Happy birthday Susan Boyle – 49 today.
Happy birthday Ali MacGraw – 72 today.
It’s not one of my favourite songs, but I sobbed my way through the book and the film when I was a teenager:
Happy birthday Debbie Reynolds – 88 78 today.
I thought I rememberd Hayley Mills singing this in a film, but perhaps I’ve remembered incorrectly.
The International Monetary Fund says New Zealand came through the recession better than many other developed countries and expects continuing modest growth.
However, it notes there are risks:
3. On the external front, the main downside risks are that the global recovery stalls and Chinese demand drops sharply, with negative spillovers for commodity prices. In addition, , risk premiums could rise for countries with high external debt, such as New Zealand, which could raise the cost of capital, constrain growth, and worsen the current account deficit. An increase in global risk appetite is also possible, which may lead to a further appreciation of the exchange rate, making it difficult to rebalance growth toward the tradables sector. An upside risk is that a sharper-than-expected global recovery could raise export income.
4. On the domestic front, a stronger-than-expected recovery may force an earlier tightening in monetary policy, putting upward pressure on the exchange rate. However, faster-than-expected deleveraging by households and businesses may slow the recovery.
The report commends the government’s fiscal stimulus to 2010 and spending reductions but recommends further spending restraints to enable a return to surpluses sooner.
Finance Minister Bill English is committed to both economic growth and spending restraint:
“I welcome the IMF’s comments that shifting the tax burden from income to consumption would raise incentives to work and invest – increasing growth over the medium term and improving New Zealand’s competitiveness.
“We are taking a considered and pragmatic approach to addressing New Zealand’s long-standing economic challenges.
“At the same time, we’re significantly reducing the amount of extra government spending and demanding better public services from government agencies. We believe we have struck the right balance on this score,” Mr English says.
Spending restraints and better services are important so too is sustainable growth.
Agriculture will continue to play an important role in that and – if we can get past the emotion that’s clouding discussion – so too could mining.
Tighter control on public spending and improved services can only go so far. Broadening our economic base, as more mining could, would strengthen our economy and make it more resilient. That would have social benefits and it need not come at too high an environmental cost.
The ODT has a fine tradition of April Fool stories but this morning it’s got two stories which could fit the bill:
The second story refers to the University of Otago’s plans to buy the Gardens Tavern. But I heard that first on Jim Mora’s Afternoons yesterday so although it’s April 1 that story isn’t a joke.
The Gardies opened in the 1960s. It was not far from St Margarets where I spent my first year as a student and Dundas and Leith Streets where I flatted in my second and third years.
The legal age for going to a pub was 20 in those days so of course I didn’t go to the Gardies until my third year as a student.
Desperation over a child’s refusal to eat vegetables was the catalyst for the discovery of Baaccoli which will revolutionise sheep farming and return the meat industry to profitability.
Baaccoli, a new breed of sheep which combines the nutritional properties of broccoli with those of meat has been the subject of a top secret project at Invermary Research Centre in North Otago.
The research team is led by Dr Truly Clever who said concern that her daughter would develop scurvy because she wouldn’t eat her vegetables planted the seed for the project.
“She loves meat but I couldn’t get anything green or orange to pass her lips,” Dr Clever said. “When I asked her why she said, ‘I don’t need to because the lamb eats the greens and I eat the lamb.’
“That made me realise I had to find a way to add the vitamins and fibre from vegetables to sheep.”
Dr Clever said it had taken several years for the research team to develop the breed but it was now ready for commercial release.
“We started working with a variety of vegetables but found broccoli was the best and that’s what led us to naming the new breed Baaccoli,” she said.
“This will revolutionise the meat industry and stem the tide of dairy conversions.
“The foundations of the frozen meat industry started in North Otago and now we’re building on that with the launch of Baaccoli which will change the way we eat for ever.
On April 1:
1293 Robert Winchelsey left England for Rome, to be consecrated as Archbishop of Canterbury.
1318 Berwick-upon-Tweed was captured by the Scottish from the English.
1340 Niels Ebbesen killed Gerhard III of Holstein in his bedroom, ending the 1332-1340 interregnum in Denmark.
1572 In the Eighty Years’ War, the Watergeuzen captured Brielle from the Spaniards, gaining the first foothold on land for what would become the Dutch Republic.
1815 Otto von Bismarck, 1st Chancellor of Germany, was born.
1867 Singapore became a British crown colony.
1873 The British steamer RMS Atlantic sank off Nova Scotia, killing 547.
1875 Edgar Wallace, English writer, was born.
1887 Mumbai Fire Brigade was established.
1891 The Wrigley Company was founded in Chicago.
1908 The Territorial Force (renamed Territorial Army in 1920) was formed as a volunteer reserve component of the British Army.
1912 The Greek athlete Konstantinos Tsiklitiras broke the world record in the standing long jump jumping 3.47 meters.
1918 The Royal Air Force was created by the merger of the Royal Flying Corps and the Royal Naval Air Service.
1924 – The Royal Canadian Air Force was formed.
1932 Debbie Reynolds, American actress, was born.
1933 The recently elected Nazis under Julius Streicher organised a one-day boycott of all Jewish-owned businesses in Germany.
1937 Aden became a British crown colony.
1938 – Ali MacGraw, American actress, was born.
1939 Generalísimo Francisco Franco announced the end of the Spanish Civil War, when the last of the Republican forces surrendered.
1944 Navigation errors lead to an accidental American bombing of the Swiss city of Schaffhausen.
1945 World War II: Operation Iceberg – United States troops land on Okinawa in the last campaign of the war.
1946 Aleutian Island earthquake: A 7.8 magnitude earthquake near the Aleutian Islands created a tsunami that struck the Hawaiian Islands killing 159.
1946 – Formation of the Malayan Union.
1948 Cold War: Berlin Airlift – Military forces, under direction of the Soviet-controlled government in East Germany, set-up a land blockade of West Berlin.
1948 Faroe Islands received autonomy from Denmark.
1949 Chinese Civil War: The Communist Party of China held unsuccessful peace talks with the Kuomintang in Beijing, after three years of fighting.
1949 The Canadian government repealed Japanese Canadian internment after seven years.
1957 BBC Spaghetti tree hoax broadcast on current affairs programme Panorama.
1961 Susan Boyle, Scottish singer, was born.
1969 The Hawker Siddeley Harrier entered service with the RAF.
1970 President Richard Nixon signed the Public Health Cigarette Smoking Act into law, requiring the Surgeon General’s warnings on tobacco products and banning cigarette advertisements on television and radio.
1973 Stephen Fleming, New Zealand cricketer, was born.
1973 Project Tiger, a tiger conservation project, was launched in the Corbett National Park, India.
1976 Apple Computer was formed by Steve Jobs and Steve Wozniak.
1979 Iran became an Islamic Republic by a 98% vote, officially overthrowing the Shah.
1980 New York City’s Transit Worker Union 100 began a strike lasting 11 days.
1987 State Owned Enterprises came into existance.
1989 Margaret Thatcher’s new local government tax, the Community Charge (commonly known as the ‘poll tax’), was introduced in Scotland.
1992 Start of the Bosnian war.
1997 Comet Hale-Bopp is seen passing over perihelion.
2001 – Same-sex marriage beccme legal in the Netherlands, the first country to allow it.
2002 The Netherlands legalised euthanasia, becoming the first nation in the world to do so.
2004 Google introduced Gmail – a launch met with skepticism on account of the date.
Sourced from NZ History Online & Wikipedia