Search for missing Kiribati fisherman - Update #2
An RNZAF P3 Orion has completed an initial radar search of
the sea south of Tarawa Island, Kiribati, for three
fishermen overdue for three days in a 6m boat. No sign has
yet been seen of the fishermen.
The aircraft has now
landed on Tarawa Island and the search will resume at first
A further update will be issued
mid-morning, unless there are further developments in the
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On The Reserve Bank And Auckland Housing
The ‘crisis – what crisis?’ response by the government to the Auckland housing price bubble is no longer acceptable.
So says Reserve Bank governor Grant Spencer – who used unusually frank language in his speech and subsequent interviews yesterday to call for a capital gains tax, and to generally chastise central and local government for their inaction on a threat to the country’s economic health and financial stability.
That threat has been real for some time. The housing price bubble has already created a currency bubble... Undaunted, the government keeps calling this situation a success story. More>>