Morning report. 1998-09-30

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0616 NEWS STORY: SUPERANNUATION - as part of package to address economic downturn, govt changing way pension is indexed to wages in order to save $500 million a year. Pension currently set at 65% of average wage but under change will be allowed to fall to 60%, meaning pensioners won't receive increases. Labour leader Helen Clark accuses govt of "cowardly and vicious assault" on pensioners. (Sarah Boyd)
0620 RURAL NEWS LOCAL BODY ELECTIONS - FED FARMERS waging inaccurate advertising campaign, according to Local Govt NZ president Kerry Marshall, to encourage members to vote. (Catherine Harris) HOME KILLED MEAT - independent rural butchers going ahead with plans to form national organisation to give them united voice in dealing with legislative changes that may affect their buisnesses. (Kevin Ikin) BRITAIN - BEEF - farmers to tag cattle in move to help assure European and UK consumers that British beef is safe to eat. (Keith Chalkley) TAGGING - legislation being prepared for compulsory scheme for all cattle and deer born after July next year to carry tag showing herd of origin. Scheme supported by meat industry leaders as way of helping to control spread of bovine TB. (Catherine Harris)
0625 SPORTS STORY AUSTRALIAN SPORTS i/v with correspondent Tim Gavel. (Broncos dominate Australian league team)
0635 NEWS STORY: MALAYSIA - ARREST - Anwar Ibrahim's lawyers say 2 men convicted of being sodomised by him have decided to retract guilty pleas and appeal against conviction. Mr Anwar's arrest leads to creations of 2 broad-based opposition coalitions in country where all anti-govt activity is routinely suppressed. Prof Terence Gomez, Univ of Malaysia, says these coalitions should gain wide support. (BBC)
0642 MANA NEWS NGAI TAHU SETTLEMENT - opposers of settlement Bill vow to keep up struggle for rights lost in new legislation.
0651 BUSINESS AND FINANCIAL NEWS: U.S. FEDERAL RESERVE cuts short term interest rates by quarter of 1%, says cut necessary to help cushion US economy from global financial turmoil. Cut already largely factored in by traders and there's disappointment Federal Rserve has not gone further. Comment from Stephen Hannah, investment bank IBJ, in London. BUSINESS CONFIDENCE - National Bank's latest survey shows confidence less than half that of August, says international economic picture has taken its toll. Live i/v with chief economist Brendan O'Donovan. TARIFFS - maufacturing sector pleased with govt's announcement it will phaseout all tariffs by 2006, rather than more quickly. Exec director of Apparel and Textile Fedn Marcia Dunnett says thousands of redundancies will no be avoided. (Clare Sziranyi) FINANCE/MARKETS HALLENSTEIN GLASSON blames Asian crisis and warm Winter for drop in sales. Net profit for year to August is $9.5 million, down from $11.2 million in previous year. Hallenstein's menswear chain to be relaunched. (Gyles Beckford) BUSINESS BRIEFS
0700 INTRO/NEWS SUPERANNUATION the big hit in economic package, pensions will gradually fall to 60% instead of being pegged to 65% of average wage. Age Concern and Grey Power appalled at changes being rushed through Parliament without public debate. Grey Power president Don Robertson say idea of pension for all NZers is in danger. ECONOMIC PACKAGE - govt hopes to trim $400 million off govt spending over next 3 years by reducing further increases in superannuation, creating new time-table for removing all tariffs, and allowing for sale of Contact Energy. It plans to plough back $80 millin into yet to be announced initiatives in education, housing and employment. Comment from cabinet ministers Bill Birch, Roger Sowry, ad Tony Ryall, and Labour leader Helen Clark. (Sarah Boyd) SUPERANNUATION - Michael Littlewood, member of Todd Taskforce in 1991, says what's needed is detailed and sustained debate not knee-jerk reaction to short term worries, doesn't believe govt's measures are the answer; live i/v with PM Jenny Shipley; live i/v with ACT NZ leader Richard Prebble and Alliance leader Jim Anderton; response from Jenny Shipley; live i/v with Grey Power president Don Robertson.
0730 NEWS/WEATHER/SPORTS NZ PAPERS FINANCE UPDATE TARIFFS - manufacturers and apparel industry support govt's plan to phase out tariffs on all imported goods by 2006. Slowdown in timetable follows pressure from manufacturers and some independent MPs. Tariffs on clothing, textiles, carpets and footwear will now be held at 15% from 2000 to 2004. (Caitlin Cherry); live i/v with independent MP Ann Batten, who's called for removal slowdown to give employees time to find other jobs. (also i/ved about super.)
NGAI TAHU SETTLEMENT - $170 million Ngai Tahu Claims Settlement Bill passes into law. Live i/v with Māori Issues correspondent Chris Wikaira, with comment from Mana Tahu negotiator Sir Tipene O'Regan.
0800 NEWS/WEATHER SUPERANNUATION - pensioners attack plans to reduce national super, with Grey Power threatening to take to streets over issue. Comment from Family Budgeting Service's Raewyn Neilson, Grey Power president Don Robertson, and Todd Taskforce member Michael Littlewood, and vox pops. (Karen Gregory-Hunt) SUPERANNUATION - PM Jenny Shipley challenges Labour to defend its criticism of package; live i/v with Labour leader Helen Clark; live i/v with NZ First leader Winston Peters who last year set up referendum that rejected compulsory super scheme. ECONOMIC PACKAGE - will the package of economic measures announced by govt be enough to get NZ out of economic mire? Live i/v with AK Univ senior lecturer in Economics Susan St John. INTERNATIONAL PAPERS U.S. - OFFICIAL INTEREST RATES CUT for first time in nearly 3 years in hopes of cushioning economy from global financial turmoil. Live i/v wit Wall St correspondent Richard Griffiths; live i/v with Economic correspondent Bronwen Evans.
0830 NEWS/SPORTS AUSTRALIA - ELECTION - PM John Howard warns Labor's tax plans would lead to deadly consequences and hit self-funded retirees hardest. (Al Morrison) HEALTH CARE - govt says it won't change free care for under-6s until after official review of policy is presented at end of November. Scrapping or targetting policy being looked at as part of savings plan but independent MPs have exerted pressure to keep it universal. Wairoa mother Adrienne Fruen really depends on the free health care for under-6s but Wairoa GP Ron James says there's lack of knowledge about the policy, especially among those who need it most; live i/v with Dr John Broadfoot, chair of Progressive Health (independent practitioners' assn) as to whether GPs think govt should continue with policy. TROUT case - govt wants to intervene in controversial legal case involving Māori man, Kirk McRitchie, who took trout from Taranaki river without license. District Court judge ruled last year Mr McRitchie had right to take trout under Treaty of Waitangi and customary rights but decision was overturned by High Court and Mr McRitchie and his hapu now preparing to take case to Appeal Court. Comment from Attorney General Doug Graham, lawyer Taki Anaru, and Kaumatua Niko Tangaroa. (Tama Muru) HAMILTON MAYORALTY RACE hots up with 13 candidates keen to take over from Margaret Evans, who's stepping down after 3 terms. (Andrew McRae) ANTARCTIC OZONE HOLE returns, forming much earlier than usual and largest on record at more than 27 million square kms. Live i/v with NIWAR scientist Dr Stephen Wood, at Scott Base.

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Year 1998

Reference number 59465

Media type AUDIO

Collection Sound Collection

Credits RNZ Collection

Duration 02:02:26

Date 30 Sep 1998

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