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5:30 pm, August 25th, 2025 - 5 comments
Categories: Daily review -
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Daily review is also your post.
This provides Standardistas the opportunity to review events of the day.
The usual rules of good behaviour apply (see the Policy).
Don’t forget to be kind to each other …
The banks will hold less capital (which is what they want).
The Minister of Finance agrees as she thinks this will result in lower interest rates.
https://www.rnz.co.nz/news/business/570981/reserve-bank-begins-consultation-on-amount-of-capital-banks-should-hold
This will please the PM, who wants the economy to grow and property prices to rise
The Minister of Finance is also serious about beating inflation and wants the RB to focus on this exclusively.
This pleases Hon Christopher Bishop who wants property prices to hold or go lower.
https://www.stuff.co.nz/politics/360801607/bishop-wants-house-prices-fall-pm-luxon-wants-them-rise
Rotten
The Justice Minister asked a retail crime surveillance company to help change privacy laws, a newly released email suggests – but the company now says it misspoke.
The government has been looking at barriers that prevent supermarkets and shops using facial recognition more often.
Auckland tech firm Auror – which has advocated for facial recognition technology – emailed Justice Minister Paul Goldsmith's office in February, documents released under the Official Information Act show.
"The minister asked us to work with his office on how to strengthen legislation to provide more certainty for tech providers," Auror said in the email, referring to an introductory meeting with Goldsmith a few weeks before.
But after its email was released under the OIA, Auror told RNZ it had misspoke.
"Unfortunately, the language in the email you're referring to is incorrect and does not reflect those discussions," it said last week.
"Auror has not been asked to work on legislation, and we have not done so."
[…]
Goldsmith told RNZ he took no meeting notes and the "exact discussions or any further in-person discussions not included in my diary cannot be recalled".
https://www.rnz.co.nz/news/political/570945/facial-tech-company-wanted-pragmatic-policy-interventions
Blimey! Those e-mails weren’t supposed to become public.
Rotten. Snap ! I seen that this morning. (no open mike though). I had searched up some more about….There is the following article.
While some months old, it does give more reading about it all. Incl the interestingly titled Auror's Doug Rawson Profit Protection Specialist – Woolworths NZ.
This as Jackson James Wood's article points out……
And as for Goldsmith? IMO a potentially dangerous MP….let alone as NZ Minister of Justice….
"Cannot be recalled" – maybe the Attorney-General could jog Goldsmith's memory
Can’t Recall : Alan Bond [Clarke & Dawe – 7:30 Report]
https://youtu.be/Kd173PeMvHQ
https://en.wikipedia.org/wiki/Alan_Bond#Bankruptcy_and_conviction_for_fraud