The Waipareira Trust achieved a record net surplus of $20.6m in 2023/24. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

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Tamihere-led charity beating 93% of top NZ companies

The John Tamihere-led Te Whānau O Waipareira Trust Group’s 2023/24 financial report reveals net assets soaring to $103.8m—more than double their value four years ago.

The trust achieved a record net surplus of $20.6m, amounting to 24% of its revenue, which Kiwiblog’s David Farrar describes as “astonishing” for a taxpayer-funded charity.

18 December 2024

Manurewa marae investigation findings delayed, broader public service impact expected

Findings from the Public Service Commission’s investigation into alleged misuse of personal data at Manurewa Marae won’t be made public until late January 2025.

The inquiry, launched in June under Prime Minister Christopher Luxon’s direction, centres on claims that Census and COVID vaccination data were improperly used to aid Te Pāti Māori’s election campaign.

18 December 2024

Should you pay for police protection at public events?

A proposed law change allowing Police to charge for their presence at public events has critics warning it could suppress free speech and disadvantage grassroots organisers.

The National MP for Maungakiekie Greg Fleming recently defended the proposal on Newstalk ZB, claiming it would free Police from distractions. However, opponents argue it’s a “slippery slope” toward censorship.

18 December 2024

No surplus in sight: Government books worsen, debt issuance surges

The government’s financial outlook has deteriorated, with no surplus expected until at least 2029, according to Treasury’s Half-Year Economic and Fiscal Update (Hyefu).

This delay pushes back the earlier forecast of a surplus by 2027/28. Treasury has attributed the worsening fiscal situation to declining productivity, slower economic growth, and lower-than-expected tax revenue.

18 December 2024

Watercare’s wastewater constraints shake Auckland housing market

Watercare’s new map, highlighting Auckland suburbs with limited water and wastewater capacity, has blindsided developers and agents, halting planned projects and slashing property values in affected areas.

Suburbs in the “red zone” may face development bans until infrastructure upgrades, potentially delayed until 2035.

18 December 2024

Doug Casey: Green energy’s $5t failure

Economist Doug Casey calls the $5t global investment in green energy over the past two decades a colossal failure. It has achieved only a roughly 2% drop in reliance on hydrocarbons, which still account for 84% of global energy.

“It’s essentially the triumph of pseudoscience and aberrant psychology over physics and critical thinking,” Casey declares, accusing the green movement of pushing an anti-human agenda.

18 December 2024

Autonomous AI poses existential risks, warns former Google CEO

Former Google CEO Eric Schmidt has warned that autonomous AI systems, capable of operating independently, pose an existential risk to humanity and may soon become a reality.

“We’re soon going to be able to have computers running on their own, deciding what they want to do,” Schmidt said on ABC’s This Week, suggesting the need to consider “unplugging” such systems before they evolve beyond control.