Media watch – Monday

29 May 2017

MediaWatch

Media Watch is a focus on New Zealand media, blogs and social media. You can post any items of interested related to media.

A primary aim here is to hold media to account in the political arena. A credible and questioning media is an essential part of a healthy democracy.

A general guideline – post opinion on or excerpts from and links to blog posts or comments of interest, whether they are praise, criticism, pointing out issues or sharing useful information.

3 Comments

  1. Blazer

     /  May 29, 2017

    smokescreen @TS…why are NZ savers 2nd class citizens with banks?

    ‘The other thing is that New Zealand is now the only OECD country which does not have a Deposit Guarantee scheme in place. Even in Australia the “big four” Australian banks which operate here (ASB, BNZ, ANZ and Westpac) all have their depositors’ funds guaranteed up to $250,000. Their New Zealand depositors however do not have any such protection for their funds.

    Even when the OECD urged bank deposit insurance for savers, the then Finance Minister Bill English ruled this out in a 2011Press Release saying that “The Government does not favour compulsory deposit insurance. This is difficult to price and blunts incentives for both financial institutions and depositors to monitor and manage risks properly.”
    (https://www.beehive.govt.nz/release/maintaining-confidence-financial-system)

    The other OECD countries had no such difficulty.’

  2. Gezza

     /  May 29, 2017

    “New Zealand First leader Winston Peters has taken aim at Speaker David Carter – putting forward a motion accusing him of abuse of power over the appointment of Martin Matthews as Auditor-General.

    Peters is unhappy with Carter’s handling of the affair, saying his statement that the decision for an inquiry into Matthews’ suitability as Auditor-General was unanimous was incorrect.

    While Peters called for an inquiry ahead of last week’s decision to hold one, he said his party was not given a chance to discuss the terms of reference, and has labelled the process “last-minute” and having “the hands of the Beehive all over it”.

    He has now given notice of a motion that the House has no confidence in Carter as Speaker, “due to his gross misunderstanding of Standing Orders, for inconsistent Speakers’ Rulings and for abusing his power as Speaker during and after the Martin Matthews’ appointment as Auditor-General”.”

    Yawn. More … if anyone’s actually interested … 💤😴
    http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11865593