News and Current Affairs.
Main Stories:
The New Zealand share market rallied today, recovering about a quarter of what was lost yesterday, but still remained nervous. Speakers: John Rowley (Partner, Buttle Wilson), Michael Benjamin (Chmn Auckland Stock Exchange Assn).
The winners and (mostly) losers of the share market collapse are examined. Speaker: Professor Don Trow (Victoria University).
Reports from the New York and London share markets.
In Washington President Reagan continues to express his confidence in the United State economy, while the Federal Reserve Board has said it is ready to help support the financial system. The current crash is compared with events of 1929.
The cabinet will be considering its response to events in Fiji tomorrow. David Lange is interviewed about the issue. Speaker: David Lange (Prime Minister).
Other Stories:
The Government has decided to give people interested in buying Petrocorp shares another three weeks to register.
Koro Wetere, Maori Affairs Minister, denies accusations by Winston Peters that the Government is trying to cover up failings in the financial affairs of the Maori Affairs Department.
Some private geothermal bores in Rotorua have been closed down by the Ministry of Energy. Speakers: David Butcher (Energy Minister).
A United States airforce fighter jet has crashed into an Indianapolis hotel killing at least 9 people.
United States warships continue to escort re-flagged oil tankers in the Persian Gulf. Meanwhile video of the attack on Iranian oil platforms has been released.
Humphrey, the rogue Coromandel elephant seal, has had an electric fence built around him to stop his amorous advances on nearby cows.
World Watch:
Several reports on the world share market crash. President Reagan is willing to consider congressional proposals for new taxes and to cut the budget deficit Speakers: Ronald Reagan (United States President), Charles L. Schultze (Economist).
Meanwhile London analysts have a number of theories about the reasons for the crash, including computer share trading. Speakers: Nigel Lawson (Chancellor of the Exchequer).
The day after the crash the effects on American individual and institutional share holders is examined. Speakers: Lawrence Kudlow (Economist).
In Britain there are calls for child abuse victims to be allowed to give evidence via video.
Also in Britain weather forecasters are under fire for not predicting the hurricanes that hit last week. Speakers: Dr John Houghton (Met Office Director-General).