Subject: 11 November, 2008 
----- WYSIWYG NEWS ------------------------------ 
Copyright, Brian Harmer.

Two elections in one week is a bit wearing. The sheer scale 
and exuberance of the US election and the technological 
resources used to bring it to the rest of the world tended to 
cast our own national election into the shadows. To be honest, 
I have found that people seemed to feel so beaten down, so 
lacking in anything close to exuberance that the election 
campaign here has been a tedious process which, I am glad to 
say, is now over. People interviewed on the radio have said 
there is so little real difference between the main parties 
that they just didn't care, and wouldn't vote. I don't 
remember it myself, but apparently there was an advertisement 
from the electoral commission in the 2002 election which said 
"If you don't vote, I don't want to hear a peep out of you for 
the next three years!" Seems fair enough. Well, I have taken a 
news item out of sequence and made it the first one of the 
news this week. It summarises the outcome of New Zealand's 
election. National/ACT/United Future in, Labour/Greens out, 
New Zealand First gone. 

On Sunday, Mary and I decided to take a diversion from our 
usual direct route to Wanganui, to visit the Cross Hills 
gardens just to the North of Kimbolton. Happily the day was 
one of those magical clear blue sky events that we expect but 
haven't had for a while. Absolute perfection. A typical New 
Zealand day at last! To get to Kimbolton, we turned left at 
Sanson towards Palmerston North and a few kilometres from 
there, right towards Feilding. For some reason I have never 
travelled that road before, and it came as a compete surprise 
to me. This must be some of the most beautiful and gentle 
pastoral landscape on the planet. The broad plains to the 
South of Feilding were very lush and green, while the Ruahine 
ranges in the background were given extra scenic value with a 
fairly solid, if unseasonal coat of snow. Feilding itself 
creates an excellent impression with neat gardens and well 
kept houses, at least on the main road through to the North. 
The road steadily climbs a ridge to the West of a magnificent 
valley, passing through tiny towns I had never heard of, 
Almadale, Cheltenham and Kiwitea and arrived eventually at 
Kimbolton. I suspect that the latter town is one of those, 
like Greytown in the Wairarapa, that will be "discovered" and 
become gentrified. Already there is a nice little café and 
wine bar in the town. There was a time when the alcohol in 
rural towns was draught beer, whisky, vodka or rum, or if they 
were really sophisticated, a cardboard "cask" of Velluto Rosso 
which had probably been first opened three months prior. A 
wine bar in rural New Zealand! What next? However, it was far 
to early in the day for such diversions, so we continued on 
the road North pausing at the Apiti lookout. From a small and 
none too sturdy viewing platform we admired the magnificence 
of the landscape, marred only by the high voltage transmission 
lines dangling just between us and the view. They rendered 
photographs worthless, but couldn't hide the grandeur beyond. 
A few kilometres further we came to Cross Hills. This is a 
private garden of some 7 hectares (or 17 acres) owned by the 
Wilson Family, and operated partly as a plant nursery and 
partly as a tourist attraction. It specialises in Azaleas and 
Rhododendrons but has a magnificent collection of conifers as 
well. Most of the azaleas and rhododendrons were in glorious 
riotous blossom creating an overwhelming visual spectacle. 
Surprising to me were the delicate flowers on the enormous 
variety of conifers. At certain angles to the bright sunlight, 
it was possible to see a more or less continuous drift of vast 
quantities of pollen on the very light breeze. A warning 
perhaps, that this might not be the ideal season for allergy 
sufferers to visit, or at least to avoid the conifer 
collection. If you like formal gardens and beautifully cared 
for flowering bushes, Cross Hills is absolutely unmissable, 
and I urge any gardening tourists to make every effort to get 
there, despite its remote location. We spent half a day there 
before continuing our round about journey to Wanganui. 
Immediately North of Kimbolton, there are the heritage 
gardens, also devoted to Rhododendrons and Azaleas. These are 
somewhat different in character, since their purpose was to be 
a base for the New Zealand Rhododendron Association. It seems 
to function more as a place where samples of various varieties 
of the plant can be seen. It lacks the visual spectacle and 
mass plantings of Cross Hills but is worth a visit anyway, and 
I suggest you do it before Cross Hills. Enough for now. It's 
an area to which we shall return.

Today is of course, Remembrance day. "At the going down of the 
sun and in the morning, we will remember them." 

----  
Any text above this point, and all subsequent material in 
parentheses, and concluded with the initials "BH" is the 
personal opinion of Brian Harmer as editor of this newsletter, 
or occasionally "GS" will indicate an opinion from our 
editorial assistant. In all cases they are honest expressions 
of personal opinion, and are not presented as fact.  
 
All news items (except where noted otherwise) are reproduced 
by kind permission of copyright owner, Newstalk ZB News. All 
copyright in the news items reproduced remains the property of 
The Radio Network Limited. 
Sponsorship this week is courtesy of my friends Clay and 
Louise Sollers in Northern California. Many thanks to you 
both. 
----  
On with the News. 
Sunday, 9 November, 2008
~~~~~~~~~~~~~~~~~~~~~~~~

"THEY VOTED FOR CHANGE" - KEY
-----------------------------

Helen Clark expects her party to have a new leader before 
Christmas. After leading Labour for nine years as prime 
minister Miss Clark announced, while giving her concession 
speech, that she was standing down as party leader following 
Labour's loss to National. "I will give that new leader, 
whoever it is, the total loyalty and support that I have 
enjoyed from every single Labour leader of Parliament for a 
very, very long time."

National won 59 seats while Labour has 43 seats but Miss Clark 
said Labour had achieved a lot during its time governing.
"I just utter one fear, and that is that I do hope that all 
that we've worked to put in place doesn't go up in flames in a 
bonfire created by the right wing of politics."
During his speech to supporters National leader John Key said 
New Zealanders have spoken in their hundreds of thousands and 
voted for change. Mr Key said New Zealand has voted for a 
safer, more prosperous and more ambitious country.
"They voted for hope, they voted for action and they voted for 
results." Mr Key referred back to his first speech after 
becoming leader of the National Party. He said as a boy 
growing up in a state house, he would ride his bike past the 
homes of kids more fortunate than he was. He said what 
inspired him then and what still inspires him is that people 
have the ability to make their lives better.
"As it is for individuals, so it is for our country because 
New Zealand has so much more potential. This is not as good as 
it gets."

Mr Key said New Zealand faces challenges but will rise to them 
because as a country New Zealand has tremendous capacity. He 
said that capacity includes producing food, landscapes and 
scenery and the "incredible kiwi ingenuity."
He said the road ahead may be rocky because of the financial 
global situation and everyone must work together.
ACT leader Rodney Hide told his supporters he had had a phone 
call from Mr Key congratulating him on his re-election. The 
pair plan to meet on Monday to discuss forming a new 
Government.

National newcomer 28-year-old Nikki Kaye snatched Judith 
Tizard's Auckland Central seat. Damien O'Connor lost his West 
Coast/Tasman seat to National's Chris Auchinvole. The New 
Plymouth MP, Transport Safety Minister and Associate Minister 
of Energy Harry Duynhoven, is out of a job after losing to 
National's Jonathan Young. Mr Duynhoven is not on Labour's 
list. Labour's Otaki seat held by Darren Hughes fell to 
National's Nathan Guy and New Zealand First leader Winston 
Peters has lost his seat for the first time in three decades. 
He graciously called National's Simon Bridges a "bright young 
guy." The Greens won eight seats. Co-leader Jeanette 
Fitzsimons said she was disappointed National has won the 
election but has vowed to work with the party. She is hoping 
to pick up an additional seat with the special votes which 
generally favour the Greens.

(Michael Cullen followed his leader, and also resigned from 
the leadership of the Labour Party. Phil Goff and Annette King 
are their likely successors - BH)

Monday, 3 November 2008
~~~~~~~~~~~~~~~~~~~~~~~

GREENS WON'T WORK IN CABINET WITH PETERS
----------------------------------------

The Green Party has ruled out sitting around the Cabinet table 
with New Zealand First leader Winston Peters. It follows the 
latest round of allegations that Mr Peters accepted donations 
for policy deals. Green co-leader Russel Norman says the new 
allegations are extremely serious, and it would be too 
difficult for the party to work with Mr Peters. He says it is 
clear Mr Peters is under a lot of pressure, and the stress he 
is under is beginning to show. Dr Norman says there needs to 
be a full scale inquiry into the allegations. 

(As is now obvious, Mr Peters is no longer in the house, and 
the Greens are not invited to be part of the cabinet. - BH)

SALARIES AND WAGES RISE 3.6 PERCENT
-----------------------------------

Salaries and wages rose 3.6 percent in the year to September. 
Statistics New Zealand says it is the largest annual increase 
recorded since the series began in 1992. The increase for the 
September quarter was 1.1 percent, up from increases of 0.8 
and 0.7 in the June and March quarters. 
 
(Inflation was just a little North of 5% so on average, we all 
went backwards. - BH)

RAIL EXCHANGE FOR STH AUCK WELCOMED
-----------------------------------

An Auckland business leader is welcoming an economic package 
to bring forward funding for a better rail exchange in Manukau 
City. The project involves an upgrade of the rail exchange at 
the inland port in Wiri and follows Labour's announcement it 
will fast track the government's spending plans to mitigate 
the economic downturn. Michael Barnett, CEO of the Auckland 
Chamber of Commerce says 100,000 truck trips a year will be 
removed from Auckland's southern motorway, as result of more 
freight being carried by rail.

LAWYERS BELIEVE JURORS HAVE ENOUGH INFO
---------------------------------------

The trial of Liam Reid has renewed calls for jurors to have 
more information about the past convictions of people on 
trial, but lawyers are firmly against the idea. Reid was 
convicted on Friday of the rape and murder of Emma Agnew a 
year ago and of the rape and attempted murder of another woman 
a few days later. He has previous convictions for violence and 
had also been acquitted of abduction, sexual violation and 
attempting to kill a woman in 2002. Garth McVicar from the 
Sensible Sentencing Trust says jurors would have built up a 
better picture of Reid if they had been aware of his previous 
offending. "You'd find that with those guys who are very fast 
becoming career criminals, the jury would convict them a lot 
easier. They'd look at his previous history and say, hey, this 
guy, we're never going to be able to rehabilitate them, so 
let's make the safety of the community paramount." He says New 
Zealand is lagging behind other countries by not revealing an 
accused's past convictions. "It's happening in Britain now and 
in other countries I've visited. It's just New Zealand seems 
to be well behind the eight ball. I think the legal process in 
this country is being driven by the defence lawyers and a 
bunch of liberals." But Christchurch lawyer Nigel Hampton QC 
says research shows that people will tend to be influenced by 
past convictions and put them above the evidence presented, 
which can lead to wrongful convictions. Mr Hampton says the 
legal community would be very reluctant to see the system 
change. 
 
(I think the lawyers are wrong, not as a matter of law, but as 
a matter of values. - BH)

GREENS WANT MORE TRANSPARENCY
-----------------------------

The Greens are calling on the government to be more 
transparent with the public, claiming a lot of things are 
being kept secret from the public that do not need to be. The 
party will hold a media conference outside Parliament this 
morning to shed some light on what it claims are the "hidden 
workings of the Government." Green Party co-leader Russel 
Norman says New Zealanders have lost faith in democracy, given 
the recent political donation dramas. "Obviously the whole 
funding scandal around New Zealand First has been one of the 
biggest issues of recent times but obviously at the last 
election we had the whole funding scandal around National. So 
I think we need to tidy that up and make it more open and 
transparent." Mr Norman wants to "cast away a few shadows 
obscuring the Government and its procedures."

SWARM OF SMALL QUAKES
---------------------

There has been a succession of small earthquakes in the Bay of 
Plenty and Wellington. The largest of the three jolts was felt 
in Bay of Plenty at 11.59pm last night. It measured 4.3 on the 
Richter scale and was centred 10km north of Matata at a depth 
of five kilometres. A few minutes after at 12.03, a magnitude 
3.6 quake was felt in the same area. At 3am, there was a 
magnitude 3.7 quake, centred 30 kilometres north-east of 
Wellington.

Tuesday, 4 November 2008
~~~~~~~~~~~~~~~~~~~~~~~~

MORE FOREIGN TRAINED TEACHERS FOR NZ?
-------------------------------------

Labour wants to make it easier for foreign trained teachers to 
work in New Zealand. The party has released its schools policy 
and is promising to boost the number of teachers, and increase 
funding. Labour says there needs to be better recognition of 
those who teach overseas, and they plan to develop a bonded 
bridging programme to help foreign trained teachers to work in 
New Zealand. The party also plans to ensure every high school 
student has a personalised education plan, that every school 
has at least two teaching staff, and that it will introduce a 
leaving age of 17 in 2011 rising to 18 by 2014.

MAORI PARTY KEEN TO GIVE POOR FAMILIES $500
-------------------------------------------

The Maori Party wants to see all families with children living 
below the poverty line receive a one-off payment of $500 next 
month. Hauraki-Waikato candidate Angeline Greensill says the 
tax free payment would be a welcome relief for the 230,000 
children, and their families, who are living in poverty. She 
says while it would be a temporary measure, it has been one 
which has been successfully applied in Australia. Co-leader 
Pita Sharples says the $500 payment would cost around $136 
million, or just one percent of the $150 billion the 
Government is offering to support the banking sector. 
 
(It would be an uphill battle, I suspect, to persuade the new 
government of this - BH)

CULLEN TALKS UP DEFICIT
-----------------------

Finance Minister Michael Cullen is talking up his handling of 
the economy amid new Treasury figures showing the Government's 
books have nose-dived into the red. The books show an 
operating deficit of $757 million in the three months to 
September. A surplus of $943 million had earlier been 
forecast. Treasury says the main reason is unrealised losses 
on government investments caused by turbulence on global share 
markets. The loss could have been worse if it was not for tax 
revenue being half a billion dollars higher than forecast. 
Finance Minister Michael Cullen says New Zealand is in a 
better position to weather the current economic situation 
because of the Government's decision not to blow the surplus 
in the good times. However, ANZ chief economist Cameron Bagrie 
is lukewarm about the figures. "If you look at the underlying 
numbers, it actually came in a little bit above expectations. 
Our tax take is still holding up reasonably well, a little bit 
above expectations, timing influences are likely to play a 
role. So, you look at the overall numbers and there's not too 
much to get excited about."

CHILDHOOD OBESITY LINKED WITH LACK OF SLEEP
-------------------------------------------

A lack of sleep during childhood may be contributing to the 
increasing rates of adult obesity. Otago University has 
followed more than 1,000 children born in Dunedin between 1972 
and 1973. It found that children who spent less time in bed 
between the ages of five and 11 have higher body mass indexes 
as adults. Lead author Erik Landhuis says they were also 
significantly more likely to be obese. He says children today 
are probably getting less sleep than children were about 30 
years ago, which coincides with the increasing rates of 
obesity. The researchers were able to rule out television 
watching, socio-economic factors and parental history of 
obesity as possible explanations for the results. Dr Landhuis 
says sleep deprivation may disrupt the hormone that regulates 
appetite. He says worldwide trends show a significant 
reduction in children's sleep times over the past 30 years. 
The research will be published in the prestigious US journal 
'Pediatrics'.

MANIFESTO SAYS RURAL SECTOR KEY TO RECOVERY
-------------------------------------------

Farmers are calling for clear policy frameworks around 
infrastructure and development to help steer the country out 
of recession. Federated Farmers launched its manifesto at 
Wellington's railway station this morning. The organisation 
says farming is the key to weathering the recession and the 
document focuses on an economic transformation which will 
benefit New Zealanders and their standard of living. President 
Don Nicolson says agriculture is the backbone of the economy 
and important to everyone. He says political parties should 
rethink the emissions trading scheme and make sure farm 
animals are left out of it. ?New Zealand's comparative 
advantage is growing grass and converting it into protein more 
efficiently than anyone else on the planet. Our primary sector 
earns 65 percent of all our foreign exchange, which not only 
provides jobs across the country but helps pay New Zealand's 
bills. "The economic climate is challenging to say the least. 
We are in recession with ongoing fiscal, trade and balance of 
payments deficits forecast and the world is anything but 
certain. With the dairy payout forecast to be $1.2 billion 
lower next year and our sheep numbers down by nine million, 
this impacts not just our rural communities, but our urban 
ones too." Mr Nicolson what is needed is increased trade 
access, good market returns and competitive input and 
compliance costs. He says the manifesto shows political 
parties where they can take the industry if they have the 
fortitude to do so. Agriculture Minister and Progressive 
leader Jim Anderton is congratulating Federated Farmers for 
its contribution to the debate about the economy's future 
direction. He says it is important that everyone appreciates 
the productivity of the primary industries and how they 
benefit the entire country. "Primary industry productivity has 
been three times higher as that of the general economy since 
the 1980s. "That is a legacy of the past ? investments made 30 
years ago into research and development that paid off for our 
primary industries. "Many of our primary industries are our 
most science-based, our most research and development-based, 
and our most innovative industries. There is as much science 
in landing a fresh gold kiwifruit or lamb chop in a foreign 
supermarket, as there is in a flat screen television set." Mr 
Anderton says New Zealand could not afford to coast on that 
legacy of investment any longer and that it is time to fund 
innovation, research and development.

GOVERNMENT ACCOUNTS IN THE RED
------------------------------

The Government's accounts are in the red, with an operating 
deficit of $757 million for the three months to September. 
That is in contrast to a forecast operating surplus of $943 
million. Treasury is blaming the deficit on a $1.8 billion 
loss in the investment portfolios of the Crown financial 
institutions. It says there was also a $400 million loss 
arising from a drop in discount rates used for the valuation 
of ACC's outstanding claims liabilities. Treasury says the 
losses were partially offset by tax revenues which were $500 
million higher than forecast.

BEST PAY RATES IN WELLINGTON
----------------------------

Wellington is the place to be for better pay rates. The latest 
Labour Cost Index from Statistics New Zealand shows that 
nationwide, there was a 3.6 percent rise in salary and wages 
in the year to September. It is the largest annual increase 
recorded since the index started in 1992. But in the capital, 
the average hourly earnings has increased by 7.2 percent to 
the highest rate in the country at $27.43. Charles Finny from 
the Wellington Chamber of Commerce says the increase is being 
driven by the public sector which is forcing private 
businesses to increase their wages as well. He says there are 
a limited number of good workers in this economy and the 
private sector wants to recruit them, but right now, the 
government is dangling a more exciting carrot. Mr Finny 
believes it is currently a good time to look for a new job 
before the economy tightens up next year. The Canterbury 
Chamber of Commerce is warning the record wage increases of 
recent times will not continue. Chief executive Peter Townsend 
says the future picture is not looking so bright. "The way the 
economy is tightening up at the moment, you'd be very 
optimistic to expect this trend to continue, although I have 
to say there are still gaps in the market where there are 
still skill shortages and that will put upward pressure on 
wages." Mr Townsend says businesses in Canterbury, like the 
rest of the country, are facing hard economics times and the 
Chamber is helping out with redundancy measures and corporate 
restructuring.

(Silly generalisation. Certainly not true in the tertiary 
education sector. - BH)

Wednesday, 5 November 2008
~~~~~~~~~~~~~~~~~~~~~~~~~~

LABOUR ANNOUNCES PLUNKET FUNDING BOOST
--------------------------------------

Just days from the election, Labour has announced a funding 
boost for Plunket. It will get $3 million a year to deliver 
more Wellchild checks. Associate Health Minister Steve 
Chadwick says an unexpected rise in the number of births means 
Plunket is having trouble meeting the increase in demand for 
its services.

PARLIAMENT COMPLAINTS PROCEDURE MOOTED
--------------------------------------

Progressives leader Jim Anderton is calling for the incoming 
Parliament to set up a complaints procedure to stop police 
time being wasted with politicking. It follows news police 
have cleared New Zealand First over complaints laid by Act's 
Rodney Hide. Mr Anderton says police resources are needed to 
investigate crime, not stunts to make a rival politician look 
shady. He says it would be better to have an independent 
investigator appointed to look into such complaints to reduce 
the pressure on other agencies.

TRANS-TASMAN GREENS TARGET FOOD LABELS
--------------------------------------

The Green Party has announced it will work with its 
counterparts in Australia to revamp food labelling laws on 
both sides of the Tasman. The announcement comes as Australian 
Green MP, Senator Bob Brown, visits Auckland. He says it is 
time food labelling was more effective and truthful. Senator 
Brown says New Zealand does not have mandatory country of 
original labelling. He says he cannot understand why 
governments would oppose something as basic as consumers' 
right to know where their food comes from.

EXPORTERS DRINK IN WINE FIGURES
-------------------------------

Wine exports have reached a new high. More than $100 million 
worth was shipped overseas in September, which equates to more 
than 14 million bottles or almost 11 million litres of wine. 
It is a monthly record for volume and value. New Zealand 
Winegrowers Chief Executive, Philip Gregan, says the industry 
is on track to achieve its target of $1 billion in exports by 
2010.

Thursday, 6 November 2008
~~~~~~~~~~~~~~~~~~~~~~~~~

POLLS PICK NATIONAL-LED GOVERNMENT
----------------------------------

Two opinion polls out tonight signal a National-led Government 
is on the cards after election day. A One News' Colmar Brunton 
Poll and TV3's TNS Poll both have National with a respective 
13 point lead and 12 point lead over Labour - two days from 
the election. National has more than 45 percent support in 
both polls, and would have the numbers, with support from ACT 
and United Future, to form a Government. Both polls have 
Labour at 35 percent and below. With New Zealand First failing 
to make the five percent MMP threshold, the figures show 
Labour unable to muster the numbers to take the Treasury 
benches. 
 
(The polls were well within the ball park and were, on the 
whole good indicators of the outcome, except that the Greens 
got fewer votes - and seats - than the predictions. - BH)

REGULATION FOR TERMINATION CHARGES POSSIBLE
-------------------------------------------

The Commerce Commission is investigating whether mobile phone 
termination access services should be regulated. The 
commission feels phone companies are charging too much for 
termination services, which are the prices charged for calls 
and text messages received from different phone networks. The 
commission says there are reasonable grounds to investigate 
because there are indications the charges in New Zealand are 
significantly above the cost of providing the service. The 
commission says it is also considering whether there are 
grounds to regulate mobile roaming charges.

LABOUR BIGGEST RECIPIENT OF UNION'S DONATION
--------------------------------------------

The country's largest union has released details of its 
donations to political parties. The Engineering, Printing and 
Manufacturing Union has given $60,000 to Labour. The donation 
is the union's largest. It has also given $5,000 to the 
Greens, $4,000 to the Maori Party and $1,000 to the 
Progressives.

UNEMPLOYMENT HITS 4.2 PERCENT
-----------------------------

Unemployment has risen to 4.2 percent, following an increase 
of 0.3 percent in the September quarter. In September 2008, 
there were 94,000 people unemployed, 16,000 more than there 
had been a year earlier. It is the highest level of 
unemployment since December 2003. While the unemployment rate 
has increased, so has labour work force participation. There 
were 3,000 more people in jobs during the September quarter, 
mostly caused by an increase in the female workforce. 
Statistics New Zealand says there are 5,000 fewer men in work, 
but 8,000 more women in work.

CLARK NOT RULING OUT MAORI PARTY MP IN CABINET
----------------------------------------------

Prime Minister Helen Clark is refusing to rule out a Maori 
Party MP becoming a Minister of Maori Affairs in a Labour-led 
government. In recent weeks, Miss Clark has been warming to 
the idea of forming an agreement with the Maori Party after 
the election. When asked whether one of the Maori Party's four 
MPs could become Maori Affairs Minister, Miss Clark hedged her 
bets. She said she has tremendous confidence in Parekura 
Horomia, who currently holds the portfolio, so the issue of 
who gets what will be decided after the election. Miss Clark 
says minor parties have every right to talk to the major party 
about what the nature of that relationship is during talks 
after the election.

UNIVERSAL STUDENT ALLOWANCE NOT COSTED
--------------------------------------

It appears Labour's universal student allowance package has 
never been costed by Treasury. Prime Minister Helen Clark 
launched the policy on the first week of the campaign 
announcing means testing on student allowances would be phased 
out by 2012. When fully implemented Labour put the cost of the 
package at $210 million a year, but in response to an Official 
Information Act request, Treasury says it provided no advice, 
no briefings, papers, or documents to the Government regarding 
the package. That suggests the initiative has not been 
formally costed.

Friday, 7 November 2008
~~~~~~~~~~~~~~~~~~~~~~~

RESERVE BANK OFFERS BANKS SHORT TERM HELP
-----------------------------------------

The Reserve Bank has announced two new measures to give New 
Zealand banks a helping hand in the short term. The new 
facilities will support banking system liquidity at a time 
when offshore markets remain disrupted. They involve extra 
lender facilities to banks. Reserve Bank head of 
communications Mike Hannah says the facilities will help banks 
cope with the lead up to the Christmas period. He says 
basically the Reserve Bank is assuring New Zealand banks that 
more cash will be available for borrowing.

GAP NARROWS IN FINAL ELECTION POLL
----------------------------------

Hope for Labour in the last of the opinion polls out before 
election day. The Roy Morgan poll has the gap between National 
and Labour down to just 7.5 percent. That compares with the 11 
to 18 points in the TV and newspaper polls released in the 
last 24 hours. National has fallen one percent to 42 percent. 
Labour is up 2.5 points to 34.5. New Zealand First also has a 
glimmer of hope at four and a half percent, just below the MMP 
threshold.

(Will-o'-the-wisp comes to mind - BH)

TOURISM INDUSTRY BRACES FOR QUIET SUMMER
----------------------------------------

The tourism industry is bracing for hundreds of millions of 
dollars of downturn in business this summer. Tourism New 
Zealand chief executive George Hickton says that is the 
expected impact of the global recession on tourism. He says 
visitor numbers are already down and are expected to fall off 
by at least 10 percent as people postpone travelling. Mr 
Hickton says that at least half a billion dollars less in 
tourism receipts and it will have a big impact. He says they 
have greater concern for the low season after April next years 
because forwards booking a very light.

UNDECIDED VOTERS CRUCIAL FOR LABOUR
-----------------------------------

Labour leader Helen Clark is banking on getting support from 
undecided voters if the party is to be in with a chance of 
forming the next government. She is spending the final day of 
the campaign touring around Auckland. Her deputy Michael 
Cullen has joined Helen Clark on the campaign trail for the 
first time today. They have been on a walkabout of WestCity 
shopping mall in West Auckland, accompanied by several other 
Labour MPs; Chris Carter, Lynne Pillay and Darien Fenton. 
According to the polls the hill may prove just too steep for 
the Prime Minister to get a fourth term in office. However she 
is remaining optimistic she still has a chance of a fourth 
term. Her first stop this morning was Manurewa Primary School, 
where she told staff Labour is in with a chance if undecided 
voters back her tomorrow. Miss Clark will spend the rest of 
the day touring Auckland shopping malls and factories. She is 
hoping to boost the turnout of voters, particularly in South 
Auckland, which she believes will benefit Labour.

UNITED FUTURE PITCHES "MODERATING INFLUENCE"
--------------------------------------------

United Future is making a last minute play to be the 
moderating influence in a National-led Government. The Party, 
along with ACT, is committed to form a partnership with 
National after election day tomorrow. Based on the latest 
opinion polls, the coalition bloc has a realistic chance of 
becoming the Government. United Future leader Peter Dunne says 
one thing he has picked up on the campaign trail is a very 
strong fear of a National Government being dominated by ACT 
and Sir Roger Douglas. He says there is a real concern that 
Sir Roger will pull Rodney Hide's strings - and people are 
scared stiff of a return to the 1980s. Mr Dunne says the more 
votes his party gets the less influence Sir Roger, and ACT, 
will have. Mr Hide denies he is Sir Roger's puppet, saying no-
ones ever pulls his strings. He says he listens to Sir Roger 
as he would any other member of his team. Mr Hide says Mr 
Dunne's position in the centre has been marginalised because 
of policy moves by National. 
 
(One of the satisfying outcomes of the election was the 
rejection of these people ... just a little further and I could 
have had an MP in whom I might believe - BH)

CAR DEALERS HIT HARD TIMES
--------------------------

Sales of new and used cars are continuing to fall, forcing 
dealerships in some areas to close yards and lay off staff. 
Andy Cummings from the Motor Trade Association says sales of 
used imports are taking the biggest hit, down 22 percent in 
the year to October, while sales of new cars are down three 
percent. He says the new vehicle market had been performing 
strongly in recent years, but in the last 12 months several 
factors have had an impact, including the economic recession, 
a move to smaller cars and the collapse of several finance 
companies. Mr Cummings says there is no evidence of widespread 
lay-offs, but anecdotally he has heard of some dealerships 
where staff have lost jobs.

BAN WANTED ON SMOKING IN CARS
-----------------------------

There is a call for a ban on smoking in cars when young 
children are present. The research, published in today's New 
Zealand Medical Journal, reveals 96 percent of smokers 
surveyed are in favour of such a ban. Lead author George 
Thomson says other countries have brought in similar laws and 
the issue is something the next government could look at. Dr 
Thomson says politicians have been hesitant about proposing 
such a ban in the past because they have thought it would be 
unpopular and have argued that education should be the first 
step. He believes that in general, smokers tend to be very 
considerate about the health implications of smoking near 
children.

MASSIVE DROP IN Q1 NET EARNINGS FOR TELECOM
-------------------------------------------

Telecom has suffered a massive drop in first quarter net 
earnings. Figures for the September quarter are down 33.8 
percent, to $149 million compared with the same period last 
year. Costs were five percent higher. Telecom says the result 
reflects salary inflation and increased staffing to deliver 
the government-enforced operational separation, which opens 
its network to competitors. Capital expenditure for the 
quarter was up 63 percent to $340 million. Chief executive 
Paul Reynolds says the figures reflect a significant 
investment for the long term health of Telecom's businesses. 
He says the key drivers of revenue growth were broadband and 
IT services, which both delivered double-digit growth compared 
with the same quarter last year. Telecom's shares have dropped 
nearly 48 percent this year and closed last night at $2.27.

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