Showing posts with label john key. Show all posts
Showing posts with label john key. Show all posts

Tuesday, March 22, 2011

Merrill Lynch & Co.Image via Wikipedia
John Key the smiling assassin - as he sacked hundreds of Merril Lynch employees



John Key well remembered as the smiling assassin who sacked hundreds of Merrill Lynch staff, in the days before he entered New Zealand politics and became prime minister. Now he is responsible for sacking thousands of kiwi public servants. Just the type of person you would invite home to meet your mother? Yeah Right!



Key's first job was in 1982, as an auditor at McCulloch Menzies, and he then moved to be a project manager at Christchurch-based clothing manufacturer Lane Walker Rudkin for two years.[7] Key began working as a foreign exchange dealer at Elders Finance in Wellington, and rose to the position of head foreign exchange trader two years later, then moved to Auckland-based Bankers Trust in 1988.

In 1995, he joined Merrill Lynch as head of Asian foreign exchange in Singapore. That same year he was promoted to Merrill's global head of foreign exchange, based in London, where he may have earned around US$2.25 million a year including bonuses, which is about NZ$5 million at 2001 exchange rates. Some co-workers called him "the smiling assassin" for maintaining his usual cheerfulness while sacking dozens (some say hundreds) of staff after heavy losses from the 1998 Russian financial crisis. He was a member of the Foreign Exchange Committee of the New York Federal Reserve Bank from 1999 to 2001.

In 1998, on learning of his interest in pursuing a political career, the National Party president John Slater began working actively to recruit him. Former party leader Jenny Shipley describes him as one of the people she "deliberately sought out and put my head on the line–either privately or publicly–to get them in there".

He doesn't appear to have changed much - now he smiles as thousands of NZ public servants lose their jobs weekly because of his Governments policy to reduce the numbers in the public service, regardless of need.

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Tuesday, March 08, 2011

CHRISTCHURCH, NEW ZEALAND - MARCH 01:  (L-R) L...Image by Getty Images via @daylife

New Zealand PM: Parts of quake-hit Christchurch City to be abandoned...

WELLINGTON:  New Zealand — Some 10,000 houses and several hundred commercial buildings in Christchurch will have to be demolished because of earthquake damage, while some parts of the city will have to be abandoned altogether, New Zealand's leader said Monday.

The magnitude 6.3 temblor that hit Feb. 22 shattered homes, heritage buildings and office blocks, and caused 166 confirmed deaths. Officials expect the toll to rise to more than 200 as rescuers continue to search for bodies in the rubble.

Prime Minister John Key said some 10,000 houses will have to be demolished in the city, including 3,300 that were damaged by an earlier magnitude 7.1 quake on Sept. 4 that caused far less damage. Several hundred commercial buildings in the downtown area also will have to be bulldozed, he said.

"Potentially there are some ... areas of Christchurch which will need to be abandoned and we will have to provide other alternatives for people to live in because the land has been so badly damaged, we can't fix it -- certainly not in a reasonable time frame," he said.

Earthquakes can cause sections of earth to liquefy and push up to the surface as watery silt, a process called liquefaction. In Christchurch, 260,000 tons of silt have already been scraped away.

"There are some parts of Christchurch that can't be rebuilt on" due to damage from liquefaction, Key told reporters.

He said modular homes will be brought in to provide temporary housing for some of the many thousands of displaced.

Work crews are still clearing rubble from the earthquake, which badly hit the downtown area and cut water and power services across the city. Almost all electricity supplies have been restored, but residents in the city are being told to boil tap water because of the risk of contamination.

Officials say some 70,000 people -- one-fifth of Christchurch's population of 350,000 -- have left the city temporarily as a result of the quake.

A national memorial service is planned for March 18, and Key said the open-air service in a city park could attract up to 100,000 people.


KR says:  This is all speculation at this stage. John Key thinks he is the Mayor of Christchurch as well. Decisions will be made later after consultation with all parties involved.

Acknowledgements: CTV News

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Monday, February 28, 2011

John Robert Godley, ancestor of the Barons Kil...Image via Wikipedia Founding father, Robert Godley

Time capsule found buried in rubble of earthquake shaken Christchurch...




Nothing good can come out of a disaster that has shaken Christchurch to its core, but there was a brief shimmer of light today when a piece of history was uncovered amongst the earthquake ruins.

The capsule was discovered by rescue teams while working near the destroyed statue of pioneer John Robert Godley, the New Zealand Herald reports.

The copper capsule and broken bottle are thought to have been put there when the statue was first erected in 1867.

A handwritten note was found in the bottle, but details of what it says have not yet been released.

Mayor Bob Parker said he believed that inside the time capsule were documents outlining the vision of the city.

Canterbury Museum director Anthony Wright said it was a wonderful discovery amid all the sad news of the earthquake.

Call 0800 RED CROSS (0800 733 276) to find out whereabouts of friends and families

Acknowledgments: NZ Herald

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Wednesday, February 23, 2011

Lyttelton on a sunny dayImage via Wikipedia  Lyttletone before quake...
Christchurch's Port Lyttleton badly damaged...



Christchurch's port and suburban township of Lyttelton, nearest to the earthquake's epicentre, have been severely damaged.

St John area commander Pete Dawson, a local, told AAP how devastating it was to see his town destroyed.

"Just look at it," he said. "It's a mess, totally destroyed.

"It's very difficult. We've lost so many of our best buildings and homes," said Dawson, himself now homeless.

The town had also lost two men, one elderly and another young. Dawson said they were walking on a mountain track when they were hit by falling rocks

http://news.msn.co.nz/glancereview/150322/lyttleton-devastated-by-quake.glance

Acknowledgement: MSN NZ

http://communitybloggersevolve.blog.co.uk

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Monday, February 21, 2011

Christchurch Central CityImage via Wikipedia  Has been badly damaged...
Another massive earthquake hits beautiful Christchurch in NZ...




Prime Minister John Key says 65 people are dead following a 6.3 magnitude earthquake in Christchurch and the death toll is expected to rise.

"We may be witnessing New Zealand's darkest day," he said.

The final number of fatalities may not be known for several days until all the buildings in the city and surrounding areas have been searched.

Hundreds of people remain trapped in collapsed buildings around Christchurch and many won’t make it out tonight as search and rescue crews struggle to cope.

Makeshift hospitals have been set up at triage centres across the city and many people who can’t get home have flocked to Hagley Park. But they have little shelter, water or food.

Thousands of others are wandering the rubble-strewn streets, many searching for loved ones and trying to reach trapped people and the suburbs of Lyttleton and New Brighton are now reportedly "unliveable".

No part of the central city is untouched by the earthquake. Several buildings have completely collapsed and two buses have been crushed by falling buildings.

The seven-storey Canterbury Television building has been levelled and at least one person is still trapped inside. A staff member who managed to escape the building said the earthquake was terrifying. ‘I thought I was going to die.’

At least one person is confirmed dead and more than 30 are trapped in the Pyne Gould Guinness Building, an office block in central Christchurch.

Christchurch’s 110-year-old cathedral is in ruins.

PHOTOS: Earthquake hits Christchurch
Witnesses have said the quake, which struck just before 1pm, was worse than September’s 7.1 magnitude earthquake in the region and it has caused widespread damage.

The quake reportedly lasted about a minute and was extremely violent, causing major buildings to rock back and forth.

Tarmac on the roads have cracked and water mains have reportedly burst.

Phone lines are down and calls are not being connected to emergency services. Several people interviewed in the cental city are distressed because they can't contact their children or other family members.

Sky News has been reporting live from Christchurch and is screening chaotic scenes, with panicked people and crying schoolgirls running through the streets.

A witness told the cameras the earthquake felt much worse than September’s 7.1 magnitude earthquake.

"It was just so strong. It was hideous."

There have already been more than 20 aftershocks and Civil Defence is warning residents to expect more.

Water and sewage is pouring down the city streets and phones and power are out.

The defence force are sending personnel to Canterbury today to help with the disaster.

Triage centres have been established for people with injuries at: Latimer Square, Central City; Spotlight Mall, Sydenham; Sanitarium, Papanui. Police advise that people who have evacuated their homes or buildings should report to their nearest Civil Defence sector post - usually schools. People from as far as Wellington and Dunedin have tweeted they also felt the quake.

http://news.msn.co.nz/article/8214610/huge-6-3-magnitude-earthquake-strikes-canterbury



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Tuesday, February 15, 2011


New Zealand soldier killed in Afghanistan vehicle crash....



A New Zealand soldier has been killed and three others injured in a vehicle accident in Afghanistan.

The Defence Force has named soldier killed as Private Kirifi Mila, who had been due to return to New Zealand in April this year.

Private Kirifi Mila was due to return home in April.
It says the soldiers were patrolling in north-east Bamyan province when their Humvee rolled down a cliff.
Private Mila was a gunner positioned on the roof of the Humvee.

One of the injured soldiers has broken ribs and another has eye socket injuries and head injuries.
The Defence Force says the accident had no connection with insurgent activity and vehicle accidents are a common problem in Afghanistan.

Chief of Defence Lieutenant General Rhys Jones says Private Mila's family has been informed and are devastated by the news.
Defence Minister Wayne Mapp says the death is sad news, as every soldier's life is very precious.

Prime Minister John Key says he is shocked and saddened by the death. He says the Defence Force in Afghanistan is operating in a dangerous and difficult environment.

Visiting Australian Prime Minister Julia Gillard also paid tribute to Private Mila, telling Parliament that Australia grieves for New Zealand soldiers as it grieves for its own.

In August last year, Lieutenant Tim O'Donnell was killed and two others seriously injured when their four-vehicle convoy was attacked by insurgents also in Bamyan province.

Acknowledgements:  © 2011, Radio New Zealand

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Monday, November 22, 2010

West Coast, New Zealand somewhere north of Gre...Image via Wikipedia
Today at Pike River - 75 hours after the mine explosion and no rescue yet:(..
.


by peter petterson

It has now been 75 hours since the mine explosion at the Pike River coalmine near Greymouth on the West Coast of New Zealand's South Island,trapped 29 miners below ground. There has been no contact or any news about the state of the mine or the health of the miners. A telephone in the mine has not been used. Two miners who were late coming into the mine were injured by the blast,but made there way out to safety and received medical help last Friday.

There have been a number of meetings between the various parties involved and with family members since Friday.Technical help has arrived from Queensland in Australia, and now from the NZ military a robot has been sent and tested this afternoon by Army personnel. This should be sent into the mine tomorrow. The levels of poisonous gases in the mine have been monitored regularly by helicopter. A road through the national park on the mountain is being cut to make access easier. A bore is being drilled through to the mine, and should be completed in a few hours. A camera will then be sent down to examine the interior of the mine.
Yesterday a full list of those down in the mine was released to the media and reported by various television and radio networks

While there have been very positive signs of hope that rescue teams would soon be down to search and rescue these miners: 24 kiwis, 2 Aussies, 2 Brits and 1 South African, the state of the mine has prevented it up until now. There has now been a rather subtle change in speech and body- language by the police commander, mine manager and the NZ prime minister, John Key and his Minister of Energy, Gerry Brownlee. They have mentioned a search and recovery scenario now.

The families of the trapped miners have become increasingly despondent and frustrated by the lack of action, but the police will not risk endangering rescue personnel until it is safe to enter the mine. Something that occurred in Australia a number of years ago; a number of rescuers were also killed along with some of the miners. The NZ scenario is chillingly similar to that of the West Virginia mine tragedy many years ago - all 29 miners were lost there after a similar mine explosion. There are also 28 miners trapped in a flooded mine in China at present.

As I mentioned above specialist rescue equipment has been flown in from Queensland, and will be off-loaded from Christchurch to Greymouth. A robot has been sent south by the NZ Army, and cameras will be sent down to view the mine once the bore being drilled on the mountain above the mine, has been completed in a few hours. The bore will also enable quicker monitoring of the poisonous gases down in the mine. Heat-seeking equipment can also be dropped down the bore in an attempt to confirm that there is life down there.
While the miners may be out of food, there are plenty of fresh water supplies throughout the mine. Any injured miners will obviously be in need of treatment by now
.
On the negative side of the ledger, there may well be a decision tomorow to search and recover bodies down in the mine. As I wrote above, the names of all of the miners have been made available to the media, and have been distributed by the various radio and television networks. And Pike River could turn out to be another West Virginia scenario

But being the usually positive character I am, all the miners could well be rescued tomorrow and emulate the situation over the mountains in Christchurch where there are still no fatalities from the massive 7.1 earthquake there a few months ago, apart from a number of heart attack fatalities which may be attributed to that disaster, and nearly three thousand after-shocks as well.

As the man said, cross your fingers and hope to die. But still no rescue yet. But tomorrows another day!

http://huttriver.blog.co.uk
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Saturday, November 06, 2010

Official portrait of Secretary of State Hillar...Image via Wikipedia








:wave:A "rockstar" Hillary Clinton is winging her way to Australia now...


She is on her private plane after being farewelled by the US ambassador and former World Trade Organisation head Mike Moore and Christchurch Mayor Bob Parker..
.
The skies opened up just as the US Secretary of State arrived at the steps of the US Air Force Boeing.
While she was protected by umbrellas, her farewell party wasn't, so there was no lingering
.
From the dry of the Antarctic Programme hangar, Moore said her visit to New Zealand had been a "triumph," particularly the Town Hall event yesterday where she answered any question put to her from an audience of 300
.
"New Zealand is highly admired by Americans who are intrigued by what you have built here, who are trying to understand rugby and the great attraction it holds, and who are very committed to learning more about New Zealand," she said.
"She's a rock star," said Moore. "Her presentation was superb in the Town Hall, wasn't it. This is the value of people who come from a democratic society where they have had to spend life convincing someone on the other side to agree with them

"Can you imagine foreign secretaries from some countries being able to pull that off?"

Moore said the Wellington Declaration - described as a strategic partnership - was an important document.
"Words mean something and the Wellington accord, these words are important. This allows us to rewrite the agenda in Washington."

But he also described some of the dramatic changes that had already taken place in the relationship.
"It is only a few ambassadors ago that an ambassador would go to the State Department, meet a person like [an assistant secretary of state] Kurt Campbell, say hello, and then a couple of years later go and say goodbye. Now we meet every two weeks."

Mrs Clinton has forged stronger ties between the two countries and signalled her government's willingness to raise the level of the relationship even further.

She Clinton had arrived in Wellington on Wednesday, going into talks with Prime Minister John Key and Foreign Minister Murray McCully before signing the Wellington Declaration.

It sets out a strategic partnership ensuring political and military co-operation, with regular high-level meetings that will be used to workout the next practical steps in areas ranging from joint training to climate change.
"I think we've always had a very close relationship on so many issues and it was important for me to demonstrate that very vividly," she said in a TVNZ interview
.
"We work together on everything from climate change to (nuclear) non-proliferation, our soldiers are working together in Afghanistan...but I think there was a lingering impression the last 25 years had served as an obstacle to our close partnership."

Both governments have said the relationship is better now than at any time since the Anzus rift caused by the introduction of New Zealand's nuclear-free legislation
.
Mr McCully has described the Wellington Declaration as "highly symbolic...the turning of a new page in the relationship."

Mrs Clinton is on a two-week Asia Pacific trip and today heads for Australia.

Acknowledgements: NZPA

http://huttriver.blog.co.uk
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Tuesday, October 26, 2010

Christchurch Hospital and Hagley High School, ...Image via Wikipedia
Crowd of  over 100,000  partied at Hagley Park last weekend in  Christchurch earthquake relief concert...




Crowds continue to stream into earthquake relief concert Band Together in Hagley Park this afternoon, with numbers approaching 100,000.



The audience, a mix of all age groups, appears good natured with emergency services reporting few problems.



Police have reported no trouble so far apart from a few "lost children" and St John have only transported one person to hospital who was suffering from a medical condition.



Ex Fur Patrol singer Julia Deans is currently performing with Prime Minister John Key expected to arrive soon.



The concert will run until 8pm and acts still to come include The Exponents, The Feelers, Dave Dobbyn and Bic Runga.



Mayor Bob Parker said he was looking forward to the performances, although not so much to his guitar cameo.



"I think the thought of the concert has kept us going over the last few weeks. It's going to be an amazing day," he said.



Parker said Band Together would give Cantabrians a chance to celebrate their resilience and think about "all the things we didn't lose" during the September 4 earthquake.



"Although things are still difficult for many people, there were no lives lost, and that's worth recognising."



The televised concert was a chance to show gratitude to those outside Canterbury who had helped out in the quake aftermath, Parker said.



He confirmed he would have a small part playing guitar with his "rock'n'roll heroes", The Bats.



"I haven't done too much practice," he said. "I think I'll just slide to the back of the stage."



One of the concert organisers, Opshop frontman Jason Kerrison, said driving around quake-damaged Dallington yesterday brought home the amount of rebuilding work to be done.



"Therefore I cannot use the word exciting when talking about the Band Together concert – not when people are using portable toilets at their front gate and still don't have any water," he said.



"The word I would use to describe how I feel is `overwhelmed' – overwhelmed by the generosity of everyone who has made the day work."



Kerrison said the concert was about families and the city getting together and relaxing and having fun together.



"I've watched this go from an idea to an email thread, and yesterday I stood in Hagley Park while a guy told me this was the biggest setup the council had ever been involved with. It's humbling," he said.



Exponents singer Jordan Luck said at a sound check last night that the band members wanted to do their part to help their home region.



"It goes without saying that we wouldn't be here without Canterbury people," he said. "We were formed here and we played pretty much every venue we could."



Luck said many Cantabrians appeared to be in a state of "psychological devastation".



Ad Feedback The concert was a chance for people "just to enjoy how beautiful Christchurch is", he said.



Council marketing manager Richard Stokes said concertgoers should use public transport if possible as there would be no public parking available at the concert. Council car parks would be open later than usual to allow people to park there and walk to the concert.



Stokes said people would need to be patient. The council would close some roads around Hagley Park to manage traffic and ease safety concerns, he said.




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Saturday, June 19, 2010

Official photo of Russel Norman, Co-leader of ...Image via Wikipedia
Brutal truth behind China's pleasant smiles and New Zealand lawmaker finds out the hard way ...


"Russel Norman has done us all a favour. He got roughed up for flying the Tibetan flag in front of he visiting Chinese vice-president, but he leaves us an image and a symbol of great value. He showed the real face of the Chinese police state, not the smiling one it wears at cocktail parties and diplomatic ceremonies. The goons who pushed and shoved him and tore the flag out of his hands also tore off China's mask. The Chinese state oppresses not only the Tibetans but its own people. It does to protesters what it did, astonishingly, to an elected MP in a foreign land: trampled on his rights and treated him with brickfaced contempt. And all in front of TV cameras. This will remain as aa glowing reminder of brutal truths and as a counterpoint to the vapidities of official ritual. Vice-President Xi raises his wine glass and gives a pleasant smile. He shakes hands with John key, carefully angled for the cameras. He has a pleasant talk with Phil Goff, another "great friend" of China. Inside the gilded halls,Xi is surrounded by fawning smiles. Outside, his guards smear our sovereignty and spit on on our democratic values.

Everybody knows, of course,that New Zealand needs China's money. Politicians of both main parties have worked for years to win a free-trade deal with the emerging Chineses super-state. Without China as a market, New Zealand would be much poorer than it is. Without the growing Chinese markets in future,New Zealand's economic prospects would be much dimmer. New Zealand cannot restrict its trade to democracies. We must sell  in the real world, which contains more despots than elected leaders. And this presents a problem."

The opening paragraphs in the New Zealand Sunday Times editorial of June 20, 2010.


Russell Norman the young co-leader of the New Zealand Greens Party had protested on the grounds of New Zealand's Parliament against Chinese policies regarding Tibet and had waved a Tibetan flag.  He was then manhandled by Chinese security guards and had his flag taken off him and trampled into the ground. Russel Norman is an elected member of New Zealand's Parliament and should not have been physically manhandled. That was offensive and is actually assault under New Zealand law. NZ police provide all official security and protection for visiting dignatories such as the Chinese vice-president and his entourage. His security guards should have remained at his side and not become involved in any fracas. Also under New Zealand law foreign security guards cannot be armed. The NZ Diplomatic Protection Squad provides armed protection for foreigners. These security guards breached New Zealand law and could have been liable for prosecution. Of course they won't and not much will be said by those who govern New Zealand at present. They will bend over backwards not to offend Vice-president Xi, who could become the next president of China. This action offended not only members of New Zealand's parliament, but the New Zealand people who are represented by members of parliament such as Russel Norman.

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Thursday, June 17, 2010

Tibetan Prayer Flags on the Border of China an...Image via Wikipedia


Roughed up NZ MP plans to complain for being assaulted by Chinese security in NZ..





From Pete's Kiwi Watch comes this story: http://peteskiwiforum.blogspot.com/











Roughed up New Zealand MP plans to complain - he was assaulted by Chinese security...







Parliament's Speaker will receive complaint from Green MP Russel Norman, who was roughed up by Chinese security as he held Tibet protest







Green MP Russel Norman plans to lay a complaint with Parliament's Speaker after he was roughed up by the Chinese Vice President's security officers.







The party co-leader was waving a Tibetan flag outside Parliament as Vice President Xi Jinping arrived. He was then manhandled by members of Mr Xi's entourage.







Political editor Barry Soper, who witnessed the scene, says the security contingent was very rough with Mr Norman and he describes the incident as "quite extraordinary.







"Chinese security and there are very large numbers of them, roughed (Mr Norman) up in a way that I've never seen a member of Parliament treated. He had the Tibetan flag ripped from him and trampled on by the Chinese security. He was prevented from getting anywhere near the vice president.







"If somebody does want to wave a Tibetan flag, which is clearly offensive to the Chinese and with the flag went Russel Norman chanting 'freedom for Tibet', well, we live in a democracy and should be able to express our views in the way Russel Norman did."







Mr Soper says Mr Norman can probably expect to receive similar treatment if he waves a Tibetan flag in front of the vice-president again.





Do you expect John Key to put a complaint in to the Chinese? Don't be funny! Seriously the Chinese security need to keep their hands to themselves while on NZ soil or water. Their job was to protect the Chinese dignatory. Any New Zealander is quite free to wave a Tibetan flag here in NZ - NZ is a free democratic state that will not be intimidated by the Chinese regardless of any free trade agreements, John Key. I would wave one myself! The Chinese invaded Tibet in the early 50's. Long live Tibet!










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Tuesday, October 13, 2009




Is New Zealand's iconic ACC scheme in jeopardy?

Is the world's first and only comprehensive no-fault state owned and operated fully accident compensation scheme under threat from the conservative John Key-led National Government in New Zealand. This scheme is the envy of the world. In 1974 the government of the day signed a covenant with the people of New Zealand that in return for the full provisions of this scheme, they would give up their right to sue, their employer or the person responsible for their accident and injuries.




The following are some comments made about what increase motorists may pay under the changes.





ACC choice - pay more or get less, says John Key



Cutbacks to ACC will be spelled out tomorrow
Govt to announce ACC changes.

Car owners are to pay more for vehicle licensing and petrol under ACC increases announced by the Government today.

ACC Minister Nick Smith revealed a $32 increase in the motor vehicle levy. This will take the fee for a petrol car up from $136.44 to $168.46.

The ACC petrol levy will rise from 9.34 cents per litre to 9.90 cents per litre.

The changes announced are much less than those proposed by ACC.

Dr Smith said he would cut entitlements rather than introduce the full increases recommended.

He said the proposed increases were too steep and the Government was introducing legislation to halve them.

"These changes are necessary because ACC's claim costs have risen by 57 per cent and its unfunded liabilities have grown from $4 billion to $13b in just four years," Dr Smith said.

The steepest levy hikes are for drivers of large motorcycles.

All motorcycles currently pay $252.69 in levies. Under the changes, while bikes under 125CC face only an increase of a few dollars, larger motorcycles will pay far heftier amounts.




601 plus cc: increases from $252.69 to $745.77.

Mopeds - which currently pay just $59 in ACC charges - will instead be classed with small motorcycles of 125 CC or less and pay $257.58 in license fees and petrol levies.

Dr Smith said motorcyclists were 16 times more likely than car drivers to be involved in accidents yet car owners were currently subsidising their ACC bills by $70 each.

The Government is also considering 'no claims' bonuses, experience rates, and lower levies for those with safer vehicles.

"Our objective is to secure the long-term future of ACC as an efficient and fair 24/7, no-fault insurance scheme for all New Zealanders.

"The changes to the law will not reduce the income compensation payments to any existing claimants but future claimants will receive lesser amounts in some circumstances."

Other key changes included:

* reversing 2008 income compensation extensions covering casuals, part-timers, non-earners and abatements for holiday pay;

* reversing vocational rehabilitation changes;

* introducing a 6 per cent hearing loss threshold;

* reversing entitlements for wilfully self-inflicted injury and suicide;

* further restricting entitlements for criminals;

* allowing incentives for employers and vehicles;

* requiring more open reporting of ACC liabilities;

* And the previously announced decision to extend the date ACC had to be fully funded by from 2014 to 2019.

ACC recommended increases in the work account levy from $1.31 to $1.89 per $100; in the earners account from $1.51 to $2.48 per $100. Also it said the motor vehicle account levy should go up to $417.28 from $287.

What will come next? Will they fundamentally change ACC? The NZ public traded off their right to sue in 1974 for a full 24 hours no-fault accident cover. Will this be under threat in coming months? We will have to wait and see.

Acknowledgements: NZPA, NZ Herald Staff