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The governor of the Reserve Bank, Dr Bollard, reduced the official cash rate (OCR) by half a percent from 3% to 2.5% today. For background to the OCR, listen to June 10th 2010 and follow the links. Most banks immediately dropped the floating mortgage
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Fonterra said today that the 11,000 dairy farmers in their co-operative will receive an opening price of $6.60 a kg of milk solids for the 2010 / 2011 year. They will also get 30c to 50c for each share they have in the company. In fact, the price cou
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Three finance companies are planning to merge to become a bank. At the moment, there is no name for this bank. The three finance companies are the Canterbury Building Society, Southern Cross Building Society and Marac finance which is owned by Pyne G
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Last week, John Key visited four Pacific Island countries: Tonga, Samoa, Niue and the Cook Islands. He spent one day in each country. New Zealand gives financial aid to each of these countries and one reason for the visit was to find out what each co
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To remember the Erebus crash 30 years ago, Air NZ is paying for six people to fly to Antarctica and visit Mt Erebus. The people chosen are family members of someone who was killed in that plane crash. These six people were chosen by ballot. To find o
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The funeral for Lieutenant Tim ODonnell was held today at Linton Military Camp. Linton is the nearest military camp to Tims hometown, Feilding. Tim was killed a week ago in Afghanistan. Listen to August 4th 2010 for more about what happened. He is th
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Paul Henry is a host of TV Ones Breakfast show. On Monday morning, he was interviewing the Prime Minister, John Key about choosing the next Governor-General. The present Governor-General is Sir Anand Satyanand. He is a New Zealander with an Indo-Fiji
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Senior high school students received their NCEA results last week. NCEA means National Certificate of Educational Achievement. Students in Year 11 need to get 80 credits at Level 1. Some of these credits are from work done in class and this is called
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A new Code of Conduct became law this week. It tells real estate agents how they must behave when helping you to buy or sell a house. First they must now have a licence from a new government agency, at a cost of $500. If you want to sell your house,
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There is a new law coming in that bans the use of hand-held cell phones while driving. From November 1st, drivers caught using a hand-held cell phone will be fined $80 and will get 20 demerit points. Licences are lost at 100 demerit points. According
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Daily life in Christchurch at the moment is difficult for thousands of people. To start with, about 50,000 people cannot go to work because the central business district the CBD is closed. Schools are closed so children are at home. Many people have
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The Airbus company has sent a message to airlines which use the Airbus 320 about maintenance or re-painting. The Air NZ Airbus 320 which crashed in France had just been repainted in Air NZ colours because it had been used by a German airline for two
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Christchurch city is holding a ceremony tonight at 6.30pm to farewell the godwits. People are encouraged to come to the beach with their cameras to see the godwits leave. The day and time are chosen because of the tides at that time. Not all the godw
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High school teachers will start their rolling strikes on Wednesday when Year 9 students have to stay at home. On Thursday there will be no Year 11 classes and next week Year 10 students will have no classes on one day. To go on strike means that teac
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NZ is well known for adventure tourism. These are the kinds of activities that young backpackers enjoy doing in our country. One of the first commercial adventures was bungy jumping but now there are many other activities. These include sky diving, p
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This week the Commerce Minister has announced there will be a new law to fine people who download films and music from the internet without paying. Illegal downloading is called piracy. Downloading music illegally is a big problem for the recording i
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Hone Harawira will stay away from Parliament for the next two weeks and think about his future. The Maori Party met on Thursday and the leader, Whatarangi Winiata, suggested that Hone leave the Party. He should resign from Parliament or resign from t
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Ever since 1921, Australia has refused to buy apples from New Zealand because some New Zealand apples had a disease called fire blight. This disease is common in North America and Europe but Australia and Japan do not have it and do not want it. The
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This is Maori language week, a time to think about the survival of the Maori language and to encourage more people to use it. Listen to more about the purpose of Maori language week: July 29 2009 About 18,000 people are fluent in Maori but the number
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On Tuesday, the Prime Minister of Fiji expelled the top diplomats of Australia and New Zealand and told them to leave in 24 hours. Then New Zealand told the Fijian diplomat in Wellington that he had to leave and go home. Fiji has expelled four New Ze
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