I find NACT1's logic absolutely bizarre and I find the NZ press's response even more so.
A reasonable debt to asset ratio for a privately owned developer, building houses (not commercial) is between 0.4 and 0.6. With 0.6 being considered 'slightly' more on the risky side (I wouldn't be sleeping at night at 0.6!).
This was a quick google search, plus 5 mins for validation. Why the heck can't our main stream journalists do a quick google search? And they wonder why no-one has any faith in journalism in NZ.
This should have been called out, and the public should know this stuff. Meanwhile, most of NZ is blindly moving along believing most of what NACT1 says because NO-ONE will point out the obvious to these politicians.
The only good media now is Newsroom but most won't read them as they are too in depth. RNZ is reasonable. Newshub would try, which is why they are dead.
I think this Govt knows how to control narratives. They will control info, announce something, most of the media will parrot it as they rush to deliver headlines, and by the time the "real" info comes out - if it ever does - most of the public will only remember the Govt's one liners.
That's why they always say something memorable e.g. Kiwirail was a terrible cost "blowout". Kiwirail tried to buy Ferraris when we only need Toyotas. These things give blatanly untrue impressions - but indeed, it's actually their whole strategy.
That’s why I think the opposition needs to have smart one liners to counter the Govt’s narratives, one liners that lead and contest the Govt’s narratives. Often the opposition will give good in-depth comment but a lot of people I think don’t absorb that so the opposition has to paraphrase its comments so messages can be hit home to the public!
Brilliant synopsis of the unfolding of the destruction of Kianga Ora - it’s an appalling tragedy when so much brilliant development was occurring to house thousands of New Zealanders cost effectively.
The debt to asset value as identified was outstandingly low. As Bernhard Hickey in other comments he’s made about Kianga Ora is that it’s only Kianga Ora that can provide scale to housing people in this Country - the private sector cannot.
The blatant corruption that Bishop has enabled should have been for any other minister in any other Govt to be a sackable offence!
He ran National’s successful election campaign. He would I think believe he is a better leader than Luxon. He supported ACT while at University- he is aligned to the Atlas Network! He’s on the same page as Seymour!
Bishop’s father helped set up Taxpayers Union, an organisation which accepts money from tobacco and Atlas so I hear you that the dots have connected for a long time.
What an asset you are to us MT! Today’s offering is stunningly mind blowingly shocking! I cannot understand why elected members of Parliament can be treating our country so shabbily and with such blatant disregard for the needs of the population. Talk about Robber Barons! What what we need is a modern day Robin Hood to start evening things out a bit!
I find NACT1's logic absolutely bizarre and I find the NZ press's response even more so.
A reasonable debt to asset ratio for a privately owned developer, building houses (not commercial) is between 0.4 and 0.6. With 0.6 being considered 'slightly' more on the risky side (I wouldn't be sleeping at night at 0.6!).
This was a quick google search, plus 5 mins for validation. Why the heck can't our main stream journalists do a quick google search? And they wonder why no-one has any faith in journalism in NZ.
This should have been called out, and the public should know this stuff. Meanwhile, most of NZ is blindly moving along believing most of what NACT1 says because NO-ONE will point out the obvious to these politicians.
The only good media now is Newsroom but most won't read them as they are too in depth. RNZ is reasonable. Newshub would try, which is why they are dead.
I think this Govt knows how to control narratives. They will control info, announce something, most of the media will parrot it as they rush to deliver headlines, and by the time the "real" info comes out - if it ever does - most of the public will only remember the Govt's one liners.
That's why they always say something memorable e.g. Kiwirail was a terrible cost "blowout". Kiwirail tried to buy Ferraris when we only need Toyotas. These things give blatanly untrue impressions - but indeed, it's actually their whole strategy.
That’s why I think the opposition needs to have smart one liners to counter the Govt’s narratives, one liners that lead and contest the Govt’s narratives. Often the opposition will give good in-depth comment but a lot of people I think don’t absorb that so the opposition has to paraphrase its comments so messages can be hit home to the public!
Yes
Brilliant synopsis of the unfolding of the destruction of Kianga Ora - it’s an appalling tragedy when so much brilliant development was occurring to house thousands of New Zealanders cost effectively.
The debt to asset value as identified was outstandingly low. As Bernhard Hickey in other comments he’s made about Kianga Ora is that it’s only Kianga Ora that can provide scale to housing people in this Country - the private sector cannot.
The blatant corruption that Bishop has enabled should have been for any other minister in any other Govt to be a sackable offence!
He is vying for PM and I hope he doesn’t get it. He’s smooth talking but in my view he’s not ideal
He ran National’s successful election campaign. He would I think believe he is a better leader than Luxon. He supported ACT while at University- he is aligned to the Atlas Network! He’s on the same page as Seymour!
Bishop’s father helped set up Taxpayers Union, an organisation which accepts money from tobacco and Atlas so I hear you that the dots have connected for a long time.
What an asset you are to us MT! Today’s offering is stunningly mind blowingly shocking! I cannot understand why elected members of Parliament can be treating our country so shabbily and with such blatant disregard for the needs of the population. Talk about Robber Barons! What what we need is a modern day Robin Hood to start evening things out a bit!
Thanks Judith!