Morning report. 1997-10-28

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0616 NEWS STORY: STREET RACING - Manakau City councillors call on govt to intervene because they say bylaws have no teeth. 12 people appearing in court today on charges including assault and breaching peace following street race in South AK which ended with man allegedly attacking number of cars with front-end loader. (Mary-Jane Aggett)
0626 SPORTS STORY: US SPORTS - live i/v with "Sports Illustrated" Paul Witteman. (Florida Marlins win first World Series baseball title after only 5 years in existence, huge shake-up for baseball establishment)
0636 NEWS STORY: INVERCARGILL GANGS - 23 year old associate of Road Knights gang shot in leg at outdoor concert in city on Saturday night. Police say concert-goers fled with shots fired into crowd in gang-related incident. Mayor David Harrington horrified, hopes new laws giving police greater powers to tackle gangs will soon be passed by Parliament. (Mng Rpt)
0651 BUSINESS AND FINANCIAL NEWS: STOCK MARKET - local investors bracing themselves for another expected day of glom and turmoil. Anthony Thyne, head investment manager of BNZ's financial services group, unruffled by proceedings. (Gyles Beckford) FINANCE/MARKETS LION NATHAN expected to announce drop in annual profits this week, third in a row. Speculation also on whether Doug Myers will switch from being chief exec to exec chair and on sale of soft drink business. (Rodney Joyce) FUNDS MANAGEMENT - current manouevrings in industry being drive by access to fee income, according to Graham Rich, managing director of FPG Research. (Rodney Joyce) AMP's transition to public company looks certain, if first few members briefings are indicative. Vox pops from WN AMP members. (Rodney Joyce) COMMODITY REPORT BUSINESS BRIEFS


0700 INTRO NEWS STOCK MARKETS - Wall St falls by more than 1% for second day, while Hang Seng again sharply down, Australian market has also plunged. Brokers say NZ market likely to take lead from Wall St. Live i/v with Economics correspondent Bronwen Evans; live i/v with correspondent Patrick O'Connell re Wall St latest. CHOGM - live i/v with PM Jim Bolger. Official communique emphasised trade and investment but NZ position on trade liberalisation, global warming, and Nigeria not adopted by meeting. STREET RACING - South AK resident want clamp down on illegal drag racing before someone is killed. CH has also had has problems with illegal races in past, and councillor Gary Moore says dragsters need to be channelled into controlled racing, with proper safety standards. He's i/ved live, with AK councillor Alan Johnson.
0730 NEWS/WEATHER/SPORTS FINANCE UPDATE BRITAIN - EMU - Chancellor of Exchequer Gordon Brown spells out policy towards single European currency, following 2 weeks of confusion, says Britain not joining in 1999 because economy isn't ready and will not join during lifetime of current Parliament. (Keith Chalkley) MāORI PARLIAMENT- revival of little-known Māori King movement marked by drawn ceremony in AK, with new king coming form group of Māori which says it has links back to Waikato Tairea who it says was anointed in 1808. I/v with Māori Issues correspondent Chris Wikaira. INVERCARGILL GANGS - police not sure if suspects in shooting of Road Knights associate are members of Black Power of Mongrel Mob but city has recent history of clashed between these gangs. Comment from mayor David Harrington, Labour MP Phil Goff, and Snr Sgt Dave Raynes. (Mark Henderson) HEALTH SERVICES - 20 strong mayoral delegation to meet Health minister today to tell him of peoples' concerns. Meeting organised by Local Govt NZ following string of public protests about health service in rural and provincial areas. Live i/v with Local Govt NZ president Kerry Marshall and Carterton mayor Georgina Beyer. MONDAY OZ SPOT - live i/v with correspondent Phil Kafcaloudes.

0800 NEWS/WEATHER STOCK MARKETS - Wall St plunges by more than 250 points since trading opens. Live i/v with correspondent Richard Quest; NZ market due to open after long weekend with brokers hoping for cautious start. Live i/ with Kevin Rendell, First NZ Capital. CHOGM - live i/v with Political correspondent Stephen Harris, also about PM Jim Bolger's planned meeting with French president Chirac. INTERNATIONAL PAPERS MENTAL HEALTH UNIT - group of South AK residents fighting plans to open 16-bed high-dependency unit in Otara. Unit to be run by South AK Health and is to house remaining patients at soon to be disbanded Kingseat Hospital. (Lisa Owen) ROAD TOLL - Labour weekend toll lowest recorded for almost 20 years, with only 3 fatalities. Live i/v with Asst Police Commissioner Phil Wright.
0830 NEWS/SPORTS CRICKET - pair of dismal performances open NZ account on latest tour to Austrlia. NZ thrashed by Queensland in 4 day game and also in 1 day game. Live i/v re state of NZ cricket with former international John Morrison and commentator Bryan Waddle, and also with Sir Richard Hadlee. ANTARCTIC - NZ SCIENTIFIC EXPEDITION returning early for safety reasons but says it has still made some discoveries. Project set up to drill for samples of rock deep underground to try to determine effects of global warming but storm made it unsafe to keep drilling rig on ice shelf. Comment chief scientist VUW's Peter Barrett, and Scott Base manager Julian Tangaere. (Eric Frykberg) STREET RACING - AK police says it's difficult to stop illegal drag racing because adherents usually gather on Saturday night when police are stretched dealing with more serious offences. Live i/v with Snr Sgt Gary Allcock. CHINA/US - PRESIDENT JIANG ZEMIN warmly welcomed to US on visit officials hope will end strain between the countries. Live i/v with correspondent Simon Marks.

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Year 1997

Reference number 59231

Media type AUDIO

Collection Sound Collection

Credits RNZ Collection

Date 28 Oct 1997

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