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Crony Capitalism...

PostPosted: Mon Feb 16, 2015 12:04 pm
by Screw
Whilst I have little liking for Matt Hooten his report on the Sky City Deal is very accurate!

There is a similar spectacle as SkyCity’s [NZX: SKC] Nigel Morrison takes apart Steven Joyce in the standoff over the proposed National Convention Centre but with a difference. Unlike Mohammad Nabi’s valiant qualifiers, Mr Joyce’s botulinum-grade arrogance is making the debacle worse.

Mr Joyce genuinely believes his commercial background consolidating provincial radio stations makes him a match for Mr Morrison’s quarter century of experience in the Asian and Australasian gambling industries.

The SkyCity team is laughing at him the way Kerry Packer laughed at Alan Bond over Channel Nine and Toll Holdings laughed at Michael Cullen over KiwiRail.

Despite having no experience in the procurement and management of half-billion-dollar construction projects, Mr Joyce and the prime minister’s chief of staff, Wayne Eagleson, took it upon themselves to deal directly with SkyCity over the terms of the convention centre contract and the associated regulatory-relief package.

The Auditor General's report on it is here: ... ion-centre


Re: Crony Capitalism...

PostPosted: Mon Feb 16, 2015 5:16 pm
by aardvark_admin
And to think... Hooten has been a very strong supporter of the right so for him to start bitching, something must be VERY wrong with what the Nats are doing.

Re: Crony Capitalism...

PostPosted: Mon Feb 16, 2015 8:16 pm
by Screw
I agree Bruce, something is rattling Hooten's cage!