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National Radio 8am Bulletin

Dollar Crisis – Oil Prices – Cancer – Smear Testing – Olympics: Weightlifting, NZ Medals, Thorpedo – Defence Force – Algal Bloom – Queenstown Slip

DOLLAR CRISIS: The NZ Dollar has hit new record lows against the US Dollar of 40.75 US cents. The NZ Dollar fell with the Australian Dollar and the Euro overnight and is also at record lows on a TWI basis.

OIL PRICES: Oil prices have risen to their highest levels yet of $35-$37 USD a barrel. Iraqi President Saddam Hussein has warned the world about super-power efforts to push down the cost of crude.

CANCER: The husband of a dying Northland woman says she had a series of normal smear tests before she developed cancer. They now want to know if the smear tests were read correctly.

SMEAR TESTING: Medical laboratories will have to meet new standards for smear tests or lose the business.

OLYMPICS – WEIGHTLIFTING: Roumanian weightlifters have been allowed back into the Olympics after paying a US$50,000 fine.

OLYMPICS – NZ MEDALS: NZ will look for its first medal at the Olympics today in the show-jumping. Last night cyclist Sarah Ulmer narrowly missed out on a bronze. The NZ Women’s Hockey Team beat China last night. In the show-jumping the Aussies are 8 rails and the British are five rails ahead of the Kiwi team.

OLYMPICS – THORPEDO: Australian swimmer Ian Thorpe(do) was beaten last night by a Dutch swimmer in the 200m freestyle.

DEFENCE FORCE: The NZ Defence Force is streamlining the armed forces command under a new joint command structure to be based at Trentham.

ALGAL BLOOM: There are concerns that the toxic algal bloom on the West Coast may end up infecting mussel farms on the East Coast.

QUEENSTOWN SLIP: Explosives are to be used to bring down more debris from the site of a big slip near Queenstown.

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