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News and Current Affairs.
Main Stories:
Employers will know before Christmas how much their Accident Compensation (ACC) levies will rise. The Employers Federation has strongly attacked the increase, saying some employers have been prepared to weather strikes for wage claims less than the new levy. Speaker: Bill Poole (Employer’s Federation).
The America’s Cup challengers are taking advantage of a rest period to adjust and modify their boats for the final round of the series beginning early next month. The extent of these modifications is largely dictated by the weather predictions for the final round. A report on the meteorologists whose job it is to anticipate the whims of nature. Speakers: Tom Blackaller (Golden Gate Challenge), John Longley (Australia IV), Bob McDavitt (NZ Meteorologist), Tom Whidden (Stars & Stripes).
Financial News, including Fletcher Challenge’s proposed takeover of NZ Forest Products.
A report on an insider trading scandals which is rocking Wall Street in the United States.
The two corporations which dominate brewing in New Zealand are doing battle for a bigger share of the lager market both here and abroad. New Zealanders are following a world trend in drinking less beer and more lager. Traditionally the local lager market has been dominated by New Zealand Breweries, but now Dominion Breweries (DB) is launching a counter attack. Speakers: Barnie Walker (DB Marketing), Michael Fay (Chairman, KZ7 Challenge), Julian Goatcher (Export Director, NZ Breweries).
Finance Minister Roger Douglas addressed the Pacific Rim Symposium in Perth, and the success of KZ7 in the America’s Cup has given New Zealand a high profile at the conference. Speakers: Roger Douglas (Finance Minister), David Richwhite (Merchant Banker).
A report on the AIDS epidemic in Africa.
A report on the top American ballerina Gelsey Kirkland who has revealed her own drug addiction and more in a recently released autobiography.
News Summary:
The White House continued its uphill battle to defuse the crisis surrounding its arms for hostages deals with Iran.
Kim Il Sung has appeared in public despite reports he had been killed.
Renault car company boss George Besse killed by terrorists in France.
Terrorist trial in West Berlin.
A spokesman for the AIDS Foundation believes the death toll from the disease in New Zealand may now be more than 20 and six people are known to have died after contracting the disease.