Wow, I go away for a few days without access to the Internet and a lot happens. A few stories that caught my attention this evening while catching up on the news...
AIAL bid gets rejected. No surprises there. But I was surprised to read that the Canadian Pension Plan had accepted the decision and decided not to judicially review. I guess they only pursued it this long to see out what they had started and were probably quite glad to get an excuse to leave after the global downturn. Also no surprises to see Labour capitalising on the foreign xenophobia, according to John Armstrong:
"Despite shareholders missing out on a cash windfall, Labour argues that theThe ends justifies the means. In other words "As well as wiping value off a private company and denying investors a chance to realise a premium over that value, Labour decrees that the public denial of a foreigner purchasing a large, but still minority (and no where near control), stake in said private company demonstrates to voters that Labour was right all along in denying a public bid for a foreign minority stake and that voters cannot be trusted to act in the best interests of the Labour party".
retention of the airport in New Zealand hands is ample demonstration to voters
of the benefits of hands-on economic management."
David Tu'a backs Taito Phillip Field. Surprise as to why this is news. What qualifications does Tu'a have to say whether Field was involved in corruption or not? Tu'a was hit in the head for a living, and said:
"he did not know much about the legal issues Field was facing".I fail to see why this is news.
A number of articles on Opes Prime. It really is a fascinating saga, with riches, Mafia, fraud and negligence all wrapped around in it. I hope to blog more about this when I have digested the current developments. In the meantime:
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