The AC 37 has started, news and rumours

[JALhazmat]

Mayo and Calder and their CFO have long gone.

Did m&c allocate the 3mil to boat building then? 
 

and with your logic now they are gone it’s still 6 million that won’t be needed this time as it wasn’t used last time. Unless 3 million WAS actually used on the build, which has always been denied. 

 

[Terry Hollis]

Geothermal fluids contain elevated levels of arsenic, mercury, lithium and boron because of the underground contact between hot fluids and rocks. If waste is released into rivers or lakes instead of being injected into the geothermal field, these pollutants can damage aquatic life and make the water unsafe for drinking or irrigation.

A serious environmental effect of the geothermal industry is arsenic pollution. Levels of arsenic in the Waikato River almost always exceed the World Health Organisation standard for drinking water of 0.01 parts per million. Most of the arsenic comes from geothermal waste water discharged from the Wairākei power station. 

The Wairakei power station was built in 1958, the first of its type (wet steam) in the world. As an early example of the concept later versions have improved the technology to what may be considered acceptable levels.

The Wairakei power station was due to be phased out from 2013, replaced by the Te Mihi geothermal power station.

The Poihipi Power Station was built in 1996 at a nearby site in the same field

 

[Priscilla]

‘‘Ahmed did you say the large pile of loot was on the port side”

 

[chesirecat]

Looks like Ineos are announcing their team Oct 4th.

Already some Merc 18 bods are full time.

 

[enigmatically2]

Some points on the GD-Dunphy debacle

1) Whilst it may be that GD has been effective in single-mindedly leading, and that a single controlling leader can be effective (I run my company the same way), when it comes to public money being spent on development etc they tend to like more governance. As a result I have set up a separate company where I am bidding for a govt contract. TNZ's history of being effective but losing a few million here and there rather demonstrates why some might want more governance. Note therefore that Farmer is not being hypocritical by having his own company without such governance. 

2) That is true of all developed democracies. Therefore the continued mud-slinging may not directly lead to an AKL defence, but it will certainly help kill off Cork and Spanish bids by undermining any trust those govts might have had. Though I don't think there was much chance there anyway

3) Thus it is pushed even more towards ME. Lets face it Saudi don't have to much belief in open and honest governance, accountability etc. So it won't put them off.

 

[Horn Rock]

When its socialised losses and privatised profits then generally yes.

This opening statement indicates a confused philosophy. 

So yes I don't want my tax dollars handed over the billionaires cock waving match when there are schools needing funding and nurses needing training.

You wanted the losses socialised as per opening statement?

I see enough to know you don't know your arse from your elbow, but good effort for having a go at being somewhat intellectual.....

 

[Forourselves]

Some points on the GD-Dunphy debacle

1) Whilst it may be that GD has been effective in single-mindedly leading, and that a single controlling leader can be effective (I run my company the same way), when it comes to public money being spent on development etc they tend to like more governance. As a result I have set up a separate company where I am bidding for a govt contract. TNZ's history of being effective but losing a few million here and there rather demonstrates why some might want more governance. Note therefore that Farmer is not being hypocritical by having his own company without such governance. 

2) That is true of all developed democracies. Therefore the continued mud-slinging may not directly lead to an AKL defence, but it will certainly help kill off Cork and Spanish bids by undermining any trust those govts might have had. Though I don't think there was much chance there anyway

3) Thus it is pushed even more towards ME. Lets face it Saudi don't have to much belief in open and honest governance, accountability etc. So it won't put them off.

How you run your company is your business.

How Team NZ runs their business is theirs.

As Greg Horton has stated "Team NZ's business is winning the Americas Cup. The Team has won it twice, therefor they are achieving the goal the company exists to achieve.

Its sport. Political agenda's and governance are not for sports teams to judge.

 

[enigmatically2]

How you run your company is your business.

How Team NZ runs their business is theirs.

As Greg Horton has stated "Team NZ's business is winning the Americas Cup. The Team has won it twice, therefor they are achieving the goal the company exists to achieve.

Its sport. Political agenda's and governance are not for sports teams to judge.

Its their business right up until they ask another organisation for money that isn't for tangible products they can hand over at the time, Then it is that organisation's business too.

After all, if you are asking a Govt for money - THEIR business is not winning. They are giving the money to bring opportunity to their city. So they want to know that their objectives will be met. And that is where TNZs governance is demonstrably weak from last time. Firstly the objectives were not met (easy to blame Covid but they weren't met so the track record is not there)  and some of the money went missing on a con, and some was spent on something the donor of that money thought it shouldn't have been.

You only care about winning, any city/govt money cares about other things. But I know you can't comprehend that

 

[Forourselves]

Its their business right up until they ask another organisation for money that isn't for tangible products they can hand over at the time, Then it is that organisation's business too.

After all, if you are asking a Govt for money - THEIR business is not winning. They are giving the money to bring opportunity to their city. So they want to know that their objectives will be met. And that is where TNZs governance is demonstrably weak from last time. Firstly the objectives were not met (easy to blame Covid but they weren't met so the track record is not there)  and some of the money went missing on a con, and some was spent on something the donor of that money thought it shouldn't have been.

You only care about winning, any city/govt money cares about other things. But I know you can't comprehend that

From 2013.

 

[enigmatically2]

And the relevance of that was 4U? Sweet FA

 

[Kate short for Bob]

Firstly the objectives were not met (easy to blame Covid but they weren't met so the track record is not there)  and some of the money went missing on a con, and some was spent on something the donor of that money thought it shouldn't have been

Bollocks.  Covid and the associated border closure smashed any chance of chance of overseas tourism.  Inter regional travel i.e. domestic travel was severely curtailed.  I take it you weren't in NZ at the time?

The money loss was caused by the slack management of Mayo & Calders CFO.  Hardly an ETNZ mistake.

As for the inter company charge the subsequent forensic audit found no wrong doing and that it was legitimate.

 

[Kate short for Bob]

And the relevance of that was 4U? Sweet FA

Then about as relevant as your precious post!

 

[Gissie]

Dunphy and his plan turning to shit is the best thing that could have happened. There is now no chance that the event will be in Auckland. (Unless no one else even bids, which would be a bummer for us all). The team is now free to relocate their HQ to some place else in the world and take precious with them. The beginning of what they have planned for a long time. An event that is all about performing, in a circus sort of way, that finding a way for a self funding event is the way forward. Red bull on the water, teams that have no country link, just try and appeal to some young fans. Puppet yacht clubs pretending they care for anything but the money they are bunged to put their bungee to a team.

Be interesting to see how it plays out. Sort of.

 

[Gissie]

Which part, I quite like the idea of the Taliban steering

Sort of kills the women on board thoughts.

 

[Forourselves]

And the relevance of that was 4U? Sweet FA

From the horses mouth.

The fact is, Team NZ exists to win the AC, thats the objective. Thats the only objective.

The Objective WAS met. Twice.

Governments are effectively, sponsors. Nothing more, nothing less.

 

[Kate short for Bob]

Note therefore that Farmer is not being hypocritical by having his own company without such governance. 

Perhaps Farmer could do with some more professional governance or is he deliberately running his company as a tax loss?  As in funding his participation in yacht racing behind the charade of being a yacht development business?

Farmer may well be genuine in saying his motivation is all about NZ and sailing but his promotion of his own self interest in a particular design of potential AC baots tends to suggest otherwise.

 

[Forourselves]

Dunphy and his plan turning to shit is the best thing that could have happened. There is now no chance that the event will be in Auckland. (Unless no one else even bids, which would be a bummer for us all). The team is now free to relocate their HQ to some place else in the world and take precious with them. The beginning of what they have planned for a long time. An event that is all about performing, in a circus sort of way, that finding a way for a self funding event is the way forward. Red bull on the water, teams that have no country link, just try and appeal to some young fans. Puppet yacht clubs pretending they care for anything but the money they are bunged to put their bungee to a team.

Be interesting to see how it plays out. Sort of.

For all the pissing and moaning you do, you'll be watching every minute of it. Which says more about you, then the team.

 

[enigmatically2]

FFS I just checked and NZ's literacy rate is 99% . So how come we get 4U and Kate who are both totally incapable of comprehending a small section of text?

 

[Kate short for Bob]

Dunphy and his plan turning to shit is the best thing that could have happened. There is now no chance that the event will be in Auckland. (Unless no one else even bids, which would be a bummer for us all). The team is now free to relocate their HQ to some place else in the world and take precious with them. The beginning of what they have planned for a long time. An event that is all about performing, in a circus sort of way, that finding a way for a self funding event is the way forward. Red bull on the water, teams that have no country link, just try and appeal to some young fans. Puppet yacht clubs pretending they care for anything but the money they are bunged to put their bungee to a team.

Be interesting to see how it plays out. Sort of.

Very good description of the America's Cup.

 

[Forourselves]

FFS I just checked and NZ's literacy rate is 99% . So how come we get 4U and Kate who are both totally incapable of comprehending a small section of text?

Who is 4U? looks like its you that should improve her literacy.