Crown accounts $14bn worse off

[mashman]

Hmmm .. Key reckons that private enterpsie does it better than the Govt sector? Then why have they just bailed out TV3 and several other broadcasting companies?

http://tvnz.co.nz/politics-news/help...ompany-4052038

only $387 million of debt... they're doing really well

[onearmedbandit]

Hmmm .. Key reckons that private enterpsie does it better than the Govt sector? Then why have they just bailed out TV3 and several other broadcasting companies?

http://tvnz.co.nz/politics-news/help...ompany-4052038

Fuck, if only we had something to blame it on eh. Something like...um....I don't know....maybe...yeah maybe a worldwide recession where advertising is one of the first areas where businesses start reducing expenditure....and then maybe as TV and Radio rely on advertising dollars then that would explain it. But nah I'm just being silly now.

[mashman]

Fuck, if only we had something to blame it on eh. Something like...um....I don't know....maybe...yeah maybe a worldwide recession where advertising is one of the first areas where businesses start reducing expenditure....and then maybe as TV and Radio rely on advertising dollars then that would explain it. But nah I'm just being silly now.

yeah, if in doubt, blame the recession ... i'm not saying it doesn't have knock on effects, but i'm in a recession and i don;t get any relief on my bills... fortunately I saved up for a rainy day... perhaps business should try that rainy day thing instead of syphoning the profits off for bonuses and exorbitant salaries? Recession my ass, plenty of businesses are making it through the tough times, and not all, not even close, are suckling at the govt tit.

I don't accept the recession as an excuse in this case

[The Stranger:Me]

yeah, if in doubt, blame the recession ... i'm not saying it doesn't have knock on effects, but i'm in a recession and i don;t get any relief on my bills... fortunately I saved up for a rainy day... perhaps business should try that rainy day thing instead of syphoning the profits off for bonuses and exorbitant salaries? Recession my ass, plenty of businesses are making it through the tough times, and not all, not even close, are suckling at the govt tit.

I don't accept the recession as an excuse in this case

I'm going to go out on a limb here. You've never run a business or managed a company then, with the possible exception of being a self employed contractor of sorts.

[mashman]

I'm going to go out on a limb here. You've never run a business or managed a company then, with the possible exception of being a self employed contractor of sorts.

Damn, you should be on TV with psychic powers like that . I know I'll regret this, but do you have a point? Is it that businesses don't save for rainy days because they can't afford it?

[The Stranger:Me]

Is it that businesses don't save for rainy days because they can't afford it?

Of course I have a point - not everything is black and white, yet you answer black and white and ask me a question that is so too.

Let me answer your question with a question. Were you a motorcycle dealer, how much would you have put away for a rainy day during the halcyon days?

Not that I'm a motorcycle dealer, but I would be happy to bet that (in general) they made SFA surplus to "put away". Were they making heaps (i.e.enough to put away), more would enter the market and under cut their margins to try and take their share of these big fat profits. What happened to motorcycle dealers when the recession hit? How many wealthy dealers do you see (that didn't start wealthy)?

In short, in answer to the question, there are those that can and those that did. But it's frequently not an option, particularly in industries where there is tight competition - or where say private enterprise is expected to compete with a government backed gorilla.

[mashman]

Of course I have a point - not everything is black and white, yet you answer black and white and ask me a question that is so too.

Let me answer your question with a question. Were you a motorcycle dealer, how much would you have put away for a rainy day during the halcyon days?

Not that I'm a motorcycle dealer, but I would be happy to bet that (in general) they made SFA surplus to "put away". Were they making heaps (i.e.enough to put away), more would enter the market and under cut their margins to try and take their share of these big fat profits. What happened to motorcycle dealers when the recession hit? How many wealthy dealers do you see (that didn't start wealthy)?

In short, in answer to the question, there are those that can and those that did. But it's frequently not an option, particularly in industries where there is tight competition - or where say private enterprise is expected to compete with a government backed gorilla.

That's fair enough. The black and white view is unfair, but so is having the money and not having the money. You do or you don't. Again, potentially not fair given "industrial" competition.

In answer to your question. As much as I didn't need to spend. If I was serious about keeping MY business afloat (this isn't an oh this is how it should be done, I am after all inexperienced ) for the future, then I would save as much as I didn't need to spend, initially. After that, I would calculate the potential amount required to keep my business afloat in a worst case scenario, that worst case scenario potentially being 6 months of no "high" profit item sales. IF i have a handle on my comings and goings, I would hopefully have enough information to generate future cost/expenditure prediction models and know where my worst case scenario tipover point was. Or something like that .

If you're still in business and breaking even, then i'd call that wealthy too (in a recession that is)

[Brian d marge]

Where do you start ...

Didn't I say they would do this under the disguise of the earthquake

The selling of the assets was going to happen either under a labour or national ( it really doesn't matter who you vote for , the one with the most social conscience)

Maori party ...hello?? aren't you for keeping Nz in NZ hands and the future of Maori ???...just a thought ,.....

I ll keep banging on about this till I am blue tin the face , we are being "advised " by the IMF . Simple.

Jk is just a compliant mouth piece

A multi-national , will come in , strip the assets then run . ( I think you are all aware that it has happened before )

So
Your national forests , beautiful bit of the planet earth . Sold ( most likely to the Chinese ) dig it up , extract the coal sell it to the Chinese who need good quality coal for steel making

So the possibility of a Chinese company having large shares in Solid energy , Digging up large chunks of the west coast , in order to sell coal to the Chinese .

Where does that leave NZ

Forget Jk , forget National , labour or what ever . Say NO to globalisation

Now before anyone starts. Globalisation isn't about buying stuff on the Internet. Its about large ( and I mean Large ) corporations who have no interest apart from their own, exploiting resources for profit.

DO NOT LET THIS HAPPEN. You think ACC and Rego is a pain in the arse , you wait

Water?? , water meters under the guise of saving money ? has that happened yet ?

Electricity? Health ? Education? .....FOOD ???? have these increased in price??

Food... fFS , NZ is the garden of the world ,( Just like Ireland was the garden of England ) Look what happened to Ireland .. potatoes anyone ??

The Government could easily use the state of national emergency to rebuild CHCH, IT DOESN'T NEED TO SELL ASSETS.

Rousseau said;
If, therefore, we take from the social compact every thing that is not essential to it, we shall find it reduced to the following terms: "We, the contracting parties. do jointly and severally submit our persons and abilities, to the supreme direction of the general will of all, and, in a collective body, receive each member into that body, as an indivisible part of the whole."

but if that social contract is broken then it is the right of a man to renegotiate the terms;

IMHO the social contract between the state and I has been broken. As the contract has been annulled by one of the parties not for-filling its part. I feel I am under no obligation to participate in it. ( I do because of my feelings towards my fellow man )

Spinning wheel anyone????


Stephen


Its very hard to maintain respect for a group who roll over and take it. Imagine if others had done the same , we would all be speaking German now and life for some wouldn't be pleasant

[Banditbandit]

Of course I have a point - not everything is black and white, yet you answer black and white and ask me a question that is so too.

Let me answer your question with a question. Were you a motorcycle dealer, how much would you have put away for a rainy day during the halcyon days?

Not that I'm a motorcycle dealer, but I would be happy to bet that (in general) they made SFA surplus to "put away". Were they making heaps (i.e.enough to put away), more would enter the market and under cut their margins to try and take their share of these big fat profits. What happened to motorcycle dealers when the recession hit? How many wealthy dealers do you see (that didn't start wealthy)?

In short, in answer to the question, there are those that can and those that did. But it's frequently not an option, particularly in industries where there is tight competition - or where say private enterprise is expected to compete with a government backed gorilla.

I agree wth pretty much everything you say ... and businesses tend to run on cash flow, not profits. Cash flow keeps the company health and profits is the cream left over ...

In this case the businesses are broadcasters who pay an annual fee to the Governmetn to broadcast on frequencies. It's the payment of those fees that has been put on hold (which means in a snese that it's a loan from the Governmet).

But these are natural business expenses of these companies, and they have not planned how they are going to pay them.

Yes, they can argue that we are in a recession and they haven't got the money because people are not advertising with them.

Have you seen any less ads on TV3 ? Does what we see night after night support the idea that they are not getting the same advertising income? No, it does not!!!

Bad planning is what it is ...

[The Stranger:Me]

Yes, they can argue that we are in a recession and they haven't got the money because people are not advertising with them.

Have you seen any less ads on TV3 ? Does what we see night after night support the idea that they are not getting the same advertising income? No, it does not!!!

So TVNZ and 3 attract the same advertising rates for their adds do they?
Hmm, I would have thought the channel with the greatest number of viewer would attract the higher rates.

[Oscar]

Have a look under Debt .. it shows that our net debt was falling from 2001 to 2008 .. then the Nats came in .. and guess what - debt is rising again ...

And that wouldn't have happened under Labour?
Did you miss the Global Recession?

[The Stranger:Me]

That's fair enough. The black and white view is unfair, but so is having the money and not having the money. You do or you don't. Again, potentially not fair given "industrial" competition.

In answer to your question. As much as I didn't need to spend. If I was serious about keeping MY business afloat (this isn't an oh this is how it should be done, I am after all inexperienced ) for the future, then I would save as much as I didn't need to spend, initially. After that, I would calculate the potential amount required to keep my business afloat in a worst case scenario, that worst case scenario potentially being 6 months of no "high" profit item sales. IF i have a handle on my comings and goings, I would hopefully have enough information to generate future cost/expenditure prediction models and know where my worst case scenario tipover point was. Or something like that .

If you're still in business and breaking even, then i'd call that wealthy too (in a recession that is)

KB at it's finest - you've already admitted you've never been there, yet you have all the answers. You're not an icecream vendor by chance are you?

[Oscar]

The Government could easily use the state of national emergency to rebuild CHCH, IT DOESN'T NEED TO SELL ASSETS.

Ignoring all your other hyperbole, would you care to explain this rather curious statement?

[Oscar]

Recession my ass, plenty of businesses are making it through the tough times, and not all, not even close, are suckling at the govt tit.

Call me cynical, but I'm guessing you don't have a shred of evidence to back up this statement do you?

[mashman]

KB at it's finest - you've already admitted you've never been there, yet you have all the answers. You're not an icecream vendor by chance are you?

Ahhh, KB at its finest, or is it just the Kiwi way , because you haven't done it, you are incapable and know feck all about feck all... and I see you missed the "this isn't an oh this is how it should be done, I am after all inexperienced" bit , I can't say i'm surprised ... heh, nope, would eat it all before the kids did.

Call me cynical, but I'm guessing you don't have a shred of evidence to back up this statement do you?

You're cynical . True, but i'm assuming that as the unemployement rate didn't go through the roof, yes it went up, but as it didn't through the roof and that govt doesn't subsidise private enterprise , then I pretty much stand by my assertion.