re still getting news stories based on Snowden’s mine of information. The same will presumably apply in this case.) The Panama...

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