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Archive for 30 January 2012

Mum & Dad investors?

30 January 2012 4 comments

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John Key laments that he could do nothing to stop the sale of the Crafar farms to overseas investors because of our Free Trade Agreement with China.  Shanghai Pengxin had as much right to bid for, and have their bid accepted, as any other bidder in this country,

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Full Story

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Key says that attempting to halt the sale would have meant the Chinese suing us for breaching the FTA, as he was quoted in the Otago Daily Times,

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“Ministers could have overturned that decision, but there were no reasons to do so. The OIO correctly interpreted the legislation, and had they turned it down simply on the basis of being Chinese, it would not only be unlawful but unacceptable and would have been overturned in the courts.” ” – Source

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In which case, how will John Key ensure that Kiwi “mum and dad” investors are allowed first option to buy shares in soon-to-be privatised state power companies – without Chinese demanding the same right to bid,

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Won’t we be sued by China  if “mum & dad” investors get first preference over countries with which we have a FTA with?

It will be interesting to see how our Dear Leader resolves this little dilemma.

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When the future arrived…

30 January 2012 2 comments

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Global warming… pollution… over-population… decaying inner cities… rising crime and mass poverty… food shortages…  collapsed fish-stocks… corrupt government and police…

It’s hard to tell whether this is a description of current human civilisation, 2012AD… or the nightmarish vision of humanity in 2022AD,

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As nations scurry to gain control of arable farmland in Africa, New Zealand, and elsewhere,  we may have taken another step closer to the dystopian futureworld of  “Soylent Green“,

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Unfortunately (for us), as CO2 levels,  temperatures, and acidification rise, these will impact on the state of our oceans. What profound impact these changes will have on the oceans’  eco-systems is anyone’s guess – but it’s not looking too flash for us,

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Even if global warming doesn’t kill of the fish stocks – human over-fishing, it seems, will do the job. And by the year 2050AD – when the human population is expected to rise to an estimated 9 billion – is precisely when food supplies will be desperately  needed more than ever.

Little wonder, then, that demand for farmland to grow protein for burgeoning populations is rising.

We may have sold our farms too cheaply.

 

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