Media watch – Wednesday

14 February 2018

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.

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24 Comments

  1. Blazer

     /  February 14, 2018

    Sir Ralph,deserts the ship…
    http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11994098
    Fletchers has been an ongoing debacle for decades.Paying the’ going rate’ for talent,hasn’t worked.
    Previous visionaries and luminaries like Sir Ron Trotter and Sir Roderick Deans have presided over ludicrous investments’,where they over paid for assets that under performed.Today with 54 people earning over half a million dollars a year,they unveil another tribute to inept management and incompetency on a grand…scale.

    • PartisanZ

       /  February 14, 2018

      But … but … but … Milton Friedman said it would work!

      • PartisanZ

         /  February 14, 2018

        They said … all those von Hayek, von Mises people … they said competition would negate any tendency towards monopoly … They said so!

        • High Flying Duck

           /  February 14, 2018

          I think you’ll find the industry is fairly heavily regulated and has high compliance costs which has a tendency to reduce competition and increase the chances of a monopoly.

          • PartisanZ

             /  February 14, 2018

            To some extent maybe … only not enough to account for the monopoly …

          • Blazer

             /  February 14, 2018

            I think you’ll find in many areas of the construction industry Fletchers have a virtual monopoly going…things like..Gib Board,and as usual have always had the ear of …successive Govts.Gaynor got it right…it became a cushy old boys club as far as directors go,with most having very little understanding of the industry….the moneys ..good though.Norris is pissed…a huge black stain on his immaculate C.V…

            • High Flying Duck

               /  February 14, 2018

              You won’t find any disagreement from me – their protectionist racket is a disgrace, and the sooner the industry is opened up to competition the better.
              Norris will definitely be smarting as his halo gets tarnished…

            • PartisanZ

               /  February 14, 2018

              That’ll mean unraveling current government procurement processes …

              That’ll mean unraveling much of the legitimized corruption of the corporate-capitalist State, essentially the neoliberal economic paradigm … like admitting it was never ‘deregulation’ but ‘re-regulation’ …

            • High Flying Duck

               /  February 14, 2018

              It will mean getting Government out of business and letting the market function as it should.
              I’m impressed that you can contort Government processes with the neoliberal economic paradigm. Kudos.

            • PartisanZ

               /  February 14, 2018

              Care to cite examples of anywhere in the world where the neoliberal paradigm is not ‘contorted’ with government processes?

              Indeed, they are CONJOINED … like Siamese Twins … One head shouting “We’re not conjoined! We’re Not!” and the other head shouting “It’s your fault I’m stuck here!” …

            • Blazer

               /  February 14, 2018

              funnier by the day…’Shareholders at Contact Energy might legitimately ask whether Norris, who got off to a shaky start at his first annual meeting as chairman in 2015 by referring three times to Contact as Origin Energy, is the right man for the job there now too.’
              and the usual ..’Norris may argue that the problems that have emerged over the last year were already embedded when he rejoined the Fletcher board in 2014, but that strikes a lame note in 2018.’…Stuff.

            • duperez

               /  February 14, 2018

              Must be a real bastard living with all the fancy accoutrements that life can provide and having a stained CV. I mean a black stain is a sort of slight against one’s honour and one’s honour is the most sacred thing in life.

              I can see it now, some pleb working long hours, on the bones of his arse, working for some Fletchers downstream outfit going to bed smiling that he doesn’t have a black stain on his CV.

              He’s grateful he won’t have the worry of the possibility of his flights to his four week holiday in Vienna being upset, which vehicle to drive to the beach house and whether the Te Mata 2015 Coleraine will be well-received by his weekend guests.

              This is no big deal, the top dogs will still have their days.

            • Blazer

               /  February 14, 2018

              Norris cares alright…’ his future, Norris said he was realistic enough to accept that the B&I events would attach a stigma to his name and reputation.

              He was undecided about future governance roles, simply saying “I hope very happy and eventful life going forward” and that, in time, he hoped people would judge his legacy on his successes.’

      • Blazer

         /  February 14, 2018

        Milton Berle ..made more..sense.

  2. Blazer

     /  February 14, 2018

    in Oct 2017 KPMG…advised a loss of $160mil…that has now been re rated to….$660mil.
    Norris reeking of sincerity as he abandons…ship…’Fletcher Building remains a great and solid business. I have every confidence it will weather this storm, and once again deliver our shareholders the value they expect and deserve.’.

    • PartisanZ

       /  February 14, 2018

      That kinda Chairman, Board Member, CEO and higher-executive-level ‘professional’ don’t come cheap …

      • PartisanZ

         /  February 14, 2018

        Perhaps there’s a way of positively re-framing this idea … ?

        The ‘people’ capable of shafting-their-own with impunity are quite rare among human beings – whose natural tendencies are prosocial – and, like any genuinely scarce commodity – because work has been commodified like coffee, cigarettes, land, ‘home’ or any other article of use – these ‘people’ creatures therefore command a very high price in the marketplace controlled by other people-creatures …

        … a lengthier analogy looms ……

        • PartisanZ

           /  February 14, 2018

          … the people-creatures who control the business marketplace must therefore have ideologically aligned people-creatures in government controlling the State … and the state of the economy …

  3. Blazer

     /  February 14, 2018

    management look to blame…sub contractors…tradies for the fixed price contracts they entered into.

  4. Blazer

     /  February 14, 2018

    ‘Professor Jilnaught Wong, in the department of accounting and finance at the University of Auckland business school, estimated the company had suffered between $1.7 billion and $2.7b in total wealth loss over the past nine years as a result of not earning enough to cover the cost of its capital.

    “It’s quite horrific – if you think about an organisation that’s supposed to be performing,” he said on Tuesday.’

  5. phantom snowflake

     /  February 14, 2018

    Martyn Bradbury lets fly in his eulogy of Bill English:

    English rammed through hard right moral doctrine to appease his angry right wing God. He killed off secular Government social obligations which he saw were sinful by pretending to resource only the truly needy. It’s a clever way to fool people, but it’s simply making the neoliberal welfare state even more punishing and more draconian.

    English focused on mutilating the State’s capacity to fund and dispense its social obligations so that desperate people are pushed towards God or Gods representatives on Earth.”

    https://thedailyblog.co.nz/2018/02/14/bill-englishs-true-legacy/

  6. High Flying Duck

     /  February 14, 2018

    Same shits…different day (and Government).

  7. duperez

     /  February 14, 2018

    One of the stories of the day:
    The mother of a man facing deportation from Australia for the terrible bashing of a defenceless young man said she had prayed to stop them (him and his nephews) going to prison – and will keep praying while they are behind bars to stop their deportation.

    “Praying is the only way and leaving everything in God’s hands to take care of is the only thing we can do,” she added.

    So she wants God to stop her son being deported but there’s no mention of whether she thought God should have stopped the victim being punched from behind by one and then violently kicked and punched while he lay unconscious on the ground.

    http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11994585