Tag Archives: investment

NZ Police reveal new $20m body armour

Disarm the people. Arm the Police … body armour, guns, armoured vehicles, home visits to inquire as to political views. Something is not right with this picture. Three people recently shot by Police in as many weeks. Think what could be achieved with all of that money. Alleviate growing poverty and homelessness for starters. EWR

From odt.co.nz

Police Commissioner Mike Bush has today revealed new improved body armour will be delivered to all officers over the next three years.

Police have signed a contract with Cooneen Protection for the manufacture and supply of the new gear. Cooneen also provide body armour for London’s Metropolitan Police force.

Police are spending $20.7m over four years to make the replacements.

“It’s a significant investment but the safety of our staff is paramount,” Bush said.

“To keep communities safe, first police must keep themselves safe.

“So today I’m proud to announce we are investing in a new body armour system that will help keep police safe.

“With more than a million interactions with the public every year, the vast majority is New Zealanders engage with us appropriately. However, it’s unfortunately the nature of police work that some people want to harm us.”

Existing body armour remained fit for purpose while the new armour was introduced over the next three years, he said.

Both current and new armour meet international safety standards for stab and ballistic resistance.

SOURCE

https://www.odt.co.nz/news/national/police-reveal-new-20m-body-armour?fbclid=IwAR2_C93UrdS41k8N_bR-3_EidMk_pdYGLGY2v88NWHej_12qvKNdiZmXAj0

Private investors to make a killing From Auckland Transport Projects

A must watch on this topic is Joan Veon’s ‘Public Private Partnerships’:
PUBLIC PRIVATE PARTNERSHIPS ARE AN ARM OF THE WORLD’S GROWING CORPORATOCRACY & THEIR BOTTOM LINE IS TO TAKE CONTROL OF THE ASSETS OF GOVERNMENT … JOAN VEON


 

From democrats.org.nz

Labour buddies Phil Twyford and Phil Goff have unleashed a stampede of financial pariahs who will be jostling for a share of the profits from financing the $28 billion in Auckland transport projects they jointly announced on Thursday.

Despite having promised before the election to stop the Public Private Partnership schemes of the previous National government, this latest announcement goes even further down the road of privatising new assets.

The new transport projects will be financed by combination of PPPs and Crown Investment Partners, a government owned PPP scheme in disguise, “which is all about introducing outside capital and attract[ing] co-investment from the private or other sectors”.

Labour used to be the party for the workers but it has just proved it really has turned into a party that shovels taxpayer money into the pockets of the rich, the overseas banks, and the international money shufflers. 

Their big profits will be coming straight out of taxpayer’s pockets, who will effectively rent the new transport facilities, having to pay for the construction of the projects and a premium for the lender’s profits.

READ MORE

https://www.democrats.org.nz/News/NewsItem/tabid/119/ArticleId/5667/Private-investors-to-make-a-killing-From-Auckland-Transport-Projects.aspx

KiwiSavers invest in cluster bomb, land mine manufacturers

The subject of Kiwisaver has certainly raised a lot of questions lately with regard to the investment of funds by our corporation. Likewise have been the questions around our PM’s ongoing alliance with the US war machine. Check this one out!

EnvirowatchRangitikei

 

radionz.co.nz

Hundreds of thousands of KiwiSaver members in government-appointed default schemes may be unknowingly investing in companies making cluster bombs and anti-personnel mines.

A solider planting a land mine.

Photo: radionz.com

At least five of the nine default KiwiSaver providers invested in these types of companies, despite them being banned by government agencies such as the New Zealand Superannuation Fund and ACC.

The Green Party and Amnesty International say the government must review default providers that have investments in these weapons.

People who sign up to KiwiSaver but do not pick a scheme to enrol in are automatically allocated to one of nine providers hand-picked by the government.

These default providers are ANZ, Westpac, ASB, BNZ, Kiwibank, AMP, Mercer, Grosvenor and Fisher Funds.

More than 500,000 people are enrolled in default schemes, according to figures supplied by Inland Revenue.

An investigation by RNZ has found the default funds run by ANZ, Westpac, ASB, AMP and Grosvenor invested in the anti-personnel mine manufacturer Northrop Grumman and nuclear weapon or base operators Fluor Corp, Honeywell International and Lockheed Martin.

Westpac, ASB, BNZ, Grosvenor and AMP also invested in cluster bomb manufacturers General Dynamics and Textron.

The New Zealand Superannuation Fund and ACC are not allowed to invest in any of these companies because of the government’s obligations under international conventions banning the use of these weapons and investment in the companies that make them.

READ MORE

Did you know your money in a term deposit in a NZ bank is not guaranteed by your Government?

Remember people, this is your government (really a corporation) that just lost $200 million of your hard earned Kiwisaver funds to a collapsed Portuguese ‘fail safe’ bank! Do you really still trust them!  EnvirowatchRangitikei

By Bernard Hickey: interest.co.nz

Bernard Hickey says the quiet removal of the guarantee for Kiwibank savers should remind all savers about the lack of a deposit guarantee and prompt regulators and the industry to run a public education campaign about NZ”s lack of a deposit guarantee.

Did you know that your money in a term deposit in a bank is not guaranteed by the Government?

piggy-bank-967181_1280Those in the know are aware that there is no Government guarantee, but it turns out most regular people, and certainly most term depositors, either still think there’s a guarantee, or think there’s always has been one.

New Zealand briefly had a government guarantee for retail bank deposits from October 2008 to December 2011. It was introduced at the worst point in the Global Financial Crisis to stop a run of deposits across the Tasman to the banks’ parents in Australia, where the Kevin Rudd Government offered a guarantee for depositors there.

It was quietly dropped once global markets had settled down and was replaced by a system called ‘Open Bank Resolution’. This means there is no Government guarantee and if a bank was to fail, the Reserve Bank would shut it down and manage a capital restructure overnight so that it could re-open the next day. One way a bank’s capital could be restructured by the Reserve Bank is through a ‘hair-cut’ for depositors. Essentially, the Reserve Bank would slice a certain percentage – say 10% – off the value of term deposits to allow the bank to re-open with enough capital to survive.

READ MORE:

http://www.interest.co.nz/opinion/80951/bernard-hickey-says-quiet-removal-guarantee-kiwibank-savers-should-remind-all-savers