Labour / NZ First Government

[Balance]

https://www.stuff.co.nz/travel/news/...d-him-the-most

Good question - where is the tourism minister?

[Balance]

https://www.nzherald.co.nz/business/...ectid=12329317

Employer used $70k wage subsidy for other than payments to staff.

Company has gone into receivership and so, it's tough luck for the employees and taxpayers.

Scary to think how much of the $100k loans to businesses are going to disappear down the proverbial black holes. And we are talking $20 billions to $25 billions at stake!

Amateurs at work in Cindy's government.

[blackcap]

https://www.nzherald.co.nz/business/...ectid=12329317

Employer used $70k wage subsidy for other than payments to staff.

Company has gone into receivership and so, it's tough luck for the employees and taxpayers.

Scary to think how much of the $100k loans to businesses are going to disappear down the proverbial black holes. And we are talking $20 billions to $25 billions at stake!

Amateurs at work in Cindy's government.

The loan system has me a bit worried. I think all the wrong companies that do not know how to handle debt are going to get these loans and use the money for all the wrong reason. Keystone cops and if Stuart Nash or whoever is behind this thinks that companies know what they are doing and will act responsibly then pull the other one.

[fungus pudding]

The loan system has me a bit worried. I think all the wrong companies that do not know how to handle debt are going to get these loans and use the money for all the wrong reason. Keystone cops and if Stuart Nash or whoever is behind this thinks that companies know what they are doing and will act responsibly then pull the other one.

I seriously doubt that there are many companies that do not know how to handle debt.

(Which is not to say that there are no companies that will misuse it.)

[dobby41]

https://www.nzherald.co.nz/business/...ectid=12329317

Employer used $70k wage subsidy for other than payments to staff.

Company has gone into receivership and so, it's tough luck for the employees and taxpayers.

Scary to think how much of the $100k loans to businesses are going to disappear down the proverbial black holes. And we are talking $20 billions to $25 billions at stake!

Amateurs at work in Cindy's government.

Tough to get the money out quickly and then hand hold all companies - would still be waiting for it to happen.
Better to work fast and accept some failure than have it grind to a halt.
Criticism whichever way it went was to be expected.

[blackcap]

I seriously doubt that there are many companies that do not know how to handle debt.

(Which is not to say that there are no companies that will misuse it.)

Fair call, the ones I am thinking of are probably in the minority. But the temptation to take on more debt at 0 interest when you can not handle it must be palpable in this environment. I think there will be plenty of defaults. To be fair, having given it some thought, this is probably a better option than the helicopter money of the wage subsidy.

[dobby41]

Bring Sir Roger back
https://www.stuff.co.nz/national/300...-covid19-shock
I like this line
"Douglas said it was an example of “the old maxim rendered true — there is never someone more socialist than a wealthy capitalist in a time of crisis”."

[fungus pudding]

Bring Sir Roger back
https://www.stuff.co.nz/national/300...-covid19-shock
I like this line
"Douglas said it was an example of “the old maxim rendered true — there is never someone more socialist than a wealthy capitalist in a time of crisis”."

Roger Douglas - a politician who learned how to think. Unlike the vast majority who learn how to preach.

[kiora]

Roger Douglas - a politician who learned how to think. Unlike the vast majority who learn how to preach.

Yes,step aside Robertson?
https://www.nzherald.co.nz/business/...day+6+May+2020

[Zaphod]

Yes,step aside Robertson?
https://www.nzherald.co.nz/business/...day+6+May+2020

The Labour party of Roger Douglas's era wouldn't mesh well with the Labour party of Robertson's era.