Morning report. 1997-10-30.

Rights Information
Year
1997
Reference
59233
Media type
Audio
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Rights Information
Year
1997
Reference
59233
Media type
Audio
Categories
Nonfiction radio programs
Radio news programs
Radio programs
Sound recordings
Duration
02:02:34
Credits
RNZ Collection
Plunket, Sean, Presenter
Radich, Eva, Presenter
Walley, Allan, Editor
Corbett, Maree, Producer
Davies, Jenny, Producer
Espiner, Colin, Producer
Thomas, Gabriel, Producer
National Radio (N.Z.) (estab. 1986, closed 2007), Broadcaster

0600 NEWS/SPORTS/WEATHER
0609 NZ NEWSPAPERS
0611 Māori NEWS
0616 NEWS STORY: STOCK MARKET - AK Univ lecturer in finance and property, Ed Schuck, casts doubt on ability of investment advisors to beat market. Recent stock market upheavals noted for unpredictability. (Eric Frykberg)
0621 RURAL NEWS
0626 SPORTS STORY: EUROPEAN SPORT - live i/v with correspondent John Daniell.
0630 NEWS/WEATHER
0636 NEWS STORY: AK AIRPORT - Finance minister Bill Birch releases preview of scoping report which recommends govt sell its shareholding of just over 50% in AK International Airport but says decision some way off. (Kerry Lamont)
0640 OVERSEAS NEWSPAPERS
0642 MANA NEWS
0651 BUSINESS AND FINANCIAL NEWS: TOP EXPORTER of year is Waikato company, Swedish-owned Svedala NZ, which exports rock crushers worth $20 million a year from Matamata base. I/v with managing director Andrew Lusty. (Rodney Joyce) AK AIRPORT - Finance minister Bill Birch releases preview of report recommending govt sell shareholding in airport. (q) (Tama Muru) P C GENERAL computer retailer stops trading, unclear if it will resume. Consumers'Inst chief exec david Russell says if company has failed, customers will need to register as unsecured creditors. STOCK MARKET - NZ Stock Exchange chair Eion Edgar opposes introduction of "circuit breakers" - mechanisms Wall St has built in to halt trading when falls are too great. (Eric Frykberg) STOCK MARKET - record gain on NZ market writes $5 billion back into investors' portfolios. (Rodney Joyce) LION NATHAN announces annual result this morning but there's speculation re shake-out of lossmaking soft drink empire and sale of 83.5% stake in Pepsi Australia to Cadbury Schweppes. (Rodney Joyce) FINANCE/MARKETS STOCK MARKET big swings should be over but Ord Minnett director of equities John Rattray says not to expect market to return to normal immediately and warns against trying to apply too much logic to what happened. (Rodney Joyce) TAXATION - TRANSFER PRICING - Inland Revenue issues guidelines today. Rules aim to stop multinationals profit-stripping and using subsidiaries as way of maximising returns while minimising tax bills. Live i/v with IRD general manager of policy, Robin Oliver.
0700 INTRO/NEWS STOCK MARKET - US Federal Reserve chair Alan Greenspan says recent turmoil will be seen as salutary in a few years' time. Live i/v with Wall St correspondent Richard Quest, who explains such terms as "dead cat bouncing". STOCK MARKET - live i/v with Treasurer Winston Peters. He's also i/ved about WN Grey Power rally where he was given hostile reception. STOCK MARKET - live i/v with Economics correspondent Bronwen Evans. CHINA/US - President Clinton welcomes President Jiang to White House. Prayer vigils and protest rallies held in Washington in protest at China's policies on human rights and Tibet. Live i/v with correspondent Simon Marks.
0730 NEWS/WEATHER/SPORTS FINANCE UPDATE AK AIRPORT - NZ Chambers of Commerce supports sale of govt shares to private sector but some local councils not keen. AK councils own nearly 48% of shares. Live i/v with chair of NZ Chambers of Commerce, Michael Barnett, and Manakau illegible Sir Barry Curtis. TEENAGE OFFENDER - alleged that David Tufala, found hangin in cell at Mt Eden, has been assaulted by prison guard. Allegation prompts calls for thorough and transparent investigation into circumstances surrounding his death. Comment from Labour MP Phil Goff, sociologist Greg Newbold, lawyer Kevin Ryan. (Lisa Owen) FOREIGN AFFAIRS - OECD - PM Jim Bolger meets secretary general Don Johnston, discusses stock market and Multilateral Agreement on Investment. Live i/v with Political correspondent Stephen Harris. POLITICIANS - Assn of Former MPs forms committee to try to reverse "declining public perception" of MPs. How can MPs improve image? Comment from Brenda Wilson, Nurses' Orgn, Police Assn president Greg O'Connor, Sir Robert Jones, and former clerk of House Charles Littlejohn. (Sharon Brettkelly) P C GENERAL, one of largest NZ-owned computer retailers, goes into receivership. Computer expert Jim higgins says aggressive new competitors and high customer expectations will have contributed to downfall - i/ved live.
0800 NEWS/WEATHER STOCK MARKET - world markets bouncing back. Live i/v with Richard Quest re Dow Jones performance. STOCK MARKET -- what makes the markets tick? Comment from NZ Stock Exchange chair Eion Edgar, AK Univ property and finance lecturer Ed Schuck, and John Rattray of Ord Minnett brokers. (Eric Frykberg); what are the lessons from this week's crash? Live i/v with Massey Univ Professor of Agribusiness Bill Bailey and Ian Waddell, Hendry Hay McIntosh broker. SCHOOL SUSPENSIONS - Youth Law Project critical of Education minister for deciding not to establish independent tribunal to review suspensions. Wyatt Creech says new Bill will make process fairer and separate tribunal not needed but David Fleming, Youth Law Project, disagrees - both i/ved live. PETROL PRICE - as AK moves into 3rd day of cheaper petrol, people elsewhere illegible when the price wars will reach them. Comment from AA secretary general George Fairbairn, BP garage owners Margaret Holmes and Chris Switalla, and taxi driver Ian Gaskin. (Caitlin Cherry) GREECE - SHIPWRECK - divers planning to explore world's biggest wreck this weekend to shed more light on mysterious circumstances surrounding WWI sinking. "Britannic", sister ship to "Titanic", sank in Kea channel in 1916. Live i/v with correspondent Louis Economopoulos.
0830 NEWS/SPORTS RUGBY - AWARDS - NZ top players honoured at awards ceremony in AK. Live i/v with Jeff Wilson, winner of Kelvin Tremain Memorial Trophy. INTERNATIONAL PAPERS TIMBERLANDS WEST COAST, state-owned forestry company, under inspection by primary production select committee. Committee holds public meeting in Hokitika as part of financial review. Comment from logging protestor Annette Cotter, Timberlands' Kit Richards, committee chair Eric Roy and vox pops. (Helen Shea) BRITAIN - TATE GALLERY - new exhibition featuring fluff from St Paul's cathedral and hour long video of silent, seated police, attracting huge crowds and criticism. Show promises to be as controversial as past exhibitions. I/v with curator Simon Wilson. RUSSIA - STOCK MARKET - i/v with correspondent Andrew Harding re how Russia's market has been affected world activities. (Mng Rpt) FRUIT AND VEG REPORT with Jack Forsythe.