16 Feb 2010

Tuesday's newspaper headlines

8:43 am on 16 February 2010

Bridgecorp staff were instructed to lie to investors; insulation scheme plagued by poor work; Wellington commuters angered by latest fault.

NZ Herald

Gaps in insulation and fire risks were found in the Government's popular home insulation scheme, forcing inspectors to double the number of random checks and introduce tough new penalties under the subsidy scheme.

The chief of the Auckland Chamber of Commerce, Michael Barnett, says the super-city reforms are being imposed by Wellington and a select group of bureaucrats.

Sir Russell Coutts is being hailed as the greatest sailor in America's Cup history after winning the world's oldest sporting trophy, and sailing's top prize, for the fourth time.

Dominion Post

The paper leads with commuters giving up on Wellington's rail service after 2000 passengers were delayed yesterday, with many stranded and forced to walk along tracks.

A man has pleaded guilty to charges of threatening to kill, threatening to harm property and demanding to steal after a series of sinister notes were presented to a National Bank staff member.

The Press

Bridgecorp staff were instructed to lie to investors who called the company asking why they hadn't received their regular interest repayments, the Auckland District Court was told. Faced with a severe cashflow and liquidity crisis, which it had failed to disclose to the market, the company was repaying only the noisiest and most persistent investors in the months leading up to its receivership, the Press reports.

Canterbury University could lose its music courses if a new national music conservatorium in central Christchurch is not built.

The Government says there is still money in the kitty to back a renewed attempt by Team New Zealand to claim back the Auld Mug in the next America's Cup.

Otago Daily Times

Health Minister Tony Ryall wants Dunedin Hospital management to be more pro-active in following up patients who have been treated for cancer after a report revealed 23 patients experienced waits ranging from 36 days to more than two years.

A German tourist is in custody in Christchurch after pleading guilty to possessing 16 rare, jewelled geckos from the Otago peninsula.