The Dim-Post

February 24, 2010

Non-story of the day

Filed under: Politics — danylmc @ 7:09 am

The Herald follows up The Standards scoop:

Yesterday blogsite revealed Foreign Affairs Minister Murray McCully held shares in Widespread Portfolios, a New Zealand investment company with mining interests at home and overseas.

The Government is drawing up a discussion document about the prospect of mining in parts of the conservation estate.

Yesterday Mr McCully downplayed the significance of the shares, saying he had tried to sell them and would continue trying to sell them.

“They’ve been in my hands since about the year 2000. I declared in them in the appropriate fashion, there are a total of 184 shares and their market value is approximately $31.63.

I don’t doubt our Foreign Minister’s principles are for sale but I venture they’d cost a bit more than $31.

It’s a shame that the mainstream media keep following up silly blog stories like this and Chris Carter’s ferry ride instead of looking into Idiot/Savants allegations around the appointment of government lackeys to the Human Rights Tribunal.


  1. To be fair, the dompost has had a story on the appointments.

    It’s farcical – appointing a shameless bigot to a human rights tribunal.

    Comment by Knight — February 24, 2010 @ 7:21 am

  2. Surely the whole point of a human rights tribunal is to ensure fair and equal treatment for all.
    “Shamelss bigots” are people too.

    Comment by Barnsley Bill — February 24, 2010 @ 7:53 am

  3. Actually, BB, the point of the HRRT is to hear appeals in relation to the application of a particular statute, the Human Rights Act, which has a list of prohibited grounds of discriminations. Unless you equate “shameless bigot” with “religious belief” (there is some overlap, clearly, but they’re not the same thing), said bigots aren’t listed.

    Comment by Eddie C — February 24, 2010 @ 7:59 am

  4. Isn’t it obvious that the govt is investigating mining simply to push up the value of McCully’s shares… disgraceful…

    Comment by Sam — February 24, 2010 @ 8:17 am

  5. To be fair, the blogs are lapping up the fact that a lot of their stories are running almost verbatim….. I’m not looking at anybody Red Alert….


    Comment by Paul McBeth — February 24, 2010 @ 8:29 am

  6. Monteiths seems to be behind a lot this.

    Comment by Neil — February 24, 2010 @ 9:38 am

  7. The problem with this is that the shares may be only worth $31 *now*… but imagine how much they’ll rocket in value once they start digging up Mt Tongariro! They could easily triple in value.

    Comment by James — February 24, 2010 @ 10:33 am

  8. Actually I did do the HRRT story two and a half weeks ago – and I believe NZPA may have also covered it as well as I distinctly remember giving a certain journalist (potentially known to you) the OIA documents after I’d finished with them.

    Comment by felix marwick — February 24, 2010 @ 10:56 am

  9. i assumed the shares were worth $31 each. the minister could buy a very nice second-hand car if those shares triple.

    Comment by Che Tibby — February 24, 2010 @ 11:27 am

  10. Nah, shares are 17c each currently according to their website.

    Comment by garethw — February 24, 2010 @ 11:37 am

  11. Intriguingly they claim a pretty damn solid 30% annual growth rate in their share price over the last 10 years (period that McCully has held them for) – so perhaps we should be asking why McCully invested what must have only been about $3 in 2000? Oddness (but no Mr Goff, not a VRWC)

    Comment by garethw — February 24, 2010 @ 11:52 am

  12. suspect he’s been moving them slowly. that, or there is something we aren’t hearing.

    both are likely.

    Comment by Che Tibby — February 24, 2010 @ 12:08 pm

  13. Intriguingly they claim a pretty damn solid 30% annual growth rate in their share price

    It’s not clear to me if that’s just the growth in nominal price per share, or includes dividend payments.

    Comment by Phil — February 24, 2010 @ 1:13 pm

  14. In breaking news sources say Auckland MP’s hold Vector shares suspected of spruiking fast reactor technologies for corrupt French supplier.

    Comment by expat — February 24, 2010 @ 1:44 pm

  15. Comment by Neil — February 24, 2010 @ 2:42 pm

  16. Since when has anyone trusted/believed anything McCully has ever said?

    Comment by peterlepaysan — February 24, 2010 @ 9:01 pm

  17. uncalled for film review –

    Shutter Is, really not worth seeing. Maybe could work as teen/thriller/what is reality??? but wants to be more.

    looking forward to Men Who Stare At Goats. Funny script, a bit Coen Bros and with Clooney.

    Comment by Neil — February 24, 2010 @ 9:56 pm

  18. Since when has anyone trusted/believed anything McCully has ever said?

    Um, the big “scoop” from the Standard arose because McCully made an entirely accurate disclosure statement to the Register of Pecuniary Interests. Next, I guess, we’re going to be told that every member of Parliament has a pretty glaring conflict of interest in tax legislation.

    Comment by Craig Ranapia — February 25, 2010 @ 1:55 am

  19. i read shutter island when i needed a page-turner at the airport one time.


    Comment by Che Tibby — February 25, 2010 @ 7:56 am

  20. I was slightly surprised as it’s had good reviews. but as well as a poor story Scorsese did a poor job. It looked terrible and a lot of the acting was bad, even from DeCaprio. Dennis Lehane i a bit over rated at the moment.

    Comment by Neil — February 25, 2010 @ 8:45 am

  21. Try reading “The Licensee”, an ‘easy reading’ Glaswegian crime novel that has all the dialect spelled oot yin loocul daelact, what a head fuck.

    Comment by expat — February 25, 2010 @ 9:24 am

  22. i freaking hate it when they do that.

    “feersum enjun” gave me the screaming shits.

    Comment by Che Tibby — February 25, 2010 @ 9:46 am

  23. and a lot of the acting was bad, even from DeCaprio [sic]

    I’m pretty sure DiCaprio can’t act. Any time he turns up in a film, it’s DiCaprio you get rather than the character he is supposed to be playing.

    Comment by progger — February 25, 2010 @ 2:23 pm

  24. I thought he was too good as Captn. Jack Sparra

    Comment by expat — February 25, 2010 @ 2:50 pm

  25. The mainstream media is basically pro-National. If they can class a story is boring (like the political complexion of HRT appointments), then they will use that excuse not to cover it.

    It’s only if a story has legs, such that they’ll look silly if (e.g.) TV1 or the Dom Post has it and the Herald don’t, that they’ll be forced to cover it.

    So if you’re about attacking the government, then finding such stories is the way to go, even if they are basically a beat up.

    If you don’t want to attack the government and want to offer fair and balanced commentary, then fair enough, don’t write about such things.

    Comment by Rich — February 25, 2010 @ 3:16 pm

  26. Does that make them basically supportive of Labour as well?

    NZs’ MSM, the bra of Australasian media.

    Comment by expat — February 25, 2010 @ 4:54 pm

  27. I prefered Depp as Sparrow (“Sparra”) me self.
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    Comment by Clunking Fist — February 25, 2010 @ 4:56 pm

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