Monday 5 Nov 2001 Rodney Hide Press Releases -- Economy

CS First Boston's report on Air New Zealand is more bad news for taxpayers, ACT Finance Spokesman MP Rodney Hide said today.

"Credit Suisse First Boston restates its sell recommendation on the airline's shares and declares the government's injection of $885 million insufficient to bail out Air New Zealand.

"The entire $885 million must be borrowed and the financing cost is $60 million a year to the taxpayer. CS First Boston suggests $885 million is just the start. Sadly, think they are right," concluded Rodney Hide.

ENDS

For more information visit ACT online at http://www.act.org.nz or contact the ACT Parliamentary Office at act@parliament.govt.nz.

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Gordon Campbell: On the Sony cyber attack

Given the layers of meta-irony involved, the saga of the Sony cyber attack seemed at the outset more like a snarky European art film than a popcorn entry at the multiplex.

Yet now with (a) President Barack Obama weighing in on the side of artistic freedom and calling for the US to make a ‘proportionate response’quickly followed by (b) North Korea’s entire Internet service going down, and with both these events being followed by (c) Sony deciding to backtrack and release The Interview film that had made it a target for the dastardly North Koreans in the first place, then ay caramba…the whole world will now be watching how this affair pans out. More>>