AIR - Air NZ.

[Blue Skies]

Paul Krugman once said what people learn from running a business won’t help them formulate economic policy. A country is not a big corporation. The habits of mind that make a great business leader are not, in general, those that make a great economic analyst; an executive who has made $1 billion is rarely the right person to turn to for advice about a $6 trillion economy. (Krugman)

Whether Jacinda’s new advisory group is just a mutual admiration society only time will tell.

But as long as the world believe that Jacinda’s doing something and the input of Luxon and his mates are going to help to guide economic policy for the good she has achieved her aim — essentially diverting attention away from the problem for while. Or maybe it was all just window dressing to get some more headlines.

Seems a very glass half empty way of looking at things if you don't mind me saying. There's cracks appearing in society everywhere, from unaffordable housing, unsustainably low wage economy for teachers, nurses police etc, debt being loaded onto future generations, effects of climate change, dependence on fossil fuels, unsustainable welfare etc & we can't just keep kicking the can down the road, there needs to be some change/transitions to face these challenges, which some of us believe this govt is trying to do ( & probably Bill English would have started to tackle too)
Mai Chen wrote a very good article recently on diversity in the board room, being not just about getting more women or ethnicities around the table, but more importantly a range of well informed & articulated opinions, & not just having a diverse looking group of people, agreeing with everything the chairman says, which is unfortunately so often the case.
I can only see it as a positive that Jacinda Grant etc have established a business advisory group, who may not get everything they want but they are listening to their specific concerns & politics & policy as we know is all about compromise.

[peat]

3.40 is the magic number. if it could break through that it could be very bullish.

[Patient Panda]

Paul Krugman once said what people learn from running a business won’t help them formulate economic policy. A country is not a big corporation. The habits of mind that make a great business leader are not, in general, those that make a great economic analyst; an executive who has made $1 billion is rarely the right person to turn to for advice about a $6 trillion economy. (Krugman)

Whether Jacinda’s new advisory group is just a mutual admiration society only time will tell.

But as long as the world believe that Jacinda’s doing something and the input of Luxon and his mates are going to help to guide economic policy for the good she has achieved her aim — essentially diverting attention away from the problem for while. Or maybe it was all just window dressing to get some more headlines.

You a big fan of Krugmans Winner? Can’t say i’m too impressed with him. I’d take anything outside his circle of expertise (international trade) with a very large grain of salt.

disc; not an expert but have an Econ degree and general interest.

[Marilyn Munroe]

Virgin(Under Arm Bowlers Division) has just posted an awful annual result. $A714 million statutory loss.

This will have caused a sharp intake of breath in Abu Dhabi, Hainan, Singapore and Necker Island.

Their plan to include bags and meals in basic fares across the Tasman could be a winner.

https://www.nzherald.co.nz/business/...ectid=12115599

Boop boop de do
Marilyn

PS. The Virgin spokesperson in the Herald video hints that Tiger Airlines may fly across the Tasman.

[Snow Leopard]

Virgin(Under Arm Bowlers Division) has just posted an awful annual result. $A714 million statutory loss.

This will have caused a sharp intake of breath in Abu Dhabi, Hainan, Singapore and Necker Island....

Actually it is quite a good result and maybe the forums resident accountant can explain to us why they would de-recognise $511M of tax assets, that they can re-recognise in the future.

But I came here to talk pilot shortages.
This has been the Jumbo in the hanger for a number of years now but airlines are actually starting to making mention of it in their reports, announcements, etc.

So you have been warned, even if you did not notice .

Time to fly:

[winner69]

Love Shane Jones .....and of course Jacinda and Chris are the beginnings of a mutual admiration society

Morning Report (@NZMorningReport)
30/08/18, 8:47 AM
.@GuyonEspiner asked Regional Economic Dev Minister Shane Jones about calling business advisory head a 'celebrity appointment'. He responded:

"Chris [Luxon]... would know one of the commandments is do not covet the arse of your neighbour. Goodbye." radionz.co.nz/national/progr…


Morning Report (@NZMorningReport)
30/08/18, 9:02 AM
@GuyonEspiner "I've got no time for celebrities in business... He is a celebrity. Chris Luxon regards himself without a sliver of doubt as a key feature..." - Some excerpts from the interview with Shane Jones. Follow the link above for full context.

Interview is here https://www.radionz.co.nz/national/p...elebrity-jones


.......but I doubt many if you will bother listen

[winner69]

Christopher hates being called Chris ...esp by Shane

[dobby41]

Christopher hates being called Chris ...esp by Shane

Guyon called him Chris first? 5:46

[Blue Skies]

Hi Winner, only heard the first part (on Australian banks) of the 'Greetings from'.. Shane Jones interview this morning while grabbing some breakfast, but just had to listen to the 2nd part of the interview on CL after seeing your post.
Think he likes stiring the pot up a bit & seeing what rises to the surface. He's a character all right, colourful earthy eccentric, contorted, & hilarious way to end an interview! Think even Guyon was amused.

[Beagle]

Actually it is quite a good result and maybe the forums resident accountant can explain to us why they would de-recognise $511M of tax assets, that they can re-recognise in the future.

But I came here to talk pilot shortages.
This has been the Jumbo in the hanger for a number of years now but airlines are actually starting to making mention of it in their reports, announcements, etc.

So you have been warned, even if you did not notice .

Time to fly:

Kiwi Beagle doesn't pretend to have any expertise when it comes to Australian taxation matters but will opine that normally the derecognition of tax assets, (losses carried forward) is because there is no longer the reasonable expectation that these assets will be able to be utilized in the future.

I haven't looked at Virgin's gearing for a while but I would imagine with that statutory write-off its even more shocking and badly stretched than it was last year. Talk is cheap regarding expansion. Finding aircraft, crew spares and the capital to invest in another offshore operation is not cheap.

Borghetti or however his name is spelt, the CEO of Virgin is acting like a lover spurned. He appears to be wanting to run a vendetta campaign against a vastly stronger AIR. He must be livid AIR is now code sharing with a quality airline.

Rock star Chris will sort Cindy out.