edward miller
@labourcartel.bsky.social
Researcher at @cictar.bsky.social.
Sometimes tracking corporate power at https://labourcartel.substack.com/
For the many, not the few.
Sometimes tracking corporate power at https://labourcartel.substack.com/
For the many, not the few.
Great to hear Corin Dann putting my dividends vs investment data in front of Meridian CEO Mike Roan who confirms they have faced no access to capital issues in the last decade. Here is the updated 2025 data - $14b in gentailer dividends since privatisation, $6b in investment.
October 1, 2025 at 6:29 PM
Great to hear Corin Dann putting my dividends vs investment data in front of Meridian CEO Mike Roan who confirms they have faced no access to capital issues in the last decade. Here is the updated 2025 data - $14b in gentailer dividends since privatisation, $6b in investment.
Govt takes a billion in revenue each year in dividends and tax from the electricity sector. This is a regressive form of taxation that causes factories to collapse. Why cant we just tax capital gains like a grown up country
October 1, 2025 at 5:08 AM
Govt takes a billion in revenue each year in dividends and tax from the electricity sector. This is a regressive form of taxation that causes factories to collapse. Why cant we just tax capital gains like a grown up country
Hooton backing in his old workmate's industrial-scale pay equity wealth transfer. A $17 billion saving would have more than funded last year's $14 billion tax relief programme, which disproportionately benefited the rich. Seymour said this "saved" the budget. www.nzherald.co.nz/business/eco...
May 8, 2025 at 10:13 PM
Hooton backing in his old workmate's industrial-scale pay equity wealth transfer. A $17 billion saving would have more than funded last year's $14 billion tax relief programme, which disproportionately benefited the rich. Seymour said this "saved" the budget. www.nzherald.co.nz/business/eco...
13 seconds faster per km on the Parihaka hill track (up Goetzee track and down Dobbie track)!!!
March 28, 2025 at 5:59 AM
13 seconds faster per km on the Parihaka hill track (up Goetzee track and down Dobbie track)!!!
When we accused gentailers of excessive dividends and underinvestment in 2022, Mike Fuge retorted. Now it’s 2025 and Fuge says underinvestment is causing price increases…
February 26, 2025 at 7:27 AM
When we accused gentailers of excessive dividends and underinvestment in 2022, Mike Fuge retorted. Now it’s 2025 and Fuge says underinvestment is causing price increases…
Are crappy school lunches funding your retirement income?
February 20, 2025 at 10:39 PM
Are crappy school lunches funding your retirement income?
Repealing the offshore ban was the main plank of the govt's energy security agenda. With a dry winter around the corner Why has progress stalled? Is disagreement emerging amongst the coalition parties?
labourcartel.substack.com/p/why-hasnt-...
labourcartel.substack.com/p/why-hasnt-...
February 20, 2025 at 6:22 AM
Repealing the offshore ban was the main plank of the govt's energy security agenda. With a dry winter around the corner Why has progress stalled? Is disagreement emerging amongst the coalition parties?
labourcartel.substack.com/p/why-hasnt-...
labourcartel.substack.com/p/why-hasnt-...
Great to see @barbedmonds.bsky.social considering the #generatingscarcity recommendation of Govt using its majority gentailer shareholdings to require investment in new renewable capacity. Under-investment has been disastrous for our economy. www.nzherald.co.nz/nz/politics/...
February 20, 2025 at 12:47 AM
Great to see @barbedmonds.bsky.social considering the #generatingscarcity recommendation of Govt using its majority gentailer shareholdings to require investment in new renewable capacity. Under-investment has been disastrous for our economy. www.nzherald.co.nz/nz/politics/...
From 2019 to 2023 alone industrial electricity consumption declined 12.4 percent. In the decade to December 2023 per capita electricity consumption declined 23 percent. Compare this to per capital residential consumption which has been basically flat since 2016. This is deindustrialisation.
February 17, 2025 at 2:47 AM
From 2019 to 2023 alone industrial electricity consumption declined 12.4 percent. In the decade to December 2023 per capita electricity consumption declined 23 percent. Compare this to per capital residential consumption which has been basically flat since 2016. This is deindustrialisation.
Why are critical infrastructure operators like the Wellington Lines Company and Enviro Waste (our second largest waste company) owned through tax havens like the Bahamas, British Virgin Islands and Cayman Islands?
newsroom.co.nz/2025/02/14/f...
newsroom.co.nz/2025/02/14/f...
February 13, 2025 at 9:17 PM
Why are critical infrastructure operators like the Wellington Lines Company and Enviro Waste (our second largest waste company) owned through tax havens like the Bahamas, British Virgin Islands and Cayman Islands?
newsroom.co.nz/2025/02/14/f...
newsroom.co.nz/2025/02/14/f...
Average NZ wholesale electricity price for the first 11 days of February are already substantially higher than recent years. Despite scorching temperatures around much of the country, the 2025 dry winter lurks just around the corner.
February 12, 2025 at 8:33 PM
Average NZ wholesale electricity price for the first 11 days of February are already substantially higher than recent years. Despite scorching temperatures around much of the country, the 2025 dry winter lurks just around the corner.
At current levels of borrowing, the Govt's interest costs are largely covered by its interest income from the vast stock of financial assets it owns (89 percent in Sept 2024 quarter). There is a lot of fiscal space here.
February 10, 2025 at 9:07 PM
At current levels of borrowing, the Govt's interest costs are largely covered by its interest income from the vast stock of financial assets it owns (89 percent in Sept 2024 quarter). There is a lot of fiscal space here.
The bounty at this time of the year is just insane.
February 9, 2025 at 7:48 AM
The bounty at this time of the year is just insane.
Just days after hammering the "woke" banks, a coterie of bank execs attended Shane Jones' Gatsby-themed party. Gatsby's set in the roaring 20s, a period which saw widespread bank collapses, followed by the 1929 Wall Street Crash and the Great Depression.
www.nzherald.co.nz/business/med...
www.nzherald.co.nz/business/med...
February 6, 2025 at 9:44 PM
Just days after hammering the "woke" banks, a coterie of bank execs attended Shane Jones' Gatsby-themed party. Gatsby's set in the roaring 20s, a period which saw widespread bank collapses, followed by the 1929 Wall Street Crash and the Great Depression.
www.nzherald.co.nz/business/med...
www.nzherald.co.nz/business/med...
The NZ unions page shows three unions but there are only appear to be two on the union register, the nurses and the teachers. Nurses FY23 filings shows 205 members. The teachers filings show just 15 members.
February 5, 2025 at 12:32 AM
The NZ unions page shows three unions but there are only appear to be two on the union register, the nurses and the teachers. Nurses FY23 filings shows 205 members. The teachers filings show just 15 members.
The Free Speech Union's FY24 annual report claims 100,000 "supporters", but they reported membership of 950 to the register in 2023. However FY23 returns show subs of $40k, which at $200 an annual sub suggests ~200 paying members. $844k in donations tho!
February 5, 2025 at 12:32 AM
The Free Speech Union's FY24 annual report claims 100,000 "supporters", but they reported membership of 950 to the register in 2023. However FY23 returns show subs of $40k, which at $200 an annual sub suggests ~200 paying members. $844k in donations tho!
Minister Van Velden says she prefers to meet with workers directly, rarely making time to meet with the
@NZ_CTU, which represents 360,000 workers across the country. How many workers do they FSU and Red Unions represent? newsroom.co.nz/2025/02/04/v...
@NZ_CTU, which represents 360,000 workers across the country. How many workers do they FSU and Red Unions represent? newsroom.co.nz/2025/02/04/v...
February 5, 2025 at 12:32 AM
Minister Van Velden says she prefers to meet with workers directly, rarely making time to meet with the
@NZ_CTU, which represents 360,000 workers across the country. How many workers do they FSU and Red Unions represent? newsroom.co.nz/2025/02/04/v...
@NZ_CTU, which represents 360,000 workers across the country. How many workers do they FSU and Red Unions represent? newsroom.co.nz/2025/02/04/v...
We've cut the corporate tax rate twice since 2000 - from 33% to 30% in 2007 and from 30% to 28% in 2010. While FDI has grown in an absolute sense, FDI as a proportion of GDP has continued to decline. "This time will be different" is a fantasy.
February 4, 2025 at 8:25 PM
We've cut the corporate tax rate twice since 2000 - from 33% to 30% in 2007 and from 30% to 28% in 2010. While FDI has grown in an absolute sense, FDI as a proportion of GDP has continued to decline. "This time will be different" is a fantasy.
Impt quals for a tribunal member.
January 17, 2025 at 8:43 AM
Impt quals for a tribunal member.
A little bit longer (more uphill running) and a little bit faster on my forest loop run today.
January 14, 2025 at 11:46 PM
A little bit longer (more uphill running) and a little bit faster on my forest loop run today.
Would you please give it up for savage
December 21, 2024 at 7:21 PM
Would you please give it up for savage
17/17 The Minister has tools to bring Methanex to the negotiating table and prevent gas price trading driving our energy costs up the wall. If we want to sustain manufacturing in this country, we *need* to sort out electricity pricing. -ENDS
December 16, 2024 at 2:07 AM
17/17 The Minister has tools to bring Methanex to the negotiating table and prevent gas price trading driving our energy costs up the wall. If we want to sustain manufacturing in this country, we *need* to sort out electricity pricing. -ENDS
15/17 Still, govt progressed the law at lightning speed, cynically capitalising on workers' redundancies. Introduced late Sept, written subs due 1 Oct, orals beginning later that week. They rushed it so hard they botched the drafting, delaying implementation until next year.
December 16, 2024 at 2:07 AM
15/17 Still, govt progressed the law at lightning speed, cynically capitalising on workers' redundancies. Introduced late Sept, written subs due 1 Oct, orals beginning later that week. They rushed it so hard they botched the drafting, delaying implementation until next year.
14/17 What's being done about it? The main plank of this govt's energy security plan has been reversing the 2018 offshore drilling ban. MBIE thinks it's unlikely "new field supply is discovered and developed ... before 2035", which is quite some time...
December 16, 2024 at 2:07 AM
14/17 What's being done about it? The main plank of this govt's energy security plan has been reversing the 2018 offshore drilling ban. MBIE thinks it's unlikely "new field supply is discovered and developed ... before 2035", which is quite some time...