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Kiwibank
Kiwibank Limited is a New Zealand state-owned bank and financial services provider with approximately 4% of market share in terms of assets. Kiwibank is owned by the New Zealand Government and provides some of its banking services through its branches. Kiwibank branches were previously located within ''PostShops'' (post offices). The company's Board of Directors was chaired by former New Zealand Prime Minister Jim Bolger from 2001–2010. The current Chair of the Board of Directors is Jon Hartley. History Earlier state-owned banks Kiwibank is similar in many respects to an earlier post office-based bank owned by the New Zealand Government. The New Zealand Post Office Bank was established in 1867. In 1987, the bank was corporatised and separated from New Zealand Post and Telecom New Zealand to form a stand-alone company – PostBank. Then in 1989 PostBank was sold by the government to ANZ. Establishment period (2002–2010) The bank originated from Alliance Party policy du ...
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New Zealand Post
NZ Post ( mi, Tukurau Aotearoa), shortened from New Zealand Post, is a state-owned enterprise responsible for providing postal service in New Zealand. The New Zealand Post Office, a government agency, provided postal, banking, and telecommunications services in New Zealand until 1987. By the 1980s, however, economic difficulties made the government reconsider how it delivered postal services. For example, in 1987–1988, the postal division lost NZ$50 million. In 1985, the Labour Party government under Prime Minister David Lange launched a review, led by New Zealand Motor Corporation CEO Roy Mason and KPMG New Zealand Chairman Michael Morris, to find solutions to the Post Office's problems. In its final report, the team recommended transforming the New Zealand Post Office into three state-owned enterprises. The government in 1986 decided to follow the Mason-Morris review's recommendations, and passed through parliament the State-Owned Enterprises Act, which corporatised several ...
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Jim Anderton
James Patrick Anderton (born Byrne; 21 January 1938 – 7 January 2018) was a New Zealand politician who led a succession of left-wing parties after leaving the Labour Party in 1989. Anderton's political career began when he was elected to the Manukau City Council in 1965. After serving for five years as Labour Party president, Anderton successfully stood as the Labour candidate for Sydenham in Christchurch in . However, he soon came into conflict with the party's leadership, and became an outspoken critic of the Fourth Labour Government's free-market reforms, called Rogernomics. In April 1989, believing that Labour was beyond change, Anderton resigned from the party. As Leader of the Alliance and later the Progressive Party, he served as the 15th deputy prime minister of New Zealand in the Fifth Labour Government from 1999 to 2002 and as a senior minister in that government from 2002 to 2008. In 2010, he ran unsuccessfully for the mayoralty of Christchurch. Anderton retire ...
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Fifth Labour Government Of New Zealand
The Fifth Labour Government of New Zealand was the List of New Zealand governments, government of New Zealand from 10 December 1999 to 19 November 2008. New Zealand Labour Party, Labour Party leader Helen Clark negotiated a coalition with Jim Anderton, leader of the Alliance (New Zealand political party), Alliance Party. While undertaking a number of substantial reforms, it was not particularly radical compared to previous Labour governments. Overview The previous government, the Fourth National Government of New Zealand, fourth National government, had been in power since 1990. It was widely unpopular by 1999, with much of the public antagonised by a series of free-market economic reforms, and was bedevilled by weakness and instability. In the 1999 general election, the Helen Clark-led New Zealand Labour Party, Labour Party defeated the National Party easily, becoming the largest single party in the New Zealand House of Representatives, House of Representatives. Labour formed a ...
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Accident Compensation Corporation
The Accident Compensation Corporation (ACC) ( mi, Te Kaporeihana Āwhina Hunga Whara) is the New Zealand Crown entity responsible for administering the country's no-fault accidental injury compensation scheme, commonly referred to as the ACC scheme. The scheme provides financial compensation and support to citizens, residents, and temporary visitors who have suffered personal injuries. The corporation was founded as the Accident Compensation Commission on 1 April 1974 as a result of the Accident Compensation Act 1972. Its principal governing act today is the Accident Compensation Act 2001. As a Crown entity, ACC is governed by a board that is responsible to the Minister for ACC. Unlike most other Crown entities, it has its own dedicated ministerial portfolio, which since July 2020 has been held by Carmel Sepuloni. History The ACC has its origins in the Workers' Compensation for Accidents Act 1900, which established a limited compensation scheme for workers who had suffered inju ...
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Jim Bolger
James Brendan Bolger ( ; born 31 May 1935) is a New Zealand retired politician of the National Party who was the 35th prime minister of New Zealand, serving from 1990 to 1997. Bolger was born to an Irish immigrant family in Ōpunake, Taranaki. Before entering politics, he farmed in the Waikato area and was involved in Federated Farmers, a nationwide agricultural association. Bolger won election to Parliament in 1972, and subsequently served in several portfolios in the Third National Government. Following one unsuccessful bid for the party leadership in 1984, Bolger was elected as National Party leader in 1986. He served as Leader of the Opposition from 1986 to 1990. Bolger led the National Party to a landslide victory—the largest in its history—in the , allowing him to become Prime Minister on 2 November 1990. The Fourth National Government was elected on the promise of delivering a "Decent Society" following the previous Labour government's economic reforms, know ...
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State-owned Enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (economics), profit for the Government, government, control monopoly of the Private sector, private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of Profit (economics), financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs ar ...
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Jingoistic
Jingoism is nationalism in the form of aggressive and proactive foreign policy, such as a country's advocacy for the use of threats or actual force, as opposed to peaceful relations, in efforts to safeguard what it perceives as its national interests. Colloquially, jingoism is excessive bias in judging one's own country as superior to others – an extreme type of nationalism. (''cf''. Chauvinism and Ultranationalism) Etymology The chorus of a song by the songwriter G. W. Hunt, popularized by the singer G. H. MacDermott – which was commonly sung in British pubs and music halls around the time of the Russo-Turkish War of 1877–78 – gave birth to the term. The lyrics included this chorus: The capture of Constantinople was a long-standing Russian strategic aim, since it would have given the Russian Navy, based in the Black Sea, unfettered access to the Mediterranean Sea through The Bosphorus and the Dardanelles (known as the " Turkish Straits"); conversely, t ...
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Neil Finn
Neil Mullane Finn (born 27 May 1958) is a New Zealand singer-songwriter and musician who is known for being a member of Crowded House, Split Enz (which he co-fronted with brother Tim), and Fleetwood Mac. Finn rose to prominence in the late 1970s with Split Enz and wrote many of the band's most successful songs, including " One Step Ahead", "History Never Repeats", " I Got You", and "Message to My Girl". After Split Enz broke up in 1984, Finn founded Crowded House with Split Enz's final drummer Paul Hester in 1985 and served as the band's lead singer. The group achieved international success in 1987 when they released the single "Don't Dream It's Over", written by Finn. After Crowded House disbanded in 1996, Finn and his brother released two albums as the Finn Brothers, before reforming Crowded House in 2006. In April 2018, Finn joined Fleetwood Mac for their forthcoming tour that year. Finn has also recorded several successful solo albums and assembled diverse musicians f ...
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Jeremy Redmore
Jeremy Redmore is a New Zealand musician, singer-songwriter, producer and author. In his early career he rose to fame as the main creative force behind the band Midnight Youth. Since then he has released two albums as a solo artist as well as a music-themed children's picture book. Background Redmore was born in Auckland before receiving his education at Tauranga Boys' College and the University of Auckland. Music career Midnight Youth 2006–2012 Redmore started making an impact in New Zealand's music scene in 2006 after joining New Zealand rock band Midnight Youth. Their platinum-selling debut album The Brave Don't Run peaked at number 2 in the RIANZ New Zealand Album Chart and included two top 20, gold-selling singles, All On Our Own and " The Letter". The band won the Best Rock Album award, Best Group award and Best Engineer award at the 2009 New Zealand Music Awards as well as a Silver Scroll for the most-played song of 2009. In 2011 they released their second album ''W ...
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Credit Rating
A credit rating is an evaluation of the credit risk of a prospective debtor (an individual, a business, company or a government), predicting their ability to pay back the debt, and an implicit forecast of the likelihood of the debtor defaulting. The credit rating represents an evaluation of a credit rating agency of the qualitative and quantitative information for the prospective debtor, including information provided by the prospective debtor and other non-public information obtained by the credit rating agency's analysts. Credit reporting (or credit score) – is a subset of credit rating – it is a numeric evaluation of an ''individual's'' credit worthiness, which is done by a credit bureau or consumer credit reporting agency. Sovereign credit ratings A sovereign credit rating is the credit rating of a sovereign entity, such as a national government. The sovereign credit rating indicates the risk level of the investing environment of a country and is used by investors whe ...
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Midnight Youth
Midnight Youth were a New Zealand rock band formed in 2006. Their debut album, ''The Brave Don't Run'', was released in 2009 in New Zealand and Australia. The band subsequently toured and played festivals across Australasia, the United States and Asia. Their second and last studio album, '' World Comes Calling'', was released in October 2011. They played their last show on 2 March 2013. History Early beginnings Midnight Youth came together while at Rangitoto College in Auckland's North Shore with three members of the band playing together in New Zealand's high school Rockquest competition. Jeremy Redmore and Nick Campbell completed the group in mid-2006. The band released two independent singles, "Supernatural" and "A New Day", in 2007 and played opening slots for Incubus, OK Go and a re-formed INXS in their New Zealand shows. In 2008 they self-funded a trip to New York City to lodge and record with producer Terence Dover. With Hotbed Studios (vocals and bass) as their qu ...
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Standard & Poor's
S&P Global Ratings (previously Standard & Poor's and informally known as S&P) is an American credit rating agency (CRA) and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is considered the largest of the Big Three credit-rating agencies, which also include Moody's Investors Service and Fitch Ratings. Its head office is located on 55 Water Street in Lower Manhattan, New York City. History The company traces its history back to 1860, with the publication by Henry Varnum Poor of ''History of Railroads and Canals in the United States''. This book compiled comprehensive information about the financial and operational state of U.S. railroad companies. In 1868, Henry Varnum Poor established H.V. and H.W. Poor Co. with his son, Henry William Poor, and published two annually updated hardback guidebooks, ''Poor's Manual of the Railroads of the United States'' and ''Poor's Directory of Railway Officials''. In 1906, Lu ...
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