Latchet – a narrow strap, thong or lace for fastening a sandal or shoe.
Thanks to J Bloggs and Alwyn for providing Thursday’s questions.
If you stumped us all you can claim your virtual chocolate cake by leaving the answers below.
Transfer Tasman asks is economic transformation finally being delivered?
During the election campaign John Key said he believes “NZ is on the cusp of something special” (as Trans-Tasman reported September 18). He was ridiculed by Labour (look what happened to them), by NZ First leader Winston Peters (who was predicting to his suck-it-up audiences the economy would crash in November) and by various “woe-is-me” pundits like Rod Oram. But now some hard data is emerging to suggest Key has a better sense of the way the economy is moving than his critics. Job statistics last week showed NZ’s unemployment rate is now lower than Aust’s, despite inwards migration reaching new highs. Canterbury is driving jobs growth, up 11% over the past year, and reporting the lowest unemployment across the regions at 3.2%.
This week the share market NZX top 50 index punched up to the 5500-mark, a new record high. Investors are chasing high dividend yields, and some of the big companies sitting on cash mountains are obliging them: witness Wellington-based Infratil this week paying a special dividend of 15c a share worth $84m on top of its interim dividend of 4.5c. Other evidence came from the ANZ Bank which headed up its latest Truckometer readings “High speed zone.” The two traffic indices, one concurrent with GDP, and the other providing a 6-month lead on GDP growth, both rose strongly in October, suggesting solid momentum over the second half of the year and into next.
ANZ economist Sharon Zollner in her commentary says “it is going to take more than a halving in global dairy prices to stop this juggernaut.” She sees the NZ economy continuing to vie for the lead in the OECD growth race. But the real kicker in all this is with annual CPI inflation running at just 1%, there is no sign of the engine overheating. This is why NZ might be on the cusp of something special – sustainable growth over the cycle above the long-term trend, without the Governor of the Reserve Bank having to slam on the brakes, and bring the economy to a shuddering halt. So this may be the economic transformation, long heralded, but at last being delivered.
The cycle of boom and bust is all too familiar in New Zealand.
The challenge of sustainable growth without inflation has proved too difficult in the past.
This time there are encouraging signs it could be achieved.
1770 – James Bruce discovered what he believed to be the source of the Nile.
1805 Fanny Mendelssohn, German composer and pianist, was born (d. 1847).
1840 Claude Monet, French painter, was born (d. 1926).
1845 – Governor George Grey arrived in New Zealand.
1878 – Julie Manet, French painter, was born (d. 1966).
1889 – Pioneering female journalist Nellie Bly (aka Elizabeth Cochrane) began a successful attempt to travel around the world in less than 80 days.
1896 – Mamie Eisenhower, First Lady of the United States was born, (d. 1979)
1908 Joseph McCarthy, U.S. Senator from Wisconsin, was born (d. 1957).
1918 – Czechoslovakia became a republic.
1919 Veronica Lake, American actress, was born (d. 1973).
1921 – The Communist Party of Spain was founded.
1921 – Brian Keith, American actor, was born. (d. 1997).
1922 – The BBC began radio service.
1922 – Boutros Boutros-Ghali, Egyptian UN Secretary-General, was born
1923 – Kentaro Suzuki completed his ascent of Mount Iizuna.
1935 King Hussein of Jordan was born (d. 1999).
1940 – Coventry was heavily bombed by Luftwaffe bombers. Coventry Cathedral was almost completely destroyed.
1941 – World War II: The aircraft carrier HMS Ark Royal sank after torpedo damage from U-81 sustained on November 13.
1947 P. J. O’Rourke, American writer, was born.
1948 Prince Charles was born.
1952 – The first regular UK singles chart published by the New Musical Express.
1954 – Lieutenant General Sir Jerry Mateparae, Governor General of New Zealand, was born.
1954 – Condoleezza Rice, former United States Secretary of State, was born.
1957 – The Apalachin Meeting outside Binghamton, New York was raided by law enforcement, and many high level Mafia figures were arrested.
1959 Paul McGann, British actor, was born
1965 – Vietnam War: The Battle of the Ia Drang began – the first major engagement between regular American and North Vietnamese forces.
1967 – The Congress of Colombia, in commemoration of the 150 years of the death of Policarpa Salavarrieta, declared this day as “Day of the Colombian Woman”.
1969 – NASA launched Apollo 12, the second manned mission to the surface of the Moon.
1970 – Soviet Union enters ICAO, making Russian the fourth official language of organisation.
1970 – Southern Airways Flight 932 crashed in the mountains near Huntington, West Virginia, killing 75, including members of the Marshall University football team.
1971 Adam Gilchrist, Australian cricketer, was born.
1971 – Enthronment of Pope Shenouda III as Pope of Alexandria.
1973 – The passage of the Social Security Amendment Act introduced the Domestic Purposes Benefit to New Zealand’s social welfare system.
1975 – Spain abandoned Western Sahara.
1982 – Lech Wałęsa, the leader of Poland’s outlawed Solidarity movement, was released after 11 months of internment.
1984 – Zamboanga City mayor Cesar Climaco, a prominent critic of the government of Philippine President Ferdinand Marcos, was assassinated in his home city.
1990 – After German reunification, the Federal Republic of Germany and the Republic of Poland sign a treaty confirming the Oder-Neisse line as the border between Germany and Poland.
1991 – Cambodian Prince Norodom Sihanouk returned to Phnom Penh after 13 years of exile.
1991 – In Royal Oak, Michigan, a fired United States Postal Service employee went on a shooting rampage, killing four and wounding five before committing suicide.
1995 – A budget standoff between Democrats and Republicans in the U.S. Congress forced the federal government to temporarily close national parks and museums and to run most government offices with skeleton staffs.
2001 – War in Afghanistan: Afghan Northern Alliance fighters took over Kabul.
2002 – Argentina defaulted on an $805 million World Bank payment.
2003 – Astronomers Michael E. Brown, Chad Trujillo, and David L. Rabinowitz discovered 90377 Sedna, a Trans-Neptunian object.
2008 – – The first G-20 economic summit opened in Washington, D.C.
2007 – The last direct-current electrical distribution system in the United States was shut down in New York City by Con Edison.
2010 –Germany’s Sebastian Vettel of Red Bull Racing won Formula One’s Drivers Championship to become the sport’s youngest champion.
2012 – Israel launched a major military operation in the Gaza Strip, as hostilities with Hamas escalated.
Sourced from NZ History Online & Wikipedia