Vicinal – adjacent; neighbouring; of or relating to a limited district, local; (of a railway or road) serving a neighbourhood; the location of two identical chemical groups or atoms which are bonded to adjacent carbon atoms; (in mineralogy) designating faces on a crystal that approximate or take the place of fundamental planes.
Thursday’s questions were:
1. Who said: We need four hugs a day for survival, eight for maintenance and twelve for growth?
2. The musical Kiss Me Kate is based on which play?
3. It’s étreinte in French, abbracio in Italian, abrazo in Spanish and awhi in Maori, what is it in English?
4. What is a kissing cousin?
5. An air kiss, a hug, a handshake or?
Points for answers:
Andrei got four.
Alwyn got four.
Gravedodger got three and a grin for #4.
Rob got four with a grin for #1 and a nod for #5.
Answers follow the break:
New Zealand finally has a positive savings trend:
New Zealand households have together saved more than they spent over the past five consecutive years – the first time this has happened since 1989-94, Finance Minister Bill English says.
The latest revised annual National Accounts (Income and Expenditure) compiled by Statistics New Zealand show aggregate household savings – which includes the impact of debt repayment – totalled $2.8 billion in the year ended March 2014.
This represents a positive savings rate of 2.1 per cent of household disposable income.
The revised figures show that before 2009 – the year after the National Government was first elected – the household savings rate had been negative in all but one year since 1995.
“This news is the latest in a series of results that show households are getting ahead and that the economy is steadily rebalancing towards higher savings and away from borrowing and consumption,” Mr English says.
“Combined with average hourly earnings growing more than twice as fast as inflation, a sustained period of historically low interest rates, falling unemployment and good economic growth, the household savings data adds to a picture of New Zealanders making sensible decisions to strengthen their own balance sheets.
“The Government, which has also kept tight control over its own spending during the same period, has made changes that have encouraged New Zealanders away from debt-funded consumption in favour of a more sustainable and secure position.
“Households have been nudged towards this by a combination of factors including the 2010 tax package which lowered taxes on income and savings and increased tax on consumption and property speculators.
“The Government has also pursued initiatives that have made investments more attractive, including the government share offer programme which helped stimulate New Zealand’s capital markets. At the same time, we’ve tidied up the finance company sector to help protect depositors, and made KiwiSaver more affordable.
“Many low-income households are still finding things tough . However, the overall picture supports a rebalancing of the economy away from the debt-fuelled consumer binge that occurred under the previous Labour government, to a growing culture of saving and investing.
“While this helps households get ahead, low inflation and restrained consumption contributes to government revenue being lower than it otherwise would be, again reinforcing the challenge of getting back to surplus.”
The reason we’re dependent on overseas borrowing is because we’ve been spending more than we saved ourselves.
At last we’re saving more than we spend.
The irony of that is lower spending means less GST and so makes it harder for the government to return to surplus.
While that will provide ammunition for the opposition the problem of that is political rather than economic.
Our economy is back on track to surplus and whether we get there this year or next, the economy is growing in a sustainable way without inflationary pressure.
1443 – Skanderbeg and his forces liberated Kruja in Middle Albania.
1520 – After navigating through the South American strait, three ships under the command of Portuguese explorer Ferdinand Magellan reached the Pacific Ocean, becoming the first Europeans to sail from the Atlantic Ocean to the Pacific.
1582 – William Shakespeare and Anne Hathaway paid a £40 bond for their marriage licence.
1628 John Bunyan, English cleric and author. was born (d. 1688).
1632 Jean-Baptiste Lully, French composer, was born (d. 1687).
1660 – At Gresham College, 12 men, including Christopher Wren, Robert Boyle, John Wilkins, and Sir Robert Moray decided to found what became the Royal Society.
1757 – William Blake, British poet, was born (d. 1827).
1785 – The Treaty of Hopewell was signed.
1811 – Beethoven Piano Concerto No. 5 in E-flat major, Op. 73, was premiered at the Gewandhaus in Leipzig.
1814 – The Times in London was for the first time printed by automatic, steam powered presses built by German inventors Friedrich Koenig and Andreas Friedrich Bauer, signalling the beginning of the availability of newspapers to a mass audience.
1820 Friedrich Engels, German philosopher, was born (d. 1895).
1821 – Panama Independence Day: Panama separated from Spain and joined Gran Colombia.
1829 Anton Rubinstein, Russian composer, was born (d. 1894).
1843 – Ka Lā Hui: Hawaiian Independence Day – The Kingdom of Hawaii was officially recognised by the United Kingdom and France as an independent nation.
1862 – American Civil War: In the Battle of Cane Hill, Union troops under General John Blunt defeated General John Marmaduke’s Confederates.
1893 – Women voted in a national election for the first time in the New Zealand general election.
1895 – The first American automobile race took place over the 54 miles from Chicago’s Jackson Park to Evanston, Illinois. Frank Duryea won in approximately 10 hours.
1904 Nancy Mitford, British essayist, was born (d. 1973).
1907 – In Haverhill, Massachusetts, scrap-metal dealer Louis B. Mayer opened his first movie theatre.
1910 – Eleftherios Venizelos, leader of the Liberal Party, won the Greek election again.
1912 – Albania declared its independence from the Ottoman Empire.
1914 – World War I: Following a war-induced closure in July, the New York Stock Exchange re-opened for bond trading.
1918 – Bucovina voted for the union with the Kingdom of Romania.
1933 Hope Lange, American actress, was born (d. 2003).
1942 Manolo Blahnik, Spanish shoe designer, was born.
1942 – In Boston a fire in the Cocoanut Grove nightclub killed 491 people.
1960 – Mauritania became independent of France.
1961 Martin Clunes, British actor, was born.
1962 Matt Cameron, American drummer (Soundgarden, Pearl Jam), was born.
1964 – NASA launched the Mariner 4 probe toward Mars.
1972 – Last executions in Paris, of the Clairvaux Mutineers, Roger Bontems and Claude Buffet, guillotined at La Sante Prison.
1975 – East Timor declared its independence from Portugal.
1979 – Flight TE901, an Air New Zealand sightseeing flight over Antarctica, crashed into the lower slopes of Mt Erebus, near Scott Base, killing all 257 passengers and crew on board.
1987 – South African Airways flight 295 crashed into the Indian Ocean, killing all 159 people on-board.
1991 – South Ossetia declared independence from Georgia.
2008 An Air NZ Airbus A320 crashed off the coast of France.
Sourced from NZ History Online & Wikipedia