Tuesday, 09 February 2016 12:54

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.

 

 

 

 

 

 

Wednesday, 17 February 2016 09:53

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.

Monday, 15 February 2016 14:27

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. 

 

 

 

 

Sunday, 24 January 2016 19:27

Flawed and Cringing New Zealand Foreign Policy Closes World’s Biggest Nation Russia to Vital NZ Exports Claims Napier Engineering Chief
Craven fawning United States orientated policy conflicts with frivolous and irresponsible populist stance to wreck trade

MSCNewsWire-EIN-National Press Club Service:  New Zealand manufacturers in the food and food processing equipment sector in shutting the door on exports to Russia will find themselves also shutting themselves out of an immense and reliable growth market counsels the managing director of Napier Engineering & Contracting.

The company turnkey constructed a string of freezing works in Russia with all the expertise and processing equipment hardware shipped out of the Port of Napier.

The experience was both profitable for Napier Engineering and salutary. “Our staff who lived in Russia for months a time were superbly treated. In most contracts of the scope and size of this one there are major problems. But in the Russian project no problem arose that could not be solved on the spot,” recalled Ken Evans (pictured).

Mr Evans warned exporters that the US – invoked embargo that prevented EU members from selling to the Russians meant in practice that the Russians were jump-starting their own food and food processing machinery resources.

Mr Evans said that the Russians were not unaware of the inconsistency inherent in New Zealand banning US Navy vessels warships on the one hand.

Then “grovelling in meek obeisance” on the other in falling into line with a US embargo on Russia to which it was not even party to.

An export economy such as New Zealand’s simply could not eliminate the world’s biggest country, which also happened to be a growth one and an emerging one, insisted Mr Evans.

The falling into line of the EU with the United States embargo on Russia was substantially responsible for the world milk surplus.
Milk and other agri products that would have been sent to Russia continue to back up into an unmanageable world surplus, noted Mr Evans.

The severity of the problem locally was being demonstrated by farmers in regions such as Taranaki being urged to “diversify,” he said, and do so regardless of their investment in processing and handling equipment.

Mr Evans urged the government to propound a sensible and statesmanlike trade policy with the United States “at least midway between the cringing and damaging humiliation of participating unofficially in their boycott of Russia and that of the equally silly and dangerous embargo on their warships here.”

According to Mr Evans the conflicting policies in regard to the United States , the “craven” one on the export ban to Russia, and the “frivolously damaging” one of the warships ban here had the effect of “putting New Zealand and its exporters into a dim light” around the world.

 

"  The severity of the problem locally was being demonstrated by farmers in regions such as Taranaki being urged to “diversify,” he said, and do so regardless of their investment in processing and handling equipment.

 

Monday, 04 January 2016 12:11

Modern Marco Polo

MSC Newswire –Napier. International financier and two-time National Press Club guest speaker Marc Holtzman has become the Chairman of Bank of Kigali, the largest Bank in Rwanda.

Mr Holtzman (pictured) spoke to the National Press Club at two joint gatherings, both of them with the British New Zealand Trade Council,( now Business Association.) One in Christchurch and the other meeting held in Parliament.

At the time Mr. Holtzman was President of the University of Denver. Previously, Mr. Holtzman served in the Cabinet of Governor Bill Owens as Colorado’s first Secretary of Technology.

As technology tsar Mr. Holtzman helped guide Colorado’s economic transformation into a fully diversified technology hub. During his tenure, Colorado was consistently ranked first among the fifty states in having the highest percentage of technology workers per thousand in the nation.

In recent times, and seeking to further apply his experience in fostering hard-edge vocationally orientated education Mr Holtzman has put his shoulder to the wheel of the New Zealand charter school movement.

He has maintained for many years in New Zealand’s Gibbston Valley, near Arrowtown, a substantial home in the form of a retro French chateau amidst its own substantial vineyard.

It was here several years ago that Mr Holtzman celebrated his 50th birthday. Celebrants included a roll call of statesmen hailing from his preferred spheres of business notably from Eastern Europe and sub-Sahelian Africa. New Zealand minister of finance Bill English was also there.

From Kazakhstan to Kigali few over the past quarter century have trod the emergent-nation beat quite so assiduously as Marc Holtzman. Even fewer have had the same operational fiscal-to-factory floor level of economic participation.

A modern Marco Polo, nobody brings to contemporary education policy formulation and implementation quite the same applied knowledge of the connection between funding, schools, and jobs as Marc Holtzman.

Tuesday, 12 January 2016 10:20

Green Parrot Discovered
in Club Memorabilia
Now Linked to The
Green Parrot Restaurant

The Green Parrot founded 90 years ago is renowned as the most enduring and famous restaurant in the South Seas. In a bizarre twist of events the National Press Club appears to be holding the original green parrot jug from which the Wellington institution derived its name.

The jug (pictured) was given in the early 1970s to a group of journalists in order that it might adorn the premises of a press club that was then under consideration. In the event the jug disappeared from sight. It has only just recently re-surfaced during the cataloguing of National Press Club memorabilia.

The circumstances of how the jug came into the possession of the club are noteworthy.

It was donated by Tony Poynton. He was a prominent commodities trader during the 1950s. This was sometime before the Green Parrot restaurant was taken up by society patrons such as those nowadays in the sphere of arts, entertainment and politics. In this 1950s era it was the eating place for those in hard edge sectors especially those in metals and vehicle trading. Mr Poynton was involved in both.

A commanding presence, Mr Poynton had seemingly intervened to calm down a threatened disturbance involving diners from two rival and competing camps of scrap metal exporters.
Grateful for such timely and effective intervention the proprietor of that era spontaneously swept the green parrot jug off its shelf and presented it to Mr Poynton (pictured below.)

Of a restless and inquiring nature Mr Poynton with the advent of the 1970s took up a new profession. It was that of newspaperman. First in the advertising department of Truth and then he went on to pioneer Contact, the Wellington region mass-distribution weekly.

Rubbing shoulders now with journalists, Mr Poynton with his managerial experience and skills saw the need for a unifying organisation with its own premises. Here, he reasoned, the considerable expenditure on conviviality in those more gregarious days could be re-invested back into the vocation instead of into the brewery balance sheets.

Mr Poynton’s death was to coincide with the founding of the National Press Club and thus he was never able to follow through on this objective. At the same time, and also from cancer, there occurred the death of his close friend the broadcasting journalist David Inglis which further diminished recollections from this time.

The jug though remained. It is stamped on its base as Made in Japan. Green parrot pitchers, as they were known, were a staple of the Japanese ceramics industry during the 1920s.

The Green Parrot restaurant was begun and named by an America sailor paid off in Wellington and who went on in 1926 to found the restaurant. The conjecture is that the pitcher was acquired by the seafaring founder in Japan and went on to have pride of place in the eponymous restaurant.

Sunday, 11 October 2015 10:31

Clare Hollingworth

Announced Start of World War 2 



Clare Hollingworth the reporter who announced the start of World War 2 has celebrated her 104th birthday. The war correspondent was brought to New Zealand in 1993 by the National Press Club to speak on the topic of continuing global conflicts.

She discovered in 1939 on the border of Germany and Poland on the German side an immense and camouflaged build up of armour being readied for the subsequent invasion that detonated World War 2. Her telephoned report of this observation to Fleet Street is considered the greatest scoop of the last century.

Her book on her reporting during World War 2 is entitled “There’s A German Right Behind Me.”

She went on to report every war up to and including the Vietnam War. A resident in her later years of Hong Kong, the Foreign Correspondents Club, of which she has long been a stalwart, convened a special commemoration to mark the birthday of its most famous member.

Pictured is Clare Hollingworth in London prior to World War 2, and in Wellington with National Press Club president Peter Isaac. Her appearance in Wellington was the National Press Club’s contribution to the International Year of Women’s Suffrage in 1993. 

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