Word of the day

19/10/2013

Feague – to decorate or improve in appearance through artificial means; to beat or whip; to drive; to increase the liveliness of a horse by inserting an irritant  in its fundament.; to put ginger up a horse’s fundament, and formerly a live eel, to make it lively and carry its tail well.


Saturday’s smiles

19/10/2013

For the benefit of any Australians who are in Dunedin for tonight’s test, here’s a dictionary to help with translation:

  • Peck – to fill a suitcase
  • Min – male of the species
  • Milburn – capital of Victoria
  • Pigs – for hanging out washing with
  • Pug – large animal with a curly tail
  • Munner stroney – soup
  • Mess Kara – eye makeup
  • McKennock – person who fixes cars
  • Mere – Mayor
  • Leather – foam produced from soap
  • Lift – departed
  • Kiri Pecker – famous Australian businessman
  • Ken’s – Cairns
  • Jumbo – pet name for someone called Jim
  • Jungle Bills – Christmas carol
  • Inner me – enemy
  • Guess – vapour
  • Fush – marine creatures
  • Chups – fried potatoes.
  • Fitter cheney – type of pasta
  • Ever cardeau – avocado

Rural round-up

19/10/2013

Pengxin, Synlait founders make $85.7 mln offer to take over Synlait Farms – Paul McBeth:

(BusinessDesk) – Shanghai Pengxin, which bought the Crafar family farms in a controversial deal last year, and the Synlait founders are offering $85.7 million to buy South Island dairy farmer Synlait Farms.

SFL Holdings, a joint venture between Pengxin and Synlait Farms chief executive Juliet Maclean and director John Penno, is offering $2.10 a share to Synlait Farms investors in a full takeover bid for the company which operates 13 dairy farms and a total herd of almost 13,000 cows. That’s a 31 percent premium to the $1.60 price the shares last traded at on the Unlisted platform.

If the takeover is successful, SFL plans to inject a further $20 million in fresh capital to reduce debt and accelerate investment. It also plans to reinvest all surplus cash to fund further growth. Penno and Maclean will hold about 26 percent of SFL, with Pengxin owning the rest via New Zealand Standard Farm, a subsidiary of its Milk New Zealand unit. . .

Spierings blames ‘she’ll be right attitude’ for Fonterra botulism scare – Christopher Adams:

Fonterra chief executive Theo Spierings compared the company’s botulism debacle to Emirates Team New Zealand’s near-capsize during the America’s Cup. Photo / Greg Bowker

Fonterra chief executive Theo Spierings says a “she’ll be right attitude” was one of the causes of the company’s botulism fiasco.

Business leaders have gathered in Auckland today for the annual China Business Summit.

The event’s main focus this year is the ongoing impact of Fonterra’s whey protein contamination scare, which led to a global recall of consumer products, including infant formula, but turned out to be a false alarm.

Addressing the summit, Spierings said Fonterra was world class in manufacturing and food safety but the company still needed to “lift its game”.

“That was one the key learnings [of the botulism scare] – a ‘she’ll be right’ attitude is not acceptable,” he said. . .

Primary Growth Partnership enhances world-class Mozzarella technology:

A Primary Growth Partnership programme is helping deliver world-leading patented technology for the production of quick-frozen grated mozzarella.

The Transforming the Dairy Value Chain programme is driven by Fonterra, Dairy NZ and the Ministry for Primary Industries (MPI) under the Primary Growth Partnership. The technology, which is being expanded at Fonterra’s Clandeboye site in South Canterbury, enables quick-frozen, natural, shredded mozzarella to be produced in just a day—a process traditionally taking around two months.

“This is a key demonstration of the type of innovation that is being enabled by the Primary Growth Partnership,” says Justine Gilliland, Director Primary Growth Partnership, MPI. . .

Creating the ‘angus moment’ – Gerald Piddock:

Angus beef must position itself as a guilt-free indulgence for wealthy consumers around the world if it is to prosper in the modern world, a leading brand strategist says.

But to achieve this would require a new way of thinking, Brian Richards told farmers at the World Angus Forum in Rotorua.

It meant angus farmers viewing themselves not just as sellers of protein but also as producers of a food experience, Richards said in his keynote address at the forum. . .

New Zealand wine industry ‘icon’ receives 2013 trans-Tasman agribusiness leadership award:

New Zealand wine industry luminary Sir George Fistonich has been named the recipient of the 2013 Rabobank Leadership Award for his outstanding contribution to agribusiness.

A pioneer of modern-day winemaking in New Zealand, Sir George, the founder and owner of Villa Maria Estate, was presented with the prestigious trans-Tasman honour at the annual Rabobank Leadership Award Dinner in Melbourne last night.

Australian grains industry advocate Georgie Aley was named Rabobank Emerging Leader, a new award category recognising up-and-coming young leaders in New Zealand and Australia’s food, beverage and agribusiness industries.

Announcing the award winners, Rabobank Australia & New Zealand Group managing director Thos Gieskes said Sir George Fistonich had spent five decades at the forefront of New Zealand’s wine industry and had been an instrumental figure in the rise of New Zealand wines on the world stage.

“In a career spanning 50 years, George Fistonich has exemplified true leadership along with an extraordinary passion for the New Zealand wine industry – successfully leading not just his own business, but helping to pioneer and drive an entire industry and inspire and mentor those around him,” Mr Gieskes said.  . .  (I posted on the award yesterday, but this is the official media release).

Waiting for Nuffield – RivettingKateTaylor:

It’s Nuffield time of year again.

Years ago, a Young Farmers friend, arable farmer Hugh Ritchie, was awarded a Nuffield Scholarship. I think I was working for radio or the HB Herald Tribune at the time and did a story on his selection.

Now I work for Nuffield NZ in a freelance journalist role and see the scholars come and go (literally – six months of overseas travel/research is an integral part of a scholarship). . .

Oaklands Milk now from A2 dairy herds:

Local dairy farmer Julian Raine, has announced that all Oakland’s milk naturally contains A2 beta casein proteins. He says “Centuries ago all cow’s milk contained this protein but as dairy herds around the world have been bred and selected for higher production the incidence of the A1 variation has increased.”

Through genetic testing Mr Raine has been able to select cows from his two Nelson dairy herds that have only the A2 gene. These cows are milked separately and it is only this pasteurised milk that is currently sold through vending machines located at Oakland’s farm gate. . .

Kiwi company takes the spotlight with its world-leading technology:

Global players in the fresh produce industry will this weekend get a first-hand look at innovative fruit sorting solutions from Kiwi company BBC Technologies, the world’s leading supplier of blueberry sorting and packing machinery.

BBC Technologies, specialists in the development and manufacturing of advanced processing technology, will be showcasing its range, for the first time, at the Produce Marketing Association’s (PMA) Fresh Summit Convention & Expo in New Orleans.

PMA’s Fresh Summit is one of the largest trade shows held in the United States, drawing more than 18,000 visitors from over 60 countries. North America is a key market for BBC, with the thriving New Zealand company recording 30 per cent year on year growth. . .


Quantity rather than quality

19/10/2013

Winston Peters hopes to have at least 16 MPs in his caucus after next year’s election.

If New Zealand First’s form is anything to go on that would be quantity rather than quality.


5/10

19/10/2013

Only 5/10 in Stuff’s Biz Quiz.


Look up before planting

19/10/2013

Many of this week’s power outages could have been avoided if people had trimmed trees growing under or near power lines.

. . . Thousands of properties lost power when trees crashed onto wires during storms in the Wairarapa and elsewhere in the southern North Island on Monday.

Powerco’s networks operations manager Phil Marsh says most of these could have been avoided if the property owners had trimmed trees on their properties. . . .

Trouble could also be avoided if people looked up before planing trees and avoided planting them close to lines.

Shelter belts on road side boundaries will almost always be under or close to power lines, but when planting elsewhere on farms it’s usually not difficult to keep clear of them.


Brighter future no mirage

19/10/2013

While attention has been on political sideshows there’s been several positive stories about the economy this week.

Consumer confidence is growing adding to signs economy is picking up pace:

New Zealand consumer confidence rose this month, adding to signs the economy is growing at a faster clip, with the strongest recording for kiwis feeling better off than a year ago since January 2008.

The ANZ-Roy Morgan consumer confidence index rose 3 points to 122.3 from 119 in September. The current conditions index rose 4 points to 120 and the future conditions index gained 3 points to 124.

“Consumer sentiment remains elevated and consistent with perky spending trends,” ANZ New Zealand chief economist Cameron Bagrie said in his report. . . .

Employment has been lagging behind growth but it is beginning to pick up too.

The ANZ Index shows job advertisements increased last month:

The ANZ jobs index released on Thursday shows total job advertising rose 1.1% in September, with the number of jobs advertised just over 4% higher than a year ago.

ANZ Senior Economist Sharon Zollner says newspaper ads rose 4.2% after a sharp fall in August.

Ms Zollner says Internet ads rose 0.5% which is the fourth consecutive monthly increase. . . .

She says it’s normal for the labour market to lag behind the general economy but the jobs recovery had been sluggish.

“We’re optimistic that in the second half of this year things are going to pick up.” . . .

And beneficiaries are seeking out emerging jobs:

More than 700 beneficiaries have sought out and landed jobs despite having no requirement to work since the new Work Bonus became available.

“We introduced a work bonus as an incentive to help people move off a benefit and onto a wage,” says Social Development Minister Paula Bennett.

The government is making a difference through a modernised welfare system by setting expectations, incentives and support to work.

Operational since July 15, the latest welfare reforms include the new Work Bonus, which allows the benefit to be phased out incrementally so people keep a proportion of it as they transition to a wage.

“Even just six weeks into the policy, 706 people had gone off benefit into work and were getting the Work Bonus,” says Mrs Bennett.

“The majority were sole parents, but more than 80 were people choosing to go off the Supported Living Payment (previously Invalid’s Benefit) into work.”

Work opportunities are emerging nationwide and beneficiaries will continue to snap up these jobs with employers choosing to recruit via Work and Income.

Home Support North is looking for around 70 part time support workers in Kerikeri and Whangarei. A new Supervalue supermarket opening in Avondale, Auckland provided work for five beneficiaries and likewise a FreshChoice supermarket will create 30 new jobs in West Auckland’s Ranui when it opens.

Z petrol stations regularly use Work and Income for recruitment. Seventeen beneficiaries gained jobs in Auckland Z stations in May and June alone.

“Three of those seventeen had done the Limited Service Volunteer (LSV) scheme. The Opposition writes this course off, but it motivates people to work,” says Mrs Bennett.

Another ten LSV graduates of the Hobsonville course have been interviewed for more positions at Z stations.

A number of new and expanding businesses are opening sites or starting up in areas that will benefit from the new jobs emerging including:

  • Progressive enterprises re-opening a refurbished Wellington supermarket
  • Sea Dragon Marine Oils doubling staff levels and opening a new factory in Richmond
  • New Subway sandwich store in Nelson
  • Drivers and labourers needed by Smart Environment Limited for recycling and rubbish disposal in Westport
  • Rydges Latimer Square Christchurch hotel now open and taking staff

Jobs are becoming available around the country and Work and Income are making every effort to match them with motivated beneficiaries.

“The new, modernised welfare system is providing real incentives and support to move into work and people are taking up the opportunities as they arise.”

There’s been a dramatic drop in the number of beneficiaries in the last year:

The number of people on benefits in New Zealand has fallen consistently for three quarters says Social Development Minister Paula Bennett.

Today’s data release shows benefits fell to 304,394 in the September quarter.

“A year ago there were almost 321,000 New Zealanders on benefits; that fell by 16,548 since September 2012, and by 5,388 in just the last quarter.”

The number of people on Sole Parent Support fell by more than 3,000 in the last quarter and there are at least 2,000 fewer people on Jobseeker Support.

Since the Sole Parent Support benefit was introduced in July 15, more than 3,200 sole parents have cancelled it for work, others have left for different reasons and another 5,000 came onto this benefit in the same period.

Mrs Bennett says the new, transparent, approach to the welfare system reveals sole parents spend 15.8 years on average on welfare and the total lifetime liability for sole parents is $21 billion, or $234,000 per person.

“This is why we’ve prioritised this group for assistance, particularly teen parents who are most at risk of getting trapped on welfare,” says Mrs Bennett.

“Teen parents on benefit are required to be in education so they can be better prepared for work, as well as undertaking parenting and budgeting programmes, all of which helps them to become independent.”

Since July, more than 10,000 Jobseeker benefits have been cancelled because people found work and on average, around 1,500 benefits are cancelled every week, because people go off benefit, into work. . . .

South Island firms are showing meteoric growth:

South Island listed companies have posted a meteoric 22.7% growth in the latest quarter according to the Deloitte South Island Index released today.  This is the largest quarterly growth percentage since the inception of the Index.

The 23rd edition of the Deloitte South Island Index, for the quarter to 30 September 2013, saw the index rocket upwards by $1.6 billion (22.7%) in market capitalisation, continuing the trend of the previous four quarters. The latest quarter’s results see the Index up $3.02 billion (53.6%) during the year to 30 September 2013 with total market capitalisation now standing at $8.66 billion, yet another new high since its inception in 2007.

The South Island Index’ 22.7% growth led the way against benchmark indices during the September quarter. Over the same period, the ASX All Ords achieved respectable growth of 9.3% while the NZX 50 Index and Dow Jones achieved more modest to low growth of 6.7% and 1.5% respectively. 

Paul Munro, a corporate finance partner in Deloitte’s Christchurch office, says the performance of the Index over the last quarter has been nothing less than remarkable. . .

The full Deloitte South Island Index report is here.

We still have a long way to go but all of these are encouraging signs that the  economy is on track back to surplus and that the brighter future National promised is no mirage.

Prime Minister John Key says:

I’m proud of the progress we’re making to build a stronger economy. Economic growth means more jobs and opportunities, better schools and hospitals, and a brighter future for families.
From John Key : NZ is growing faster than most economies, meaning more jobs, more opportunities & a brighter future for Kiwi families.


Saturday soapbox

19/10/2013

Saturday’s soapbox is yours to use as you will – within the bounds of decency and absence of defamation. You’re welcome to look back or forward, discuss issues of the moment, to pontificate, ponder or point us to something of interest, to educate, elucidate or entertain, to muse or amuse.

:) kindest, Boris


October 19 in history

19/10/2013

202 BC  Second Punic War: At the Battle of Zama, Roman legions under Scipio Africanus defeated Hannibal Barca, leader of the invading Carthaginian army.

439  The Vandals, led by King Gaiseric, take Carthage.

1216  King John of England died and was succeeded by his nine-year-old son Henry.

1453 The French recapture of Bordeaux brought the Hundred Years’ War to a close, with the English retaining only Calais on French soil.

1466 The Thirteen Years War ended with the Second Treaty of Thorn.

1469   Ferdinand II of Aragon married Isabella I of Castile, a marriage that paved the way to the unification of Aragon and Castile into a single country, Spain.

1512  Martin Luther became a doctor of theology (Doctor in Biblia).

1789 John Jay was sworn in as the first Chief Justice of the United States.

1813 The Battle of Leipzig concluded, giving Napoleon Bonaparte one of his worst defeats.

1822  In Parnaíba; Simplício Dias da Silva, João Cândido de Deus e Silva and Domingos Dias declared the independent state of Piauí.

1850  Annie Smith Peck, American mountaineer, was born (d. 1935).

1864 Battle of Cedar Creek – Union Army under Philip Sheridan destroy the Confederate Army under Jubal Early.

1864 – St. Albans Raid – Confederate raiders launched an attack on Saint Albans, Vermont.

1882  Umberto Boccioni, Italian painter and sculptor, was born (d. 1916).

1899  Miguel Ángel Asturias, Guatemalan writer, Nobel Prize laureate, was born (d. 1974).

1904 Polytechnic University of the Philippines founded as Manila Business School through the superintendence of the American C.A. O’Reilley.

1914 The First Battle of Ypres began.

1921 Portuguese Prime Minister António Granjo and other politicians were murdered in a Lisbon coup.

1931  John le Carré, English novelist, was born.

1943  Streptomycin, the first antibiotic remedy for tuberculosis, was isolated by researchers at Rutgers University.

1946 Philip Pullman, English writer, was born.

1950 The People’s Liberation Army takes control of the town of Qamdo in what is sometimes called the “Invasion of Tibet”.

1950  Korean War:  China joined the Korean War by sending thousands of troops across the Yalu river to fight United Nations forces.

1954 First ascent of Cho Oyu.

1959  The first discothèque, The Scotch Club in Aachen,  opened.

1966 President Lyndon Johnson, the first NZ president to visit New Zealand,  and his wife, Lady Bird, arrived at Ohakea airfield at the start of a 24-hour visit.

New Zealand’s day with LBJ

1969  The first Prime Minister of Tunisia in twelve years, Bahi Ladgham, was appointed by President Habib Bourguiba.

1974 – Niue became a self-governing colony of New Zealand.

1976  Battle of Aishiya in Lebanon.

1983  Maurice Bishop, Prime Minister of Grenada, was overthrown and executed in a military coup d’état led by Bernard Coard.

1986 Samora Machel, President of Mozambique and leader of FRELIMO, and 33 others died when their Tupolev 134 plane crashed into the Lebombo Mountains.

1987  Black Monday – the Dow Jones Industrial Average fell by 22%, 508 points.

1989  The convictions of the Guildford Four were quashed by the Court of Appeal  after they had spent 15 years in prison.

2001 SIEV-X, an Indonesian fishing boat en-route to Christmas Island, carrying over 400 asylum seekers, samk in international waters with the loss of 353 people.

2003 Mother Teresa was beatified by Pope John Paul II.

2004 Myanmar prime minister Khin Nyunt was ousted and placed under house arrest by the State Peace and Development Council on charges of corruption.

2004 – Care International aid worker Margaret Hassan was kidnapped in Iraq.

2005  Saddam Hussein went on trial in Baghdad for crimes against humanity.

2005 – Hurricane Wilma became the most intense Atlantic hurricane on record with a minimum pressure of 882 mb.

2007  A bomb explosion rocked Glorietta 2, a shopping mall in Makati. It killed 11 and injured more than 100 people.

Sourced from NZ History Online & Wikipedia


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