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Kiwi slips with limits to go on bank loans

Written By Unknown on Selasa, 20 Agustus 2013 | 13.24

THE New Zealand dollar fell to a week-low after Reserve Bank governor Graeme Wheeler imposed restrictions on home lending from October in an effort to cool a bubbling property market without hiking interest rates.

The kiwi fell as low as 79.73 US cents and traded at 79.87 cents at 5pm in Wellington from 80.64 cents at 8am and 81.18 cents on Monday.

The trade-weighted index dropped to 75.21 from 76.22 on Monday.

Mr Wheeler on Tuesday announced restrictions on low-equity home loans in an effort to cool housing markets in Auckland and Christchurch, the country's two biggest cities.

He has been reluctant to hike interest rates in response to the rising house prices, as doing so would lift the appeal of an already overvalued kiwi dollar.

By using the macro-prudential tools, the Reserve Bank has "greater flexibility in considering the timing and magnitude of any future increases in the OCR" which is sitting at a record-low 2.5 per cent, he said.

"They were a bit more restrictive than people thought they were going to be, and they're going to slow things down a bit to take pressure off interest rates," said Michael Johnston, a senior trader at HiFX in Auckland.

"He won't raise the OCR any time soon as they're scared of pushing the kiwi up sharply."

The kiwi was little changed at 88.08 Australian cents from 88.11 cents on Monday, and fell to 77.91 yen at 5pm from 79.20 yen and to 59.83 euro cents from 60.92 cents.


13.24 | 0 komentar | Read More

Milne labels parental scheme too generous

GREENS leader Christine Milne has joined the growing chorus of people labelling the coalition's "fully costed" paid parental leave scheme too generous.

Ms Milne made the comment at her party's WA campaign launch in Perth on Tuesday, calling on Opposition Leader Tony Abbott to release costings for the $5.5 billion-a-year scheme.

"Tony Abbott must now come clean with what he is going to cut or where he is going to get the money to be able to do this," she said.

Ms Milne also denounced Mr Abbott's policy of giving states and territories more power over the environmental approval processes, citing the Supreme Court ruling on Monday that declared the WA government's nod for Woodside's Browse gas project unlawful.


13.24 | 0 komentar | Read More

Bolivian may be world's oldest person

COULD this be the world's oldest person?

Carmelo Flores Laura lives high in the Bolivian mountains, chews coca leaves, cooks on open fires and says he's 123 years old.

He was born on July 16, 1890, according to his government identification card. Bolivia's Electoral Tribunal has confirmed his identity and his age.

"His residence is in Frasquia, and as a profession he is a farmer," the office says.

According to the document, the Bolivian Methuselah was born the same year as Charles de Gaulle and Ho Chi Mihn, and 13 years before the Wright brothers flew at Kitty Hawk.

According to the Guinness World Records, the world's oldest person whose age could be verified was a French woman, Jeanne Calment, who died in 1997 at 122.

The official world's oldest man is 112 year-old Salustiano Sanchez Blazquez, a Spaniard living in New York.

Government officials in La Paz say they will approach Guinness to update their records with information on their aged compatriot.

Flores Laura speaks only speaks Aymara, the language of the Andean natives of Peru and Bolivia.

He is 1.6 metres tall, has no teeth and walks with some difficulty but without a cane. He does not wear glasses.

When outside he wears a wool cap known as a chullo that covers his ears under his broad-brimmed hat - protection from both the bitter cold and bright sunlight of the Bolivian altiplano.

Frasquia is a quiet cluster of adobe-brick buildings 4050 metres above sea level and about 100 kilometres northwest of La Paz.

The hamlet is near Lake Titicaca, the world's highest navigable lake, and at the foot of the snow-capped Mount Illampu.

There is a school, a small clinic and access to electricity, but the nearest grocery is a three-hour walk away in the town of Arista. Onions, potato and broad beans are grown, watered by runoff from Illampu's snow.

Flores Laura arrived in Frasquia as a young man from a nearby village searching for work, and fell in love with a local widow. The couple married and had three children.

"She died a long time ago," Flores Laura said, speaking through an interpreter.

His wife was 107 years old when she died, according to Flores Laura's 27-year-old grandson.

Two of the old man's children have also died.

"I only have one surviving son, Cecilio," Flores Laura said. He lives in the working class town of El Alto, just outside of the capital La Paz.

Flores Laura also has 14 grandchildren, and 39 great-grandchildren.

With a mouth full of coca leaves, Carmelo Flores Laura recounts passages of his long life in short bursts, speaking slowly and with difficulty.

When he was young he worked as a farmhand for a wealthy landowner named Mollinedo.

Later he fought in the 1932 to 1935 Chaco War between Bolivia and Paraguay.

He also recalls participating in many of the uprisings and coups that shook Bolivia in the 20th century.

However, his memory has faded and he doesn't remember any of the causes or leaders he fought for.


13.24 | 0 komentar | Read More

$15.3m loss for builder AVJennings

Written By Unknown on Jumat, 16 Agustus 2013 | 13.23

HOME builder AVJennings has recorded another annual loss, but says the real estate market is improving.

The company made a net loss of $15.3 million in the year to June 30, compared to a loss of $29.8 million a year earlier.

Revenue fell by 16 per cent from the previous year, and the company again incurred a loss on inventory, although that loss was smaller than in the previous year.

However, AVJennings' second half revenue improved significantly from the first half of the financial year, and no losses were incurred on asset values.

The company said consumer confidence in NSW lifted in the six months to June, which reverses a decade-long trend in Australia's most populated state.

The company believes first home buyer incentives, housing shortages and affordability issues will lead to more houses being built in 2013 and 2014.

"Consumer confidence in the key New South Wales market seems to have lifted over the last six months in particular, reversing a decade-long trend, while that in southern Queensland has shown more recent signs of improvement as pricing has realigned with historical relativities to the other eastern capitals," the company said in a statement on Friday.

The company described its performance in Victoria as "stable and fair".

AVJennings shares gained two cents to 49 cents.


13.23 | 0 komentar | Read More

Police let 1000 Vic motorists off fines

ALMOST 1000 motorists have had their speeding fines scrapped because of inadequate signage near roadworks on a busy Melbourne road.

Police have withdrawn all 987 speeding infringements and will instead give the drivers an official warning.

The decision came after Victorian Road Safety Camera Commissioner Gordon Lewis found that signs warning of temporary 40 kilometres per hour zones near roadworks on the Western Ring Road at the Keilor Park Drive bridge on June 30 were inadequate.

Police on Friday said it was not in the public interest to pursue the matters, adding the decision to scrap the fines was based on the unique circumstances of the case.

They said it was a difficult decision because some of the drivers who received infringements had an appalling traffic history and well-documented records for speeding.

"Some people have even been caught speeding since this incident," police said.

Police say they remain concerned about poor driver behaviour and excessive speed used by some motorists travelling through high-risk areas such as road work zones.


13.23 | 0 komentar | Read More

NSW premier interrogated about lobbyist

PREMIER Barry O'Farrell has been interrogated about a lobbyist who boasts his ties to political parties can guarantee results for his clients.

Joseph Tannous is executive director of the lobbying firm 1st State Government and Corporate Relations and also a member of the NSW Liberal state executive.

During budget estimates on Friday, Labor MP Luke Foley drew the premier's attention to Mr Tannous' LinkedIn profile.

It says Mr Tannous "enjoys constant contact with elected representatives from across the political divide enabling him to attain the desired results for his clients".

Under NSW law, lobbyists are banned from making exaggerated claims about their access to governments and must keep their business activities separate from any personal involvement in political parties.

Mr Foley asked the premier whether he felt Mr Tannous' claims were a breach and called on him to "punt Mr Tannous from the lobbyist register".

Mr O'Farrell deferred the issue to the director-general of the Department of the Premier and Cabinet, Chris Eccles, who said he would investigate the matter.

"We have the responsibility to review that," he added.

Mr Foley suggested there were seven people on the Liberal state executive who could be termed lobbyists, although the premier claims there are only three.

Mr Foley asked the premier what would happen to one of them if they claimed they could deliver results because they sat on the executive.

Mr O'Farrell replied: "That's a matter I would potentially refer to ICAC".

He later said he would take advice from Mr Eccles about whether he should refer Mr Tannous to the corruption watchdog.

But he objected to Mr Foley's line of questioning after the Labor MP pointed out that Mr Tannous lobbies for Thiess, which last month won a $1.15 million northwest rail tunnelling contract.

Mr Tannous also represents Dell Australia, which recently won a $455,000 government contract which wasn't put out to tender and was the first of two companies to be put on sacked finance minister Greg Pearce's $93 million procurement panel.

The premier called on Mr Foley to produce any evidence the deals were dodgy.

"If you have evidence their success has been unduly influenced then present it, otherwise you are simply smearing."

Mr O'Farrell also made clear his position on lobbyists.

"I have no idea why people waste their money," he said.

A spokesman for Mr O'Farrell later pointed out that the $455,000 Dell contract was actually awarded under the previous Labor government in 2010.


13.23 | 0 komentar | Read More

New case of bird flu confirmed in China

Written By Unknown on Minggu, 11 Agustus 2013 | 13.23

A Chinese poultry worker has been confirmed as having contracted the deadly H7N9 bird flu virus. Source: AAP

A CHINESE poultry worker has been confirmed as having contracted the deadly H7N9 bird flu virus, the first case in the southern Guangdong province.

The 51-year-old woman is in a critical condition after she was admitted to hospital on August 3 following signs of a fever, the Guangdong Provincial Health Department said.

"She was a poultry slaughtering worker at a local marketplace," the local health bureau said in a statement on its website.

A total of 134 cases have now been reported on the Chinese mainland, including the Guangdong case.

State news agency Xinhua said that 44 people had died of the disease - which includes a recent fatality following the release of the latest official figures a month ago.

The virus was first reported in late March, with most cases confined to eastern China, and only one reported outside the mainland, in Taiwan.

Scientists reported last week the first likely case of direct person-to-person transmission of the H7N9.

However, they told people to "not panic" as the virus's transmissibility remained "limited and non-sustainable".

Local health authorities on Saturday lifted medical observations on 54 of 96 people who were placed under monitoring after they had close contact with the Guangdong patient, Xinhua said.


13.23 | 0 komentar | Read More

Facebook pages demanded in employment row

A woman sacked by Air NZ has been forced to hand over copies of her Facebook pages. Source: AAP

AIR New Zealand has forced a sacked flight attendant to hand over copies of her Facebook pages and bank accounts to show what she was doing when she claimed sick leave.

Gina Kensington was dismissed after she took sick leave in March to look after her sister.

She took her case to the Employment Relations Authority, where Air NZ asked to see her Facebook pages and bank accounts for the two days concerned.

Ms Kensington argued she shouldn't have to hand over the details as Air NZ didn't have them when it sacked her and there was an expectation of privacy about personal and financial information.

However, the ERA agreed she should supply copies, saying the details could be relevant.

Ms Kensington was forced to hand over the information but the court has not yet made a decision on whether she was fairly sacked.

The Facebook and bank account demand is a step further than that of the case of Gisborne man Bruce Taiapa.

Mr Taiapa was sacked by his employer when he took sick leave for a week but was seen in a photo on Facebook at a school canoeing carnival in Rotorua.

The ERA ruled the sacking was justified because the employer had a reasonable suspicion he wasn't ill.


13.23 | 0 komentar | Read More

Riot at Greek migrant detention camp

Detainees have hurled stones at officers at the Amygdaleza detention camp outside Athens. Source: AAP

POLICE have been dispatched to put down a riot at Greece's main migrant detention camp with detainees hurling stones at officers and setting fire to living quarters.

Local television footage on Saturday showed fires blazing at the Amygdaleza detention camp outside Athens, where about 1200 mainly Asian migrants are kept.

"We have 10 officers injured by stones and other objects thrown at them," a police spokesman told AFP.

"The detainees set fire to mattresses and their living quarters but riot police have been sent and the situation is calming down," he said.

Amygdaleza is one of several detention camps set up since last year to assist in the repatriation of thousands of undocumented migrants.

The police spokesman said rioting began when the detainees were told their maximum stay in the camp would be extended to 18 months from a year previously.

Rights groups charge that the migrants have been subjected to abuse in the camps and are denied proper healthcare.

Last week, leftist group KEERFA said Muslim detainees had been beaten by guards during prayers.

In July, the same group reported the death of an Afghan detainee from a pulmonary infection which his guards had allegedly ignored for months.

Greece is a major entry point into the European Union for migrants and refugees fleeing war-torn or impoverished countries in Africa, the Middle East and the Indian subcontinent.


13.23 | 0 komentar | Read More

Deputy PM says airport curfew claims false

Written By Unknown on Sabtu, 10 Agustus 2013 | 13.23

DEPUTY Prime Minister Anthony Albanese has hit back at claims flights were allowed to land after curfew at Sydney airport because politicians were on board.

Max Moore-Wilson, the boss of Sydney airport, claimed that Virgin Australia was on Tuesday night given preferential treatment and allowed to land 10 planes after the strict 11pm (AEST) curfew, News Corp Australia reports.

"I suspect there were a few politicians on those planes," he told an aviation conference in Sydney on Friday.

But Mr Albanese has refuted the statement, saying up to four flights were allowed to land between 11pm and 11.30 pm because of a "breakdown in (Virgin Australia's) communication system."

No flights landed after curfew on Tuesday night, News Corp reports.

Mr Albanese accused Mr Moore-Wilton of making "personal attacks" and "an extraordinary assertion" motivated by a desire to stop a second airport being built for Sydney.

"Max Moore-Wilton believes that this should continue to be a monopoly airport, the only airport for Sydney," Mr Albanese told reporters on Saturday.

And in order to downplay its problems "he tries to find some other reason why there are constraints and issues at this airport," the Deputy Prime Minister added.

Mr Albanese said jobs, economic growth and "Sydney's future as a global city" would be jeopardised if a second airport isn't constructed.


13.23 | 0 komentar | Read More
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