- Thread starter
- #14,761
What about when everyone fell for some Hawaii called Fale going to buy the Warriors.
In hindsight who really believes that!
Politics š³ļø NZ Politics
- Thread starter wizard of Tauranga
- Start date
NZWarriors.com
I actually reckon if it was just national and NZ first, it would be a pretty compelling combo. Seymour is proving to be a liability
At the next election, I wouldnāt be surprised to see Seymour lose his seat, Brooke van velden win hers, and for the party be lucky to scrape in over 5%
NZWarriors.com
Except their GST rules are a drag to follow as it's not on everything. First 18k 0% sounds good though.Australia have 10% GST and Pay no tax on the first 18,000. That is way better for the people at the bottom who are struggling! Even under Labour thees thought of lower taxes would make them vomit!
TPM worded their desire for an investigation badly. Nothing more. Seymour should have pointed out to Mr Polkinghorne that of course the police are treating him as a suspect as he's a close family member. It's hard but it's their job given family violence stats etc.
You'd think i should at least not post for 24 hours
www.theguardian.com
Far-right populists much more likely than the left to spread fake news ā study
Amplifying misinformation is now part of radical right strategy, says Dutch study of tweets by MPs in 26 countries
- Thread starter
- #14,766
Some rambling thoughts on productivity.
1 - Being in Sydney recently itās all scale. An example is an average shop with 1 staff member can turn over a huge amount because of scale. In Auckland with the same 1 x staff your turnover is half. With similar fixed costs, itās just so much harder to get the same GDP per person with a lower population.
2 - disposable income in the population is massive for businesses to thrive. Itās clearly evident in Sydney through the higher end products, amount of people at entertainment places, eating out, etc. NZ has a much smaller pool of people with decent disposable incomes and thus businesses in NZ strugge to Thrive.
3 - the bigger the city the greater barriers to entry for decent businesses. The capital outlay is huge and everythingās on a bigger scale. It stifles innovation but the ones that succeed thrive. Itās like an ultra competitive selection process that produces better businesses. Hence big brand from big markets are so polished while NZ businesses going overseas are exposed as being a lower level.
NZWarriors.com
Can anyone here honestly hand on heart say that there are any current politicians that do have answers?
Not policies or ideologies but proper long term strategies that will make New Zealand a better place?
I cant think of one
- Thread starter
- #14,768
The solutions are unpalatable for the electorate.
So our politicians (from both sides) bumble along being populist and slowly make tweaks behind the scenes they were not elected on.
The step changes involve exploiting our environment which isnāt palatable. We donāt like progress and change and have become a rest home economy where we prioritise lifestyle over growth.
"I'm more worried about the children who are eating those lunches that you've nicked them from." The guy's a savage.
View: https://www.instagram.com/chloe.swarbrick/reel/DF63PotSXg-/
View: https://www.instagram.com/chloe.swarbrick/reel/DF63PotSXg-/
NZWarriors.com
I think another thing is that a lot of businesses are still experiencing tough financial pressures and are retrenching and not wanting to increase their debt levels. Sooner or later, the economy will turn the corner and businesses will look to expand again whether itās through extending capital or borrowing.
That said, the drops in mortgage rates and interest deduction rule changes will draw more people into property investment. Personally, I think the debt to income ratios for landlords needs to change so they need half the deposit in money and the other half in equity in existing assets instead of the current 100% deposit on existing equity.
Iād also like to see a change in KiwiSaver to get away from only being about to buying a first home (or hardship) to allow say 25% of someoneās KiwiSaver balance to be allowed to be withdrawn to start a business IF the business meets strict criteria similar to getting a business loan from the bankā¦. ie projections, business plans, etc.
AIA, the insurance company, have moved their 6-month rate to match ASB's.
NZWarriors.com
And now WestPac have dropped down their rates from 1 year to 4 years but left their 6 month and 5 year term rates the same.
- Thread starter
- #14,774
Spending spree coming up.!
The economy will bounce back with all the extra cash freed up. Good time to buy a house because they will be going up again!
Roll on the next election with everyone feeling good again, money in their pocket and businesses thriving.
And hopefully the recovery is build on a solid foundation of strong exports and business growth instead of a govt debt fuelled spending spree.
Tony Alexander's take on whether or not a borrower should seriously look at Westpac's 4.99% for three year offering....
www.oneroof.co.nz
Tony Alexander: 4.99% mortgage rate surprise - should Kiwis hold out for a better deal?
Banks are competing hard for new customers.
NZWarriors.com
Or, if you can afford it, keep making the same repayments and pay the mortgage back quicker and pay less interest...
- Thread starter
- #14,777
Pfffā¦ boring.
Go buy a new car insteadā¦ for the good of businesses and the economy!
Just jokingā¦ sort of
Pay yourself forward and buy this now knowing you'll save the money in the future...Pfffā¦ boring.
Go buy a new car insteadā¦ for the good of businesses and the economy!
Just jokingā¦ sort of
2025 BMW M4 Competition M xDrive Coupe | Trade Me Motors
Welcome to Continental Cars BMW 45 Wairau Road, Wairau Valley, Auckland THE ALL-NEW BMW M4!!!!! Introducing the new BMW M4, a stunning evolution of the iconi...
www.trademe.co.nz
NZWarriors.com
I know some people owed money from this POS in the past.... I can't believe a judge would remove his restrictions on running a business again. Now, his businesses owe over $4 mil.... but he still has enough to hire a spin doctor.
The Eco-Smart group, directed by Ritesh Mani, has over the past few years attracted complaints in the press from clients, and in the courts from subcontractors.
In August, Inland Revenue appointed liquidators to Manifest Group and Prime Assets #1. Both companies have Mani as their sole director and include Eco-Smart links in filings.
The Official Assignee has since completed both administrations, recording $88,130 was owed in unpaid taxes with no recoveries generated.
In December, three more companies in the group, also directed by Mani, had liquidators appointed. ASCCN 21, NKSW and ECTCH have previously been named Eco-Smart Group, Eco-Smart Homes Northwest and Eco-Smart Homes Auckland.
The former two companies were liquidated by Mani, who appointed Rodgers Reidy, shortly after ECTCH was tipped into administration by subcontractor Dennis & Leo Brady Construction, which was owed $938,762.
Liquidator reports for all three companies record at least $4 million in owing and negligible or unknown assets, although administrators signal their initial accounting is incomplete.
The Registrar of Companies has also signalled it intends to remove three other companies in the group from the register: Wealth Creation Partners, NZ First Home, and Eco-Smart Residential West Auckland.
Mani, contacted by the Herald, declined to directly answer questions about the collapse of Eco-Smart and instead directed communications be managed by a public-relations firm.
Daniel Paul, director of Wellington-based The PR Company, initially insisted his client would need a week to answer questions as āthere [are] a big amount of very complex issuesā but later agreed to provide a written statement the following morning.
The statement attributed the failure to subcontractors and the declining Auckland property market.
āWe have worked with hundreds of happy homeowners over the years, but the issues noted above meant not everyone had a great experience. We did our best to complete all the projects and get everyone into their homes before the liquidation,ā the statement said.
Mani has a chequered commercial past.
In 2002, he was bankrupted while working as a ādriver/sales representativeā.
In 2014 he was bankrupted again, with his occupation listed as āreal estate agentā.
In 2015, he was working for his family-owned company Tribeca Homes as its ānumber-one sales executiveā when the company dishonoured 44 contracts with customers who had paid deposits for home and land packages.
Tribeca later went into liquidation owing creditors $4.8m, with about half being unpaid taxes. A Herald investigation into Tribeca found Mani ā who was then prohibited from managing or directing a company due to bankruptcy restrictions ā had flown Tribeca salespeople to Australia to attend a pep talk by Jordan Belfort, the convicted fraudster known for his memoir The Wolf of Wall Street.
Liquidators later pursued claims against a Mani family trust for $133,023. The Registrar of Companies later imposed a three-and-a-half-year banning order against Mani, but this order was quashed on appeal, with a judge ruling the Companies Office had provided insufficient evidence detailing Maniās involvement in mismanagement at Tribeca.
Mani said in his PR statement he was not concerned the collapse of Eco-Smart might expose him to a third bankruptcy.
āWe are doing our best to work through this as positively as possible for all concerned.ā
Leo Brady, of creditors Dennis & Leo Brady Construction, welcomed the end of Eco-Smart.
āThere were a whole heap of houses and at the end, he couldnāt pay. I think thatās the way he [Mani] operates.ā
Brady said he had lost money with earlier Mani ventures ā āIāve known him since the Tribeca daysā ā and when he started work he did not know Mani was behind Eco-Smart.
He said he didnāt want to give too much more attention to Mani. āI donāt want to die of stress worrying about him. But surely he canāt go into any business again ā maybe just the workforce? Thatās not how the world works.ā
Brady said weathering the loss of nearly a million dollars was difficult for his company of nearly two-dozen employees, but he was coping.
āArse-up, head-down is the only way to do with it. And some very accommodating companies Iām still dealing with, and paying them off.ā
āIt was a difficult decision made to then close the company.ā
www.nzherald.co.nz
Troubled property developer wound up owing at least $4 million
An Auckland property developer has ceased trading, with the companyās director saying he has left the real estate sector after five companies in his group entered liquidation.The Eco-Smart group, directed by Ritesh Mani, has over the past few years attracted complaints in the press from clients, and in the courts from subcontractors.
In August, Inland Revenue appointed liquidators to Manifest Group and Prime Assets #1. Both companies have Mani as their sole director and include Eco-Smart links in filings.
The Official Assignee has since completed both administrations, recording $88,130 was owed in unpaid taxes with no recoveries generated.
In December, three more companies in the group, also directed by Mani, had liquidators appointed. ASCCN 21, NKSW and ECTCH have previously been named Eco-Smart Group, Eco-Smart Homes Northwest and Eco-Smart Homes Auckland.
The former two companies were liquidated by Mani, who appointed Rodgers Reidy, shortly after ECTCH was tipped into administration by subcontractor Dennis & Leo Brady Construction, which was owed $938,762.
Liquidator reports for all three companies record at least $4 million in owing and negligible or unknown assets, although administrators signal their initial accounting is incomplete.
The Registrar of Companies has also signalled it intends to remove three other companies in the group from the register: Wealth Creation Partners, NZ First Home, and Eco-Smart Residential West Auckland.
Mani, contacted by the Herald, declined to directly answer questions about the collapse of Eco-Smart and instead directed communications be managed by a public-relations firm.
Daniel Paul, director of Wellington-based The PR Company, initially insisted his client would need a week to answer questions as āthere [are] a big amount of very complex issuesā but later agreed to provide a written statement the following morning.
The statement attributed the failure to subcontractors and the declining Auckland property market.
āWe have worked with hundreds of happy homeowners over the years, but the issues noted above meant not everyone had a great experience. We did our best to complete all the projects and get everyone into their homes before the liquidation,ā the statement said.
Mani has a chequered commercial past.
In 2002, he was bankrupted while working as a ādriver/sales representativeā.
In 2014 he was bankrupted again, with his occupation listed as āreal estate agentā.
In 2015, he was working for his family-owned company Tribeca Homes as its ānumber-one sales executiveā when the company dishonoured 44 contracts with customers who had paid deposits for home and land packages.
Tribeca later went into liquidation owing creditors $4.8m, with about half being unpaid taxes. A Herald investigation into Tribeca found Mani ā who was then prohibited from managing or directing a company due to bankruptcy restrictions ā had flown Tribeca salespeople to Australia to attend a pep talk by Jordan Belfort, the convicted fraudster known for his memoir The Wolf of Wall Street.
Liquidators later pursued claims against a Mani family trust for $133,023. The Registrar of Companies later imposed a three-and-a-half-year banning order against Mani, but this order was quashed on appeal, with a judge ruling the Companies Office had provided insufficient evidence detailing Maniās involvement in mismanagement at Tribeca.
Mani said in his PR statement he was not concerned the collapse of Eco-Smart might expose him to a third bankruptcy.
āWe are doing our best to work through this as positively as possible for all concerned.ā
Leo Brady, of creditors Dennis & Leo Brady Construction, welcomed the end of Eco-Smart.
āThere were a whole heap of houses and at the end, he couldnāt pay. I think thatās the way he [Mani] operates.ā
Brady said he had lost money with earlier Mani ventures ā āIāve known him since the Tribeca daysā ā and when he started work he did not know Mani was behind Eco-Smart.
He said he didnāt want to give too much more attention to Mani. āI donāt want to die of stress worrying about him. But surely he canāt go into any business again ā maybe just the workforce? Thatās not how the world works.ā
Brady said weathering the loss of nearly a million dollars was difficult for his company of nearly two-dozen employees, but he was coping.
āArse-up, head-down is the only way to do with it. And some very accommodating companies Iām still dealing with, and paying them off.ā
āIt was a difficult decision made to then close the company.ā
Troubled property developer wound up owing at least $4m
Twice-bankrupted Ritesh Mani's Eco-Smart Homes slides into liquidation.
Db, I reached out to the original poster of that graph (it was a second degree away from me) and they came back with a reply "these are quarterly rolling figures", so me with my crap maths kinda thinks the 6bn is the sum from the previous 3 months
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