Jewish Community Security

Now when you're looking to invest the old hard-earned, you want an established bank with a solid foundation obviously. So somewhere you may not have explored, but you should. SBS, SBS Bank. They've been in business here for 157 years. Not only pride themselves on providing those great rates for the investors, they're passionately invested in the community as well, proudly keeping the profits right here in the country, which is what we love. So SBS call that conserving the Kiwi dream, helping Kiwis save for their dream futures while helping first-time buyers into the dream home. So Kiwis helping Kiwis. So we like the sound of that, don't we? So if you've got some grand dreams to invest in your future, could be purchasing a holiday home, helping the kids through uni, saving for a comfortable retirement, choose the bank investing in this country's future. So whatever you're saving for, SBS Bank, they've got a range of investment options to help you get those great returns on the savings. And if you want to learn more about the latest special rates, search SBS Bank, start banking with a bank with heart, SBS. Bank 24 probably wasn't a surprise to learn the parents being prosecuted over the kids not going to school didn't turn up to court so the reason the justice wheel turned so slowly is of course partially because of people like that. I doubt any court action by the way will achieve a lot in this specific case but then you can argue it probably wasn't supposed to. See government's prosecuting parents over non-school attendance is a sad... But good policy at the same time, sad, because we've got to this point, good, because what it will achieve is a chilling effect for those who may not get to court, but could have. So the reason they didn't was because of the test cases we hear this week, like the school phone ban, see? You know, the school phone ban, not everyone follows it. It's not bulletproof, but it's effective. Chilling effects are not to be underestimated. The light system and the job seeker is another good example. When there were no consequences for not looking for work, it's... It's amazing how many people were happy to take the invitation not to do anything. Offer them a bit of stick, all of a sudden the number of people who fail and reach red and get a benefit cut becomes negligible. Once again, what a tragedy that there seem so many who are happy to, you know, waste their life away. But the lowest common denominator is in fact quite common given how many frequent it. Doubly sad, of course, when it comes to kids in school, it's not their fault. The parents are wasters and you run the risk that the habits are contagious and the kid... The kid carries the waste of John for another generation. So no, the initial prosecution this week will involve the worst of the reprobates. And no, it most likely won't make a jot of difference. But enough people will see it and hear it and it'll be around the school grounds and word will spread. And with that, for some anyway, what might have been will be avoided. It may well be that if a handful of kids get to go to school properly, it might eventually benefit us all. See, it takes a tough government to take their people to court over something as fundamental as education. As education, certainly previous ones haven't been interested, and that is why in part we've ended up where we are, but potentially also at a point where a bit of tough love. Could pay off. Mike, how is Australia's quarterly inflation numbers prepared in 30 days, but it takes a full quarter to... Yep, very good question, Benny. I've asked that of Grant Robertson many, many times. I gave up after that. He agreed and he was going to do something about it until he didn't, and this government's certainly done nothing about it. It's just the way it is in this country because we're a bit slow at everything. There is a counter-argument, I've talked to economists about it, there is a counter-argument if you produce numbers monthly... You get a bit of monthly noise, you know, things can happen within a month and everyone goes, whoa, what happened there? And they're never quite sure. So a quarterly number is a more stable number, but I'd favour monthly myself. Mike, who do all these countries in huge debt owe the money to? China, India, sovereign, basically you and I, Andy, is the answer to that question. Governments have not always. But governments go to the market and they call government bonds and they go, hey, listen, if you want to give us some money, we'll give you if you want to do it over 10 years, we'll give you four point something percent. And somebody with a bit of money goes, oh, yeah, four point something percent. Tell you what, I'll give you that money. So it's you and I that the government owe the money to. And the reason we do that is because, of course, we believe generally that the government is always going to pay us back. And that's why if you look at money around Italy or Greece or stuff like that, the money, the numbers are way higher because people aren't convinced that Greece will ever pay you back, whereas in New Zealand they do. They do. That's basically how the international bond market works. Cancer, bit of cancer chat, another one of these please. I think there's going to be a season for it. These groups, these NGOs come together and say, hey government, can you give a bit of money given it's election year? This time it's the cancer people. We'll talk to them after the news.