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Larry's Memo: September 20

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By: Larry Williams | Thursday, September 20, 2012 5:49 PM

It seems that the protestors in Christchurch want to be left alone to get on with re-building the city.

You name it there's an anti-lobby protesting it.

Clearly, the Government, CERA, the council and any other body who are trying to do their best in tough times and conditions are going nowhere in a hurry in Christchurch. The authorities have simply got it all wrong. They can't buy a trick. They are getting hammered from every which way.

The protestors demand this that and the other thing and the number of groups protesting this that and the other thing increases by the day.

My instinct is to cut them adrift and let them get on with it and whatever they come up with they live with. These protestors seem to have all the answers, they really do.

The problem is it is the taxpayers of this country who are funding the rebuild to the tune of billions. It’s reasonable then for the Government to play a role in this.

There looks to be a political undercurrent running here.

One school has been teaching 'protesting' as part of the curriculum. You might have seen them on television last night, just a depressing disgraceful thing for any school to do. It’s a new low for education. No doubt supported ably by the NZEI.

 

Kim Dotcom

 

The media are making themselves look like complete dicks with their love affair with Dotcom.

Now look, I don't care if he wins his extradition case or not, but it amuses me that the media and indeed a good number of the gullible public treat this German with criminal convictions as some sort of rock star.

The way he had the media chasing him around at Parliament was pathetic.

I have stated from the get go that he should never have been given residency and in actual fact his residency should be revoked.

But Dotcom made an interesting statement yesterday on the back of the Banks fiasco. This has been picked up by a very smart lawyer based in Hong Kong called Kathy Odgers. Dotcom said "It was actually the idea of my lawyers to try and reach out to John Banks". That is what he said yesterday.  However in his sworn statement to police the lawyer said "Mr Dotcom asked me if I would contact John Banks on his behalf".

You be the judge.

 

Stock Market Parasites

 

There another company making low ball offers to vulnerable share market investors.

This time it an outfit called Stock and Share trading Company. They are Australian based. It is owned by a John Armour and represented in this country by a Andrew Kennedy of Auckland law firm Prudentia Law.

Stock and Share are writing to Vector shareholders offering them $1 a share. Vectors shares are around $2.85. Spot the difference.

Vector will now have to write to every shareholder to advise them that this stock and share trading company is out there in the market place and not to sell their shares. This all comes at a cost.

Stock and Share are doing nothing illegal but certainly it is unethical. It is morally repugnant.

The fact that there is no law to stop this kind of predatory activity is just not on and needs to be dealt with ASAP.

The Government needs to get their act together on this.

 

The Dollar

 

The claims by David Parker, David Cunliffe of Labour and Winston Peters of NZ First that the dollar can be manipulated downwards by changing the monetary policy settings is now all but over.

It turns out that Parker is non-committal and wants to leave it over the Reserve Bank.

Dr Bollard says "a lot of the drivers of the exchange rate pressure are actually international events, with huge flows as a result of quantitative easing, exchange rate policies of other large countries and many of the 'risk on' drivers around the Eurozone," "If those are the drivers, there is not much New Zealand can do to influence things".

End of story then.

Photo: NZ Herald

What do you think? Have your say: 

 

 

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