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May 22, 2012
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New Zealand’s banking system is in a solid
position despite the global economic turmoil, but the road to recovery
will be a long one, experts say. The NZX – the first market to
open after Standard & Poor’s downgraded the US credit rating to
AA+ from AAA on Friday – fell 3.3 percent this morning to its lowest point in nearly a year. According to economists, we’re in a
better position today compared to three years ago, but the future is by no
means certain.
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Businesses are descending back into gloom as the US and European debt crises ramp up, relapsing to a four-month
low, the BNZ’s monthly
survey shows. Only 22 percent of respondents in the August survey expected the
economy to improve in the year ahead, compared with 45 percent in July
and a record 57 percent in June.
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The Pure Advantage group may only be a
couple of months old, but it has added another prominent New Zealander to its
ranks, this time by way of 2011’s New Zealander of the Year, scientist and
businessman Sir Paul Callaghan. Callaghan, a world-leading scientist
on the field of nanotechnology and magnetic resonance, joins the Pure Advantage
ranks as a trustee and according to group chairman Rob Morrison, the real
advantage is in Callaghan’s deep understanding of the opportunities New Zealand
has to create a green economy as a path to greater prosperity.
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When it comes to mangling statistics, the media have been guilty of their fair share of whoppers. And the Stats Chat blog wants to hear some of your best examples for a new weekly competition (not unlike Sciblogs’ recent roundup of the best and worst science stories for the year). And as thanks for helping to foster better mathematical understanding, there’s an iTunes voucher up for grabs.
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The mechanical typewriter
factory has received a final fatal blow from the
computer, a decade after much of the rest of
the world heard the final page-edge bell. But don’t
feel too nostalgic – the Typewriter Keyboard
Sound app is still alive and well.
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Earle Dickson’s brainchild saw him move up the Johnson & Johnson ranks from lowly drone to VP. He came up with the Band-Aid in 1920; his
wife apparently used to cut herself frequently while cooking, and this way she could simply patch herself up without his help. Do you have an innovation to share? Enter the Innovator Awards and you could be up in lights.
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