Posts by Rich of Observationz
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I'd very much doubt they can hear anything on the boats, at least once they're out of the harbour.
If they're not careful, Alinghi will make a mixtape of Great Kiwi Sporting Defeats and play it on the deck speakers as they sail out.
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only in London would George Galloway get elected
What, the former member for Glasgow Hillhead?
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Personally I don't see a reason why this sort of service should be allowed at all.
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I hear this from a lot of people, but they usually are ones who did not grow up under that lady's regime
I did. Started uni in1981. Besides, I have opinions on the Asquith government and I was't around in 1910.
I'd agree that the Blair governments economics were smarter than their Tory predecessors (it helps not to have a party and cabinet at loggerheads over fundamental economics).
However their social policies were much the same - socially conservative authoritarian. It's just that whilst the Tories wanted to coerce everyone into the model of the rural middle classes, Labour want to coerce everyone to be urban middle class.
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"He took a party that, just a few years earlier, was essentially unelectable and swept it into power"
And subsequently adopted most of the policies of his predecessors. In fact, he went beyond what the Tories would have done. I can't believe that John Major would have introduced ASBOs and threatened autistic kids with jail.
"His chief opposition is in pretty much the same state of flaccidly protean, mewling, self-inflicted irrelevance that Labour was in during the ‘80s."
But are still ahead in the polls"I can think of no British equivalent of the Abu-Grahib scandal"
Apart from this and other cases"Governments don’t promulgate philosophies, they run countries."
Apart from Asquith, Lloyd-George, Attlee and Thatcher - all of whom unquestionably promoted a distinct set of ideas. (Churchill was different - he won a war - partly by adopting concepts such as a command economy that were somewhat alien to his background). -
I think a lot of people think that when they hear the Reserve Bank spent $1bln intervening in the markets then that's money out the door?
Actually, if they sold (e.g.) 1bln NZ dollars for USD at 0.760, then they now hold 760 million (extra) US dollars. At the present rate of 0.755 that equates to 1007 million NZ. So we're 7 million or so ahead.
Even if things had gone the other way, the amounts would have been in millions, not billions.
Neil: you may think that, but if the OCR was reduced in that fashion, all that would happen would be that the banks would be able to finance cheap mortgages domestically and wouldn't need to go to overseas lenders.
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Those that fail to learn from the mistakes of history are condemned to repeat them. So WTF was Bollard thinking when he spent $1.5 Billion of our surplus funds on this dumbRs attempt to devalue our dollar? Surely he knew what happened when the British tried the same in 1992? Squillionaire George Soros thought he'd accept the challenge, took a punt, and won.
That's like saying that the Titanic sinking proves that ships are inherently dangerous and should not be travelled on.
The problem in 1992 was that the pound was being held to an unrealisticaly high parity in the ERM, there was a lack of political will to maintain the parity, interest rates were under political control, etc.
So the currency was an easy target for speculators.(If the Bank of England had wound interest rates up and held them there for a few weeks (as other countries did), they could have stabilized the parity and Soros would have gone spectacularly bust - that's the risk he was taking)
There have been innumerable instances where central banks have intervened succesfully to stablise a currency against short term pressure - the current situation is, I think, one of those.
the last 5 days shows that (as of 5pm Tuesday) the Reserve Bank is ahead - they sold NZ dollars which fell in value. -
Zombie Claypot Chicken?
I'm sure I read something in the Listner warning about the dangers of undead food?
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*did not author the complaint, and not a party to the complaint
* *probably means he never said this
***he never called her thisI don't suppose statements to the Press Council have to be in sworn affadavits? Otherwise she could wind up getting the same treatment as Jeffrey Archer and Jonathan Aitken. They could put her in a cell with Donna Awatere Huata.
Incidentally, does her attitude that only "working journalists" are fit to judge her apply to others - such as drug dealers and car thieves?
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I think you'll find that it (Spitfire) goes very fast on a beam reach and doesn't really sail to windward very well, which wouldn't help on a triangular course.
Having said that, during the 1987 Louis Vuitton series (in Perth, back in the 12m days) there was a Tornado cat that was sailing around the outside of the course and spectator fleets faster than the Twelves could sail the basic circuit.