Daily review 12/03/2025

Written By: - Date published: 5:30 pm, March 12th, 2025 - 14 comments
Categories: Daily review - Tags:

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 12/03/2025 ”

  1. Ad 1
    12 March 2025 at 5:49 pm

    Don't check your Kiwisaver, but damb Trump you're a dick.

    Reply
  2. joe90 2
    12 March 2025 at 6:35 pm

    Great idea.

    Reply
  3. Janice 3
    12 March 2025 at 6:52 pm

    I am in awe or David Seymour's financial skills. Compass is supposedly being paid $3.00 per lunch meal. it then subcontracts to other companies, presumably in something like a franchise agreement, who will be paying for the meals, staff and the franchise. Then there is all the couriering around the country to the schools, the payment involved in this and we now learn that some meals were flown over from Tasmania! I guess at these costs the kids get about $1.00 for lunch, or are we being misled and Compass is being subsidised. I haven't included the cost of all the various reports that have been called for regarding this clusterf**k, but I guess the taxpayer pays for these. What a financial genius, perhaps someone who knows how could put in an OIA on how much has been spent so far.

    Reply
    • Descendant Of Smith 3.1
      12 March 2025 at 10:46 pm

      Tis always been the playbook. Take contracts away from local firms (or local staff) give them to large corporates who then contract the local firms at cheapskate rates and clip the ticket on the way.

      Steven Joyce was the master at this. The money that used to circulate in the local economy now doesn't. It reflects how useless local business people are – benefit cuts, centralising services, national contracts all reduce the amount that will be spent locally. They continually vote against their own interests.

      Reply
      • Michael Scott 3.1.1
        12 March 2025 at 11:24 pm

        DOS" large corporates" are generally just small businesses that grew because they were really good at what they do. So we shouldn't diss them- we should honour them.

        Reply
        • Descendant Of Smith 3.1.1.1
          13 March 2025 at 12:25 am

          Good is relative. Many were and are shitty businesses who got ahead by paying low wages and stifling competition. They drove many good businesses aside and use their power to kill innovation.

          I know someone for instance who was bringing in cement more cheaply by a considerable amount. He was told if he didn't stop doing it he would lose all his contracts and never get any again. I can think of one was paying bribes to get cheaper wholesale prices than their competitors. Only the person being bribed got in trouble. Supermarkets who buy land and leave it empty so no competitor can go there. Others who their political mates give them valuable contracts.

          You give them way too much credit.

          And then there’s Compass…………

          Reply
          • Michael Scott 3.1.1.1.1
            13 March 2025 at 8:32 am

            DOS I have worked in my own businesses for over 40 years and in my experience unethical practices harm businesses in the long term.

            I have taught many young people how to start a business with no financial capital. Just their time and ideas . Capitalism without capital. Capitalism with character.

            Reply
  5. aj 5
    12 March 2025 at 8:01 pm

    Global Investment Summit set to begin in Auckland.

    https://www.rnz.co.nz/national/programmes/morningreport/audio/2018978494/global-investment-summit-set-to-begin-in-auckland

    Devon Funds head of retail Greg Smith makes it very clear in this morning's interview that his focus at this summit will be on selling assets to fund infrastructure. It's like listening Douglas and Richardson all over again. The way he makes it sound so attractive and cost free to the public is almost laughable, given the list of asset sale disasters in both NZ and overseas.

    Reply
  6. Joe90 6
    12 March 2025 at 9:21 pm

    Willis is desperate to release more bank lending for growth speculators to buy more rentals and prop up house prices.

    /

    Finance Minister Nicola Willis is receiving advice on how she can compel the Reserve Bank of New Zealand (RBNZ) to change the way it regulates banks.

    She believes loosening the controversial rules, which former RBNZ Governor Adrian Orr was a fierce defender of, could boost the economy.

    Willis is open to getting the RBNZ to reduce the amounts of capital banks need to hold to ensure they can withstand a major shock, as well as the amounts smaller banks need to hold for the different types of lending they do.

    Doing so could reduce banks’ costs by billions of dollars.

    Willis clarified her position when asked by the Herald on Thursday – the day after Orr resigned with no explanation, almost halfway through his second five-year term.

    https://www.nzherald.co.nz/business/companies/banking-finance/nicola-willis-gets-advice-on-overriding-reserve-banks-bank-capital-rules-championed-by-adrian-orr/2M6M22I7OZBKVCC57HH3Q7KGHA/

    https://archive.li/0tPnl

    Reply
    • AB 6.1
      12 March 2025 at 9:32 pm

      Oh great – so when banks get in the crap from their risky lending they'll be more likely to just rob their depositor's accounts to cover their losses?

      Is the phrase business ethics an oxymoron?

      Reply
    • Bearded Git 6.2
      12 March 2025 at 10:04 pm

      The Nats know that only ballooning house prices can improve those terrible polls.

      They want to be able to say at the election "we have turned around the economy and now it is booming…look how house prices are rising"

      Reply

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