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May 22, 2012
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No surprises there: Reserve Bank Governor Alan
Bollard has opted to leave the official cash rate unchanged, saying the
economy has performed “relatively well” amidst global turmoil. ASB economist Christina Leung said the RBNZ was clearly very
concerned about increased global economic and financial risks, however, having
revised down its medium‐term growth outlook.
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Room for public debate is shrinking with the New Zealand media becoming a plaything of global shareholders, researchers warn. As a result, they are now economising, digitising and monetising,
with dire consequences for those employed in the industry, and consumers.
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New Zealand is already reaping the benefits of
extra Rugby World Cup tourist spending, with Paymark reporting a surge
in transactions even before the opening ceremony kicked off. Paymark
head of sales and marketing Paul Whiston said the impact of the Cup on
the retail
landscape was already evident, with total foreign card spending through
the network up 27.4 percent over the weekend compared to the same period
last year.
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Kiwis are choosing to make more cross-network
calls and text messages following the the Commerce Commission’s decision
to slash mobile termination rates earlier this year. Four months after cutting wholesale termination rates for mobile calls
and texts, the commission’s first mobile monitoring
report released today indicated traffic across networks was up in the period from May-July and that the difference between
the average costs of calls both within and between networks had narrowed.
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Mighty River Power will get its Turitea wind farm, albeit with only
60 of the 104 turbines originally planned. The board of inquiry released
its final decision last week after Mighty River Power lodged resource
consent applications back in 2008 to construct, maintain and operate a
wind farm in the Turitea Reserve and adjoining farmland near Palmerston
North. But the news doesn’t necessarily mean the company will go ahead
with its construction.
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While at first glance the Fire Service and Hell
Pizza might seem an unlikely pair, they’ve teamed up to put the ‘Don’t
drink and fry’ message on more than a million pizza boxes and 100,000
scratch-and-win tickets to be distributed in hospitality areas at
night over the next two months. And M&C Saatchi has also launched a couple of
fairly unique campaigns in the same vein, one featuring revellers after a
big night out discussing the perils of drinking and frying, and another
reminding the thousands of rugby fans from around the world – many of
whom will be touring the country in campervans – of the hazards of drunk
cooking and lighting candles with a few remixes of classic country hits.
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