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ClearView AI facial recognition using street cameras and social media images, which NZ police are policing their on trials of, has been banned in Canada.
https://thebit.nz/deep-dive/nz-police-still-policing-themselves-with-use-of-controversial-clearview-ai
I thought property speculation was a sure fire way to big bucks. But it has highs and lows. U found this little case history on line. The following gives details of how high-finance property speculation can go wrong. And perhaps become a white elephant. Not sure of precise date.
https://www.apamuk.com/sold-for-1m-the-shopping-centre-that-has-fallen-in-value-by-96%/
…The 125K SF mall in the centre of the Scottish town was valued at £26M in 2006,
when it was part of a £920M refinancing undertaken by then-owner Propinvest. That is a 5.7% yield.
In December it was quietly sold at Acuitus’ auction by owner Colony NorthStar for just £1M. The sale represented a yield of 61%, and a capital value of just £8/SF.
Colony bought the centre in 2015
as part of a £310M deal when the Propinvest portfolio went into administration. It is difficult to say the value put on the centre as part of that deal, as selling agents did not ascribe individual values to the assets, leaving it to the buyer to come up with an overall price. Colony declined to comment.
Real estate values fell sharply from the heady days of 2006,
but in many sectors they have recovered. Not in secondary regional retail, which experienced a recovery in both volumes and valuations from 2012 to 2014,
but has sharply declined again since, according to Colliers. Callendar Square is an example of just how dramatic that fall has been….
The shipping/slipping news:
https://www.rnz.co.nz/news/national/486486/kaitaki-breakdown-fuels-fears-over-lack-of-support-for-ships-in-distress-in-cook-strait