Posts by Kyle Matthews
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Less than a dollar if it's a local call.
Which wouldn't necessarily make the fax and sending it OK, just seems not worth the effort for 'theft as a servant'. I personally couldn't care if my local government employees occasionally send personal faxes on their work machines as long as its not out of control.
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His point about us having no effective navy to protect "our" trade shipping made we wonder... How many NZ flagged shipping lines still exist?
How many of the few ships that we have need protecting? Are there pirates in NZ waters that I don't know about?
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And I imagine Paul Henry is only interested in how attractive the victim is.
And her facial hair.
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I'm not discomforted, I am just unsure of how appropriate the term is. The vast majority of pro-life protests are legal and non-violent.
I think what we're discussing is one particular pro-life 'protest', not all of them.
(For some reason I feel like 20 people have made this point before me).
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Don't recall where it was in our local blogosystem, but someone pointed out that government borrows a certain proportion of its total income and that it is misleading to say any one expenditure item is all funded from borrowing while another is totally funded from tax, etc.
While some of the actual dollars that you are investing might come from tax take, the question is really about opportunity cost.
The difference between the two situations (investing 2 billion in the super fund or not investing it) is borrowing an additional two billion dollars. When making the decision to do it, those are the two things that should be compared.
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I don't think Treasury's forecasts are worth shit, the idea they can even begin to say it will be worth an extra 5.75% or whatever the figure was in 20 years' time just shows how deluded they are in their own ninja accounting skills (or more kindly, simply that it's their job to come up with some sort of figure, regardless of how worthless it might be).
I'd be quite confident that the forecasts are well off. Figures into excel does not a foolproof plan make.
But I presume there are some relativities involved. If the returns on investments are down over the next 10 years due to the economy, then I presume that the cost of borrowing will also fall somewhat. So it might to some extent balance out relative to each other (but the final figures will end up well different).
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Then I popped in here and you'd done it all for me! Perhaps I should lie awake at 2am thinking about winning Lotto...
While I'd be quite happy if Keith won Lotto, I doubt he'd share it around us all.
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2) Treasury does not include tax on the NZSF Fund as a net gain for the economy as if the money was not invested in the fund, it would have been invested in other taxable activities. You really think you can just invent tax revenue?
David, surely the opportunity cost of not borrowing an additional $2 billion and investing it in the Super Fund and then earning the taxation on its earnings is not borrowing the money at all? English said that by cutting contributions to the fund he was reducing our future debt, he didn't say "the money will instead be going into health, education, housing".
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But in the end, the idea that diversification saves you is based on the fact that whatever Japan got, is not catching. I think that just remains to be seen.
I would hope that diversification would mean that the Cullen Fund wasn't just investing in stock markets, as they all tend to fall over at the same time.
Bonds, property, foreign currency, assets etc could all be part of diversification.
(Keith hurt my head, I think I need to read his post again).
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Was it an act of terrorism? Yes! Had it occurred in NZ, would it be terrorism? We no longer know since that word is off the statute books. That's the entirety of the point. It has legal significance that I imagine I/S will accept.
I fail to see how this whole argument about whether parliament in New Zealand has provided us with a legal definition of terrorism has to do with whether or not Russell should call this dude in the States who apparently shot a guy for performing late term abortions, 'domestic American terrorism'.
What the legal significance of New Zealand law no longer having a definition of terrorism is to a guy in the States... not clear.
Nicole Brown Simpson's life was ended in an action of wrongful death. She wasn't murdered, because the glove didn't fit. They had to acquit. No murder.
I do despair.