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Archive for the ‘Business’ Category

Solid Energy is again taking steps to influtrate the “protest” groups that are trying to disrupt their legal business.
I/S over at No Right Turn believes that this contravenes their requirement of “social responsibility“.
Hm, so tax cuts that might help people are seen as a threat to goverment revenue.
But a threat to government revenue in the [...]

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Well well well. It turns out that those who use the law to shut out competition have trouble complying themselves.
A new coffee caravan at Piha Beach has been shut down by the Waitakere City Council because it has no food licence and may need a resource consent.
It was launched at the weekend by camping ground [...]

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Resource Managment - Yea Right

Imagine this.
You’re trying to open a business.
You’ve spent a 6 figure sum on building up a proposal for a cafe that will benefit the community. But there are objectors. There’s even a group setup to oppose you. One of the foundation members states in their submission:
“a cafe would make Piha less unique, less restful, and [...]

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If a company agrees to increase the pay of the workers, it has to fork out. If you can’t pay an increase, you just don’t agree to it in the first place.
It’s unimaginable that Spotless is now backing out of a signed agreement. I’ve never heard of such a thing before, it’s an incredible act [...]

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Don’t Work at Bunnings

NRT has a post entitled “Don’t shop at Bunnings“.
Apparently, I should show my disapproval by not shopping there.
I love his reasoning.
 In Australia, it pays well above the minimum wage - NZ$18.44 / hour, which will increase to NZ$19/hour in July (the Australian minimum wage is A$13.74 or NZ$15.80 / hour). The reason for this difference? [...]

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I always gape in wonder every time the left open their mouths of monopolies. Here they praise the ability of the open market to provide choice.
Today and tomorrow many thousands of New Zealanders will be visiting their local farmers markets around the country, neatly skirting around New Zealand’s supermarket duopoly, and trading directly with [...]

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It’s amazing to me just how many people don’t understand simple facts about life - like foreign roaming costs.
Upper Hutt mum Natalie Reid is warning parents to be careful about guaranteeing the payment of their children’s mobile phone bills without making sure they know the costs involved, after she was billed $2296 for text messages [...]

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Gutherie Bowron must be closing down. Well, if they weren’t before, they are now (and before they do, they need to kick the idiot who approved this very, very hard).
In case you haven’t noticed, there’s no date expiry on this add. That means that anyone with a copy of this add can walk into the [...]

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PM up in arms over… ???

The Prime Minister is targeting wastage of taxpayers money.
The Independent obtained Paris hotel records that it said showed up to 39 people in the official tour party.
“They can’t be all physiotherapists, can they?” Clark said.
The trip had cost taxpayers, she said.
“Clearly, if it was sponsored by Air New Zealand, that is in effect free seats [...]

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Government Messing in Business

Looking at the business pages, I realised just now that all three top stories are to do with companies the government has screwed with, most quite recent.

Auckland Airport - the government put the skids on the buyout deal.
Telecom - Gattung left because the government suddenly decided to unbundled the local loop, knocking billions off the [...]

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I was listening to National Radio’s midday news. They mentioned another finance company went down, but it was the third item on the news. That would be 9.
Getting a bit common now eh!
There were about 15 listed on the NZX when they asked for updates the other day, 3 have gone down since then. I [...]

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Wal Mart

I recommend you see if you can get your hands on Sam Walton’s book, “Made In America”, about building Wal Mart. It’s a great read, and debunks a lot of myths about Wal Mart.
It’s a pity Sam isn’t alive today, because the guys running the show are making some really stupid mistakes that he would [...]

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Join the Dots

The “Subprime” sector in mortgages is very small. So how has it bought the world’s financial markets to the brink?
In a word, Derivatives.
Here’s what the BBC reported in 2003:
The rapidly growing trade in derivatives poses a “mega-catastrophic risk” for the economy and most shares are still “too expensive”, legendary investor Warren Buffett has warned.
The world’s [...]

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Not.
You’d have to be thick to have bought shares in the Burger Fuel IPO.
Let’s see…

Massive, and very expensive advertising. I mean, who advertises an IPO on TV? The Herald estimates this cost $600,000. The best companies don’t need advertising at all - people fight over themselves to buy shares.
The company was vastly over valued. [...]

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Well, he didn’t quite put it like that, but there’s certainly an admission that the Labour party has been running the economy to the point of overheating.
The economy is continuing to grow unsustainably fast, Finance Minister Michael Cullen warned today.
“Growing demand and growing incomes have contributed to persistent inflation, high interest rates and an over-valued [...]

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Longer Term Thinking…

Heh.
The Herald has a piece on a supermarket that has taken 20 years to build, and it’s still running into trouble.
Latest is the discovery of contaminants from a dry-cleaning operation.
And they say capitalists never think for the long term!

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Interesting post on working for Google, from someone who purports to know what Microsoft was like at the same stage. You may be surprised to read it’s not all better.
Google doesn’t seem to think that private offices are valuable for technical staff. They’re wrong.
And…

Google actually pays less salary than Microsoft.
Google’s health insurance [...]

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Some reporter the other day talked about a “smartypants” minister.
Tonight on TV3 News, some girl fresh out of journalist school blames supermarkets for creating plastic bag litter. Nice, but stock to the facts.
The people who create the mess, are those that don’t dispose of them responsibly.
Also, nice touch getting the union to claim checkout workers [...]

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