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    • Robotics team wins big in international competition October 16, 2018
      University robot rolls into the winner’s circle at international competition. BONNIE MOSEN reports. The post Robotics team wins big in international competition appeared first on NewsWire.co.nz.
      Bonnie Mosen
    • Blind patrons catered for at Nutcracker performances October 16, 2018
      The Nutcracker ballet will offer audio description to blind audience members. BONNIE MOSEN reports. The post Blind patrons catered for at Nutcracker performances appeared first on NewsWire.co.nz.
      Bonnie Mosen
    • LISTEN: New Zealanders like their internet without limits October 15, 2018
      Broadband use is rising rapidly In this country. LEAH TEBBUTT reports. The post LISTEN: New Zealanders like their internet without limits appeared first on NewsWire.co.nz.
      Leah Tebbutt
    • LISTEN: Calls for change to benefit system October 15, 2018
      The Green Party wants an overhaul to the benefit system. LEAH TEBBUTT reports. The post LISTEN: Calls for change to benefit system appeared first on NewsWire.co.nz.
      Leah Tebbutt
    • Benefit system failing the most vulnerable October 15, 2018
      Green Party are changing the benefit system. LEAH TEBBUTT reports. The post Benefit system failing the most vulnerable appeared first on NewsWire.co.nz.
      Leah Tebbutt
    • Rainbow crossing a small step in the right direction October 15, 2018
      Members of the rainbow community say Wellington’s new rainbow crossing is a sign of visibility and pride for the capital. The crossing which was officially opened last week was a collaborative effort between the Wellington City Council and the rainbow community. Support group, Inside Out’s national coordinator, Tabby Besley says the crossing is important for […]
      Leah Tebbutt
    • On yer bike! October 15, 2018
      The post On yer bike! appeared first on NewsWire.co.nz.
      Jayden Tamarua
    • WATCH: Cats Protection League needs your help October 15, 2018
      Cashless society is bad news for Cats Protection League. COURTNEY DAY reports: The post WATCH: Cats Protection League needs your help appeared first on NewsWire.co.nz.
      Courtney Day
    • PHOTO ESSAY: Colourful crossing opened October 15, 2018
      A colourful street party marks the official opening of Wellington’s new rainbow crossing. MOLLY HANCOCK documents the occasion. The post PHOTO ESSAY: Colourful crossing opened appeared first on NewsWire.co.nz.
      Molly Hancock
    • LISTEN: Fun day highlights homelessness October 15, 2018
      A community fun day helps raise awareness on World Homeless day. NIKITA RAWNSLEY WRATT reports. The post LISTEN: Fun day highlights homelessness appeared first on NewsWire.co.nz.
      Nikita Rawnsley-Wratt
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Goldman Sachs speak out on proposed CFTC regulation

Reuters has a story in which Goldman Sachs chief financial officer David Viniar says the bank’s energy trading is hedging and should be exempt from proposed U.S. government limits on the volume of contracts that speculators can trade. READ HERE

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Learsy questions banks over role in oil speculation

Raymond J. Learsy, scholar and author of the Over a Barrel: Breaking Oil’s Grip on Our Future, has written an interesting piece in the Huffington Post that’s worth a read.

In his piece, Learsy looks at how investment banks turned bank holding companies like Morgan Stanley and Goldman Sachs have used the Tarp fund and other taxpayer bailout money from the U.S. Federal Reserve Bank and Treasury to speculate heavily in oil markets instead of lending to businesses and financing mortgages, which the money was intended for:

Here we go again. The same Financial Class that brought us to the edge of economic meltdown is now pressing its well connected pals and cronies on Wall Street, in Congress as well as its allies in the press and our OPEC cheering oil industry, to lay hands off the continued stripping America’s wealth through the gamed racket and egregiously profitable world of oil futures trading.

This week the Commodity Futures Exchange Commission (CFTC), responding to a national and international outcry that enough is enough, and in keeping with the Obama administration’s goal of tougher oversight, has finally decided to act. Reacting to Congressional pressures, a struggling industrial landscape and a beleaguered public, the CFTC announced that a series of restrictions on energy trading would be set forth. And here the CFTC and the American public’s outrage is not alone. Earlier this week the Wall Street Journal printed an Op-ed Essay (July 8,2009) jointly written by Prime Minister Gordon Brown of Great Britain and President Nicolas Sarkozy of France calling for “transparency and supervision of the oil futures market in order to reduce damaging speculation” (The WSJ, signaling its take on the issue placed the piece at the bottom of its pg.15 Opinion column). READ HERE.