1New Zealand banks are now required to cap the amount of mortgage money they are lending to house buyers who have less than 20% deposit. The Reserve Bank says this is necessary to avoid a house price bubble that could destabilise the economy. Prime Minister John Key says that failure to act in this way could lead to an overall mortgage interest rate rise of half a percent. Opposition Leader David Cunliffe is promising to rewrite the rules for the Reserve Bank. The building industry wants first home buyers to be exempt from these new low equity mortgage restrictions and other are worried about the impact these restrictions could have on small business lending, consumer spending and savings. Are the new mortgage restrictions are good thing, a bad thing or a mixture of both? Interview with former Reserve Bank Governor Don Brash.

2With the failure of Team New Zealand to bring the America's Cup back to New Zealand and their future hanging in the balance, the marine industry faces an uncertain future. What are they doing to capture businesses for their industry and improve the chances of another Team New Zealand America;s Cup challenge? Interview with the General Manager of the New Zealand Marine Industry Training Organisation, Chris van der Hor.