Tag Archives: +$650M council consolidated debt

Sue Bidrose, DCC chief executive

Sue Bidrose 3 [dunedintv.co.nz] whatifdunedin

Channel 39 imagines that the city council’s finances have been “put in order” – proof the station isn’t investigative or breathing oxygen.

### dunedintv.co.nz December 24, 2013 – 2:05pm
Sue Bidrose
The Dunedin City Council had some turnover at the top late this year, after chief executive Paul Orders announced he was moving back to Wales after a two year stint. Orders’ time at the top was widely acknowledged as a period in which the council’s finances were put in order. The search to replace him resulted in a promotion from within.
Sue Bidrose took on the role in charge of more than 600 staff who run everything from rubbish collection to civil defence to economic development.
She came into the studio for a chat with chief reporter David Loughrey on subjects from motorbikes to stadiums to public service.
Video

Posted by Elizabeth Kerr

*Image: dunedintv.co.nz – Sue Bidrose, screenshot (re-imaged by whatifdunedin)

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Newspaper errs . . . #Dunedin #Elections

Post updated 24.12.13
This link and content has been removed from ODT Online:

Opinion: DCC councillor report cards
http://www.odt.co.nz/news/dunedin/274117/opinion-dcc-councillor-report-cards

Received.
Sunday, 22 September 2013 12:03 p.m.

Election hoardings 1

—— Forwarded Message
From: Lee Vandervis
Date: Sun, 22 Sep 2013 12:01:03 +1200
To: EditorODT , NICHOLAS GEORGE S SMITH, “Julian. Smith”
Cc: Chris Morris
Conversation: A reporter’s ranting ratings! – Letter to the Editor
Subject: A reporter’s ranting ratings! – Letter to the Editor

Letter to the Editor.

A reporter’s ranting ratings! – on voting-papers-weekend!

Dear Editor,

With two pages of a reporter’s ranting ratings! on Councillors, the ODT has emotively screwed with voter preferences just as their voting papers arrive.
For the Mayoralty the ODT has again backed a TV-show-pony instead of a work-horse.

Where was Saturday’s headline ‘Cull falsely claims saving ratepayers $100+ million’ when the ODT knows he tried costing us that $100+ million in 2012 to disguise a double digit rates-rise? *
Where is the headline ‘Imaginative and informative election posters from Vandervis’?

You have helped buy a Stadium that we can not pay for, neither capital nor operational, and failed the only candidate that told you so and still might have been able to pay for both.
You are sending our new CEO saviour in search of a saner situation.
You have, in this most important ODT issue of the triennium, taken the Dunedin disease of savaging style over substance to new debilitating depths.
You have permanently compromised any perceived impartiality of your primary DCC reporter, and warned off any decent future DCC candidates.

Winchell’s fate awaits you.

Cr. Clydesdale Vandervis

[“Walter Winchell – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Walter_Winchell
You know what Winchell was doing at the end? Typing out mimeographed sheets with his column, handing them out on the corner. That’s how sad he got.”]

* “Mayor Dave Cull said he was “vehemently opposed” to repaying the debt over 40 years, because of the interest it would add to the bill, but would support it in the meantime to keep rates down.” [ODT 26 Jan 2012]
—— End of Forwarded Message

Posted by Elizabeth Kerr | in the interests of health and safety in the social and built environment at Dunedin [townscape] —mind the curve

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World economy explained with two cows

[Almost no-one dares mention the name of the former CFO in the definition of Venture Capitalism for reasons that the bovine defendant “has a fiduciary duty to his fellow members of council” and the council has been required all the while to collect higher taxes.]

Received.
Monday, 22 July 2013 9:46 p.m.

Two cows (crop)

SOCIALISM
You have 2 cows.
You give one to your neighbour.

COMMUNISM
You have 2 cows.
The State takes both and gives you some milk.

FASCISM
You have 2 cows.
The State takes both and sells you some milk.

BUREAUCRATISM
You have 2 cows.
The State takes both, shoots one, milks the other and then throws the milk away.

TRADITIONAL CAPITALISM
You have two cows.
You sell one and buy a bull.
Your herd multiplies, and the economy grows.
You sell them and retire on the income.

VENTURE CAPITALISM
You have two cows.
You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows.
The milk rights of the six cows are transferred via an intermediary to a Cayman Island Company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company.
The annual report says the company owns eight cows, with an option on one more.

AN AMERICAN CORPORATION
You have two cows.
You sell one, and force the other to produce the milk of four cows.
Later, you hire a consultant to analyse why the cow has died.

A FRENCH CORPORATION
You have two cows.
You go on strike, organize a riot, and block the roads, because you want three cows.

AN ITALIAN CORPORATION
You have two cows, but you do not know where they are.
You decide to have lunch.

A SWISS CORPORATION
You have 5,000 cows. None of them belong to you.
You charge the owners for storing them.

A CHINESE CORPORATION
You have two cows.
You have 300 people milking them.
You claim that you have full employment and high bovine productivity.
You arrest the newsman who reported the real situation.

AN INDIAN CORPORATION
You have two cows.
You worship them.

A BRITISH CORPORATION
You have two cows.
Both are mad.

AN IRAQI CORPORATION
Everyone thinks you have lots of cows.
You tell them that you have none.
Nobody believes you, so they bomb the crap out of you and invade your country.
You still have no cows but at least you are now a Democracy.

AN AUSTRALIAN CORPORATION
You have two cows.
Business seems pretty good.
You close the office and go for a few beers to celebrate.

A NEW ZEALAND CORPORATION
You have two cows.
The one on the left looks very attractive.

A GREEK CORPORATION
You have two cows borrowed from French and German banks.
You eat both of them.
The banks call to collect their milk, but you cannot deliver so you call the IMF.
The IMF loans you two cows.
You eat both of them.
The banks and the IMF call to collect their cows/milk.
You are out getting a haircut.

AN IRISH CORPORATION
You have two cows
One of them’s a horse!

[ends]

Posted by Elizabeth Kerr

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