Federal Reserve Interest Rates – Kiwi Interest Rates – Nick Smith Defamation – Yelash Defamation – Israel – Runaway
Train – Nurse Practitioners – Smoke Free Bars – All Blacks
FEDERAL RESERVE INTEREST RATES: The Federal Reserve Bank has cut US Federal Fund interest rates by another 50 basis
points to 4%, the lowest level in seven years. Stocks rallied on the news and then slipped back.
KIWI INTEREST RATES: The NZ Reserve Bank is tipped to cut interest rates by 25 basis points to 5.75% today. WestpacTrust
says that the bank should go further and cut by 50 basis points.
NICK SMITH DEFAMATION: A defamation case involving former National Minister Nick Smith is being reconsidered for
possible government assistance. Smith is being sued by Christchurch businessman Dave Henderson over a column he wrote
defending IRD staff.
YELASH DEFAMATION: Parliament’s Speaker is to be asked to investigate a breach of privilege by Attorney General Margaret
Wilson in relation to the Yelash defamation payout. Wilson said yesterday that Peter Williams suggested a secrecy
clause. Williams denies this.
ISRAEL: Violence has flared in Palestinian territories as a “Day of Catastrophe” is marked. The day marks the
anniversary of the creation of Israel in 1948. Israel’s Foreign Minister says that peace talks are the only way forward.
RUNAWAY TRAIN: A freight train is running out of control in North East Ohio. The train is running south, south of
NURSE PRACTITIONERS: Doctors say that a new level of qualification for nurses, as “nurse practitioners” able to
proscribe some drugs, has risks associated with it.
SMOKE FREE BARS: The Government is still short of the numbers needed to make bars and restaurants at least half smoke
free. The crucial votes of the Greens have not yet been promised to the bill.
ALL BLACKS: The All Blacks coach has confirmed he will name is 30 strong training squad this weekend.