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Morning Report

with Geoff Robinson & Sean Plunket

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Audio from Wednesday 1 September 2010

Not all audio is available due to copyright restrictions.

06:00 Top Stories for Wednesday 1 September 2010

Government's payout South Canterbury depositors helps avert blow to economy; Finance Minister discusses South Canterbury receivership; Judicial review of inquiry into Supreme Court judge starts; Iraq operation ends today; Deal to upgrade Hercules will cost taxpayers more. (31′48″)

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06:09 Minister says serious damage to local rural sector averted

The Agriculture Minister, and Canterbury-based MP, David Carter, says the placing of South Canterbury Finance into receivership has avoided the firesale of assets including dairy farms right across the South Island. (3′16″)

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06:14 Two-party preferred vote being used to claim mandate

A new numbers game is dominating the Australian election wrangling. (3′30″)

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06:18 Pacific News for 1 September 2010

The latest from the Pacific region. (3′56″)

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06:22 Morning Rural News for 1 September 2010

News from the rural and farming sector. (5′31″)

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06:28 Waatea News for 1 September 2010

News from the Waatea team. (2′36″)

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06:35 People in Timaru ask what impact failure of SCF will have

With South Canterbury Finance now in receivership, farmers in the South Island are concerned about the effect it will have on sources of credit. (3′02″)

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06:41 Upgrade of aging Hercules is two years behind schedule

The Government has admitted the upgrade of its aging Hercules fleet is two years behind schedule and will cost at least ten million dollars more than first predicted. (2′48″)

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06:46 Morning Business for 1 September 2010

News from the business sector including a market report. (13′01″)

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07:09 Government's payout helps avert blow to economy

The Government says the decision to place South Canterbury Finance into receivership has averted a meltdown in the South Island's rural economy - and possibly the wider economy. (6′33″)

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07:16 Finance Minister discusses South Canterbury receivership

Geoff Robinson asks the Finance Minister, Bill English; Why are taxpayers bailing out South Canterbury Finance? (5′56″)

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07:22 Judicial review of inquiry into Supreme Court judge starts

The High Court is being asked to stop an investigation into an alleged conflict of interest involving a Supreme Court judge. (4′16″)

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07:26 Iraq operation ends today

The United States' combat operations in Iraq end today. (3′04″)

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07:29 Deal to upgrade Hercules will cost taxpayers more

A deal to upgrade the Air Force's Hercules aircraft will cost taxpayers ten million dollars more than initially predicted. (3′58″)

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07:37 Yemenis held on suspicion of terrorism

Two Yemenis who arrived in Amsterdam on a flight from the United States are being held on suspicion of conspiracy to commit a terrorist act. (3′53″)

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07:41 Australian police say NZ police set up to fail

Queensland's Police Union is backing Police Association calls here for instant access to tasers and firearms for its members. (3′54″)

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07:46 Sports News for 1 September 2010

An update from the team at RNZ Sport. (2′52″)

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07:51 Treason proceedings initiated against Pakistan cricketers

In Pakistan, a lawyer has filed a petition in the High Court to initiate treason proceedings against cricketers who are being investigated for alleged spot fixing on the current tour of England. (3′45″)

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07:53 Air New Zealand adds more flights to smaller centres

Air travellers shouldn't expect a price bonanza as a result of moves by Air New Zealand to introduce new regional flight schedules. (2′57″)

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07:58 Government's new p-lab guidlines fall short

With increasing numbers of houses being used to make the drug P, the Government has released guidelines to help people clean up the toxic mess methamphetimine leaves behind. (3′17″)

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08:09 Govt effectively takes over finance company for nearly $1.8b

The Government says it wants to end the deposit guarantee scheme after spending one point eight billion dollars on bailing out South Canterbury Finance. (1′52″)

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08:11 SCF collapse leaves farmers with few finance options

The collapse of South Canterbury Finance is the latest in a series of problems for finance companies specialising in rural lending. (6′46″)

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08:18 Concerns not enough engineers for Hercules upgrade

A union is warning the Government it might have a tough time finding the engineers needed to complete its much-delayed upgrade of the Air Force's ageing Hercules fleet. (2′46″)

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08:21 Papua New Guinea crash kills one New Zealander

Australia's Foreign Minister, Stephen Smith, has confirmed that one New Zealander and three Australians have been killed in a plane crash on a remote island in Papua New Guinea. (3′03″)

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08:24 Waikato going in as underdogs in university boat race

The Waikato University Rowing Eight will go into this weekend's annual great race on the Waikato River as underdogs. (3′56″)

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08:29 Markets Update for 1 September 2010

A brief update of movements in the financial sector. (43″)

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08:34 Sports News for 1 September 2010

An update from the team at RNZ Sport. (4′01″)

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08:41 British university shortage give New Zealand opportunity

British universities are expected to turn away record numbers of students this year and New Zealand institutions believe they could benefit. (3′01″)

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08:44 Leading super city contenders back free swimming pools

The leading candidates in the super city mayoral race are courting Pacific Island voters, by promising to keep entry to the public swimming pools in South Auckland free. (4′04″)

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08:49 Waatea News for 1 September 2010

News from the Waatea team. (2′25″)

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08:52 Farmers decide to back own Manawatu River accord

Its the sign again, not sign again saga in Manawatu. (2′39″)

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The Team

Presenters:

Edited by Martin Gibson

email: morningreport@radionz.co.nz

The most authoritative and comprehensive coverage of local and world events to be found on morning radio happens from 6:00am to 9:00am every weekday on Radio New Zealand National.

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