Villiority – being cheaper or of less value.
When I first went to Europe I was amazed how the people, their langauge and culture could be so different when they were separated only by a line often dictated by politics and history rather than geography.
It is even more surprising when you look at this time-lapse video showing the shifting borders, alliances, unions, territories and occupied lan.
Fonterra’s forecast payout for this season is $6.75 – $6.85 a kilo of milk solids. There have been several signs that next season’s price will be well below that and this morning’s 6.4% drop of the trade-weighted price in the GlobalDairyTrade auction makes that even more likely.
The price of anhydrous milk fat dropped 11.9%; cheddar was down .2%; milk protein concentrate was down 1.2%; rennet casein fell .7%; skim milk powder dropped 5.4% and whole milk powder fell 8.9%.
The price is now below the long-term average.
Fonterra chair Sir Henry van der Heyden said the price reflected the increased amount of milk on sale because of higher production here.
The grapevine has been suggesting next season’s forecast could be around $5.50. That’s a big fall from this season and any wise farmers will be redoing budgets with a very sharp pencil.
These are not announcements of extra spending, though.
The government is committed to a zero-Budget so extra funds in one area come from savings in another.
State-owned broadcaster Television New Zealand wants to ditch its legislated obligation to provide an advertising platform in the lead-up to a general election, saying the low-rating broadcasts go against its new remit to act as a commercially successful company.
The broadcaster says the opening and closing addresses for the 2011 general election attracted significantly lower ratings than the corresponding nights a year earlier, with total audience across the three nights an average 20 percent lower.
“This places TVNZ at a serious commercial disadvantage to its competitors,” TVNZ general counsel Brent McAnulty said in a written submission to Parliament’s justice and electoral select committee, which is holding an inquiry into the 2011 general election.
“As a wholly commercial operator, the Part 6 obligations (of the Broadcasting Act) are no longer appropriate, and do not reflect a level playing field,” he said.
Who can blame the company?
If I wasn’t a political tragic I doubt if I’d have watched any of the party openings last year and had I started I doubt if I ‘d have kept watching to the end.
The legislation which sets out TVNZ’s obligation is out of date.
An SOE which is required to make a profit should not also be required to broadcast anything, let alone something which commercially disadvantages it.
1204 Baldwin IX, Count of Flanders was crowned as the first Emperor of the Latin Empire.
1527 The Florentines drove out the Medici for a second time and Florence re-established itself as a republic.
1568 Mary, Queen of Scots, fled to England.
1811 Peninsular War – The allies Spain, Portugal and Britain, defeated the French at the Battle of Albuera.
1822 Greek War of Independence: The Turks captured the Greek town of Souli.
1866 The U.S. Congress eliminated the half dime coin and replaces it with the five cent piece, or nickel.
1868 President Andrew Johnson was acquitted in his impeachment trial by one vote in the United States Senate.
1874 A flood on the Mill River in Massachusetts destroyed much of four villages and kills 139 people.
1877 May 16, 1877 political crisis in France.
1905 Henry Fonda, American actor, was born (d. 1982).
1910 The United States Congress authorised the creation of the United States Bureau of Mines.
1914 The first ever Lamar Hunt U.S. Open Cup final wass played. Brooklyn Field Club defeated Brooklyn Celtic 2-1.
1916 Ephraim Katzir, 4th President of Israel, was born (d. 2009.
1918 The Sedition Act of 1918 was passed by the U.S. Congress, making criticism of the government an imprisonable offense.
1919 Liberace, American pianist,was born (d. 1987).
1929 The first Academy Awards were handed out.
1943 Holocaust: The Warsaw Ghetto Uprising ended.
1948 Chaim Weizmann was elected the first President of Israel.
1951 Christian Lacroix, French fashion designer, was born.
1951 The first regularly scheduled transatlantic flights began between John F Kennedy International Airport and Heathrow operated by El Al Israel Airlines.
1953 Pierce Brosnan, Irish actor, was born.
1965 The Campbell Soup Company introduced SpaghettiOs under its Franco-American brand.
1966 Janet Jackson, American singer, was born.
1966 The Communist Party of China issued the ‘May 16 Notice‘, marking the beginning of the Cultural Revolution.
1969 Venera program: Venera 5, a Soviet spaceprobe, landed on Venus.
1970 Gabriela Sabatini, Argentine tennis player, was born.
1970 Danielle Spencer, Australian singer and actress, was born.
1974 Josip Broz Tito was re-elected president of Yugoslavia.
1975 India annexed Sikkim after the mountain state holds a referendum in which the popular vote was in favour of merging with India.
1983 Sudan People’s Liberation Army/Movement rebelled against the Sudanese government.
1986 The Seville Statement on Violence was adopted by an international meeting of scientists, convened by the Spanish National Commission for UNESCO.
1988 A report by United States’ Surgeon General C. Everett Koop stated that the addictive properties of nicotine were similar to those of heroin and cocaine.
2003 Casablanca terrorist attacks: 33 civilians killed and more than 100 people injured.
2004 The Day of Mourning at Bykivnia forest, just outside of Kiev to commemorate that here during 1930s and early 1940s communist bolsheviks executed over 100,000 Ukrainian civilians.
2005 Kuwait permitted women’s suffrage in a 35-23 National Assembly vote.
Sourced from NZ History Online & Wikipedia