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Former Finance Minister Grant Robertson to leave Parliament and be replaced as Labour's Finance Spokesperson by Barbara Edmonds

Public Policy / news
Former Finance Minister Grant Robertson to leave Parliament and be replaced as Labour's Finance Spokesperson by Barbara Edmonds
Finance Minister Grant Robertson at Budget 2023
Finance Minister Grant Robertson enters the Budget 2023 lockup wearing Michael Cullen's old tie.

Former Minister of Finance, Grant Robertson has resigned from Parliament to take up a job as Vice Chancellor of the University of Otago and will be replaced by Mana MP Barbara Edmonds.

He said he was grateful for the privilege of being a Member of Parliament for 15 years, both as a minister and representative for Wellington Central.

“The chance to make a positive difference in the lives of New Zealanders in this way is not afforded to many people. I have given absolutely everything I have had to these roles, but now is the right time for me to move on to a new set of opportunities and challenges”. 

Robertson has been a MP since 2008 and held the Wellington Central electorate until the previous election. 

Prior to politics he was a NZ diplomat, with a stint posted to the United Nations in New York, and helped design Labour’s interest-free student loan policy ahead of the 2005 election. 

He served as deputy leader under David Shearer and unsuccessfully ran for the party leadership twice. He was Finance Minister for six years and Jacinda Ardern appointed him deputy Prime Minister after the 2020 election. 

In a statement, he said he was fortunate to serve with Ardern and Hipkins and had “huge admiration for how they performed their roles”. 

“I know I leave a Labour Caucus in good heart, with strong leadership and a clear focus on the issues that matter to New Zealanders,” he said. 

Robertson was widely expected to resign if the Labour party lost the 2023 election, but he opted to stay on while the party transitioned to opposition. 

In October last year, he said that would stay for at least some “months” but would “make assessments” throughout the term.

The long-time Labour MP will leave Parliament in late March and start at Otago University in July. 

He delivered six budgets and introduced legislation to reform the Reserve Bank, most of which will survive the change in Government.

Former New Plymouth MP Glen Bennett will take his place on the list, while senior MP Barbara Edmonds will take over the finance spokesperson role. 

She was a specialist tax lawyer and policy advisor—for both the National and Labour parties—prior to entering Parliament in 2020 as the MP for the Mana electorate. 

For a short time, she served in Cabinet as Minister of Revenue and has also held the Economic Development, Internal Affairs, and Pacific Peoples portfolios.

Labour leader Chris Hipkins said she was a “formidable Parliamentarian with experience across nine portfolios”. 

“Barb is not only incredibly clever with a broad knowledge-base, she also has the interpersonal skills to work with people from every background across all sectors… she will be a fantastic finance spokesperson and I’m looking forward to working closely with her in this role,” he said in a statement. 

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Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.

98 Comments

He will be a great loss to education in New Zealand.

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In his political career, Grant Robinson will be remembered as a skilful, innovative and pragmatic finance minister - perhaps the best the country's ever had?? 😇

Deserves a knighthood - and will likely receive one. 🎖

TTP

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"..perhaps the best the country's ever had?? "

Yeah, nah. That's Roger Douglas 

(PS, you forgot the /sarc/)

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🤮

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“The chance to make a positive difference in the lives of New Zealanders in this way is not afforded to many people. I have given absolutely everything I have had to these roles, but now is the right time for me to move on to a new set of opportunities and challenges”.

The right time was 2017. NZdrs are still waiting for the "positive difference" because his "everything I have" proved to be a disaster.

https://laboursfailures.com/

 

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He made a very positive difference in my life.  My houses went up 56% in value under his tenure.  Thanks Grobbo!

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17

True, I had 2 owner occupied houses (one sold in 2020), both increased over 50% since 2017:)

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10

A friend of mine bought a piece of land which he sold in late 2020 and made squillions. The friend is now retired and enjoying life while I struggle with a daily work routine :(

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Enjoy it while you can… the RBNZ will claw it all back (+interest) over the coming years.

There’s no free lunch.

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oh yeah there was a free lunch for people that swapped froth for value at the top !!!!

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Yes true, not so lucky for the FHB’s left dangling by their pinky fingers on the first rung!

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1

Prattle & rattle. Believe this puts him back where he started his ascent, the students union etc. Certainly well versed and successful in using the building blocks of bureaucracy for himself. In fact that really sums him up as a successful bureaucrat and to that end, he is still enduring.

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Prattle & rattle. Believe this puts him back where he started his ascent, the students union etc. Certainly well versed and successful in 

I was present the day he shouted down Roger Douglas and Robbo and his goons chased Douglas off campus resulting in one of them being run over. 

Little more than a performative clown show.  

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13

Coffee spit all over the water cooler. But should anyone be surprised about Robbo's 'descent from heaven' into some high-paying role where you can expect that he won't be ultimately accountable for much? Would be quite interesting to know the recruitment process and who he was up against. Sure, he did some kind of 'restructuring' project for the NZ Student Union Association, which will be recognized as 'related experience' for this role. But just another example of failure celebrated with an undeserved golden handshake. 

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25

Did a bit more than that for the students. As above, the deviser and fixer of the interest free student loans that was just enough of a vote bribe to result in Clark’s government not being ousted by Brash.

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I don't know, but if he was, I am all for interest-free student loans. So if was responsible, all power to him to get it over the line. You could also have applied 'negative gearing' to student loans given that education is supposedly an investment in NZ. 

I would not be surprised that the intro of interest-free student loans was a vote bribe under Hell-en's reign.   

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5

Going before the reality of the 2024 Budget paints him to be NZ's most reckless Finance Minister ever.

 

 

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31

Life isn't fair aye.

Screw up the country by spending billions with no material improvement in anything.

Then end up with a cushy job. That's NZ for ya.

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40

We got through Covid pretty well, had 5.5% GDP growth in 2021, 2.4% in 2022 and 1.3% in 2023. Before Covid there was also good GDP growth. 

National are spending the same amount as Labour were, what are we getting?

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That website attributes a number of problems that weren't even the fault of the Labour govt that it just comes off as grasping at straws to anyone who doesn't blindly support the other side. You don't even have to read past the first line to see that (Labour was the cause of a recession in 2020?). I doubt you or the creator of that website would hold the other side accountable to the same standard.

Pushing the same rhetorics while helping further division in the country and with the other blind supporters patting you on the back and giving you a thumbs up does nothing to further meaningful discussion. Not on this website or in real life. But I'm sure that won't stop you.

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We got through Covid pretty well, had 5.5% GDP growth in 2021, 2.4% in 2022 and 1.3% in 2023. Before Covid there was also good GDP growth. 

Real GDP per capita growth has been abysmal compared to other countries and so are IMF forecasts. 

https://croakingcassandra.com/2023/10/11/a-few-snippets-from-the-imf-we…

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Thanks. Even an ass like me knows the GDP figures are a farce and the ‘growth’ was driven by immigration.

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What makes the University of Otago think he's going to be an asset? Genuine question.

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His experience in budgeting I imagine.  All Unis are under severe budgetary pressures.  Gotta be able to work a balance sheet.

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the irony is not lost...

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Connections. Lots of them. Chancellors get their students access to lots of people for study and question answering, and jobs. And other academics will think about Otago as a place to pick his brain.

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Can't think of a thing Mr Frank.  And especially when Otago University is rudderless in financial crisis.  Possibly the worse appointment they could have made.

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Sure is an eye-roller decision.

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Not much immigration over most of those years, remember when the borders were shut? 2023 is a different story of course. 

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GDP grew by reason of the billions pumped into the economy by Orr and Grobbo. None of it was real, and all we ended up with was astronomical house prices and inflation.

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A lot of the growth pre-covid was the product of the previous National Government’s efforts. A case in point the building boom in Auckland that started picking up in 2018 off the back of the Unitary Plan and Special Housing Areas.

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Special Housing Areas...what a farce. Imagine keeping so much land under NIMBY prevention from development that you celebrate a couple of wee blocks where more building is allowed. Highlights the ridiculousness of our restrictive bureaucracy.

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It's a club, and neither you nor I are in it.

 

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I do not know the secret handshake either (though I could google it and always notice it).

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if nz was doing great, how come Labour lost election? 

plus, if National spending the same amount of money, National is spending way less than labour did, re: INFLATION!

 

 

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Wow Labour was truly a disaster for the country, don't let the door hit you on the way out.

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32

It's a golden door. If he hadn't got this job he could have applied to be Chair of Fletchers, or maybe even CE! He's just as qualified for that as VC.

The schadenfreude will be strong with this one if as VC he falls afoul of the student unions.

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not a fan of these politicians that campaign for reelection ... then quit

Bugger off before an election if your planning on quitting

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He may not have quit if they won. 

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Not good enough

Winning is never a given, so if you dont want to commit to being in opposition, bugger off

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Why does it matter, NZ didn't want him to run the country. Why stick around for 3 years sucking off the teat and then and give the new person no time to take the role on?

I agree with you if he was elected (although even then life circumstances can change)

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Either

1) opposition MPs achieve very little

2) or they are valuable but he couldnt be bothered

Dont buy the Life circumstances can change - this is becoming the norm not the exception

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Bill English after he lost too

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A good opposition is an asset to the country both politically and economically.

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Agree.  Maybe he had no intention on running for the next election?  I.e. if he won he would have stuck at it for 3 years and then stood down prior to/at the next election.  

Since he didn't win, all he would be doing is sucking off the teat.  

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15 years an MP. His departure/retirement package will be much more than ordinary Kiwis could dream of getting.

But to be fair I think he might have had the right idea when I heard him say during a speech; "Real jobs for everyone, everywhere" (or something like that). If that was his aspiration, I would be curious why he didn't have a plan on how to make it work, or if he did, what was it and why didn't it get implemented?

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"His departure/retirement package will be much more than ordinary Kiwis could dream of getting" - why wouldn't it be? 

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You're not surprised that MPs pad their own pay and retirement benefits? 

People moan and groan about beneficiaries in NZ but the beneficiaries who rip the country off the most are ex- MPs who served nine or more years.

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I'm not surprised that MPs get better pay and retirement than the average Joe, just like I am not surprised that C level execs get better pay and retirement than the average Joe. The average Joe couldn't do their job.

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You're being too extreme. I suggest that MPs pay should be bench marked against pay scales in the community. Back benchers start at $160 K but don't do anything other than what they are told. Don't tell me that job is hard. True they need a few clues to do the job, but so do very many jobs in the community, including in government departments, especially on the frontlines. None of those jobs get paid at that level.

And the retirement benefits? How can they be justified?

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I couldn't do their job. I wouldn't be able spout the endless that is require to be in politics.  Maybe their pay should be linked to that of real estate agents?

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Possibly because we are still in the age of neoliberalism and the extent to which Governments can move is controlled by big business/corporations.

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"If a Socialist falls in the forest and no one is around to hear it, Is Capitalism still unfair? "

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This exit strategy was planned a year ago when he moved from being the electorate mp to Labours list after he lost Jacindas protection.

https://www.rnz.co.nz/news/political/483193/grant-robertson-goes-list-o…

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A sizeable gutting of the senior  ranks since PM Ardern quit just over a year ago. Starting with Nash and leading then to  Davis, Little, Mahuta and now Robertson and likely, soon Hipkins himself. This is a large clean out but at this stage it is looking at least more orderly than National’s collapse post 2017. Labour now needs to change its body, not just its clothes as the electorate, rightly or wrongly, will still be suspicious of the division in its ranks which spilled out most alarmingly under the undue influence of its Maori caucus and resultant policy, being little short of racial selectivity. Suggest a good bellwether of that, will be the future status of Mr Jackson.

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Little, Davis and Robertson retired after being elected (Little electing not to take his list seat). Nash didn't contest the election and Mahuta lost her seat, not being on the list.

So Mahuta is the only non-voluntary retirement in that crop of senior MPs.

Prediction for 2026: Contested by McAnulty and Edmonds. Parker having retired after losing leadership bid.

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Ginny Anderson is ruthless enough to be in the mix

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She has been well  conditioned to the mantra prevalent in the last government of considering that if you say it, it must then be true because you have said it, and everybody else better believe it too. This remarkable nothingness was portrayed by the like of PM Ardern time after time. Until she descends from that sublime elevation of self belief, she will simply have no credibility.

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Love to see an unbiased critique of this guy. My uneducated opinion is he was pretty dam useless. QE was too much, too late. Wage subsidy was largesse without strict eligibility criteria. Don’t get me started on his last budget….Disclaimer-zero formal accounting or economics study.

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I felt he understood the need for tax reform in this country. He could grasp the systemic unfairness of the current system. Unfortunately the more populist elements of the Labour party prevented any material change.

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Yes. Not only the unfairness/inequity - but also well understood the need to raise more, not less revenue.

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I think he wanted a cap gains tax... even tho a right voter I think it should have happened 20 years ago

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I thought Vice Chancellors were supposed to have academic repute, gravitas etc, who appointed this guy??

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That's the Chancellor - the VCs are more an operational role. as I understand it.

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"Disclaimer-zero formal accounting or economics study"

Thought you were talking about Grant there...Grant Robertson - Wikipedia

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Or Nicola ?

Her first job was as a cashier and server at a Wholly Bagel Café in Wellington, later working in retail stores selling clothing.[7]She graduated with a first-class honours degree in English literature from Victoria University of Wellington in 2003,[8] and a post-graduate diploma in journalism from the University of Canterbury in 2017.[9] She was a member of the Victoria University Debating Society, competing in international tournaments.After graduation, she worked as a research and policy advisor for Bill English and as a senior advisor to John Key in 2008.[10] In 2012, Willis joined dairy co-operative Fonterra in a lobbyist role.

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Makes her the ideal candidate as Minister of Finance.  

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From $175k a year as a MP to $750k a year as VC. 

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5

No wonder Universities are struggling.

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Maybe they need to give a bit more to people down the chain. Applied for a technician in the NZ education system and it barely got on the bottom of the page in terms of perceived importance in the good old company hierarchical structure. The pay was so bad it was almost laughable, had to say sorry its not the job for me. I was told during the interview "We don't work here for the money, we work here for the vibes".

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My first job was as a uni tech, then department tech at Uni cant eng dept, within 12 months I was in Auckland IT contracting ..... on about 10 times the salary....    no one works at uni for the salary

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Is that the salary for the VC of Otago? That's too much.

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They have to compete with the private sector, where way to high salaries for not doing much abound.

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Really, who is getting paid $750k for not doing much in the private sector?

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Most Fletchers senior management.

Most of Fonterra seniors perhaps..

Synlate, maybe not so much..

Spark, averaged. 

Probably some ASB and Simplicity senior folk?

Other banksters once you take share holdings or bonuses into account. 

Investment outfits like Craigs perhaps?

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Well, not on $ 750 k , but I can see in some of our suppliers , they have added management staff , and service has got worst .  Simple tasks like fulfilling an order fall through the cracks , because there are 3 or 4 people that are doing the job one person used to do . End result is they all think the other person is doing it . 

Head office putting product on a sale one month , then blasting salespeople for low sales of that product next month.  

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The VCs in Australian Universities are on $1M-$1.5M.  I suppose we should be grateful that he's getting only half of that.  Then again, he might have negotiated an even higher salary since he's a "name" appointment.  But $750k is what other VCs like Auckland are being paid.

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And that ladies and gentlemen tells you all you need to know about why he quit.

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Steve Maharey went from Labour to VC of Massey too

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I never really understood how he planned to achieve what he was trying to sell.

At least Bill English seemed to be open to writing the cheques so to speak if the business case stacked up.

But Robertson's 'well being' approach was just too wishy washy to be measureable.

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Otago University has been in financial crisis but is now firmly screwed. It will take them 50 years to recover from Robertson.

Who are the mad people who appointed him?

The biggest borrower,is not the person to handle your debt crisis.

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A contender for worst finance minister in the last 50 years.

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Its even worse ... Ardern credits Robertson with her journey to becoming an MP.

 

 

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National seem to never understand the numbers till they get in power, regardless of how much they are informed. Fully costed tax cuts you can take to the bank turn into tough choices required. You could argue it is either incompetence or malice on their part, but I never heard Grant Robertson flip flop to that degree.

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Back to the safety of academia

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The soothing balm of a large salary, little responsibility or accountability and absent any anxiety over a rentrenchment.

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Will Barbara Edmonds be up to cooking the books ?

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Ohhh, that's a good one!

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Scott Galloway turned me on to how tertiary education cost has been blown out of proportion and reach by administration. It's one of the most crucial issues in the English-speaking economies for younger generations and a reason why many are so tapped out with debt.

Very good MSM read.

As college costs continue their decades-long climb, pushing U.S. student loan debt to nearly $1.8 trillion and counting, rising administrative costs are likely to contribute to higher costs for students.

The central mission of higher education is teaching, but in recent years administration has enlarged as a share of institutional spending. Some observers and researchers who promote greater financial transparency and accountability in higher education are concerned that growth in professional nonteaching positions is generally outstripping faculty hiring, even as student enrollment declines.

https://www.usnews.com/education/articles/one-culprit-in-rising-college…

 

  

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Great news, he should have resigned in 2017 !!

The article in a nutshell, Labour party is a mess, Robertson jumps ship.

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Universities in the angloshere have done inordinate damage to our society in general, our relationships in particular & contributed copious amounts of debt to the tertiary types. The really sad part is that today's young adults emerge from university with absolutely no idea how the real world works, nor do they have any desire to learn such things. Sigh. As for the very expensive tertiary administrators, this is where woke comes from.

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I was recently made redundant from a clinical teaching position at a university.  Our unit was costing too much to run, so rather than implement suggestions which would have improved its financial performance, it was shut down to save money.  The level of training given to the next batch of health professionals in that particular discipline was seriously degraded as a result.

 

On the up side, the uni has a nice new logo which only cost half a million. 

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Hippy looks dead man walking

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Might have been wearing Cullens tie but that's where the similarity ends.Robertson doesn't have any of the financial savvy or constrant Michael Cullen had.

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Yeah it was hard to hate his financial ability,  Hellon had control over the Maori MPs (seabed hence the formation of the Maori Party) , JA and Robbo did not,   now when do the disallusioned Maori politicians inside Liebour spit the dummy and leave to form there own Maori Workers Party ( that will have a lot of non worker support).     labour will rip itself apart of the next few terms......

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From the always insightful Robert MacCulloch

What is this game of former members of parliament getting jobs they are not qualified for? What kind of message does it send our young people studying hard at school and in tertiary institutions? It doesn't matter how much you study or how smart you are? Better to become a politician if you want the top job at a University paying $500,000? Research is a waste of time? It's who you know not what you know if you want status and to earn big bucks? If you know people in Wellington then people will employ you hoping you can use your networks there for them? We're no longer a meritocracy? The University of Otago Council should resign. The whole lot of them.

https://www.bassettbrashandhide.com/post/rob-macculloch-vice-chancellor…

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"Why are you retiring from politics at the countries biggest hour of need Grant"

"The war in Ukraine, wait, no, covid, we're doing better overseas yes that's it yes"

Good riddance robbo, you showed your true colours under the pump and that was to abscond from all responsibility, and inflate your ego and image at the expense of the average kiwi punter that were the ones that 'allowed you the opportunity' to be in the position of responsibility you had. Plundered left and right from the Covid emergency fund for pet projects and now you get to walk off into a cushy sunset retirement package and anew role while so many others struggle with the ramifications of your lack of fortitude. Enjoy your victory dinner with your old pal Orr, venison or export lamb and caviar is it?

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