Items filtered by date: February 2016 - National Press Club Inc.

Empire Loyalist Winston Peters MP
is Echoed in Fleet Street

 

New Zealand First Leader Calls for
Resumption of London-Led Trading Bloc.

MSCNewsWire-EIN-National Press Club Service, NAPIER, 28 February 2016 - London’s Daily Express has given full coverage to the call by Winston Peters MP (pictured) to restore the once dominant Commonwealth trading bloc.

Reported the newspaper: “Winston Peters, who leads a group of MPs in the New Zealand parliament, has urged the UK to view the possibility of exiting the EU later this year as a chance to strengthen ties with those 53 countries that were previously part of the British Empire.”

The Daily Express along with the other middle class British mass-circulation newspaper the Daily Mail is implacably against Britain’s continuing membership of the EU. Both the newspapers have long campaigned for the British exit.

Under its signature proprietor Lord Beaverbrook, the Daily Express maintained a crusade against Britain abandoning the Empire in favour of a European trading bloc alliance.

Reported the Daily Express: “New Zealand’s ex-deputy prime minister told British politicians to use ‘Brexit’ as a way of making amends for ditching Commonwealth countries in favour of joining the European Economic Community (EEC) in 1973.

The newspaper quoted Mr Peters as saying that Brexit " is an opportunity for not just New Zealand businesses, products and people.

“It is an excellent opportunity to heal a rift dating back to 1973."

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EU Will End This Year

Declares German Head of Oceania Think Tank

Bungling of immigrant emergency

punctures German mystique

and leaves EU rudderless

 

MSCNewsWire-EIN-National Press Club Service, NAPIER, 18 February 2016 -  The European Union during 2016 will cease to exist “as we know it” predicts Oliver Hartwich, the head of the New Zealand Initiative policy group.

The immigrant crisis was one too many emergencies for the EU which he portrays as staggering from one crisis to the next. Among these were member countries with covenant-breaking debt to GDP ratios, the Brexit, and the rise of radical politics in the form of populism and nationalism.

Germany meanwhile was reeling from its handling of the immigrant crisis, which now saw the once EU powerhouse “isolated.”

In addition, the officially-driven cover-up of the Cologne refugee assimilation consequences episode had even raised questions internationally about the nature of German society’s commitment to open government and a free press.

Dr Hartwich speaking at a seminar at the headquarters in Wellington of the New Zealand Initiative sheeted the pending demise of the EU “project” to the decision by its leadership after the fall of the Berlin Wall to embark upon an expansionist phase.

This took two perilous forms, he noted, the currency union and the quest for new members. History proved that instead there should have followed a period of “consolidation.”

The revolving door subsequent crises Dr Hartwich identified as “weakening the structure,” of the EU to the point at which it could only focus on its “own survival.”

The New Zealand Initiative sprang from a number of independent enterprise policy groups, notably the Business Roundtable.

Dr Hartwich,a German-trained lawyer and economist was appointed executive director at its inception, following a tour with Sydney’s Centre for Independent Studies, and as chief economist at London’s Policy Exchange.

He noted that the focus by the EU on member financial bail-outs, was obscuring the rise of radical politics in members such as Poland, Slovakia, and Hungary.

The realpolitik exposition on the EU and its future conducted by Dr Hartwich was consistent with the enterprise group’s focus on cutting through doctrines and ideologies in order to outline events at home and abroad.

The event was attended by a number of National Press Club representatives including Life Member Sir Christopher Harris, pictured (at right) with Dr Hartwich.

In response to a question from a National Press Club representative about the involvement and culpability of the United States in the current series pf EU alarms, Dr Hartwich commented that the US simply saw the EU from its start as a bulwark against Russia, and its policies were centred exclusively around this view.

 

 

 

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Ageing and Entitled Hub Workers Paved Way

for Pagemasters to Return to New Zealand

Axing gives Fairfax Accountants tighter grip on revenue/costs

MSCNewsWire-EIN-National Press Club Service, NAPIER, 17 February 2016 - New Zealand’s on-off-on relationship with Pagemasters is now full circle with Fairfax taking up the slack at the Australian makeup outfit left by the departure of NZME. The old Wilson & Horton chain fired the Australian makeup outfit bringing its production subbing in house again. 

A year later Fairfax is filling the gap left by NZME and in doing so brings to an end the era of the Fairfax Hub, a centralised subbing depot here which did the page work for the chain’s papers in New Zealand and Australia.

Fairfax’s decision to fill the vacuum left by NZME was no surprise. In recent times veteran subs had suspected that in addition to their page layout software, that their bosses had fitted time and motion monitor apps on their terminals in order to assess the productivity of their often ageing staffers.

Fairfax was worried too about its eventual and accumulating retirement commitments to hub staff compared to its liabilities attendant upon its much younger general editorial staff.

Employment liabilities are an endless worry for all newspaper chains as they contemplate their digital first futures, as they describe the strategy.

Demonstrating this concern is the strong indication that Fairfax will pay Pagemasters on a piecework or productivity basis.  This gives Fairfax accountants a much tighter grip on costs in relation to revenue. The outsourcing eliminates the unknowns attendant upon things such as sick leave, holiday pay, and service entitlements.

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UK High Commissioner

Jonathan Sinclair

Spearheads HMG Trade Restoration Drive

EU Legation and

British New Zealand Business Association also in harness

MSCNewsWire-EIN-National Press Club Service, NAPIER, 14 February 2016 - Britain’s diplomatic and commercial apparatus has gone onto the front foot in re-aligning New Zealand and its trade to resuming a UK focus. In this campaign it has enlisted the support of its historic auxiliary the Auckland-based British New Zealand Business Association founded 99 years ago.  Also on-side is the EU legation in Wellington.

British High Commissioner Jonathan Sinclair states that the UK remains New Zealand's largest trading partner in the EU.

The UK he insists is the biggest booster of the mooted NZ/EU Free Trade Agreement.

The active engagement now of the High Commission in the trade re-positioning drive indicates a direct and high level involvement in Whitehall in re-developing and reinforcing UK/NZ mercantile threads.

It is a welcome development for a New Zealand government ardently pushing for the EU free trade agreement, reflected by a corresponding enthusiasm radiating from the EU legation to New Zealand.After Australia, Mr Sinclair reminds audiences, the UK has the largest stock of investment in New Zealand at $55bn– “far in excess of the United States” which is third with $33bn.

Adds Mr Sinclair (pictured above, at right, with BNZBA patron John Collinge.) “Our domestic policy exchange between our governments is unrivalled.”

Mr Sinclair meanwhile is to carry the trade restoration campaign to Auckland, the nation's merchant city, with speaking engagements under the auspices of the British New Zealand Business Association.

In trade, especially in the longer global cycles, what goes around comes around. 

 

 

 

 

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New York State Power to Allocate

US Dollar Licences

Was Unseen, Unspoken Dominant Presence at TPPA Signing.
Dollar Control of Trade Underpins Pacific Pact

MSCNewsWire-EIN-National Press Club Service, NAPIER, 9 February 2016 - Like a skillful ringmaster the United States kept its whip carefully hidden under the robes and other theatrical panoply of the Auckland TPPA signing. Nobody was talking, or for the most part even knew of the real hard power behind the agreement.

This is the 80 percent of world trade conducted in the USD, and the United States’ ability to decree who can and who cannot trade in it.

Dollar allocation rights stem not so much from Washington, which is why United States Presidents can claim that the USD licenses are out of their hands. They are centred in the State of New York.

This was the elephant in the room during the TPPA signing, writes the Chartered Accountants Journal long time banking columnist Peter Isaac who was on hand in Auckland.

While activists hollered in the streets outside about loss of sovereignty and those inside proclaimed their devotion to trade liberalisation only a very few understood what had brought them there.

It was the whip in the form of the United States control of the currency conduit of world trade, and the allocation of the rights to use it.

A contemplation of the plight of France, in the view of most of the French, a world power, tends to dispel any doubts about this reality of global business.

The USD9 billion fine levied on BNP Paribas for doing business with several countries which were then the subject of a United States trade embargo was one such factor.

Another was the threat on the French bank of a ban from processing US dollar payments through New York.

If there were still any more remaining reservations, well, look at France now. Awash in unsold milk and other farm products, France must slavishly adhere to the US-imposed embargo preventing the sale of the surplus to the one country that wants it – Russia.

The Atlantic lesson, if not the mechanics of it, served as the unseen writing on the Auckland wall for the Pacific pact delegations, even if was obscured in the mists of time.

The American founding fathers in seeking at one and the same time a federalist and localised balance in America’s banking structure had allocated the power to grant or revoke USD dollar licences to officials in New York State. Where it remains.

 

 

 

 

 

 

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