Top UK court quashes ex-bankers' rate rigging convictions
In a written judgment, the UK's highest court said that due to errors in the way the jury had been directed, the convictions of Tom Hayes and Carlo
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NZ Herald
23-07-2025
- NZ Herald
Top UK court quashes ex-bankers' rate rigging convictions
The UK Supreme Court on Wednesday overturned the conviction of two former financial traders jailed for manipulating the Libor interest rate benchmark. In a written judgment, the UK's highest court said that due to errors in the way the jury had been directed, the convictions of Tom Hayes and Carlo
NZ Herald
20-07-2025
- NZ Herald
Analysis: Consumed by Epstein, Trump has lost ground on the economy and immigration
Other recent surveys find significant dissatisfaction with Trump's handling of the economy. When he was sworn in, Trump promised a new 'Golden Age'. It's clear that, six months into his presidency, the public isn't buying all the hype. Trump would like nothing better than to point to successes in his second term, and he has had some. The swirling Epstein controversy makes that difficult. Trump has tried to dismiss the controversy as Democratic-manufactured fakery, though this was always an issue generated by conspiracy theorists in the President's base. He wants Attorney-General Pam Bondi to seek the release of pertinent grand jury testimony, a dodge that doesn't address demands for full transparency. For now, he seems stuck, unless his threatened lawsuit against the Wall Street Journal over a story that says he sent a risqué 50th birthday note to Epstein (which he denies) consolidates his base. The White House would like to change the subject, but when press secretary Karoline Leavitt tried to do that at the top of her Thursday briefing (Friday NZT), her lengthy opening statement helped to highlight apparent concerns about public sentiment on both the economy and immigration. Leavitt reeled off statistics trying to make the case that the economy is working for people. She provided citations of arrests as evidence that Trump is ridding the country of migrants with violent criminal records. It will take more than that to drown out the Epstein controversy and change public opinion about his other policies. Trump's successes This comes at a moment when the president has notched some clear successes. Congress approved the big tax cut and immigration bill. The Supreme Court has given him some victories, including a green light to fire thousands of federal workers. The airstrike on Iran's nuclear facilities has brought a ceasefire between Iran and Israel and set back Iran's nuclear programme. Nato nations have agreed to increase defence spending. This past week Trump agreed to send Patriot air defence systems to Ukraine, paid for by the Europeans. That decision came after his public complaints about Russian President Vladimir Putin's continued assault on Ukraine and public perceptions that the Russian leader has played the American president on the issue of a ceasefire and settlement of the war. Immigration and raids Trump also has delivered on his campaign promise to tighten security at the US-Mexico border. Illegal crossings are at a low point. His problem is that people don't like other aspects of his immigration policy: the aggressive round-ups of undocumented and sometimes legal migrants, the deployment of US military forces to Los Angeles to quell protests, numerous legal battles over the deportations that have pitted the Administration against the courts. All have contributed to the reshaping of public opinion. The result is something Trump could never have imagined when he was sworn in: The public now sees the value of immigration more positively, and widespread deportations and the Administration's enforcement tactics less positively. Last year, 55% of Americans said they wanted a reduction in immigration, according to Gallup. Today, that's dropped to 30%. Gallup also notes that a record 79% of Americans say immigration is a good thing for the country. That's a 15% jump in the past year. Meanwhile, support for hiring more border agents, which is supposed to happen under the new 'big, beautiful bill' the President signed on July 4, has declined by 17% in the past year. Support for deporting all undocumented immigrants has dropped nine points, to 38%. In the Gallup poll, support for allowing undocumented immigrants to become US citizens has risen eight points to 78% - though that's a bit lower than the 84% in 2016. The percentage of Republicans who support a path to citizenship has risen from 46% a year ago to 59% today. The Washington Post's average of high-quality polls shows a clear deterioration in Trump's approval rating on immigration. In May, the average showed Americans evenly divided. The average so far in July shows 42% saying they approve and 54% disapproving. The protests that erupted in early June appear to be the catalyst for a reappraisal of Trump on immigration. Before the protests, his immigration approval rating was 49% positive, 49% negative. Since then, the average of the post-protests polls shows his standing at 42% positive, 54% negative. The economy and tariffs Before he was sworn in, public expectations for Trump were highest on the economy and immigration, according to a Washington Post-Schar School poll of swing state voters. In that survey, 62% said they expected Trump to do an 'excellent' or 'good' job on the economy and 59% said they thought he would do an 'excellent' or 'good' job on immigration. Also, 46% said they thought his presidency would help their finances, with 31% saying it would hurt them financially. Until the pandemic took hold in the northern spring of 2020, Trump enjoyed relatively strong ratings on the economy. Things deteriorated during the pandemic and judgments were about evenly divided just before the 2020 election. Today the public is dissatisfied with his economic performance. An Associated Press-NORC Centre for Public Affairs survey last week showed that 38% approved of his economic management and 60% disapproved. A Quinnipiac University poll put his economic approval numbers only slightly better: 43% approving, 55% disapproving. In the AP-NORC poll, nearly half (49%) said his policies have done more to hurt them than help them. About one in four (27%) said they have done more to help them. The rest said the policies have not made a difference. A majority said the new tax bill will do more to help the wealthy and that it will hurt people with lower incomes. In the Quinnipiac poll, 40% said they approved of his handling of trade, with 56% disapproving. Predictions that Trump's tariffs will trigger a major new bout of inflation have not been borne out, though all the tariffs are not in place. The Federal Reserve has been cautious about cutting interest rates because of the uncertainty around the tariffs. Trump continues to badger Federal Reserve Chair Jerome Powell, whom he would like replaced, to cut those rates substantially. Many economists say a cut of the size Trump wants would risk an inflationary spike. There's history to buttress those concerns. In 1972, President Richard Nixon pressured Fed Chair Arthur Burns, and the subsequent loosening of monetary policy helped unleash an inflationary rise. Trump continues to accumulate power in the presidency and exercise it to change government and major institutions. He plays a dominant role in the world. But his six-month report card provides indications that the public hasn't fully bought into his programme, warnings that he can't easily ignore.
RNZ News
20-07-2025
- RNZ News
Supreme Court to hear appeal against sentence of man who committed rape at age 15
By Ric Stevens, Open Justice reporter of The young man's lawyers say he should have been dealt with in the Youth Court, where a prison sentence would have been unlikely. Photo: RNZ Insight This article deals with sexual offending against three young women and may be distressing for some readers. A 15-year-old who raped a teen before going on to sexually assault two women a few years later was found guilty and sent to prison for just over three years. Now lawyers are arguing before the Supreme Court about whether he should have been sentenced as a youth, based on his age when he first offended, or as a grown man when he was convicted at the age of 21. His lawyers say he was a child when he offended and should have been dealt with as such by the courts. But lawyers for the Crown say he turned out to be a repeat sexual offender with no remorse, who assaulted two more young women when he was 18. The outcome of the case could determine if he will be sent back to prison - he is currently out on bail - or if he receives a community-based sentence and rehabilitation. The young man's name, personal details, and the identities of his victims are all suppressed. The rape victim was older than him. One of the other two women he went on to offend against several years later was older, the other younger. His first victim had consumed alcohol and drugs before the young man, at that time just 15 years old, gave her sleeping pills. She was unable to stay alert, and he raped her. The offending against the other two women happened when he was 18. The women each awoke to find him sexually assaulting them. The offences came to light later on and the young man, by then an adult, was charged in respect of all three women at the same time - one charge of rape and two of unlawful sexual connection. He admitted the lesser sexual connection charges on the morning his trial was due to begin and was found guilty of the rape by a jury two days later. He was 21 years old when convicted, and was sentenced in a district court to three years and four months in prison after the judge took the rape as the most serious and "lead" offence. He is now appealing against that sentence. His lawyers, Letizea Ord and Emily Blincoe, say that if he had been charged with rape close to the time he committed it, he would probably have been dealt with in the youth justice system, for offenders aged 17 and under. The emphasis in the Youth Court is on rehabilitation. In their submissions his lawyers say it was "highly unlikely" that he would have been sent to prison had he been dealt with there. They say that the two charges of unlawful sexual connection, which would have been dealt with in an adult court, would not have attracted a sentence of imprisonment on their own. They also say that the community would be safer if he were dealt with outside the prison system, with specialist treatment, because no targeted youth sexual offender programmes are available behind bars. Ord and Blincoe argue that New Zealand is an "outlier" in how it deals with offences committed by minors but uncovered later. In England and Wales, an offender's age at conviction is specified in law, but sentencing guidelines are based on the outcome that was likely to have been applied at the date of the offence, and prison is a "last resort". The Australian states take a similar approach, and Canada has a law which says that youth justice legislation applies to all offending committed under the age of 18, regardless of when charges are laid. However, the Crown Law Office said New Zealand law did not support sentencing outcomes in such cases that disregarded the legislation and methodology of the adult courts in favour of the processes governing the "intensely specialised" Youth Court. "The appeal also requires the [Supreme] Court to engage with an artificial factual scenario: to treat [the appellant] as though he was still 15 years old for the purpose of sentencing," the Crown submissions to the court said. "That ignores the reality of the case before the court: a 22-year-old repeat sexual violation offender who denied any wrongdoing and remained unremorseful at sentencing. One who, up until the time this court granted him bail, had taken no steps towards rehabilitation." The young man has so far spent 13 months in custody. He has engaged in rehabilitation since being bailed. The Supreme Court will begin hearing his case on Tuesday. * This story originally appeared in the New Zealand Herald .
