3 Oct 2008

Morning Report: local papers

6:41 am on 3 October 2008

Friday's papers: world dairy prices fall; four public services chief executives earn more than $500,000 per year; Lotto powerball jackpot hits $21 million.

NZ Herald

The New Zealand Herald reports supermarket dairy prices are expected to drop because of a fall in world dairy prices and the financial crisis - spelling bad news for farmers but a welcome relief for consumers.

The paper also says peace has broken out in the rugby war between Sky, TVNZ and TV3. It reports the three broadcasters are jointly negotiating with the International Rugby Board agent for shared screening rights to the 2011 Rugby World Cup.

Dominion Post

The Dominion Post says four public service chief executives earn more than $500,000 per year. Social Development Ministry chief Peter Hughes tops the list.

The paper also reports that while the first hurdle in the US financial markets bailout has been jumped, global markets are still guarded as they await a crucial vote in the US House of Representatives.

The Press

The Press features a picture of the forensic examination at the home of missing woman Tisha Lowery yesterday. The paper says it is a second blow for her mother who lost her sister in a gang-related stabbing 23 years ago.

It also says Finance Minister Michael Cullen hopes the House of Representatives will back the revised US $US700 billion bailout plan.


The Otago Daily Times says a war of words has broken out over a plan by Dunedin City Council for a new broadband network to be owned by the community.

Details of the scheme were announced on Thursday by the council-owned electricity lines company Aurora Energy Ltd, which has applied for a $3 million share of the Government's $340 million broadband investment fund to help pay for the network.

The ODT also asks what would you do with $21 million? - this week's Lotto's powerball jackpot has hit the highest amount in its seven year history.