Daily review 26/05/2025

Written By: notices and features - Date published: - 14 comments
Categories: Daily review

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 …

14 comments on “Daily review 26/05/2025”

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  1. 1

    Crikey,

    Brooke van Velden must lonely as she's just followed me on Twitter!

    Must be the RNZAC Association Badge on my profile from the Nov 2017 Tankie Bash in Waiberia 😂

    On a more serious note, I recalled someone here mentioned about the Antarctic Treaty?

    Even though the Antarctic Treaty has no set expiration date and remains in effect indefinitely unless the Consultative Parties agree to modify or withdraw it.

    But the treaty includes a provision for review starting in 2048, with a three-quarters majority of Consultative Parties needed to adopt any changes.

    This NZG or the next one should bloody pull their finger out of their respective digit and order at least 2-3 SOPV's for the RNZN in order for NZ to have a more permanent presence down Sth as it's already the Wild West IRT catching Fish & Krill.

  2. 2

    This looks like it's a BFD.

    .

    judgeluttig.bsky.social

    ‪@judgeluttig.bsky.social‬

    The Wall Street Journal had a piece last night that the Judicial Conference of the United States — the policy making body for the federal judiciary — is discussing whether the Judiciary should have its own armed security force rather than rely on the U.S. Marshals for federal judges’ protection.

    May 26, 2025 at 9:52 AM

    https://bsky.app/profile/did:plc:5vasui4xwoupxsqwq6s2g53g/post/3lpznfwxblc26

    skyview

    Amid rising tensions between the Trump administration and the judiciary, some federal judges are beginning to discuss the idea of managing their own armed security force.

    The notion came up in a series of closed-door meetings in early March, when a group of roughly 50 judges met in Washington for a semiannual meeting of the Judicial Conference, a policymaking body for the federal judiciary. There, members of a security committee spoke about threats emerging as President Trump stepped up criticism of those who rule against his policies.

    Dozens of judges and their relatives have received anonymous pizza deliveries to their homes—which they perceived as a “we know where you live” message. In March, five days after the Supreme Court upheld a lower court’s ruling that the administration must pay USAID contractors, Justice Amy Coney Barrett’s sister was targeted with a bomb threat, according to police records. Another judge had a SWAT team called on him after he overturned an executive order restricting birthright citizenship.

    https://www.wsj.com/us-news/law/trump-judges-security-marshals-6e080ac6

    archivedotli

    https://www.msnbc.com/ali-velshi/watch/how-a-case-makes-it-to-the-supreme-court-240284229924

  3. 3

    Not wanting to be a Darren Downer… this is a grim read that helps put a few things in focus.

    Cheers to Bomber @ TDB for his article that has this link.

    "What on earth has Finance Minister Willis been up to? Secret meetings. An unexplained resignation. Refusals to talk to the media regards the former Reserve Bank Governor's departure. A sudden, unexpected review of (Big) Bank Capital Requirements with the (hidden agenda) aim of loosening them, to be completed under urgency to prevent a future Governor from undoing that decision."

    "Nothing our Finance Minister says about economics makes sense to me. Her budgets that do nothing to address NZ's long-run fiscal problems from an ageing population. The ferries. Her lack of action on the Big Banks, Big Supermarkets, Air NZ, Big Construction firms. It only can be understood in terms of back-room deals responding to lobbying from Big Business."

    The me here is Professor Robert MacCulloch of the University of Auckland.

    https://www.downtoearth.kiwi/post/incriminating-evidence-now-points-to-finance-minister-willis-forcing-out-governor-orr-to-take-over-t

    1. 3.1

      Orr, successful in growing our wealth fund was an original at the RB.

      Very conservative on banking capitalisation.

      Too liberal in processing (cheap money) money through banks into the property market (and too slow to tighten back up – excuse the Auckland lockdown).

      All in made money for the NZSF, it also can obstruct OR assist banks.

      Guess when they complain?

      As for the rest of the players, he was wary of first home buyers getting in at the top of the market, but was less concerned about investors doing this (leading to them leading the overheating of the market).

      Whatever.

      For mine, I like progressive taxation for companies (banks top of the hill here). Ease the credit, but increase their tax on profits to 33%. Take their profit.

    2. 3.2

      Jeepers, that's a bit of a tar and feathering for Willis:

      Incriminating evidence now points to Finance Minister Willis forcing out Governor Orr to take over the Reserve Bank of NZ on behalf of the Big Banks [8 May 2025]
      This saga has descended into such murky depths that DownToEarth.Kiwi has withdrawn any of the support we once had for Finance Minister Willis. We've no interest in playing partisan politics. We call out foul play where we see it. The great strength of NZ was meant to be the integrity of our public officials. Anyone playing dirty games that undermine the single most important financial institution in the country, namely the Reserve Bank, for their own wrongly construed agenda – or even worse, for their own personal gain – cannot endure in politics. Nothing our Finance Minister says about economics makes sense to me.

      "Nothing"? Not even "… we can have a big debate about the technical numbers…", "DVDs and Tip Top at home", or the relatable "rainbows and unicorns"?
      C'mon guy – it's all about "the vibe" doncha know.

      Corrupt, cruel, racist, incompetent, arrogant, and out of their depth, yes. But I think they know what they are doing, and they just don't care.

      They are like infants in charge of Rolls Royces, way out of their depths.

      Each week we see how bad this coalition of chaos is. Some of us are struggling to understand whether they are just incompetent lightweights out of their depth, or whether they are a despicable crew of vindictive wreckers, or whether they are glove puppets for darker forces, or all of the above.

    3. 3.3

      I don’t know anything about the new RBNZ Governor Christian Hawkesby, is he a shill for Nicola Willis? He does seem to have a poor memory though.

  4. 4

    Landlords unwilling to spend to meet new requirements placing properties on the market.

    A good time for Kainga Ora/other to get homes

    1.for the homeless

    2.for those on the waiting list.

    3.suitable for upgrading for the mobility disadvantaged.

    4.come with land for a small build/granny flat on the section.

    5.golden girl types for the aged without home ownership and or for group living support

    https://www.oneroof.co.nz/news/cant-be-bothered-with-them-anymore-older-landlords-flood-the-market-with-rentals-47580

    1. 4.1

      Really good purge of mum 'n' dad amateur landlords out of the market right now. They’re all selling at low prices too. Long may it continue.

        1. 4.1.1.1

          Per the article SPC linked:

          – Properties are often bought by investors willing to spend money to meet compliance standards.

          Gupta said these properties were usually picked up by other investors who were prepared to spend money and add value.

          This is a good thing. We're ditching the can't-be-bothered amateur landlord and getting people and organisations who actually want to do this as a going concern and are prepared to meet the standards.

            1. 4.1.1.1.1.1

              That's not to say all 'investors who are prepared to spend money and add value' are good, and all 'amateur, mum and dad landlords' are bad but weeding out those who can't or won't improve their rental properties, even to meet minimum standards, is overall a good thing.

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